vs

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

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $41.2M, roughly 1.4× CTO Realty Growth, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 15.0%).

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.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

CTO vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.4× larger
PHAT
$57.6M
$41.2M
CTO
Growing faster (revenue YoY)
PHAT
PHAT
+79.1% gap
PHAT
94.1%
15.0%
CTO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
PHAT
PHAT
Revenue
$41.2M
$57.6M
Net Profit
$6.2M
Gross Margin
86.7%
Operating Margin
175.0%
Net Margin
15.1%
Revenue YoY
15.0%
94.1%
Net Profit YoY
174.4%
71.6%
EPS (diluted)
$0.13

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
PHAT
PHAT
Q1 26
$41.2M
Q4 25
$38.3M
$57.6M
Q3 25
$37.8M
$49.5M
Q2 25
$37.6M
$39.5M
Q1 25
$35.8M
$28.5M
Q4 24
$35.7M
$29.7M
Q3 24
$31.8M
$16.4M
Q2 24
$28.8M
$7.3M
Net Profit
CTO
CTO
PHAT
PHAT
Q1 26
$6.2M
Q4 25
$28.3M
Q3 25
$2.9M
$-30.0M
Q2 25
$-23.4M
$-75.8M
Q1 25
$2.3M
$-94.3M
Q4 24
$-15.2M
Q3 24
$6.2M
$-85.6M
Q2 24
$1.2M
$-91.4M
Gross Margin
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
75.0%
86.7%
Q3 25
75.4%
87.5%
Q2 25
73.0%
87.2%
Q1 25
75.2%
86.9%
Q4 24
74.4%
87.1%
Q3 24
74.4%
85.6%
Q2 24
71.1%
81.2%
Operating Margin
CTO
CTO
PHAT
PHAT
Q1 26
175.0%
Q4 25
75.1%
Q3 25
26.6%
-30.8%
Q2 25
-33.7%
-151.7%
Q1 25
22.0%
-276.5%
Q4 24
-20.4%
Q3 24
15.6%
-433.0%
Q2 24
18.8%
-1055.4%
Net Margin
CTO
CTO
PHAT
PHAT
Q1 26
15.1%
Q4 25
73.9%
Q3 25
7.7%
-60.5%
Q2 25
-62.2%
-191.9%
Q1 25
6.3%
-330.7%
Q4 24
-42.6%
Q3 24
19.6%
-523.3%
Q2 24
4.1%
-1248.6%
EPS (diluted)
CTO
CTO
PHAT
PHAT
Q1 26
$0.13
Q4 25
$0.81
Q3 25
$0.03
$-0.41
Q2 25
$-0.77
$-1.05
Q1 25
$0.01
$-1.31
Q4 24
$-0.69
Q3 24
$0.17
$-1.32
Q2 24
$-0.03
$-1.56

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$8.3M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$575.4M
$-438.2M
Total Assets
$1.3B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
PHAT
PHAT
Q1 26
$8.3M
Q4 25
$6.5M
$130.0M
Q3 25
$9.3M
$135.2M
Q2 25
$8.6M
$149.6M
Q1 25
$8.4M
$212.3M
Q4 24
$9.0M
$297.3M
Q3 24
$8.2M
$334.7M
Q2 24
$4.8M
$276.2M
Total Debt
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
$616.3M
$209.1M
Q3 25
$604.2M
$207.1M
Q2 25
$605.4M
$205.1M
Q1 25
$602.2M
$203.2M
Q4 24
$519.0M
$201.4M
Q3 24
$526.8M
$175.7M
Q2 24
$482.7M
$174.4M
Stockholders' Equity
CTO
CTO
PHAT
PHAT
Q1 26
$575.4M
Q4 25
$567.3M
$-438.2M
Q3 25
$557.3M
$-422.5M
Q2 25
$574.1M
$-405.8M
Q1 25
$593.9M
$-338.4M
Q4 24
$612.8M
$-253.6M
Q3 24
$595.8M
$-187.1M
Q2 24
$491.8M
$-233.8M
Total Assets
CTO
CTO
PHAT
PHAT
Q1 26
$1.3B
Q4 25
$1.3B
$259.1M
Q3 25
$1.2B
$240.3M
Q2 25
$1.2B
$250.2M
Q1 25
$1.2B
$294.2M
Q4 24
$1.2B
$378.3M
Q3 24
$1.2B
$387.0M
Q2 24
$1.0B
$319.4M
Debt / Equity
CTO
CTO
PHAT
PHAT
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
PHAT
PHAT
Operating Cash FlowLast quarter
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
$64.6M
$-166.8M
Q3 25
$25.5M
$-14.1M
Q2 25
$21.9M
$-62.7M
Q1 25
$10.3M
$-84.9M
Q4 24
$59.9M
$-266.8M
Q3 24
$21.2M
$-63.6M
Q2 24
$12.9M
$-70.7M
Free Cash Flow
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
$-167.0M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
FCF Margin
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
-290.0%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Capex Intensity
CTO
CTO
PHAT
PHAT
Q1 26
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.3%
Q2 24
0.6%
Cash Conversion
CTO
CTO
PHAT
PHAT
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.

Related Comparisons