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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $13.5M, roughly 1.5× Assertio Holdings, Inc.). On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -57.9%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% 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...

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

ASRT vs MITT — Head-to-Head

Bigger by revenue
MITT
MITT
1.5× larger
MITT
$20.4M
$13.5M
ASRT
Growing faster (revenue YoY)
MITT
MITT
+75.6% gap
MITT
17.7%
-57.9%
ASRT
Faster 2-yr revenue CAGR
MITT
MITT
Annualised
MITT
9.1%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
MITT
MITT
Revenue
$13.5M
$20.4M
Net Profit
$13.3M
Gross Margin
Operating Margin
-86.7%
67.1%
Net Margin
65.0%
Revenue YoY
-57.9%
17.7%
Net Profit YoY
-7.0%
EPS (diluted)
$-4.54
$0.27

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
MITT
MITT
Q4 25
$13.5M
$20.4M
Q3 25
$49.5M
$19.5M
Q2 25
$29.2M
$17.8M
Q1 25
$26.5M
$18.8M
Q4 24
$32.2M
$17.4M
Q3 24
$29.2M
$14.9M
Q2 24
$31.1M
$16.4M
Q1 24
$32.4M
$17.2M
Net Profit
ASRT
ASRT
MITT
MITT
Q4 25
$13.3M
Q3 25
$11.4M
$20.0M
Q2 25
$-16.4M
$3.9M
Q1 25
$-13.5M
$11.5M
Q4 24
$14.3M
Q3 24
$-2.9M
$16.6M
Q2 24
$-3.7M
$3.9M
Q1 24
$-4.5M
$20.9M
Operating Margin
ASRT
ASRT
MITT
MITT
Q4 25
-86.7%
67.1%
Q3 25
23.2%
Q2 25
-27.5%
20.9%
Q1 25
-50.0%
54.6%
Q4 24
-41.9%
76.7%
Q3 24
-10.4%
Q2 24
-11.6%
18.4%
Q1 24
-13.4%
Net Margin
ASRT
ASRT
MITT
MITT
Q4 25
65.0%
Q3 25
23.1%
102.5%
Q2 25
-56.0%
22.2%
Q1 25
-51.1%
60.9%
Q4 24
82.2%
Q3 24
-10.0%
111.3%
Q2 24
-11.8%
24.0%
Q1 24
-13.9%
121.6%
EPS (diluted)
ASRT
ASRT
MITT
MITT
Q4 25
$-4.54
$0.27
Q3 25
$0.11
$0.47
Q2 25
$-0.17
$-0.05
Q1 25
$-0.14
$0.21
Q4 24
$-3.28
$0.30
Q3 24
$-0.03
$0.40
Q2 24
$-0.04
$-0.02
Q1 24
$-0.05
$0.55

Balance Sheet & Financial Strength

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

Metric
ASRT
ASRT
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$63.4M
$57.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$560.7M
Total Assets
$267.0M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
MITT
MITT
Q4 25
$63.4M
$57.8M
Q3 25
$93.4M
$59.0M
Q2 25
$98.2M
$88.7M
Q1 25
$87.3M
$115.5M
Q4 24
$100.1M
$118.7M
Q3 24
$88.6M
$102.5M
Q2 24
$88.4M
$120.9M
Q1 24
$80.7M
$100.3M
Total Debt
ASRT
ASRT
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
MITT
MITT
Q4 25
$94.0M
$560.7M
Q3 25
$105.8M
$559.8M
Q2 25
$93.3M
$536.4M
Q1 25
$108.5M
$543.9M
Q4 24
$121.1M
$543.4M
Q3 24
$130.5M
$540.1M
Q2 24
$132.2M
$533.5M
Q1 24
$134.5M
$539.6M
Total Assets
ASRT
ASRT
MITT
MITT
Q4 25
$267.0M
$8.7B
Q3 25
$319.8M
$9.0B
Q2 25
$273.8M
$7.5B
Q1 25
$286.4M
$7.3B
Q4 24
$284.7M
$6.9B
Q3 24
$276.0M
$7.0B
Q2 24
$279.4M
$7.1B
Q1 24
$282.0M
$6.4B
Debt / Equity
ASRT
ASRT
MITT
MITT
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
MITT
MITT
Operating Cash FlowLast quarter
$-30.0M
$59.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
MITT
MITT
Q4 25
$-30.0M
$59.6M
Q3 25
$-4.8M
$17.4M
Q2 25
$19.1M
$11.5M
Q1 25
$-12.5M
$12.0M
Q4 24
$11.5M
$55.8M
Q3 24
$-35.0K
$14.5M
Q2 24
$7.4M
$13.7M
Q1 24
$7.5M
$12.0M
Capex Intensity
ASRT
ASRT
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ASRT
ASRT
MITT
MITT
Q4 25
4.48×
Q3 25
-0.42×
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

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%

MITT
MITT

Segment breakdown not available.

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