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Side-by-side financial comparison of Cherry Hill Mortgage Investment Corp (CHMI) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $11.8M, roughly 1.1× Cherry Hill Mortgage Investment Corp). On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -37.2%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs -15.2%).

Cherry Hill Mortgage Investment Corp is a U.S.-headquartered real estate finance firm focused on acquiring, investing in and managing residential mortgage-related assets. Its core holdings include agency mortgage-backed securities, residential loans and mortgage servicing rights, operating primarily in the U.S. domestic housing finance market.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

CHMI vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.1× larger
TLSI
$13.2M
$11.8M
CHMI
Growing faster (revenue YoY)
TLSI
TLSI
+97.0% gap
TLSI
59.8%
-37.2%
CHMI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
-15.2%
CHMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHMI
CHMI
TLSI
TLSI
Revenue
$11.8M
$13.2M
Net Profit
$-9.8M
Gross Margin
78.9%
86.7%
Operating Margin
72.1%
-24.8%
Net Margin
-73.9%
Revenue YoY
-37.2%
59.8%
Net Profit YoY
3.5%
EPS (diluted)
$0.18
$-0.22

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
CHMI
CHMI
TLSI
TLSI
Q4 25
$11.8M
$13.2M
Q3 25
$8.6M
$11.6M
Q2 25
$6.0M
$11.2M
Q1 25
$-3.0M
$9.2M
Q4 24
$18.7M
$8.3M
Q3 24
$-7.1M
$7.3M
Q2 24
$6.6M
$7.4M
Q1 24
$16.3M
$6.5M
Net Profit
CHMI
CHMI
TLSI
TLSI
Q4 25
$-9.8M
Q3 25
$4.5M
$-10.8M
Q2 25
$1.6M
$-8.3M
Q1 25
$-7.0M
$-10.4M
Q4 24
$-10.1M
Q3 24
$-12.4M
$-2.4M
Q2 24
$784.0K
$-4.3M
Q1 24
$12.1M
$-13.2M
Gross Margin
CHMI
CHMI
TLSI
TLSI
Q4 25
78.9%
86.7%
Q3 25
73.2%
83.5%
Q2 25
67.7%
83.9%
Q1 25
183.4%
83.7%
Q4 24
83.3%
85.3%
Q3 24
145.3%
86.3%
Q2 24
47.5%
87.6%
Q1 24
83.9%
85.0%
Operating Margin
CHMI
CHMI
TLSI
TLSI
Q4 25
72.1%
-24.8%
Q3 25
56.0%
-77.9%
Q2 25
44.4%
-65.4%
Q1 25
223.6%
-79.9%
Q4 24
76.2%
-91.8%
Q3 24
171.8%
-118.9%
Q2 24
22.0%
-111.0%
Q1 24
78.0%
-180.8%
Net Margin
CHMI
CHMI
TLSI
TLSI
Q4 25
-73.9%
Q3 25
52.7%
-93.5%
Q2 25
25.9%
-73.9%
Q1 25
229.2%
-113.2%
Q4 24
-122.4%
Q3 24
175.8%
-32.6%
Q2 24
11.9%
-58.8%
Q1 24
73.7%
-204.5%
EPS (diluted)
CHMI
CHMI
TLSI
TLSI
Q4 25
$0.18
$-0.22
Q3 25
$0.05
$-0.96
Q2 25
$-0.03
$-0.27
Q1 25
$-0.29
$-0.39
Q4 24
$0.30
$-0.38
Q3 24
$-0.49
$-0.12
Q2 24
$-0.06
$-0.21
Q1 24
$0.32
$-0.60

Balance Sheet & Financial Strength

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

Metric
CHMI
CHMI
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$54.9M
$20.4M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$236.0M
$-33.9M
Total Assets
$1.5B
$35.3M
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHMI
CHMI
TLSI
TLSI
Q4 25
$54.9M
$20.4M
Q3 25
$55.4M
$22.7M
Q2 25
$58.0M
$26.5M
Q1 25
$47.3M
$13.0M
Q4 24
$46.3M
$8.5M
Q3 24
$50.2M
$11.3M
Q2 24
$52.4M
$16.5M
Q1 24
$47.5M
$4.0M
Total Debt
CHMI
CHMI
TLSI
TLSI
Q4 25
$146.3M
Q3 25
$148.0M
Q2 25
$150.1M
Q1 25
$150.1M
Q4 24
$152.1M
Q3 24
$151.8M
Q2 24
$160.5M
Q1 24
$167.5M
Stockholders' Equity
CHMI
CHMI
TLSI
TLSI
Q4 25
$236.0M
$-33.9M
Q3 25
$233.1M
$-26.7M
Q2 25
$229.9M
$-19.4M
Q1 25
$226.6M
$-34.4M
Q4 24
$230.3M
$-25.9M
Q3 24
$236.7M
$-20.4M
Q2 24
$234.5M
$-25.3M
Q1 24
$247.0M
$-36.0M
Total Assets
CHMI
CHMI
TLSI
TLSI
Q4 25
$1.5B
$35.3M
Q3 25
$1.5B
$36.5M
Q2 25
$1.5B
$41.3M
Q1 25
$1.4B
$28.6M
Q4 24
$1.5B
$24.0M
Q3 24
$1.6B
$27.5M
Q2 24
$1.4B
$32.4M
Q1 24
$1.4B
$17.9M
Debt / Equity
CHMI
CHMI
TLSI
TLSI
Q4 25
0.62×
Q3 25
0.63×
Q2 25
0.65×
Q1 25
0.66×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.68×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
CHMI
CHMI
TLSI
TLSI
Operating Cash FlowLast quarter
$19.1M
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHMI
CHMI
TLSI
TLSI
Q4 25
$19.1M
$-2.5M
Q3 25
$-2.4M
$-3.7M
Q2 25
$12.5M
$-7.3M
Q1 25
$682.0K
$-4.5M
Q4 24
$-4.7M
$-5.7M
Q3 24
$4.4M
$-10.8M
Q2 24
$4.1M
$-13.4M
Q1 24
$-19.1M
$-10.9M
Free Cash Flow
CHMI
CHMI
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
CHMI
CHMI
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
CHMI
CHMI
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
CHMI
CHMI
TLSI
TLSI
Q4 25
Q3 25
-0.53×
Q2 25
7.98×
Q1 25
Q4 24
Q3 24
Q2 24
5.18×
Q1 24
-1.58×

Financial Flow Comparison

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

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