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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and Life360, Inc. (LIF). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($212.5M vs $146.0M, roughly 1.5× Life360, Inc.). Life360, Inc. runs the higher net margin — 88.8% vs 35.5%, a 53.4% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 26.4%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $36.6M). Over the past eight quarters, Life360, Inc.'s revenue compounded faster (36.6% CAGR vs 24.3%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Life360, Inc. develops family-focused safety and connectivity platforms. Core offerings include real-time location sharing, emergency alerts, driving behavior analysis tools and identity theft protection. It serves consumer markets across North America, Europe and Asia-Pacific, with most revenue from tiered premium subscription plans.
INDB vs LIF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $146.0M |
| Net Profit | $75.3M | $129.7M |
| Gross Margin | — | 75.1% |
| Operating Margin | — | 6.1% |
| Net Margin | 35.5% | 88.8% |
| Revenue YoY | 46.9% | 26.4% |
| Net Profit YoY | 50.6% | 1425.9% |
| EPS (diluted) | $1.51 | $1.53 |
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 | $212.5M | $146.0M | ||
| Q3 25 | $203.3M | $124.5M | ||
| Q2 25 | $147.5M | $115.4M | ||
| Q1 25 | $145.5M | $103.6M | ||
| Q4 24 | $144.7M | $115.5M | ||
| Q3 24 | $141.7M | $92.9M | ||
| Q2 24 | $137.9M | $84.9M | ||
| Q1 24 | $137.4M | $78.2M |
| Q4 25 | $75.3M | $129.7M | ||
| Q3 25 | $34.3M | $9.8M | ||
| Q2 25 | $51.1M | $7.0M | ||
| Q1 25 | $44.4M | $4.4M | ||
| Q4 24 | $50.0M | $8.5M | ||
| Q3 24 | $42.9M | $7.7M | ||
| Q2 24 | $51.3M | $-11.0M | ||
| Q1 24 | $47.8M | $-9.8M |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 78.0% | ||
| Q2 25 | — | 78.4% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 74.0% | ||
| Q3 24 | — | 75.4% | ||
| Q2 24 | — | 75.0% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | — | 6.1% | ||
| Q3 25 | 21.8% | 4.6% | ||
| Q2 25 | 44.6% | 1.7% | ||
| Q1 25 | 39.3% | 2.1% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | 39.0% | -5.3% | ||
| Q2 24 | 48.1% | -2.8% | ||
| Q1 24 | 45.5% | -8.2% |
| Q4 25 | 35.5% | 88.8% | ||
| Q3 25 | 16.8% | 7.9% | ||
| Q2 25 | 34.6% | 6.1% | ||
| Q1 25 | 30.5% | 4.2% | ||
| Q4 24 | 34.6% | 7.4% | ||
| Q3 24 | 30.3% | 8.3% | ||
| Q2 24 | 37.2% | -12.9% | ||
| Q1 24 | 34.8% | -12.5% |
| Q4 25 | $1.51 | $1.53 | ||
| Q3 25 | $0.69 | $0.11 | ||
| Q2 25 | $1.20 | $0.08 | ||
| Q1 25 | $1.04 | $0.05 | ||
| Q4 24 | $1.18 | $0.14 | ||
| Q3 24 | $1.01 | $0.09 | ||
| Q2 24 | $1.21 | $-0.15 | ||
| Q1 24 | $1.12 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $494.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $548.2M |
| Total Assets | $24.9B | $959.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $494.3M | ||
| Q3 25 | — | $455.7M | ||
| Q2 25 | — | $432.7M | ||
| Q1 25 | — | $168.9M | ||
| Q4 24 | — | $159.2M | ||
| Q3 24 | — | $159.0M | ||
| Q2 24 | — | $160.8M | ||
| Q1 24 | — | $73.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $5.2M |
| Q4 25 | $3.6B | $548.2M | ||
| Q3 25 | $3.5B | $391.4M | ||
| Q2 25 | $3.1B | $366.7M | ||
| Q1 25 | $3.0B | $376.3M | ||
| Q4 24 | $3.0B | $358.5M | ||
| Q3 24 | $3.0B | $339.7M | ||
| Q2 24 | $2.9B | $326.7M | ||
| Q1 24 | $2.9B | $239.8M |
| Q4 25 | $24.9B | $959.7M | ||
| Q3 25 | $25.0B | $787.5M | ||
| Q2 25 | $20.0B | $753.6M | ||
| Q1 25 | $19.9B | $455.4M | ||
| Q4 24 | $19.4B | $441.6M | ||
| Q3 24 | $19.4B | $427.4M | ||
| Q2 24 | $19.4B | $405.9M | ||
| Q1 24 | $19.3B | $318.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.02× |
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 | $36.8M |
| Free Cash FlowOCF − Capex | $75.5M | $36.6M |
| FCF MarginFCF / Revenue | 35.5% | 25.1% |
| Capex IntensityCapex / Revenue | 1.6% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.05× | 0.28× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $86.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $36.8M | ||
| Q3 25 | $52.2M | $26.4M | ||
| Q2 25 | $106.7M | $13.3M | ||
| Q1 25 | $13.3M | $12.1M | ||
| Q4 24 | $42.9M | $12.3M | ||
| Q3 24 | $70.2M | $6.3M | ||
| Q2 24 | $65.6M | $3.3M | ||
| Q1 24 | $51.1M | $10.7M |
| Q4 25 | $75.5M | $36.6M | ||
| Q3 25 | $49.7M | $25.6M | ||
| Q2 25 | $102.5M | $12.7M | ||
| Q1 25 | $11.3M | $11.9M | ||
| Q4 24 | $36.5M | $11.2M | ||
| Q3 24 | $64.4M | $6.3M | ||
| Q2 24 | $61.9M | $3.2M | ||
| Q1 24 | $46.7M | — |
| Q4 25 | 35.5% | 25.1% | ||
| Q3 25 | 24.4% | 20.6% | ||
| Q2 25 | 69.5% | 11.0% | ||
| Q1 25 | 7.8% | 11.5% | ||
| Q4 24 | 25.2% | 9.7% | ||
| Q3 24 | 45.4% | 6.8% | ||
| Q2 24 | 44.9% | 3.8% | ||
| Q1 24 | 34.0% | — |
| Q4 25 | 1.6% | 0.2% | ||
| Q3 25 | 1.2% | 0.6% | ||
| Q2 25 | 2.9% | 0.6% | ||
| Q1 25 | 1.4% | 0.1% | ||
| Q4 24 | 4.4% | 1.0% | ||
| Q3 24 | 4.1% | 0.0% | ||
| Q2 24 | 2.7% | 0.1% | ||
| Q1 24 | 3.2% | 0.0% |
| Q4 25 | 1.05× | 0.28× | ||
| Q3 25 | 1.52× | 2.70× | ||
| Q2 25 | 2.09× | 1.90× | ||
| Q1 25 | 0.30× | 2.75× | ||
| Q4 24 | 0.86× | 1.45× | ||
| Q3 24 | 1.64× | 0.83× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
