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Side-by-side financial comparison of Biofrontera Inc. (BFRI) 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 $17.1M, roughly 1.3× Biofrontera Inc.). Ladder Capital Corp runs the higher net margin — 71.0% vs 33.0%, a 38.1% gap on every dollar of revenue. On growth, Biofrontera Inc. posted the faster year-over-year revenue change (36.2% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-2.4M). Over the past eight quarters, Biofrontera Inc.'s revenue compounded faster (47.0% CAGR vs -22.5%).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

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.

BFRI vs LADR — Head-to-Head

Bigger by revenue
LADR
LADR
1.3× larger
LADR
$22.3M
$17.1M
BFRI
Growing faster (revenue YoY)
BFRI
BFRI
+54.1% gap
BFRI
36.2%
-18.0%
LADR
Higher net margin
LADR
LADR
38.1% more per $
LADR
71.0%
33.0%
BFRI
More free cash flow
LADR
LADR
$81.1M more FCF
LADR
$78.7M
$-2.4M
BFRI
Faster 2-yr revenue CAGR
BFRI
BFRI
Annualised
BFRI
47.0%
-22.5%
LADR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFRI
BFRI
LADR
LADR
Revenue
$17.1M
$22.3M
Net Profit
$5.6M
$15.9M
Gross Margin
Operating Margin
26.6%
69.5%
Net Margin
33.0%
71.0%
Revenue YoY
36.2%
-18.0%
Net Profit YoY
504.0%
-49.4%
EPS (diluted)
$0.62
$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
BFRI
BFRI
LADR
LADR
Q4 25
$17.1M
$22.3M
Q3 25
$7.0M
$27.8M
Q2 25
$9.0M
$21.5M
Q1 25
$8.6M
$20.3M
Q4 24
$12.6M
$27.2M
Q3 24
$9.0M
$38.4M
Q2 24
$7.8M
$34.3M
Q1 24
$7.9M
$37.1M
Net Profit
BFRI
BFRI
LADR
LADR
Q4 25
$5.6M
$15.9M
Q3 25
$-6.6M
$19.2M
Q2 25
$-5.3M
$17.1M
Q1 25
$-4.2M
$11.6M
Q4 24
$-1.4M
$31.3M
Q3 24
$-5.7M
$27.6M
Q2 24
$-257.0K
$32.1M
Q1 24
$-10.4M
$16.4M
Operating Margin
BFRI
BFRI
LADR
LADR
Q4 25
26.6%
69.5%
Q3 25
-89.8%
72.4%
Q2 25
-56.2%
96.7%
Q1 25
-52.9%
52.7%
Q4 24
-13.6%
Q3 24
-55.0%
74.1%
Q2 24
-64.7%
90.4%
Q1 24
-69.1%
49.4%
Net Margin
BFRI
BFRI
LADR
LADR
Q4 25
33.0%
71.0%
Q3 25
-95.1%
69.0%
Q2 25
-59.0%
79.5%
Q1 25
-48.9%
56.8%
Q4 24
-11.1%
115.1%
Q3 24
-62.9%
71.7%
Q2 24
-3.3%
93.6%
Q1 24
-131.9%
44.2%
EPS (diluted)
BFRI
BFRI
LADR
LADR
Q4 25
$0.62
$0.13
Q3 25
$-0.62
$0.15
Q2 25
$-0.57
$0.14
Q1 25
$-0.47
$0.09
Q4 24
$0.69
$0.25
Q3 24
$-0.98
$0.22
Q2 24
$-0.05
$0.26
Q1 24
$-2.88
$0.13

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
LADR
LADR
Cash + ST InvestmentsLiquidity on hand
$6.4M
$38.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.5M
$1.5B
Total Assets
$28.6M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
LADR
LADR
Q4 25
$6.4M
$38.0M
Q3 25
$3.4M
$49.4M
Q2 25
$7.2M
$134.9M
Q1 25
$1.8M
$479.8M
Q4 24
$5.9M
$1.3B
Q3 24
$2.9M
$1.6B
Q2 24
$4.4M
$1.2B
Q1 24
$3.8M
$1.2B
Stockholders' Equity
BFRI
BFRI
LADR
LADR
Q4 25
$10.5M
$1.5B
Q3 25
$-2.6M
$1.5B
Q2 25
$-4.7M
$1.5B
Q1 25
$500.0K
$1.5B
Q4 24
$4.4M
$1.5B
Q3 24
$5.5M
$1.5B
Q2 24
$10.9M
$1.5B
Q1 24
$-5.4M
$1.5B
Total Assets
BFRI
BFRI
LADR
LADR
Q4 25
$28.6M
$5.2B
Q3 25
$15.4M
$4.7B
Q2 25
$20.1M
$4.5B
Q1 25
$16.6M
$4.5B
Q4 24
$22.1M
$4.8B
Q3 24
$18.5M
$4.8B
Q2 24
$21.6M
$4.8B
Q1 24
$24.6M
$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
BFRI
BFRI
LADR
LADR
Operating Cash FlowLast quarter
$-2.4M
$87.0M
Free Cash FlowOCF − Capex
$-2.4M
$78.7M
FCF MarginFCF / Revenue
-13.9%
352.4%
Capex IntensityCapex / Revenue
0.0%
37.4%
Cash ConversionOCF / Net Profit
-0.42×
5.49×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
LADR
LADR
Q4 25
$-2.4M
$87.0M
Q3 25
$-3.8M
$26.3M
Q2 25
$-3.0M
$44.0M
Q1 25
$-4.1M
$-28.7M
Q4 24
$-1.0M
$133.9M
Q3 24
$-1.2M
$169.0M
Q2 24
$-4.7M
$45.4M
Q1 24
$-3.3M
$-20.4M
Free Cash Flow
BFRI
BFRI
LADR
LADR
Q4 25
$-2.4M
$78.7M
Q3 25
$-3.8M
$25.9M
Q2 25
$-3.0M
$43.4M
Q1 25
$-4.1M
$-29.6M
Q4 24
$-1.0M
$127.4M
Q3 24
$166.0M
Q2 24
$-4.8M
$44.9M
Q1 24
$-3.4M
$-21.7M
FCF Margin
BFRI
BFRI
LADR
LADR
Q4 25
-13.9%
352.4%
Q3 25
-54.7%
93.1%
Q2 25
-33.7%
201.6%
Q1 25
-48.0%
-145.6%
Q4 24
-8.1%
468.2%
Q3 24
432.1%
Q2 24
-60.8%
131.0%
Q1 24
-42.7%
-58.6%
Capex Intensity
BFRI
BFRI
LADR
LADR
Q4 25
0.0%
37.4%
Q3 25
0.0%
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
0.6%
1.3%
Q1 24
0.7%
3.7%
Cash Conversion
BFRI
BFRI
LADR
LADR
Q4 25
-0.42×
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.

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