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Side-by-side financial comparison of Brilliant Earth Group, Inc. (BRLT) and CBL & ASSOCIATES PROPERTIES INC (CBL). Click either name above to swap in a different company.

CBL & ASSOCIATES PROPERTIES INC is the larger business by last-quarter revenue ($156.4M vs $124.4M, roughly 1.3× Brilliant Earth Group, Inc.). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs -2.3%, a 33.6% gap on every dollar of revenue. On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs 4.1%). Over the past eight quarters, Brilliant Earth Group, Inc.'s revenue compounded faster (13.1% CAGR vs 10.1%).

Brilliant Earth is an American company that sells jewelry featuring diamonds and other gemstones that are asserted to be ethically sourced. The company was established in August 2005 by Beth Gerstein and Eric Grossberg, and is headquartered in San Francisco, California. According to Businessweek, the company has been influential in creating a market for ethically sourced jewelry. Some provenance claims were disputed as per a 2017 The Next Web article.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

BRLT vs CBL — Head-to-Head

Bigger by revenue
CBL
CBL
1.3× larger
CBL
$156.4M
$124.4M
BRLT
Growing faster (revenue YoY)
CBL
CBL
+14.7% gap
CBL
18.8%
4.1%
BRLT
Higher net margin
CBL
CBL
33.6% more per $
CBL
31.3%
-2.3%
BRLT
Faster 2-yr revenue CAGR
BRLT
BRLT
Annualised
BRLT
13.1%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRLT
BRLT
CBL
CBL
Revenue
$124.4M
$156.4M
Net Profit
$-2.9M
$49.0M
Gross Margin
55.9%
Operating Margin
-0.0%
Net Margin
-2.3%
31.3%
Revenue YoY
4.1%
18.8%
Net Profit YoY
-908.9%
29.0%
EPS (diluted)
$-0.20
$1.61

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
BRLT
BRLT
CBL
CBL
Q4 25
$124.4M
$156.4M
Q3 25
$110.3M
$139.3M
Q2 25
$108.9M
$140.9M
Q1 25
$93.9M
$141.8M
Q4 24
$119.5M
$131.7M
Q3 24
$99.9M
$125.1M
Q2 24
$105.4M
$129.7M
Q1 24
$97.3M
$129.1M
Net Profit
BRLT
BRLT
CBL
CBL
Q4 25
$-2.9M
$49.0M
Q3 25
$-107.0K
$75.4M
Q2 25
$-166.0K
$2.8M
Q1 25
$-466.0K
$8.8M
Q4 24
$358.0K
$38.0M
Q3 24
$-141.0K
$16.2M
Q2 24
$185.0K
$4.7M
Q1 24
$139.0K
$50.0K
Gross Margin
BRLT
BRLT
CBL
CBL
Q4 25
55.9%
Q3 25
57.6%
Q2 25
58.3%
Q1 25
58.6%
Q4 24
59.6%
Q3 24
60.8%
Q2 24
60.8%
Q1 24
59.9%
Operating Margin
BRLT
BRLT
CBL
CBL
Q4 25
-0.0%
Q3 25
-0.6%
Q2 25
-1.1%
Q1 25
-3.8%
Q4 24
2.0%
Q3 24
-1.1%
Q2 24
1.1%
Q1 24
0.9%
Net Margin
BRLT
BRLT
CBL
CBL
Q4 25
-2.3%
31.3%
Q3 25
-0.1%
54.2%
Q2 25
-0.2%
2.0%
Q1 25
-0.5%
6.2%
Q4 24
0.3%
28.8%
Q3 24
-0.1%
12.9%
Q2 24
0.2%
3.7%
Q1 24
0.1%
0.0%
EPS (diluted)
BRLT
BRLT
CBL
CBL
Q4 25
$-0.20
$1.61
Q3 25
$-0.01
$2.38
Q2 25
$-0.01
$0.08
Q1 25
$-0.03
$0.27
Q4 24
$0.02
$1.22
Q3 24
$-0.01
$0.52
Q2 24
$0.01
$0.14
Q1 24
$0.01
$-0.01

Balance Sheet & Financial Strength

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

Metric
BRLT
BRLT
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$79.1M
$42.3M
Total DebtLower is stronger
$0
$2.2B
Stockholders' EquityBook value
$12.3M
$374.9M
Total Assets
$200.9M
$2.7B
Debt / EquityLower = less leverage
0.00×
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRLT
BRLT
CBL
CBL
Q4 25
$79.1M
$42.3M
Q3 25
$73.4M
$52.6M
Q2 25
$133.6M
$100.3M
Q1 25
$147.3M
$100.3M
Q4 24
$161.9M
$40.8M
Q3 24
$152.7M
$65.1M
Q2 24
$152.2M
$57.7M
Q1 24
$147.5M
$57.7M
Total Debt
BRLT
BRLT
CBL
CBL
Q4 25
$0
$2.2B
Q3 25
$0
$2.2B
Q2 25
$34.5M
$2.1B
Q1 25
$54.5M
$2.2B
Q4 24
$55.7M
$2.2B
Q3 24
$58.1M
$1.8B
Q2 24
$58.0M
$1.9B
Q1 24
$58.8M
$1.9B
Stockholders' Equity
BRLT
BRLT
CBL
CBL
Q4 25
$12.3M
$374.9M
Q3 25
$12.0M
$351.4M
Q2 25
$15.3M
$289.4M
Q1 25
$14.9M
$295.0M
Q4 24
$15.3M
$323.5M
Q3 24
$14.5M
$308.3M
Q2 24
$14.1M
$308.8M
Q1 24
$13.3M
$324.2M
Total Assets
BRLT
BRLT
CBL
CBL
Q4 25
$200.9M
$2.7B
Q3 25
$203.0M
$2.7B
Q2 25
$260.9M
$2.6B
Q1 25
$269.6M
$2.6B
Q4 24
$281.2M
$2.7B
Q3 24
$273.2M
$2.2B
Q2 24
$272.5M
$2.3B
Q1 24
$268.2M
$2.3B
Debt / Equity
BRLT
BRLT
CBL
CBL
Q4 25
0.00×
5.79×
Q3 25
0.00×
6.21×
Q2 25
2.26×
7.39×
Q1 25
3.65×
7.29×
Q4 24
3.63×
6.84×
Q3 24
4.01×
5.76×
Q2 24
4.13×
6.00×
Q1 24
4.43×
5.74×

Cash Flow & Capital Efficiency

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

Metric
BRLT
BRLT
CBL
CBL
Operating Cash FlowLast quarter
$7.2M
$249.7M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
4.6%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters
$5.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRLT
BRLT
CBL
CBL
Q4 25
$7.2M
$249.7M
Q3 25
$608.0K
$69.6M
Q2 25
$9.1M
$68.3M
Q1 25
$-7.1M
$31.7M
Q4 24
$14.1M
$202.2M
Q3 24
$2.0M
$61.1M
Q2 24
$7.3M
$64.2M
Q1 24
$-5.8M
$30.7M
Free Cash Flow
BRLT
BRLT
CBL
CBL
Q4 25
$5.7M
Q3 25
$-3.0K
Q2 25
$7.9M
Q1 25
$-7.9M
Q4 24
$11.9M
Q3 24
$674.0K
$46.0M
Q2 24
$6.5M
$54.8M
Q1 24
$-6.4M
$24.7M
FCF Margin
BRLT
BRLT
CBL
CBL
Q4 25
4.6%
Q3 25
-0.0%
Q2 25
7.3%
Q1 25
-8.4%
Q4 24
10.0%
Q3 24
0.7%
36.8%
Q2 24
6.1%
42.2%
Q1 24
-6.5%
19.1%
Capex Intensity
BRLT
BRLT
CBL
CBL
Q4 25
1.2%
Q3 25
0.6%
Q2 25
1.1%
Q1 25
0.8%
Q4 24
1.8%
Q3 24
1.3%
12.1%
Q2 24
0.8%
7.3%
Q1 24
0.6%
4.7%
Cash Conversion
BRLT
BRLT
CBL
CBL
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
39.36×
5.32×
Q3 24
3.77×
Q2 24
39.51×
13.54×
Q1 24
-41.65×
614.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRLT
BRLT

US$120.3M97%
Non Us$4.2M3%

CBL
CBL

Segment breakdown not available.

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