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Side-by-side financial comparison of indie Semiconductor, Inc. (INDI) and Whitestone REIT (WSR). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($55.5M vs $43.9M, roughly 1.3× Whitestone REIT). On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs 2.6%). Over the past eight quarters, Whitestone REIT's revenue compounded faster (8.7% CAGR vs 2.9%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
INDI vs WSR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $55.5M | $43.9M |
| Net Profit | — | $22.8M |
| Gross Margin | 38.0% | — |
| Operating Margin | -70.1% | 53.0% |
| Net Margin | — | 52.0% |
| Revenue YoY | 2.6% | 7.5% |
| Net Profit YoY | — | 31.7% |
| EPS (diluted) | — | $0.43 |
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.
| Q1 26 | $55.5M | — | ||
| Q4 25 | $58.0M | $43.9M | ||
| Q3 25 | $53.7M | $41.0M | ||
| Q2 25 | $51.6M | $37.9M | ||
| Q1 25 | $54.1M | $38.0M | ||
| Q4 24 | $58.0M | $40.8M | ||
| Q3 24 | $54.0M | $38.6M | ||
| Q2 24 | $52.4M | $37.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-31.2M | $22.8M | ||
| Q3 25 | $-38.3M | $18.3M | ||
| Q2 25 | $-39.0M | $5.1M | ||
| Q1 25 | $-34.5M | $3.7M | ||
| Q4 24 | $-34.4M | $17.3M | ||
| Q3 24 | $-49.7M | $7.6M | ||
| Q2 24 | $-19.2M | $2.6M |
| Q1 26 | 38.0% | — | ||
| 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 26 | -70.1% | — | ||
| Q4 25 | -58.5% | 53.0% | ||
| Q3 25 | -71.4% | 45.5% | ||
| Q2 25 | -83.3% | 13.8% | ||
| Q1 25 | -72.0% | 10.2% | ||
| Q4 24 | -58.4% | 43.3% | ||
| Q3 24 | -92.5% | 20.3% | ||
| Q2 24 | -70.0% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | -53.8% | 52.0% | ||
| Q3 25 | -71.3% | 44.7% | ||
| Q2 25 | -75.6% | 13.3% | ||
| Q1 25 | -63.9% | 9.7% | ||
| Q4 24 | -59.2% | 42.5% | ||
| Q3 24 | -92.1% | 19.7% | ||
| Q2 24 | -36.6% | 6.9% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.16 | $0.43 | ||
| Q3 25 | $-0.19 | $0.35 | ||
| Q2 25 | $-0.20 | $0.10 | ||
| Q1 25 | $-0.18 | $0.07 | ||
| Q4 24 | $-0.18 | $0.34 | ||
| Q3 24 | $-0.28 | $0.15 | ||
| Q2 24 | $-0.11 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.4M | $4.9M |
| Total DebtLower is stronger | $402.8M | $649.4M |
| Stockholders' EquityBook value | $348.9M | $458.1M |
| Total Assets | $869.6M | $1.2B |
| Debt / EquityLower = less leverage | 1.15× | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.4M | — | ||
| Q4 25 | $145.5M | $4.9M | ||
| Q3 25 | $160.9M | $6.8M | ||
| Q2 25 | $192.6M | $5.3M | ||
| Q1 25 | $236.6M | $5.6M | ||
| Q4 24 | $274.2M | $5.2M | ||
| Q3 24 | $96.9M | $2.5M | ||
| Q2 24 | $112.3M | $3.2M |
| Q1 26 | $402.8M | — | ||
| Q4 25 | $353.4M | $649.4M | ||
| Q3 25 | $353.5M | — | ||
| Q2 25 | $352.5M | — | ||
| Q1 25 | $379.0M | — | ||
| Q4 24 | $381.3M | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $348.9M | — | ||
| Q4 25 | $358.0M | $458.1M | ||
| Q3 25 | $369.2M | $439.5M | ||
| Q2 25 | $390.4M | $427.5M | ||
| Q1 25 | $405.6M | $431.0M | ||
| Q4 24 | $417.9M | $438.2M | ||
| Q3 24 | $458.6M | $419.5M | ||
| Q2 24 | $470.7M | $418.3M |
| Q1 26 | $869.6M | — | ||
| Q4 25 | $840.8M | $1.2B | ||
| Q3 25 | $855.1M | $1.1B | ||
| Q2 25 | $867.6M | $1.2B | ||
| Q1 25 | $909.0M | $1.1B | ||
| Q4 24 | $941.4M | $1.1B | ||
| Q3 24 | $797.5M | $1.1B | ||
| Q2 24 | $797.3M | $1.1B |
| Q1 26 | 1.15× | — | ||
| Q4 25 | 0.99× | 1.42× | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | 0.91× | 1.44× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $50.8M |
| Free Cash FlowOCF − Capex | — | $50.5M |
| FCF MarginFCF / Revenue | — | 114.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-14.4M | $50.8M | ||
| Q3 25 | $-6.2M | $18.0M | ||
| Q2 25 | $-7.6M | $13.8M | ||
| Q1 25 | $-29.0M | $3.1M | ||
| Q4 24 | $-6.7M | $58.2M | ||
| Q3 24 | $-22.8M | $16.4M | ||
| Q2 24 | $-19.7M | $12.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-16.1M | $50.5M | ||
| Q3 25 | $-10.3M | — | ||
| Q2 25 | $-13.6M | — | ||
| Q1 25 | $-31.4M | — | ||
| Q4 24 | $-8.6M | $58.0M | ||
| Q3 24 | $-29.3M | — | ||
| Q2 24 | $-23.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | -27.8% | 114.9% | ||
| Q3 25 | -19.2% | — | ||
| Q2 25 | -26.4% | — | ||
| Q1 25 | -58.0% | — | ||
| Q4 24 | -14.8% | 142.1% | ||
| Q3 24 | -54.3% | — | ||
| Q2 24 | -44.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.7% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 3.2% | 0.5% | ||
| Q3 24 | 12.1% | — | ||
| Q2 24 | 7.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INDI
| Product revenue | $51.6M | 93% |
| Contract revenue | $3.9M | 7% |
WSR
Segment breakdown not available.
