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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and RxSight, Inc. (RXST). 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 $32.6M, roughly 1.4× RxSight, Inc.). RxSight, Inc. runs the higher net margin — -28.1% vs -468.9%, a 440.9% gap on every dollar of revenue. On growth, RxSight, Inc. posted the faster year-over-year revenue change (-18.9% vs -22.4%). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% 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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
CMTG vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $32.6M |
| Net Profit | $-219.2M | $-9.2M |
| Gross Margin | — | 77.5% |
| Operating Margin | — | -34.8% |
| Net Margin | -468.9% | -28.1% |
| Revenue YoY | -22.4% | -18.9% |
| Net Profit YoY | -117.7% | -54.1% |
| 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.
| Q4 25 | $46.7M | $32.6M | ||
| Q3 25 | $46.1M | $30.3M | ||
| Q2 25 | $51.6M | $33.6M | ||
| Q1 25 | $43.4M | $37.9M | ||
| Q4 24 | $60.2M | $40.2M | ||
| Q3 24 | $64.9M | $35.3M | ||
| Q2 24 | $64.5M | $34.9M | ||
| Q1 24 | $58.8M | $29.5M |
| Q4 25 | $-219.2M | $-9.2M | ||
| Q3 25 | $-9.5M | $-9.8M | ||
| Q2 25 | $-181.7M | $-11.8M | ||
| Q1 25 | $-78.6M | $-8.2M | ||
| Q4 24 | $-100.7M | $-5.9M | ||
| Q3 24 | $-56.2M | $-6.3M | ||
| Q2 24 | $-11.6M | $-6.1M | ||
| Q1 24 | $-52.8M | $-9.1M |
| Q4 25 | — | 77.5% | ||
| Q3 25 | — | 79.9% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 71.6% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 70.1% |
| Q4 25 | — | -34.8% | ||
| Q3 25 | — | -40.1% | ||
| Q2 25 | — | -41.6% | ||
| Q1 25 | — | -28.2% | ||
| Q4 24 | — | -21.5% | ||
| Q3 24 | — | -26.1% | ||
| Q2 24 | — | -23.9% | ||
| Q1 24 | — | -36.2% |
| Q4 25 | -468.9% | -28.1% | ||
| Q3 25 | -20.7% | -32.4% | ||
| Q2 25 | -351.9% | -35.0% | ||
| Q1 25 | -181.3% | -21.6% | ||
| Q4 24 | -167.2% | -14.8% | ||
| Q3 24 | -86.7% | -17.9% | ||
| Q2 24 | -17.9% | -17.4% | ||
| Q1 24 | -89.7% | -30.8% |
| Q4 25 | $-1.56 | $-0.22 | ||
| Q3 25 | $-0.07 | $-0.24 | ||
| Q2 25 | $-1.30 | $-0.29 | ||
| Q1 25 | $-0.56 | $-0.20 | ||
| Q4 24 | $-0.72 | $-0.14 | ||
| Q3 24 | $-0.40 | $-0.16 | ||
| Q2 24 | $-0.09 | $-0.16 | ||
| Q1 24 | $-0.39 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $1.5B | $275.7M |
| Total Assets | $4.7B | $311.8M |
| Debt / EquityLower = less leverage | 2.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $228.1M | ||
| Q3 25 | $339.5M | $227.5M | ||
| Q2 25 | $209.2M | $227.5M | ||
| Q1 25 | $127.8M | $229.3M | ||
| Q4 24 | $99.1M | $237.2M | ||
| Q3 24 | $113.9M | $237.1M | ||
| Q2 24 | $148.2M | $233.3M | ||
| Q1 24 | $232.5M | $125.4M |
| 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 24 | $5.5B | — |
| Q4 25 | $1.5B | $275.7M | ||
| Q3 25 | $1.7B | $276.0M | ||
| Q2 25 | $1.8B | $278.0M | ||
| Q1 25 | $1.9B | $279.3M | ||
| Q4 24 | $2.0B | $281.2M | ||
| Q3 24 | $2.1B | $277.3M | ||
| Q2 24 | $2.2B | $275.2M | ||
| Q1 24 | $2.2B | $163.9M |
| Q4 25 | $4.7B | $311.8M | ||
| Q3 25 | $5.4B | $308.5M | ||
| Q2 25 | $5.8B | $309.0M | ||
| Q1 25 | $6.7B | $313.0M | ||
| Q4 24 | $7.0B | $318.6M | ||
| Q3 24 | $7.3B | $310.5M | ||
| Q2 24 | $7.6B | $305.5M | ||
| Q1 24 | $7.8B | $183.2M |
| 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× | — | ||
| Q1 24 | 2.47× | — |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-30.5M | $-1.1M | ||
| Q3 25 | $8.8M | $-1.2M | ||
| Q2 25 | $-5.8M | $-4.4M | ||
| Q1 25 | $-35.8M | $-8.8M | ||
| Q4 24 | $84.5M | $-4.3M | ||
| Q3 24 | $39.2M | $650.0K | ||
| Q2 24 | $5.5M | $-4.0M | ||
| Q1 24 | $21.5M | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-5.9M | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-453.0K | ||
| Q2 24 | — | $-5.5M | ||
| Q1 24 | — | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -5.8% | ||
| Q2 25 | — | -17.6% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | — | -1.3% | ||
| Q2 24 | — | -15.9% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 6.7% |
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% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
