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Side-by-side financial comparison of Fortress Biotech, Inc. (FBIO) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $16.1M, roughly 1.3× Fortress Biotech, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -24.5%, a 266.7% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 6.3%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 11.0%).

Fortress Biotech Inc., commonly known as Fortress Bio, is a biopharmaceutical company that acquires, develops, and commercializes innovative pharmaceutical and biotechnology products. Led by CEO Lindsay A. Rosenwald, M.D., Fortress and most of its subsidiary companies are headquartered in Bay Harbor Islands, Florida.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

FBIO vs IVR — Head-to-Head

Bigger by revenue
IVR
IVR
1.3× larger
IVR
$21.3M
$16.1M
FBIO
Growing faster (revenue YoY)
IVR
IVR
+49.1% gap
IVR
55.4%
6.3%
FBIO
Higher net margin
IVR
IVR
266.7% more per $
IVR
242.2%
-24.5%
FBIO
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
11.0%
FBIO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FBIO
FBIO
IVR
IVR
Revenue
$16.1M
$21.3M
Net Profit
$-3.9M
$51.5M
Gross Margin
66.1%
Operating Margin
-28.8%
Net Margin
-24.5%
242.2%
Revenue YoY
6.3%
55.4%
Net Profit YoY
41.8%
1368.7%
EPS (diluted)
$-0.15
$0.72

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
FBIO
FBIO
IVR
IVR
Q4 25
$16.1M
$21.3M
Q3 25
$17.6M
$17.6M
Q2 25
$16.4M
$17.7M
Q1 25
$13.1M
$18.8M
Q4 24
$15.1M
$13.7M
Q3 24
$14.6M
$7.5M
Q2 24
$14.9M
$8.6M
Q1 24
$13.0M
$7.0M
Net Profit
FBIO
FBIO
IVR
IVR
Q4 25
$-3.9M
$51.5M
Q3 25
$5.8M
$53.5M
Q2 25
$15.5M
$-23.3M
Q1 25
$-10.6M
$19.6M
Q4 24
$-6.8M
$3.5M
Q3 24
$-12.9M
$40.7M
Q2 24
$-10.9M
$-13.5M
Q1 24
$-15.4M
$29.1M
Gross Margin
FBIO
FBIO
IVR
IVR
Q4 25
66.1%
Q3 25
67.4%
Q2 25
69.9%
Q1 25
63.5%
Q4 24
69.1%
Q3 24
69.4%
Q2 24
61.6%
Q1 24
53.9%
Operating Margin
FBIO
FBIO
IVR
IVR
Q4 25
-28.8%
Q3 25
-38.6%
Q2 25
-222.2%
Q1 25
-169.9%
Q4 24
-158.3%
Q3 24
-151.0%
Q2 24
-186.5%
Q1 24
-280.6%
Net Margin
FBIO
FBIO
IVR
IVR
Q4 25
-24.5%
242.2%
Q3 25
33.2%
303.6%
Q2 25
94.4%
-131.6%
Q1 25
-80.6%
104.4%
Q4 24
-44.7%
25.6%
Q3 24
-88.0%
542.2%
Q2 24
-73.5%
-155.9%
Q1 24
-118.3%
415.9%
EPS (diluted)
FBIO
FBIO
IVR
IVR
Q4 25
$-0.15
$0.72
Q3 25
$0.11
$0.74
Q2 25
$0.45
$-0.40
Q1 25
$-0.48
$0.26
Q4 24
$-0.16
$-0.09
Q3 24
$-0.76
$0.63
Q2 24
$-0.73
$-0.38
Q1 24
$-1.04
$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FBIO
FBIO
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$79.4M
$56.0M
Total DebtLower is stronger
$52.4M
Stockholders' EquityBook value
$49.9M
$797.5M
Total Assets
$185.5M
$6.5B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIO
FBIO
IVR
IVR
Q4 25
$79.4M
$56.0M
Q3 25
$86.2M
$58.5M
Q2 25
$74.4M
$59.4M
Q1 25
$91.3M
$42.9M
Q4 24
$57.3M
$73.4M
Q3 24
$58.9M
$48.3M
Q2 24
$76.2M
$58.8M
Q1 24
$83.8M
$59.9M
Total Debt
FBIO
FBIO
IVR
IVR
Q4 25
$52.4M
Q3 25
$47.8M
Q2 25
$50.0M
Q1 25
$56.4M
Q4 24
$58.0M
Q3 24
$52.5M
Q2 24
$67.0M
Q1 24
$61.4M
Stockholders' Equity
FBIO
FBIO
IVR
IVR
Q4 25
$49.9M
$797.5M
Q3 25
$55.9M
$769.6M
Q2 25
$43.9M
$709.4M
Q1 25
$22.3M
$759.2M
Q4 24
$22.7M
$730.7M
Q3 24
$21.2M
$857.0M
Q2 24
$17.9M
$759.2M
Q1 24
$23.0M
$785.6M
Total Assets
FBIO
FBIO
IVR
IVR
Q4 25
$185.5M
$6.5B
Q3 25
$181.4M
$6.0B
Q2 25
$159.9M
$5.4B
Q1 25
$178.1M
$6.2B
Q4 24
$144.2M
$5.7B
Q3 24
$127.1M
$6.1B
Q2 24
$145.7M
$5.1B
Q1 24
$164.6M
$5.2B
Debt / Equity
FBIO
FBIO
IVR
IVR
Q4 25
1.05×
Q3 25
0.86×
Q2 25
1.14×
Q1 25
2.53×
Q4 24
2.55×
Q3 24
2.48×
Q2 24
3.75×
Q1 24
2.67×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FBIO
FBIO
IVR
IVR
Operating Cash FlowLast quarter
$-12.5M
$157.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIO
FBIO
IVR
IVR
Q4 25
$-12.5M
$157.1M
Q3 25
$-6.1M
$37.3M
Q2 25
$-27.6M
$40.6M
Q1 25
$-19.6M
$19.3M
Q4 24
$-12.9M
$183.2M
Q3 24
$-20.1M
$30.8M
Q2 24
$-21.8M
$33.0M
Q1 24
$-25.4M
$57.5M
Capex Intensity
FBIO
FBIO
IVR
IVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
FBIO
FBIO
IVR
IVR
Q4 25
3.05×
Q3 25
-1.04×
0.70×
Q2 25
-1.78×
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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