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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) and Opera Ltd (OPRA). 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 $142.7M, roughly 1.1× Opera Ltd). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 12.8%, a 18.5% gap on every dollar of revenue.

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.

Opera is a multinational technology corporation headquartered in Oslo, Norway, with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 296 million monthly active users.

CBL vs OPRA — Head-to-Head

Bigger by revenue
CBL
CBL
1.1× larger
CBL
$156.4M
$142.7M
OPRA
Higher net margin
CBL
CBL
18.5% more per $
CBL
31.3%
12.8%
OPRA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
CBL
CBL
OPRA
OPRA
Revenue
$156.4M
$142.7M
Net Profit
$49.0M
$18.3M
Gross Margin
Operating Margin
14.8%
Net Margin
31.3%
12.8%
Revenue YoY
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$1.61

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
OPRA
OPRA
Q4 25
$156.4M
Q3 25
$139.3M
Q2 25
$140.9M
Q1 25
$141.8M
$142.7M
Q4 24
$131.7M
Q3 24
$125.1M
Q2 24
$129.7M
$211.6M
Q1 24
$129.1M
Net Profit
CBL
CBL
OPRA
OPRA
Q4 25
$49.0M
Q3 25
$75.4M
Q2 25
$2.8M
Q1 25
$8.8M
$18.3M
Q4 24
$38.0M
Q3 24
$16.2M
Q2 24
$4.7M
$34.1M
Q1 24
$50.0K
Operating Margin
CBL
CBL
OPRA
OPRA
Q4 25
Q3 25
Q2 25
Q1 25
14.8%
Q4 24
Q3 24
Q2 24
19.6%
Q1 24
Net Margin
CBL
CBL
OPRA
OPRA
Q4 25
31.3%
Q3 25
54.2%
Q2 25
2.0%
Q1 25
6.2%
12.8%
Q4 24
28.8%
Q3 24
12.9%
Q2 24
3.7%
16.1%
Q1 24
0.0%
EPS (diluted)
CBL
CBL
OPRA
OPRA
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
Q1 25
$0.27
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
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
OPRA
OPRA
Cash + ST InvestmentsLiquidity on hand
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$374.9M
Total Assets
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
OPRA
OPRA
Q4 25
$42.3M
Q3 25
$52.6M
Q2 25
$100.3M
Q1 25
$100.3M
Q4 24
$40.8M
Q3 24
$65.1M
Q2 24
$57.7M
Q1 24
$57.7M
Total Debt
CBL
CBL
OPRA
OPRA
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
OPRA
OPRA
Q4 25
$374.9M
Q3 25
$351.4M
Q2 25
$289.4M
Q1 25
$295.0M
Q4 24
$323.5M
Q3 24
$308.3M
Q2 24
$308.8M
Q1 24
$324.2M
Total Assets
CBL
CBL
OPRA
OPRA
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.7B
Q3 24
$2.2B
Q2 24
$2.3B
Q1 24
$2.3B
Debt / Equity
CBL
CBL
OPRA
OPRA
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
OPRA
OPRA
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
OPRA
OPRA
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
OPRA
OPRA
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
OPRA
OPRA
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
OPRA
OPRA
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
OPRA
OPRA
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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