vs
Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.
Claros Mortgage Trust, Inc. is the larger business by last-quarter revenue ($46.7M vs $31.4M, roughly 1.5× Ponce Financial Group, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs -468.9%, a 505.2% gap on every dollar of revenue. On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs -22.4%). Over the past eight quarters, Ponce Financial Group, Inc.'s revenue compounded faster (23.7% 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.
Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.
CMTG vs PDLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $31.4M |
| Net Profit | $-219.2M | $10.1M |
| Gross Margin | — | — |
| Operating Margin | — | 43.6% |
| Net Margin | -468.9% | 36.3% |
| Revenue YoY | -22.4% | 37.6% |
| Net Profit YoY | -117.7% | 245.6% |
| EPS (diluted) | $-1.56 | $0.43 |
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.
| Q4 25 | $46.7M | $31.4M | ||
| Q3 25 | $46.1M | $26.7M | ||
| Q2 25 | $51.6M | $26.5M | ||
| Q1 25 | $43.4M | $24.6M | ||
| Q4 24 | $60.2M | $22.8M | ||
| Q3 24 | $64.9M | $20.2M | ||
| Q2 24 | $64.5M | $20.2M | ||
| Q1 24 | $58.8M | $20.5M |
| Q4 25 | $-219.2M | $10.1M | ||
| Q3 25 | $-9.5M | $6.5M | ||
| Q2 25 | $-181.7M | $6.1M | ||
| Q1 25 | $-78.6M | $6.0M | ||
| Q4 24 | $-100.7M | $2.9M | ||
| Q3 24 | $-56.2M | $2.4M | ||
| Q2 24 | $-11.6M | $3.2M | ||
| Q1 24 | $-52.8M | $2.4M |
| Q4 25 | — | 43.6% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 30.2% | ||
| Q1 25 | — | 32.5% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 18.3% |
| Q4 25 | -468.9% | 36.3% | ||
| Q3 25 | -20.7% | 24.3% | ||
| Q2 25 | -351.9% | 23.0% | ||
| Q1 25 | -181.3% | 24.2% | ||
| Q4 24 | -167.2% | 14.1% | ||
| Q3 24 | -86.7% | 12.1% | ||
| Q2 24 | -17.9% | 15.8% | ||
| Q1 24 | -89.7% | 11.8% |
| Q4 25 | $-1.56 | $0.43 | ||
| Q3 25 | $-0.07 | $0.27 | ||
| Q2 25 | $-1.30 | $0.25 | ||
| Q1 25 | $-0.56 | $0.25 | ||
| Q4 24 | $-0.72 | $0.11 | ||
| Q3 24 | $-0.40 | $0.10 | ||
| Q2 24 | $-0.09 | $0.14 | ||
| Q1 24 | $-0.39 | $0.11 |
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 | $126.2M |
| Total DebtLower is stronger | $3.2B | $596.1M |
| Stockholders' EquityBook value | $1.5B | $541.5M |
| Total Assets | $4.7B | $3.2B |
| Debt / EquityLower = less leverage | 2.06× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $126.2M | ||
| Q3 25 | $339.5M | $146.6M | ||
| Q2 25 | $209.2M | $126.6M | ||
| Q1 25 | $127.8M | $129.9M | ||
| Q4 24 | $99.1M | $139.8M | ||
| Q3 24 | $113.9M | $155.8M | ||
| Q2 24 | $148.2M | $103.2M | ||
| Q1 24 | $232.5M | $134.7M |
| Q4 25 | $3.2B | $596.1M | ||
| Q3 25 | $3.7B | $521.1M | ||
| Q2 25 | $4.0B | $536.1M | ||
| Q1 25 | $4.7B | $521.1M | ||
| Q4 24 | $4.9B | $596.1M | ||
| Q3 24 | $5.1B | $580.4M | ||
| Q2 24 | $5.3B | $680.4M | ||
| Q1 24 | $5.5B | $680.4M |
| Q4 25 | $1.5B | $541.5M | ||
| Q3 25 | $1.7B | $529.8M | ||
| Q2 25 | $1.8B | $521.1M | ||
| Q1 25 | $1.9B | $513.9M | ||
| Q4 24 | $2.0B | $505.5M | ||
| Q3 24 | $2.1B | $504.6M | ||
| Q2 24 | $2.2B | $497.7M | ||
| Q1 24 | $2.2B | $493.7M |
| Q4 25 | $4.7B | $3.2B | ||
| Q3 25 | $5.4B | $3.2B | ||
| Q2 25 | $5.8B | $3.2B | ||
| Q1 25 | $6.7B | $3.1B | ||
| Q4 24 | $7.0B | $3.0B | ||
| Q3 24 | $7.3B | $3.0B | ||
| Q2 24 | $7.6B | $2.8B | ||
| Q1 24 | $7.8B | $2.8B |
| Q4 25 | 2.06× | 1.10× | ||
| Q3 25 | 2.09× | 0.98× | ||
| Q2 25 | 2.29× | 1.03× | ||
| Q1 25 | 2.42× | 1.01× | ||
| Q4 24 | 2.44× | 1.18× | ||
| Q3 24 | 2.44× | 1.15× | ||
| Q2 24 | 2.46× | 1.37× | ||
| Q1 24 | 2.47× | 1.38× |
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 | $-30.5M | $55.6M |
| Free Cash FlowOCF − Capex | — | $54.6M |
| FCF MarginFCF / Revenue | — | 173.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 5.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | $74.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-30.5M | $55.6M | ||
| Q3 25 | $8.8M | $1.4M | ||
| Q2 25 | $-5.8M | $6.2M | ||
| Q1 25 | $-35.8M | $13.1M | ||
| Q4 24 | $84.5M | $7.2M | ||
| Q3 24 | $39.2M | $-14.6M | ||
| Q2 24 | $5.5M | $-2.6M | ||
| Q1 24 | $21.5M | $1.5M |
| Q4 25 | — | $54.6M | ||
| Q3 25 | — | $786.0K | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $12.9M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-15.0M | ||
| Q2 24 | — | $-2.6M | ||
| Q1 24 | — | $-315.0K |
| Q4 25 | — | 173.9% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 22.4% | ||
| Q1 25 | — | 52.6% | ||
| Q4 24 | — | 19.7% | ||
| Q3 24 | — | -74.1% | ||
| Q2 24 | — | -13.0% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 8.7% |
| Q4 25 | — | 5.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | -5.99× | ||
| Q2 24 | — | -0.80× | ||
| Q1 24 | — | 0.61× |
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% |
PDLB
Segment breakdown not available.
