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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $81.1M, roughly 1.4× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -0.7%, a 23.4% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs 0.6%). Over the past eight quarters, Franklin BSP Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
FBRT vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.1M | $111.7M |
| Net Profit | $18.4M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | — | 3.6% |
| Net Margin | 22.7% | -0.7% |
| Revenue YoY | 25.8% | 0.6% |
| Net Profit YoY | -39.1% | 92.3% |
| EPS (diluted) | $0.13 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $89.5M | $115.0M | ||
| Q2 25 | $49.3M | $112.2M | ||
| Q1 25 | $50.1M | $110.1M | ||
| Q4 24 | $64.5M | $111.0M | ||
| Q3 24 | $54.0M | $117.1M | ||
| Q2 24 | $50.9M | $123.7M | ||
| Q1 24 | $54.0M | $122.2M |
| Q4 25 | $18.4M | $-835.0K | ||
| Q3 25 | $17.3M | $-9.8M | ||
| Q2 25 | $23.2M | $-9.5M | ||
| Q1 25 | $24.1M | $-12.8M | ||
| Q4 24 | $30.2M | $-10.8M | ||
| Q3 24 | $31.6M | $-2.6M | ||
| Q2 24 | $-2.2M | $7.0M | ||
| Q1 24 | $35.9M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -10.6% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | — | -2.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | 22.7% | -0.7% | ||
| Q3 25 | 19.3% | -8.5% | ||
| Q2 25 | 47.1% | -8.5% | ||
| Q1 25 | 48.0% | -11.7% | ||
| Q4 24 | 46.8% | -9.7% | ||
| Q3 24 | 58.5% | -2.2% | ||
| Q2 24 | -4.3% | 5.7% | ||
| Q1 24 | 66.6% | -5.3% |
| Q4 25 | $0.13 | $-0.03 | ||
| Q3 25 | $0.12 | $-0.11 | ||
| Q2 25 | $0.19 | $-0.10 | ||
| Q1 25 | $0.20 | $-0.13 | ||
| Q4 24 | $0.28 | $-0.10 | ||
| Q3 24 | $0.30 | $-0.03 | ||
| Q2 24 | $-0.11 | $0.07 | ||
| Q1 24 | $0.35 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $-77.2M |
| Total Assets | $6.1B | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.3M | $188.0M | ||
| Q3 25 | $116.7M | $211.8M | ||
| Q2 25 | $414.1M | $203.5M | ||
| Q1 25 | $215.4M | $221.1M | ||
| Q4 24 | $184.4M | $218.4M | ||
| Q3 24 | $346.2M | $225.6M | ||
| Q2 24 | $94.8M | $271.7M | ||
| Q1 24 | $240.0M | $282.5M |
| Q4 25 | $1.4B | $-77.2M | ||
| Q3 25 | $1.5B | $-76.1M | ||
| Q2 25 | $1.5B | $-65.9M | ||
| Q1 25 | $1.5B | $-11.3M | ||
| Q4 24 | $1.5B | $13.4M | ||
| Q3 24 | $1.5B | $13.6M | ||
| Q2 24 | $1.5B | $24.4M | ||
| Q1 24 | $1.6B | $12.7M |
| Q4 25 | $6.1B | $569.7M | ||
| Q3 25 | $6.2B | $573.6M | ||
| Q2 25 | $5.6B | $592.4M | ||
| Q1 25 | $5.7B | $629.4M | ||
| Q4 24 | $6.0B | $664.1M | ||
| Q3 24 | $6.3B | $652.0M | ||
| Q2 24 | $6.3B | $665.3M | ||
| Q1 24 | $6.0B | $662.4M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.6M |
| FCF MarginFCF / Revenue | — | 6.8% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 15.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $291.9M | $7.7M | ||
| Q3 25 | $-148.1M | $2.6M | ||
| Q2 25 | $11.8M | $10.5M | ||
| Q1 25 | $116.2M | $-9.9M | ||
| Q4 24 | $57.2M | $12.5M | ||
| Q3 24 | $97.4M | $9.3M | ||
| Q2 24 | $1.9M | $21.9M | ||
| Q1 24 | $13.0M | $2.0M |
| Q4 25 | — | $7.6M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | — | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 15.88× | — | ||
| Q3 25 | -8.56× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 4.83× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 3.08× | — | ||
| Q2 24 | — | 3.12× | ||
| 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% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
