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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $12.2M, roughly 1.5× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -50.1%, a 70.0% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs 31.5%).

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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

BHM vs VFF — Head-to-Head

Bigger by revenue
BHM
BHM
1.5× larger
BHM
$18.9M
$12.2M
VFF
Growing faster (revenue YoY)
BHM
BHM
+4.4% gap
BHM
35.9%
31.5%
VFF
Higher net margin
VFF
VFF
70.0% more per $
VFF
19.9%
-50.1%
BHM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHM
BHM
VFF
VFF
Revenue
$18.9M
$12.2M
Net Profit
$-9.5M
$2.4M
Gross Margin
Operating Margin
-48.8%
Net Margin
-50.1%
19.9%
Revenue YoY
35.9%
31.5%
Net Profit YoY
-29.9%
128.2%
EPS (diluted)
$-0.75
$0.01

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
BHM
BHM
VFF
VFF
Q4 25
$18.9M
$12.2M
Q3 25
$16.6M
$66.7M
Q2 25
$16.8M
$59.9M
Q1 25
$16.4M
$77.1M
Q4 24
$13.9M
Q3 24
$12.7M
$54.9M
Q2 24
$12.5M
$53.6M
Q1 24
$11.2M
$78.1M
Net Profit
BHM
BHM
VFF
VFF
Q4 25
$-9.5M
$2.4M
Q3 25
$-10.0M
$10.2M
Q2 25
$-5.8M
$26.5M
Q1 25
$-7.3M
$-6.7M
Q4 24
$-7.3M
Q3 24
$3.5M
$-820.0K
Q2 24
$-5.2M
$-23.5M
Q1 24
$-3.2M
$-2.9M
Gross Margin
BHM
BHM
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
BHM
BHM
VFF
VFF
Q4 25
-48.8%
Q3 25
-57.6%
23.3%
Q2 25
-30.9%
20.8%
Q1 25
-42.6%
-8.0%
Q4 24
-52.8%
Q3 24
27.9%
3.8%
Q2 24
-41.3%
-43.5%
Q1 24
-28.4%
-3.0%
Net Margin
BHM
BHM
VFF
VFF
Q4 25
-50.1%
19.9%
Q3 25
-60.0%
15.3%
Q2 25
-34.7%
44.2%
Q1 25
-44.7%
-8.7%
Q4 24
-52.8%
Q3 24
27.9%
-1.5%
Q2 24
-41.3%
-43.9%
Q1 24
-28.4%
-3.7%
EPS (diluted)
BHM
BHM
VFF
VFF
Q4 25
$-0.75
$0.01
Q3 25
$-0.94
$0.08
Q2 25
$-0.66
$0.24
Q1 25
$-0.67
$-0.06
Q4 24
$-0.65
Q3 24
$0.24
$-0.01
Q2 24
$-0.42
$-0.21
Q1 24
$-0.27
$-0.03

Balance Sheet & Financial Strength

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

Metric
BHM
BHM
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$169.6M
$81.2M
Total DebtLower is stronger
$428.4M
$33.7M
Stockholders' EquityBook value
$128.7M
$299.9M
Total Assets
$1.2B
$423.1M
Debt / EquityLower = less leverage
3.33×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHM
BHM
VFF
VFF
Q4 25
$169.6M
$81.2M
Q3 25
$2.1M
$82.6M
Q2 25
$4.2M
$60.0M
Q1 25
$3.0M
$15.1M
Q4 24
$115.2M
Q3 24
$155.1M
$28.7M
Q2 24
$116.0M
$29.7M
Q1 24
$92.3M
$26.7M
Total Debt
BHM
BHM
VFF
VFF
Q4 25
$428.4M
$33.7M
Q3 25
$415.9M
$34.6M
Q2 25
$338.6M
$39.1M
Q1 25
$336.5M
$39.2M
Q4 24
$373.8M
Q3 24
$122.5M
$43.3M
Q2 24
$119.7M
$44.4M
Q1 24
$120.2M
$46.1M
Stockholders' Equity
BHM
BHM
VFF
VFF
Q4 25
$128.7M
$299.9M
Q3 25
$131.7M
$295.4M
Q2 25
$135.3M
$284.3M
Q1 25
$137.1M
$248.3M
Q4 24
$139.1M
Q3 24
$142.9M
$274.4M
Q2 24
$142.5M
$275.2M
Q1 24
$144.5M
$296.2M
Total Assets
BHM
BHM
VFF
VFF
Q4 25
$1.2B
$423.1M
Q3 25
$222.1M
$418.4M
Q2 25
$220.3M
$403.7M
Q1 25
$186.2M
$377.1M
Q4 24
$967.0M
Q3 24
$800.8M
$417.8M
Q2 24
$756.2M
$425.4M
Q1 24
$727.4M
$458.4M
Debt / Equity
BHM
BHM
VFF
VFF
Q4 25
3.33×
0.11×
Q3 25
3.16×
0.12×
Q2 25
2.50×
0.14×
Q1 25
2.45×
0.16×
Q4 24
2.69×
Q3 24
0.86×
0.16×
Q2 24
0.84×
0.16×
Q1 24
0.83×
0.16×

Cash Flow & Capital Efficiency

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

Metric
BHM
BHM
VFF
VFF
Operating Cash FlowLast quarter
$27.8M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
55.0%
Capex IntensityCapex / Revenue
91.8%
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHM
BHM
VFF
VFF
Q4 25
$27.8M
Q3 25
$13.4M
$24.4M
Q2 25
$13.9M
Q1 25
$951.0K
$-6.4M
Q4 24
$9.1M
Q3 24
$1.7M
$4.3M
Q2 24
$1.3M
$5.7M
Q1 24
$1.1M
$-50.0K
Free Cash Flow
BHM
BHM
VFF
VFF
Q4 25
$10.4M
Q3 25
$8.7M
$22.6M
Q2 25
$8.8M
Q1 25
$-2.9M
$-8.9M
Q4 24
$-253.0K
Q3 24
$-601.0K
$1.5M
Q2 24
$-654.0K
$4.8M
Q1 24
$-630.0K
$-1.9M
FCF Margin
BHM
BHM
VFF
VFF
Q4 25
55.0%
Q3 25
52.4%
33.9%
Q2 25
52.2%
Q1 25
-17.6%
-11.6%
Q4 24
-1.8%
Q3 24
-4.7%
2.7%
Q2 24
-5.2%
9.0%
Q1 24
-5.6%
-2.5%
Capex Intensity
BHM
BHM
VFF
VFF
Q4 25
91.8%
90.8%
Q3 25
28.5%
2.7%
Q2 25
30.3%
4.6%
Q1 25
23.4%
3.3%
Q4 24
66.9%
Q3 24
18.0%
5.1%
Q2 24
15.3%
1.6%
Q1 24
15.5%
2.4%
Cash Conversion
BHM
BHM
VFF
VFF
Q4 25
Q3 25
2.39×
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
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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