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Side-by-side financial comparison of Aterian, Inc. (ATER) 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 $15.1M, roughly 1.5× Aterian, Inc.). Ladder Capital Corp runs the higher net margin — 71.0% vs -52.5%, a 123.6% gap on every dollar of revenue. On growth, Ladder Capital Corp posted the faster year-over-year revenue change (-18.0% vs -38.5%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-1.0M). Over the past eight quarters, Aterian, Inc.'s revenue compounded faster (-13.5% CAGR vs -22.5%).
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.
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.
ATER vs LADR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $22.3M |
| Net Profit | $-7.9M | $15.9M |
| Gross Margin | 56.1% | — |
| Operating Margin | -51.1% | 69.5% |
| Net Margin | -52.5% | 71.0% |
| Revenue YoY | -38.5% | -18.0% |
| Net Profit YoY | -512.2% | -49.4% |
| EPS (diluted) | — | $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.
| Q4 25 | $15.1M | $22.3M | ||
| Q3 25 | $19.0M | $27.8M | ||
| Q2 25 | $19.5M | $21.5M | ||
| Q1 25 | $15.4M | $20.3M | ||
| Q4 24 | $24.6M | $27.2M | ||
| Q3 24 | $26.2M | $38.4M | ||
| Q2 24 | $28.0M | $34.3M | ||
| Q1 24 | $20.2M | $37.1M |
| Q4 25 | $-7.9M | $15.9M | ||
| Q3 25 | $-2.3M | $19.2M | ||
| Q2 25 | $-4.9M | $17.1M | ||
| Q1 25 | $-3.9M | $11.6M | ||
| Q4 24 | $-1.3M | $31.3M | ||
| Q3 24 | $-1.8M | $27.6M | ||
| Q2 24 | $-3.6M | $32.1M | ||
| Q1 24 | $-5.2M | $16.4M |
| 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% | — |
| Q4 25 | -51.1% | 69.5% | ||
| Q3 25 | -10.7% | 72.4% | ||
| Q2 25 | -23.1% | 96.7% | ||
| Q1 25 | -24.1% | 52.7% | ||
| Q4 24 | -6.5% | — | ||
| Q3 24 | -6.6% | 74.1% | ||
| Q2 24 | -11.5% | 90.4% | ||
| Q1 24 | -26.1% | 49.4% |
| Q4 25 | -52.5% | 71.0% | ||
| Q3 25 | -12.0% | 69.0% | ||
| Q2 25 | -25.0% | 79.5% | ||
| Q1 25 | -25.4% | 56.8% | ||
| Q4 24 | -5.3% | 115.1% | ||
| Q3 24 | -6.8% | 71.7% | ||
| Q2 24 | -13.0% | 93.6% | ||
| Q1 24 | -25.5% | 44.2% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.09 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | — | $0.22 | ||
| Q2 24 | — | $0.26 | ||
| Q1 24 | — | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $38.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $1.5B |
| Total Assets | $29.6M | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $38.0M | ||
| Q3 25 | $7.6M | $49.4M | ||
| Q2 25 | $10.5M | $134.9M | ||
| Q1 25 | $14.3M | $479.8M | ||
| Q4 24 | $18.0M | $1.3B | ||
| Q3 24 | $16.1M | $1.6B | ||
| Q2 24 | $20.3M | $1.2B | ||
| Q1 24 | $17.5M | $1.2B |
| Q4 25 | $15.2M | $1.5B | ||
| Q3 25 | $22.6M | $1.5B | ||
| Q2 25 | $24.3M | $1.5B | ||
| Q1 25 | $27.0M | $1.5B | ||
| Q4 24 | $30.0M | $1.5B | ||
| Q3 24 | $30.6M | $1.5B | ||
| Q2 24 | $30.9M | $1.5B | ||
| Q1 24 | $33.0M | $1.5B |
| Q4 25 | $29.6M | $5.2B | ||
| Q3 25 | $40.1M | $4.7B | ||
| Q2 25 | $45.4M | $4.5B | ||
| Q1 25 | $49.8M | $4.5B | ||
| Q4 24 | $49.5M | $4.8B | ||
| Q3 24 | $52.1M | $4.8B | ||
| Q2 24 | $59.9M | $4.8B | ||
| Q1 24 | $55.7M | $5.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $87.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $78.7M |
| FCF MarginFCF / Revenue | -6.9% | 352.4% |
| Capex IntensityCapex / Revenue | 0.0% | 37.4% |
| Cash ConversionOCF / Net Profit | — | 5.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $87.0M | ||
| Q3 25 | $-1.6M | $26.3M | ||
| Q2 25 | $-4.4M | $44.0M | ||
| Q1 25 | $-3.9M | $-28.7M | ||
| Q4 24 | $-9.0K | $133.9M | ||
| Q3 24 | $-722.0K | $169.0M | ||
| Q2 24 | $2.9M | $45.4M | ||
| Q1 24 | $-6.0K | $-20.4M |
| Q4 25 | $-1.0M | $78.7M | ||
| Q3 25 | $-1.6M | $25.9M | ||
| Q2 25 | $-4.4M | $43.4M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | — | $127.4M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | $2.9M | $44.9M | ||
| Q1 24 | $-42.0K | $-21.7M |
| Q4 25 | -6.9% | 352.4% | ||
| Q3 25 | -8.4% | 93.1% | ||
| Q2 25 | -22.7% | 201.6% | ||
| Q1 25 | — | -145.6% | ||
| Q4 24 | — | 468.2% | ||
| Q3 24 | — | 432.1% | ||
| Q2 24 | 10.3% | 131.0% | ||
| Q1 24 | -0.2% | -58.6% |
| Q4 25 | 0.0% | 37.4% | ||
| Q3 25 | 0.2% | 1.7% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.0% | 4.3% | ||
| Q4 24 | 0.0% | 23.9% | ||
| Q3 24 | 0.0% | 7.8% | ||
| Q2 24 | 0.0% | 1.3% | ||
| Q1 24 | 0.2% | 3.7% |
| Q4 25 | — | 5.49× | ||
| Q3 25 | — | 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
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
LADR
Segment breakdown not available.
