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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and LTC PROPERTIES INC (LTC). Click either name above to swap in a different company.

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $58.0M, roughly 1.5× indie Semiconductor, Inc.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs -53.8%, a 176.8% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs -0.0%). LTC PROPERTIES INC produced more free cash flow last quarter ($128.7M vs $-16.1M). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% 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.

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

INDI vs LTC — Head-to-Head

Bigger by revenue
LTC
LTC
1.5× larger
LTC
$84.3M
$58.0M
INDI
Growing faster (revenue YoY)
LTC
LTC
+60.3% gap
LTC
60.3%
-0.0%
INDI
Higher net margin
LTC
LTC
176.8% more per $
LTC
123.0%
-53.8%
INDI
More free cash flow
LTC
LTC
$144.8M more FCF
LTC
$128.7M
$-16.1M
INDI
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDI
INDI
LTC
LTC
Revenue
$58.0M
$84.3M
Net Profit
$-31.2M
$103.7M
Gross Margin
37.3%
Operating Margin
-58.5%
Net Margin
-53.8%
123.0%
Revenue YoY
-0.0%
60.3%
Net Profit YoY
9.1%
429.1%
EPS (diluted)
$-0.16
$2.19

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
LTC
LTC
Q4 25
$58.0M
$84.3M
Q3 25
$53.7M
$69.3M
Q2 25
$51.6M
$60.2M
Q1 25
$54.1M
$49.0M
Q4 24
$58.0M
$52.6M
Q3 24
$54.0M
$55.8M
Q2 24
$52.4M
$50.1M
Q1 24
$52.4M
$51.4M
Net Profit
INDI
INDI
LTC
LTC
Q4 25
$-31.2M
$103.7M
Q3 25
$-38.3M
$-20.0M
Q2 25
$-39.0M
$15.1M
Q1 25
$-34.5M
$20.7M
Q4 24
$-34.4M
$19.6M
Q3 24
$-49.7M
$29.4M
Q2 24
$-19.2M
$19.4M
Q1 24
$-31.2M
$24.2M
Gross Margin
INDI
INDI
LTC
LTC
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
LTC
LTC
Q4 25
-58.5%
Q3 25
-71.4%
71.9%
Q2 25
-83.3%
80.5%
Q1 25
-72.0%
37.8%
Q4 24
-58.4%
Q3 24
-92.5%
95.5%
Q2 24
-70.0%
38.0%
Q1 24
-94.8%
47.3%
Net Margin
INDI
INDI
LTC
LTC
Q4 25
-53.8%
123.0%
Q3 25
-71.3%
-28.9%
Q2 25
-75.6%
25.1%
Q1 25
-63.9%
42.2%
Q4 24
-59.2%
37.3%
Q3 24
-92.1%
52.6%
Q2 24
-36.6%
38.6%
Q1 24
-59.6%
47.2%
EPS (diluted)
INDI
INDI
LTC
LTC
Q4 25
$-0.16
$2.19
Q3 25
$-0.19
$-0.44
Q2 25
$-0.20
$0.32
Q1 25
$-0.18
$0.45
Q4 24
$-0.18
$0.38
Q3 24
$-0.28
$0.66
Q2 24
$-0.11
$0.44
Q1 24
$-0.19
$0.56

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
LTC
LTC
Cash + ST InvestmentsLiquidity on hand
$145.5M
$14.4M
Total DebtLower is stronger
$353.4M
$842.2M
Stockholders' EquityBook value
$358.0M
$1.1B
Total Assets
$840.8M
$2.1B
Debt / EquityLower = less leverage
0.99×
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
LTC
LTC
Q4 25
$145.5M
$14.4M
Q3 25
$160.9M
$17.9M
Q2 25
$192.6M
$7.6M
Q1 25
$236.6M
$23.3M
Q4 24
$274.2M
$9.4M
Q3 24
$96.9M
$35.0M
Q2 24
$112.3M
$6.2M
Q1 24
$138.2M
$9.0M
Total Debt
INDI
INDI
LTC
LTC
Q4 25
$353.4M
$842.2M
Q3 25
$353.5M
$944.5M
Q2 25
$352.5M
$696.5M
Q1 25
$379.0M
$682.2M
Q4 24
$381.3M
$684.6M
Q3 24
$785.3M
Q2 24
$861.0M
Q1 24
$860.2M
Stockholders' Equity
INDI
INDI
LTC
LTC
Q4 25
$358.0M
$1.1B
Q3 25
$369.2M
$957.9M
Q2 25
$390.4M
$957.5M
Q1 25
$405.6M
$961.9M
Q4 24
$417.9M
$960.6M
Q3 24
$458.6M
$947.8M
Q2 24
$470.7M
$889.1M
Q1 24
$432.9M
$886.2M
Total Assets
INDI
INDI
LTC
LTC
Q4 25
$840.8M
$2.1B
Q3 25
$855.1M
$2.0B
Q2 25
$867.6M
$1.8B
Q1 25
$909.0M
$1.8B
Q4 24
$941.4M
$1.8B
Q3 24
$797.5M
$1.9B
Q2 24
$797.3M
$1.9B
Q1 24
$803.6M
$1.8B
Debt / Equity
INDI
INDI
LTC
LTC
Q4 25
0.99×
0.78×
Q3 25
0.96×
0.99×
Q2 25
0.90×
0.73×
Q1 25
0.93×
0.71×
Q4 24
0.91×
0.71×
Q3 24
0.83×
Q2 24
0.97×
Q1 24
0.97×

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
LTC
LTC
Operating Cash FlowLast quarter
$-14.4M
$136.0M
Free Cash FlowOCF − Capex
$-16.1M
$128.7M
FCF MarginFCF / Revenue
-27.8%
152.7%
Capex IntensityCapex / Revenue
3.0%
8.6%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$-71.4M
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
LTC
LTC
Q4 25
$-14.4M
$136.0M
Q3 25
$-6.2M
$38.4M
Q2 25
$-7.6M
$30.0M
Q1 25
$-29.0M
$29.6M
Q4 24
$-6.7M
$125.9M
Q3 24
$-22.8M
$34.0M
Q2 24
$-19.7M
$37.0M
Q1 24
$-9.3M
$21.1M
Free Cash Flow
INDI
INDI
LTC
LTC
Q4 25
$-16.1M
$128.7M
Q3 25
$-10.3M
$34.3M
Q2 25
$-13.6M
$28.9M
Q1 25
$-31.4M
$28.2M
Q4 24
$-8.6M
$112.2M
Q3 24
$-29.3M
$27.7M
Q2 24
$-23.4M
$34.7M
Q1 24
$-11.7M
$19.7M
FCF Margin
INDI
INDI
LTC
LTC
Q4 25
-27.8%
152.7%
Q3 25
-19.2%
49.4%
Q2 25
-26.4%
47.9%
Q1 25
-58.0%
57.6%
Q4 24
-14.8%
213.4%
Q3 24
-54.3%
49.7%
Q2 24
-44.7%
69.1%
Q1 24
-22.3%
38.4%
Capex Intensity
INDI
INDI
LTC
LTC
Q4 25
3.0%
8.6%
Q3 25
7.8%
6.0%
Q2 25
11.6%
1.9%
Q1 25
4.4%
2.7%
Q4 24
3.2%
26.0%
Q3 24
12.1%
11.2%
Q2 24
7.0%
4.6%
Q1 24
4.4%
2.6%
Cash Conversion
INDI
INDI
LTC
LTC
Q4 25
1.31×
Q3 25
Q2 25
1.99×
Q1 25
1.43×
Q4 24
6.43×
Q3 24
1.16×
Q2 24
1.91×
Q1 24
0.87×

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%

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

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