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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and KFORCE INC (KFRC). Click either name above to swap in a different company.
KFORCE INC is the larger business by last-quarter revenue ($330.4M vs $212.5M, roughly 1.6× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs 2.4%, a 33.1% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 0.1%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-7.4M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs -3.7%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Kforce Inc. is a professional staffing and solutions firm headquartered in the United States. It provides skilled professional placements and specialized workforce solutions primarily across technology, finance & accounting, and healthcare segments, serving a wide range of mid-sized to large enterprise clients nationwide.
INDB vs KFRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $330.4M |
| Net Profit | $75.3M | $7.9M |
| Gross Margin | — | 27.3% |
| Operating Margin | — | 3.6% |
| Net Margin | 35.5% | 2.4% |
| Revenue YoY | 46.9% | 0.1% |
| Net Profit YoY | 50.6% | -2.7% |
| EPS (diluted) | $1.51 | $0.46 |
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 | — | $330.4M | ||
| Q4 25 | $212.5M | $332.0M | ||
| Q3 25 | $203.3M | $332.6M | ||
| Q2 25 | $147.5M | $334.3M | ||
| Q1 25 | $145.5M | $330.0M | ||
| Q4 24 | $144.7M | $343.8M | ||
| Q3 24 | $141.7M | $353.3M | ||
| Q2 24 | $137.9M | $356.3M |
| Q1 26 | — | $7.9M | ||
| Q4 25 | $75.3M | $5.2M | ||
| Q3 25 | $34.3M | $11.1M | ||
| Q2 25 | $51.1M | $10.4M | ||
| Q1 25 | $44.4M | $8.1M | ||
| Q4 24 | $50.0M | $11.1M | ||
| Q3 24 | $42.9M | $14.2M | ||
| Q2 24 | $51.3M | $14.2M |
| Q1 26 | — | 27.3% | ||
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 27.7% | ||
| Q2 25 | — | 27.1% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 27.8% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 21.8% | 4.5% | ||
| Q2 25 | 44.6% | 4.5% | ||
| Q1 25 | 39.3% | 3.5% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 39.0% | 5.3% | ||
| Q2 24 | 48.1% | 5.5% |
| Q1 26 | — | 2.4% | ||
| Q4 25 | 35.5% | 1.6% | ||
| Q3 25 | 16.8% | 3.3% | ||
| Q2 25 | 34.6% | 3.1% | ||
| Q1 25 | 30.5% | 2.5% | ||
| Q4 24 | 34.6% | 3.2% | ||
| Q3 24 | 30.3% | 4.0% | ||
| Q2 24 | 37.2% | 4.0% |
| Q1 26 | — | $0.46 | ||
| Q4 25 | $1.51 | $0.29 | ||
| Q3 25 | $0.69 | $0.63 | ||
| Q2 25 | $1.20 | $0.59 | ||
| Q1 25 | $1.04 | $0.45 | ||
| Q4 24 | $1.18 | $0.60 | ||
| Q3 24 | $1.01 | $0.75 | ||
| Q2 24 | $1.21 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $117.4M |
| Total Assets | $24.9B | $384.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | — | $2.1M | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | — | $444.0K | ||
| Q4 24 | — | $349.0K | ||
| Q3 24 | — | $127.0K | ||
| Q2 24 | — | $110.0K |
| Q1 26 | — | $117.4M | ||
| Q4 25 | $3.6B | $124.6M | ||
| Q3 25 | $3.5B | $132.1M | ||
| Q2 25 | $3.1B | $134.4M | ||
| Q1 25 | $3.0B | $138.0M | ||
| Q4 24 | $3.0B | $154.6M | ||
| Q3 24 | $3.0B | $167.4M | ||
| Q2 24 | $2.9B | $166.6M |
| Q1 26 | — | $384.8M | ||
| Q4 25 | $24.9B | $365.6M | ||
| Q3 25 | $25.0B | $374.2M | ||
| Q2 25 | $20.0B | $373.6M | ||
| Q1 25 | $19.9B | $368.2M | ||
| Q4 24 | $19.4B | $357.8M | ||
| Q3 24 | $19.4B | $369.9M | ||
| Q2 24 | $19.4B | $362.7M |
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 | $78.9M | — |
| Free Cash FlowOCF − Capex | $75.5M | $-7.4M |
| FCF MarginFCF / Revenue | 35.5% | -2.2% |
| Capex IntensityCapex / Revenue | 1.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $78.9M | $19.7M | ||
| Q3 25 | $52.2M | $23.3M | ||
| Q2 25 | $106.7M | $18.4M | ||
| Q1 25 | $13.3M | $249.0K | ||
| Q4 24 | $42.9M | $21.8M | ||
| Q3 24 | $70.2M | $31.0M | ||
| Q2 24 | $65.6M | $20.9M |
| Q1 26 | — | $-7.4M | ||
| Q4 25 | $75.5M | $16.7M | ||
| Q3 25 | $49.7M | $19.8M | ||
| Q2 25 | $102.5M | $14.2M | ||
| Q1 25 | $11.3M | $-3.9M | ||
| Q4 24 | $36.5M | $20.9M | ||
| Q3 24 | $64.4M | $27.5M | ||
| Q2 24 | $61.9M | $17.8M |
| Q1 26 | — | -2.2% | ||
| Q4 25 | 35.5% | 5.0% | ||
| Q3 25 | 24.4% | 6.0% | ||
| Q2 25 | 69.5% | 4.3% | ||
| Q1 25 | 7.8% | -1.2% | ||
| Q4 24 | 25.2% | 6.1% | ||
| Q3 24 | 45.4% | 7.8% | ||
| Q2 24 | 44.9% | 5.0% |
| Q1 26 | — | 1.0% | ||
| Q4 25 | 1.6% | 0.9% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 2.9% | 1.2% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 4.4% | 0.3% | ||
| Q3 24 | 4.1% | 1.0% | ||
| Q2 24 | 2.7% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | 3.82× | ||
| Q3 25 | 1.52× | 2.11× | ||
| Q2 25 | 2.09× | 1.76× | ||
| Q1 25 | 0.30× | 0.03× | ||
| Q4 24 | 0.86× | 1.97× | ||
| Q3 24 | 1.64× | 2.18× | ||
| Q2 24 | 1.28× | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
