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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Winchester Bancorp, Inc. (WSBK). Click either name above to swap in a different company.
Winchester Bancorp, Inc. is the larger business by last-quarter revenue ($6.4M vs $4.1M, roughly 1.6× CaliberCos Inc.). Winchester Bancorp, Inc. runs the higher net margin — 16.7% vs -188.3%, a 205.0% gap on every dollar of revenue. On growth, Winchester Bancorp, Inc. posted the faster year-over-year revenue change (45.8% vs -52.5%).
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.
Winchester Bancorp, Inc. (Maryland) is a regional bank holding company operating community banking outlets across Maryland. It provides a full range of retail and commercial financial services, including deposit accounts, mortgage loans, small business loans, and wealth management solutions, serving individual consumers and local small to medium-sized enterprise clients.
CWD vs WSBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $6.4M |
| Net Profit | $-7.7M | $1.1M |
| Gross Margin | — | — |
| Operating Margin | -196.6% | 20.9% |
| Net Margin | -188.3% | 16.7% |
| Revenue YoY | -52.5% | 45.8% |
| Net Profit YoY | 32.2% | 187.9% |
| EPS (diluted) | $1.95 | $0.12 |
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 | $6.4M | ||
| Q3 25 | $3.6M | $5.8M | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $7.3M | $4.4M | ||
| Q4 24 | $8.7M | $4.4M | ||
| Q3 24 | $11.3M | — | ||
| Q2 24 | $8.2M | — | ||
| Q1 24 | $23.0M | — |
| Q4 25 | $-7.7M | $1.1M | ||
| Q3 25 | $-4.4M | $962.0K | ||
| Q2 25 | $-5.3M | — | ||
| Q1 25 | $-4.4M | $305.0K | ||
| Q4 24 | $-11.4M | $373.0K | ||
| Q3 24 | $146.0K | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-3.8M | — |
| Q4 25 | -196.6% | 20.9% | ||
| Q3 25 | -129.6% | 22.8% | ||
| Q2 25 | -112.4% | — | ||
| Q1 25 | -62.7% | 8.5% | ||
| Q4 24 | -236.8% | 9.4% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | -65.0% | — | ||
| Q1 24 | -22.9% | — |
| Q4 25 | -188.3% | 16.7% | ||
| Q3 25 | -120.2% | 16.6% | ||
| Q2 25 | -104.5% | — | ||
| Q1 25 | -60.7% | 7.0% | ||
| Q4 24 | -247.6% | 8.4% | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | -57.8% | — | ||
| Q1 24 | -16.6% | — |
| Q4 25 | $1.95 | $0.12 | ||
| Q3 25 | $-1.65 | $0.11 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $54.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $118.2M |
| Total Assets | $135.4M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | $54.8M | ||
| Q3 25 | $10.9M | $57.7M | ||
| Q2 25 | $683.0K | — | ||
| Q1 25 | $1.6M | $66.6M | ||
| Q4 24 | $2.3M | $41.5M | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $1.3M | $118.2M | ||
| Q3 25 | $4.2M | $117.0M | ||
| Q2 25 | $-19.9M | — | ||
| Q1 25 | $-15.8M | $80.9M | ||
| Q4 24 | $-12.6M | $80.3M | ||
| Q3 24 | $-3.8M | — | ||
| Q2 24 | $-4.7M | — | ||
| Q1 24 | $-745.0K | — |
| Q4 25 | $135.4M | $1.0B | ||
| Q3 25 | $82.6M | $1.0B | ||
| Q2 25 | $59.3M | — | ||
| Q1 25 | $103.6M | $923.1M | ||
| Q4 24 | $105.5M | $894.1M | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.1M | $1.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $1.6M | ||
| Q3 25 | $-4.6M | $1.4M | ||
| Q2 25 | $-1.2M | — | ||
| Q1 25 | $-1.7M | $848.0K | ||
| Q4 24 | $555.0K | — | ||
| Q3 24 | $-74.0K | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $-1.5M | — |
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.51× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
