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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) and GCL Global Holdings Ltd (GCL). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $81.1M, roughly 1.2× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -5.2%, a 27.8% gap on every dollar of revenue.
Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
FBRT vs GCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $98.7M |
| Net Profit | $18.4M | $-5.1M |
| Gross Margin | — | 11.0% |
| Operating Margin | — | -6.7% |
| Net Margin | 22.7% | -5.2% |
| Revenue YoY | 25.8% | — |
| Net Profit YoY | -39.1% | — |
| EPS (diluted) | $0.13 | $-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 | $81.1M | — | ||
| Q3 25 | $89.5M | $98.7M | ||
| Q2 25 | $49.3M | $142.1M | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $64.5M | — | ||
| Q3 24 | $54.0M | $36.1M | ||
| Q2 24 | $50.9M | — | ||
| Q1 24 | $54.0M | — |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $17.3M | $-5.1M | ||
| Q2 25 | $23.2M | $5.6M | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $30.2M | — | ||
| Q3 24 | $31.6M | $-1.9M | ||
| Q2 24 | $-2.2M | — | ||
| Q1 24 | $35.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 22.7% | — | ||
| Q3 25 | 19.3% | -5.2% | ||
| Q2 25 | 47.1% | 3.9% | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 58.5% | -5.2% | ||
| Q2 24 | -4.3% | — | ||
| Q1 24 | 66.6% | — |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.12 | $-0.04 | ||
| Q2 25 | $0.19 | $0.05 | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $-0.11 | — | ||
| Q1 24 | $0.35 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.3M | $16.6M |
| Total DebtLower is stronger | — | $52.0M |
| Stockholders' EquityBook value | $1.4B | $33.1M |
| Total Assets | $6.1B | $159.9M |
| Debt / EquityLower = less leverage | — | 1.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | — | ||
| Q3 25 | $116.7M | $16.6M | ||
| Q2 25 | $414.1M | $18.2M | ||
| Q1 25 | $215.4M | — | ||
| Q4 24 | $184.4M | — | ||
| Q3 24 | $346.2M | $2.7M | ||
| Q2 24 | $94.8M | — | ||
| Q1 24 | $240.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $52.0M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | $33.1M | ||
| Q2 25 | $1.5B | $35.9M | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $15.9M | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.6B | — |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | $159.9M | ||
| Q2 25 | $5.6B | $101.6M | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.3B | $49.6M | ||
| Q2 24 | $6.3B | — | ||
| Q1 24 | $6.0B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 0.33× | ||
| 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 | $291.9M | $-4.8M |
| Free Cash FlowOCF − Capex | — | $-5.2M |
| FCF MarginFCF / Revenue | — | -5.3% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 15.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $291.9M | — | ||
| Q3 25 | $-148.1M | $-4.8M | ||
| Q2 25 | $11.8M | $-10.3M | ||
| Q1 25 | $116.2M | — | ||
| Q4 24 | $57.2M | — | ||
| Q3 24 | $97.4M | $6.1M | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $13.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-5.2M | ||
| Q2 25 | — | $-10.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 15.88× | — | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | -1.84× | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBRT
| New Point Holdings JVLLC | $77.3M | 95% |
| Other | $2.1M | 3% |
| Office Building | $1.7M | 2% |
GCL
Segment breakdown not available.
