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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $46.7M, roughly 1.6× Claros Mortgage Trust, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -22.4%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

CMTG vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.6× larger
PBYI
$75.5M
$46.7M
CMTG
Growing faster (revenue YoY)
PBYI
PBYI
+50.1% gap
PBYI
27.7%
-22.4%
CMTG
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-10.9%
CMTG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMTG
CMTG
PBYI
PBYI
Revenue
$46.7M
$75.5M
Net Profit
$-219.2M
Gross Margin
69.3%
Operating Margin
22.7%
Net Margin
-468.9%
Revenue YoY
-22.4%
27.7%
Net Profit YoY
-117.7%
EPS (diluted)
$-1.56
$0.26

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
CMTG
CMTG
PBYI
PBYI
Q4 25
$46.7M
$75.5M
Q3 25
$46.1M
$54.5M
Q2 25
$51.6M
$52.4M
Q1 25
$43.4M
$46.0M
Q4 24
$60.2M
$59.1M
Q3 24
$64.9M
$80.5M
Q2 24
$64.5M
$47.1M
Q1 24
$58.8M
$43.8M
Net Profit
CMTG
CMTG
PBYI
PBYI
Q4 25
$-219.2M
Q3 25
$-9.5M
$8.8M
Q2 25
$-181.7M
$5.9M
Q1 25
$-78.6M
$3.0M
Q4 24
$-100.7M
Q3 24
$-56.2M
$20.3M
Q2 24
$-11.6M
$-4.5M
Q1 24
$-52.8M
$-4.8M
Gross Margin
CMTG
CMTG
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
CMTG
CMTG
PBYI
PBYI
Q4 25
22.7%
Q3 25
17.6%
Q2 25
12.7%
Q1 25
8.7%
Q4 24
22.6%
Q3 24
27.4%
Q2 24
-4.6%
Q1 24
-5.3%
Net Margin
CMTG
CMTG
PBYI
PBYI
Q4 25
-468.9%
Q3 25
-20.7%
16.2%
Q2 25
-351.9%
11.2%
Q1 25
-181.3%
6.5%
Q4 24
-167.2%
Q3 24
-86.7%
25.2%
Q2 24
-17.9%
-9.6%
Q1 24
-89.7%
-11.0%
EPS (diluted)
CMTG
CMTG
PBYI
PBYI
Q4 25
$-1.56
$0.26
Q3 25
$-0.07
$0.17
Q2 25
$-1.30
$0.12
Q1 25
$-0.56
$0.06
Q4 24
$-0.72
$0.40
Q3 24
$-0.40
$0.41
Q2 24
$-0.09
$-0.09
Q1 24
$-0.39
$-0.10

Balance Sheet & Financial Strength

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

Metric
CMTG
CMTG
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$173.2M
$97.5M
Total DebtLower is stronger
$3.2B
$22.7M
Stockholders' EquityBook value
$1.5B
$130.3M
Total Assets
$4.7B
$216.3M
Debt / EquityLower = less leverage
2.06×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMTG
CMTG
PBYI
PBYI
Q4 25
$173.2M
$97.5M
Q3 25
$339.5M
$94.4M
Q2 25
$209.2M
$96.0M
Q1 25
$127.8M
$93.2M
Q4 24
$99.1M
$101.0M
Q3 24
$113.9M
$96.7M
Q2 24
$148.2M
$96.8M
Q1 24
$232.5M
$107.2M
Total Debt
CMTG
CMTG
PBYI
PBYI
Q4 25
$3.2B
$22.7M
Q3 25
$3.7B
$34.0M
Q2 25
$4.0B
$45.3M
Q1 25
$4.7B
$56.7M
Q4 24
$4.9B
$68.0M
Q3 24
$5.1B
$79.3M
Q2 24
$5.3B
$90.7M
Q1 24
$5.5B
$102.0M
Stockholders' Equity
CMTG
CMTG
PBYI
PBYI
Q4 25
$1.5B
$130.3M
Q3 25
$1.7B
$115.3M
Q2 25
$1.8B
$104.7M
Q1 25
$1.9B
$97.1M
Q4 24
$2.0B
$92.1M
Q3 24
$2.1B
$71.1M
Q2 24
$2.2B
$48.5M
Q1 24
$2.2B
$51.0M
Total Assets
CMTG
CMTG
PBYI
PBYI
Q4 25
$4.7B
$216.3M
Q3 25
$5.4B
$202.9M
Q2 25
$5.8B
$194.9M
Q1 25
$6.7B
$196.2M
Q4 24
$7.0B
$213.3M
Q3 24
$7.3B
$220.7M
Q2 24
$7.6B
$205.0M
Q1 24
$7.8B
$214.1M
Debt / Equity
CMTG
CMTG
PBYI
PBYI
Q4 25
2.06×
0.17×
Q3 25
2.09×
0.30×
Q2 25
2.29×
0.43×
Q1 25
2.42×
0.58×
Q4 24
2.44×
0.74×
Q3 24
2.44×
1.12×
Q2 24
2.46×
1.87×
Q1 24
2.47×
2.00×

Cash Flow & Capital Efficiency

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

Metric
CMTG
CMTG
PBYI
PBYI
Operating Cash FlowLast quarter
$-30.5M
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMTG
CMTG
PBYI
PBYI
Q4 25
$-30.5M
$14.4M
Q3 25
$8.8M
$9.7M
Q2 25
$-5.8M
$14.1M
Q1 25
$-35.8M
$3.6M
Q4 24
$84.5M
$15.6M
Q3 24
$39.2M
$11.0M
Q2 24
$5.5M
$1.0M
Q1 24
$21.5M
$11.2M
Free Cash Flow
CMTG
CMTG
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
CMTG
CMTG
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
CMTG
CMTG
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
CMTG
CMTG
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMTG
CMTG

Real Estate Owned Portfolio$34.2M73%
Other$11.1M24%
Mixed Use Property Fixed Rents$1.4M3%

PBYI
PBYI

Segment breakdown not available.

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