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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and i3 Verticals, Inc. (IIIV). Click either name above to swap in a different company.

i3 Verticals, Inc. is the larger business by last-quarter revenue ($52.7M vs $41.2M, roughly 1.3× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs 0.9%, a 14.2% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -14.6%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs -4.7%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

CTO vs IIIV — Head-to-Head

Bigger by revenue
IIIV
IIIV
1.3× larger
IIIV
$52.7M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+29.6% gap
CTO
15.0%
-14.6%
IIIV
Higher net margin
CTO
CTO
14.2% more per $
CTO
15.1%
0.9%
IIIV
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
-4.7%
IIIV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CTO
CTO
IIIV
IIIV
Revenue
$41.2M
$52.7M
Net Profit
$6.2M
$484.0K
Gross Margin
Operating Margin
175.0%
3.1%
Net Margin
15.1%
0.9%
Revenue YoY
15.0%
-14.6%
Net Profit YoY
174.4%
-76.5%
EPS (diluted)
$0.13
$0.02

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
CTO
CTO
IIIV
IIIV
Q1 26
$41.2M
Q4 25
$38.3M
$52.7M
Q3 25
$37.8M
$46.0M
Q2 25
$37.6M
$51.9M
Q1 25
$35.8M
$63.1M
Q4 24
$35.7M
$52.2M
Q3 24
$31.8M
$32.0M
Q2 24
$28.8M
$46.2M
Net Profit
CTO
CTO
IIIV
IIIV
Q1 26
$6.2M
Q4 25
$28.3M
$484.0K
Q3 25
$2.9M
$3.1M
Q2 25
$-23.4M
$12.9M
Q1 25
$2.3M
$-154.0K
Q4 24
$-15.2M
$2.1M
Q3 24
$6.2M
$117.9M
Q2 24
$1.2M
$-7.5M
Gross Margin
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
Operating Margin
CTO
CTO
IIIV
IIIV
Q1 26
175.0%
Q4 25
75.1%
3.1%
Q3 25
26.6%
3.2%
Q2 25
-33.7%
-9.3%
Q1 25
22.0%
8.0%
Q4 24
-20.4%
3.9%
Q3 24
15.6%
10.6%
Q2 24
18.8%
-2.8%
Net Margin
CTO
CTO
IIIV
IIIV
Q1 26
15.1%
Q4 25
73.9%
0.9%
Q3 25
7.7%
6.7%
Q2 25
-62.2%
24.8%
Q1 25
6.3%
-0.2%
Q4 24
-42.6%
3.9%
Q3 24
19.6%
368.2%
Q2 24
4.1%
-16.3%
EPS (diluted)
CTO
CTO
IIIV
IIIV
Q1 26
$0.13
Q4 25
$0.81
$0.02
Q3 25
$0.03
$0.14
Q2 25
$-0.77
$0.50
Q1 25
$0.01
$0.00
Q4 24
$-0.69
$0.08
Q3 24
$0.17
$4.93
Q2 24
$-0.03
$-0.32

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$8.3M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$358.5M
Total Assets
$1.3B
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
IIIV
IIIV
Q1 26
$8.3M
Q4 25
$6.5M
$37.5M
Q3 25
$9.3M
$66.7M
Q2 25
$8.6M
$55.5M
Q1 25
$8.4M
$7.7M
Q4 24
$9.0M
$85.6M
Q3 24
$8.2M
$86.5M
Q2 24
$4.8M
$9.7M
Total Debt
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
$0
Q2 25
$605.4M
$0
Q1 25
$602.2M
$12.0M
Q4 24
$519.0M
$26.2M
Q3 24
$526.8M
$26.2M
Q2 24
$482.7M
$374.1M
Stockholders' Equity
CTO
CTO
IIIV
IIIV
Q1 26
$575.4M
Q4 25
$567.3M
$358.5M
Q3 25
$557.3M
$389.6M
Q2 25
$574.1M
$383.3M
Q1 25
$593.9M
$385.2M
Q4 24
$612.8M
$375.0M
Q3 24
$595.8M
$379.7M
Q2 24
$491.8M
$249.7M
Total Assets
CTO
CTO
IIIV
IIIV
Q1 26
$1.3B
Q4 25
$1.3B
$595.9M
Q3 25
$1.2B
$638.4M
Q2 25
$1.2B
$623.3M
Q1 25
$1.2B
$646.4M
Q4 24
$1.2B
$726.2M
Q3 24
$1.2B
$730.7M
Q2 24
$1.0B
$861.7M
Debt / Equity
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
1.09×
Q3 25
1.08×
0.00×
Q2 25
1.05×
0.00×
Q1 25
1.01×
0.03×
Q4 24
0.85×
0.07×
Q3 24
0.88×
0.07×
Q2 24
0.98×
1.50×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
IIIV
IIIV
Operating Cash FlowLast quarter
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
$64.6M
$14.1M
Q3 25
$25.5M
$14.0M
Q2 25
$21.9M
$7.4M
Q1 25
$10.3M
$-27.1M
Q4 24
$59.9M
$11.5M
Q3 24
$21.2M
$15.1M
Q2 24
$12.9M
$8.1M
Free Cash Flow
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
$13.8M
Q3 25
$13.5M
Q2 25
$6.8M
Q1 25
$-27.6M
Q4 24
$11.0M
Q3 24
$14.6M
Q2 24
$7.2M
FCF Margin
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
26.2%
Q3 25
29.5%
Q2 25
13.1%
Q1 25
-43.8%
Q4 24
21.1%
Q3 24
45.6%
Q2 24
15.6%
Capex Intensity
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
1.7%
Q2 24
1.9%
Cash Conversion
CTO
CTO
IIIV
IIIV
Q1 26
Q4 25
2.28×
29.18×
Q3 25
8.75×
4.52×
Q2 25
0.57×
Q1 25
4.56×
Q4 24
5.59×
Q3 24
3.40×
0.13×
Q2 24
10.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTO
CTO

Segment breakdown not available.

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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