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Side-by-side financial comparison of Aterian, Inc. (ATER) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $15.1M, roughly 1.4× Aterian, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -52.5%, a 294.8% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -38.5%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -13.5%).

Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

ATER vs IVR — Head-to-Head

Bigger by revenue
IVR
IVR
1.4× larger
IVR
$21.3M
$15.1M
ATER
Growing faster (revenue YoY)
IVR
IVR
+93.9% gap
IVR
55.4%
-38.5%
ATER
Higher net margin
IVR
IVR
294.8% more per $
IVR
242.2%
-52.5%
ATER
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-13.5%
ATER

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATER
ATER
IVR
IVR
Revenue
$15.1M
$21.3M
Net Profit
$-7.9M
$51.5M
Gross Margin
56.1%
Operating Margin
-51.1%
Net Margin
-52.5%
242.2%
Revenue YoY
-38.5%
55.4%
Net Profit YoY
-512.2%
1368.7%
EPS (diluted)
$0.72

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
ATER
ATER
IVR
IVR
Q4 25
$15.1M
$21.3M
Q3 25
$19.0M
$17.6M
Q2 25
$19.5M
$17.7M
Q1 25
$15.4M
$18.8M
Q4 24
$24.6M
$13.7M
Q3 24
$26.2M
$7.5M
Q2 24
$28.0M
$8.6M
Q1 24
$20.2M
$7.0M
Net Profit
ATER
ATER
IVR
IVR
Q4 25
$-7.9M
$51.5M
Q3 25
$-2.3M
$53.5M
Q2 25
$-4.9M
$-23.3M
Q1 25
$-3.9M
$19.6M
Q4 24
$-1.3M
$3.5M
Q3 24
$-1.8M
$40.7M
Q2 24
$-3.6M
$-13.5M
Q1 24
$-5.2M
$29.1M
Gross Margin
ATER
ATER
IVR
IVR
Q4 25
56.1%
Q3 25
56.1%
Q2 25
54.3%
Q1 25
61.4%
Q4 24
63.4%
Q3 24
60.3%
Q2 24
60.4%
Q1 24
65.1%
Operating Margin
ATER
ATER
IVR
IVR
Q4 25
-51.1%
Q3 25
-10.7%
Q2 25
-23.1%
Q1 25
-24.1%
Q4 24
-6.5%
Q3 24
-6.6%
Q2 24
-11.5%
Q1 24
-26.1%
Net Margin
ATER
ATER
IVR
IVR
Q4 25
-52.5%
242.2%
Q3 25
-12.0%
303.6%
Q2 25
-25.0%
-131.6%
Q1 25
-25.4%
104.4%
Q4 24
-5.3%
25.6%
Q3 24
-6.8%
542.2%
Q2 24
-13.0%
-155.9%
Q1 24
-25.5%
415.9%
EPS (diluted)
ATER
ATER
IVR
IVR
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
Q4 24
$-0.09
Q3 24
$0.63
Q2 24
$-0.38
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
ATER
ATER
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$4.9M
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.2M
$797.5M
Total Assets
$29.6M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
IVR
IVR
Q4 25
$4.9M
$56.0M
Q3 25
$7.6M
$58.5M
Q2 25
$10.5M
$59.4M
Q1 25
$14.3M
$42.9M
Q4 24
$18.0M
$73.4M
Q3 24
$16.1M
$48.3M
Q2 24
$20.3M
$58.8M
Q1 24
$17.5M
$59.9M
Stockholders' Equity
ATER
ATER
IVR
IVR
Q4 25
$15.2M
$797.5M
Q3 25
$22.6M
$769.6M
Q2 25
$24.3M
$709.4M
Q1 25
$27.0M
$759.2M
Q4 24
$30.0M
$730.7M
Q3 24
$30.6M
$857.0M
Q2 24
$30.9M
$759.2M
Q1 24
$33.0M
$785.6M
Total Assets
ATER
ATER
IVR
IVR
Q4 25
$29.6M
$6.5B
Q3 25
$40.1M
$6.0B
Q2 25
$45.4M
$5.4B
Q1 25
$49.8M
$6.2B
Q4 24
$49.5M
$5.7B
Q3 24
$52.1M
$6.1B
Q2 24
$59.9M
$5.1B
Q1 24
$55.7M
$5.2B

Cash Flow & Capital Efficiency

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

Metric
ATER
ATER
IVR
IVR
Operating Cash FlowLast quarter
$-1.0M
$157.1M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
IVR
IVR
Q4 25
$-1.0M
$157.1M
Q3 25
$-1.6M
$37.3M
Q2 25
$-4.4M
$40.6M
Q1 25
$-3.9M
$19.3M
Q4 24
$-9.0K
$183.2M
Q3 24
$-722.0K
$30.8M
Q2 24
$2.9M
$33.0M
Q1 24
$-6.0K
$57.5M
Free Cash Flow
ATER
ATER
IVR
IVR
Q4 25
$-1.0M
Q3 25
$-1.6M
Q2 25
$-4.4M
Q1 25
Q4 24
Q3 24
Q2 24
$2.9M
Q1 24
$-42.0K
FCF Margin
ATER
ATER
IVR
IVR
Q4 25
-6.9%
Q3 25
-8.4%
Q2 25
-22.7%
Q1 25
Q4 24
Q3 24
Q2 24
10.3%
Q1 24
-0.2%
Capex Intensity
ATER
ATER
IVR
IVR
Q4 25
0.0%
Q3 25
0.2%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
ATER
ATER
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATER
ATER

Sales Channel Directly To Consumer$13.1M87%
Heating Cooling And Air Quality$2.1M14%

IVR
IVR

Segment breakdown not available.

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