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Side-by-side financial comparison of Journey Medical Corp (DERM) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $16.1M, roughly 1.5× Journey Medical Corp). Journey Medical Corp runs the higher net margin — -7.8% vs -677.3%, a 669.6% gap on every dollar of revenue. On growth, Journey Medical Corp posted the faster year-over-year revenue change (27.3% vs 15.7%). Over the past eight quarters, Journey Medical Corp's revenue compounded faster (11.0% CAGR vs 8.9%).
Journey Medical Corp is a commercial-stage biopharmaceutical company specializing in dermatology treatments. It develops, manufactures and markets prescription and over-the-counter products addressing acne, atopic dermatitis, fungal skin infections and other dermal conditions, primarily serving healthcare providers and patients across the United States.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
DERM vs NEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.1M | $23.6M |
| Net Profit | $-1.2M | $-1.4M |
| Gross Margin | — | — |
| Operating Margin | -2.8% | 14.0% |
| Net Margin | -7.8% | -677.3% |
| Revenue YoY | 27.3% | 15.7% |
| Net Profit YoY | -182.0% | -133.0% |
| EPS (diluted) | $-0.04 | — |
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 | $16.1M | $23.6M | ||
| Q3 25 | $17.0M | $23.7M | ||
| Q2 25 | $15.0M | $21.2M | ||
| Q1 25 | $13.1M | $20.7M | ||
| Q4 24 | $12.6M | $20.4M | ||
| Q3 24 | $14.6M | $20.2M | ||
| Q2 24 | $14.9M | $20.1M | ||
| Q1 24 | $13.0M | $19.9M |
| Q4 25 | $-1.2M | $-1.4M | ||
| Q3 25 | $-2.3M | $-521.8K | ||
| Q2 25 | $-3.8M | $4.1M | ||
| Q1 25 | $-4.1M | $3.8M | ||
| Q4 24 | $1.5M | $4.2M | ||
| Q3 24 | $-2.4M | $3.9M | ||
| Q2 24 | $-3.4M | $4.1M | ||
| Q1 24 | $-10.4M | $3.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 82.3% | — | ||
| Q3 24 | 63.9% | — | ||
| Q2 24 | 56.0% | — | ||
| Q1 24 | 47.7% | — |
| Q4 25 | -2.8% | 14.0% | ||
| Q3 25 | -9.0% | 20.0% | ||
| Q2 25 | -19.2% | 33.3% | ||
| Q1 25 | -25.3% | 30.1% | ||
| Q4 24 | 17.7% | 32.4% | ||
| Q3 24 | -19.8% | 32.0% | ||
| Q2 24 | -19.7% | 32.6% | ||
| Q1 24 | -77.4% | 28.9% |
| Q4 25 | -7.8% | -677.3% | ||
| Q3 25 | -13.6% | -2.2% | ||
| Q2 25 | -25.3% | 19.5% | ||
| Q1 25 | -31.0% | 18.3% | ||
| Q4 24 | 12.1% | 20.7% | ||
| Q3 24 | -16.3% | 19.3% | ||
| Q2 24 | -22.6% | 20.3% | ||
| Q1 24 | -80.1% | 17.4% |
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $-0.12 | — | ||
| Q2 24 | $-0.17 | — | ||
| Q1 24 | $-0.53 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.1M | $26.7M |
| Total DebtLower is stronger | $25.3M | $531.0M |
| Stockholders' EquityBook value | $31.9M | — |
| Total Assets | $94.6M | $505.3M |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.1M | $26.7M | ||
| Q3 25 | $24.9M | $13.4M | ||
| Q2 25 | $20.3M | $16.7M | ||
| Q1 25 | $21.1M | $30.9M | ||
| Q4 24 | $20.3M | $17.6M | ||
| Q3 24 | $22.5M | $15.1M | ||
| Q2 24 | $23.9M | $13.5M | ||
| Q1 24 | $24.1M | $28.8M |
| Q4 25 | $25.3M | $531.0M | ||
| Q3 25 | $25.2M | $514.2M | ||
| Q2 25 | $25.1M | $514.3M | ||
| Q1 25 | $25.0M | $407.8M | ||
| Q4 24 | $24.9M | $408.6M | ||
| Q3 24 | $19.8M | $409.3M | ||
| Q2 24 | $19.7M | $410.0M | ||
| Q1 24 | $14.7M | $410.7M |
| Q4 25 | $31.9M | — | ||
| Q3 25 | $25.9M | — | ||
| Q2 25 | $19.2M | — | ||
| Q1 25 | $21.5M | — | ||
| Q4 24 | $20.1M | — | ||
| Q3 24 | $10.9M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $13.0M | — |
| Q4 25 | $94.6M | $505.3M | ||
| Q3 25 | $85.2M | $492.9M | ||
| Q2 25 | $81.2M | $494.8M | ||
| Q1 25 | $85.0M | $385.2M | ||
| Q4 24 | $80.2M | $393.5M | ||
| Q3 24 | $64.0M | $387.4M | ||
| Q2 24 | $65.2M | $383.7M | ||
| Q1 24 | $66.6M | $381.2M |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | 1.13× | — |
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 | $-6.3M | $27.7M |
| 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 | $-6.3M | $27.7M | ||
| Q3 25 | $-2.4M | $2.3M | ||
| Q2 25 | $-942.0K | $12.5M | ||
| Q1 25 | $-2.8M | $5.5M | ||
| Q4 24 | $2.2M | $31.9M | ||
| Q3 24 | $-1.2M | $8.5M | ||
| Q2 24 | $-5.2M | $5.4M | ||
| Q1 24 | $-5.0M | $6.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.02× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 1.46× | 7.57× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DERM
| Qbrexza | $5.5M | 35% |
| Emrosi | $5.0M | 31% |
| Accutane | $3.1M | 19% |
| Other | $2.5M | 15% |
NEN
Segment breakdown not available.
