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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and OXFORD INDUSTRIES INC (OXM). Click either name above to swap in a different company.
OXFORD INDUSTRIES INC is the larger business by last-quarter revenue ($307.3M vs $212.5M, roughly 1.4× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -20.7%, a 56.2% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs -0.2%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-47.9M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs -3.0%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Oxford Industries, Inc. is a publicly traded clothing company in the United States that specializes in high-end clothing and apparel. The company carries many major labels, including Tommy Bahama, Lilly Pulitzer, Johnny Was and Southern Tide.
INDB vs OXM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $307.3M |
| Net Profit | $75.3M | $-63.7M |
| Gross Margin | — | 60.3% |
| Operating Margin | — | -27.7% |
| Net Margin | 35.5% | -20.7% |
| Revenue YoY | 46.9% | -0.2% |
| Net Profit YoY | 50.6% | -1517.6% |
| EPS (diluted) | $1.51 | $-4.28 |
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 | $307.3M | ||
| Q3 25 | $203.3M | $403.1M | ||
| Q2 25 | $147.5M | $392.9M | ||
| Q1 25 | $145.5M | — | ||
| Q4 24 | $144.7M | $308.0M | ||
| Q3 24 | $141.7M | $419.9M | ||
| Q2 24 | $137.9M | $398.2M | ||
| Q1 24 | $137.4M | $404.4M |
| Q4 25 | $75.3M | $-63.7M | ||
| Q3 25 | $34.3M | $16.7M | ||
| Q2 25 | $51.1M | $26.2M | ||
| Q1 25 | $44.4M | — | ||
| Q4 24 | $50.0M | $-3.9M | ||
| Q3 24 | $42.9M | $40.6M | ||
| Q2 24 | $51.3M | $38.4M | ||
| Q1 24 | $47.8M | $-60.1M |
| Q4 25 | — | 60.3% | ||
| Q3 25 | — | 61.4% | ||
| Q2 25 | — | 64.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 63.1% | ||
| Q3 24 | — | 63.1% | ||
| Q2 24 | — | 64.9% | ||
| Q1 24 | — | 60.9% |
| Q4 25 | — | -27.7% | ||
| Q3 25 | 21.8% | 6.3% | ||
| Q2 25 | 44.6% | 9.2% | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | 39.0% | 12.5% | ||
| Q2 24 | 48.1% | 13.2% | ||
| Q1 24 | 45.5% | -20.1% |
| Q4 25 | 35.5% | -20.7% | ||
| Q3 25 | 16.8% | 4.1% | ||
| Q2 25 | 34.6% | 6.7% | ||
| Q1 25 | 30.5% | — | ||
| Q4 24 | 34.6% | -1.3% | ||
| Q3 24 | 30.3% | 9.7% | ||
| Q2 24 | 37.2% | 9.6% | ||
| Q1 24 | 34.8% | -14.9% |
| Q4 25 | $1.51 | $-4.28 | ||
| Q3 25 | $0.69 | $1.12 | ||
| Q2 25 | $1.20 | $1.70 | ||
| Q1 25 | $1.04 | — | ||
| Q4 24 | $1.18 | $-0.25 | ||
| Q3 24 | $1.01 | $2.57 | ||
| Q2 24 | $1.21 | $2.42 | ||
| Q1 24 | $1.12 | $-3.72 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $528.0M |
| Total Assets | $24.9B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $8.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $18.4M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $29.0M |
| Q4 25 | $3.6B | $528.0M | ||
| Q3 25 | $3.5B | $597.1M | ||
| Q2 25 | $3.1B | $592.4M | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $612.2M | ||
| Q3 24 | $3.0B | $621.6M | ||
| Q2 24 | $2.9B | $592.9M | ||
| Q1 24 | $2.9B | $560.9M |
| Q4 25 | $24.9B | $1.3B | ||
| Q3 25 | $25.0B | $1.3B | ||
| Q2 25 | $20.0B | $1.3B | ||
| Q1 25 | $19.9B | — | ||
| Q4 24 | $19.4B | $1.2B | ||
| Q3 24 | $19.4B | $1.2B | ||
| Q2 24 | $19.4B | $1.2B | ||
| Q1 24 | $19.3B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
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 | $-9.1M |
| Free Cash FlowOCF − Capex | $75.5M | $-47.9M |
| FCF MarginFCF / Revenue | 35.5% | -15.6% |
| Capex IntensityCapex / Revenue | 1.6% | 12.6% |
| Cash ConversionOCF / Net Profit | 1.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $-79.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $-9.1M | ||
| Q3 25 | $52.2M | $83.5M | ||
| Q2 25 | $106.7M | $-3.9M | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $42.9M | $-18.2M | ||
| Q3 24 | $70.2M | $88.8M | ||
| Q2 24 | $65.6M | $32.9M | ||
| Q1 24 | $51.1M | $74.9M |
| Q4 25 | $75.5M | $-47.9M | ||
| Q3 25 | $49.7M | $52.3M | ||
| Q2 25 | $102.5M | $-27.4M | ||
| Q1 25 | $11.3M | — | ||
| Q4 24 | $36.5M | $-56.9M | ||
| Q3 24 | $64.4M | $47.2M | ||
| Q2 24 | $61.9M | $21.0M | ||
| Q1 24 | $46.7M | $55.3M |
| Q4 25 | 35.5% | -15.6% | ||
| Q3 25 | 24.4% | 13.0% | ||
| Q2 25 | 69.5% | -7.0% | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 25.2% | -18.5% | ||
| Q3 24 | 45.4% | 11.2% | ||
| Q2 24 | 44.9% | 5.3% | ||
| Q1 24 | 34.0% | 13.7% |
| Q4 25 | 1.6% | 12.6% | ||
| Q3 25 | 1.2% | 7.7% | ||
| Q2 25 | 2.9% | 6.0% | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 4.4% | 12.6% | ||
| Q3 24 | 4.1% | 9.9% | ||
| Q2 24 | 2.7% | 3.0% | ||
| Q1 24 | 3.2% | 4.8% |
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.52× | 5.00× | ||
| Q2 25 | 2.09× | -0.15× | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 1.64× | 2.19× | ||
| Q2 24 | 1.28× | 0.86× | ||
| Q1 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDB
Segment breakdown not available.
OXM
| Sales Channel Retail | $162.9M | 53% |
| Sales Channel Wholesale | $61.3M | 20% |
| Johnny Was | $45.4M | 15% |
| Sales Channel Food And Beverage | $29.3M | 10% |
| Other Foreign Countries | $9.0M | 3% |
