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Side-by-side financial comparison of enCore Energy Corp. (EU) and Ladder Capital Corp (LADR). Click either name above to swap in a different company.
Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $12.4M, roughly 1.8× enCore Energy Corp.). Ladder Capital Corp runs the higher net margin — 71.0% vs -173.9%, a 245.0% gap on every dollar of revenue. Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $7.2M).
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.
EU vs LADR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $22.3M |
| Net Profit | $-21.5M | $15.9M |
| Gross Margin | 37.9% | — |
| Operating Margin | -135.9% | 69.5% |
| Net Margin | -173.9% | 71.0% |
| Revenue YoY | — | -18.0% |
| Net Profit YoY | — | -49.4% |
| EPS (diluted) | $-0.11 | $0.13 |
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 | $12.4M | $22.3M | ||
| Q3 25 | $8.9M | $27.8M | ||
| Q2 25 | $3.7M | $21.5M | ||
| Q1 25 | $18.2M | $20.3M | ||
| Q4 24 | — | $27.2M | ||
| Q3 24 | — | $38.4M | ||
| Q2 24 | — | $34.3M | ||
| Q1 24 | — | $37.1M |
| Q4 25 | $-21.5M | $15.9M | ||
| Q3 25 | $-4.8M | $19.2M | ||
| Q2 25 | $-6.3M | $17.1M | ||
| Q1 25 | $-24.2M | $11.6M | ||
| Q4 24 | — | $31.3M | ||
| Q3 24 | — | $27.6M | ||
| Q2 24 | — | $32.1M | ||
| Q1 24 | — | $16.4M |
| Q4 25 | 37.9% | — | ||
| Q3 25 | 43.8% | — | ||
| Q2 25 | 30.8% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -135.9% | 69.5% | ||
| Q3 25 | -158.2% | 72.4% | ||
| Q2 25 | -526.1% | 96.7% | ||
| Q1 25 | -85.7% | 52.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 74.1% | ||
| Q2 24 | — | 90.4% | ||
| Q1 24 | — | 49.4% |
| Q4 25 | -173.9% | 71.0% | ||
| Q3 25 | -53.7% | 69.0% | ||
| Q2 25 | -172.7% | 79.5% | ||
| Q1 25 | -132.9% | 56.8% | ||
| Q4 24 | — | 115.1% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 93.6% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | $-0.11 | $0.13 | ||
| Q3 25 | $-0.03 | $0.15 | ||
| Q2 25 | $-0.03 | $0.14 | ||
| Q1 25 | $-0.13 | $0.09 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | — | $0.22 | ||
| Q2 24 | — | $0.26 | ||
| Q1 24 | — | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | $38.0M |
| Total DebtLower is stronger | $110.0M | — |
| Stockholders' EquityBook value | $229.2M | $1.5B |
| Total Assets | $430.4M | $5.2B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $38.0M | ||
| Q3 25 | $91.9M | $49.4M | ||
| Q2 25 | $26.9M | $134.9M | ||
| Q1 25 | $29.7M | $479.8M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $110.0M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $229.2M | $1.5B | ||
| Q3 25 | $248.6M | $1.5B | ||
| Q2 25 | $264.7M | $1.5B | ||
| Q1 25 | $267.9M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $430.4M | $5.2B | ||
| Q3 25 | $441.9M | $4.7B | ||
| Q2 25 | $359.4M | $4.5B | ||
| Q1 25 | $362.6M | $4.5B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.8B | ||
| Q1 24 | — | $5.3B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $12.9M | $87.0M |
| Free Cash FlowOCF − Capex | $7.2M | $78.7M |
| FCF MarginFCF / Revenue | 57.8% | 352.4% |
| Capex IntensityCapex / Revenue | 46.7% | 37.4% |
| Cash ConversionOCF / Net Profit | — | 5.49× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | $118.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $87.0M | ||
| Q3 25 | $-20.3M | $26.3M | ||
| Q2 25 | $-9.9M | $44.0M | ||
| Q1 25 | $-7.7M | $-28.7M | ||
| Q4 24 | — | $133.9M | ||
| Q3 24 | — | $169.0M | ||
| Q2 24 | — | $45.4M | ||
| Q1 24 | — | $-20.4M |
| Q4 25 | $7.2M | $78.7M | ||
| Q3 25 | $-26.3M | $25.9M | ||
| Q2 25 | $-14.1M | $43.4M | ||
| Q1 25 | $-11.7M | $-29.6M | ||
| Q4 24 | — | $127.4M | ||
| Q3 24 | — | $166.0M | ||
| Q2 24 | — | $44.9M | ||
| Q1 24 | — | $-21.7M |
| Q4 25 | 57.8% | 352.4% | ||
| Q3 25 | -296.6% | 93.1% | ||
| Q2 25 | -385.2% | 201.6% | ||
| Q1 25 | -64.1% | -145.6% | ||
| Q4 24 | — | 468.2% | ||
| Q3 24 | — | 432.1% | ||
| Q2 24 | — | 131.0% | ||
| Q1 24 | — | -58.6% |
| Q4 25 | 46.7% | 37.4% | ||
| Q3 25 | 68.0% | 1.7% | ||
| Q2 25 | 115.1% | 2.9% | ||
| Q1 25 | 21.7% | 4.3% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | — | 5.49× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 2.57× | ||
| Q1 25 | — | -2.49× | ||
| Q4 24 | — | 4.27× | ||
| Q3 24 | — | 6.13× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | -1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
