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Side-by-side financial comparison of CREDIT ACCEPTANCE CORP (CACC) and First Internet Bancorp (INBK), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
CREDIT ACCEPTANCE CORP is the larger business by last-quarter revenue ($579.9M vs $30.3M, roughly 19.1× First Internet Bancorp). CREDIT ACCEPTANCE CORP runs the higher net margin — 21.0% vs 17.4%, a 3.6% gap on every dollar of revenue. On growth, First Internet Bancorp posted the faster year-over-year revenue change (28.8% vs 2.5%). CREDIT ACCEPTANCE CORP produced more free cash flow last quarter ($268.9M vs $23.4M). Over the past eight quarters, First Internet Bancorp's revenue compounded faster (20.9% CAGR vs 6.8%).
Credit Acceptance Corporation is an auto finance company providing automobile loans and other related financial products. The company operates its financial program through a national network of dealer-partners, the automobile dealers participating in the programs. The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans a...
First Internet Bank of Indiana (First IB) is the sole subsidiary of First Internet Bancorp, an American bank holding company headquartered in Fishers, Indiana. It was established as one of the first state-chartered banks to operate exclusively online and via telephone, without any physical branches.
CACC vs INBK — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $579.9M | $30.3M |
| Net Profit | $122.0M | $5.3M |
| Gross Margin | — | — |
| Operating Margin | 27.1% | 18.1% |
| Net Margin | 21.0% | 17.4% |
| Revenue YoY | 2.5% | 28.8% |
| Net Profit YoY | -19.7% | -27.8% |
| EPS (diluted) | $10.87 | $0.60 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $579.9M | $30.3M | ||
| Q3 25 | $582.4M | $30.4M | ||
| Q2 25 | $583.8M | $28.0M | ||
| Q1 25 | $571.1M | $25.1M | ||
| Q4 24 | $565.9M | $23.6M | ||
| Q3 24 | $550.3M | $21.8M | ||
| Q2 24 | $538.2M | $21.3M | ||
| Q1 24 | $508.0M | $20.7M |
| Q4 25 | $122.0M | $5.3M | ||
| Q3 25 | $108.2M | $-41.6M | ||
| Q2 25 | $87.4M | $193.0K | ||
| Q1 25 | $106.3M | $943.0K | ||
| Q4 24 | $151.9M | $7.3M | ||
| Q3 24 | $78.8M | $7.0M | ||
| Q2 24 | $-47.1M | $5.8M | ||
| Q1 24 | $64.3M | $5.2M |
| Q4 25 | 27.1% | 18.1% | ||
| Q3 25 | 25.6% | -179.7% | ||
| Q2 25 | 20.2% | -6.6% | ||
| Q1 25 | 24.8% | 0.1% | ||
| Q4 24 | 33.9% | 35.4% | ||
| Q3 24 | 19.4% | 35.0% | ||
| Q2 24 | -10.3% | 28.1% | ||
| Q1 24 | 17.0% | 27.1% |
| Q4 25 | 21.0% | 17.4% | ||
| Q3 25 | 18.6% | -137.0% | ||
| Q2 25 | 15.0% | 0.7% | ||
| Q1 25 | 18.6% | 3.8% | ||
| Q4 24 | 26.8% | 31.1% | ||
| Q3 24 | 14.3% | 32.1% | ||
| Q2 24 | -8.8% | 27.1% | ||
| Q1 24 | 12.7% | 25.0% |
| Q4 25 | $10.87 | $0.60 | ||
| Q3 25 | $9.43 | $-4.76 | ||
| Q2 25 | $7.42 | $0.02 | ||
| Q1 25 | $8.66 | $0.11 | ||
| Q4 24 | $12.28 | $0.82 | ||
| Q3 24 | $6.35 | $0.80 | ||
| Q2 24 | $-3.83 | $0.67 | ||
| Q1 24 | $5.08 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.8M | $456.8M |
| Total DebtLower is stronger | — | $249.5M |
| Stockholders' EquityBook value | $1.5B | $359.8M |
| Total Assets | $8.6B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $22.8M | $456.8M | ||
| Q3 25 | $15.9M | $787.7M | ||
| Q2 25 | $70.0M | $446.4M | ||
| Q1 25 | $528.8M | $394.5M | ||
| Q4 24 | $343.7M | $466.4M | ||
| Q3 24 | $159.7M | $712.5M | ||
| Q2 24 | $8.3M | $396.8M | ||
| Q1 24 | $8.4M | $481.3M |
| Q4 25 | — | $249.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $295.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $359.8M | ||
| Q3 25 | $1.6B | $352.2M | ||
| Q2 25 | $1.6B | $390.2M | ||
| Q1 25 | $1.7B | $387.7M | ||
| Q4 24 | $1.7B | $384.1M | ||
| Q3 24 | $1.6B | $385.1M | ||
| Q2 24 | $1.6B | $372.0M | ||
| Q1 24 | $1.7B | $366.7M |
| Q4 25 | $8.6B | $5.6B | ||
| Q3 25 | $8.6B | $5.6B | ||
| Q2 25 | $8.7B | $6.1B | ||
| Q1 25 | $9.3B | $5.9B | ||
| Q4 24 | $8.9B | $5.7B | ||
| Q3 24 | $8.7B | $5.8B | ||
| Q2 24 | $8.3B | $5.3B | ||
| Q1 24 | $8.1B | $5.3B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $269.3M | $23.7M |
| Free Cash FlowOCF − Capex | $268.9M | $23.4M |
| FCF MarginFCF / Revenue | 46.4% | 77.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 0.1% | 0.9% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.21× | 4.49× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | $2.2M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $269.3M | $23.7M | ||
| Q3 25 | $299.4M | $37.1M | ||
| Q2 25 | $139.7M | $-90.2M | ||
| Q1 25 | $346.2M | $32.8M | ||
| Q4 24 | $306.2M | $-6.2M | ||
| Q3 24 | $317.7M | $331.0K | ||
| Q2 24 | $204.0M | $16.0M | ||
| Q1 24 | $310.0M | $2.8M |
| Q4 25 | $268.9M | $23.4M | ||
| Q3 25 | $298.8M | $37.0M | ||
| Q2 25 | $139.4M | $-90.8M | ||
| Q1 25 | $345.9M | $32.6M | ||
| Q4 24 | $305.5M | $-6.7M | ||
| Q3 24 | $317.3M | $-270.0K | ||
| Q2 24 | $203.6M | $15.5M | ||
| Q1 24 | $309.7M | $1.9M |
| Q4 25 | 46.4% | 77.3% | ||
| Q3 25 | 51.3% | 121.8% | ||
| Q2 25 | 23.9% | -324.5% | ||
| Q1 25 | 60.6% | 130.1% | ||
| Q4 24 | 54.0% | -28.2% | ||
| Q3 24 | 57.7% | -1.2% | ||
| Q2 24 | 37.8% | 72.5% | ||
| Q1 24 | 61.0% | 8.9% |
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.1% | 2.3% | ||
| Q1 25 | 0.1% | 0.7% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.1% | 2.6% | ||
| Q1 24 | 0.1% | 4.5% |
| Q4 25 | 2.21× | 4.49× | ||
| Q3 25 | 2.77× | — | ||
| Q2 25 | 1.60× | -467.21× | ||
| Q1 25 | 3.26× | 34.81× | ||
| Q4 24 | 2.02× | -0.84× | ||
| Q3 24 | 4.03× | 0.05× | ||
| Q2 24 | — | 2.77× | ||
| Q1 24 | 4.82× | 0.54× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
