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Side-by-side financial comparison of ASPEN AEROGELS INC (ASPN) and CTO Realty Growth, Inc. (CTO). Click either name above to swap in a different company.

ASPEN AEROGELS INC is the larger business by last-quarter revenue ($41.3M vs $41.2M, roughly 1.0× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -176.4%, a 191.4% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -66.4%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs -33.9%).

Aspen Aerogels Inc is a leading manufacturer of high-performance aerogel-based insulation and thermal management materials. It serves core sectors including renewable energy, oil and gas infrastructure, aerospace, commercial construction and industrial manufacturing, with key markets across North America, Europe and Asia-Pacific. Its products are prized for superior thermal resistance, fire safety and lightweight performance for harsh operating conditions.

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

ASPN vs CTO — Head-to-Head

Bigger by revenue
ASPN
ASPN
1.0× larger
ASPN
$41.3M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+81.4% gap
CTO
15.0%
-66.4%
ASPN
Higher net margin
CTO
CTO
191.4% more per $
CTO
15.1%
-176.4%
ASPN
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
-33.9%
ASPN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASPN
ASPN
CTO
CTO
Revenue
$41.3M
$41.2M
Net Profit
$-72.9M
$6.2M
Gross Margin
-55.5%
Operating Margin
-170.3%
175.0%
Net Margin
-176.4%
15.1%
Revenue YoY
-66.4%
15.0%
Net Profit YoY
-741.7%
174.4%
EPS (diluted)
$-0.87
$0.13

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
ASPN
ASPN
CTO
CTO
Q1 26
$41.2M
Q4 25
$41.3M
$38.3M
Q3 25
$73.0M
$37.8M
Q2 25
$78.0M
$37.6M
Q1 25
$78.7M
$35.8M
Q4 24
$123.1M
$35.7M
Q3 24
$117.3M
$31.8M
Q2 24
$117.8M
$28.8M
Net Profit
ASPN
ASPN
CTO
CTO
Q1 26
$6.2M
Q4 25
$-72.9M
$28.3M
Q3 25
$-6.3M
$2.9M
Q2 25
$-9.1M
$-23.4M
Q1 25
$-301.2M
$2.3M
Q4 24
$11.4M
$-15.2M
Q3 24
$-13.0M
$6.2M
Q2 24
$16.8M
$1.2M
Gross Margin
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
-55.5%
75.0%
Q3 25
28.5%
75.4%
Q2 25
32.4%
73.0%
Q1 25
29.0%
75.2%
Q4 24
38.3%
74.4%
Q3 24
41.8%
74.4%
Q2 24
43.8%
71.1%
Operating Margin
ASPN
ASPN
CTO
CTO
Q1 26
175.0%
Q4 25
-170.3%
75.1%
Q3 25
-4.6%
26.6%
Q2 25
-6.6%
-33.7%
Q1 25
-380.2%
22.0%
Q4 24
12.0%
-20.4%
Q3 24
14.8%
15.6%
Q2 24
17.0%
18.8%
Net Margin
ASPN
ASPN
CTO
CTO
Q1 26
15.1%
Q4 25
-176.4%
73.9%
Q3 25
-8.7%
7.7%
Q2 25
-11.6%
-62.2%
Q1 25
-382.7%
6.3%
Q4 24
9.2%
-42.6%
Q3 24
-11.1%
19.6%
Q2 24
14.3%
4.1%
EPS (diluted)
ASPN
ASPN
CTO
CTO
Q1 26
$0.13
Q4 25
$-0.87
$0.81
Q3 25
$-0.08
$0.03
Q2 25
$-0.11
$-0.77
Q1 25
$-3.67
$0.01
Q4 24
$0.15
$-0.69
Q3 24
$-0.17
$0.17
Q2 24
$0.21
$-0.03

Balance Sheet & Financial Strength

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

Metric
ASPN
ASPN
CTO
CTO
Cash + ST InvestmentsLiquidity on hand
$156.9M
$8.3M
Total DebtLower is stronger
$65.5M
Stockholders' EquityBook value
$235.5M
$575.4M
Total Assets
$406.7M
$1.3B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPN
ASPN
CTO
CTO
Q1 26
$8.3M
Q4 25
$156.9M
$6.5M
Q3 25
$150.7M
$9.3M
Q2 25
$167.6M
$8.6M
Q1 25
$192.0M
$8.4M
Q4 24
$220.9M
$9.0M
Q3 24
$113.5M
$8.2M
Q2 24
$91.4M
$4.8M
Total Debt
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
$65.5M
$616.3M
Q3 25
$70.1M
$604.2M
Q2 25
$77.3M
$605.4M
Q1 25
$95.4M
$602.2M
Q4 24
$95.0M
$519.0M
Q3 24
$93.7M
$526.8M
Q2 24
$482.7M
Stockholders' Equity
ASPN
ASPN
CTO
CTO
Q1 26
$575.4M
Q4 25
$235.5M
$567.3M
Q3 25
$305.7M
$557.3M
Q2 25
$308.8M
$574.1M
Q1 25
$314.8M
$593.9M
Q4 24
$614.7M
$612.8M
Q3 24
$507.6M
$595.8M
Q2 24
$517.8M
$491.8M
Total Assets
ASPN
ASPN
CTO
CTO
Q1 26
$1.3B
Q4 25
$406.7M
$1.3B
Q3 25
$491.4M
$1.2B
Q2 25
$525.1M
$1.2B
Q1 25
$555.0M
$1.2B
Q4 24
$895.1M
$1.2B
Q3 24
$782.6M
$1.2B
Q2 24
$748.6M
$1.0B
Debt / Equity
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
0.28×
1.09×
Q3 25
0.23×
1.08×
Q2 25
0.25×
1.05×
Q1 25
0.30×
1.01×
Q4 24
0.15×
0.85×
Q3 24
0.18×
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

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

Metric
ASPN
ASPN
CTO
CTO
Operating Cash FlowLast quarter
$16.1M
Free Cash FlowOCF − Capex
$13.7M
FCF MarginFCF / Revenue
33.1%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
$16.1M
$64.6M
Q3 25
$15.0M
$25.5M
Q2 25
$-3.9M
$21.9M
Q1 25
$5.6M
$10.3M
Q4 24
$35.7M
$59.9M
Q3 24
$20.8M
$21.2M
Q2 24
$6.8M
$12.9M
Free Cash Flow
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
$13.7M
Q3 25
$5.9M
Q2 25
$-16.8M
Q1 25
$-7.4M
Q4 24
$20.9M
Q3 24
$-50.0K
Q2 24
$-18.0M
FCF Margin
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
33.1%
Q3 25
8.1%
Q2 25
-21.6%
Q1 25
-9.4%
Q4 24
17.0%
Q3 24
-0.0%
Q2 24
-15.3%
Capex Intensity
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
6.0%
Q3 25
12.5%
Q2 25
16.5%
Q1 25
16.5%
Q4 24
12.0%
Q3 24
17.7%
Q2 24
21.1%
Cash Conversion
ASPN
ASPN
CTO
CTO
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
Q1 25
4.56×
Q4 24
3.14×
Q3 24
3.40×
Q2 24
0.41×
10.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASPN
ASPN

Energy Industrial$14.5M35%
Other$13.9M34%
Thermal Barrier$12.9M31%

CTO
CTO

Segment breakdown not available.

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