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Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.
PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $58.9M, roughly 1.4× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -38.1%, a 66.7% gap on every dollar of revenue. Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% CAGR vs 2.1%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.
IBCP vs PRCT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $83.1M |
| Net Profit | $16.9M | $-31.6M |
| Gross Margin | — | 64.9% |
| Operating Margin | — | -4.1% |
| Net Margin | 28.6% | -38.1% |
| Revenue YoY | — | 20.2% |
| Net Profit YoY | 8.2% | -27.9% |
| EPS (diluted) | $0.81 | $-0.56 |
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 | $83.1M | ||
| Q4 25 | $58.3M | $76.4M | ||
| Q3 25 | $57.3M | $83.3M | ||
| Q2 25 | $55.9M | $79.2M | ||
| Q1 25 | $54.1M | $69.2M | ||
| Q4 24 | $62.0M | $68.2M | ||
| Q3 24 | $51.4M | $58.4M | ||
| Q2 24 | $56.5M | $53.4M |
| Q1 26 | $16.9M | $-31.6M | ||
| Q4 25 | $18.6M | $-29.8M | ||
| Q3 25 | $17.5M | $-21.4M | ||
| Q2 25 | $16.9M | $-19.6M | ||
| Q1 25 | $15.6M | $-24.7M | ||
| Q4 24 | $18.5M | $-18.9M | ||
| Q3 24 | $13.8M | $-21.0M | ||
| Q2 24 | $18.5M | $-25.6M |
| Q1 26 | — | 64.9% | ||
| Q4 25 | — | 60.6% | ||
| Q3 25 | — | 64.8% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 63.9% | ||
| Q4 24 | — | 64.0% | ||
| Q3 24 | — | 63.2% | ||
| Q2 24 | — | 59.0% |
| Q1 26 | — | -4.1% | ||
| Q4 25 | 34.8% | -40.6% | ||
| Q3 25 | 37.0% | -27.8% | ||
| Q2 25 | 37.0% | -28.0% | ||
| Q1 25 | 35.3% | -39.7% | ||
| Q4 24 | 36.7% | -28.9% | ||
| Q3 24 | 33.7% | -38.4% | ||
| Q2 24 | 41.0% | -50.3% |
| Q1 26 | 28.6% | -38.1% | ||
| Q4 25 | 31.8% | -39.1% | ||
| Q3 25 | 30.5% | -25.7% | ||
| Q2 25 | 30.2% | -24.7% | ||
| Q1 25 | 28.8% | -35.8% | ||
| Q4 24 | 29.8% | -27.6% | ||
| Q3 24 | 26.9% | -35.9% | ||
| Q2 24 | 32.8% | -48.0% |
| Q1 26 | $0.81 | $-0.56 | ||
| Q4 25 | $0.88 | $-0.54 | ||
| Q3 25 | $0.84 | $-0.38 | ||
| Q2 25 | $0.81 | $-0.35 | ||
| Q1 25 | $0.74 | $-0.45 | ||
| Q4 24 | $0.87 | $-0.34 | ||
| Q3 24 | $0.65 | $-0.40 | ||
| Q2 24 | $0.88 | $-0.50 |
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 | $245.6M |
| Total DebtLower is stronger | — | $51.7M |
| Stockholders' EquityBook value | $510.6M | $347.7M |
| Total Assets | $5.6B | $487.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | $245.6M | ||
| Q4 25 | $138.4M | $286.5M | ||
| Q3 25 | $208.7M | $294.3M | ||
| Q2 25 | $146.2M | $302.7M | ||
| Q1 25 | $128.1M | $316.2M | ||
| Q4 24 | $119.9M | $333.7M | ||
| Q3 24 | $121.6M | $196.8M | ||
| Q2 24 | $214.3M | $214.1M |
| Q1 26 | — | $51.7M | ||
| Q4 25 | — | $51.6M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $51.5M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | — | $51.5M | ||
| Q3 24 | — | $51.4M | ||
| Q2 24 | — | $51.4M |
| Q1 26 | $510.6M | $347.7M | ||
| Q4 25 | $503.0M | $365.9M | ||
| Q3 25 | $490.7M | $380.3M | ||
| Q2 25 | $469.3M | $385.8M | ||
| Q1 25 | $467.3M | $389.2M | ||
| Q4 24 | $454.7M | $402.2M | ||
| Q3 24 | $452.4M | $241.2M | ||
| Q2 24 | $430.5M | $251.8M |
| Q1 26 | $5.6B | $487.1M | ||
| Q4 25 | $5.5B | $508.1M | ||
| Q3 25 | $5.5B | $511.5M | ||
| Q2 25 | $5.4B | $513.1M | ||
| Q1 25 | $5.3B | $519.4M | ||
| Q4 24 | $5.3B | $534.0M | ||
| Q3 24 | $5.3B | $374.1M | ||
| Q2 24 | $5.3B | $374.4M |
| Q1 26 | — | 0.15× | ||
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
PRCT
| Handpieces and other consumables | $43.0M | 52% |
| System sales and rentals | $23.4M | 28% |
| Other | $11.1M | 13% |
| Service | $5.6M | 7% |
