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Side-by-side financial comparison of BARNWELL INDUSTRIES INC (BRN) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.0M, roughly 1.4× BARNWELL INDUSTRIES INC). BARNWELL INDUSTRIES INC runs the higher net margin — -80.9% vs -188.3%, a 107.4% gap on every dollar of revenue. On growth, BARNWELL INDUSTRIES INC posted the faster year-over-year revenue change (9.7% vs -52.5%). Over the past eight quarters, BARNWELL INDUSTRIES INC's revenue compounded faster (-30.2% CAGR vs -57.6%).

Evening Post Industries is a privately held American media company based in Charleston, South Carolina, United States. It has been led by four generations of the Manigault family.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

BRN vs CWD — Head-to-Head

Bigger by revenue
CWD
CWD
1.4× larger
CWD
$4.1M
$3.0M
BRN
Growing faster (revenue YoY)
BRN
BRN
+62.2% gap
BRN
9.7%
-52.5%
CWD
Higher net margin
BRN
BRN
107.4% more per $
BRN
-80.9%
-188.3%
CWD
Faster 2-yr revenue CAGR
BRN
BRN
Annualised
BRN
-30.2%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRN
BRN
CWD
CWD
Revenue
$3.0M
$4.1M
Net Profit
$-2.4M
$-7.7M
Gross Margin
Operating Margin
-23.0%
-196.6%
Net Margin
-80.9%
-188.3%
Revenue YoY
9.7%
-52.5%
Net Profit YoY
-29.0%
32.2%
EPS (diluted)
$-0.25
$1.95

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
BRN
BRN
CWD
CWD
Q4 25
$4.1M
Q3 25
$3.0M
$3.6M
Q2 25
$3.2M
$5.1M
Q1 25
$3.6M
$7.3M
Q4 24
$3.9M
$8.7M
Q3 24
$2.7M
$11.3M
Q2 24
$4.5M
$8.2M
Q1 24
$4.7M
$23.0M
Net Profit
BRN
BRN
CWD
CWD
Q4 25
$-7.7M
Q3 25
$-2.4M
$-4.4M
Q2 25
$-1.6M
$-5.3M
Q1 25
$-1.2M
$-4.4M
Q4 24
$-1.9M
$-11.4M
Q3 24
$-1.9M
$146.0K
Q2 24
$-1.2M
$-4.7M
Q1 24
$-1.8M
$-3.8M
Operating Margin
BRN
BRN
CWD
CWD
Q4 25
-196.6%
Q3 25
-23.0%
-129.6%
Q2 25
1.6%
-112.4%
Q1 25
21.7%
-62.7%
Q4 24
-2.7%
-236.8%
Q3 24
-1.3%
0.0%
Q2 24
7.9%
-65.0%
Q1 24
-14.7%
-22.9%
Net Margin
BRN
BRN
CWD
CWD
Q4 25
-188.3%
Q3 25
-80.9%
-120.2%
Q2 25
-48.6%
-104.5%
Q1 25
-33.8%
-60.7%
Q4 24
-48.7%
-247.6%
Q3 24
-68.8%
1.3%
Q2 24
-27.7%
-57.8%
Q1 24
-37.9%
-16.6%
EPS (diluted)
BRN
BRN
CWD
CWD
Q4 25
$1.95
Q3 25
$-0.25
$-1.65
Q2 25
$-0.15
$-4.15
Q1 25
$-0.12
$-3.85
Q4 24
$-0.19
$-10.15
Q3 24
$-0.19
$0.12
Q2 24
$-0.12
$-4.34
Q1 24
$-0.18
$-3.53

Balance Sheet & Financial Strength

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

Metric
BRN
BRN
CWD
CWD
Cash + ST InvestmentsLiquidity on hand
$2.9M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0M
$1.3M
Total Assets
$20.8M
$135.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRN
BRN
CWD
CWD
Q4 25
$2.9M
Q3 25
$2.9M
$10.9M
Q2 25
$1.2M
$683.0K
Q1 25
$1.4M
$1.6M
Q4 24
$2.0M
$2.3M
Q3 24
$4.3M
$1.6M
Q2 24
$4.4M
$1.8M
Q1 24
$3.7M
$2.1M
Stockholders' Equity
BRN
BRN
CWD
CWD
Q4 25
$1.3M
Q3 25
$7.0M
$4.2M
Q2 25
$8.6M
$-19.9M
Q1 25
$10.1M
$-15.8M
Q4 24
$11.3M
$-12.6M
Q3 24
$13.0M
$-3.8M
Q2 24
$15.0M
$-4.7M
Q1 24
$16.4M
$-745.0K
Total Assets
BRN
BRN
CWD
CWD
Q4 25
$135.4M
Q3 25
$20.8M
$82.6M
Q2 25
$23.8M
$59.3M
Q1 25
$24.4M
$103.6M
Q4 24
$26.0M
$105.5M
Q3 24
$30.7M
$158.6M
Q2 24
$31.4M
$195.2M
Q1 24
$32.8M
$201.5M

Cash Flow & Capital Efficiency

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

Metric
BRN
BRN
CWD
CWD
Operating Cash FlowLast quarter
$-610.0K
$-12.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRN
BRN
CWD
CWD
Q4 25
$-12.1M
Q3 25
$-610.0K
$-4.6M
Q2 25
$-309.0K
$-1.2M
Q1 25
$-302.0K
$-1.7M
Q4 24
$-759.0K
$555.0K
Q3 24
$1.2M
$-74.0K
Q2 24
$1.3M
$1.4M
Q1 24
$887.0K
$-1.5M
Free Cash Flow
BRN
BRN
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-3.3M
Q3 24
Q2 24
Q1 24
FCF Margin
BRN
BRN
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-83.6%
Q3 24
Q2 24
Q1 24
Capex Intensity
BRN
BRN
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
64.3%
Q3 24
Q2 24
Q1 24
Cash Conversion
BRN
BRN
CWD
CWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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