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Side-by-side financial comparison of GoPro, Inc. (GPRO) 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 $201.7M, roughly 1.1× GoPro, Inc.). On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 0.4%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $15.0M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs 13.9%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
GPRO vs INDB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $212.5M |
| Net Profit | — | $75.3M |
| Gross Margin | 31.8% | — |
| Operating Margin | -4.1% | — |
| Net Margin | — | 35.5% |
| Revenue YoY | 0.4% | 46.9% |
| Net Profit YoY | — | 50.6% |
| EPS (diluted) | $-0.06 | $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 | $201.7M | $212.5M | ||
| Q3 25 | $162.9M | $203.3M | ||
| Q2 25 | $152.6M | $147.5M | ||
| Q1 25 | $134.3M | $145.5M | ||
| Q4 24 | $200.9M | $144.7M | ||
| Q3 24 | $258.9M | $141.7M | ||
| Q2 24 | $186.2M | $137.9M | ||
| Q1 24 | $155.5M | $137.4M |
| Q4 25 | — | $75.3M | ||
| Q3 25 | $-21.3M | $34.3M | ||
| Q2 25 | $-16.4M | $51.1M | ||
| Q1 25 | $-46.7M | $44.4M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | $-8.2M | $42.9M | ||
| Q2 24 | $-47.8M | $51.3M | ||
| Q1 24 | $-339.1M | $47.8M |
| Q4 25 | 31.8% | — | ||
| Q3 25 | 35.1% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 32.1% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 35.5% | — | ||
| Q2 24 | 30.5% | — | ||
| Q1 24 | 34.1% | — |
| Q4 25 | -4.1% | — | ||
| Q3 25 | -9.8% | 21.8% | ||
| Q2 25 | -9.2% | 44.6% | ||
| Q1 25 | -33.7% | 39.3% | ||
| Q4 24 | -19.5% | — | ||
| Q3 24 | -3.1% | 39.0% | ||
| Q2 24 | -25.0% | 48.1% | ||
| Q1 24 | -26.6% | 45.5% |
| Q4 25 | — | 35.5% | ||
| Q3 25 | -13.0% | 16.8% | ||
| Q2 25 | -10.8% | 34.6% | ||
| Q1 25 | -34.8% | 30.5% | ||
| Q4 24 | — | 34.6% | ||
| Q3 24 | -3.2% | 30.3% | ||
| Q2 24 | -25.7% | 37.2% | ||
| Q1 24 | -218.1% | 34.8% |
| Q4 25 | $-0.06 | $1.51 | ||
| Q3 25 | $-0.13 | $0.69 | ||
| Q2 25 | $-0.10 | $1.20 | ||
| Q1 25 | $-0.30 | $1.04 | ||
| Q4 24 | $-0.22 | $1.18 | ||
| Q3 24 | $-0.05 | $1.01 | ||
| Q2 24 | $-0.31 | $1.21 | ||
| Q1 24 | $-2.24 | $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 | $49.7M | — |
| Total DebtLower is stronger | $44.3M | — |
| Stockholders' EquityBook value | $76.5M | $3.6B |
| Total Assets | $428.0M | $24.9B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | — | ||
| Q3 25 | $152.8M | — | ||
| Q2 25 | $58.6M | — | ||
| Q1 25 | $69.6M | — | ||
| Q4 24 | $102.8M | — | ||
| Q3 24 | $130.2M | — | ||
| Q2 24 | $133.0M | — | ||
| Q1 24 | $133.7M | — |
| Q4 25 | $44.3M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $93.1M | — | ||
| Q2 24 | $92.9M | — | ||
| Q1 24 | $92.7M | — |
| Q4 25 | $76.5M | $3.6B | ||
| Q3 25 | $80.5M | $3.5B | ||
| Q2 25 | $97.9M | $3.1B | ||
| Q1 25 | $110.0M | $3.0B | ||
| Q4 24 | $151.7M | $3.0B | ||
| Q3 24 | $183.9M | $3.0B | ||
| Q2 24 | $184.7M | $2.9B | ||
| Q1 24 | $224.9M | $2.9B |
| Q4 25 | $428.0M | $24.9B | ||
| Q3 25 | $538.6M | $25.0B | ||
| Q2 25 | $439.0M | $20.0B | ||
| Q1 25 | $462.5M | $19.9B | ||
| Q4 24 | $543.7M | $19.4B | ||
| Q3 24 | $661.6M | $19.4B | ||
| Q2 24 | $556.8M | $19.4B | ||
| Q1 24 | $575.8M | $19.3B |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.41× | — |
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 | $15.6M | $78.9M |
| Free Cash FlowOCF − Capex | $15.0M | $75.5M |
| FCF MarginFCF / Revenue | 7.4% | 35.5% |
| Capex IntensityCapex / Revenue | 0.3% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $78.9M | ||
| Q3 25 | $12.2M | $52.2M | ||
| Q2 25 | $8.8M | $106.7M | ||
| Q1 25 | $-57.2M | $13.3M | ||
| Q4 24 | $-25.1M | $42.9M | ||
| Q3 24 | $-2.2M | $70.2M | ||
| Q2 24 | $605.0K | $65.6M | ||
| Q1 24 | $-98.4M | $51.1M |
| Q4 25 | $15.0M | $75.5M | ||
| Q3 25 | $11.2M | $49.7M | ||
| Q2 25 | $8.3M | $102.5M | ||
| Q1 25 | $-58.5M | $11.3M | ||
| Q4 24 | $-25.5M | $36.5M | ||
| Q3 24 | $-4.2M | $64.4M | ||
| Q2 24 | $-111.0K | $61.9M | ||
| Q1 24 | $-99.4M | $46.7M |
| Q4 25 | 7.4% | 35.5% | ||
| Q3 25 | 6.9% | 24.4% | ||
| Q2 25 | 5.4% | 69.5% | ||
| Q1 25 | -43.5% | 7.8% | ||
| Q4 24 | -12.7% | 25.2% | ||
| Q3 24 | -1.6% | 45.4% | ||
| Q2 24 | -0.1% | 44.9% | ||
| Q1 24 | -63.9% | 34.0% |
| Q4 25 | 0.3% | 1.6% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.3% | 2.9% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 0.2% | 4.4% | ||
| Q3 24 | 0.8% | 4.1% | ||
| Q2 24 | 0.4% | 2.7% | ||
| Q1 24 | 0.6% | 3.2% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 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.
Revenue Breakdown by Segment
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
INDB
Segment breakdown not available.
