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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and Tri Pointe Homes, Inc. (TPH). Click either name above to swap in a different company.

Tri Pointe Homes, Inc. is the larger business by last-quarter revenue ($972.6M vs $866.3M, roughly 1.1× CrossAmerica Partners LP). Tri Pointe Homes, Inc. runs the higher net margin — 6.2% vs 1.2%, a 5.0% gap on every dollar of revenue. On growth, CrossAmerica Partners LP posted the faster year-over-year revenue change (-8.3% vs -22.4%). Tri Pointe Homes, Inc. produced more free cash flow last quarter ($213.2M vs $22.4M). Over the past eight quarters, Tri Pointe Homes, Inc.'s revenue compounded faster (1.8% CAGR vs -4.1%).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. The company is the 18th largest home construction company in the United States based on the number of homes closed.

CAPL vs TPH — Head-to-Head

Bigger by revenue
TPH
TPH
1.1× larger
TPH
$972.6M
$866.3M
CAPL
Growing faster (revenue YoY)
CAPL
CAPL
+14.2% gap
CAPL
-8.3%
-22.4%
TPH
Higher net margin
TPH
TPH
5.0% more per $
TPH
6.2%
1.2%
CAPL
More free cash flow
TPH
TPH
$190.8M more FCF
TPH
$213.2M
$22.4M
CAPL
Faster 2-yr revenue CAGR
TPH
TPH
Annualised
TPH
1.8%
-4.1%
CAPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CAPL
CAPL
TPH
TPH
Revenue
$866.3M
$972.6M
Net Profit
$10.2M
$60.2M
Gross Margin
12.4%
Operating Margin
3.0%
8.1%
Net Margin
1.2%
6.2%
Revenue YoY
-8.3%
-22.4%
Net Profit YoY
-39.6%
-53.4%
EPS (diluted)
$0.24
$0.70

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
CAPL
CAPL
TPH
TPH
Q4 25
$866.3M
$972.6M
Q3 25
$971.8M
$854.7M
Q2 25
$961.9M
$902.4M
Q1 25
$862.5M
$740.9M
Q4 24
$944.2M
$1.3B
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$1.2B
Q1 24
$941.5M
$939.4M
Net Profit
CAPL
CAPL
TPH
TPH
Q4 25
$10.2M
$60.2M
Q3 25
$13.6M
$56.1M
Q2 25
$25.2M
$60.7M
Q1 25
$-7.1M
$64.0M
Q4 24
$16.9M
$129.2M
Q3 24
$10.7M
$111.8M
Q2 24
$12.4M
$118.0M
Q1 24
$-17.5M
$99.1M
Gross Margin
CAPL
CAPL
TPH
TPH
Q4 25
12.4%
Q3 25
10.8%
Q2 25
10.5%
Q1 25
10.4%
Q4 24
10.7%
Q3 24
10.3%
Q2 24
9.2%
Q1 24
8.6%
Operating Margin
CAPL
CAPL
TPH
TPH
Q4 25
3.0%
8.1%
Q3 25
2.9%
8.1%
Q2 25
4.3%
8.5%
Q1 25
0.2%
10.4%
Q4 24
3.0%
13.4%
Q3 24
2.5%
12.6%
Q2 24
2.5%
12.9%
Q1 24
-1.4%
12.3%
Net Margin
CAPL
CAPL
TPH
TPH
Q4 25
1.2%
6.2%
Q3 25
1.4%
6.6%
Q2 25
2.6%
6.7%
Q1 25
-0.8%
8.6%
Q4 24
1.8%
10.3%
Q3 24
1.0%
9.8%
Q2 24
1.1%
10.2%
Q1 24
-1.9%
10.5%
EPS (diluted)
CAPL
CAPL
TPH
TPH
Q4 25
$0.24
$0.70
Q3 25
$0.34
$0.64
Q2 25
$0.64
$0.68
Q1 25
$-0.20
$0.70
Q4 24
$0.42
$1.37
Q3 24
$0.27
$1.18
Q2 24
$0.31
$1.25
Q1 24
$-0.48
$1.03

Balance Sheet & Financial Strength

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

Metric
CAPL
CAPL
TPH
TPH
Cash + ST InvestmentsLiquidity on hand
$3.1M
$982.8M
Total DebtLower is stronger
$687.2M
Stockholders' EquityBook value
$3.3B
Total Assets
$964.7M
$5.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
TPH
TPH
Q4 25
$3.1M
$982.8M
Q3 25
$5.8M
$792.0M
Q2 25
$9.7M
$622.6M
Q1 25
$6.7M
$812.9M
Q4 24
$3.4M
$970.0M
Q3 24
$7.8M
$676.0M
Q2 24
$5.5M
$492.9M
Q1 24
$6.3M
$944.0M
Total Debt
CAPL
CAPL
TPH
TPH
Q4 25
$687.2M
Q3 25
$700.8M
Q2 25
$722.7M
Q1 25
$774.1M
Q4 24
$763.9M
$646.5M
Q3 24
$769.2M
Q2 24
$786.7M
Q1 24
$795.8M
Stockholders' Equity
CAPL
CAPL
TPH
TPH
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$3.1B
Q1 24
$3.0B
Total Assets
CAPL
CAPL
TPH
TPH
Q4 25
$964.7M
$5.0B
Q3 25
$998.9M
$5.0B
Q2 25
$1.0B
$4.8B
Q1 25
$1.1B
$4.8B
Q4 24
$1.1B
$4.9B
Q3 24
$1.1B
$4.8B
Q2 24
$1.2B
$4.6B
Q1 24
$1.2B
$5.0B
Debt / Equity
CAPL
CAPL
TPH
TPH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.19×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CAPL
CAPL
TPH
TPH
Operating Cash FlowLast quarter
$29.4M
$221.0M
Free Cash FlowOCF − Capex
$22.4M
$213.2M
FCF MarginFCF / Revenue
2.6%
21.9%
Capex IntensityCapex / Revenue
0.8%
0.8%
Cash ConversionOCF / Net Profit
2.89×
3.67×
TTM Free Cash FlowTrailing 4 quarters
$55.8M
$128.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
TPH
TPH
Q4 25
$29.4M
$221.0M
Q3 25
$24.4M
$45.9M
Q2 25
$22.6M
$-74.3M
Q1 25
$15.0M
$-31.2M
Q4 24
$11.1M
$360.3M
Q3 24
$41.9M
$167.9M
Q2 24
$28.9M
$23.1M
Q1 24
$5.8M
$144.7M
Free Cash Flow
CAPL
CAPL
TPH
TPH
Q4 25
$22.4M
$213.2M
Q3 25
$17.7M
$39.1M
Q2 25
$10.8M
$-84.5M
Q1 25
$4.9M
$-39.3M
Q4 24
$3.9M
$355.9M
Q3 24
$34.2M
$161.5M
Q2 24
$23.6M
$17.0M
Q1 24
$-289.0K
$138.3M
FCF Margin
CAPL
CAPL
TPH
TPH
Q4 25
2.6%
21.9%
Q3 25
1.8%
4.6%
Q2 25
1.1%
-9.4%
Q1 25
0.6%
-5.3%
Q4 24
0.4%
28.4%
Q3 24
3.2%
14.1%
Q2 24
2.1%
1.5%
Q1 24
-0.0%
14.7%
Capex Intensity
CAPL
CAPL
TPH
TPH
Q4 25
0.8%
0.8%
Q3 25
0.7%
0.8%
Q2 25
1.2%
1.1%
Q1 25
1.2%
1.1%
Q4 24
0.8%
0.3%
Q3 24
0.7%
0.6%
Q2 24
0.5%
0.5%
Q1 24
0.6%
0.7%
Cash Conversion
CAPL
CAPL
TPH
TPH
Q4 25
2.89×
3.67×
Q3 25
1.79×
0.82×
Q2 25
0.90×
-1.22×
Q1 25
-0.49×
Q4 24
0.66×
2.79×
Q3 24
3.92×
1.50×
Q2 24
2.33×
0.20×
Q1 24
1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

TPH
TPH

West$547.8M56%
Central$245.1M25%
East$161.8M17%
Financial Services Segment$18.0M2%
Land$7.9M1%

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