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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $18.9M, roughly 1.7× Bluerock Homes Trust, Inc.). Bluerock Homes Trust, Inc. runs the higher net margin — -50.1% vs -110.7%, a 60.6% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 35.9%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 30.1%).
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
BHM vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $32.9M |
| Net Profit | $-9.5M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | -48.8% | -17.2% |
| Net Margin | -50.1% | -110.7% |
| Revenue YoY | 35.9% | 148.9% |
| Net Profit YoY | -29.9% | -197.4% |
| EPS (diluted) | $-0.75 | $-2.31 |
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 | $18.9M | $32.9M | ||
| Q3 25 | $16.6M | $26.0M | ||
| Q2 25 | $16.8M | $20.0M | ||
| Q1 25 | $16.4M | $20.8M | ||
| Q4 24 | $13.9M | $13.2M | ||
| Q3 24 | $12.7M | $10.1M | ||
| Q2 24 | $12.5M | $11.4M | ||
| Q1 24 | $11.2M | $12.6M |
| Q4 25 | $-9.5M | $-36.4M | ||
| Q3 25 | $-10.0M | $-23.9M | ||
| Q2 25 | $-5.8M | $-15.4M | ||
| Q1 25 | $-7.3M | $-3.8M | ||
| Q4 24 | $-7.3M | $-12.2M | ||
| Q3 24 | $3.5M | $-15.4M | ||
| Q2 24 | $-5.2M | $-12.2M | ||
| Q1 24 | $-3.2M | $-8.8M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | — | -42.5% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | -48.8% | -17.2% | ||
| Q3 25 | -57.6% | -29.6% | ||
| Q2 25 | -30.9% | -57.5% | ||
| Q1 25 | -42.6% | -50.8% | ||
| Q4 24 | -52.8% | -101.7% | ||
| Q3 24 | 27.9% | -147.8% | ||
| Q2 24 | -41.3% | -104.3% | ||
| Q1 24 | -28.4% | -99.3% |
| Q4 25 | -50.1% | -110.7% | ||
| Q3 25 | -60.0% | -92.0% | ||
| Q2 25 | -34.7% | -77.2% | ||
| Q1 25 | -44.7% | -18.4% | ||
| Q4 24 | -52.8% | -92.7% | ||
| Q3 24 | 27.9% | -151.5% | ||
| Q2 24 | -41.3% | -107.1% | ||
| Q1 24 | -28.4% | -69.7% |
| Q4 25 | $-0.75 | $-2.31 | ||
| Q3 25 | $-0.94 | $-1.61 | ||
| Q2 25 | $-0.66 | $-1.18 | ||
| Q1 25 | $-0.67 | $-0.58 | ||
| Q4 24 | $-0.65 | $-0.95 | ||
| Q3 24 | $0.24 | $-1.21 | ||
| Q2 24 | $-0.42 | $-0.97 | ||
| Q1 24 | $-0.27 | $-0.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.6M | $21.1M |
| Total DebtLower is stronger | $428.4M | $9.9M |
| Stockholders' EquityBook value | $128.7M | $-43.0M |
| Total Assets | $1.2B | $111.8M |
| Debt / EquityLower = less leverage | 3.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $169.6M | $21.1M | ||
| Q3 25 | $2.1M | $24.4M | ||
| Q2 25 | $4.2M | $3.5M | ||
| Q1 25 | $3.0M | $5.9M | ||
| Q4 24 | $115.2M | $11.2M | ||
| Q3 24 | $155.1M | $8.3M | ||
| Q2 24 | $116.0M | $10.8M | ||
| Q1 24 | $92.3M | $14.0M |
| Q4 25 | $428.4M | $9.9M | ||
| Q3 25 | $415.9M | $16.6M | ||
| Q2 25 | $338.6M | $10.9M | ||
| Q1 25 | $336.5M | $10.2M | ||
| Q4 24 | $373.8M | $9.5M | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | — |
| Q4 25 | $128.7M | $-43.0M | ||
| Q3 25 | $131.7M | $-13.7M | ||
| Q2 25 | $135.3M | $9.0M | ||
| Q1 25 | $137.1M | $15.5M | ||
| Q4 24 | $139.1M | $19.0M | ||
| Q3 24 | $142.9M | $30.4M | ||
| Q2 24 | $142.5M | $44.2M | ||
| Q1 24 | $144.5M | $55.2M |
| Q4 25 | $1.2B | $111.8M | ||
| Q3 25 | $222.1M | $111.5M | ||
| Q2 25 | $220.3M | $83.0M | ||
| Q1 25 | $186.2M | $84.1M | ||
| Q4 24 | $967.0M | $89.9M | ||
| Q3 24 | $800.8M | $91.7M | ||
| Q2 24 | $756.2M | $100.3M | ||
| Q1 24 | $727.4M | $115.0M |
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | 1.20× | ||
| Q1 25 | 2.45× | 0.65× | ||
| Q4 24 | 2.69× | 0.50× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | — |
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 | $27.8M | $-8.0M |
| Free Cash FlowOCF − Capex | $10.4M | $-8.4M |
| FCF MarginFCF / Revenue | 55.0% | -25.7% |
| Capex IntensityCapex / Revenue | 91.8% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.0M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.8M | $-8.0M | ||
| Q3 25 | $13.4M | $-14.6M | ||
| Q2 25 | $13.9M | $-2.3M | ||
| Q1 25 | $951.0K | $-8.5M | ||
| Q4 24 | $9.1M | $-16.7M | ||
| Q3 24 | $1.7M | $-2.4M | ||
| Q2 24 | $1.3M | $-3.8M | ||
| Q1 24 | $1.1M | $-11.9M |
| Q4 25 | $10.4M | $-8.4M | ||
| Q3 25 | $8.7M | $-15.1M | ||
| Q2 25 | $8.8M | $-2.5M | ||
| Q1 25 | $-2.9M | $-8.6M | ||
| Q4 24 | $-253.0K | $-17.0M | ||
| Q3 24 | $-601.0K | $-2.6M | ||
| Q2 24 | $-654.0K | $-4.5M | ||
| Q1 24 | $-630.0K | $-12.3M |
| Q4 25 | 55.0% | -25.7% | ||
| Q3 25 | 52.4% | -57.9% | ||
| Q2 25 | 52.2% | -12.4% | ||
| Q1 25 | -17.6% | -41.2% | ||
| Q4 24 | -1.8% | -128.6% | ||
| Q3 24 | -4.7% | -25.6% | ||
| Q2 24 | -5.2% | -39.2% | ||
| Q1 24 | -5.6% | -97.6% |
| Q4 25 | 91.8% | 1.3% | ||
| Q3 25 | 28.5% | 1.7% | ||
| Q2 25 | 30.3% | 0.9% | ||
| Q1 25 | 23.4% | 0.4% | ||
| Q4 24 | 66.9% | 2.2% | ||
| Q3 24 | 18.0% | 2.2% | ||
| Q2 24 | 15.3% | 6.1% | ||
| Q1 24 | 15.5% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
