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Side-by-side financial comparison of Citi Trends Inc (CTRN) and INDEPENDENT BANK CORP (INDB). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($212.5M vs $197.1M, roughly 1.1× Citi Trends Inc). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -3.5%, a 39.0% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 10.1%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $767.0K). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
CTRN vs INDB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $212.5M |
| Net Profit | $-6.9M | $75.3M |
| Gross Margin | — | — |
| Operating Margin | -3.7% | — |
| Net Margin | -3.5% | 35.5% |
| Revenue YoY | 10.1% | 46.9% |
| Net Profit YoY | 3.6% | 50.6% |
| EPS (diluted) | $-0.86 | $1.51 |
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.
| Q4 25 | $197.1M | $212.5M | ||
| Q3 25 | $190.8M | $203.3M | ||
| Q2 25 | $201.7M | $147.5M | ||
| Q1 25 | $211.2M | $145.5M | ||
| Q4 24 | $179.1M | $144.7M | ||
| Q3 24 | $176.6M | $141.7M | ||
| Q2 24 | $186.3M | $137.9M | ||
| Q1 24 | $215.2M | $137.4M |
| Q4 25 | $-6.9M | $75.3M | ||
| Q3 25 | $3.8M | $34.3M | ||
| Q2 25 | $871.0K | $51.1M | ||
| Q1 25 | $-14.2M | $44.4M | ||
| Q4 24 | $-7.2M | $50.0M | ||
| Q3 24 | $-18.4M | $42.9M | ||
| Q2 24 | $-3.4M | $51.3M | ||
| Q1 24 | $3.6M | $47.8M |
| Q4 25 | -3.7% | — | ||
| Q3 25 | 1.8% | 21.8% | ||
| Q2 25 | 0.2% | 44.6% | ||
| Q1 25 | 0.6% | 39.3% | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | -14.1% | 39.0% | ||
| Q2 24 | -3.7% | 48.1% | ||
| Q1 24 | 1.8% | 45.5% |
| Q4 25 | -3.5% | 35.5% | ||
| Q3 25 | 2.0% | 16.8% | ||
| Q2 25 | 0.4% | 34.6% | ||
| Q1 25 | -6.7% | 30.5% | ||
| Q4 24 | -4.0% | 34.6% | ||
| Q3 24 | -10.4% | 30.3% | ||
| Q2 24 | -1.8% | 37.2% | ||
| Q1 24 | 1.7% | 34.8% |
| Q4 25 | $-0.86 | $1.51 | ||
| Q3 25 | $0.46 | $0.69 | ||
| Q2 25 | $0.11 | $1.20 | ||
| Q1 25 | $-1.70 | $1.04 | ||
| Q4 24 | $-0.86 | $1.18 | ||
| Q3 24 | $-2.21 | $1.01 | ||
| Q2 24 | $-0.42 | $1.21 | ||
| Q1 24 | $0.43 | $1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $107.8M | $3.6B |
| Total Assets | $464.3M | $24.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.8M | $3.6B | ||
| Q3 25 | $113.2M | $3.5B | ||
| Q2 25 | $108.6M | $3.1B | ||
| Q1 25 | $113.2M | $3.0B | ||
| Q4 24 | $130.3M | $3.0B | ||
| Q3 24 | $136.6M | $3.0B | ||
| Q2 24 | $154.8M | $2.9B | ||
| Q1 24 | $157.7M | $2.9B |
| Q4 25 | $464.3M | $24.9B | ||
| Q3 25 | $457.4M | $25.0B | ||
| Q2 25 | $437.4M | $20.0B | ||
| Q1 25 | $462.8M | $19.9B | ||
| Q4 24 | $467.1M | $19.4B | ||
| Q3 24 | $506.7M | $19.4B | ||
| Q2 24 | $484.1M | $19.4B | ||
| Q1 24 | $518.7M | $19.3B |
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 | $8.6M | $78.9M |
| Free Cash FlowOCF − Capex | $767.0K | $75.5M |
| FCF MarginFCF / Revenue | 0.4% | 35.5% |
| Capex IntensityCapex / Revenue | 4.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | $78.9M | ||
| Q3 25 | $3.9M | $52.2M | ||
| Q2 25 | $-11.0M | $106.7M | ||
| Q1 25 | $28.5M | $13.3M | ||
| Q4 24 | $-18.4M | $42.9M | ||
| Q3 24 | $5.6M | $70.2M | ||
| Q2 24 | $-19.6M | $65.6M | ||
| Q1 24 | $23.3M | $51.1M |
| Q4 25 | $767.0K | $75.5M | ||
| Q3 25 | $-1.7M | $49.7M | ||
| Q2 25 | $-13.1M | $102.5M | ||
| Q1 25 | $26.0M | $11.3M | ||
| Q4 24 | $-20.4M | $36.5M | ||
| Q3 24 | $1.7M | $64.4M | ||
| Q2 24 | $-21.2M | $61.9M | ||
| Q1 24 | $20.0M | $46.7M |
| Q4 25 | 0.4% | 35.5% | ||
| Q3 25 | -0.9% | 24.4% | ||
| Q2 25 | -6.5% | 69.5% | ||
| Q1 25 | 12.3% | 7.8% | ||
| Q4 24 | -11.4% | 25.2% | ||
| Q3 24 | 0.9% | 45.4% | ||
| Q2 24 | -11.4% | 44.9% | ||
| Q1 24 | 9.3% | 34.0% |
| Q4 25 | 4.0% | 1.6% | ||
| Q3 25 | 2.9% | 1.2% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 1.2% | 1.4% | ||
| Q4 24 | 1.1% | 4.4% | ||
| Q3 24 | 2.2% | 4.1% | ||
| Q2 24 | 0.9% | 2.7% | ||
| Q1 24 | 1.5% | 3.2% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | 1.01× | 1.52× | ||
| Q2 25 | -12.59× | 2.09× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | 6.56× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
