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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and Revolve Group, Inc. (RVLV). Click either name above to swap in a different company.
Revolve Group, Inc. is the larger business by last-quarter revenue ($324.4M vs $212.5M, roughly 1.5× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs 5.7%, a 29.7% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 10.4%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-13.3M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs 9.5%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Revolve Theatre Company is a Henley-on-Thames based theatre company specialising in political and Shakespearean plays. The company is owned by Oliver Dench, Joe Morris and Tom Smith.
INDB vs RVLV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $324.4M |
| Net Profit | $75.3M | $18.6M |
| Gross Margin | — | 53.3% |
| Operating Margin | — | 6.3% |
| Net Margin | 35.5% | 5.7% |
| Revenue YoY | 46.9% | 10.4% |
| Net Profit YoY | 50.6% | 50.4% |
| EPS (diluted) | $1.51 | $0.27 |
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 | $324.4M | ||
| Q3 25 | $203.3M | $295.6M | ||
| Q2 25 | $147.5M | $309.0M | ||
| Q1 25 | $145.5M | $296.7M | ||
| Q4 24 | $144.7M | $293.7M | ||
| Q3 24 | $141.7M | $283.1M | ||
| Q2 24 | $137.9M | $282.5M | ||
| Q1 24 | $137.4M | $270.6M |
| Q4 25 | $75.3M | $18.6M | ||
| Q3 25 | $34.3M | $21.2M | ||
| Q2 25 | $51.1M | $10.2M | ||
| Q1 25 | $44.4M | $11.8M | ||
| Q4 24 | $50.0M | $12.3M | ||
| Q3 24 | $42.9M | $11.0M | ||
| Q2 24 | $51.3M | $15.4M | ||
| Q1 24 | $47.8M | $10.9M |
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 54.6% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.5% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 54.0% | ||
| Q1 24 | — | 52.3% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 21.8% | 7.1% | ||
| Q2 25 | 44.6% | 5.8% | ||
| Q1 25 | 39.3% | 5.0% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 39.0% | 5.0% | ||
| Q2 24 | 48.1% | 5.8% | ||
| Q1 24 | 45.5% | 3.4% |
| Q4 25 | 35.5% | 5.7% | ||
| Q3 25 | 16.8% | 7.2% | ||
| Q2 25 | 34.6% | 3.3% | ||
| Q1 25 | 30.5% | 4.0% | ||
| Q4 24 | 34.6% | 4.2% | ||
| Q3 24 | 30.3% | 3.9% | ||
| Q2 24 | 37.2% | 5.4% | ||
| Q1 24 | 34.8% | 4.0% |
| Q4 25 | $1.51 | $0.27 | ||
| Q3 25 | $0.69 | $0.29 | ||
| Q2 25 | $1.20 | $0.14 | ||
| Q1 25 | $1.04 | $0.16 | ||
| Q4 24 | $1.18 | $0.18 | ||
| Q3 24 | $1.01 | $0.15 | ||
| Q2 24 | $1.21 | $0.21 | ||
| Q1 24 | $1.12 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $292.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $512.5M |
| Total Assets | $24.9B | $765.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $292.3M | ||
| Q3 25 | — | $315.4M | ||
| Q2 25 | — | $310.7M | ||
| Q1 25 | — | $300.8M | ||
| Q4 24 | — | $256.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $244.7M | ||
| Q1 24 | — | $273.4M |
| Q4 25 | $3.6B | $512.5M | ||
| Q3 25 | $3.5B | $490.2M | ||
| Q2 25 | $3.1B | $468.6M | ||
| Q1 25 | $3.0B | $453.4M | ||
| Q4 24 | $3.0B | $437.8M | ||
| Q3 24 | $3.0B | $420.8M | ||
| Q2 24 | $2.9B | $405.8M | ||
| Q1 24 | $2.9B | $389.9M |
| Q4 25 | $24.9B | $765.0M | ||
| Q3 25 | $25.0B | $751.3M | ||
| Q2 25 | $20.0B | $722.9M | ||
| Q1 25 | $19.9B | $713.9M | ||
| Q4 24 | $19.4B | $665.5M | ||
| Q3 24 | $19.4B | $670.9M | ||
| Q2 24 | $19.4B | $657.8M | ||
| Q1 24 | $19.3B | $650.0M |
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 | $-10.2M |
| Free Cash FlowOCF − Capex | $75.5M | $-13.3M |
| FCF MarginFCF / Revenue | 35.5% | -4.1% |
| Capex IntensityCapex / Revenue | 1.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.05× | -0.55× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $48.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $-10.2M | ||
| Q3 25 | $52.2M | $11.8M | ||
| Q2 25 | $106.7M | $12.6M | ||
| Q1 25 | $13.3M | $45.1M | ||
| Q4 24 | $42.9M | $3.9M | ||
| Q3 24 | $70.2M | $9.1M | ||
| Q2 24 | $65.6M | $-24.7M | ||
| Q1 24 | $51.1M | $38.4M |
| Q4 25 | $75.5M | $-13.3M | ||
| Q3 25 | $49.7M | $7.5M | ||
| Q2 25 | $102.5M | $10.4M | ||
| Q1 25 | $11.3M | $43.4M | ||
| Q4 24 | $36.5M | $2.1M | ||
| Q3 24 | $64.4M | $8.0M | ||
| Q2 24 | $61.9M | $-25.7M | ||
| Q1 24 | $46.7M | $36.7M |
| Q4 25 | 35.5% | -4.1% | ||
| Q3 25 | 24.4% | 2.5% | ||
| Q2 25 | 69.5% | 3.4% | ||
| Q1 25 | 7.8% | 14.6% | ||
| Q4 24 | 25.2% | 0.7% | ||
| Q3 24 | 45.4% | 2.8% | ||
| Q2 24 | 44.9% | -9.1% | ||
| Q1 24 | 34.0% | 13.5% |
| Q4 25 | 1.6% | 1.0% | ||
| Q3 25 | 1.2% | 1.5% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 1.4% | 0.6% | ||
| Q4 24 | 4.4% | 0.6% | ||
| Q3 24 | 4.1% | 0.4% | ||
| Q2 24 | 2.7% | 0.4% | ||
| Q1 24 | 3.2% | 0.6% |
| Q4 25 | 1.05× | -0.55× | ||
| Q3 25 | 1.52× | 0.56× | ||
| Q2 25 | 2.09× | 1.24× | ||
| Q1 25 | 0.30× | 3.82× | ||
| Q4 24 | 0.86× | 0.32× | ||
| Q3 24 | 1.64× | 0.83× | ||
| Q2 24 | 1.28× | -1.60× | ||
| Q1 24 | 1.07× | 3.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDB
Segment breakdown not available.
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
