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Side-by-side financial comparison of HARTE HANKS INC (HHS) 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 $39.9M, roughly 1.5× HARTE HANKS INC). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs 5.5%, a 23.1% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -6.4%).
Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
HHS vs IBCP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $39.9M | $58.9M |
| Net Profit | $2.2M | $16.9M |
| Gross Margin | — | — |
| Operating Margin | -0.3% | — |
| Net Margin | 5.5% | 28.6% |
| Revenue YoY | -15.4% | — |
| Net Profit YoY | — | 8.2% |
| EPS (diluted) | $0.30 | $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 | $39.9M | $58.3M | ||
| Q3 25 | $39.5M | $57.3M | ||
| Q2 25 | $38.6M | $55.9M | ||
| Q1 25 | $41.6M | $54.1M | ||
| Q4 24 | $47.1M | $62.0M | ||
| Q3 24 | $47.6M | $51.4M | ||
| Q2 24 | $45.0M | $56.5M |
| Q1 26 | — | $16.9M | ||
| Q4 25 | $2.2M | $18.6M | ||
| Q3 25 | $-2.3M | $17.5M | ||
| Q2 25 | $-335.0K | $16.9M | ||
| Q1 25 | $-392.0K | $15.6M | ||
| Q4 24 | — | $18.5M | ||
| Q3 24 | $142.0K | $13.8M | ||
| Q2 24 | $-27.8M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | 34.8% | ||
| Q3 25 | 1.3% | 37.0% | ||
| Q2 25 | 0.1% | 37.0% | ||
| Q1 25 | -0.1% | 35.3% | ||
| Q4 24 | -3.3% | 36.7% | ||
| Q3 24 | 4.0% | 33.7% | ||
| Q2 24 | 3.0% | 41.0% |
| Q1 26 | — | 28.6% | ||
| Q4 25 | 5.5% | 31.8% | ||
| Q3 25 | -5.8% | 30.5% | ||
| Q2 25 | -0.9% | 30.2% | ||
| Q1 25 | -0.9% | 28.8% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | 0.3% | 26.9% | ||
| Q2 24 | -61.8% | 32.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $0.30 | $0.88 | ||
| Q3 25 | $-0.31 | $0.84 | ||
| Q2 25 | $-0.05 | $0.81 | ||
| Q1 25 | $-0.05 | $0.74 | ||
| Q4 24 | $-0.31 | $0.87 | ||
| Q3 24 | $0.02 | $0.65 | ||
| Q2 24 | $-3.84 | $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 | $5.6M | $174.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $20.5M | $510.6M |
| Total Assets | $91.8M | $5.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.9M | ||
| Q4 25 | $5.6M | $138.4M | ||
| Q3 25 | $6.5M | $208.7M | ||
| Q2 25 | $4.8M | $146.2M | ||
| Q1 25 | $9.0M | $128.1M | ||
| Q4 24 | $9.8M | $119.9M | ||
| Q3 24 | $5.9M | $121.6M | ||
| Q2 24 | $11.0M | $214.3M |
| Q1 26 | — | $510.6M | ||
| Q4 25 | $20.5M | $503.0M | ||
| Q3 25 | $19.9M | $490.7M | ||
| Q2 25 | $22.2M | $469.3M | ||
| Q1 25 | $21.4M | $467.3M | ||
| Q4 24 | $21.7M | $454.7M | ||
| Q3 24 | $21.0M | $452.4M | ||
| Q2 24 | $20.6M | $430.5M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $91.8M | $5.5B | ||
| Q3 25 | $92.7M | $5.5B | ||
| Q2 25 | $95.0M | $5.4B | ||
| Q1 25 | $100.6M | $5.3B | ||
| Q4 24 | $101.8M | $5.3B | ||
| Q3 24 | $108.1M | $5.3B | ||
| Q2 24 | $109.7M | $5.3B |
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 | $737.0K | — |
| Free Cash FlowOCF − Capex | $-686.0K | — |
| FCF MarginFCF / Revenue | -1.7% | — |
| Capex IntensityCapex / Revenue | 3.6% | — |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $737.0K | $76.7M | ||
| Q3 25 | $3.2M | $18.2M | ||
| Q2 25 | $-4.8M | $19.0M | ||
| Q1 25 | $-818.0K | $31.7M | ||
| Q4 24 | $4.0M | $63.2M | ||
| Q3 24 | $-2.9M | $17.2M | ||
| Q2 24 | $1.6M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-686.0K | $70.2M | ||
| Q3 25 | $2.2M | $16.5M | ||
| Q2 25 | $-5.1M | $16.7M | ||
| Q1 25 | $-923.0K | $30.6M | ||
| Q4 24 | $3.4M | $55.2M | ||
| Q3 24 | $-4.9M | $15.7M | ||
| Q2 24 | $926.0K | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.7% | 120.3% | ||
| Q3 25 | 5.5% | 28.9% | ||
| Q2 25 | -13.1% | 29.8% | ||
| Q1 25 | -2.2% | 56.5% | ||
| Q4 24 | 7.3% | 89.1% | ||
| Q3 24 | -10.2% | 30.6% | ||
| Q2 24 | 2.1% | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.6% | 11.1% | ||
| Q3 25 | 2.5% | 2.9% | ||
| Q2 25 | 0.6% | 4.1% | ||
| Q1 25 | 0.3% | 2.1% | ||
| Q4 24 | 1.3% | 12.8% | ||
| Q3 24 | 4.0% | 2.9% | ||
| Q2 24 | 1.5% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 4.13× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | -20.76× | 1.25× | ||
| Q2 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
