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Side-by-side financial comparison of CaliberCos Inc. (CWD) and MacKenzie Realty Capital, Inc. (MKZR). Click either name above to swap in a different company.
MacKenzie Realty Capital, Inc. is the larger business by last-quarter revenue ($4.6M vs $4.1M, roughly 1.1× CaliberCos Inc.). MacKenzie Realty Capital, Inc. runs the higher net margin — -97.4% vs -188.3%, a 90.9% gap on every dollar of revenue. On growth, MacKenzie Realty Capital, Inc. posted the faster year-over-year revenue change (-42.8% vs -52.5%). Over the past eight quarters, MacKenzie Realty Capital, Inc.'s revenue compounded faster (6.1% CAGR vs -57.6%).
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.
MacKenzie Realty Capital, Inc. is a U.S.-based real estate investment firm focused on acquiring, owning, and managing a diversified portfolio of income-generating commercial and residential real estate assets. It targets properties in high-growth regional markets across the U.S. to deliver consistent long-term returns to its investors.
CWD vs MKZR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $4.6M |
| Net Profit | $-7.7M | $-4.5M |
| Gross Margin | — | — |
| Operating Margin | -196.6% | -102.5% |
| Net Margin | -188.3% | -97.4% |
| Revenue YoY | -52.5% | -42.8% |
| Net Profit YoY | 32.2% | -0.4% |
| EPS (diluted) | $1.95 | $-2.97 |
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.
| Q4 25 | $4.1M | $4.6M | ||
| Q3 25 | $3.6M | $4.5M | ||
| Q2 25 | $5.1M | $4.8M | ||
| Q1 25 | $7.3M | $4.3M | ||
| Q4 24 | $8.7M | $8.0M | ||
| Q3 24 | $11.3M | $5.0M | ||
| Q2 24 | $8.2M | $4.5M | ||
| Q1 24 | $23.0M | $4.1M |
| Q4 25 | $-7.7M | $-4.5M | ||
| Q3 25 | $-4.4M | $-3.0M | ||
| Q2 25 | $-5.3M | $-6.0M | ||
| Q1 25 | $-4.4M | $-6.1M | ||
| Q4 24 | $-11.4M | $-4.5M | ||
| Q3 24 | $146.0K | $-7.4M | ||
| Q2 24 | $-4.7M | $-2.5M | ||
| Q1 24 | $-3.8M | $-2.9M |
| Q4 25 | -196.6% | -102.5% | ||
| Q3 25 | -129.6% | -76.8% | ||
| Q2 25 | -112.4% | -117.3% | ||
| Q1 25 | -62.7% | -136.4% | ||
| Q4 24 | -236.8% | -56.7% | ||
| Q3 24 | 0.0% | -150.3% | ||
| Q2 24 | -65.0% | -58.1% | ||
| Q1 24 | -22.9% | -65.6% |
| Q4 25 | -188.3% | -97.4% | ||
| Q3 25 | -120.2% | -67.1% | ||
| Q2 25 | -104.5% | -125.1% | ||
| Q1 25 | -60.7% | -142.6% | ||
| Q4 24 | -247.6% | -55.5% | ||
| Q3 24 | 1.3% | -149.6% | ||
| Q2 24 | -57.8% | -55.6% | ||
| Q1 24 | -16.6% | -72.3% |
| Q4 25 | $1.95 | $-2.97 | ||
| Q3 25 | $-1.65 | $-2.20 | ||
| Q2 25 | $-4.15 | $-8.16 | ||
| Q1 25 | $-3.85 | $-0.47 | ||
| Q4 24 | $-10.15 | $-3.93 | ||
| Q3 24 | $0.12 | $-6.10 | ||
| Q2 24 | $-4.34 | $-9.20 | ||
| Q1 24 | $-3.53 | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $4.3M |
| Total DebtLower is stronger | — | $145.6M |
| Stockholders' EquityBook value | $1.3M | $51.8M |
| Total Assets | $135.4M | $238.1M |
| Debt / EquityLower = less leverage | — | 2.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $4.3M | ||
| Q3 25 | $10.9M | $4.9M | ||
| Q2 25 | $683.0K | $3.6M | ||
| Q1 25 | $1.6M | $5.1M | ||
| Q4 24 | $2.3M | $6.5M | ||
| Q3 24 | $1.6M | $10.7M | ||
| Q2 24 | $1.8M | $11.9M | ||
| Q1 24 | $2.1M | $15.5M |
| Q4 25 | — | $145.6M | ||
| Q3 25 | — | $142.7M | ||
| Q2 25 | — | $135.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $117.3M | ||
| Q1 24 | — | — |
| Q4 25 | $1.3M | $51.8M | ||
| Q3 25 | $4.2M | $56.7M | ||
| Q2 25 | $-19.9M | $59.9M | ||
| Q1 25 | $-15.8M | $66.7M | ||
| Q4 24 | $-12.6M | $68.3M | ||
| Q3 24 | $-3.8M | $73.4M | ||
| Q2 24 | $-4.7M | $82.4M | ||
| Q1 24 | $-745.0K | $86.3M |
| Q4 25 | $135.4M | $238.1M | ||
| Q3 25 | $82.6M | $241.7M | ||
| Q2 25 | $59.3M | $236.0M | ||
| Q1 25 | $103.6M | $237.1M | ||
| Q4 24 | $105.5M | $236.4M | ||
| Q3 24 | $158.6M | $243.5M | ||
| Q2 24 | $195.2M | $233.1M | ||
| Q1 24 | $201.5M | $226.1M |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 2.52× | ||
| Q2 25 | — | 2.26× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.1M | $-1.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $-1.6M | ||
| Q3 25 | $-4.6M | $-2.0M | ||
| Q2 25 | $-1.2M | $-1.7M | ||
| Q1 25 | $-1.7M | $-2.6M | ||
| Q4 24 | $555.0K | $1.9M | ||
| Q3 24 | $-74.0K | $644.4K | ||
| Q2 24 | $1.4M | $-595.5K | ||
| Q1 24 | $-1.5M | $743.3K |
| 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.
