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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $20.4M, roughly 2.0× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -17.9%, a 82.9% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -23.2%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

CMBM vs MITT — Head-to-Head

Bigger by revenue
CMBM
CMBM
2.0× larger
CMBM
$40.3M
$20.4M
MITT
Growing faster (revenue YoY)
MITT
MITT
+40.8% gap
MITT
17.7%
-23.2%
CMBM
Higher net margin
MITT
MITT
82.9% more per $
MITT
65.0%
-17.9%
CMBM
Faster 2-yr revenue CAGR
MITT
MITT
Annualised
MITT
9.1%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
MITT
MITT
Revenue
$40.3M
$20.4M
Net Profit
$-7.2M
$13.3M
Gross Margin
36.6%
Operating Margin
-28.4%
67.1%
Net Margin
-17.9%
65.0%
Revenue YoY
-23.2%
17.7%
Net Profit YoY
71.0%
-7.0%
EPS (diluted)
$-0.26
$0.27

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
CMBM
CMBM
MITT
MITT
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
Q1 25
$18.8M
Q4 24
$40.3M
$17.4M
Q3 24
$44.7M
$14.9M
Q2 24
$45.2M
$16.4M
Q1 24
$47.1M
$17.2M
Net Profit
CMBM
CMBM
MITT
MITT
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
Q1 25
$11.5M
Q4 24
$-7.2M
$14.3M
Q3 24
$-34.5M
$16.6M
Q2 24
$-14.2M
$3.9M
Q1 24
$-18.4M
$20.9M
Gross Margin
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
MITT
MITT
Q4 25
67.1%
Q3 25
Q2 25
20.9%
Q1 25
54.6%
Q4 24
-28.4%
76.7%
Q3 24
-69.6%
Q2 24
-27.2%
18.4%
Q1 24
-33.1%
Net Margin
CMBM
CMBM
MITT
MITT
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
Q1 25
60.9%
Q4 24
-17.9%
82.2%
Q3 24
-77.3%
111.3%
Q2 24
-31.5%
24.0%
Q1 24
-39.2%
121.6%
EPS (diluted)
CMBM
CMBM
MITT
MITT
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$0.21
Q4 24
$-0.26
$0.30
Q3 24
$-1.22
$0.40
Q2 24
$-0.51
$-0.02
Q1 24
$-0.66
$0.55

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$57.8M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$560.7M
Total Assets
$173.7M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
MITT
MITT
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
Q1 25
$115.5M
Q4 24
$118.7M
Q3 24
$102.5M
Q2 24
$120.9M
Q1 24
$100.3M
Total Debt
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
MITT
MITT
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
Q1 25
$543.9M
Q4 24
$-3.2M
$543.4M
Q3 24
$1.9M
$540.1M
Q2 24
$34.1M
$533.5M
Q1 24
$45.0M
$539.6M
Total Assets
CMBM
CMBM
MITT
MITT
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
Q1 25
$7.3B
Q4 24
$173.7M
$6.9B
Q3 24
$194.3M
$7.0B
Q2 24
$221.1M
$7.1B
Q1 24
$219.8M
$6.4B
Debt / Equity
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
MITT
MITT
Operating Cash FlowLast quarter
$-10.4M
$59.6M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
MITT
MITT
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
Q1 25
$12.0M
Q4 24
$-10.4M
$55.8M
Q3 24
$8.9M
$14.5M
Q2 24
$2.4M
$13.7M
Q1 24
$-15.9M
$12.0M
Free Cash Flow
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
MITT
MITT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Cash Conversion
CMBM
CMBM
MITT
MITT
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

MITT
MITT

Segment breakdown not available.

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