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Side-by-side financial comparison of Hour Loop, Inc (HOUR) 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 $56.1M, roughly 1.1× Hour Loop, Inc). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -1.2%, a 29.8% gap on every dollar of revenue. Over the past eight quarters, Hour Loop, Inc's revenue compounded faster (50.7% CAGR vs 2.1%).
Hour Loop, Inc. is an e-commerce retail company that offers a diverse portfolio of products including home goods, apparel, toys, electronics accessories, and daily consumer essentials. It primarily operates through leading third-party online marketplaces, with its core customer base concentrated in North America, focusing on delivering affordable, high-value daily products to mass consumers.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
HOUR vs IBCP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $56.1M | $58.9M |
| Net Profit | $-657.3K | $16.9M |
| Gross Margin | 49.6% | — |
| Operating Margin | -1.5% | — |
| Net Margin | -1.2% | 28.6% |
| Revenue YoY | 3.0% | — |
| Net Profit YoY | 57.0% | 8.2% |
| EPS (diluted) | $-0.02 | $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 | $56.1M | $58.3M | ||
| Q3 25 | $33.4M | $57.3M | ||
| Q2 25 | $27.1M | $55.9M | ||
| Q1 25 | $25.8M | $54.1M | ||
| Q4 24 | $54.4M | $62.0M | ||
| Q3 24 | $31.1M | $51.4M | ||
| Q2 24 | $28.1M | $56.5M |
| Q1 26 | — | $16.9M | ||
| Q4 25 | $-657.3K | $18.6M | ||
| Q3 25 | $530.6K | $17.5M | ||
| Q2 25 | $1.2M | $16.9M | ||
| Q1 25 | $654.5K | $15.6M | ||
| Q4 24 | $-1.5M | $18.5M | ||
| Q3 24 | $469.6K | $13.8M | ||
| Q2 24 | $649.1K | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | 49.6% | — | ||
| Q3 25 | 51.4% | — | ||
| Q2 25 | 57.2% | — | ||
| Q1 25 | 54.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 54.8% | — | ||
| Q2 24 | 55.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.5% | 34.8% | ||
| Q3 25 | 2.2% | 37.0% | ||
| Q2 25 | 6.0% | 37.0% | ||
| Q1 25 | 3.6% | 35.3% | ||
| Q4 24 | -4.5% | 36.7% | ||
| Q3 24 | 2.3% | 33.7% | ||
| Q2 24 | 3.3% | 41.0% |
| Q1 26 | — | 28.6% | ||
| Q4 25 | -1.2% | 31.8% | ||
| Q3 25 | 1.6% | 30.5% | ||
| Q2 25 | 4.3% | 30.2% | ||
| Q1 25 | 2.5% | 28.8% | ||
| Q4 24 | -2.8% | 29.8% | ||
| Q3 24 | 1.5% | 26.9% | ||
| Q2 24 | 2.3% | 32.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.02 | $0.88 | ||
| Q3 25 | $0.01 | $0.84 | ||
| Q2 25 | $0.04 | $0.81 | ||
| Q1 25 | $0.02 | $0.74 | ||
| Q4 24 | $-0.04 | $0.87 | ||
| Q3 24 | $0.01 | $0.65 | ||
| Q2 24 | $0.02 | $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 | — | $174.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.0M | $510.6M |
| Total Assets | $23.8M | $5.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.9M | ||
| Q4 25 | — | $138.4M | ||
| Q3 25 | — | $208.7M | ||
| Q2 25 | — | $146.2M | ||
| Q1 25 | — | $128.1M | ||
| Q4 24 | — | $119.9M | ||
| Q3 24 | — | $121.6M | ||
| Q2 24 | — | $214.3M |
| Q1 26 | — | $510.6M | ||
| Q4 25 | $7.0M | $503.0M | ||
| Q3 25 | $7.7M | $490.7M | ||
| Q2 25 | $7.2M | $469.3M | ||
| Q1 25 | $5.8M | $467.3M | ||
| Q4 24 | $5.2M | $454.7M | ||
| Q3 24 | $6.7M | $452.4M | ||
| Q2 24 | $6.2M | $430.5M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $23.8M | $5.5B | ||
| Q3 25 | $31.6M | $5.5B | ||
| Q2 25 | $23.0M | $5.4B | ||
| Q1 25 | $19.1M | $5.3B | ||
| Q4 24 | $20.0M | $5.3B | ||
| Q3 24 | $32.4M | $5.3B | ||
| Q2 24 | $20.2M | $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 | $3.0M | — |
| Free Cash FlowOCF − Capex | $3.0M | — |
| FCF MarginFCF / Revenue | 5.3% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $76.7M | ||
| Q3 25 | $500.4K | $18.2M | ||
| Q2 25 | $-901.5K | $19.0M | ||
| Q1 25 | $-23.9K | $31.7M | ||
| Q4 24 | $1.5M | $63.2M | ||
| Q3 24 | $-2.2M | $17.2M | ||
| Q2 24 | $456.2K | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $70.2M | ||
| Q3 25 | $449.3K | $16.5M | ||
| Q2 25 | $-901.6K | $16.7M | ||
| Q1 25 | $-24.6K | $30.6M | ||
| Q4 24 | $1.5M | $55.2M | ||
| Q3 24 | $-2.2M | $15.7M | ||
| Q2 24 | $439.4K | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 120.3% | ||
| Q3 25 | 1.3% | 28.9% | ||
| Q2 25 | -3.3% | 29.8% | ||
| Q1 25 | -0.1% | 56.5% | ||
| Q4 24 | 2.8% | 89.1% | ||
| Q3 24 | -7.0% | 30.6% | ||
| Q2 24 | 1.6% | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 11.1% | ||
| Q3 25 | 0.2% | 2.9% | ||
| Q2 25 | 0.0% | 4.1% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.0% | 12.8% | ||
| Q3 24 | 0.0% | 2.9% | ||
| Q2 24 | 0.1% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.13× | ||
| Q3 25 | 0.94× | 1.04× | ||
| Q2 25 | -0.77× | 1.12× | ||
| Q1 25 | -0.04× | 2.03× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | -4.64× | 1.25× | ||
| Q2 24 | 0.70× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HOUR
Segment breakdown not available.
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
