vs
Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.
GLADSTONE COMMERCIAL CORP is the larger business by last-quarter revenue ($41.9M vs $21.3M, roughly 2.0× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 16.6%, a 225.6% 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 6.3%).
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
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.
GOOD vs IVR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.9M | $21.3M |
| Net Profit | $7.0M | $51.5M |
| Gross Margin | — | — |
| Operating Margin | 160.2% | — |
| Net Margin | 16.6% | 242.2% |
| Revenue YoY | -3.6% | 55.4% |
| Net Profit YoY | 29.5% | 1368.7% |
| EPS (diluted) | — | $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.
| Q1 26 | $41.9M | — | ||
| Q4 25 | $43.5M | $21.3M | ||
| Q3 25 | $40.8M | $17.6M | ||
| Q2 25 | $39.5M | $17.7M | ||
| Q1 25 | $37.5M | $18.8M | ||
| Q4 24 | $37.4M | $13.7M | ||
| Q3 24 | $39.2M | $7.5M | ||
| Q2 24 | $37.1M | $8.6M |
| Q1 26 | $7.0M | — | ||
| Q4 25 | $5.4M | $51.5M | ||
| Q3 25 | $4.1M | $53.5M | ||
| Q2 25 | $4.6M | $-23.3M | ||
| Q1 25 | $5.1M | $19.6M | ||
| Q4 24 | $7.2M | $3.5M | ||
| Q3 24 | $11.7M | $40.7M | ||
| Q2 24 | $1.6M | $-13.5M |
| Q1 26 | 160.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 16.6% | — | ||
| Q4 25 | 12.4% | 242.2% | ||
| Q3 25 | 10.1% | 303.6% | ||
| Q2 25 | 11.7% | -131.6% | ||
| Q1 25 | 13.7% | 104.4% | ||
| Q4 24 | 19.2% | 25.6% | ||
| Q3 24 | 29.8% | 542.2% | ||
| Q2 24 | 4.3% | -155.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.05 | $0.72 | ||
| Q3 25 | $0.02 | $0.74 | ||
| Q2 25 | $0.03 | $-0.40 | ||
| Q1 25 | $0.04 | $0.26 | ||
| Q4 24 | $0.10 | $-0.09 | ||
| Q3 24 | $0.20 | $0.63 | ||
| Q2 24 | $-0.04 | $-0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $56.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $797.5M |
| Total Assets | $1.2B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.8M | $56.0M | ||
| Q3 25 | $18.4M | $58.5M | ||
| Q2 25 | $11.7M | $59.4M | ||
| Q1 25 | $10.4M | $42.9M | ||
| Q4 24 | $11.0M | $73.4M | ||
| Q3 24 | $10.5M | $48.3M | ||
| Q2 24 | $10.4M | $58.8M |
| Q1 26 | — | — | ||
| Q4 25 | $843.5M | — | ||
| Q3 25 | $843.3M | — | ||
| Q2 25 | $794.4M | — | ||
| Q1 25 | $740.7M | — | ||
| Q4 24 | $693.4M | — | ||
| Q3 24 | $692.6M | — | ||
| Q2 24 | $722.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $171.8M | $797.5M | ||
| Q3 25 | $184.8M | $769.6M | ||
| Q2 25 | $177.2M | $709.4M | ||
| Q1 25 | $183.2M | $759.2M | ||
| Q4 24 | $171.2M | $730.7M | ||
| Q3 24 | $168.9M | $857.0M | ||
| Q2 24 | $145.7M | $759.2M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $6.5B | ||
| Q3 25 | $1.3B | $6.0B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | $1.1B | $5.7B | ||
| Q3 24 | $1.1B | $6.1B | ||
| Q2 24 | $1.1B | $5.1B |
| Q1 26 | — | — | ||
| Q4 25 | 4.91× | — | ||
| Q3 25 | 4.56× | — | ||
| Q2 25 | 4.48× | — | ||
| Q1 25 | 4.04× | — | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 4.10× | — | ||
| Q2 24 | 4.96× | — |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $88.2M | $157.1M | ||
| Q3 25 | $18.9M | $37.3M | ||
| Q2 25 | $35.8M | $40.6M | ||
| Q1 25 | $17.7M | $19.3M | ||
| Q4 24 | $57.0M | $183.2M | ||
| Q3 24 | $5.5M | $30.8M | ||
| Q2 24 | $13.6M | $33.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.38× | 3.05× | ||
| Q3 25 | 4.57× | 0.70× | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | 3.44× | 0.98× | ||
| Q4 24 | 7.93× | 52.24× | ||
| Q3 24 | 0.47× | 0.76× | ||
| Q2 24 | 8.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
