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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and STARZ ENTERTAINMENT CORP (STRZ). Click either name above to swap in a different company.

STARZ ENTERTAINMENT CORP is the larger business by last-quarter revenue ($320.9M vs $212.5M, roughly 1.5× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -16.4%, a 51.8% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs -7.5%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-31.3M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs -40.6%).

Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.

Starz Entertainment Corp., formerly known as Lions Gate Entertainment Corporation, or simply Lionsgate, is a Canadian-American entertainment company currently headquartered in Santa Monica, California. Founded by Frank Giustra on July 10, 1997, it is/was domiciled and incorporated in Vancouver, British Columbia.

INDB vs STRZ — Head-to-Head

Bigger by revenue
STRZ
STRZ
1.5× larger
STRZ
$320.9M
$212.5M
INDB
Growing faster (revenue YoY)
INDB
INDB
+54.4% gap
INDB
46.9%
-7.5%
STRZ
Higher net margin
INDB
INDB
51.8% more per $
INDB
35.5%
-16.4%
STRZ
More free cash flow
INDB
INDB
$106.8M more FCF
INDB
$75.5M
$-31.3M
STRZ
Faster 2-yr revenue CAGR
INDB
INDB
Annualised
INDB
24.3%
-40.6%
STRZ

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
INDB
INDB
STRZ
STRZ
Revenue
$212.5M
$320.9M
Net Profit
$75.3M
$-52.6M
Gross Margin
Operating Margin
-10.8%
Net Margin
35.5%
-16.4%
Revenue YoY
46.9%
-7.5%
Net Profit YoY
50.6%
-71.9%
EPS (diluted)
$1.51
$-3.15

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.

Revenue
INDB
INDB
STRZ
STRZ
Q4 25
$212.5M
Q3 25
$203.3M
$320.9M
Q2 25
$147.5M
$319.7M
Q1 25
$145.5M
Q4 24
$144.7M
$970.5M
Q3 24
$141.7M
$346.9M
Q2 24
$137.9M
$347.6M
Q1 24
$137.4M
Net Profit
INDB
INDB
STRZ
STRZ
Q4 25
$75.3M
Q3 25
$34.3M
$-52.6M
Q2 25
$51.1M
$-42.5M
Q1 25
$44.4M
Q4 24
$50.0M
$-21.9M
Q3 24
$42.9M
$-30.6M
Q2 24
$51.3M
$4.2M
Q1 24
$47.8M
Operating Margin
INDB
INDB
STRZ
STRZ
Q4 25
Q3 25
21.8%
-10.8%
Q2 25
44.6%
-8.4%
Q1 25
39.3%
Q4 24
3.7%
Q3 24
39.0%
-4.9%
Q2 24
48.1%
2.9%
Q1 24
45.5%
Net Margin
INDB
INDB
STRZ
STRZ
Q4 25
35.5%
Q3 25
16.8%
-16.4%
Q2 25
34.6%
-13.3%
Q1 25
30.5%
Q4 24
34.6%
-2.3%
Q3 24
30.3%
-8.8%
Q2 24
37.2%
1.2%
Q1 24
34.8%
EPS (diluted)
INDB
INDB
STRZ
STRZ
Q4 25
$1.51
Q3 25
$0.69
$-3.15
Q2 25
$1.20
$-2.54
Q1 25
$1.04
Q4 24
$1.18
$-0.09
Q3 24
$1.01
$-1.83
Q2 24
$1.21
$0.26
Q1 24
$1.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INDB
INDB
STRZ
STRZ
Cash + ST InvestmentsLiquidity on hand
$37.0M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$3.6B
$663.2M
Total Assets
$24.9B
$2.0B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDB
INDB
STRZ
STRZ
Q4 25
Q3 25
$37.0M
Q2 25
$51.6M
Q1 25
Q4 24
$200.5M
Q3 24
$229.6M
Q2 24
$192.5M
Q1 24
Total Debt
INDB
INDB
STRZ
STRZ
Q4 25
Q3 25
$608.7M
Q2 25
$611.7M
Q1 25
Q4 24
$2.4B
Q3 24
$2.1B
Q2 24
$1.5B
Q1 24
Stockholders' Equity
INDB
INDB
STRZ
STRZ
Q4 25
$3.6B
Q3 25
$3.5B
$663.2M
Q2 25
$3.1B
$712.3M
Q1 25
$3.0B
Q4 24
$3.0B
$-168.3M
Q3 24
$3.0B
$935.9M
Q2 24
$2.9B
$973.1M
Q1 24
$2.9B
Total Assets
INDB
INDB
STRZ
STRZ
Q4 25
$24.9B
Q3 25
$25.0B
$2.0B
Q2 25
$20.0B
$2.1B
Q1 25
$19.9B
Q4 24
$19.4B
$7.2B
Q3 24
$19.4B
$7.1B
Q2 24
$19.4B
$7.2B
Q1 24
$19.3B
Debt / Equity
INDB
INDB
STRZ
STRZ
Q4 25
Q3 25
0.92×
Q2 25
0.86×
Q1 25
Q4 24
Q3 24
2.24×
Q2 24
1.59×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INDB
INDB
STRZ
STRZ
Operating Cash FlowLast quarter
$78.9M
$-26.1M
Free Cash FlowOCF − Capex
$75.5M
$-31.3M
FCF MarginFCF / Revenue
35.5%
-9.8%
Capex IntensityCapex / Revenue
1.6%
1.6%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$239.0M
$-317.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDB
INDB
STRZ
STRZ
Q4 25
$78.9M
Q3 25
$52.2M
$-26.1M
Q2 25
$106.7M
$65.4M
Q1 25
$13.3M
Q4 24
$42.9M
$-335.3M
Q3 24
$70.2M
$9.1M
Q2 24
$65.6M
$-33.5M
Q1 24
$51.1M
Free Cash Flow
INDB
INDB
STRZ
STRZ
Q4 25
$75.5M
Q3 25
$49.7M
$-31.3M
Q2 25
$102.5M
$58.5M
Q1 25
$11.3M
Q4 24
$36.5M
$-349.3M
Q3 24
$64.4M
$4.4M
Q2 24
$61.9M
$-38.4M
Q1 24
$46.7M
FCF Margin
INDB
INDB
STRZ
STRZ
Q4 25
35.5%
Q3 25
24.4%
-9.8%
Q2 25
69.5%
18.3%
Q1 25
7.8%
Q4 24
25.2%
-36.0%
Q3 24
45.4%
1.3%
Q2 24
44.9%
-11.0%
Q1 24
34.0%
Capex Intensity
INDB
INDB
STRZ
STRZ
Q4 25
1.6%
Q3 25
1.2%
1.6%
Q2 25
2.9%
2.2%
Q1 25
1.4%
Q4 24
4.4%
1.4%
Q3 24
4.1%
1.4%
Q2 24
2.7%
1.4%
Q1 24
3.2%
Cash Conversion
INDB
INDB
STRZ
STRZ
Q4 25
1.05×
Q3 25
1.52×
Q2 25
2.09×
Q1 25
0.30×
Q4 24
0.86×
Q3 24
1.64×
Q2 24
1.28×
-7.98×
Q1 24
1.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INDB
INDB

Segment breakdown not available.

STRZ
STRZ

Over The Top Subscription Service OTT$222.8M69%
Linear Subscription Service$98.1M31%

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