vs
Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) and Claros Mortgage Trust, Inc. (CMTG). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $46.7M, roughly 1.4× Claros Mortgage Trust, Inc.). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -468.9%, a 502.9% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs -10.9%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
CAC vs CMTG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $46.7M |
| Net Profit | $21.9M | $-219.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 34.0% | -468.9% |
| Revenue YoY | — | -22.4% |
| Net Profit YoY | — | -117.7% |
| EPS (diluted) | $1.29 | $-1.56 |
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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $46.7M | ||
| Q3 25 | $65.4M | $46.1M | ||
| Q2 25 | $62.3M | $51.6M | ||
| Q1 25 | $60.1M | $43.4M | ||
| Q4 24 | $47.6M | $60.2M | ||
| Q3 24 | $45.0M | $64.9M | ||
| Q2 24 | $42.8M | $64.5M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-219.2M | ||
| Q3 25 | $21.2M | $-9.5M | ||
| Q2 25 | $14.1M | $-181.7M | ||
| Q1 25 | $7.3M | $-78.6M | ||
| Q4 24 | $14.7M | $-100.7M | ||
| Q3 24 | $13.1M | $-56.2M | ||
| Q2 24 | $12.0M | $-11.6M |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 34.7% | — |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -468.9% | ||
| Q3 25 | 32.4% | -20.7% | ||
| Q2 25 | 22.6% | -351.9% | ||
| Q1 25 | 12.2% | -181.3% | ||
| Q4 24 | 30.8% | -167.2% | ||
| Q3 24 | 29.1% | -86.7% | ||
| Q2 24 | 28.0% | -17.9% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-1.56 | ||
| Q3 25 | $1.25 | $-0.07 | ||
| Q2 25 | $0.83 | $-1.30 | ||
| Q1 25 | $0.43 | $-0.56 | ||
| Q4 24 | $1.00 | $-0.72 | ||
| Q3 24 | $0.90 | $-0.40 | ||
| Q2 24 | $0.81 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $173.2M |
| Total DebtLower is stronger | $514.4M | $3.2B |
| Stockholders' EquityBook value | $710.0M | $1.5B |
| Total Assets | $7.0B | $4.7B |
| Debt / EquityLower = less leverage | 0.72× | 2.06× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $173.2M | ||
| Q3 25 | — | $339.5M | ||
| Q2 25 | — | $209.2M | ||
| Q1 25 | — | $127.8M | ||
| Q4 24 | — | $99.1M | ||
| Q3 24 | — | $113.9M | ||
| Q2 24 | — | $148.2M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.3B |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $1.5B | ||
| Q3 25 | $676.4M | $1.7B | ||
| Q2 25 | $652.1M | $1.8B | ||
| Q1 25 | $640.1M | $1.9B | ||
| Q4 24 | $531.2M | $2.0B | ||
| Q3 24 | $529.9M | $2.1B | ||
| Q2 24 | $508.3M | $2.2B |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $4.7B | ||
| Q3 25 | $7.0B | $5.4B | ||
| Q2 25 | $6.9B | $5.8B | ||
| Q1 25 | $7.0B | $6.7B | ||
| Q4 24 | $5.8B | $7.0B | ||
| Q3 24 | $5.7B | $7.3B | ||
| Q2 24 | $5.7B | $7.6B |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | 2.29× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.44× | ||
| Q2 24 | — | 2.46× |
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 | — | $-30.5M |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $-30.5M | ||
| Q3 25 | $36.1M | $8.8M | ||
| Q2 25 | $6.0M | $-5.8M | ||
| Q1 25 | $1.0M | $-35.8M | ||
| Q4 24 | $60.9M | $84.5M | ||
| Q3 24 | $-14.5M | $39.2M | ||
| Q2 24 | $14.5M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $-727.0K | — | ||
| Q4 24 | $55.4M | — | ||
| Q3 24 | $-16.2M | — | ||
| Q2 24 | $13.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | — | ||
| Q3 25 | 54.1% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | 116.4% | — | ||
| Q3 24 | -36.0% | — | ||
| Q2 24 | 30.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
