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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and TANTECH HOLDINGS LTD (TANH). Click either name above to swap in a different company.

Clipper Realty Inc. is the larger business by last-quarter revenue ($37.1M vs $21.5M, roughly 1.7× TANTECH HOLDINGS LTD). TANTECH HOLDINGS LTD runs the higher net margin — 8.2% vs -30.4%, a 38.6% gap on every dollar of revenue. On growth, TANTECH HOLDINGS LTD posted the faster year-over-year revenue change (-0.2% vs -2.6%).

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...

Tantech Holdings Ltd is a China-based specialty manufacturing enterprise focused on R&D, production and distribution of bamboo-derived carbon products, high-performance clean energy materials and eco-friendly consumer goods, serving customers across Chinese and global markets in consumer goods, industrial materials and new energy segments.

CLPR vs TANH — Head-to-Head

Bigger by revenue
CLPR
CLPR
1.7× larger
CLPR
$37.1M
$21.5M
TANH
Growing faster (revenue YoY)
TANH
TANH
+2.4% gap
TANH
-0.2%
-2.6%
CLPR
Higher net margin
TANH
TANH
38.6% more per $
TANH
8.2%
-30.4%
CLPR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CLPR
CLPR
TANH
TANH
Revenue
$37.1M
$21.5M
Net Profit
$-11.3M
$1.8M
Gross Margin
-5.2%
22.2%
Operating Margin
21.8%
10.8%
Net Margin
-30.4%
8.2%
Revenue YoY
-2.6%
-0.2%
Net Profit YoY
-938.6%
59.8%
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
TANH
TANH
Q4 25
$37.1M
Q3 25
$37.7M
Q2 25
$39.0M
$21.5M
Q1 25
$39.4M
Q4 24
$38.0M
Q3 24
$37.6M
Q2 24
$37.3M
$21.5M
Q1 24
$35.8M
Net Profit
CLPR
CLPR
TANH
TANH
Q4 25
$-11.3M
Q3 25
$-4.6M
Q2 25
$-1.4M
$1.8M
Q1 25
$-35.1M
Q4 24
$-1.1M
Q3 24
$-1.1M
Q2 24
$-1.7M
$1.1M
Q1 24
$-2.7M
Gross Margin
CLPR
CLPR
TANH
TANH
Q4 25
-5.2%
Q3 25
23.6%
Q2 25
27.8%
22.2%
Q1 25
-34.5%
Q4 24
28.8%
Q3 24
28.6%
Q2 24
26.8%
22.3%
Q1 24
25.4%
Operating Margin
CLPR
CLPR
TANH
TANH
Q4 25
21.8%
Q3 25
23.6%
Q2 25
27.7%
10.8%
Q1 25
-59.9%
Q4 24
28.1%
Q3 24
28.6%
Q2 24
26.8%
8.0%
Q1 24
25.4%
Net Margin
CLPR
CLPR
TANH
TANH
Q4 25
-30.4%
Q3 25
-12.2%
Q2 25
-3.5%
8.2%
Q1 25
-89.1%
Q4 24
-2.9%
Q3 24
-2.9%
Q2 24
-4.7%
5.1%
Q1 24
-7.5%
EPS (diluted)
CLPR
CLPR
TANH
TANH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$0.21
Q1 24

Balance Sheet & Financial Strength

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

Metric
CLPR
CLPR
TANH
TANH
Cash + ST InvestmentsLiquidity on hand
$30.8M
$35.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-30.7M
$128.3M
Total Assets
$1.2B
$143.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLPR
CLPR
TANH
TANH
Q4 25
$30.8M
Q3 25
$26.1M
Q2 25
$32.0M
$35.2M
Q1 25
$21.3M
Q4 24
$19.9M
Q3 24
$18.6M
Q2 24
$20.3M
$34.2M
Q1 24
$21.9M
Total Debt
CLPR
CLPR
TANH
TANH
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
TANH
TANH
Q4 25
$-30.7M
Q3 25
$-25.0M
Q2 25
$-21.9M
$128.3M
Q1 25
$-20.1M
Q4 24
$-5.4M
Q3 24
$-3.6M
Q2 24
$-1.8M
$126.0M
Q1 24
$279.0K
Total Assets
CLPR
CLPR
TANH
TANH
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$143.0M
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
$142.2M
Q1 24
$1.3B
Debt / Equity
CLPR
CLPR
TANH
TANH
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
TANH
TANH
Operating Cash FlowLast quarter
$22.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLPR
CLPR
TANH
TANH
Q4 25
$22.6M
Q3 25
$1.4M
Q2 25
$8.4M
Q1 25
$6.7M
Q4 24
$31.9M
Q3 24
$6.3M
Q2 24
$8.8M
$4.4M
Q1 24
$6.3M
Free Cash Flow
CLPR
CLPR
TANH
TANH
Q4 25
Q3 25
Q2 25
Q1 25
$-4.6M
Q4 24
$-37.9M
Q3 24
Q2 24
$4.4M
Q1 24
$-14.7M
FCF Margin
CLPR
CLPR
TANH
TANH
Q4 25
Q3 25
Q2 25
Q1 25
-11.7%
Q4 24
-99.5%
Q3 24
Q2 24
20.6%
Q1 24
-41.1%
Capex Intensity
CLPR
CLPR
TANH
TANH
Q4 25
Q3 25
Q2 25
Q1 25
28.6%
Q4 24
183.3%
Q3 24
Q2 24
0.1%
Q1 24
58.6%
Cash Conversion
CLPR
CLPR
TANH
TANH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
4.01×
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%

TANH
TANH

Revenue from China$20.9M97%
Revenue directly from foreign countries$602.2K3%

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