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Side-by-side financial comparison of BGM Group Ltd. (BGM) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

BGM Group Ltd. is the larger business by last-quarter revenue ($29.2M vs $25.9M, roughly 1.1× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 1.5%, a 75.7% gap on every dollar of revenue.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

BGM vs RWT — Head-to-Head

Bigger by revenue
BGM
BGM
1.1× larger
BGM
$29.2M
$25.9M
RWT
Higher net margin
RWT
RWT
75.7% more per $
RWT
77.2%
1.5%
BGM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BGM
BGM
RWT
RWT
Revenue
$29.2M
$25.9M
Net Profit
$439.4K
$20.0M
Gross Margin
7.9%
Operating Margin
0.7%
Net Margin
1.5%
77.2%
Revenue YoY
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$0.11

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
BGM
BGM
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$13.8M
Q1 25
$29.2M
$27.9M
Q4 24
$27.6M
Q3 24
$22.8M
$25.5M
Q2 24
$67.4M
Q1 24
$32.1M
$74.5M
Net Profit
BGM
BGM
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
Q1 25
$439.4K
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$249.7K
$30.3M
Gross Margin
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
7.9%
Q4 24
Q3 24
Q2 24
Q1 24
10.9%
Operating Margin
BGM
BGM
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
-679.0%
Q1 25
0.7%
80.2%
Q4 24
-1.3%
Q3 24
-3.8%
86.1%
Q2 24
30.3%
Q1 24
3.8%
41.3%
Net Margin
BGM
BGM
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
Q1 25
1.5%
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
0.8%
40.6%
EPS (diluted)
BGM
BGM
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.76
Q1 25
$0.10
Q4 24
$-0.08
Q3 24
$0.09
Q2 24
$0.10
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
BGM
BGM
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$9.7M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$982.6M
Total Assets
$207.4M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGM
BGM
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$302.0M
Q1 25
$9.7M
$259.9M
Q4 24
$245.2M
Q3 24
$599.4K
$253.7M
Q2 24
$275.6M
Q1 24
$10.3M
$275.4M
Total Debt
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
BGM
BGM
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.1B
Q1 25
$182.1M
$1.2B
Q4 24
$1.2B
Q3 24
$9.8M
$1.2B
Q2 24
$1.2B
Q1 24
$43.4M
$1.2B
Total Assets
BGM
BGM
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$21.3B
Q1 25
$207.4M
$19.9B
Q4 24
$18.3B
Q3 24
$26.0M
$18.4B
Q2 24
$16.5B
Q1 24
$49.9M
$15.1B
Debt / Equity
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

Cash Flow & Capital Efficiency

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

Metric
BGM
BGM
RWT
RWT
Operating Cash FlowLast quarter
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGM
BGM
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.1B
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$-5.1M
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-5.1M
Q2 24
Q1 24
FCF Margin
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-22.2%
Q2 24
Q1 24
Capex Intensity
BGM
BGM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
BGM
BGM
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BGM
BGM

Other$17.4M60%
Cost of revenue$11.8M40%

RWT
RWT

Segment breakdown not available.

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