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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $39.4M, roughly 1.5× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -53.8%, a 108.8% gap on every dollar of revenue. On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs -0.0%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-16.1M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
INDI vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.0M | $39.4M |
| Net Profit | $-31.2M | $21.6M |
| Gross Margin | 37.3% | — |
| Operating Margin | -58.5% | 38.5% |
| Net Margin | -53.8% | 54.9% |
| Revenue YoY | -0.0% | 1.1% |
| Net Profit YoY | 9.1% | 23.1% |
| EPS (diluted) | $-0.16 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $53.7M | $39.8M | ||
| Q2 25 | $51.6M | $34.5M | ||
| Q1 25 | $54.1M | $42.6M | ||
| Q4 24 | $58.0M | $39.0M | ||
| Q3 24 | $54.0M | $30.1M | ||
| Q2 24 | $52.4M | $26.0M | ||
| Q1 24 | $52.4M | $30.3M |
| Q4 25 | $-31.2M | $21.6M | ||
| Q3 25 | $-38.3M | $16.0M | ||
| Q2 25 | $-39.0M | $19.6M | ||
| Q1 25 | $-34.5M | $13.0M | ||
| Q4 24 | $-34.4M | $17.6M | ||
| Q3 24 | $-49.7M | $25.5M | ||
| Q2 24 | $-19.2M | $8.8M | ||
| Q1 24 | $-31.2M | $11.1M |
| 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% | 38.5% | ||
| Q3 25 | -71.4% | 37.8% | ||
| Q2 25 | -83.3% | 53.7% | ||
| Q1 25 | -72.0% | 28.6% | ||
| Q4 24 | -58.4% | 25.9% | ||
| Q3 24 | -92.5% | 28.3% | ||
| Q2 24 | -70.0% | 23.9% | ||
| Q1 24 | -94.8% | 27.8% |
| Q4 25 | -53.8% | 54.9% | ||
| Q3 25 | -71.3% | 40.1% | ||
| Q2 25 | -75.6% | 56.6% | ||
| Q1 25 | -63.9% | 30.6% | ||
| Q4 24 | -59.2% | 45.1% | ||
| Q3 24 | -92.1% | 84.8% | ||
| Q2 24 | -36.6% | 33.9% | ||
| Q1 24 | -59.6% | 36.7% |
| Q4 25 | $-0.16 | $0.59 | ||
| Q3 25 | $-0.19 | $0.43 | ||
| Q2 25 | $-0.20 | $0.53 | ||
| Q1 25 | $-0.18 | $0.35 | ||
| Q4 24 | $-0.18 | $0.46 | ||
| Q3 24 | $-0.28 | $0.69 | ||
| Q2 24 | $-0.11 | $0.24 | ||
| Q1 24 | $-0.19 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $353.4M | — |
| Stockholders' EquityBook value | $358.0M | $510.9M |
| Total Assets | $840.8M | $644.0M |
| Debt / EquityLower = less leverage | 0.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $111.0M | ||
| Q3 25 | $160.9M | $101.2M | ||
| Q2 25 | $192.6M | $102.8M | ||
| Q1 25 | $236.6M | $99.7M | ||
| Q4 24 | $274.2M | $98.1M | ||
| Q3 24 | $96.9M | $92.7M | ||
| Q2 24 | $112.3M | $209.9M | ||
| Q1 24 | $138.2M | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $369.2M | $492.4M | ||
| Q2 25 | $390.4M | $480.2M | ||
| Q1 25 | $405.6M | $464.9M | ||
| Q4 24 | $417.9M | $460.5M | ||
| Q3 24 | $458.6M | $446.8M | ||
| Q2 24 | $470.7M | $424.8M | ||
| Q1 24 | $432.9M | $419.7M |
| Q4 25 | $840.8M | $644.0M | ||
| Q3 25 | $855.1M | $619.0M | ||
| Q2 25 | $867.6M | $602.3M | ||
| Q1 25 | $909.0M | $588.3M | ||
| Q4 24 | $941.4M | $581.5M | ||
| Q3 24 | $797.5M | $565.2M | ||
| Q2 24 | $797.3M | $529.6M | ||
| Q1 24 | $803.6M | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | $-16.1M | $14.4M |
| FCF MarginFCF / Revenue | -27.8% | 36.6% |
| Capex IntensityCapex / Revenue | 3.0% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-71.4M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $31.7M | ||
| Q3 25 | $-6.2M | $25.3M | ||
| Q2 25 | $-7.6M | $22.9M | ||
| Q1 25 | $-29.0M | $20.3M | ||
| Q4 24 | $-6.7M | $26.0M | ||
| Q3 24 | $-22.8M | $20.8M | ||
| Q2 24 | $-19.7M | $11.4M | ||
| Q1 24 | $-9.3M | $15.7M |
| Q4 25 | $-16.1M | $14.4M | ||
| Q3 25 | $-10.3M | $5.9M | ||
| Q2 25 | $-13.6M | $7.3M | ||
| Q1 25 | $-31.4M | $13.9M | ||
| Q4 24 | $-8.6M | $13.2M | ||
| Q3 24 | $-29.3M | $10.8M | ||
| Q2 24 | $-23.4M | $9.0M | ||
| Q1 24 | $-11.7M | $14.6M |
| Q4 25 | -27.8% | 36.6% | ||
| Q3 25 | -19.2% | 14.9% | ||
| Q2 25 | -26.4% | 21.0% | ||
| Q1 25 | -58.0% | 32.7% | ||
| Q4 24 | -14.8% | 33.8% | ||
| Q3 24 | -54.3% | 36.1% | ||
| Q2 24 | -44.7% | 34.5% | ||
| Q1 24 | -22.3% | 48.1% |
| Q4 25 | 3.0% | 43.8% | ||
| Q3 25 | 7.8% | 48.6% | ||
| Q2 25 | 11.6% | 45.2% | ||
| Q1 25 | 4.4% | 15.0% | ||
| Q4 24 | 3.2% | 32.9% | ||
| Q3 24 | 12.1% | 33.3% | ||
| Q2 24 | 7.0% | 9.4% | ||
| Q1 24 | 4.4% | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
