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Side-by-side financial comparison of Granite Point Mortgage Trust Inc. (GPMT) and TANDY LEATHER FACTORY INC (TLF). Click either name above to swap in a different company.

Granite Point Mortgage Trust Inc. is the larger business by last-quarter revenue ($29.1M vs $22.3M, roughly 1.3× TANDY LEATHER FACTORY INC). TANDY LEATHER FACTORY INC runs the higher net margin — -4.2% vs -81.9%, a 77.7% gap on every dollar of revenue. On growth, TANDY LEATHER FACTORY INC posted the faster year-over-year revenue change (8.7% vs -24.9%). Over the past eight quarters, Granite Point Mortgage Trust Inc.'s revenue compounded faster (52.3% CAGR vs 7.4%).

Granite Point Mortgage Trust Inc. is a U.S.-based real estate finance company that primarily originates, manages and invests in senior secured commercial real estate debt instruments. Its core portfolio covers loans backed by multifamily, office, industrial, retail and other commercial property types across key U.S. regional markets, serving institutional and commercial real estate operator clients.

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

GPMT vs TLF — Head-to-Head

Bigger by revenue
GPMT
GPMT
1.3× larger
GPMT
$29.1M
$22.3M
TLF
Growing faster (revenue YoY)
TLF
TLF
+33.6% gap
TLF
8.7%
-24.9%
GPMT
Higher net margin
TLF
TLF
77.7% more per $
TLF
-4.2%
-81.9%
GPMT
Faster 2-yr revenue CAGR
GPMT
GPMT
Annualised
GPMT
52.3%
7.4%
TLF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPMT
GPMT
TLF
TLF
Revenue
$29.1M
$22.3M
Net Profit
$-23.8M
$-930.0K
Gross Margin
54.3%
Operating Margin
-81.9%
-2.8%
Net Margin
-81.9%
-4.2%
Revenue YoY
-24.9%
8.7%
Net Profit YoY
38.7%
-379.3%
EPS (diluted)
$-0.58
$-0.18

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
GPMT
GPMT
TLF
TLF
Q4 25
$29.1M
$22.3M
Q3 25
$33.7M
$17.3M
Q2 25
$33.8M
$17.8M
Q1 25
$35.1M
$19.0M
Q4 24
$38.7M
$20.5M
Q3 24
$44.3M
$17.4M
Q2 24
$48.5M
$17.3M
Q1 24
$12.5M
$19.3M
Net Profit
GPMT
GPMT
TLF
TLF
Q4 25
$-23.8M
$-930.0K
Q3 25
$3.0M
$-1.4M
Q2 25
$-13.4M
$-199.0K
Q1 25
$-7.0M
$11.6M
Q4 24
$-38.8M
$333.0K
Q3 24
$-31.0M
$-132.0K
Q2 24
$-63.1M
$101.0K
Q1 24
$-74.1M
$525.0K
Gross Margin
GPMT
GPMT
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
59.5%
Q1 25
56.3%
Q4 24
53.0%
Q3 24
57.8%
Q2 24
58.0%
Q1 24
56.7%
Operating Margin
GPMT
GPMT
TLF
TLF
Q4 25
-81.9%
-2.8%
Q3 25
9.2%
-3.9%
Q2 25
-39.5%
0.4%
Q1 25
-19.8%
1.4%
Q4 24
-100.3%
0.9%
Q3 24
-70.0%
-1.5%
Q2 24
-130.1%
0.4%
Q1 24
-591.9%
3.4%
Net Margin
GPMT
GPMT
TLF
TLF
Q4 25
-81.9%
-4.2%
Q3 25
9.0%
-7.8%
Q2 25
-39.5%
-1.1%
Q1 25
-20.0%
60.8%
Q4 24
-100.3%
1.6%
Q3 24
-70.0%
-0.8%
Q2 24
-130.1%
0.6%
Q1 24
-591.9%
2.7%
EPS (diluted)
GPMT
GPMT
TLF
TLF
Q4 25
$-0.58
$-0.18
Q3 25
$-0.01
$-0.17
Q2 25
$-0.35
$-0.02
Q1 25
$-0.22
$1.47
Q4 24
$-0.86
$0.04
Q3 24
$-0.69
$-0.02
Q2 24
$-1.31
$0.01
Q1 24
$-1.53
$0.06

Balance Sheet & Financial Strength

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

Metric
GPMT
GPMT
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$66.0M
$16.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$552.7M
$52.6M
Total Assets
$1.8B
$86.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GPMT
GPMT
TLF
TLF
Q4 25
$66.0M
$16.1M
Q3 25
$62.7M
$12.0M
Q2 25
$85.1M
$16.4M
Q1 25
$85.7M
$23.6M
Q4 24
$87.8M
$13.3M
Q3 24
$113.5M
$10.1M
Q2 24
$85.9M
$11.5M
Q1 24
$155.2M
$12.3M
Stockholders' Equity
GPMT
GPMT
TLF
TLF
Q4 25
$552.7M
$52.6M
Q3 25
$582.0M
$53.4M
Q2 25
$584.2M
$56.1M
Q1 25
$604.7M
$55.8M
Q4 24
$619.1M
$57.2M
Q3 24
$667.8M
$57.6M
Q2 24
$704.6M
$57.5M
Q1 24
$774.1M
$57.2M
Total Assets
GPMT
GPMT
TLF
TLF
Q4 25
$1.8B
$86.6M
Q3 25
$1.8B
$84.5M
Q2 25
$1.9B
$76.5M
Q1 25
$2.0B
$77.9M
Q4 24
$2.1B
$74.9M
Q3 24
$2.3B
$73.0M
Q2 24
$2.5B
$72.8M
Q1 24
$2.7B
$72.4M

Cash Flow & Capital Efficiency

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

Metric
GPMT
GPMT
TLF
TLF
Operating Cash FlowLast quarter
$2.7M
$5.0M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GPMT
GPMT
TLF
TLF
Q4 25
$2.7M
$5.0M
Q3 25
$4.5M
$-1.0M
Q2 25
$736.0K
$-4.0M
Q1 25
$-5.7M
$-536.0K
Q4 24
$8.8M
$4.5M
Q3 24
$6.1M
$-535.0K
Q2 24
$987.0K
$-514.0K
Q1 24
$1.7M
$1.1M
Free Cash Flow
GPMT
GPMT
TLF
TLF
Q4 25
$4.0M
Q3 25
$-3.0M
Q2 25
$-7.3M
Q1 25
$-1.9M
Q4 24
$3.8M
Q3 24
$-1.4M
Q2 24
$-715.0K
Q1 24
$-141.0K
FCF Margin
GPMT
GPMT
TLF
TLF
Q4 25
18.1%
Q3 25
-17.2%
Q2 25
-41.0%
Q1 25
-9.8%
Q4 24
18.8%
Q3 24
-8.2%
Q2 24
-4.1%
Q1 24
-0.7%
Capex Intensity
GPMT
GPMT
TLF
TLF
Q4 25
4.3%
Q3 25
11.2%
Q2 25
18.7%
Q1 25
7.0%
Q4 24
3.3%
Q3 24
5.1%
Q2 24
1.2%
Q1 24
6.4%
Cash Conversion
GPMT
GPMT
TLF
TLF
Q4 25
Q3 25
1.49×
Q2 25
Q1 25
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

Financial Flow Comparison

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

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