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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $18.9M, roughly 2.0× Bluerock Homes Trust, Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -50.1%, a 50.3% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs 28.8%).
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.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
BHM vs NP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $37.8M |
| Net Profit | $-9.5M | $50.0K |
| Gross Margin | — | — |
| Operating Margin | -48.8% | — |
| Net Margin | -50.1% | 0.1% |
| Revenue YoY | 35.9% | 28.8% |
| Net Profit YoY | -29.9% | 0.0% |
| EPS (diluted) | $-0.75 | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $18.9M | — | ||
| Q3 25 | $16.6M | $44.4M | ||
| Q2 25 | $16.8M | — | ||
| Q1 25 | $16.4M | — | ||
| Q4 24 | $13.9M | — | ||
| Q3 24 | $12.7M | $33.8M | ||
| Q2 24 | $12.5M | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $-9.5M | — | ||
| Q3 25 | $-10.0M | $11.5M | ||
| Q2 25 | $-5.8M | — | ||
| Q1 25 | $-7.3M | — | ||
| Q4 24 | $-7.3M | — | ||
| Q3 24 | $3.5M | $12.1M | ||
| Q2 24 | $-5.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -48.8% | — | ||
| Q3 25 | -57.6% | 46.7% | ||
| Q2 25 | -30.9% | — | ||
| Q1 25 | -42.6% | — | ||
| Q4 24 | -52.8% | — | ||
| Q3 24 | 27.9% | 58.6% | ||
| Q2 24 | -41.3% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | -50.1% | — | ||
| Q3 25 | -60.0% | 25.9% | ||
| Q2 25 | -34.7% | — | ||
| Q1 25 | -44.7% | — | ||
| Q4 24 | -52.8% | — | ||
| Q3 24 | 27.9% | 35.8% | ||
| Q2 24 | -41.3% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.94 | $0.06 | ||
| Q2 25 | $-0.66 | — | ||
| Q1 25 | $-0.67 | — | ||
| Q4 24 | $-0.65 | — | ||
| Q3 24 | $0.24 | $0.06 | ||
| Q2 24 | $-0.42 | — |
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 | — |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $128.7M | — |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | 3.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $169.6M | — | ||
| Q3 25 | $2.1M | $12.2M | ||
| Q2 25 | $4.2M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $115.2M | — | ||
| Q3 24 | $155.1M | — | ||
| Q2 24 | $116.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | $247.6M | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $128.7M | — | ||
| Q3 25 | $131.7M | $-509.5M | ||
| Q2 25 | $135.3M | — | ||
| Q1 25 | $137.1M | — | ||
| Q4 24 | $139.1M | — | ||
| Q3 24 | $142.9M | $-374.3M | ||
| Q2 24 | $142.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $222.1M | $89.6M | ||
| Q2 25 | $220.3M | — | ||
| Q1 25 | $186.2M | — | ||
| Q4 24 | $967.0M | — | ||
| Q3 24 | $800.8M | — | ||
| Q2 24 | $756.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — |
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 | — |
| Free Cash FlowOCF − Capex | $10.4M | — |
| FCF MarginFCF / Revenue | 55.0% | — |
| Capex IntensityCapex / Revenue | 91.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $25.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.8M | — | ||
| Q3 25 | $13.4M | $38.9M | ||
| Q2 25 | $13.9M | — | ||
| Q1 25 | $951.0K | — | ||
| Q4 24 | $9.1M | — | ||
| Q3 24 | $1.7M | — | ||
| Q2 24 | $1.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | — | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $8.8M | — | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $-253.0K | — | ||
| Q3 24 | $-601.0K | — | ||
| Q2 24 | $-654.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | — | ||
| Q3 25 | 52.4% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | -17.6% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -4.7% | — | ||
| Q2 24 | -5.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 91.8% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 66.9% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 15.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.38× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 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% |
NP
Segment breakdown not available.
