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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and TPG RE Finance Trust, Inc. (TRTX). Click either name above to swap in a different company.

TPG RE Finance Trust, Inc. is the larger business by last-quarter revenue ($35.0M vs $21.0M, roughly 1.7× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 15.6%, a 21.0% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs 0.9%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs -5.1%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.

ASM vs TRTX — Head-to-Head

Bigger by revenue
TRTX
TRTX
1.7× larger
TRTX
$35.0M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+43.1% gap
ASM
44.0%
0.9%
TRTX
Higher net margin
ASM
ASM
21.0% more per $
ASM
36.6%
15.6%
TRTX
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
-5.1%
TRTX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
TRTX
TRTX
Revenue
$21.0M
$35.0M
Net Profit
$7.7M
$4.0M
Gross Margin
47.1%
Operating Margin
11.6%
Net Margin
36.6%
15.6%
Revenue YoY
44.0%
0.9%
Net Profit YoY
558.9%
-62.8%
EPS (diluted)
$0.05
$0.01

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
ASM
ASM
TRTX
TRTX
Q4 25
$35.0M
Q3 25
$21.0M
$37.8M
Q2 25
$21.8M
$36.2M
Q1 25
$18.8M
$37.0M
Q4 24
$34.7M
Q3 24
$14.6M
$40.1M
Q2 24
$14.8M
$39.3M
Q1 24
$12.4M
$38.9M
Net Profit
ASM
ASM
TRTX
TRTX
Q4 25
$4.0M
Q3 25
$7.7M
$22.0M
Q2 25
$2.9M
$20.6M
Q1 25
$5.6M
$13.7M
Q4 24
$10.7M
Q3 24
$1.2M
$22.2M
Q2 24
$1.2M
$24.7M
Q1 24
$599.0K
$16.7M
Gross Margin
ASM
ASM
TRTX
TRTX
Q4 25
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q4 24
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Operating Margin
ASM
ASM
TRTX
TRTX
Q4 25
11.6%
Q3 25
58.4%
Q2 25
57.3%
Q1 25
37.2%
Q4 24
30.3%
Q3 24
55.4%
Q2 24
63.1%
Q1 24
44.0%
Net Margin
ASM
ASM
TRTX
TRTX
Q4 25
15.6%
Q3 25
36.6%
58.1%
Q2 25
13.1%
57.0%
Q1 25
29.8%
37.0%
Q4 24
43.3%
Q3 24
8.0%
55.3%
Q2 24
8.4%
62.9%
Q1 24
4.8%
43.0%
EPS (diluted)
ASM
ASM
TRTX
TRTX
Q4 25
$0.01
Q3 25
$0.05
$0.23
Q2 25
$0.02
$0.21
Q1 25
$0.04
$0.12
Q4 24
$0.09
Q3 24
$0.01
$0.23
Q2 24
$0.01
$0.26
Q1 24
$0.00
$0.17

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
TRTX
TRTX
Cash + ST InvestmentsLiquidity on hand
$57.3M
$87.6M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$182.1M
$1.1B
Total Assets
$221.9M
$4.4B
Debt / EquityLower = less leverage
3.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
TRTX
TRTX
Q4 25
$87.6M
Q3 25
$57.3M
$93.6M
Q2 25
$37.3M
$165.8M
Q1 25
$26.6M
$363.0M
Q4 24
$190.2M
Q3 24
$7.8M
$226.3M
Q2 24
$5.3M
$259.2M
Q1 24
$3.5M
$203.1M
Total Debt
ASM
ASM
TRTX
TRTX
Q4 25
$3.3B
Q3 25
$2.9B
Q2 25
$3.0B
Q1 25
$2.8B
Q4 24
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.7B
Stockholders' Equity
ASM
ASM
TRTX
TRTX
Q4 25
$1.1B
Q3 25
$182.1M
$1.1B
Q2 25
$144.8M
$1.1B
Q1 25
$132.3M
$1.1B
Q4 24
$1.1B
Q3 24
$114.5M
$1.1B
Q2 24
$112.2M
$1.1B
Q1 24
$107.8M
$1.1B
Total Assets
ASM
ASM
TRTX
TRTX
Q4 25
$4.4B
Q3 25
$221.9M
$4.1B
Q2 25
$174.7M
$4.2B
Q1 25
$157.7M
$4.0B
Q4 24
$3.7B
Q3 24
$135.4M
$3.7B
Q2 24
$133.7M
$3.7B
Q1 24
$128.6M
$3.8B
Debt / Equity
ASM
ASM
TRTX
TRTX
Q4 25
3.10×
Q3 25
2.72×
Q2 25
2.78×
Q1 25
2.56×
Q4 24
2.31×
Q3 24
2.22×
Q2 24
2.25×
Q1 24
2.38×

Cash Flow & Capital Efficiency

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

Metric
ASM
ASM
TRTX
TRTX
Operating Cash FlowLast quarter
$8.3M
$90.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.08×
22.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
TRTX
TRTX
Q4 25
$90.4M
Q3 25
$8.3M
$21.8M
Q2 25
$8.3M
$24.7M
Q1 25
$758.0K
$19.1M
Q4 24
$112.1M
Q3 24
$4.1M
$23.7M
Q2 24
$1.1M
$25.6M
Q1 24
$2.3M
$37.4M
Cash Conversion
ASM
ASM
TRTX
TRTX
Q4 25
22.73×
Q3 25
1.08×
0.99×
Q2 25
2.92×
1.20×
Q1 25
0.13×
1.39×
Q4 24
10.50×
Q3 24
3.55×
1.07×
Q2 24
0.87×
1.03×
Q1 24
3.92×
2.23×

Financial Flow Comparison

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

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