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Side-by-side financial comparison of Energy Services of America CORP (ESOA) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

Energy Services of America CORP is the larger business by last-quarter revenue ($114.1M vs $58.0M, roughly 2.0× indie Semiconductor, Inc.). On growth, Energy Services of America CORP posted the faster year-over-year revenue change (13.4% vs -0.0%). Energy Services of America CORP produced more free cash flow last quarter ($16.8M vs $-16.1M). Over the past eight quarters, Energy Services of America CORP's revenue compounded faster (26.7% CAGR vs 5.3%).

Superior Energy Services is an American oil services company that operates as a holding company for a portfolio of oilfield equipment rentals and well oil and gas services brands.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

ESOA vs INDI — Head-to-Head

Bigger by revenue
ESOA
ESOA
2.0× larger
ESOA
$114.1M
$58.0M
INDI
Growing faster (revenue YoY)
ESOA
ESOA
+13.4% gap
ESOA
13.4%
-0.0%
INDI
More free cash flow
ESOA
ESOA
$32.9M more FCF
ESOA
$16.8M
$-16.1M
INDI
Faster 2-yr revenue CAGR
ESOA
ESOA
Annualised
ESOA
26.7%
5.3%
INDI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ESOA
ESOA
INDI
INDI
Revenue
$114.1M
$58.0M
Net Profit
$-31.2M
Gross Margin
12.3%
37.3%
Operating Margin
4.3%
-58.5%
Net Margin
-53.8%
Revenue YoY
13.4%
-0.0%
Net Profit YoY
9.1%
EPS (diluted)
$0.16
$-0.16

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.

Revenue
ESOA
ESOA
INDI
INDI
Q4 25
$114.1M
$58.0M
Q3 25
$130.1M
$53.7M
Q2 25
$103.6M
$51.6M
Q1 25
$76.7M
$54.1M
Q4 24
$100.6M
$58.0M
Q3 24
$104.7M
$54.0M
Q2 24
$85.9M
$52.4M
Q1 24
$71.1M
$52.4M
Net Profit
ESOA
ESOA
INDI
INDI
Q4 25
$-31.2M
Q3 25
$-38.3M
Q2 25
$-39.0M
Q1 25
$-34.5M
Q4 24
$-34.4M
Q3 24
$-49.7M
Q2 24
$-19.2M
Q1 24
$-31.2M
Gross Margin
ESOA
ESOA
INDI
INDI
Q4 25
12.3%
37.3%
Q3 25
12.6%
40.1%
Q2 25
11.6%
40.6%
Q1 25
0.1%
41.7%
Q4 24
10.2%
42.6%
Q3 24
16.8%
39.3%
Q2 24
17.8%
42.2%
Q1 24
8.8%
42.5%
Operating Margin
ESOA
ESOA
INDI
INDI
Q4 25
4.3%
-58.5%
Q3 25
5.8%
-71.4%
Q2 25
3.1%
-83.3%
Q1 25
-10.6%
-72.0%
Q4 24
1.6%
-58.4%
Q3 24
8.4%
-92.5%
Q2 24
9.9%
-70.0%
Q1 24
-1.5%
-94.8%
Net Margin
ESOA
ESOA
INDI
INDI
Q4 25
-53.8%
Q3 25
-71.3%
Q2 25
-75.6%
Q1 25
-63.9%
Q4 24
-59.2%
Q3 24
-92.1%
Q2 24
-36.6%
Q1 24
-59.6%
EPS (diluted)
ESOA
ESOA
INDI
INDI
Q4 25
$0.16
$-0.16
Q3 25
$0.26
$-0.19
Q2 25
$0.12
$-0.20
Q1 25
$-0.41
$-0.18
Q4 24
$0.05
$-0.18
Q3 24
$0.40
$-0.28
Q2 24
$1.06
$-0.11
Q1 24
$-0.07
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESOA
ESOA
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$16.7M
$145.5M
Total DebtLower is stronger
$62.0M
$353.4M
Stockholders' EquityBook value
$60.6M
$358.0M
Total Assets
$201.0M
$840.8M
Debt / EquityLower = less leverage
1.02×
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESOA
ESOA
INDI
INDI
Q4 25
$16.7M
$145.5M
Q3 25
$12.2M
$160.9M
Q2 25
$15.3M
$192.6M
Q1 25
$9.9M
$236.6M
Q4 24
$20.3M
$274.2M
Q3 24
$12.9M
$96.9M
Q2 24
$14.5M
$112.3M
Q1 24
$12.1M
$138.2M
Total Debt
ESOA
ESOA
INDI
INDI
Q4 25
$62.0M
$353.4M
Q3 25
$72.2M
$353.5M
Q2 25
$59.1M
$352.5M
Q1 25
$50.7M
$379.0M
Q4 24
$59.6M
$381.3M
Q3 24
$33.9M
Q2 24
$31.9M
Q1 24
$45.7M
Stockholders' Equity
ESOA
ESOA
INDI
INDI
Q4 25
$60.6M
$358.0M
Q3 25
$59.2M
$369.2M
Q2 25
$54.4M
$390.4M
Q1 25
$53.7M
$405.6M
Q4 24
$61.0M
$417.9M
Q3 24
$58.7M
$458.6M
Q2 24
$52.0M
$470.7M
Q1 24
$34.6M
$432.9M
Total Assets
ESOA
ESOA
INDI
INDI
Q4 25
$201.0M
$840.8M
Q3 25
$215.2M
$855.1M
Q2 25
$189.1M
$867.6M
Q1 25
$170.2M
$909.0M
Q4 24
$192.1M
$941.4M
Q3 24
$158.2M
$797.5M
Q2 24
$148.8M
$797.3M
Q1 24
$136.1M
$803.6M
Debt / Equity
ESOA
ESOA
INDI
INDI
Q4 25
1.02×
0.99×
Q3 25
1.22×
0.96×
Q2 25
1.09×
0.90×
Q1 25
0.94×
0.93×
Q4 24
0.98×
0.91×
Q3 24
0.58×
Q2 24
0.61×
Q1 24
1.32×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESOA
ESOA
INDI
INDI
Operating Cash FlowLast quarter
$18.8M
$-14.4M
Free Cash FlowOCF − Capex
$16.8M
$-16.1M
FCF MarginFCF / Revenue
14.7%
-27.8%
Capex IntensityCapex / Revenue
1.8%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.1M
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESOA
ESOA
INDI
INDI
Q4 25
$18.8M
$-14.4M
Q3 25
$-9.3M
$-6.2M
Q2 25
$3.4M
$-7.6M
Q1 25
$1.1M
$-29.0M
Q4 24
$8.9M
$-6.7M
Q3 24
$-847.5K
$-22.8M
Q2 24
$19.3M
$-19.7M
Q1 24
$-2.7M
$-9.3M
Free Cash Flow
ESOA
ESOA
INDI
INDI
Q4 25
$16.8M
$-16.1M
Q3 25
$-12.0M
$-10.3M
Q2 25
$-582.0K
$-13.6M
Q1 25
$-1.1M
$-31.4M
Q4 24
$6.0M
$-8.6M
Q3 24
$-2.9M
$-29.3M
Q2 24
$16.3M
$-23.4M
Q1 24
$-4.9M
$-11.7M
FCF Margin
ESOA
ESOA
INDI
INDI
Q4 25
14.7%
-27.8%
Q3 25
-9.3%
-19.2%
Q2 25
-0.6%
-26.4%
Q1 25
-1.4%
-58.0%
Q4 24
5.9%
-14.8%
Q3 24
-2.8%
-54.3%
Q2 24
18.9%
-44.7%
Q1 24
-6.9%
-22.3%
Capex Intensity
ESOA
ESOA
INDI
INDI
Q4 25
1.8%
3.0%
Q3 25
2.1%
7.8%
Q2 25
3.9%
11.6%
Q1 25
2.9%
4.4%
Q4 24
2.9%
3.2%
Q3 24
2.0%
12.1%
Q2 24
3.6%
7.0%
Q1 24
3.1%
4.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESOA
ESOA

Electricals Mechanical And General$49.4M43%
Gas And Petroleum Transmission$24.1M21%
Cost Plus And TM Contracts$23.3M20%
Transferred At Point In Time$17.9M16%

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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