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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.

Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $46.7M, roughly 1.2× Claros Mortgage Trust, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -468.9%, a 465.9% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -22.4%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

CMTG vs STRR — Head-to-Head

Bigger by revenue
STRR
STRR
1.2× larger
STRR
$56.8M
$46.7M
CMTG
Growing faster (revenue YoY)
STRR
STRR
+91.4% gap
STRR
69.0%
-22.4%
CMTG
Higher net margin
STRR
STRR
465.9% more per $
STRR
-3.0%
-468.9%
CMTG
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
-10.9%
CMTG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMTG
CMTG
STRR
STRR
Revenue
$46.7M
$56.8M
Net Profit
$-219.2M
$-1.7M
Gross Margin
Operating Margin
-0.2%
Net Margin
-468.9%
-3.0%
Revenue YoY
-22.4%
69.0%
Net Profit YoY
-117.7%
-192.1%
EPS (diluted)
$-1.56
$-0.49

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
STRR
STRR
Q4 25
$46.7M
$56.8M
Q3 25
$46.1M
$48.0M
Q2 25
$51.6M
$35.5M
Q1 25
$43.4M
$31.9M
Q4 24
$60.2M
$33.6M
Q3 24
$64.9M
$36.9M
Q2 24
$64.5M
$35.7M
Q1 24
$58.8M
$33.9M
Net Profit
CMTG
CMTG
STRR
STRR
Q4 25
$-219.2M
$-1.7M
Q3 25
$-9.5M
$-1.8M
Q2 25
$-181.7M
$-688.0K
Q1 25
$-78.6M
$-1.8M
Q4 24
$-100.7M
$-585.0K
Q3 24
$-56.2M
$-846.0K
Q2 24
$-11.6M
$-441.0K
Q1 24
$-52.8M
$-2.9M
Gross Margin
CMTG
CMTG
STRR
STRR
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
CMTG
CMTG
STRR
STRR
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
-0.6%
Q1 25
-5.4%
Q4 24
-0.4%
Q3 24
-1.2%
Q2 24
-0.5%
Q1 24
-9.0%
Net Margin
CMTG
CMTG
STRR
STRR
Q4 25
-468.9%
-3.0%
Q3 25
-20.7%
-3.7%
Q2 25
-351.9%
-1.9%
Q1 25
-181.3%
-5.5%
Q4 24
-167.2%
-1.7%
Q3 24
-86.7%
-2.3%
Q2 24
-17.9%
-1.2%
Q1 24
-89.7%
-8.6%
EPS (diluted)
CMTG
CMTG
STRR
STRR
Q4 25
$-1.56
$-0.49
Q3 25
$-0.07
$-0.54
Q2 25
$-1.30
$-0.23
Q1 25
$-0.56
$-0.59
Q4 24
$-0.72
$-0.21
Q3 24
$-0.40
$-0.28
Q2 24
$-0.09
$-0.15
Q1 24
$-0.39
$-0.95

Balance Sheet & Financial Strength

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

Metric
CMTG
CMTG
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$173.2M
$10.3M
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$1.5B
$65.7M
Total Assets
$4.7B
$113.2M
Debt / EquityLower = less leverage
2.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMTG
CMTG
STRR
STRR
Q4 25
$173.2M
$10.3M
Q3 25
$339.5M
$15.4M
Q2 25
$209.2M
$16.8M
Q1 25
$127.8M
$16.6M
Q4 24
$99.1M
$17.0M
Q3 24
$113.9M
$15.8M
Q2 24
$148.2M
$14.7M
Q1 24
$232.5M
$20.4M
Total Debt
CMTG
CMTG
STRR
STRR
Q4 25
$3.2B
Q3 25
$3.7B
$6.5M
Q2 25
$4.0B
Q1 25
$4.7B
Q4 24
$4.9B
$0
Q3 24
$5.1B
Q2 24
$5.3B
Q1 24
$5.5B
Stockholders' Equity
CMTG
CMTG
STRR
STRR
Q4 25
$1.5B
$65.7M
Q3 25
$1.7B
$67.8M
Q2 25
$1.8B
$40.1M
Q1 25
$1.9B
$39.5M
Q4 24
$2.0B
$40.4M
Q3 24
$2.1B
$42.9M
Q2 24
$2.2B
$42.6M
Q1 24
$2.2B
$44.3M
Total Assets
CMTG
CMTG
STRR
STRR
Q4 25
$4.7B
$113.2M
Q3 25
$5.4B
$117.1M
Q2 25
$5.8B
$55.6M
Q1 25
$6.7B
$53.2M
Q4 24
$7.0B
$52.6M
Q3 24
$7.3B
$52.6M
Q2 24
$7.6B
$52.6M
Q1 24
$7.8B
$52.6M
Debt / Equity
CMTG
CMTG
STRR
STRR
Q4 25
2.06×
Q3 25
2.09×
0.10×
Q2 25
2.29×
Q1 25
2.42×
Q4 24
2.44×
0.00×
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
CMTG
CMTG
STRR
STRR
Operating Cash FlowLast quarter
$-30.5M
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMTG
CMTG
STRR
STRR
Q4 25
$-30.5M
$-7.3M
Q3 25
$8.8M
$-2.7M
Q2 25
$-5.8M
$139.0K
Q1 25
$-35.8M
$-802.0K
Q4 24
$84.5M
$-2.8M
Q3 24
$39.2M
$1.3M
Q2 24
$5.5M
$-4.3M
Q1 24
$21.5M
$-1.8M
Free Cash Flow
CMTG
CMTG
STRR
STRR
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
CMTG
CMTG
STRR
STRR
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
CMTG
CMTG
STRR
STRR
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%

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%

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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