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Side-by-side financial comparison of Greystone Housing Impact Investors LP (GHI) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

Greystone Housing Impact Investors LP is the larger business by last-quarter revenue ($15.0M vs $13.2M, roughly 1.1× TriSalus Life Sciences, Inc.). Greystone Housing Impact Investors LP runs the higher net margin — -38.9% vs -73.9%, a 34.9% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -33.6%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs -18.1%).

Greystone Housing Impact Investors LP is a publicly traded real estate investment partnership focused on acquiring, owning, and managing affordable and workforce multifamily housing properties across the United States. It prioritizes investments that generate stable long-term returns while expanding housing access for low and middle income communities.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

GHI vs TLSI — Head-to-Head

Bigger by revenue
GHI
GHI
1.1× larger
GHI
$15.0M
$13.2M
TLSI
Growing faster (revenue YoY)
TLSI
TLSI
+93.5% gap
TLSI
59.8%
-33.6%
GHI
Higher net margin
GHI
GHI
34.9% more per $
GHI
-38.9%
-73.9%
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
-18.1%
GHI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GHI
GHI
TLSI
TLSI
Revenue
$15.0M
$13.2M
Net Profit
$-5.8M
$-9.8M
Gross Margin
86.7%
Operating Margin
-33.4%
-24.8%
Net Margin
-38.9%
-73.9%
Revenue YoY
-33.6%
59.8%
Net Profit YoY
-157.6%
3.5%
EPS (diluted)
$-0.31
$-0.22

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
GHI
GHI
TLSI
TLSI
Q4 25
$15.0M
$13.2M
Q3 25
$21.7M
$11.6M
Q2 25
$23.6M
$11.2M
Q1 25
$25.1M
$9.2M
Q4 24
$22.6M
$8.3M
Q3 24
$24.3M
$7.3M
Q2 24
$22.0M
$7.4M
Q1 24
$22.4M
$6.5M
Net Profit
GHI
GHI
TLSI
TLSI
Q4 25
$-5.8M
$-9.8M
Q3 25
$2.0M
$-10.8M
Q2 25
$-7.1M
$-8.3M
Q1 25
$3.3M
$-10.4M
Q4 24
$10.1M
$-10.1M
Q3 24
$-4.6M
$-2.4M
Q2 24
$5.2M
$-4.3M
Q1 24
$10.6M
$-13.2M
Gross Margin
GHI
GHI
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
GHI
GHI
TLSI
TLSI
Q4 25
-33.4%
-24.8%
Q3 25
9.1%
-77.9%
Q2 25
-30.0%
-65.4%
Q1 25
13.2%
-79.9%
Q4 24
45.0%
-91.8%
Q3 24
-19.0%
-118.9%
Q2 24
23.6%
-111.0%
Q1 24
47.6%
-180.8%
Net Margin
GHI
GHI
TLSI
TLSI
Q4 25
-38.9%
-73.9%
Q3 25
9.1%
-93.5%
Q2 25
-30.0%
-73.9%
Q1 25
13.2%
-113.2%
Q4 24
44.9%
-122.4%
Q3 24
-19.0%
-32.6%
Q2 24
23.6%
-58.8%
Q1 24
47.6%
-204.5%
EPS (diluted)
GHI
GHI
TLSI
TLSI
Q4 25
$-0.31
$-0.22
Q3 25
$0.03
$-0.96
Q2 25
$-0.35
$-0.27
Q1 25
$0.11
$-0.39
Q4 24
$0.38
$-0.38
Q3 24
$-0.23
$-0.12
Q2 24
$0.19
$-0.21
Q1 24
$0.42
$-0.60

Balance Sheet & Financial Strength

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

Metric
GHI
GHI
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$39.5M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.9M
Total Assets
$1.5B
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHI
GHI
TLSI
TLSI
Q4 25
$39.5M
$20.4M
Q3 25
$36.2M
$22.7M
Q2 25
$47.5M
$26.5M
Q1 25
$51.4M
$13.0M
Q4 24
$14.7M
$8.5M
Q3 24
$37.4M
$11.3M
Q2 24
$34.0M
$16.5M
Q1 24
$56.3M
$4.0M
Stockholders' Equity
GHI
GHI
TLSI
TLSI
Q4 25
$-33.9M
Q3 25
$-26.7M
Q2 25
$-19.4M
Q1 25
$-34.4M
Q4 24
$-25.9M
Q3 24
$-20.4M
Q2 24
$-25.3M
Q1 24
$-36.0M
Total Assets
GHI
GHI
TLSI
TLSI
Q4 25
$1.5B
$35.3M
Q3 25
$1.5B
$36.5M
Q2 25
$1.5B
$41.3M
Q1 25
$1.5B
$28.6M
Q4 24
$1.6B
$24.0M
Q3 24
$1.5B
$27.5M
Q2 24
$1.5B
$32.4M
Q1 24
$1.5B
$17.9M

Cash Flow & Capital Efficiency

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

Metric
GHI
GHI
TLSI
TLSI
Operating Cash FlowLast quarter
$37.5M
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHI
GHI
TLSI
TLSI
Q4 25
$37.5M
$-2.5M
Q3 25
$8.4M
$-3.7M
Q2 25
$10.2M
$-7.3M
Q1 25
$10.3M
$-4.5M
Q4 24
$18.0M
$-5.7M
Q3 24
$4.9M
$-10.8M
Q2 24
$5.1M
$-13.4M
Q1 24
$3.4M
$-10.9M
Free Cash Flow
GHI
GHI
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
GHI
GHI
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
GHI
GHI
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
GHI
GHI
TLSI
TLSI
Q4 25
Q3 25
4.25×
Q2 25
Q1 25
3.11×
Q4 24
1.78×
Q3 24
Q2 24
0.98×
Q1 24
0.32×

Financial Flow Comparison

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

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