vs
Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $212.5M, roughly 1.6× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs -18.0%, 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 -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $75.5M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs -4.6%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
INDB vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $334.0M |
| Net Profit | $75.3M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 35.5% | -18.0% |
| Revenue YoY | 46.9% | -76.3% |
| Net Profit YoY | 50.6% | -170.6% |
| EPS (diluted) | $1.51 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $212.5M | $334.0M | ||
| Q3 25 | $203.3M | $382.0M | ||
| Q2 25 | $147.5M | $397.0M | ||
| Q1 25 | $145.5M | $316.0M | ||
| Q4 24 | $144.7M | $336.0M | ||
| Q3 24 | $141.7M | $396.0M | ||
| Q2 24 | $137.9M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $75.3M | $-60.0M | ||
| Q3 25 | $34.3M | $105.0M | ||
| Q2 25 | $51.1M | $87.0M | ||
| Q1 25 | $44.4M | $61.0M | ||
| Q4 24 | $50.0M | $85.0M | ||
| Q3 24 | $42.9M | $102.0M | ||
| Q2 24 | $51.3M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -11.4% | ||
| Q3 25 | 21.8% | 46.6% | ||
| Q2 25 | 44.6% | 37.8% | ||
| Q1 25 | 39.3% | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 39.0% | 43.2% | ||
| Q2 24 | 48.1% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 35.5% | -18.0% | ||
| Q3 25 | 16.8% | 27.5% | ||
| Q2 25 | 34.6% | 21.9% | ||
| Q1 25 | 30.5% | 19.3% | ||
| Q4 24 | 34.6% | 25.3% | ||
| Q3 24 | 30.3% | 25.8% | ||
| Q2 24 | 37.2% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.51 | $-0.77 | ||
| Q3 25 | $0.69 | $1.36 | ||
| Q2 25 | $1.20 | $1.13 | ||
| Q1 25 | $1.04 | $0.78 | ||
| Q4 24 | $1.18 | $1.06 | ||
| Q3 24 | $1.01 | $1.29 | ||
| Q2 24 | $1.21 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $468.0M |
| Total Assets | $24.9B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $3.6B | $468.0M | ||
| Q3 25 | $3.5B | $583.0M | ||
| Q2 25 | $3.1B | $570.0M | ||
| Q1 25 | $3.0B | $579.0M | ||
| Q4 24 | $3.0B | $650.0M | ||
| Q3 24 | $3.0B | $583.0M | ||
| Q2 24 | $2.9B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $24.9B | $4.2B | ||
| Q3 25 | $25.0B | $4.3B | ||
| Q2 25 | $20.0B | $4.3B | ||
| Q1 25 | $19.9B | $4.2B | ||
| Q4 24 | $19.4B | $4.2B | ||
| Q3 24 | $19.4B | $4.2B | ||
| Q2 24 | $19.4B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $75.5M | $168.0M |
| FCF MarginFCF / Revenue | 35.5% | 50.3% |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 1.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $78.9M | $152.0M | ||
| Q3 25 | $52.2M | $86.0M | ||
| Q2 25 | $106.7M | $70.0M | ||
| Q1 25 | $13.3M | $59.0M | ||
| Q4 24 | $42.9M | $134.0M | ||
| Q3 24 | $70.2M | $79.0M | ||
| Q2 24 | $65.6M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $75.5M | $136.0M | ||
| Q3 25 | $49.7M | $75.0M | ||
| Q2 25 | $102.5M | $58.0M | ||
| Q1 25 | $11.3M | $52.0M | ||
| Q4 24 | $36.5M | $109.0M | ||
| Q3 24 | $64.4M | $71.0M | ||
| Q2 24 | $61.9M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 35.5% | 40.7% | ||
| Q3 25 | 24.4% | 19.6% | ||
| Q2 25 | 69.5% | 14.6% | ||
| Q1 25 | 7.8% | 16.5% | ||
| Q4 24 | 25.2% | 32.4% | ||
| Q3 24 | 45.4% | 17.9% | ||
| Q2 24 | 44.9% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 4.8% | ||
| Q3 25 | 1.2% | 2.9% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 4.4% | 7.4% | ||
| Q3 24 | 4.1% | 2.0% | ||
| Q2 24 | 2.7% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.52× | 0.82× | ||
| Q2 25 | 2.09× | 0.80× | ||
| Q1 25 | 0.30× | 0.97× | ||
| Q4 24 | 0.86× | 1.58× | ||
| Q3 24 | 1.64× | 0.77× | ||
| Q2 24 | 1.28× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDB
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
