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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) and CORCEPT THERAPEUTICS INC (CORT). Click either name above to swap in a different company.

CORCEPT THERAPEUTICS INC is the larger business by last-quarter revenue ($202.1M vs $156.4M, roughly 1.3× CBL & ASSOCIATES PROPERTIES INC). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 12.0%, a 19.3% gap on every dollar of revenue. On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs 11.1%). Over the past eight quarters, CORCEPT THERAPEUTICS INC's revenue compounded faster (17.3% CAGR vs 10.1%).

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.

Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.

CBL vs CORT — Head-to-Head

Bigger by revenue
CORT
CORT
1.3× larger
CORT
$202.1M
$156.4M
CBL
Growing faster (revenue YoY)
CBL
CBL
+7.7% gap
CBL
18.8%
11.1%
CORT
Higher net margin
CBL
CBL
19.3% more per $
CBL
31.3%
12.0%
CORT
Faster 2-yr revenue CAGR
CORT
CORT
Annualised
CORT
17.3%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBL
CBL
CORT
CORT
Revenue
$156.4M
$202.1M
Net Profit
$49.0M
$24.3M
Gross Margin
98.7%
Operating Margin
2.2%
Net Margin
31.3%
12.0%
Revenue YoY
18.8%
11.1%
Net Profit YoY
29.0%
-21.0%
EPS (diluted)
$1.61
$0.20

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
CBL
CBL
CORT
CORT
Q4 25
$156.4M
$202.1M
Q3 25
$139.3M
$207.6M
Q2 25
$140.9M
$194.4M
Q1 25
$141.8M
$157.2M
Q4 24
$131.7M
$181.9M
Q3 24
$125.1M
$182.5M
Q2 24
$129.7M
$163.8M
Q1 24
$129.1M
$146.8M
Net Profit
CBL
CBL
CORT
CORT
Q4 25
$49.0M
$24.3M
Q3 25
$75.4M
$19.7M
Q2 25
$2.8M
$35.1M
Q1 25
$8.8M
$20.5M
Q4 24
$38.0M
$30.7M
Q3 24
$16.2M
$47.2M
Q2 24
$4.7M
$35.5M
Q1 24
$50.0K
$27.8M
Gross Margin
CBL
CBL
CORT
CORT
Q4 25
98.7%
Q3 25
97.8%
Q2 25
98.2%
Q1 25
98.5%
Q4 24
98.4%
Q3 24
98.4%
Q2 24
98.5%
Q1 24
98.3%
Operating Margin
CBL
CBL
CORT
CORT
Q4 25
2.2%
Q3 25
4.9%
Q2 25
13.7%
Q1 25
2.2%
Q4 24
13.9%
Q3 24
25.5%
Q2 24
21.7%
Q1 24
20.1%
Net Margin
CBL
CBL
CORT
CORT
Q4 25
31.3%
12.0%
Q3 25
54.2%
9.5%
Q2 25
2.0%
18.1%
Q1 25
6.2%
13.1%
Q4 24
28.8%
16.9%
Q3 24
12.9%
25.9%
Q2 24
3.7%
21.7%
Q1 24
0.0%
18.9%
EPS (diluted)
CBL
CBL
CORT
CORT
Q4 25
$1.61
$0.20
Q3 25
$2.38
$0.16
Q2 25
$0.08
$0.29
Q1 25
$0.27
$0.17
Q4 24
$1.22
$0.25
Q3 24
$0.52
$0.41
Q2 24
$0.14
$0.32
Q1 24
$-0.01
$0.25

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
CORT
CORT
Cash + ST InvestmentsLiquidity on hand
$42.3M
$372.2M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$374.9M
$647.8M
Total Assets
$2.7B
$836.7M
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
CORT
CORT
Q4 25
$42.3M
$372.2M
Q3 25
$52.6M
$421.7M
Q2 25
$100.3M
$342.2M
Q1 25
$100.3M
$322.8M
Q4 24
$40.8M
$383.3M
Q3 24
$65.1M
$380.3M
Q2 24
$57.7M
$473.2M
Q1 24
$57.7M
$410.8M
Total Debt
CBL
CBL
CORT
CORT
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
CBL
CBL
CORT
CORT
Q4 25
$374.9M
$647.8M
Q3 25
$351.4M
$631.9M
Q2 25
$289.4M
$635.8M
Q1 25
$295.0M
$683.3M
Q4 24
$323.5M
$679.6M
Q3 24
$308.3M
$638.8M
Q2 24
$308.8M
$596.2M
Q1 24
$324.2M
$547.9M
Total Assets
CBL
CBL
CORT
CORT
Q4 25
$2.7B
$836.7M
Q3 25
$2.7B
$823.6M
Q2 25
$2.6B
$801.7M
Q1 25
$2.6B
$846.5M
Q4 24
$2.7B
$840.6M
Q3 24
$2.2B
$784.3M
Q2 24
$2.3B
$714.6M
Q1 24
$2.3B
$655.9M
Debt / Equity
CBL
CBL
CORT
CORT
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
Q1 24
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
CBL
CBL
CORT
CORT
Operating Cash FlowLast quarter
$249.7M
$38.4M
Free Cash FlowOCF − Capex
$38.4M
FCF MarginFCF / Revenue
19.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
5.10×
1.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
CORT
CORT
Q4 25
$249.7M
$38.4M
Q3 25
$69.6M
$54.5M
Q2 25
$68.3M
$43.9M
Q1 25
$31.7M
$5.1M
Q4 24
$202.2M
$59.3M
Q3 24
$61.1M
$73.8M
Q2 24
$64.2M
$41.2M
Q1 24
$30.7M
$23.8M
Free Cash Flow
CBL
CBL
CORT
CORT
Q4 25
$38.4M
Q3 25
Q2 25
$43.9M
Q1 25
$5.0M
Q4 24
$59.2M
Q3 24
$46.0M
$72.2M
Q2 24
$54.8M
$40.8M
Q1 24
$24.7M
FCF Margin
CBL
CBL
CORT
CORT
Q4 25
19.0%
Q3 25
Q2 25
22.6%
Q1 25
3.2%
Q4 24
32.5%
Q3 24
36.8%
39.5%
Q2 24
42.2%
24.9%
Q1 24
19.1%
Capex Intensity
CBL
CBL
CORT
CORT
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
12.1%
0.9%
Q2 24
7.3%
0.3%
Q1 24
4.7%
0.0%
Cash Conversion
CBL
CBL
CORT
CORT
Q4 25
5.10×
1.58×
Q3 25
0.92×
2.77×
Q2 25
24.74×
1.25×
Q1 25
3.60×
0.25×
Q4 24
5.32×
1.93×
Q3 24
3.77×
1.56×
Q2 24
13.54×
1.16×
Q1 24
614.76×
0.86×

Financial Flow Comparison

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

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