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Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) and CORCEPT THERAPEUTICS INC (CORT). Click either name above to swap in a different company.

CORCEPT THERAPEUTICS INC is the larger business by last-quarter revenue ($202.1M vs $165.6M, roughly 1.2× Braemar Hotels & Resorts Inc.). CORCEPT THERAPEUTICS INC runs the higher net margin — 12.0% vs -20.3%, a 32.3% gap on every dollar of revenue. On growth, CORCEPT THERAPEUTICS INC posted the faster year-over-year revenue change (11.1% vs -4.5%). CORCEPT THERAPEUTICS INC produced more free cash flow last quarter ($38.4M vs $-37.1M). Over the past eight quarters, CORCEPT THERAPEUTICS INC's revenue compounded faster (17.3% CAGR vs -13.1%).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.

BHR vs CORT — Head-to-Head

Bigger by revenue
CORT
CORT
1.2× larger
CORT
$202.1M
$165.6M
BHR
Growing faster (revenue YoY)
CORT
CORT
+15.6% gap
CORT
11.1%
-4.5%
BHR
Higher net margin
CORT
CORT
32.3% more per $
CORT
12.0%
-20.3%
BHR
More free cash flow
CORT
CORT
$75.5M more FCF
CORT
$38.4M
$-37.1M
BHR
Faster 2-yr revenue CAGR
CORT
CORT
Annualised
CORT
17.3%
-13.1%
BHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHR
BHR
CORT
CORT
Revenue
$165.6M
$202.1M
Net Profit
$-33.6M
$24.3M
Gross Margin
98.7%
Operating Margin
-7.3%
2.2%
Net Margin
-20.3%
12.0%
Revenue YoY
-4.5%
11.1%
Net Profit YoY
-80.1%
-21.0%
EPS (diluted)
$-0.67
$0.20

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
BHR
BHR
CORT
CORT
Q4 25
$165.6M
$202.1M
Q3 25
$143.6M
$207.6M
Q2 25
$179.1M
$194.4M
Q1 25
$215.8M
$157.2M
Q4 24
$173.3M
$181.9M
Q3 24
$148.4M
$182.5M
Q2 24
$187.6M
$163.8M
Q1 24
$219.1M
$146.8M
Net Profit
BHR
BHR
CORT
CORT
Q4 25
$-33.6M
$24.3M
Q3 25
$5.7M
$19.7M
Q2 25
$-5.5M
$35.1M
Q1 25
$11.0M
$20.5M
Q4 24
$-18.7M
$30.7M
Q3 24
$12.6M
$47.2M
Q2 24
$-11.6M
$35.5M
Q1 24
$15.9M
$27.8M
Gross Margin
BHR
BHR
CORT
CORT
Q4 25
98.7%
Q3 25
97.8%
Q2 25
98.2%
Q1 25
98.5%
Q4 24
98.4%
Q3 24
98.4%
Q2 24
98.5%
Q1 24
98.3%
Operating Margin
BHR
BHR
CORT
CORT
Q4 25
-7.3%
2.2%
Q3 25
20.8%
4.9%
Q2 25
10.0%
13.7%
Q1 25
17.0%
2.2%
Q4 24
2.2%
13.9%
Q3 24
47.4%
25.5%
Q2 24
6.5%
21.7%
Q1 24
19.4%
20.1%
Net Margin
BHR
BHR
CORT
CORT
Q4 25
-20.3%
12.0%
Q3 25
4.0%
9.5%
Q2 25
-3.1%
18.1%
Q1 25
5.1%
13.1%
Q4 24
-10.8%
16.9%
Q3 24
8.5%
25.9%
Q2 24
-6.2%
21.7%
Q1 24
7.3%
18.9%
EPS (diluted)
BHR
BHR
CORT
CORT
Q4 25
$-0.67
$0.20
Q3 25
$-0.12
$0.16
Q2 25
$-0.24
$0.29
Q1 25
$-0.04
$0.17
Q4 24
$-0.47
$0.25
Q3 24
$-0.02
$0.41
Q2 24
$-0.33
$0.32
Q1 24
$0.05
$0.25

Balance Sheet & Financial Strength

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

Metric
BHR
BHR
CORT
CORT
Cash + ST InvestmentsLiquidity on hand
$124.4M
$372.2M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$138.7M
$647.8M
Total Assets
$1.9B
$836.7M
Debt / EquityLower = less leverage
7.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
CORT
CORT
Q4 25
$124.4M
$372.2M
Q3 25
$116.3M
$421.7M
Q2 25
$80.2M
$342.2M
Q1 25
$81.7M
$322.8M
Q4 24
$135.5M
$383.3M
Q3 24
$168.7M
$380.3M
Q2 24
$114.6M
$473.2M
Q1 24
$137.1M
$410.8M
Total Debt
BHR
BHR
CORT
CORT
Q4 25
$1.1B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
Q1 24
$1.2B
Stockholders' Equity
BHR
BHR
CORT
CORT
Q4 25
$138.7M
$647.8M
Q3 25
$211.9M
$631.9M
Q2 25
$225.1M
$635.8M
Q1 25
$238.9M
$683.3M
Q4 24
$240.7M
$679.6M
Q3 24
$276.9M
$638.8M
Q2 24
$282.3M
$596.2M
Q1 24
$307.3M
$547.9M
Total Assets
BHR
BHR
CORT
CORT
Q4 25
$1.9B
$836.7M
Q3 25
$2.0B
$823.6M
Q2 25
$2.1B
$801.7M
Q1 25
$2.1B
$846.5M
Q4 24
$2.1B
$840.6M
Q3 24
$2.2B
$784.3M
Q2 24
$2.2B
$714.6M
Q1 24
$2.3B
$655.9M
Debt / Equity
BHR
BHR
CORT
CORT
Q4 25
7.96×
Q3 25
5.50×
Q2 25
5.38×
Q1 25
5.03×
Q4 24
5.03×
Q3 24
4.36×
Q2 24
4.00×
Q1 24
3.98×

Cash Flow & Capital Efficiency

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

Metric
BHR
BHR
CORT
CORT
Operating Cash FlowLast quarter
$40.8M
$38.4M
Free Cash FlowOCF − Capex
$-37.1M
$38.4M
FCF MarginFCF / Revenue
-22.4%
19.0%
Capex IntensityCapex / Revenue
47.1%
0.0%
Cash ConversionOCF / Net Profit
1.58×
TTM Free Cash FlowTrailing 4 quarters
$-59.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
CORT
CORT
Q4 25
$40.8M
$38.4M
Q3 25
$-5.8M
$54.5M
Q2 25
$23.0M
$43.9M
Q1 25
$15.1M
$5.1M
Q4 24
$66.8M
$59.3M
Q3 24
$9.0K
$73.8M
Q2 24
$24.1M
$41.2M
Q1 24
$36.0M
$23.8M
Free Cash Flow
BHR
BHR
CORT
CORT
Q4 25
$-37.1M
$38.4M
Q3 25
$-27.3M
Q2 25
$5.3M
$43.9M
Q1 25
$-159.0K
$5.0M
Q4 24
$-3.8M
$59.2M
Q3 24
$-15.6M
$72.2M
Q2 24
$8.2M
$40.8M
Q1 24
$12.7M
FCF Margin
BHR
BHR
CORT
CORT
Q4 25
-22.4%
19.0%
Q3 25
-19.0%
Q2 25
3.0%
22.6%
Q1 25
-0.1%
3.2%
Q4 24
-2.2%
32.5%
Q3 24
-10.5%
39.5%
Q2 24
4.4%
24.9%
Q1 24
5.8%
Capex Intensity
BHR
BHR
CORT
CORT
Q4 25
47.1%
0.0%
Q3 25
15.0%
0.0%
Q2 25
9.9%
0.0%
Q1 25
7.1%
0.1%
Q4 24
40.7%
0.1%
Q3 24
10.5%
0.9%
Q2 24
8.5%
0.3%
Q1 24
10.7%
0.0%
Cash Conversion
BHR
BHR
CORT
CORT
Q4 25
1.58×
Q3 25
-1.00×
2.77×
Q2 25
1.25×
Q1 25
1.38×
0.25×
Q4 24
1.93×
Q3 24
0.00×
1.56×
Q2 24
1.16×
Q1 24
2.26×
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

CORT
CORT

Segment breakdown not available.

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