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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and SANDRIDGE ENERGY INC (SD). 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 $39.4M, roughly 1.2× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -468.9%, a 523.9% gap on every dollar of revenue. On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs -22.4%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
CMTG vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $39.4M |
| Net Profit | $-219.2M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | — | 38.5% |
| Net Margin | -468.9% | 54.9% |
| Revenue YoY | -22.4% | 1.1% |
| Net Profit YoY | -117.7% | 23.1% |
| EPS (diluted) | $-1.56 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $46.1M | $39.8M | ||
| Q2 25 | $51.6M | $34.5M | ||
| Q1 25 | $43.4M | $42.6M | ||
| Q4 24 | $60.2M | $39.0M | ||
| Q3 24 | $64.9M | $30.1M | ||
| Q2 24 | $64.5M | $26.0M | ||
| Q1 24 | $58.8M | $30.3M |
| Q4 25 | $-219.2M | $21.6M | ||
| Q3 25 | $-9.5M | $16.0M | ||
| Q2 25 | $-181.7M | $19.6M | ||
| Q1 25 | $-78.6M | $13.0M | ||
| Q4 24 | $-100.7M | $17.6M | ||
| Q3 24 | $-56.2M | $25.5M | ||
| Q2 24 | $-11.6M | $8.8M | ||
| Q1 24 | $-52.8M | $11.1M |
| Q4 25 | — | 38.5% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | — | 23.9% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | -468.9% | 54.9% | ||
| Q3 25 | -20.7% | 40.1% | ||
| Q2 25 | -351.9% | 56.6% | ||
| Q1 25 | -181.3% | 30.6% | ||
| Q4 24 | -167.2% | 45.1% | ||
| Q3 24 | -86.7% | 84.8% | ||
| Q2 24 | -17.9% | 33.9% | ||
| Q1 24 | -89.7% | 36.7% |
| Q4 25 | $-1.56 | $0.59 | ||
| Q3 25 | $-0.07 | $0.43 | ||
| Q2 25 | $-1.30 | $0.53 | ||
| Q1 25 | $-0.56 | $0.35 | ||
| Q4 24 | $-0.72 | $0.46 | ||
| Q3 24 | $-0.40 | $0.69 | ||
| Q2 24 | $-0.09 | $0.24 | ||
| Q1 24 | $-0.39 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $1.5B | $510.9M |
| Total Assets | $4.7B | $644.0M |
| Debt / EquityLower = less leverage | 2.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $111.0M | ||
| Q3 25 | $339.5M | $101.2M | ||
| Q2 25 | $209.2M | $102.8M | ||
| Q1 25 | $127.8M | $99.7M | ||
| Q4 24 | $99.1M | $98.1M | ||
| Q3 24 | $113.9M | $92.7M | ||
| Q2 24 | $148.2M | $209.9M | ||
| Q1 24 | $232.5M | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $1.7B | $492.4M | ||
| Q2 25 | $1.8B | $480.2M | ||
| Q1 25 | $1.9B | $464.9M | ||
| Q4 24 | $2.0B | $460.5M | ||
| Q3 24 | $2.1B | $446.8M | ||
| Q2 24 | $2.2B | $424.8M | ||
| Q1 24 | $2.2B | $419.7M |
| Q4 25 | $4.7B | $644.0M | ||
| Q3 25 | $5.4B | $619.0M | ||
| Q2 25 | $5.8B | $602.3M | ||
| Q1 25 | $6.7B | $588.3M | ||
| Q4 24 | $7.0B | $581.5M | ||
| Q3 24 | $7.3B | $565.2M | ||
| Q2 24 | $7.6B | $529.6M | ||
| Q1 24 | $7.8B | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-30.5M | $31.7M | ||
| Q3 25 | $8.8M | $25.3M | ||
| Q2 25 | $-5.8M | $22.9M | ||
| Q1 25 | $-35.8M | $20.3M | ||
| Q4 24 | $84.5M | $26.0M | ||
| Q3 24 | $39.2M | $20.8M | ||
| Q2 24 | $5.5M | $11.4M | ||
| Q1 24 | $21.5M | $15.7M |
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | $14.6M |
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 48.1% |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 33.3% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
