Which has grown faster, GDYN or INDI?

Over the past five years, INDI grew revenue faster — GDYN at a 24.16% CAGR versus INDI at 48.95%.

Is GDYN or INDI more profitable?

GDYN runs the higher net margin — GDYN at 0.68% versus INDI at -65.18%.

How have GDYN and INDI total returns compared?

Over the past 5 years, GDYN delivered -23.01% and INDI delivered -24.23% annualized total return. Past performance doesn't predict future results.

Grid Dynamics Holdings, Inc. (GDYN) vs indie Semiconductor, Inc. (INDI)

A side-by-side comparison of Grid Dynamics Holdings, Inc. and indie Semiconductor, Inc. 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.

GDYN

Grid Dynamics Holdings, Inc.

$635M

$7.83TechnologyDelayed quote: Oct 6, 2026, 10:00 AM EDT

INDI

indie Semiconductor, Inc.

$620M

$2.94TechnologyDelayed quote: Oct 6, 2026, 10:00 AM EDT

Total return — GDYN vs INDI

growth of $100 · dividends reinvested · last 7y

GDYN -22.5% (-3.6%/yr)INDI -70.3% (-15.9%/yr)GDYN compounded faster over this window

GDYN INDI

GDYN vs INDI: by the numbers

•GDYN is the larger company ($635M vs $620M market cap).
•GDYN is profitable (0.68% net margin) while INDI runs a net loss (-65.18%).
•INDI grew revenue faster over the past five years (48.95% vs 24.16% CAGR).

Metrics side by side

Valuation

Metric	GDYN	INDI
P/E ratio	287.87	N/A
P/S ratio	1.50	2.68
P/B ratio	1.22	2.10
EV / EBITDA	14.72	N/A
FCF yield	2.52%	N/A

Profitability

Metric	GDYN	INDI
Gross margin	34.72%	40.28%
Operating margin	-0.44%	-62.69%
Net margin	0.68%	-65.18%
ROE	0.55%	-51.13%
ROIC	-0.19%	-18.86%

Growth (annualized)

Metric	GDYN	INDI
Revenue CAGR (5Y)	24.16%	48.95%
FCF CAGR (5Y)	8.96%	N/A
Total return CAGR (5Y)	-23.01%	-24.23%

Frequently asked

Which has grown faster, GDYN or INDI?: Over the past five years, INDI grew revenue faster — GDYN at a 24.16% CAGR versus INDI at 48.95%.
Is GDYN or INDI more profitable?: GDYN runs the higher net margin — GDYN at 0.68% versus INDI at -65.18%.
How have GDYN and INDI total returns compared?: Over the past 5 years, GDYN delivered -23.01% and INDI delivered -24.23% annualized total return. Past performance doesn't predict future results.

Go deeper

Full GDYN analysis Full INDI analysis Interactive comparison tool

Dig into the metrics

Grid Dynamics P/E ratio Grid Dynamics ROE indie Semiconductor ROE Grid Dynamics operating margin indie Semiconductor operating margin Grid Dynamics revenue growth indie Semiconductor revenue growth Grid Dynamics free cash flow indie Semiconductor free cash flow

Grid Dynamics & indie Semiconductor appear in these rankings

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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.