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Side-by-side financial comparison of Alector, Inc. (ALEC) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $6.2M, roughly 1.1× Alector, Inc.). On growth, Terra Property Trust, Inc. posted the faster year-over-year revenue change (-37.4% vs -88.5%). Over the past eight quarters, Terra Property Trust, Inc.'s revenue compounded faster (-31.3% CAGR vs -37.4%).

Alector, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies for neurodegenerative diseases. Its product pipeline targets unmet medical needs including Alzheimer’s disease, frontotemporal dementia, and Parkinson’s disease, and it collaborates with global pharmaceutical partners to advance candidate therapies through clinical trials.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

ALEC vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.1× larger
TPTA
$7.1M
$6.2M
ALEC
Growing faster (revenue YoY)
TPTA
TPTA
+51.1% gap
TPTA
-37.4%
-88.5%
ALEC
Faster 2-yr revenue CAGR
TPTA
TPTA
Annualised
TPTA
-31.3%
-37.4%
ALEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALEC
ALEC
TPTA
TPTA
Revenue
$6.2M
$7.1M
Net Profit
$-10.6M
Gross Margin
Operating Margin
-48.8%
Net Margin
-150.2%
Revenue YoY
-88.5%
-37.4%
Net Profit YoY
-1696.9%
32.0%
EPS (diluted)
$-0.43

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.

Revenue
ALEC
ALEC
TPTA
TPTA
Q4 25
$6.2M
$7.1M
Q3 25
$3.3M
$7.3M
Q2 25
$7.9M
$8.6M
Q1 25
$3.7M
$12.5M
Q4 24
$54.2M
$11.3M
Q3 24
$15.3M
$12.2M
Q2 24
$15.1M
$11.2M
Q1 24
$15.9M
$15.0M
Net Profit
ALEC
ALEC
TPTA
TPTA
Q4 25
$-10.6M
Q3 25
$-34.7M
$-6.7M
Q2 25
$-30.5M
$-9.2M
Q1 25
$-40.5M
$-1.3M
Q4 24
$-2.1M
$-15.6M
Q3 24
$-42.2M
$-7.8M
Q2 24
$-38.7M
$-7.5M
Q1 24
$-36.1M
$-6.2M
Operating Margin
ALEC
ALEC
TPTA
TPTA
Q4 25
-48.8%
Q3 25
-1153.6%
6.7%
Q2 25
-433.6%
-28.4%
Q1 25
-1216.5%
32.8%
Q4 24
-13.4%
-72.3%
Q3 24
-315.7%
54.1%
Q2 24
-302.4%
6.3%
Q1 24
-275.0%
32.0%
Net Margin
ALEC
ALEC
TPTA
TPTA
Q4 25
-150.2%
Q3 25
-1063.4%
-92.4%
Q2 25
-387.7%
-106.5%
Q1 25
-1101.6%
-10.3%
Q4 24
-3.8%
-138.3%
Q3 24
-275.2%
-63.9%
Q2 24
-256.4%
-67.5%
Q1 24
-227.0%
-41.2%
EPS (diluted)
ALEC
ALEC
TPTA
TPTA
Q4 25
$-0.43
Q3 25
$-0.34
$-0.28
Q2 25
$-0.30
$-0.38
Q1 25
$-0.41
$-0.05
Q4 24
$-0.02
$-0.65
Q3 24
$-0.43
$-0.32
Q2 24
$-0.40
$-0.31
Q1 24
$-0.38
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALEC
ALEC
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$256.0M
$33.2M
Total DebtLower is stronger
$10.0M
$178.9M
Stockholders' EquityBook value
$30.6M
$146.5M
Total Assets
$293.2M
$351.5M
Debt / EquityLower = less leverage
0.33×
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
TPTA
TPTA
Q4 25
$256.0M
$33.2M
Q3 25
$291.1M
$17.4M
Q2 25
$307.3M
$5.9M
Q1 25
$354.6M
$11.9M
Q4 24
$413.4M
$8.6M
Q3 24
$457.2M
$21.2M
Q2 24
$503.3M
$18.9M
Q1 24
$562.1M
$17.9M
Total Debt
ALEC
ALEC
TPTA
TPTA
Q4 25
$10.0M
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$10.0M
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
ALEC
ALEC
TPTA
TPTA
Q4 25
$30.6M
$146.5M
Q3 25
$57.7M
$159.7M
Q2 25
$71.2M
$168.5M
Q1 25
$94.6M
$179.9M
Q4 24
$126.8M
$185.7M
Q3 24
$118.9M
$206.2M
Q2 24
$150.6M
$218.6M
Q1 24
$178.9M
$230.5M
Total Assets
ALEC
ALEC
TPTA
TPTA
Q4 25
$293.2M
$351.5M
Q3 25
$335.3M
$398.1M
Q2 25
$356.4M
$459.3M
Q1 25
$408.3M
$495.2M
Q4 24
$468.3M
$542.8M
Q3 24
$516.0M
$546.8M
Q2 24
$570.7M
$634.4M
Q1 24
$635.5M
$640.2M
Debt / Equity
ALEC
ALEC
TPTA
TPTA
Q4 25
0.33×
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
0.08×
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALEC
ALEC
TPTA
TPTA
Operating Cash FlowLast quarter
$-184.0M
$1.9M
Free Cash FlowOCF − Capex
$-184.1M
FCF MarginFCF / Revenue
-2951.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
TPTA
TPTA
Q4 25
$-184.0M
$1.9M
Q3 25
$-32.5M
$-4.3M
Q2 25
$-49.0M
$1.2M
Q1 25
$-60.8M
$861.6K
Q4 24
$-55.0M
$-3.3M
Q3 24
$-50.7M
$1.7M
Q2 24
$-62.8M
$-3.1M
Q1 24
$-61.3M
$-4.2M
Free Cash Flow
ALEC
ALEC
TPTA
TPTA
Q4 25
$-184.1M
Q3 25
$-32.5M
Q2 25
$-49.1M
Q1 25
$-60.8M
Q4 24
$-55.2M
Q3 24
$-50.9M
Q2 24
$-63.1M
Q1 24
$-61.9M
FCF Margin
ALEC
ALEC
TPTA
TPTA
Q4 25
-2951.3%
Q3 25
-997.6%
Q2 25
-623.0%
Q1 25
-1655.0%
Q4 24
-101.8%
Q3 24
-332.1%
Q2 24
-418.6%
Q1 24
-389.3%
Capex Intensity
ALEC
ALEC
TPTA
TPTA
Q4 25
0.7%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.5%
Q4 24
0.3%
0.0%
Q3 24
1.4%
Q2 24
2.2%
Q1 24
3.4%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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