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

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $40.1M, roughly 1.4× Strawberry Fields REIT, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -53.8%, a 58.9% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -0.0%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

INDI vs STRW — Head-to-Head

Bigger by revenue
INDI
INDI
1.4× larger
INDI
$58.0M
$40.1M
STRW
Growing faster (revenue YoY)
STRW
STRW
+31.5% gap
STRW
31.5%
-0.0%
INDI
Higher net margin
STRW
STRW
58.9% more per $
STRW
5.0%
-53.8%
INDI
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
5.3%
INDI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INDI
INDI
STRW
STRW
Revenue
$58.0M
$40.1M
Net Profit
$-31.2M
$2.0M
Gross Margin
37.3%
Operating Margin
-58.5%
52.4%
Net Margin
-53.8%
5.0%
Revenue YoY
-0.0%
31.5%
Net Profit YoY
9.1%
37.6%
EPS (diluted)
$-0.16
$0.15

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
STRW
STRW
Q4 25
$58.0M
$40.1M
Q3 25
$53.7M
$39.7M
Q2 25
$51.6M
$37.9M
Q1 25
$54.1M
$37.3M
Q4 24
$58.0M
$30.5M
Q3 24
$54.0M
$29.5M
Q2 24
$52.4M
$29.3M
Q1 24
$52.4M
$27.8M
Net Profit
INDI
INDI
STRW
STRW
Q4 25
$-31.2M
$2.0M
Q3 25
$-38.3M
$2.0M
Q2 25
$-39.0M
$2.0M
Q1 25
$-34.5M
$1.6M
Q4 24
$-34.4M
$1.5M
Q3 24
$-49.7M
$944.0K
Q2 24
$-19.2M
$938.0K
Q1 24
$-31.2M
$746.0K
Gross Margin
INDI
INDI
STRW
STRW
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
STRW
STRW
Q4 25
-58.5%
52.4%
Q3 25
-71.4%
56.6%
Q2 25
-83.3%
54.5%
Q1 25
-72.0%
54.1%
Q4 24
-58.4%
51.5%
Q3 24
-92.5%
54.4%
Q2 24
-70.0%
52.3%
Q1 24
-94.8%
51.3%
Net Margin
INDI
INDI
STRW
STRW
Q4 25
-53.8%
5.0%
Q3 25
-71.3%
5.1%
Q2 25
-75.6%
5.2%
Q1 25
-63.9%
4.2%
Q4 24
-59.2%
4.8%
Q3 24
-92.1%
3.2%
Q2 24
-36.6%
3.2%
Q1 24
-59.6%
2.7%
EPS (diluted)
INDI
INDI
STRW
STRW
Q4 25
$-0.16
$0.15
Q3 25
$-0.19
$0.16
Q2 25
$-0.20
$0.16
Q1 25
$-0.18
$0.13
Q4 24
$-0.18
$0.17
Q3 24
$-0.28
$0.14
Q2 24
$-0.11
$0.14
Q1 24
$-0.19
$0.12

Balance Sheet & Financial Strength

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

Metric
INDI
INDI
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$145.5M
$31.8M
Total DebtLower is stronger
$353.4M
$794.7M
Stockholders' EquityBook value
$358.0M
$12.1M
Total Assets
$840.8M
$885.2M
Debt / EquityLower = less leverage
0.99×
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDI
INDI
STRW
STRW
Q4 25
$145.5M
$31.8M
Q3 25
$160.9M
$19.8M
Q2 25
$192.6M
$96.3M
Q1 25
$236.6M
$42.3M
Q4 24
$274.2M
$48.4M
Q3 24
$96.9M
$29.3M
Q2 24
$112.3M
$16.1M
Q1 24
$138.2M
$15.1M
Total Debt
INDI
INDI
STRW
STRW
Q4 25
$353.4M
$794.7M
Q3 25
$353.5M
$779.4M
Q2 25
$352.5M
$794.1M
Q1 25
$379.0M
$715.5M
Q4 24
$381.3M
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
INDI
INDI
STRW
STRW
Q4 25
$358.0M
$12.1M
Q3 25
$369.2M
$14.2M
Q2 25
$390.4M
$15.5M
Q1 25
$405.6M
$19.6M
Q4 24
$417.9M
$18.2M
Q3 24
$458.6M
$12.6M
Q2 24
$470.7M
$7.4M
Q1 24
$432.9M
$7.5M
Total Assets
INDI
INDI
STRW
STRW
Q4 25
$840.8M
$885.2M
Q3 25
$855.1M
$880.6M
Q2 25
$867.6M
$897.3M
Q1 25
$909.0M
$834.8M
Q4 24
$941.4M
$787.6M
Q3 24
$797.5M
$661.5M
Q2 24
$797.3M
$635.9M
Q1 24
$803.6M
$634.9M
Debt / Equity
INDI
INDI
STRW
STRW
Q4 25
0.99×
65.64×
Q3 25
0.96×
54.70×
Q2 25
0.90×
51.26×
Q1 25
0.93×
36.47×
Q4 24
0.91×
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-14.4M
$90.0M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDI
INDI
STRW
STRW
Q4 25
$-14.4M
$90.0M
Q3 25
$-6.2M
$20.7M
Q2 25
$-7.6M
$29.8M
Q1 25
$-29.0M
$19.0M
Q4 24
$-6.7M
$59.3M
Q3 24
$-22.8M
$11.8M
Q2 24
$-19.7M
$20.6M
Q1 24
$-9.3M
$2.1M
Free Cash Flow
INDI
INDI
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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%
Cash Conversion
INDI
INDI
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

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%

STRW
STRW

Segment breakdown not available.

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