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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $13.5M, roughly 1.6× Assertio Holdings, Inc.). On growth, Ladder Capital Corp posted the faster year-over-year revenue change (-18.0% vs -57.9%). Over the past eight quarters, Ladder Capital Corp's revenue compounded faster (-22.5% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.

ASRT vs LADR — Head-to-Head

Bigger by revenue
LADR
LADR
1.6× larger
LADR
$22.3M
$13.5M
ASRT
Growing faster (revenue YoY)
LADR
LADR
+40.0% gap
LADR
-18.0%
-57.9%
ASRT
Faster 2-yr revenue CAGR
LADR
LADR
Annualised
LADR
-22.5%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
LADR
LADR
Revenue
$13.5M
$22.3M
Net Profit
$15.9M
Gross Margin
Operating Margin
-86.7%
69.5%
Net Margin
71.0%
Revenue YoY
-57.9%
-18.0%
Net Profit YoY
-49.4%
EPS (diluted)
$-4.54
$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
ASRT
ASRT
LADR
LADR
Q4 25
$13.5M
$22.3M
Q3 25
$49.5M
$27.8M
Q2 25
$29.2M
$21.5M
Q1 25
$26.5M
$20.3M
Q4 24
$32.2M
$27.2M
Q3 24
$29.2M
$38.4M
Q2 24
$31.1M
$34.3M
Q1 24
$32.4M
$37.1M
Net Profit
ASRT
ASRT
LADR
LADR
Q4 25
$15.9M
Q3 25
$11.4M
$19.2M
Q2 25
$-16.4M
$17.1M
Q1 25
$-13.5M
$11.6M
Q4 24
$31.3M
Q3 24
$-2.9M
$27.6M
Q2 24
$-3.7M
$32.1M
Q1 24
$-4.5M
$16.4M
Operating Margin
ASRT
ASRT
LADR
LADR
Q4 25
-86.7%
69.5%
Q3 25
23.2%
72.4%
Q2 25
-27.5%
96.7%
Q1 25
-50.0%
52.7%
Q4 24
-41.9%
Q3 24
-10.4%
74.1%
Q2 24
-11.6%
90.4%
Q1 24
-13.4%
49.4%
Net Margin
ASRT
ASRT
LADR
LADR
Q4 25
71.0%
Q3 25
23.1%
69.0%
Q2 25
-56.0%
79.5%
Q1 25
-51.1%
56.8%
Q4 24
115.1%
Q3 24
-10.0%
71.7%
Q2 24
-11.8%
93.6%
Q1 24
-13.9%
44.2%
EPS (diluted)
ASRT
ASRT
LADR
LADR
Q4 25
$-4.54
$0.13
Q3 25
$0.11
$0.15
Q2 25
$-0.17
$0.14
Q1 25
$-0.14
$0.09
Q4 24
$-3.28
$0.25
Q3 24
$-0.03
$0.22
Q2 24
$-0.04
$0.26
Q1 24
$-0.05
$0.13

Balance Sheet & Financial Strength

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

Metric
ASRT
ASRT
LADR
LADR
Cash + ST InvestmentsLiquidity on hand
$63.4M
$38.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$1.5B
Total Assets
$267.0M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
LADR
LADR
Q4 25
$63.4M
$38.0M
Q3 25
$93.4M
$49.4M
Q2 25
$98.2M
$134.9M
Q1 25
$87.3M
$479.8M
Q4 24
$100.1M
$1.3B
Q3 24
$88.6M
$1.6B
Q2 24
$88.4M
$1.2B
Q1 24
$80.7M
$1.2B
Total Debt
ASRT
ASRT
LADR
LADR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
LADR
LADR
Q4 25
$94.0M
$1.5B
Q3 25
$105.8M
$1.5B
Q2 25
$93.3M
$1.5B
Q1 25
$108.5M
$1.5B
Q4 24
$121.1M
$1.5B
Q3 24
$130.5M
$1.5B
Q2 24
$132.2M
$1.5B
Q1 24
$134.5M
$1.5B
Total Assets
ASRT
ASRT
LADR
LADR
Q4 25
$267.0M
$5.2B
Q3 25
$319.8M
$4.7B
Q2 25
$273.8M
$4.5B
Q1 25
$286.4M
$4.5B
Q4 24
$284.7M
$4.8B
Q3 24
$276.0M
$4.8B
Q2 24
$279.4M
$4.8B
Q1 24
$282.0M
$5.3B
Debt / Equity
ASRT
ASRT
LADR
LADR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
ASRT
ASRT
LADR
LADR
Operating Cash FlowLast quarter
$-30.0M
$87.0M
Free Cash FlowOCF − Capex
$78.7M
FCF MarginFCF / Revenue
352.4%
Capex IntensityCapex / Revenue
37.4%
Cash ConversionOCF / Net Profit
5.49×
TTM Free Cash FlowTrailing 4 quarters
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
LADR
LADR
Q4 25
$-30.0M
$87.0M
Q3 25
$-4.8M
$26.3M
Q2 25
$19.1M
$44.0M
Q1 25
$-12.5M
$-28.7M
Q4 24
$11.5M
$133.9M
Q3 24
$-35.0K
$169.0M
Q2 24
$7.4M
$45.4M
Q1 24
$7.5M
$-20.4M
Free Cash Flow
ASRT
ASRT
LADR
LADR
Q4 25
$78.7M
Q3 25
$25.9M
Q2 25
$43.4M
Q1 25
$-29.6M
Q4 24
$127.4M
Q3 24
$166.0M
Q2 24
$44.9M
Q1 24
$-21.7M
FCF Margin
ASRT
ASRT
LADR
LADR
Q4 25
352.4%
Q3 25
93.1%
Q2 25
201.6%
Q1 25
-145.6%
Q4 24
468.2%
Q3 24
432.1%
Q2 24
131.0%
Q1 24
-58.6%
Capex Intensity
ASRT
ASRT
LADR
LADR
Q4 25
37.4%
Q3 25
1.7%
Q2 25
2.9%
Q1 25
4.3%
Q4 24
23.9%
Q3 24
0.0%
7.8%
Q2 24
1.3%
Q1 24
3.7%
Cash Conversion
ASRT
ASRT
LADR
LADR
Q4 25
5.49×
Q3 25
-0.42×
1.37×
Q2 25
2.57×
Q1 25
-2.49×
Q4 24
4.27×
Q3 24
6.13×
Q2 24
1.41×
Q1 24
-1.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

LADR
LADR

Segment breakdown not available.

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