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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.
Angel Oak Mortgage REIT, Inc. is the larger business by last-quarter revenue ($10.9M vs $4.1M, roughly 2.6× CaliberCos Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs -188.3%, a 292.2% gap on every dollar of revenue. On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs -52.5%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs -57.6%).
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.
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.
AOMR vs CWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9M | $4.1M |
| Net Profit | $11.3M | $-7.7M |
| Gross Margin | — | — |
| Operating Margin | — | -196.6% |
| Net Margin | 103.9% | -188.3% |
| Revenue YoY | 10.4% | -52.5% |
| Net Profit YoY | 175.2% | 32.2% |
| EPS (diluted) | $0.44 | $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 | $10.9M | $4.1M | ||
| Q3 25 | $10.2M | $3.6M | ||
| Q2 25 | $9.9M | $5.1M | ||
| Q1 25 | $10.1M | $7.3M | ||
| Q4 24 | $9.9M | $8.7M | ||
| Q3 24 | $9.0M | $11.3M | ||
| Q2 24 | $9.5M | $8.2M | ||
| Q1 24 | $8.6M | $23.0M |
| Q4 25 | $11.3M | $-7.7M | ||
| Q3 25 | $11.4M | $-4.4M | ||
| Q2 25 | $767.0K | $-5.3M | ||
| Q1 25 | $20.5M | $-4.4M | ||
| Q4 24 | $-15.1M | $-11.4M | ||
| Q3 24 | $31.2M | $146.0K | ||
| Q2 24 | $-273.0K | $-4.7M | ||
| Q1 24 | $12.9M | $-3.8M |
| Q4 25 | — | -196.6% | ||
| Q3 25 | — | -129.6% | ||
| Q2 25 | 7.7% | -112.4% | ||
| Q1 25 | — | -62.7% | ||
| Q4 24 | -152.6% | -236.8% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | -1.4% | -65.0% | ||
| Q1 24 | — | -22.9% |
| Q4 25 | 103.9% | -188.3% | ||
| Q3 25 | 112.1% | -120.2% | ||
| Q2 25 | 7.7% | -104.5% | ||
| Q1 25 | 203.5% | -60.7% | ||
| Q4 24 | -152.6% | -247.6% | ||
| Q3 24 | 345.9% | 1.3% | ||
| Q2 24 | -2.9% | -57.8% | ||
| Q1 24 | 150.1% | -16.6% |
| Q4 25 | $0.44 | $1.95 | ||
| Q3 25 | $0.46 | $-1.65 | ||
| Q2 25 | $0.03 | $-4.15 | ||
| Q1 25 | $0.87 | $-3.85 | ||
| Q4 24 | $-0.62 | $-10.15 | ||
| Q3 24 | $1.29 | $0.12 | ||
| Q2 24 | $-0.01 | $-4.34 | ||
| Q1 24 | $0.51 | $-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 | $41.6M | $2.9M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $267.5M | $1.3M |
| Total Assets | $2.7B | $135.4M |
| Debt / EquityLower = less leverage | 8.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.6M | $2.9M | ||
| Q3 25 | $51.6M | $10.9M | ||
| Q2 25 | $40.5M | $683.0K | ||
| Q1 25 | $38.7M | $1.6M | ||
| Q4 24 | $40.8M | $2.3M | ||
| Q3 24 | $42.1M | $1.6M | ||
| Q2 24 | $44.0M | $1.8M | ||
| Q1 24 | $39.4M | $2.1M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $267.5M | $1.3M | ||
| Q3 25 | $264.2M | $4.2M | ||
| Q2 25 | $246.4M | $-19.9M | ||
| Q1 25 | $251.5M | $-15.8M | ||
| Q4 24 | $239.0M | $-12.6M | ||
| Q3 24 | $265.1M | $-3.8M | ||
| Q2 24 | $255.8M | $-4.7M | ||
| Q1 24 | $263.3M | $-745.0K |
| Q4 25 | $2.7B | $135.4M | ||
| Q3 25 | $2.6B | $82.6M | ||
| Q2 25 | $2.6B | $59.3M | ||
| Q1 25 | $2.7B | $103.6M | ||
| Q4 24 | $2.3B | $105.5M | ||
| Q3 24 | $2.3B | $158.6M | ||
| Q2 24 | $2.1B | $195.2M | ||
| Q1 24 | $2.3B | $201.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-407.0M | $-12.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -35.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-407.0M | $-12.1M | ||
| Q3 25 | $-173.4M | $-4.6M | ||
| Q2 25 | $20.6M | $-1.2M | ||
| Q1 25 | $-201.7M | $-1.7M | ||
| Q4 24 | $-221.5M | $555.0K | ||
| Q3 24 | $-212.4M | $-74.0K | ||
| Q2 24 | $-24.2M | $1.4M | ||
| Q1 24 | $40.2M | $-1.5M |
| Q4 25 | -35.96× | — | ||
| Q3 25 | -15.19× | — | ||
| Q2 25 | 26.92× | — | ||
| Q1 25 | -9.83× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.81× | -0.51× | ||
| Q2 24 | — | — | ||
| Q1 24 | 3.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOMR
| Nonrelated Party | $6.4M | 59% |
| Other | $4.5M | 41% |
CWD
Segment breakdown not available.
