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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) and PROCEPT BioRobotics Corp (PRCT). 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 $83.1M, roughly 1.9× PROCEPT BioRobotics Corp). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs -38.1%, a 69.4% gap on every dollar of revenue. On growth, PROCEPT BioRobotics Corp posted the faster year-over-year revenue change (20.2% vs 18.8%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% 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.

PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.

CBL vs PRCT — Head-to-Head

Bigger by revenue
CBL
CBL
1.9× larger
CBL
$156.4M
$83.1M
PRCT
Growing faster (revenue YoY)
PRCT
PRCT
+1.4% gap
PRCT
20.2%
18.8%
CBL
Higher net margin
CBL
CBL
69.4% more per $
CBL
31.3%
-38.1%
PRCT
Faster 2-yr revenue CAGR
PRCT
PRCT
Annualised
PRCT
24.8%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CBL
CBL
PRCT
PRCT
Revenue
$156.4M
$83.1M
Net Profit
$49.0M
$-31.6M
Gross Margin
64.9%
Operating Margin
-4.1%
Net Margin
31.3%
-38.1%
Revenue YoY
18.8%
20.2%
Net Profit YoY
29.0%
-27.9%
EPS (diluted)
$1.61
$-0.56

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.

Revenue
CBL
CBL
PRCT
PRCT
Q1 26
$83.1M
Q4 25
$156.4M
$76.4M
Q3 25
$139.3M
$83.3M
Q2 25
$140.9M
$79.2M
Q1 25
$141.8M
$69.2M
Q4 24
$131.7M
$68.2M
Q3 24
$125.1M
$58.4M
Q2 24
$129.7M
$53.4M
Net Profit
CBL
CBL
PRCT
PRCT
Q1 26
$-31.6M
Q4 25
$49.0M
$-29.8M
Q3 25
$75.4M
$-21.4M
Q2 25
$2.8M
$-19.6M
Q1 25
$8.8M
$-24.7M
Q4 24
$38.0M
$-18.9M
Q3 24
$16.2M
$-21.0M
Q2 24
$4.7M
$-25.6M
Gross Margin
CBL
CBL
PRCT
PRCT
Q1 26
64.9%
Q4 25
60.6%
Q3 25
64.8%
Q2 25
65.4%
Q1 25
63.9%
Q4 24
64.0%
Q3 24
63.2%
Q2 24
59.0%
Operating Margin
CBL
CBL
PRCT
PRCT
Q1 26
-4.1%
Q4 25
-40.6%
Q3 25
-27.8%
Q2 25
-28.0%
Q1 25
-39.7%
Q4 24
-28.9%
Q3 24
-38.4%
Q2 24
-50.3%
Net Margin
CBL
CBL
PRCT
PRCT
Q1 26
-38.1%
Q4 25
31.3%
-39.1%
Q3 25
54.2%
-25.7%
Q2 25
2.0%
-24.7%
Q1 25
6.2%
-35.8%
Q4 24
28.8%
-27.6%
Q3 24
12.9%
-35.9%
Q2 24
3.7%
-48.0%
EPS (diluted)
CBL
CBL
PRCT
PRCT
Q1 26
$-0.56
Q4 25
$1.61
$-0.54
Q3 25
$2.38
$-0.38
Q2 25
$0.08
$-0.35
Q1 25
$0.27
$-0.45
Q4 24
$1.22
$-0.34
Q3 24
$0.52
$-0.40
Q2 24
$0.14
$-0.50

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
PRCT
PRCT
Cash + ST InvestmentsLiquidity on hand
$42.3M
$245.6M
Total DebtLower is stronger
$2.2B
$51.7M
Stockholders' EquityBook value
$374.9M
$347.7M
Total Assets
$2.7B
$487.1M
Debt / EquityLower = less leverage
5.79×
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
PRCT
PRCT
Q1 26
$245.6M
Q4 25
$42.3M
$286.5M
Q3 25
$52.6M
$294.3M
Q2 25
$100.3M
$302.7M
Q1 25
$100.3M
$316.2M
Q4 24
$40.8M
$333.7M
Q3 24
$65.1M
$196.8M
Q2 24
$57.7M
$214.1M
Total Debt
CBL
CBL
PRCT
PRCT
Q1 26
$51.7M
Q4 25
$2.2B
$51.6M
Q3 25
$2.2B
$51.6M
Q2 25
$2.1B
$51.5M
Q1 25
$2.2B
$51.5M
Q4 24
$2.2B
$51.5M
Q3 24
$1.8B
$51.4M
Q2 24
$1.9B
$51.4M
Stockholders' Equity
CBL
CBL
PRCT
PRCT
Q1 26
$347.7M
Q4 25
$374.9M
$365.9M
Q3 25
$351.4M
$380.3M
Q2 25
$289.4M
$385.8M
Q1 25
$295.0M
$389.2M
Q4 24
$323.5M
$402.2M
Q3 24
$308.3M
$241.2M
Q2 24
$308.8M
$251.8M
Total Assets
CBL
CBL
PRCT
PRCT
Q1 26
$487.1M
Q4 25
$2.7B
$508.1M
Q3 25
$2.7B
$511.5M
Q2 25
$2.6B
$513.1M
Q1 25
$2.6B
$519.4M
Q4 24
$2.7B
$534.0M
Q3 24
$2.2B
$374.1M
Q2 24
$2.3B
$374.4M
Debt / Equity
CBL
CBL
PRCT
PRCT
Q1 26
0.15×
Q4 25
5.79×
0.14×
Q3 25
6.21×
0.14×
Q2 25
7.39×
0.13×
Q1 25
7.29×
0.13×
Q4 24
6.84×
0.13×
Q3 24
5.76×
0.21×
Q2 24
6.00×
0.20×

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
PRCT
PRCT
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
PRCT
PRCT
Q1 26
Q4 25
$249.7M
$-10.3M
Q3 25
$69.6M
$-6.6M
Q2 25
$68.3M
$-15.0M
Q1 25
$31.7M
$-17.0M
Q4 24
$202.2M
$-32.4M
Q3 24
$61.1M
$-18.8M
Q2 24
$64.2M
$-15.7M
Free Cash Flow
CBL
CBL
PRCT
PRCT
Q1 26
Q4 25
$-12.2M
Q3 25
$-9.5M
Q2 25
$-17.8M
Q1 25
$-18.8M
Q4 24
$-33.6M
Q3 24
$46.0M
$-19.0M
Q2 24
$54.8M
$-16.8M
FCF Margin
CBL
CBL
PRCT
PRCT
Q1 26
Q4 25
-15.9%
Q3 25
-11.4%
Q2 25
-22.5%
Q1 25
-27.2%
Q4 24
-49.2%
Q3 24
36.8%
-32.6%
Q2 24
42.2%
-31.4%
Capex Intensity
CBL
CBL
PRCT
PRCT
Q1 26
Q4 25
2.4%
Q3 25
3.4%
Q2 25
3.5%
Q1 25
2.7%
Q4 24
1.7%
Q3 24
12.1%
0.4%
Q2 24
7.3%
2.0%
Cash Conversion
CBL
CBL
PRCT
PRCT
Q1 26
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBL
CBL

Segment breakdown not available.

PRCT
PRCT

Handpieces and other consumables$43.0M52%
System sales and rentals$23.4M28%
Other$11.1M13%
Service$5.6M7%

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