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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.

Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $37.1M, roughly 1.0× Clipper Realty Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -30.4%, a 299.1% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs -2.6%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% 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...

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

CLPR vs ORC — Head-to-Head

Bigger by revenue
ORC
ORC
1.0× larger
ORC
$38.5M
$37.1M
CLPR
Growing faster (revenue YoY)
ORC
ORC
+375.2% gap
ORC
372.6%
-2.6%
CLPR
Higher net margin
ORC
ORC
299.1% more per $
ORC
268.7%
-30.4%
CLPR
Faster 2-yr revenue CAGR
ORC
ORC
Annualised
ORC
301.6%
1.8%
CLPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLPR
CLPR
ORC
ORC
Revenue
$37.1M
$38.5M
Net Profit
$-11.3M
$103.4M
Gross Margin
-5.2%
Operating Margin
21.8%
Net Margin
-30.4%
268.7%
Revenue YoY
-2.6%
372.6%
Net Profit YoY
-938.6%
1764.9%
EPS (diluted)

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
ORC
ORC
Q4 25
$37.1M
$38.5M
Q3 25
$37.7M
$26.9M
Q2 25
$39.0M
$23.2M
Q1 25
$39.4M
$19.7M
Q4 24
$38.0M
Q3 24
$37.6M
$340.0K
Q2 24
$37.3M
$-697.0K
Q1 24
$35.8M
$-2.5M
Net Profit
CLPR
CLPR
ORC
ORC
Q4 25
$-11.3M
$103.4M
Q3 25
$-4.6M
$72.1M
Q2 25
$-1.4M
$-33.6M
Q1 25
$-35.1M
$17.1M
Q4 24
$-1.1M
Q3 24
$-1.1M
$17.3M
Q2 24
$-1.7M
$-5.0M
Q1 24
$-2.7M
$19.8M
Gross Margin
CLPR
CLPR
ORC
ORC
Q4 25
-5.2%
Q3 25
23.6%
Q2 25
27.8%
Q1 25
-34.5%
Q4 24
28.8%
Q3 24
28.6%
Q2 24
26.8%
Q1 24
25.4%
Operating Margin
CLPR
CLPR
ORC
ORC
Q4 25
21.8%
Q3 25
23.6%
Q2 25
27.7%
Q1 25
-59.9%
Q4 24
28.1%
Q3 24
28.6%
Q2 24
26.8%
Q1 24
25.4%
Net Margin
CLPR
CLPR
ORC
ORC
Q4 25
-30.4%
268.7%
Q3 25
-12.2%
267.8%
Q2 25
-3.5%
-145.0%
Q1 25
-89.1%
86.9%
Q4 24
-2.9%
Q3 24
-2.9%
5094.1%
Q2 24
-4.7%
714.3%
Q1 24
-7.5%
-794.2%

Balance Sheet & Financial Strength

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

Metric
CLPR
CLPR
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$30.8M
$665.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-30.7M
$1.4B
Total Assets
$1.2B
$11.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLPR
CLPR
ORC
ORC
Q4 25
$30.8M
$665.9M
Q3 25
$26.1M
$583.9M
Q2 25
$32.0M
$440.8M
Q1 25
$21.3M
$396.4M
Q4 24
$19.9M
Q3 24
$18.6M
$322.1M
Q2 24
$20.3M
$241.0M
Q1 24
$21.9M
$190.4M
Total Debt
CLPR
CLPR
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
CLPR
CLPR
ORC
ORC
Q4 25
$-30.7M
$1.4B
Q3 25
$-25.0M
$1.1B
Q2 25
$-21.9M
$912.0M
Q1 25
$-20.1M
$855.9M
Q4 24
$-5.4M
Q3 24
$-3.6M
$656.0M
Q2 24
$-1.8M
$555.9M
Q1 24
$279.0K
$481.6M
Total Assets
CLPR
CLPR
ORC
ORC
Q4 25
$1.2B
$11.7B
Q3 25
$1.2B
$9.1B
Q2 25
$1.2B
$7.6B
Q1 25
$1.3B
$7.3B
Q4 24
$1.3B
Q3 24
$1.3B
$5.9B
Q2 24
$1.3B
$4.9B
Q1 24
$1.3B
$4.2B
Debt / Equity
CLPR
CLPR
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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
ORC
ORC
Operating Cash FlowLast quarter
$22.6M
$120.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLPR
CLPR
ORC
ORC
Q4 25
$22.6M
$120.4M
Q3 25
$1.4M
$28.0M
Q2 25
$8.4M
$18.4M
Q1 25
$6.7M
$25.8M
Q4 24
$31.9M
Q3 24
$6.3M
$-14.8M
Q2 24
$8.8M
$19.3M
Q1 24
$6.3M
$45.0M
Free Cash Flow
CLPR
CLPR
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
$-4.6M
Q4 24
$-37.9M
Q3 24
Q2 24
Q1 24
$-14.7M
FCF Margin
CLPR
CLPR
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
-11.7%
Q4 24
-99.5%
Q3 24
Q2 24
Q1 24
-41.1%
Capex Intensity
CLPR
CLPR
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
28.6%
Q4 24
183.3%
Q3 24
Q2 24
Q1 24
58.6%
Cash Conversion
CLPR
CLPR
ORC
ORC
Q4 25
1.16×
Q3 25
0.39×
Q2 25
Q1 25
1.51×
Q4 24
Q3 24
-0.86×
Q2 24
Q1 24
2.28×

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%

ORC
ORC

Segment breakdown not available.

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