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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($91.5M vs $58.0M, roughly 1.6× indie Semiconductor, Inc.). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -53.8%, a 52.3% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

INDI vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
1.6× larger
PAL
$91.5M
$58.0M
INDI
Higher net margin
PAL
PAL
52.3% more per $
PAL
-1.5%
-53.8%
INDI

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
INDI
INDI
PAL
PAL
Revenue
$58.0M
$91.5M
Net Profit
$-31.2M
$-1.4M
Gross Margin
37.3%
Operating Margin
-58.5%
-2.4%
Net Margin
-53.8%
-1.5%
Revenue YoY
-0.0%
Net Profit YoY
9.1%
EPS (diluted)
$-0.16
$-0.05

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
PAL
PAL
Q4 25
$58.0M
Q3 25
$53.7M
Q2 25
$51.6M
Q1 25
$54.1M
Q4 24
$58.0M
Q3 24
$54.0M
$91.5M
Q2 24
$52.4M
Q1 24
$52.4M
Net Profit
INDI
INDI
PAL
PAL
Q4 25
$-31.2M
Q3 25
$-38.3M
Q2 25
$-39.0M
Q1 25
$-34.5M
Q4 24
$-34.4M
Q3 24
$-49.7M
$-1.4M
Q2 24
$-19.2M
Q1 24
$-31.2M
Gross Margin
INDI
INDI
PAL
PAL
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
PAL
PAL
Q4 25
-58.5%
Q3 25
-71.4%
Q2 25
-83.3%
Q1 25
-72.0%
Q4 24
-58.4%
Q3 24
-92.5%
-2.4%
Q2 24
-70.0%
Q1 24
-94.8%
Net Margin
INDI
INDI
PAL
PAL
Q4 25
-53.8%
Q3 25
-71.3%
Q2 25
-75.6%
Q1 25
-63.9%
Q4 24
-59.2%
Q3 24
-92.1%
-1.5%
Q2 24
-36.6%
Q1 24
-59.6%
EPS (diluted)
INDI
INDI
PAL
PAL
Q4 25
$-0.16
Q3 25
$-0.19
Q2 25
$-0.20
Q1 25
$-0.18
Q4 24
$-0.18
Q3 24
$-0.28
$-0.05
Q2 24
$-0.11
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$145.5M
$16.8M
Total DebtLower is stronger
$353.4M
$64.0M
Stockholders' EquityBook value
$358.0M
$338.5M
Total Assets
$840.8M
$498.2M
Debt / EquityLower = less leverage
0.99×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
PAL
PAL
Q4 25
$145.5M
Q3 25
$160.9M
Q2 25
$192.6M
Q1 25
$236.6M
Q4 24
$274.2M
Q3 24
$96.9M
$16.8M
Q2 24
$112.3M
Q1 24
$138.2M
Total Debt
INDI
INDI
PAL
PAL
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$381.3M
Q3 24
$64.0M
Q2 24
Q1 24
Stockholders' Equity
INDI
INDI
PAL
PAL
Q4 25
$358.0M
Q3 25
$369.2M
Q2 25
$390.4M
Q1 25
$405.6M
Q4 24
$417.9M
Q3 24
$458.6M
$338.5M
Q2 24
$470.7M
Q1 24
$432.9M
Total Assets
INDI
INDI
PAL
PAL
Q4 25
$840.8M
Q3 25
$855.1M
Q2 25
$867.6M
Q1 25
$909.0M
Q4 24
$941.4M
Q3 24
$797.5M
$498.2M
Q2 24
$797.3M
Q1 24
$803.6M
Debt / Equity
INDI
INDI
PAL
PAL
Q4 25
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
0.91×
Q3 24
0.19×
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
INDI
INDI
PAL
PAL
Operating Cash FlowLast quarter
$-14.4M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
PAL
PAL
Q4 25
$-14.4M
Q3 25
$-6.2M
Q2 25
$-7.6M
Q1 25
$-29.0M
Q4 24
$-6.7M
Q3 24
$-22.8M
Q2 24
$-19.7M
Q1 24
$-9.3M
Free Cash Flow
INDI
INDI
PAL
PAL
Q4 25
$-16.1M
Q3 25
$-10.3M
Q2 25
$-13.6M
Q1 25
$-31.4M
Q4 24
$-8.6M
Q3 24
$-29.3M
Q2 24
$-23.4M
Q1 24
$-11.7M
FCF Margin
INDI
INDI
PAL
PAL
Q4 25
-27.8%
Q3 25
-19.2%
Q2 25
-26.4%
Q1 25
-58.0%
Q4 24
-14.8%
Q3 24
-54.3%
Q2 24
-44.7%
Q1 24
-22.3%
Capex Intensity
INDI
INDI
PAL
PAL
Q4 25
3.0%
Q3 25
7.8%
Q2 25
11.6%
Q1 25
4.4%
Q4 24
3.2%
Q3 24
12.1%
Q2 24
7.0%
Q1 24
4.4%

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%

PAL
PAL

Segment breakdown not available.

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