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

NLIGHT, INC. is the larger business by last-quarter revenue ($81.2M vs $41.2M, roughly 2.0× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -6.0%, a 21.1% gap on every dollar of revenue. On growth, NLIGHT, INC. posted the faster year-over-year revenue change (71.3% vs 15.0%). Over the past eight quarters, NLIGHT, INC.'s revenue compounded faster (35.0% CAGR vs 19.5%).

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.

nLight Inc. is a global developer and manufacturer of high-performance semiconductor lasers, fiber lasers, and related optical components. Its products serve key segments including industrial precision manufacturing, aerospace and defense, medical equipment, and advanced research, with customers across North America, Europe, and Asia Pacific.

CTO vs LASR — Head-to-Head

Bigger by revenue
LASR
LASR
2.0× larger
LASR
$81.2M
$41.2M
CTO
Growing faster (revenue YoY)
LASR
LASR
+56.4% gap
LASR
71.3%
15.0%
CTO
Higher net margin
CTO
CTO
21.1% more per $
CTO
15.1%
-6.0%
LASR
Faster 2-yr revenue CAGR
LASR
LASR
Annualised
LASR
35.0%
19.5%
CTO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
LASR
LASR
Revenue
$41.2M
$81.2M
Net Profit
$6.2M
$-4.9M
Gross Margin
30.7%
Operating Margin
175.0%
-6.7%
Net Margin
15.1%
-6.0%
Revenue YoY
15.0%
71.3%
Net Profit YoY
174.4%
80.3%
EPS (diluted)
$0.13
$-0.10

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
LASR
LASR
Q1 26
$41.2M
Q4 25
$38.3M
$81.2M
Q3 25
$37.8M
$66.7M
Q2 25
$37.6M
$61.7M
Q1 25
$35.8M
$51.7M
Q4 24
$35.7M
$47.4M
Q3 24
$31.8M
$56.1M
Q2 24
$28.8M
$50.5M
Net Profit
CTO
CTO
LASR
LASR
Q1 26
$6.2M
Q4 25
$28.3M
$-4.9M
Q3 25
$2.9M
$-6.9M
Q2 25
$-23.4M
$-3.6M
Q1 25
$2.3M
$-8.1M
Q4 24
$-15.2M
$-25.0M
Q3 24
$6.2M
$-10.3M
Q2 24
$1.2M
$-11.7M
Gross Margin
CTO
CTO
LASR
LASR
Q1 26
Q4 25
75.0%
30.7%
Q3 25
75.4%
31.1%
Q2 25
73.0%
29.9%
Q1 25
75.2%
26.7%
Q4 24
74.4%
2.4%
Q3 24
74.4%
22.4%
Q2 24
71.1%
23.5%
Operating Margin
CTO
CTO
LASR
LASR
Q1 26
175.0%
Q4 25
75.1%
-6.7%
Q3 25
26.6%
-10.9%
Q2 25
-33.7%
-6.9%
Q1 25
22.0%
-18.6%
Q4 24
-20.4%
-55.8%
Q3 24
15.6%
-21.0%
Q2 24
18.8%
-25.1%
Net Margin
CTO
CTO
LASR
LASR
Q1 26
15.1%
Q4 25
73.9%
-6.0%
Q3 25
7.7%
-10.3%
Q2 25
-62.2%
-5.8%
Q1 25
6.3%
-15.7%
Q4 24
-42.6%
-52.7%
Q3 24
19.6%
-18.4%
Q2 24
4.1%
-23.2%
EPS (diluted)
CTO
CTO
LASR
LASR
Q1 26
$0.13
Q4 25
$0.81
$-0.10
Q3 25
$0.03
$-0.14
Q2 25
$-0.77
$-0.07
Q1 25
$0.01
$-0.16
Q4 24
$-0.69
$-0.52
Q3 24
$0.17
$-0.21
Q2 24
$-0.03
$-0.25

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
LASR
LASR
Cash + ST InvestmentsLiquidity on hand
$8.3M
$98.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$226.7M
Total Assets
$1.3B
$315.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
LASR
LASR
Q1 26
$8.3M
Q4 25
$6.5M
$98.7M
Q3 25
$9.3M
$81.1M
Q2 25
$8.6M
$78.8M
Q1 25
$8.4M
$82.2M
Q4 24
$9.0M
$65.8M
Q3 24
$8.2M
$41.5M
Q2 24
$4.8M
$49.4M
Total Debt
CTO
CTO
LASR
LASR
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
LASR
LASR
Q1 26
$575.4M
Q4 25
$567.3M
$226.7M
Q3 25
$557.3M
$218.5M
Q2 25
$574.1M
$216.0M
Q1 25
$593.9M
$212.8M
Q4 24
$612.8M
$216.4M
Q3 24
$595.8M
$235.3M
Q2 24
$491.8M
$239.5M
Total Assets
CTO
CTO
LASR
LASR
Q1 26
$1.3B
Q4 25
$1.3B
$315.2M
Q3 25
$1.2B
$298.7M
Q2 25
$1.2B
$295.3M
Q1 25
$1.2B
$290.0M
Q4 24
$1.2B
$270.2M
Q3 24
$1.2B
$291.3M
Q2 24
$1.0B
$294.3M
Debt / Equity
CTO
CTO
LASR
LASR
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

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
LASR
LASR
Operating Cash FlowLast quarter
$17.5M
Free Cash FlowOCF − Capex
$15.9M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
LASR
LASR
Q1 26
Q4 25
$64.6M
$17.5M
Q3 25
$25.5M
$5.2M
Q2 25
$21.9M
$-1.4M
Q1 25
$10.3M
$-20.0K
Q4 24
$59.9M
$-3.9M
Q3 24
$21.2M
$-5.6M
Q2 24
$12.9M
$-4.2M
Free Cash Flow
CTO
CTO
LASR
LASR
Q1 26
Q4 25
$15.9M
Q3 25
$2.4M
Q2 25
$-3.8M
Q1 25
$-2.3M
Q4 24
$-6.5M
Q3 24
$-7.2M
Q2 24
$-6.4M
FCF Margin
CTO
CTO
LASR
LASR
Q1 26
Q4 25
19.6%
Q3 25
3.7%
Q2 25
-6.1%
Q1 25
-4.5%
Q4 24
-13.7%
Q3 24
-12.9%
Q2 24
-12.6%
Capex Intensity
CTO
CTO
LASR
LASR
Q1 26
Q4 25
2.0%
Q3 25
4.2%
Q2 25
3.9%
Q1 25
4.4%
Q4 24
5.5%
Q3 24
2.9%
Q2 24
4.2%
Cash Conversion
CTO
CTO
LASR
LASR
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
Q1 25
4.56×
Q4 24
Q3 24
3.40×
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.

LASR
LASR

Aerospaceand Defense$56.3M69%
Microfabrication$14.2M18%
Industrial$10.7M13%

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