vs
Side-by-side financial comparison of GCI Liberty, Inc. (GLIBA) and INDEPENDENT BANK CORP (INDB). Click either name above to swap in a different company.
GCI Liberty, Inc. is the larger business by last-quarter revenue ($257.0M vs $212.5M, roughly 1.2× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -150.6%, a 186.0% gap on every dollar of revenue. INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $21.0M).
GCI Communication Corp (GCI) is a telecommunications corporation operating in Alaska. Through its own facilities and agreements with other providers, GCI provides Internet access, landline, and cellular telephone service. It is a subsidiary of GCI Liberty, Inc.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
GLIBA vs INDB — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $257.0M | $212.5M |
| Net Profit | $-387.0M | $75.3M |
| Gross Margin | — | — |
| Operating Margin | -189.9% | — |
| Net Margin | -150.6% | 35.5% |
| Revenue YoY | — | 46.9% |
| Net Profit YoY | — | 50.6% |
| EPS (diluted) | $-13.34 | $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 | — | $212.5M | ||
| Q3 25 | $257.0M | $203.3M | ||
| Q2 25 | $261.0M | $147.5M | ||
| Q1 25 | — | $145.5M | ||
| Q4 24 | — | $144.7M | ||
| Q3 24 | — | $141.7M | ||
| Q2 24 | — | $137.9M | ||
| Q1 24 | — | $137.4M |
| Q4 25 | — | $75.3M | ||
| Q3 25 | $-387.0M | $34.3M | ||
| Q2 25 | $27.0M | $51.1M | ||
| Q1 25 | — | $44.4M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | $42.9M | ||
| Q2 24 | — | $51.3M | ||
| Q1 24 | — | $47.8M |
| Q4 25 | — | — | ||
| Q3 25 | -189.9% | 21.8% | ||
| Q2 25 | 19.5% | 44.6% | ||
| Q1 25 | — | 39.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 45.5% |
| Q4 25 | — | 35.5% | ||
| Q3 25 | -150.6% | 16.8% | ||
| Q2 25 | 10.3% | 34.6% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 34.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | — | $1.51 | ||
| Q3 25 | $-13.34 | $0.69 | ||
| Q2 25 | — | $1.20 | ||
| Q1 25 | — | $1.04 | ||
| Q4 24 | — | $1.18 | ||
| Q3 24 | — | $1.01 | ||
| Q2 24 | — | $1.21 | ||
| Q1 24 | — | $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 | $124.0M | — |
| Total DebtLower is stronger | $985.0M | — |
| Stockholders' EquityBook value | $1.4B | $3.6B |
| Total Assets | $3.0B | $24.9B |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $124.0M | — | ||
| Q2 25 | $104.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | $985.0M | — | ||
| Q2 25 | $987.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $1.4B | $3.5B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | — | $24.9B | ||
| Q3 25 | $3.0B | $25.0B | ||
| Q2 25 | $3.4B | $20.0B | ||
| Q1 25 | — | $19.9B | ||
| Q4 24 | — | $19.4B | ||
| Q3 24 | — | $19.4B | ||
| Q2 24 | — | $19.4B | ||
| Q1 24 | — | $19.3B |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $76.0M | $78.9M |
| Free Cash FlowOCF − Capex | $21.0M | $75.5M |
| FCF MarginFCF / Revenue | 8.2% | 35.5% |
| Capex IntensityCapex / Revenue | 21.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $78.9M | ||
| Q3 25 | $76.0M | $52.2M | ||
| Q2 25 | $226.0M | $106.7M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | — | $42.9M | ||
| Q3 24 | — | $70.2M | ||
| Q2 24 | — | $65.6M | ||
| Q1 24 | — | $51.1M |
| Q4 25 | — | $75.5M | ||
| Q3 25 | $21.0M | $49.7M | ||
| Q2 25 | $107.0M | $102.5M | ||
| Q1 25 | — | $11.3M | ||
| Q4 24 | — | $36.5M | ||
| Q3 24 | — | $64.4M | ||
| Q2 24 | — | $61.9M | ||
| Q1 24 | — | $46.7M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | 8.2% | 24.4% | ||
| Q2 25 | 41.0% | 69.5% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 44.9% | ||
| Q1 24 | — | 34.0% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 21.4% | 1.2% | ||
| Q2 25 | 45.6% | 2.9% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | 8.37× | 2.09× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
