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

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $29.2M, roughly 2.0× PCB BANCORP). On growth, PCB BANCORP posted the faster year-over-year revenue change (11.3% vs -0.0%). PCB BANCORP produced more free cash flow last quarter ($24.4M vs $-16.1M). Over the past eight quarters, PCB BANCORP's revenue compounded faster (10.4% 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.

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

INDI vs PCB — Head-to-Head

Bigger by revenue
INDI
INDI
2.0× larger
INDI
$58.0M
$29.2M
PCB
Growing faster (revenue YoY)
PCB
PCB
+11.3% gap
PCB
11.3%
-0.0%
INDI
More free cash flow
PCB
PCB
$40.5M more FCF
PCB
$24.4M
$-16.1M
INDI
Faster 2-yr revenue CAGR
PCB
PCB
Annualised
PCB
10.4%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDI
INDI
PCB
PCB
Revenue
$58.0M
$29.2M
Net Profit
$-31.2M
Gross Margin
37.3%
Operating Margin
-58.5%
45.0%
Net Margin
-53.8%
Revenue YoY
-0.0%
11.3%
Net Profit YoY
9.1%
EPS (diluted)
$-0.16
$0.65

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
PCB
PCB
Q4 25
$58.0M
$29.2M
Q3 25
$53.7M
$30.4M
Q2 25
$51.6M
$29.3M
Q1 25
$54.1M
$26.9M
Q4 24
$58.0M
$26.2M
Q3 24
$54.0M
$25.3M
Q2 24
$52.4M
$24.2M
Q1 24
$52.4M
$23.9M
Net Profit
INDI
INDI
PCB
PCB
Q4 25
$-31.2M
Q3 25
$-38.3M
$11.4M
Q2 25
$-39.0M
$9.1M
Q1 25
$-34.5M
$7.7M
Q4 24
$-34.4M
Q3 24
$-49.7M
$7.8M
Q2 24
$-19.2M
$6.3M
Q1 24
$-31.2M
$4.7M
Gross Margin
INDI
INDI
PCB
PCB
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
PCB
PCB
Q4 25
-58.5%
45.0%
Q3 25
-71.4%
52.3%
Q2 25
-83.3%
43.3%
Q1 25
-72.0%
40.2%
Q4 24
-58.4%
39.3%
Q3 24
-92.5%
42.2%
Q2 24
-70.0%
36.3%
Q1 24
-94.8%
27.2%
Net Margin
INDI
INDI
PCB
PCB
Q4 25
-53.8%
Q3 25
-71.3%
37.5%
Q2 25
-75.6%
31.0%
Q1 25
-63.9%
28.8%
Q4 24
-59.2%
Q3 24
-92.1%
30.8%
Q2 24
-36.6%
25.9%
Q1 24
-59.6%
19.6%
EPS (diluted)
INDI
INDI
PCB
PCB
Q4 25
$-0.16
$0.65
Q3 25
$-0.19
$0.78
Q2 25
$-0.20
$0.62
Q1 25
$-0.18
$0.53
Q4 24
$-0.18
$0.46
Q3 24
$-0.28
$0.52
Q2 24
$-0.11
$0.43
Q1 24
$-0.19
$0.33

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
PCB
PCB
Cash + ST InvestmentsLiquidity on hand
$145.5M
$207.1M
Total DebtLower is stronger
$353.4M
Stockholders' EquityBook value
$358.0M
$390.0M
Total Assets
$840.8M
$3.3B
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
PCB
PCB
Q4 25
$145.5M
$207.1M
Q3 25
$160.9M
$369.5M
Q2 25
$192.6M
$263.6M
Q1 25
$236.6M
$214.3M
Q4 24
$274.2M
$198.8M
Q3 24
$96.9M
$193.1M
Q2 24
$112.3M
$177.6M
Q1 24
$138.2M
$239.8M
Total Debt
INDI
INDI
PCB
PCB
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
Stockholders' Equity
INDI
INDI
PCB
PCB
Q4 25
$358.0M
$390.0M
Q3 25
$369.2M
$384.5M
Q2 25
$390.4M
$376.5M
Q1 25
$405.6M
$370.9M
Q4 24
$417.9M
$363.8M
Q3 24
$458.6M
$362.3M
Q2 24
$470.7M
$353.5M
Q1 24
$432.9M
$350.0M
Total Assets
INDI
INDI
PCB
PCB
Q4 25
$840.8M
$3.3B
Q3 25
$855.1M
$3.4B
Q2 25
$867.6M
$3.3B
Q1 25
$909.0M
$3.2B
Q4 24
$941.4M
$3.1B
Q3 24
$797.5M
$2.9B
Q2 24
$797.3M
$2.9B
Q1 24
$803.6M
$2.9B
Debt / Equity
INDI
INDI
PCB
PCB
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
INDI
INDI
PCB
PCB
Operating Cash FlowLast quarter
$-14.4M
$26.6M
Free Cash FlowOCF − Capex
$-16.1M
$24.4M
FCF MarginFCF / Revenue
-27.8%
83.6%
Capex IntensityCapex / Revenue
3.0%
7.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
PCB
PCB
Q4 25
$-14.4M
$26.6M
Q3 25
$-6.2M
$16.4M
Q2 25
$-7.6M
$4.9M
Q1 25
$-29.0M
$2.3M
Q4 24
$-6.7M
$39.0M
Q3 24
$-22.8M
$11.9M
Q2 24
$-19.7M
$14.6M
Q1 24
$-9.3M
$8.2M
Free Cash Flow
INDI
INDI
PCB
PCB
Q4 25
$-16.1M
$24.4M
Q3 25
$-10.3M
$16.2M
Q2 25
$-13.6M
$3.8M
Q1 25
$-31.4M
$1.6M
Q4 24
$-8.6M
$34.9M
Q3 24
$-29.3M
$11.9M
Q2 24
$-23.4M
$12.8M
Q1 24
$-11.7M
$6.0M
FCF Margin
INDI
INDI
PCB
PCB
Q4 25
-27.8%
83.6%
Q3 25
-19.2%
53.2%
Q2 25
-26.4%
13.1%
Q1 25
-58.0%
6.0%
Q4 24
-14.8%
133.2%
Q3 24
-54.3%
46.8%
Q2 24
-44.7%
53.1%
Q1 24
-22.3%
25.2%
Capex Intensity
INDI
INDI
PCB
PCB
Q4 25
3.0%
7.5%
Q3 25
7.8%
0.8%
Q2 25
11.6%
3.7%
Q1 25
4.4%
2.8%
Q4 24
3.2%
15.5%
Q3 24
12.1%
0.1%
Q2 24
7.0%
7.3%
Q1 24
4.4%
9.3%
Cash Conversion
INDI
INDI
PCB
PCB
Q4 25
Q3 25
1.44×
Q2 25
0.54×
Q1 25
0.30×
Q4 24
Q3 24
1.52×
Q2 24
2.33×
Q1 24
1.76×

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%

PCB
PCB

Segment breakdown not available.

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