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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). Click either name above to swap in a different company.

TRANSCONTINENTAL REALTY INVESTORS INC is the larger business by last-quarter revenue ($12.1M vs $7.1M, roughly 1.7× Borealis Foods Inc.). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -53.2%, a 122.0% gap on every dollar of revenue. On growth, TRANSCONTINENTAL REALTY INVESTORS INC posted the faster year-over-year revenue change (2.3% vs -12.0%). Over the past eight quarters, TRANSCONTINENTAL REALTY INVESTORS INC's revenue compounded faster (0.7% CAGR vs -2.4%).

Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

BRLS vs TCI — Head-to-Head

Bigger by revenue
TCI
TCI
1.7× larger
TCI
$12.1M
$7.1M
BRLS
Growing faster (revenue YoY)
TCI
TCI
+14.3% gap
TCI
2.3%
-12.0%
BRLS
Higher net margin
TCI
TCI
122.0% more per $
TCI
68.8%
-53.2%
BRLS
Faster 2-yr revenue CAGR
TCI
TCI
Annualised
TCI
0.7%
-2.4%
BRLS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BRLS
BRLS
TCI
TCI
Revenue
$7.1M
$12.1M
Net Profit
$-3.8M
$8.3M
Gross Margin
14.6%
Operating Margin
-27.1%
-28.9%
Net Margin
-53.2%
68.8%
Revenue YoY
-12.0%
2.3%
Net Profit YoY
21.8%
7577.8%
EPS (diluted)
$-0.18
$0.97

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
BRLS
BRLS
TCI
TCI
Q4 25
$12.1M
Q3 25
$7.1M
$12.8M
Q2 25
$7.2M
$12.2M
Q1 25
$6.8M
$12.0M
Q4 24
$6.8M
$11.8M
Q3 24
$8.1M
$11.6M
Q2 24
$5.5M
$11.8M
Q1 24
$7.9M
$11.9M
Net Profit
BRLS
BRLS
TCI
TCI
Q4 25
$8.3M
Q3 25
$-3.8M
$724.0K
Q2 25
$-4.6M
$169.0K
Q1 25
$-4.2M
$4.6M
Q4 24
$-5.8M
$108.0K
Q3 24
$-4.8M
$1.7M
Q2 24
$-6.3M
$1.5M
Q1 24
$-8.4M
$2.5M
Gross Margin
BRLS
BRLS
TCI
TCI
Q4 25
Q3 25
14.6%
Q2 25
7.2%
Q1 25
13.1%
Q4 24
3.7%
Q3 24
15.8%
Q2 24
7.7%
Q1 24
3.1%
Operating Margin
BRLS
BRLS
TCI
TCI
Q4 25
-28.9%
Q3 25
-27.1%
-10.9%
Q2 25
-46.7%
-6.8%
Q1 25
-42.6%
-5.3%
Q4 24
-68.4%
-14.3%
Q3 24
-44.8%
-14.4%
Q2 24
-94.8%
-9.2%
Q1 24
-88.3%
-11.2%
Net Margin
BRLS
BRLS
TCI
TCI
Q4 25
68.8%
Q3 25
-53.2%
5.6%
Q2 25
-64.0%
1.4%
Q1 25
-61.2%
38.5%
Q4 24
-85.3%
0.9%
Q3 24
-59.8%
14.7%
Q2 24
-115.0%
12.7%
Q1 24
-106.8%
21.4%
EPS (diluted)
BRLS
BRLS
TCI
TCI
Q4 25
$0.97
Q3 25
$-0.18
$0.08
Q2 25
$0.21
$0.02
Q1 25
$-0.20
$0.53
Q4 24
$-0.82
$0.01
Q3 24
$-0.23
$0.20
Q2 24
$0.29
$0.17
Q1 24
$-0.49
$0.30

Balance Sheet & Financial Strength

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

Metric
BRLS
BRLS
TCI
TCI
Cash + ST InvestmentsLiquidity on hand
$89.0M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$-12.9M
$846.7M
Total Assets
$56.3M
$1.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLS
BRLS
TCI
TCI
Q4 25
$89.0M
Q3 25
$82.7M
Q2 25
$73.5M
Q1 25
$88.6M
Q4 24
$99.7M
Q3 24
$131.6M
Q2 24
$127.5M
Q1 24
$130.8M
Total Debt
BRLS
BRLS
TCI
TCI
Q4 25
$210.8M
Q3 25
$223.5M
Q2 25
$212.4M
Q1 25
$198.2M
Q4 24
$181.9M
Q3 24
$180.3M
Q2 24
$177.4M
Q1 24
$178.3M
Stockholders' Equity
BRLS
BRLS
TCI
TCI
Q4 25
$846.7M
Q3 25
$-12.9M
$838.4M
Q2 25
$-9.2M
$837.7M
Q1 25
$-4.8M
$837.3M
Q4 24
$-695.9K
$832.3M
Q3 24
$5.1M
$832.2M
Q2 24
$9.9M
$830.4M
Q1 24
$16.2M
$828.9M
Total Assets
BRLS
BRLS
TCI
TCI
Q4 25
$1.1B
Q3 25
$56.3M
$1.1B
Q2 25
$57.3M
$1.1B
Q1 25
$58.4M
$1.1B
Q4 24
$60.0M
$1.1B
Q3 24
$61.9M
$1.1B
Q2 24
$63.6M
$1.0B
Q1 24
$70.3M
$1.0B
Debt / Equity
BRLS
BRLS
TCI
TCI
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
BRLS
BRLS
TCI
TCI
Operating Cash FlowLast quarter
$-190.6K
$-2.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLS
BRLS
TCI
TCI
Q4 25
$-2.9M
Q3 25
$-190.6K
$8.2M
Q2 25
$-2.2M
$-2.9M
Q1 25
$-1.4M
$-7.4M
Q4 24
$-819.4K
$1.3M
Q3 24
$-3.3M
$13.7M
Q2 24
$-4.2M
$-511.0K
Q1 24
$-6.8M
$3.9M
Free Cash Flow
BRLS
BRLS
TCI
TCI
Q4 25
Q3 25
Q2 25
Q1 25
$-1.4M
Q4 24
$-951.6K
Q3 24
$-3.7M
Q2 24
$-4.7M
Q1 24
$-7.3M
FCF Margin
BRLS
BRLS
TCI
TCI
Q4 25
Q3 25
Q2 25
Q1 25
-20.3%
Q4 24
-14.1%
Q3 24
-46.1%
Q2 24
-86.7%
Q1 24
-92.7%
Capex Intensity
BRLS
BRLS
TCI
TCI
Q4 25
Q3 25
Q2 25
Q1 25
0.2%
Q4 24
2.0%
Q3 24
5.6%
Q2 24
9.4%
Q1 24
7.0%
Cash Conversion
BRLS
BRLS
TCI
TCI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

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

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