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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and BXP, Inc. (BXP). Click either name above to swap in a different company.

BXP, Inc. is the larger business by last-quarter revenue ($877.1M vs $10.9M, roughly 80.5× Angel Oak Mortgage REIT, Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs 28.3%, a 75.6% gap on every dollar of revenue. On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs 2.2%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs 2.2%).

Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.

BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.

AOMR vs BXP — Head-to-Head

Bigger by revenue
BXP
BXP
80.5× larger
BXP
$877.1M
$10.9M
AOMR
Growing faster (revenue YoY)
AOMR
AOMR
+8.3% gap
AOMR
10.4%
2.2%
BXP
Higher net margin
AOMR
AOMR
75.6% more per $
AOMR
103.9%
28.3%
BXP
Faster 2-yr revenue CAGR
AOMR
AOMR
Annualised
AOMR
12.7%
2.2%
BXP

Income Statement — Q4 2025 vs Q4 2025

Metric
AOMR
AOMR
BXP
BXP
Revenue
$10.9M
$877.1M
Net Profit
$11.3M
$248.4M
Gross Margin
58.8%
Operating Margin
Net Margin
103.9%
28.3%
Revenue YoY
10.4%
2.2%
Net Profit YoY
175.2%
208.5%
EPS (diluted)
$0.44
$1.56

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
AOMR
AOMR
BXP
BXP
Q4 25
$10.9M
$877.1M
Q3 25
$10.2M
$871.5M
Q2 25
$9.9M
$868.5M
Q1 25
$10.1M
$865.2M
Q4 24
$9.9M
$858.6M
Q3 24
$9.0M
$859.2M
Q2 24
$9.5M
$850.5M
Q1 24
$8.6M
$839.4M
Net Profit
AOMR
AOMR
BXP
BXP
Q4 25
$11.3M
$248.4M
Q3 25
$11.4M
$-121.7M
Q2 25
$767.0K
$89.0M
Q1 25
$20.5M
$61.2M
Q4 24
$-15.1M
$-228.9M
Q3 24
$31.2M
$83.6M
Q2 24
$-273.0K
$79.6M
Q1 24
$12.9M
$79.9M
Gross Margin
AOMR
AOMR
BXP
BXP
Q4 25
58.8%
Q3 25
59.3%
Q2 25
59.2%
Q1 25
59.2%
Q4 24
59.7%
Q3 24
59.5%
Q2 24
59.8%
Q1 24
60.6%
Operating Margin
AOMR
AOMR
BXP
BXP
Q4 25
Q3 25
Q2 25
7.7%
Q1 25
Q4 24
-152.6%
Q3 24
Q2 24
-1.4%
Q1 24
Net Margin
AOMR
AOMR
BXP
BXP
Q4 25
103.9%
28.3%
Q3 25
112.1%
-14.0%
Q2 25
7.7%
10.2%
Q1 25
203.5%
7.1%
Q4 24
-152.6%
-26.7%
Q3 24
345.9%
9.7%
Q2 24
-2.9%
9.4%
Q1 24
150.1%
9.5%
EPS (diluted)
AOMR
AOMR
BXP
BXP
Q4 25
$0.44
$1.56
Q3 25
$0.46
$-0.77
Q2 25
$0.03
$0.56
Q1 25
$0.87
$0.39
Q4 24
$-0.62
$-1.46
Q3 24
$1.29
$0.53
Q2 24
$-0.01
$0.51
Q1 24
$0.51
$0.51

Balance Sheet & Financial Strength

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

Metric
AOMR
AOMR
BXP
BXP
Cash + ST InvestmentsLiquidity on hand
$41.6M
$1.5B
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$267.5M
$5.1B
Total Assets
$2.7B
$26.2B
Debt / EquityLower = less leverage
8.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOMR
AOMR
BXP
BXP
Q4 25
$41.6M
$1.5B
Q3 25
$51.6M
$861.1M
Q2 25
$40.5M
$447.0M
Q1 25
$38.7M
$398.1M
Q4 24
$40.8M
$1.3B
Q3 24
$42.1M
$1.4B
Q2 24
$44.0M
$685.4M
Q1 24
$39.4M
$701.7M
Total Debt
AOMR
AOMR
BXP
BXP
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
Q1 25
Q4 24
$1.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AOMR
AOMR
BXP
BXP
Q4 25
$267.5M
$5.1B
Q3 25
$264.2M
$5.0B
Q2 25
$246.4M
$5.3B
Q1 25
$251.5M
$5.3B
Q4 24
$239.0M
$5.4B
Q3 24
$265.1M
$5.8B
Q2 24
$255.8M
$5.8B
Q1 24
$263.3M
$5.9B
Total Assets
AOMR
AOMR
BXP
BXP
Q4 25
$2.7B
$26.2B
Q3 25
$2.6B
$26.0B
Q2 25
$2.6B
$25.6B
Q1 25
$2.7B
$25.4B
Q4 24
$2.3B
$26.1B
Q3 24
$2.3B
$26.4B
Q2 24
$2.1B
$25.5B
Q1 24
$2.3B
$25.5B
Debt / Equity
AOMR
AOMR
BXP
BXP
Q4 25
8.51×
Q3 25
8.37×
Q2 25
Q1 25
Q4 24
7.62×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
AOMR
AOMR
BXP
BXP
Operating Cash FlowLast quarter
$-52.5M
$407.8M
Free Cash FlowOCF − Capex
$362.7M
FCF MarginFCF / Revenue
41.4%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
-4.64×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOMR
AOMR
BXP
BXP
Q4 25
$-52.5M
$407.8M
Q3 25
$-173.4M
$274.2M
Q2 25
$20.6M
$353.1M
Q1 25
$-201.7M
$210.0M
Q4 24
$-25.1M
$383.7M
Q3 24
$-212.4M
$286.1M
Q2 24
$-24.2M
$367.1M
Q1 24
$40.2M
$197.6M
Free Cash Flow
AOMR
AOMR
BXP
BXP
Q4 25
$362.7M
Q3 25
$231.6M
Q2 25
$281.5M
Q1 25
$152.6M
Q4 24
$312.5M
Q3 24
$234.5M
Q2 24
$332.4M
Q1 24
$165.5M
FCF Margin
AOMR
AOMR
BXP
BXP
Q4 25
41.4%
Q3 25
26.6%
Q2 25
32.4%
Q1 25
17.6%
Q4 24
36.4%
Q3 24
27.3%
Q2 24
39.1%
Q1 24
19.7%
Capex Intensity
AOMR
AOMR
BXP
BXP
Q4 25
5.1%
Q3 25
4.9%
Q2 25
8.2%
Q1 25
6.6%
Q4 24
8.3%
Q3 24
6.0%
Q2 24
4.1%
Q1 24
3.8%
Cash Conversion
AOMR
AOMR
BXP
BXP
Q4 25
-4.64×
1.64×
Q3 25
-15.19×
Q2 25
26.92×
3.97×
Q1 25
-9.83×
3.43×
Q4 24
Q3 24
-6.81×
3.42×
Q2 24
4.61×
Q1 24
3.12×
2.47×

Financial Flow Comparison

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

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