Indie Semiconductor vs Power Integrations
Power Integrations is the larger business, with $444m of revenue in fiscal 2025 against $217m for Indie Semiconductor (2.0 times as much). Power Integrations grew faster (5.9% against 0.3%). Power Integrations kept more of each dollar of sales as profit: a net margin of 5.0% against -65.8%. Power Integrations carries less debt relative to equity (0.0% against 101.2%).
| Latest fiscal year | Indie SemiconductorINDI, 2025 | Power IntegrationsPOWI, 2025 |
|---|---|---|
| Revenue | $217m | $444m |
| Revenue growth | 0.3% | 5.9% |
| Net income | −$143m | $22.1m |
| Operating margin | -70.9% | 2.3% |
| Net margin | -65.8% | 5.0% |
| Return on equity | -36.9% | 3.1% |
| Free cash flow | −$71.4m | $87.1m |
| Cash | $145m | $58.8m |
| Total debt | $362m | $0 |
| Debt to equity | 101.2% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 1.9% |
| Share buybacks | — | $98.1m |
| Employees | 800 | 877 |
| Market value | $316m | $2.65bn |
| Price vs our value range | — | Above our value range |
| Moat score | 30 (Weak) | 78 (Strong) |
| Insider trades, 12 months | 0 buys, 104 sales | 0 buys, 35 sales |