vs
Side-by-side financial comparison of Cambium Networks Corp (CMBM) and INDEPENDENT BANK CORP (IBCP). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $40.3M, roughly 1.5× Cambium Networks Corp). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -17.9%, a 46.6% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -27.2%).
Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
CMBM vs IBCP — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.3M | $58.9M |
| Net Profit | $-7.2M | $16.9M |
| Gross Margin | 36.6% | — |
| Operating Margin | -28.4% | — |
| Net Margin | -17.9% | 28.6% |
| Revenue YoY | -23.2% | — |
| Net Profit YoY | 71.0% | 8.2% |
| EPS (diluted) | $-0.26 | $0.81 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $58.9M | ||
| Q4 25 | — | $58.3M | ||
| Q3 25 | — | $57.3M | ||
| Q2 25 | — | $55.9M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | $40.3M | $62.0M | ||
| Q3 24 | $44.7M | $51.4M | ||
| Q2 24 | $45.2M | $56.5M |
| Q1 26 | — | $16.9M | ||
| Q4 25 | — | $18.6M | ||
| Q3 25 | — | $17.5M | ||
| Q2 25 | — | $16.9M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | $-7.2M | $18.5M | ||
| Q3 24 | $-34.5M | $13.8M | ||
| Q2 24 | $-14.2M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 32.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 35.3% | ||
| Q4 24 | -28.4% | 36.7% | ||
| Q3 24 | -69.6% | 33.7% | ||
| Q2 24 | -27.2% | 41.0% |
| Q1 26 | — | 28.6% | ||
| Q4 25 | — | 31.8% | ||
| Q3 25 | — | 30.5% | ||
| Q2 25 | — | 30.2% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | -17.9% | 29.8% | ||
| Q3 24 | -77.3% | 26.9% | ||
| Q2 24 | -31.5% | 32.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | — | $0.88 | ||
| Q3 25 | — | $0.84 | ||
| Q2 25 | — | $0.81 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | $-0.26 | $0.87 | ||
| Q3 24 | $-1.22 | $0.65 | ||
| Q2 24 | $-0.51 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $174.9M |
| Total DebtLower is stronger | $67.6M | — |
| Stockholders' EquityBook value | $-3.2M | $510.6M |
| Total Assets | $173.7M | $5.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.9M | ||
| Q4 25 | — | $138.4M | ||
| Q3 25 | — | $208.7M | ||
| Q2 25 | — | $146.2M | ||
| Q1 25 | — | $128.1M | ||
| Q4 24 | — | $119.9M | ||
| Q3 24 | — | $121.6M | ||
| Q2 24 | — | $214.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $67.6M | — | ||
| Q3 24 | $67.6M | — | ||
| Q2 24 | $68.9M | — |
| Q1 26 | — | $510.6M | ||
| Q4 25 | — | $503.0M | ||
| Q3 25 | — | $490.7M | ||
| Q2 25 | — | $469.3M | ||
| Q1 25 | — | $467.3M | ||
| Q4 24 | $-3.2M | $454.7M | ||
| Q3 24 | $1.9M | $452.4M | ||
| Q2 24 | $34.1M | $430.5M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $173.7M | $5.3B | ||
| Q3 24 | $194.3M | $5.3B | ||
| Q2 24 | $221.1M | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 36.12× | — | ||
| Q2 24 | 2.02× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.4M | — |
| Free Cash FlowOCF − Capex | $-10.8M | — |
| FCF MarginFCF / Revenue | -26.8% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $76.7M | ||
| Q3 25 | — | $18.2M | ||
| Q2 25 | — | $19.0M | ||
| Q1 25 | — | $31.7M | ||
| Q4 24 | $-10.4M | $63.2M | ||
| Q3 24 | $8.9M | $17.2M | ||
| Q2 24 | $2.4M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $70.2M | ||
| Q3 25 | — | $16.5M | ||
| Q2 25 | — | $16.7M | ||
| Q1 25 | — | $30.6M | ||
| Q4 24 | $-10.8M | $55.2M | ||
| Q3 24 | $6.8M | $15.7M | ||
| Q2 24 | $87.0K | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 120.3% | ||
| Q3 25 | — | 28.9% | ||
| Q2 25 | — | 29.8% | ||
| Q1 25 | — | 56.5% | ||
| Q4 24 | -26.8% | 89.1% | ||
| Q3 24 | 15.2% | 30.6% | ||
| Q2 24 | 0.2% | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 1.1% | 12.8% | ||
| Q3 24 | 4.8% | 2.9% | ||
| Q2 24 | 5.1% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.13× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMBM
| Enterprise | $16.6M | 41% |
| Point To Multi Point | $16.4M | 41% |
| Other | $5.8M | 14% |
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
