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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Dogness (International) Corp (DOGZ). Click either name above to swap in a different company.

Dogness (International) Corp is the larger business by last-quarter revenue ($7.7M vs $4.1M, roughly 1.9× CaliberCos Inc.). Dogness (International) Corp runs the higher net margin — -67.1% vs -188.3%, a 121.2% gap on every dollar of revenue.

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Dogness (International) Corp is a pet product manufacturer focused on designing, producing and selling a broad portfolio of pet care goods, including smart pet feeders, automatic waterers, leashes, collars and grooming tools. Its core markets cover North America, Europe and China, serving both retail consumers and B2B partners in the global pet industry.

CWD vs DOGZ — Head-to-Head

Bigger by revenue
DOGZ
DOGZ
1.9× larger
DOGZ
$7.7M
$4.1M
CWD
Higher net margin
DOGZ
DOGZ
121.2% more per $
DOGZ
-67.1%
-188.3%
CWD

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CWD
CWD
DOGZ
DOGZ
Revenue
$4.1M
$7.7M
Net Profit
$-7.7M
$-5.2M
Gross Margin
11.2%
Operating Margin
-196.6%
-70.8%
Net Margin
-188.3%
-67.1%
Revenue YoY
-52.5%
Net Profit YoY
32.2%
EPS (diluted)
$1.95
$-0.29

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
CWD
CWD
DOGZ
DOGZ
Q4 25
$4.1M
$7.7M
Q3 25
$3.6M
Q2 25
$5.1M
$6.7M
Q1 25
$7.3M
Q4 24
$8.7M
Q3 24
$11.3M
Q2 24
$8.2M
Q1 24
$23.0M
Net Profit
CWD
CWD
DOGZ
DOGZ
Q4 25
$-7.7M
$-5.2M
Q3 25
$-4.4M
Q2 25
$-5.3M
$-3.2M
Q1 25
$-4.4M
Q4 24
$-11.4M
Q3 24
$146.0K
Q2 24
$-4.7M
Q1 24
$-3.8M
Gross Margin
CWD
CWD
DOGZ
DOGZ
Q4 25
11.2%
Q3 25
Q2 25
19.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
CWD
CWD
DOGZ
DOGZ
Q4 25
-196.6%
-70.8%
Q3 25
-129.6%
Q2 25
-112.4%
-53.6%
Q1 25
-62.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-65.0%
Q1 24
-22.9%
Net Margin
CWD
CWD
DOGZ
DOGZ
Q4 25
-188.3%
-67.1%
Q3 25
-120.2%
Q2 25
-104.5%
-47.9%
Q1 25
-60.7%
Q4 24
-247.6%
Q3 24
1.3%
Q2 24
-57.8%
Q1 24
-16.6%
EPS (diluted)
CWD
CWD
DOGZ
DOGZ
Q4 25
$1.95
$-0.29
Q3 25
$-1.65
Q2 25
$-4.15
Q1 25
$-3.85
Q4 24
$-10.15
Q3 24
$0.12
Q2 24
$-4.34
Q1 24
$-3.53

Balance Sheet & Financial Strength

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

Metric
CWD
CWD
DOGZ
DOGZ
Cash + ST InvestmentsLiquidity on hand
$2.9M
$6.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$95.1M
Total Assets
$135.4M
$114.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
DOGZ
DOGZ
Q4 25
$2.9M
$6.6M
Q3 25
$10.9M
Q2 25
$683.0K
$12.8M
Q1 25
$1.6M
Q4 24
$2.3M
Q3 24
$1.6M
Q2 24
$1.8M
Q1 24
$2.1M
Stockholders' Equity
CWD
CWD
DOGZ
DOGZ
Q4 25
$1.3M
$95.1M
Q3 25
$4.2M
Q2 25
$-19.9M
$97.8M
Q1 25
$-15.8M
Q4 24
$-12.6M
Q3 24
$-3.8M
Q2 24
$-4.7M
Q1 24
$-745.0K
Total Assets
CWD
CWD
DOGZ
DOGZ
Q4 25
$135.4M
$114.5M
Q3 25
$82.6M
Q2 25
$59.3M
$116.8M
Q1 25
$103.6M
Q4 24
$105.5M
Q3 24
$158.6M
Q2 24
$195.2M
Q1 24
$201.5M

Cash Flow & Capital Efficiency

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

Metric
CWD
CWD
DOGZ
DOGZ
Operating Cash FlowLast quarter
$-12.1M
$-1.6M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-77.8%
Capex IntensityCapex / Revenue
56.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
DOGZ
DOGZ
Q4 25
$-12.1M
$-1.6M
Q3 25
$-4.6M
Q2 25
$-1.2M
Q1 25
$-1.7M
Q4 24
$555.0K
Q3 24
$-74.0K
Q2 24
$1.4M
Q1 24
$-1.5M
Free Cash Flow
CWD
CWD
DOGZ
DOGZ
Q4 25
$-6.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CWD
CWD
DOGZ
DOGZ
Q4 25
-77.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CWD
CWD
DOGZ
DOGZ
Q4 25
56.9%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CWD
CWD
DOGZ
DOGZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

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

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