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

Reservoir Media, Inc. is the larger business by last-quarter revenue ($45.6M vs $41.2M, roughly 1.1× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs 4.8%, a 10.3% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs 7.7%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs 7.9%).

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.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

CTO vs RSVR — Head-to-Head

Bigger by revenue
RSVR
RSVR
1.1× larger
RSVR
$45.6M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+7.3% gap
CTO
15.0%
7.7%
RSVR
Higher net margin
CTO
CTO
10.3% more per $
CTO
15.1%
4.8%
RSVR
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
7.9%
RSVR

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CTO
CTO
RSVR
RSVR
Revenue
$41.2M
$45.6M
Net Profit
$6.2M
$2.2M
Gross Margin
64.5%
Operating Margin
175.0%
22.7%
Net Margin
15.1%
4.8%
Revenue YoY
15.0%
7.7%
Net Profit YoY
174.4%
-58.1%
EPS (diluted)
$0.13
$0.03

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
RSVR
RSVR
Q1 26
$41.2M
Q4 25
$38.3M
$45.6M
Q3 25
$37.8M
$45.4M
Q2 25
$37.6M
$37.2M
Q1 25
$35.8M
$41.4M
Q4 24
$35.7M
$42.3M
Q3 24
$31.8M
$40.7M
Q2 24
$28.8M
$34.3M
Net Profit
CTO
CTO
RSVR
RSVR
Q1 26
$6.2M
Q4 25
$28.3M
$2.2M
Q3 25
$2.9M
$2.3M
Q2 25
$-23.4M
$-555.7K
Q1 25
$2.3M
$2.7M
Q4 24
$-15.2M
$5.2M
Q3 24
$6.2M
$185.0K
Q2 24
$1.2M
$-346.7K
Gross Margin
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
75.0%
64.5%
Q3 25
75.4%
63.6%
Q2 25
73.0%
64.5%
Q1 25
75.2%
65.6%
Q4 24
74.4%
64.4%
Q3 24
74.4%
63.5%
Q2 24
71.1%
61.3%
Operating Margin
CTO
CTO
RSVR
RSVR
Q1 26
175.0%
Q4 25
75.1%
22.7%
Q3 25
26.6%
23.5%
Q2 25
-33.7%
14.7%
Q1 25
22.0%
25.2%
Q4 24
-20.4%
22.6%
Q3 24
15.6%
24.9%
Q2 24
18.8%
14.5%
Net Margin
CTO
CTO
RSVR
RSVR
Q1 26
15.1%
Q4 25
73.9%
4.8%
Q3 25
7.7%
5.0%
Q2 25
-62.2%
-1.5%
Q1 25
6.3%
6.4%
Q4 24
-42.6%
12.4%
Q3 24
19.6%
0.5%
Q2 24
4.1%
-1.0%
EPS (diluted)
CTO
CTO
RSVR
RSVR
Q1 26
$0.13
Q4 25
$0.81
$0.03
Q3 25
$0.03
$0.03
Q2 25
$-0.77
$-0.01
Q1 25
$0.01
Q4 24
$-0.69
$0.08
Q3 24
$0.17
Q2 24
$-0.03
$-0.01

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$8.3M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$373.6M
Total Assets
$1.3B
$941.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
RSVR
RSVR
Q1 26
$8.3M
Q4 25
$6.5M
$20.6M
Q3 25
$9.3M
$27.9M
Q2 25
$8.6M
$14.9M
Q1 25
$8.4M
$21.4M
Q4 24
$9.0M
$17.8M
Q3 24
$8.2M
$21.1M
Q2 24
$4.8M
$16.4M
Total Debt
CTO
CTO
RSVR
RSVR
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
RSVR
RSVR
Q1 26
$575.4M
Q4 25
$567.3M
$373.6M
Q3 25
$557.3M
$370.9M
Q2 25
$574.1M
$368.9M
Q1 25
$593.9M
$364.9M
Q4 24
$612.8M
$359.5M
Q3 24
$595.8M
$357.9M
Q2 24
$491.8M
$353.0M
Total Assets
CTO
CTO
RSVR
RSVR
Q1 26
$1.3B
Q4 25
$1.3B
$941.9M
Q3 25
$1.2B
$903.5M
Q2 25
$1.2B
$857.0M
Q1 25
$1.2B
$865.1M
Q4 24
$1.2B
$832.4M
Q3 24
$1.2B
$778.2M
Q2 24
$1.0B
$768.2M
Debt / Equity
CTO
CTO
RSVR
RSVR
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
RSVR
RSVR
Operating Cash FlowLast quarter
$12.9M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
$64.6M
$12.9M
Q3 25
$25.5M
$19.3M
Q2 25
$21.9M
$6.0M
Q1 25
$10.3M
$12.2M
Q4 24
$59.9M
$11.2M
Q3 24
$21.2M
$13.3M
Q2 24
$12.9M
$8.6M
Free Cash Flow
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
$12.8M
Q3 25
$19.2M
Q2 25
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
Q3 24
$13.3M
Q2 24
$8.5M
FCF Margin
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
28.1%
Q3 25
42.2%
Q2 25
16.1%
Q1 25
29.3%
Q4 24
26.5%
Q3 24
32.7%
Q2 24
24.9%
Capex Intensity
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
CTO
CTO
RSVR
RSVR
Q1 26
Q4 25
2.28×
5.89×
Q3 25
8.75×
8.54×
Q2 25
Q1 25
4.56×
4.56×
Q4 24
2.14×
Q3 24
3.40×
71.97×
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.

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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