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Side-by-side financial comparison of APARTMENT INVESTMENT & MANAGEMENT CO (AIV) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.1M, roughly 2.0× APARTMENT INVESTMENT & MANAGEMENT CO). APARTMENT INVESTMENT & MANAGEMENT CO runs the higher net margin — 14155.2% vs -188.3%, a 14343.5% gap on every dollar of revenue. On growth, APARTMENT INVESTMENT & MANAGEMENT CO posted the faster year-over-year revenue change (16.7% vs -52.5%). Over the past eight quarters, CaliberCos Inc.'s revenue compounded faster (-57.6% CAGR vs -79.5%).
Beach Point Capital Management is an American hedge fund management firm headquartered in Santa Monica, California.The firm focuses on credit related investments.
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
AIV vs CWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1M | $4.1M |
| Net Profit | $297.3M | $-7.7M |
| Gross Margin | — | — |
| Operating Margin | — | -196.6% |
| Net Margin | 14155.2% | -188.3% |
| Revenue YoY | 16.7% | -52.5% |
| Net Profit YoY | 2721.3% | 32.2% |
| EPS (diluted) | $2.07 | $1.95 |
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.
| Q4 25 | $2.1M | $4.1M | ||
| Q3 25 | $35.1M | $3.6M | ||
| Q2 25 | $52.8M | $5.1M | ||
| Q1 25 | $52.4M | $7.3M | ||
| Q4 24 | $1.8M | $8.7M | ||
| Q3 24 | $35.3M | $11.3M | ||
| Q2 24 | $51.1M | $8.2M | ||
| Q1 24 | $50.2M | $23.0M |
| Q4 25 | $297.3M | $-7.7M | ||
| Q3 25 | $283.1M | $-4.4M | ||
| Q2 25 | $-19.3M | $-5.3M | ||
| Q1 25 | $-13.9M | $-4.4M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-21.9M | $146.0K | ||
| Q2 24 | $-60.5M | $-4.7M | ||
| Q1 24 | $-10.2M | $-3.8M |
| Q4 25 | — | -196.6% | ||
| Q3 25 | 51.9% | -129.6% | ||
| Q2 25 | 56.0% | -112.4% | ||
| Q1 25 | 55.9% | -62.7% | ||
| Q4 24 | — | -236.8% | ||
| Q3 24 | 50.0% | 0.0% | ||
| Q2 24 | 55.9% | -65.0% | ||
| Q1 24 | 57.8% | -22.9% |
| Q4 25 | 14155.2% | -188.3% | ||
| Q3 25 | 805.9% | -120.2% | ||
| Q2 25 | -36.6% | -104.5% | ||
| Q1 25 | -26.6% | -60.7% | ||
| Q4 24 | — | -247.6% | ||
| Q3 24 | -62.1% | 1.3% | ||
| Q2 24 | -118.3% | -57.8% | ||
| Q1 24 | -20.3% | -16.6% |
| Q4 25 | $2.07 | $1.95 | ||
| Q3 25 | $2.04 | $-1.65 | ||
| Q2 25 | $-0.14 | $-4.15 | ||
| Q1 25 | $-0.10 | $-3.85 | ||
| Q4 24 | — | $-10.15 | ||
| Q3 24 | $-0.16 | $0.12 | ||
| Q2 24 | $-0.43 | $-4.34 | ||
| Q1 24 | $-0.07 | $-3.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $394.9M | $2.9M |
| Total DebtLower is stronger | $738.6M | — |
| Stockholders' EquityBook value | $361.9M | $1.3M |
| Total Assets | $1.7B | $135.4M |
| Debt / EquityLower = less leverage | 2.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.9M | $2.9M | ||
| Q3 25 | $404.4M | $10.9M | ||
| Q2 25 | $41.4M | $683.0K | ||
| Q1 25 | $49.1M | $1.6M | ||
| Q4 24 | $141.1M | $2.3M | ||
| Q3 24 | $82.6M | $1.6M | ||
| Q2 24 | $88.5M | $1.8M | ||
| Q1 24 | $121.8M | $2.1M |
| Q4 25 | $738.6M | — | ||
| Q3 25 | $828.5M | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $829.7M | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $361.9M | $1.3M | ||
| Q3 25 | $62.0M | $4.2M | ||
| Q2 25 | $91.7M | $-19.9M | ||
| Q1 25 | $110.5M | $-15.8M | ||
| Q4 24 | $123.0M | $-12.6M | ||
| Q3 24 | $229.8M | $-3.8M | ||
| Q2 24 | $253.5M | $-4.7M | ||
| Q1 24 | $335.8M | $-745.0K |
| Q4 25 | $1.7B | $135.4M | ||
| Q3 25 | $2.1B | $82.6M | ||
| Q2 25 | $1.9B | $59.3M | ||
| Q1 25 | $1.9B | $103.6M | ||
| Q4 24 | $2.0B | $105.5M | ||
| Q3 24 | $2.1B | $158.6M | ||
| Q2 24 | $2.1B | $195.2M | ||
| Q1 24 | $2.1B | $201.5M |
| Q4 25 | 2.04× | — | ||
| Q3 25 | 13.37× | — | ||
| Q2 25 | 11.99× | — | ||
| Q1 25 | 9.80× | — | ||
| Q4 24 | 6.75× | — | ||
| Q3 24 | 5.44× | — | ||
| Q2 24 | 4.78× | — | ||
| Q1 24 | 3.52× | — |
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 | $8.1M | $-12.1M |
| Free Cash FlowOCF − Capex | $-91.5M | — |
| FCF MarginFCF / Revenue | -4358.6% | — |
| Capex IntensityCapex / Revenue | 4744.0% | — |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-143.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.1M | $-12.1M | ||
| Q3 25 | $8.9M | $-4.6M | ||
| Q2 25 | $9.7M | $-1.2M | ||
| Q1 25 | $3.8M | $-1.7M | ||
| Q4 24 | $47.0M | $555.0K | ||
| Q3 24 | $16.4M | $-74.0K | ||
| Q2 24 | $8.0M | $1.4M | ||
| Q1 24 | $21.7M | $-1.5M |
| Q4 25 | $-91.5M | — | ||
| Q3 25 | $-19.3M | — | ||
| Q2 25 | $-16.8M | — | ||
| Q1 25 | $-15.4M | — | ||
| Q4 24 | $-113.0M | — | ||
| Q3 24 | $-19.6M | — | ||
| Q2 24 | $-28.9M | — | ||
| Q1 24 | $-19.2M | — |
| Q4 25 | -4358.6% | — | ||
| Q3 25 | -55.0% | — | ||
| Q2 25 | -31.8% | — | ||
| Q1 25 | -29.3% | — | ||
| Q4 24 | -6280.2% | — | ||
| Q3 24 | -55.4% | — | ||
| Q2 24 | -56.5% | — | ||
| Q1 24 | -38.3% | — |
| Q4 25 | 4744.0% | — | ||
| Q3 25 | 80.4% | — | ||
| Q2 25 | 50.1% | — | ||
| Q1 25 | 36.7% | — | ||
| Q4 24 | 8890.4% | — | ||
| Q3 24 | 101.9% | — | ||
| Q2 24 | 72.2% | — | ||
| Q1 24 | 81.5% | — |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.51× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIV
| Other Real Estate | $2.0M | 97% |
| Other | $66.0K | 3% |
CWD
Segment breakdown not available.
