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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $46.7M, roughly 35.0× Claros Mortgage Trust, Inc.). Digital Realty runs the higher net margin — 6.0% vs -468.9%, a 475.0% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -22.4%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs -10.9%).
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
CMTG vs DLR — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $1.6B |
| Net Profit | $-219.2M | $98.6M |
| Gross Margin | — | — |
| Operating Margin | — | 6.9% |
| Net Margin | -468.9% | 6.0% |
| Revenue YoY | -22.4% | 16.1% |
| Net Profit YoY | -117.7% | -10.3% |
| EPS (diluted) | $-1.56 | $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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $46.7M | $1.6B | ||
| Q3 25 | $46.1M | $1.6B | ||
| Q2 25 | $51.6M | $1.5B | ||
| Q1 25 | $43.4M | $1.4B | ||
| Q4 24 | $60.2M | $1.4B | ||
| Q3 24 | $64.9M | $1.4B | ||
| Q2 24 | $64.5M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-219.2M | $98.6M | ||
| Q3 25 | $-9.5M | $67.8M | ||
| Q2 25 | $-181.7M | $1.0B | ||
| Q1 25 | $-78.6M | $110.0M | ||
| Q4 24 | $-100.7M | $189.6M | ||
| Q3 24 | $-56.2M | $51.2M | ||
| Q2 24 | $-11.6M | $80.2M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 11.8% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | -468.9% | 6.0% | ||
| Q3 25 | -20.7% | 4.3% | ||
| Q2 25 | -351.9% | 69.1% | ||
| Q1 25 | -181.3% | 7.8% | ||
| Q4 24 | -167.2% | 13.2% | ||
| Q3 24 | -86.7% | 3.6% | ||
| Q2 24 | -17.9% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $-1.56 | $0.22 | ||
| Q3 25 | $-0.07 | $0.15 | ||
| Q2 25 | $-1.30 | $2.94 | ||
| Q1 25 | $-0.56 | $0.27 | ||
| Q4 24 | $-0.72 | $0.50 | ||
| Q3 24 | $-0.40 | $0.09 | ||
| Q2 24 | $-0.09 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $173.2M | $3.5B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $1.5B | $22.9B |
| Total Assets | $4.7B | $49.4B |
| Debt / EquityLower = less leverage | 2.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $173.2M | $3.5B | ||
| Q3 25 | $339.5M | $3.3B | ||
| Q2 25 | $209.2M | $3.6B | ||
| Q1 25 | $127.8M | $2.3B | ||
| Q4 24 | $99.1M | $3.9B | ||
| Q3 24 | $113.9M | $2.2B | ||
| Q2 24 | $148.2M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $5.3B | — |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $1.5B | $22.9B | ||
| Q3 25 | $1.7B | $23.0B | ||
| Q2 25 | $1.8B | $22.9B | ||
| Q1 25 | $1.9B | $21.3B | ||
| Q4 24 | $2.0B | $21.3B | ||
| Q3 24 | $2.1B | $21.2B | ||
| Q2 24 | $2.2B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $4.7B | $49.4B | ||
| Q3 25 | $5.4B | $48.7B | ||
| Q2 25 | $5.8B | $48.7B | ||
| Q1 25 | $6.7B | $45.1B | ||
| Q4 24 | $7.0B | $45.3B | ||
| Q3 24 | $7.3B | $45.3B | ||
| Q2 24 | $7.6B | $43.6B |
| Q1 26 | — | — | ||
| Q4 25 | 2.06× | — | ||
| Q3 25 | 2.09× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.42× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | 2.44× | — | ||
| Q2 24 | 2.46× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $2.4M | $719.0M | ||
| Q3 25 | $8.8M | $652.9M | ||
| Q2 25 | $-5.8M | $641.2M | ||
| Q1 25 | $-35.8M | $399.1M | ||
| Q4 24 | $18.3M | $769.5M | ||
| Q3 24 | $39.2M | $566.5M | ||
| Q2 24 | $5.5M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.29× | ||
| Q3 25 | — | 9.63× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | 11.07× | ||
| Q2 24 | — | 7.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
DLR
Segment breakdown not available.
