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Side-by-side financial comparison of FRP HOLDINGS, INC. (FRPH) 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 $10.9M, roughly 1.9× FRP HOLDINGS, INC.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 1.3%, a 241.0% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 3.6%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 3.8%).

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

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.

FRPH vs IVR — Head-to-Head

Bigger by revenue
IVR
IVR
1.9× larger
IVR
$21.3M
$10.9M
FRPH
Growing faster (revenue YoY)
IVR
IVR
+51.8% gap
IVR
55.4%
3.6%
FRPH
Higher net margin
IVR
IVR
241.0% more per $
IVR
242.2%
1.3%
FRPH
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
3.8%
FRPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRPH
FRPH
IVR
IVR
Revenue
$10.9M
$21.3M
Net Profit
$139.0K
$51.5M
Gross Margin
Operating Margin
15.4%
Net Margin
1.3%
242.2%
Revenue YoY
3.6%
55.4%
Net Profit YoY
-91.8%
1368.7%
EPS (diluted)
$0.03
$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
FRPH
FRPH
IVR
IVR
Q4 25
$10.9M
$21.3M
Q3 25
$10.8M
$17.6M
Q2 25
$10.8M
$17.7M
Q1 25
$10.3M
$18.8M
Q4 24
$10.5M
$13.7M
Q3 24
$10.6M
$7.5M
Q2 24
$10.5M
$8.6M
Q1 24
$10.1M
$7.0M
Net Profit
FRPH
FRPH
IVR
IVR
Q4 25
$139.0K
$51.5M
Q3 25
$662.0K
$53.5M
Q2 25
$578.0K
$-23.3M
Q1 25
$1.7M
$19.6M
Q4 24
$1.7M
$3.5M
Q3 24
$1.4M
$40.7M
Q2 24
$2.0M
$-13.5M
Q1 24
$1.3M
$29.1M
Operating Margin
FRPH
FRPH
IVR
IVR
Q4 25
15.4%
Q3 25
12.6%
Q2 25
15.3%
Q1 25
22.6%
Q4 24
27.7%
Q3 24
29.0%
Q2 24
26.9%
Q1 24
28.4%
Net Margin
FRPH
FRPH
IVR
IVR
Q4 25
1.3%
242.2%
Q3 25
6.1%
303.6%
Q2 25
5.3%
-131.6%
Q1 25
16.6%
104.4%
Q4 24
16.0%
25.6%
Q3 24
12.8%
542.2%
Q2 24
19.5%
-155.9%
Q1 24
12.8%
415.9%
EPS (diluted)
FRPH
FRPH
IVR
IVR
Q4 25
$0.03
$0.72
Q3 25
$0.03
$0.74
Q2 25
$0.03
$-0.40
Q1 25
$0.09
$0.26
Q4 24
$0.09
$-0.09
Q3 24
$0.07
$0.63
Q2 24
$0.11
$-0.38
Q1 24
$0.07
$0.49

Balance Sheet & Financial Strength

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

Metric
FRPH
FRPH
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$56.0M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$428.5M
$797.5M
Total Assets
$735.1M
$6.5B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
IVR
IVR
Q4 25
$56.0M
Q3 25
$134.9M
$58.5M
Q2 25
$153.2M
$59.4M
Q1 25
$142.9M
$42.9M
Q4 24
$148.6M
$73.4M
Q3 24
$144.7M
$48.3M
Q2 24
$156.9M
$58.8M
Q1 24
$152.5M
$59.9M
Total Debt
FRPH
FRPH
IVR
IVR
Q4 25
$192.6M
Q3 25
$185.3M
Q2 25
$180.4M
Q1 25
$178.3M
Q4 24
$178.9M
Q3 24
$178.8M
Q2 24
$178.8M
Q1 24
$178.7M
Stockholders' Equity
FRPH
FRPH
IVR
IVR
Q4 25
$428.5M
$797.5M
Q3 25
$427.7M
$769.6M
Q2 25
$426.7M
$709.4M
Q1 25
$425.2M
$759.2M
Q4 24
$423.1M
$730.7M
Q3 24
$420.9M
$857.0M
Q2 24
$419.1M
$759.2M
Q1 24
$416.1M
$785.6M
Total Assets
FRPH
FRPH
IVR
IVR
Q4 25
$735.1M
$6.5B
Q3 25
$731.3M
$6.0B
Q2 25
$722.8M
$5.4B
Q1 25
$717.1M
$6.2B
Q4 24
$728.5M
$5.7B
Q3 24
$726.9M
$6.1B
Q2 24
$711.9M
$5.1B
Q1 24
$705.7M
$5.2B
Debt / Equity
FRPH
FRPH
IVR
IVR
Q4 25
0.45×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
FRPH
FRPH
IVR
IVR
Operating Cash FlowLast quarter
$29.7M
$157.1M
Free Cash FlowOCF − Capex
$-21.5M
FCF MarginFCF / Revenue
-196.6%
Capex IntensityCapex / Revenue
468.5%
Cash ConversionOCF / Net Profit
213.50×
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
IVR
IVR
Q4 25
$29.7M
$157.1M
Q3 25
$8.1M
$37.3M
Q2 25
$8.7M
$40.6M
Q1 25
$4.5M
$19.3M
Q4 24
$29.0M
$183.2M
Q3 24
$6.3M
$30.8M
Q2 24
$12.2M
$33.0M
Q1 24
$2.9M
$57.5M
Free Cash Flow
FRPH
FRPH
IVR
IVR
Q4 25
$-21.5M
Q3 25
$-16.9M
Q2 25
$2.6M
Q1 25
$1.4M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$5.9M
Q1 24
$-3.3M
FCF Margin
FRPH
FRPH
IVR
IVR
Q4 25
-196.6%
Q3 25
-157.0%
Q2 25
24.0%
Q1 25
13.6%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
56.0%
Q1 24
-32.6%
Capex Intensity
FRPH
FRPH
IVR
IVR
Q4 25
468.5%
Q3 25
232.0%
Q2 25
55.9%
Q1 25
30.1%
Q4 24
486.1%
Q3 24
325.1%
Q2 24
60.3%
Q1 24
61.2%
Cash Conversion
FRPH
FRPH
IVR
IVR
Q4 25
213.50×
3.05×
Q3 25
12.21×
0.70×
Q2 25
15.00×
Q1 25
2.63×
0.98×
Q4 24
17.18×
52.24×
Q3 24
4.65×
0.76×
Q2 24
5.96×
Q1 24
2.23×
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

IVR
IVR

Segment breakdown not available.

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