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Side-by-side financial comparison of BT Brands, Inc. (BTBD) 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 $3.9M, roughly 1.1× BT Brands, Inc.). BT Brands, Inc. runs the higher net margin — 23.7% vs -188.3%, a 212.1% gap on every dollar of revenue. On growth, BT Brands, Inc. posted the faster year-over-year revenue change (-11.4% vs -52.5%). Over the past eight quarters, BT Brands, Inc.'s revenue compounded faster (-1.8% CAGR vs -57.6%).
BT Brands, Inc.BTBDEarnings & Financial Report
BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.
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.
BTBD vs CWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.9M | $4.1M |
| Net Profit | $915.0K | $-7.7M |
| Gross Margin | — | — |
| Operating Margin | 19.1% | -196.6% |
| Net Margin | 23.7% | -188.3% |
| Revenue YoY | -11.4% | -52.5% |
| Net Profit YoY | 516.9% | 32.2% |
| EPS (diluted) | $0.15 | $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.
| Q4 25 | — | $4.1M | ||
| Q3 25 | $3.9M | $3.6M | ||
| Q2 25 | $3.8M | $5.1M | ||
| Q1 25 | $3.2M | $7.3M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | $4.3M | $11.3M | ||
| Q2 24 | $4.1M | $8.2M | ||
| Q1 24 | $3.2M | $23.0M |
| Q4 25 | — | $-7.7M | ||
| Q3 25 | $915.0K | $-4.4M | ||
| Q2 25 | $55.0K | $-5.3M | ||
| Q1 25 | $-329.8K | $-4.4M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-219.5K | $146.0K | ||
| Q2 24 | $-70.0K | $-4.7M | ||
| Q1 24 | $-445.7K | $-3.8M |
| Q4 25 | — | -196.6% | ||
| Q3 25 | 19.1% | -129.6% | ||
| Q2 25 | -2.0% | -112.4% | ||
| Q1 25 | -9.0% | -62.7% | ||
| Q4 24 | — | -236.8% | ||
| Q3 24 | -1.7% | 0.0% | ||
| Q2 24 | -4.6% | -65.0% | ||
| Q1 24 | -19.8% | -22.9% |
| Q4 25 | — | -188.3% | ||
| Q3 25 | 23.7% | -120.2% | ||
| Q2 25 | 1.5% | -104.5% | ||
| Q1 25 | -10.2% | -60.7% | ||
| Q4 24 | — | -247.6% | ||
| Q3 24 | -5.0% | 1.3% | ||
| Q2 24 | -1.7% | -57.8% | ||
| Q1 24 | -14.0% | -16.6% |
| Q4 25 | — | $1.95 | ||
| Q3 25 | $0.15 | $-1.65 | ||
| Q2 25 | — | $-4.15 | ||
| Q1 25 | — | $-3.85 | ||
| Q4 24 | — | $-10.15 | ||
| Q3 24 | $-0.04 | $0.12 | ||
| Q2 24 | — | $-4.34 | ||
| Q1 24 | — | $-3.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5M | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.7M | $1.3M |
| Total Assets | $11.9M | $135.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.9M | ||
| Q3 25 | $3.5M | $10.9M | ||
| Q2 25 | $3.0M | $683.0K | ||
| Q1 25 | $2.7M | $1.6M | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | $2.0M | $1.6M | ||
| Q2 24 | $1.5M | $1.8M | ||
| Q1 24 | $1.5M | $2.1M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | $7.7M | $4.2M | ||
| Q2 25 | $6.8M | $-19.9M | ||
| Q1 25 | $6.7M | $-15.8M | ||
| Q4 24 | — | $-12.6M | ||
| Q3 24 | $8.5M | $-3.8M | ||
| Q2 24 | $8.7M | $-4.7M | ||
| Q1 24 | $8.8M | $-745.0K |
| Q4 25 | — | $135.4M | ||
| Q3 25 | $11.9M | $82.6M | ||
| Q2 25 | $11.2M | $59.3M | ||
| Q1 25 | $11.0M | $103.6M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | $13.7M | $158.6M | ||
| Q2 24 | $14.0M | $195.2M | ||
| Q1 24 | $14.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $325.2K | $-12.1M |
| Free Cash FlowOCF − Capex | $261.8K | — |
| FCF MarginFCF / Revenue | 6.8% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $325.2K | $-4.6M | ||
| Q2 25 | $384.4K | $-1.2M | ||
| Q1 25 | $-306.7K | $-1.7M | ||
| Q4 24 | — | $555.0K | ||
| Q3 24 | $129.3K | $-74.0K | ||
| Q2 24 | $82.5K | $1.4M | ||
| Q1 24 | $-408.9K | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | $261.8K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-431.1K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $50.4K | — | ||
| Q2 24 | $53.7K | — | ||
| Q1 24 | $-521.3K | — |
| Q4 25 | — | — | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -13.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | -16.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 3.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 6.98× | — | ||
| 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.
