Fidus Investment Corporation (FDUS) vs Independent Bank Corporation (IBCP)

A side-by-side comparison of Fidus Investment Corporation and Independent Bank Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total return — FDUS vs IBCP

growth of $100 · dividends reinvested · last 10y
FDUS +273.9% (+14.1%/yr)IBCP +207.1% (+11.9%/yr)FDUS compounded faster over this window
100200300400Start $10020182020202220242026$374$307
FDUS IBCP

FDUS vs IBCP: by the numbers

  • •IBCP is the larger company ($740M vs $728M market cap).
  • •FDUS trades at the lower trailing earnings multiple (9.17 vs 10.44 P/E), one valuation lens rather than an overall verdict.
  • •FDUS converts more revenue to profit (52.34% vs 22.71% net margin).
  • •IBCP grew revenue faster over the past five years (7.43% vs 5.25% CAGR).
  • •FDUS pays the higher dividend yield (11.19% vs 3.06%).

Metrics side by side

Valuation

MetricFDUSIBCP
P/E ratio9.1710.44
Forward P/E8.9910.08
PEG ratio0.731.98
P/S ratio4.932.34
P/B ratio0.991.40

Profitability

MetricFDUSIBCP
Gross margin73.60%N/A
Operating margin69.82%26.72%
Net margin52.34%22.71%
ROE10.47%13.58%

Independent Bank Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

MetricFDUSIBCP
Dividend yield11.19%3.06%
Payout ratio102.39%31.98%

Growth (annualized)

MetricFDUSIBCP
Revenue CAGR (5Y)5.25%7.43%
EPS CAGR (5Y)12.63%5.21%
Total return CAGR (5Y)14.50%14.52%

Frequently asked

Which has the lower trailing P/E, FDUS or IBCP?
FDUS has the lower trailing P/E: FDUS trades at 9.17 and IBCP at 10.44. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FDUS or IBCP?
Over the past five years, IBCP grew revenue faster — FDUS at a 5.25% CAGR versus IBCP at 7.43%.
Does FDUS or IBCP pay a bigger dividend?
FDUS yields 11.19% and IBCP yields 3.06% based on trailing dividends and the latest price.
Is FDUS or IBCP more profitable?
FDUS runs the higher net margin — FDUS at 52.34% versus IBCP at 22.71%.
How have FDUS and IBCP total returns compared?
Over the past 10 years, FDUS delivered 14.10% and IBCP delivered 11.85% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.