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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $58.0M, roughly 1.1× indie Semiconductor, Inc.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -53.8%, a 85.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -0.0%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-16.1M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
INDI vs MPB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $62.0M |
| Net Profit | $-31.2M | $19.4M |
| Gross Margin | 37.3% | — |
| Operating Margin | -58.5% | 43.6% |
| Net Margin | -53.8% | 31.4% |
| Revenue YoY | -0.0% | 30.8% |
| Net Profit YoY | 9.1% | 47.0% |
| EPS (diluted) | $-0.16 | $0.83 |
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 | $58.0M | $62.0M | ||
| Q3 25 | $53.7M | $61.8M | ||
| Q2 25 | $51.6M | $54.3M | ||
| Q1 25 | $54.1M | $47.7M | ||
| Q4 24 | $58.0M | $47.4M | ||
| Q3 24 | $54.0M | $45.3M | ||
| Q2 24 | $52.4M | $44.1M | ||
| Q1 24 | $52.4M | $42.3M |
| Q4 25 | $-31.2M | $19.4M | ||
| Q3 25 | $-38.3M | $18.3M | ||
| Q2 25 | $-39.0M | $4.8M | ||
| Q1 25 | $-34.5M | $13.7M | ||
| Q4 24 | $-34.4M | $13.2M | ||
| Q3 24 | $-49.7M | $12.3M | ||
| Q2 24 | $-19.2M | $11.8M | ||
| Q1 24 | $-31.2M | $12.1M |
| 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% | — |
| Q4 25 | -58.5% | 43.6% | ||
| Q3 25 | -71.4% | 39.3% | ||
| Q2 25 | -83.3% | 7.9% | ||
| Q1 25 | -72.0% | 35.2% | ||
| Q4 24 | -58.4% | 34.1% | ||
| Q3 24 | -92.5% | 32.8% | ||
| Q2 24 | -70.0% | 32.4% | ||
| Q1 24 | -94.8% | 34.8% |
| Q4 25 | -53.8% | 31.4% | ||
| Q3 25 | -71.3% | 29.6% | ||
| Q2 25 | -75.6% | 8.8% | ||
| Q1 25 | -63.9% | 28.8% | ||
| Q4 24 | -59.2% | 27.9% | ||
| Q3 24 | -92.1% | 27.1% | ||
| Q2 24 | -36.6% | 26.7% | ||
| Q1 24 | -59.6% | 28.7% |
| Q4 25 | $-0.16 | $0.83 | ||
| Q3 25 | $-0.19 | $0.79 | ||
| Q2 25 | $-0.20 | $0.22 | ||
| Q1 25 | $-0.18 | $0.71 | ||
| Q4 24 | $-0.18 | $0.72 | ||
| Q3 24 | $-0.28 | $0.74 | ||
| Q2 24 | $-0.11 | $0.71 | ||
| Q1 24 | $-0.19 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $145.5M | — |
| Total DebtLower is stronger | $353.4M | — |
| Stockholders' EquityBook value | $358.0M | $814.1M |
| Total Assets | $840.8M | $6.1B |
| Debt / EquityLower = less leverage | 0.99× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $353.4M | — | ||
| Q3 25 | $353.5M | — | ||
| Q2 25 | $352.5M | — | ||
| Q1 25 | $379.0M | — | ||
| Q4 24 | $381.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $358.0M | $814.1M | ||
| Q3 25 | $369.2M | $796.3M | ||
| Q2 25 | $390.4M | $775.7M | ||
| Q1 25 | $405.6M | $667.9M | ||
| Q4 24 | $417.9M | $655.0M | ||
| Q3 24 | $458.6M | $573.1M | ||
| Q2 24 | $470.7M | $559.7M | ||
| Q1 24 | $432.9M | $551.0M |
| Q4 25 | $840.8M | $6.1B | ||
| Q3 25 | $855.1M | $6.3B | ||
| Q2 25 | $867.6M | $6.4B | ||
| Q1 25 | $909.0M | $5.5B | ||
| Q4 24 | $941.4M | $5.5B | ||
| Q3 24 | $797.5M | $5.5B | ||
| Q2 24 | $797.3M | $5.4B | ||
| Q1 24 | $803.6M | $5.3B |
| Q4 25 | 0.99× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-14.4M | $80.0M |
| Free Cash FlowOCF − Capex | $-16.1M | $71.8M |
| FCF MarginFCF / Revenue | -27.8% | 115.8% |
| Capex IntensityCapex / Revenue | 3.0% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $80.0M | ||
| Q3 25 | $-6.2M | $26.3M | ||
| Q2 25 | $-7.6M | $29.0M | ||
| Q1 25 | $-29.0M | $11.5M | ||
| Q4 24 | $-6.7M | $51.4M | ||
| Q3 24 | $-22.8M | $16.9M | ||
| Q2 24 | $-19.7M | $18.0M | ||
| Q1 24 | $-9.3M | $12.4M |
| Q4 25 | $-16.1M | $71.8M | ||
| Q3 25 | $-10.3M | $24.3M | ||
| Q2 25 | $-13.6M | $27.2M | ||
| Q1 25 | $-31.4M | $8.8M | ||
| Q4 24 | $-8.6M | $44.5M | ||
| Q3 24 | $-29.3M | $16.8M | ||
| Q2 24 | $-23.4M | $17.7M | ||
| Q1 24 | $-11.7M | $12.1M |
| Q4 25 | -27.8% | 115.8% | ||
| Q3 25 | -19.2% | 39.4% | ||
| Q2 25 | -26.4% | 50.1% | ||
| Q1 25 | -58.0% | 18.4% | ||
| Q4 24 | -14.8% | 93.8% | ||
| Q3 24 | -54.3% | 37.1% | ||
| Q2 24 | -44.7% | 40.2% | ||
| Q1 24 | -22.3% | 28.5% |
| Q4 25 | 3.0% | 13.3% | ||
| Q3 25 | 7.8% | 3.1% | ||
| Q2 25 | 11.6% | 3.2% | ||
| Q1 25 | 4.4% | 5.7% | ||
| Q4 24 | 3.2% | 14.6% | ||
| Q3 24 | 12.1% | 0.0% | ||
| Q2 24 | 7.0% | 0.7% | ||
| Q1 24 | 4.4% | 0.8% |
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 6.08× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
MPB
Segment breakdown not available.
