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Side-by-side financial comparison of CaliberCos Inc. (CWD) and American Strategic Investment Co. (NYC). Click either name above to swap in a different company.

American Strategic Investment Co. is the larger business by last-quarter revenue ($6.5M vs $4.1M, roughly 1.6× CaliberCos Inc.). American Strategic Investment Co. runs the higher net margin — -103.4% vs -188.3%, a 84.9% gap on every dollar of revenue. On growth, CaliberCos Inc. posted the faster year-over-year revenue change (-52.5% vs -56.5%).

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.

Strategic Hotels & Resorts is an American REIT in the hospitality industry. It was publicly traded on the New York Stock Exchange as BEE. The company owns 18 luxury hotels, 17 of which are located in the United States and one of which is in Germany.

CWD vs NYC — Head-to-Head

Bigger by revenue
NYC
NYC
1.6× larger
NYC
$6.5M
$4.1M
CWD
Growing faster (revenue YoY)
CWD
CWD
+4.0% gap
CWD
-52.5%
-56.5%
NYC
Higher net margin
NYC
NYC
84.9% more per $
NYC
-103.4%
-188.3%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
NYC
NYC
Revenue
$4.1M
$6.5M
Net Profit
$-7.7M
$-6.7M
Gross Margin
Operating Margin
-196.6%
-4.8%
Net Margin
-188.3%
-103.4%
Revenue YoY
-52.5%
-56.5%
Net Profit YoY
32.2%
-0.7%
EPS (diluted)
$1.95
$-2.14

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
NYC
NYC
Q4 25
$4.1M
$6.5M
Q3 25
$3.6M
$12.3M
Q2 25
$5.1M
$12.2M
Q1 25
$7.3M
$12.3M
Q4 24
$8.7M
Q3 24
$11.3M
Q2 24
$8.2M
Q1 24
$23.0M
Net Profit
CWD
CWD
NYC
NYC
Q4 25
$-7.7M
$-6.7M
Q3 25
$-4.4M
$35.8M
Q2 25
$-5.3M
$-41.7M
Q1 25
$-4.4M
$-8.6M
Q4 24
$-11.4M
Q3 24
$146.0K
Q2 24
$-4.7M
Q1 24
$-3.8M
Operating Margin
CWD
CWD
NYC
NYC
Q4 25
-196.6%
-4.8%
Q3 25
-129.6%
Q2 25
-112.4%
-276.7%
Q1 25
-62.7%
-36.7%
Q4 24
-236.8%
Q3 24
0.0%
Q2 24
-65.0%
Q1 24
-22.9%
Net Margin
CWD
CWD
NYC
NYC
Q4 25
-188.3%
-103.4%
Q3 25
-120.2%
291.4%
Q2 25
-104.5%
-340.9%
Q1 25
-60.7%
-69.8%
Q4 24
-247.6%
Q3 24
1.3%
Q2 24
-57.8%
Q1 24
-16.6%
EPS (diluted)
CWD
CWD
NYC
NYC
Q4 25
$1.95
$-2.14
Q3 25
$-1.65
$13.60
Q2 25
$-4.15
$-16.39
Q1 25
$-3.85
$-3.39
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
NYC
NYC
Cash + ST InvestmentsLiquidity on hand
$2.9M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$64.8M
Total Assets
$135.4M
$445.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
NYC
NYC
Q4 25
$2.9M
$1.3M
Q3 25
$10.9M
$3.4M
Q2 25
$683.0K
$5.3M
Q1 25
$1.6M
$7.1M
Q4 24
$2.3M
Q3 24
$1.6M
Q2 24
$1.8M
Q1 24
$2.1M
Stockholders' Equity
CWD
CWD
NYC
NYC
Q4 25
$1.3M
$64.8M
Q3 25
$4.2M
$71.4M
Q2 25
$-19.9M
$35.5M
Q1 25
$-15.8M
$77.1M
Q4 24
$-12.6M
Q3 24
$-3.8M
Q2 24
$-4.7M
Q1 24
$-745.0K
Total Assets
CWD
CWD
NYC
NYC
Q4 25
$135.4M
$445.2M
Q3 25
$82.6M
$448.1M
Q2 25
$59.3M
$464.0M
Q1 25
$103.6M
$499.4M
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
NYC
NYC
Operating Cash FlowLast quarter
$-12.1M
$-7.8M
Free Cash FlowOCF − Capex
$-8.5M
FCF MarginFCF / Revenue
-131.4%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
NYC
NYC
Q4 25
$-12.1M
$-7.8M
Q3 25
$-4.6M
$777.0K
Q2 25
$-1.2M
$-2.5M
Q1 25
$-1.7M
$-3.0M
Q4 24
$555.0K
Q3 24
$-74.0K
Q2 24
$1.4M
Q1 24
$-1.5M
Free Cash Flow
CWD
CWD
NYC
NYC
Q4 25
$-8.5M
Q3 25
$612.0K
Q2 25
$-3.0M
Q1 25
$-3.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CWD
CWD
NYC
NYC
Q4 25
-131.4%
Q3 25
5.0%
Q2 25
-24.4%
Q1 25
-25.3%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CWD
CWD
NYC
NYC
Q4 25
11.7%
Q3 25
1.3%
Q2 25
4.0%
Q1 25
0.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
CWD
CWD
NYC
NYC
Q4 25
Q3 25
0.02×
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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