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

CBL & ASSOCIATES PROPERTIES INC is the larger business by last-quarter revenue ($156.4M vs $119.9M, roughly 1.3× GDEV Inc.). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 13.9%, a 17.5% gap on every dollar of revenue. On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs 13.3%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

CBL vs GDEV — Head-to-Head

Bigger by revenue
CBL
CBL
1.3× larger
CBL
$156.4M
$119.9M
GDEV
Growing faster (revenue YoY)
CBL
CBL
+5.5% gap
CBL
18.8%
13.3%
GDEV
Higher net margin
CBL
CBL
17.5% more per $
CBL
31.3%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CBL
CBL
GDEV
GDEV
Revenue
$156.4M
$119.9M
Net Profit
$49.0M
$16.6M
Gross Margin
Operating Margin
15.5%
Net Margin
31.3%
13.9%
Revenue YoY
18.8%
13.3%
Net Profit YoY
29.0%
13.0%
EPS (diluted)
$1.61
$0.90

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
GDEV
GDEV
Q4 25
$156.4M
Q3 25
$139.3M
Q2 25
$140.9M
$119.9M
Q1 25
$141.8M
Q4 24
$131.7M
Q3 24
$125.1M
Q2 24
$129.7M
$105.8M
Q1 24
$129.1M
Net Profit
CBL
CBL
GDEV
GDEV
Q4 25
$49.0M
Q3 25
$75.4M
Q2 25
$2.8M
$16.6M
Q1 25
$8.8M
Q4 24
$38.0M
Q3 24
$16.2M
Q2 24
$4.7M
$14.7M
Q1 24
$50.0K
Operating Margin
CBL
CBL
GDEV
GDEV
Q4 25
Q3 25
Q2 25
15.5%
Q1 25
Q4 24
Q3 24
Q2 24
14.4%
Q1 24
Net Margin
CBL
CBL
GDEV
GDEV
Q4 25
31.3%
Q3 25
54.2%
Q2 25
2.0%
13.9%
Q1 25
6.2%
Q4 24
28.8%
Q3 24
12.9%
Q2 24
3.7%
13.9%
Q1 24
0.0%
EPS (diluted)
CBL
CBL
GDEV
GDEV
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
$0.90
Q1 25
$0.27
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
$0.81
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$42.3M
$41.6M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$374.9M
$-129.4M
Total Assets
$2.7B
$210.2M
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
GDEV
GDEV
Q4 25
$42.3M
Q3 25
$52.6M
Q2 25
$100.3M
$41.6M
Q1 25
$100.3M
Q4 24
$40.8M
Q3 24
$65.1M
Q2 24
$57.7M
$50.8M
Q1 24
$57.7M
Total Debt
CBL
CBL
GDEV
GDEV
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
GDEV
GDEV
Q4 25
$374.9M
Q3 25
$351.4M
Q2 25
$289.4M
$-129.4M
Q1 25
$295.0M
Q4 24
$323.5M
Q3 24
$308.3M
Q2 24
$308.8M
$-118.7M
Q1 24
$324.2M
Total Assets
CBL
CBL
GDEV
GDEV
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
$210.2M
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.2B
Q2 24
$2.3B
$282.8M
Q1 24
$2.3B
Debt / Equity
CBL
CBL
GDEV
GDEV
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
GDEV
GDEV
Operating Cash FlowLast quarter
$249.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
GDEV
GDEV
Q4 25
$249.7M
Q3 25
$69.6M
Q2 25
$68.3M
Q1 25
$31.7M
Q4 24
$202.2M
Q3 24
$61.1M
Q2 24
$64.2M
Q1 24
$30.7M
Free Cash Flow
CBL
CBL
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$46.0M
Q2 24
$54.8M
Q1 24
$24.7M
FCF Margin
CBL
CBL
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.8%
Q2 24
42.2%
Q1 24
19.1%
Capex Intensity
CBL
CBL
GDEV
GDEV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.1%
Q2 24
7.3%
Q1 24
4.7%
Cash Conversion
CBL
CBL
GDEV
GDEV
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
Q1 24
614.76×

Financial Flow Comparison

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

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