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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $58.0M, roughly 1.3× indie Semiconductor, Inc.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -53.8%, a 57.3% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -0.0%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-16.1M). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% CAGR vs 5.3%).

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

INDI vs IVT — Head-to-Head

Bigger by revenue
IVT
IVT
1.3× larger
IVT
$77.4M
$58.0M
INDI
Growing faster (revenue YoY)
IVT
IVT
+8.6% gap
IVT
8.6%
-0.0%
INDI
Higher net margin
IVT
IVT
57.3% more per $
IVT
3.4%
-53.8%
INDI
More free cash flow
IVT
IVT
$127.0M more FCF
IVT
$110.9M
$-16.1M
INDI
Faster 2-yr revenue CAGR
IVT
IVT
Annualised
IVT
7.6%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDI
INDI
IVT
IVT
Revenue
$58.0M
$77.4M
Net Profit
$-31.2M
$2.7M
Gross Margin
37.3%
Operating Margin
-58.5%
-11.0%
Net Margin
-53.8%
3.4%
Revenue YoY
-0.0%
8.6%
Net Profit YoY
9.1%
-72.8%
EPS (diluted)
$-0.16
$0.02

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
INDI
INDI
IVT
IVT
Q4 25
$58.0M
$77.4M
Q3 25
$53.7M
$74.5M
Q2 25
$51.6M
$73.6M
Q1 25
$54.1M
$73.8M
Q4 24
$58.0M
$71.2M
Q3 24
$54.0M
$68.5M
Q2 24
$52.4M
$67.4M
Q1 24
$52.4M
$66.8M
Net Profit
INDI
INDI
IVT
IVT
Q4 25
$-31.2M
$2.7M
Q3 25
$-38.3M
$6.0M
Q2 25
$-39.0M
$95.9M
Q1 25
$-34.5M
$6.8M
Q4 24
$-34.4M
$9.8M
Q3 24
$-49.7M
$-539.0K
Q2 24
$-19.2M
$1.5M
Q1 24
$-31.2M
$2.9M
Gross Margin
INDI
INDI
IVT
IVT
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
Q4 24
42.6%
Q3 24
39.3%
Q2 24
42.2%
Q1 24
42.5%
Operating Margin
INDI
INDI
IVT
IVT
Q4 25
-58.5%
-11.0%
Q3 25
-71.4%
-9.8%
Q2 25
-83.3%
Q1 25
-72.0%
-10.5%
Q4 24
-58.4%
-3.6%
Q3 24
-92.5%
-18.7%
Q2 24
-70.0%
-13.6%
Q1 24
-94.8%
-13.1%
Net Margin
INDI
INDI
IVT
IVT
Q4 25
-53.8%
3.4%
Q3 25
-71.3%
8.1%
Q2 25
-75.6%
130.4%
Q1 25
-63.9%
9.2%
Q4 24
-59.2%
13.8%
Q3 24
-92.1%
-0.8%
Q2 24
-36.6%
2.2%
Q1 24
-59.6%
4.3%
EPS (diluted)
INDI
INDI
IVT
IVT
Q4 25
$-0.16
$0.02
Q3 25
$-0.19
$0.08
Q2 25
$-0.20
$1.23
Q1 25
$-0.18
$0.09
Q4 24
$-0.18
$0.14
Q3 24
$-0.28
$-0.01
Q2 24
$-0.11
$0.02
Q1 24
$-0.19
$0.04

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$145.5M
Total DebtLower is stronger
$353.4M
$825.9M
Stockholders' EquityBook value
$358.0M
$1.8B
Total Assets
$840.8M
$2.8B
Debt / EquityLower = less leverage
0.99×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
IVT
IVT
Q4 25
$145.5M
Q3 25
$160.9M
Q2 25
$192.6M
Q1 25
$236.6M
Q4 24
$274.2M
Q3 24
$96.9M
Q2 24
$112.3M
Q1 24
$138.2M
Total Debt
INDI
INDI
IVT
IVT
Q4 25
$353.4M
$825.9M
Q3 25
$353.5M
$764.6M
Q2 25
$352.5M
$746.3M
Q1 25
$379.0M
$740.7M
Q4 24
$381.3M
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
INDI
INDI
IVT
IVT
Q4 25
$358.0M
$1.8B
Q3 25
$369.2M
$1.8B
Q2 25
$390.4M
$1.8B
Q1 25
$405.6M
$1.7B
Q4 24
$417.9M
$1.8B
Q3 24
$458.6M
$1.8B
Q2 24
$470.7M
$1.5B
Q1 24
$432.9M
$1.5B
Total Assets
INDI
INDI
IVT
IVT
Q4 25
$840.8M
$2.8B
Q3 25
$855.1M
$2.7B
Q2 25
$867.6M
$2.7B
Q1 25
$909.0M
$2.6B
Q4 24
$941.4M
$2.6B
Q3 24
$797.5M
$2.6B
Q2 24
$797.3M
$2.5B
Q1 24
$803.6M
$2.5B
Debt / Equity
INDI
INDI
IVT
IVT
Q4 25
0.99×
0.46×
Q3 25
0.96×
0.42×
Q2 25
0.90×
0.41×
Q1 25
0.93×
0.42×
Q4 24
0.91×
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

Cash Flow & Capital Efficiency

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

Metric
INDI
INDI
IVT
IVT
Operating Cash FlowLast quarter
$-14.4M
$155.4M
Free Cash FlowOCF − Capex
$-16.1M
$110.9M
FCF MarginFCF / Revenue
-27.8%
143.3%
Capex IntensityCapex / Revenue
3.0%
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$-71.4M
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
IVT
IVT
Q4 25
$-14.4M
$155.4M
Q3 25
$-6.2M
$43.8M
Q2 25
$-7.6M
$48.7M
Q1 25
$-29.0M
$20.2M
Q4 24
$-6.7M
$136.9M
Q3 24
$-22.8M
$38.4M
Q2 24
$-19.7M
$46.7M
Q1 24
$-9.3M
$14.8M
Free Cash Flow
INDI
INDI
IVT
IVT
Q4 25
$-16.1M
$110.9M
Q3 25
$-10.3M
$31.4M
Q2 25
$-13.6M
$38.0M
Q1 25
$-31.4M
$12.8M
Q4 24
$-8.6M
$100.8M
Q3 24
$-29.3M
$29.3M
Q2 24
$-23.4M
$37.2M
Q1 24
$-11.7M
$7.7M
FCF Margin
INDI
INDI
IVT
IVT
Q4 25
-27.8%
143.3%
Q3 25
-19.2%
42.2%
Q2 25
-26.4%
51.6%
Q1 25
-58.0%
17.4%
Q4 24
-14.8%
141.5%
Q3 24
-54.3%
42.8%
Q2 24
-44.7%
55.2%
Q1 24
-22.3%
11.5%
Capex Intensity
INDI
INDI
IVT
IVT
Q4 25
3.0%
57.5%
Q3 25
7.8%
16.7%
Q2 25
11.6%
14.6%
Q1 25
4.4%
10.0%
Q4 24
3.2%
50.7%
Q3 24
12.1%
13.3%
Q2 24
7.0%
14.0%
Q1 24
4.4%
10.6%
Cash Conversion
INDI
INDI
IVT
IVT
Q4 25
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INDI
INDI

Products$55.7M96%
Services$2.3M4%

IVT
IVT

Segment breakdown not available.

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