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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

MESA LABORATORIES INC is the larger business by last-quarter revenue ($65.1M vs $37.1M, roughly 1.8× Clipper Realty Inc.). MESA LABORATORIES INC runs the higher net margin — 5.6% vs -30.4%, a 36.0% gap on every dollar of revenue. On growth, MESA LABORATORIES INC posted the faster year-over-year revenue change (3.6% vs -2.6%). Over the past eight quarters, MESA LABORATORIES INC's revenue compounded faster (5.1% CAGR vs 1.8%).

Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007, in one of the largest real estate transactions in history. New York's Mayor Michael Bloomberg expressed concerns over the new landlord's history of building violati...

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

CLPR vs MLAB — Head-to-Head

Bigger by revenue
MLAB
MLAB
1.8× larger
MLAB
$65.1M
$37.1M
CLPR
Growing faster (revenue YoY)
MLAB
MLAB
+6.2% gap
MLAB
3.6%
-2.6%
CLPR
Higher net margin
MLAB
MLAB
36.0% more per $
MLAB
5.6%
-30.4%
CLPR
Faster 2-yr revenue CAGR
MLAB
MLAB
Annualised
MLAB
5.1%
1.8%
CLPR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CLPR
CLPR
MLAB
MLAB
Revenue
$37.1M
$65.1M
Net Profit
$-11.3M
$3.6M
Gross Margin
-5.2%
64.2%
Operating Margin
21.8%
12.2%
Net Margin
-30.4%
5.6%
Revenue YoY
-2.6%
3.6%
Net Profit YoY
-938.6%
316.6%
EPS (diluted)
$0.65

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
CLPR
CLPR
MLAB
MLAB
Q4 25
$37.1M
$65.1M
Q3 25
$37.7M
$60.7M
Q2 25
$39.0M
$59.5M
Q1 25
$39.4M
$62.1M
Q4 24
$38.0M
$62.8M
Q3 24
$37.6M
$57.8M
Q2 24
$37.3M
$58.2M
Q1 24
$35.8M
$58.9M
Net Profit
CLPR
CLPR
MLAB
MLAB
Q4 25
$-11.3M
$3.6M
Q3 25
$-4.6M
$2.5M
Q2 25
$-1.4M
$4.7M
Q1 25
$-35.1M
$-7.1M
Q4 24
$-1.1M
$-1.7M
Q3 24
$-1.1M
$3.4M
Q2 24
$-1.7M
$3.4M
Q1 24
$-2.7M
$-254.6M
Gross Margin
CLPR
CLPR
MLAB
MLAB
Q4 25
-5.2%
64.2%
Q3 25
23.6%
61.5%
Q2 25
27.8%
62.0%
Q1 25
-34.5%
61.8%
Q4 24
28.8%
63.3%
Q3 24
28.6%
61.3%
Q2 24
26.8%
64.0%
Q1 24
25.4%
62.1%
Operating Margin
CLPR
CLPR
MLAB
MLAB
Q4 25
21.8%
12.2%
Q3 25
23.6%
7.8%
Q2 25
27.7%
5.1%
Q1 25
-59.9%
2.4%
Q4 24
28.1%
9.2%
Q3 24
28.6%
6.1%
Q2 24
26.8%
9.6%
Q1 24
25.4%
-460.6%
Net Margin
CLPR
CLPR
MLAB
MLAB
Q4 25
-30.4%
5.6%
Q3 25
-12.2%
4.1%
Q2 25
-3.5%
8.0%
Q1 25
-89.1%
-11.4%
Q4 24
-2.9%
-2.7%
Q3 24
-2.9%
5.9%
Q2 24
-4.7%
5.8%
Q1 24
-7.5%
-432.2%
EPS (diluted)
CLPR
CLPR
MLAB
MLAB
Q4 25
$0.65
Q3 25
$0.45
Q2 25
$0.85
Q1 25
$-1.30
Q4 24
$-0.31
Q3 24
$0.63
Q2 24
$0.62
Q1 24
$-47.26

Balance Sheet & Financial Strength

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

Metric
CLPR
CLPR
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$30.8M
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$-30.7M
$186.7M
Total Assets
$1.2B
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLPR
CLPR
MLAB
MLAB
Q4 25
$30.8M
$29.0M
Q3 25
$26.1M
$20.4M
Q2 25
$32.0M
$21.3M
Q1 25
$21.3M
$27.3M
Q4 24
$19.9M
$27.3M
Q3 24
$18.6M
$24.3M
Q2 24
$20.3M
$28.5M
Q1 24
$21.9M
$28.2M
Total Debt
CLPR
CLPR
MLAB
MLAB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$1.3B
$71.3M
Q4 24
$1.3B
$72.2M
Q3 24
$1.3B
$73.1M
Q2 24
$1.2B
$74.1M
Q1 24
$1.2B
Stockholders' Equity
CLPR
CLPR
MLAB
MLAB
Q4 25
$-30.7M
$186.7M
Q3 25
$-25.0M
$178.5M
Q2 25
$-21.9M
$172.5M
Q1 25
$-20.1M
$159.8M
Q4 24
$-5.4M
$155.2M
Q3 24
$-3.6M
$161.5M
Q2 24
$-1.8M
$150.7M
Q1 24
$279.0K
$145.4M
Total Assets
CLPR
CLPR
MLAB
MLAB
Q4 25
$1.2B
$434.8M
Q3 25
$1.2B
$430.4M
Q2 25
$1.2B
$435.7M
Q1 25
$1.3B
$433.3M
Q4 24
$1.3B
$433.3M
Q3 24
$1.3B
$454.1M
Q2 24
$1.3B
$440.4M
Q1 24
$1.3B
$446.8M
Debt / Equity
CLPR
CLPR
MLAB
MLAB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 24
4396.73×

Cash Flow & Capital Efficiency

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

Metric
CLPR
CLPR
MLAB
MLAB
Operating Cash FlowLast quarter
$22.6M
$18.8M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
27.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
5.17×
TTM Free Cash FlowTrailing 4 quarters
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLPR
CLPR
MLAB
MLAB
Q4 25
$22.6M
$18.8M
Q3 25
$1.4M
$8.2M
Q2 25
$8.4M
$1.9M
Q1 25
$6.7M
$12.7M
Q4 24
$31.9M
$18.1M
Q3 24
$6.3M
$5.3M
Q2 24
$8.8M
$10.7M
Q1 24
$6.3M
$12.9M
Free Cash Flow
CLPR
CLPR
MLAB
MLAB
Q4 25
$18.0M
Q3 25
$7.1M
Q2 25
$884.0K
Q1 25
$-4.6M
$11.9M
Q4 24
$-37.9M
$17.3M
Q3 24
$3.5M
Q2 24
$9.9M
Q1 24
$-14.7M
$12.3M
FCF Margin
CLPR
CLPR
MLAB
MLAB
Q4 25
27.7%
Q3 25
11.7%
Q2 25
1.5%
Q1 25
-11.7%
19.2%
Q4 24
-99.5%
27.6%
Q3 24
6.0%
Q2 24
16.9%
Q1 24
-41.1%
21.0%
Capex Intensity
CLPR
CLPR
MLAB
MLAB
Q4 25
1.1%
Q3 25
1.8%
Q2 25
1.7%
Q1 25
28.6%
1.2%
Q4 24
183.3%
1.3%
Q3 24
3.1%
Q2 24
1.5%
Q1 24
58.6%
0.9%
Cash Conversion
CLPR
CLPR
MLAB
MLAB
Q4 25
5.17×
Q3 25
3.32×
Q2 25
0.40×
Q1 25
Q4 24
Q3 24
1.54×
Q2 24
3.17×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLPR
CLPR

Residential Segment$30.8M83%
Commercial Real Estate$6.2M17%

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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