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Side-by-side financial comparison of INSPIRE VETERINARY PARTNERS, INC. (IVP) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $4.3M, roughly 1.6× INSPIRE VETERINARY PARTNERS, INC.). INSPIRE VETERINARY PARTNERS, INC. runs the higher net margin — -58.5% vs -150.2%, a 91.7% gap on every dollar of revenue. On growth, INSPIRE VETERINARY PARTNERS, INC. posted the faster year-over-year revenue change (6.6% vs -37.4%). Over the past eight quarters, INSPIRE VETERINARY PARTNERS, INC.'s revenue compounded faster (2.4% CAGR vs -31.3%).

Inspire Veterinary Partners, Inc. is a U.S.-based operator of companion animal veterinary clinics. It delivers full-spectrum pet healthcare services including preventive care, diagnostic testing, surgery, dental care, and emergency treatment for dogs, cats and other small pets, serving communities across multiple U.S. states.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

IVP vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.6× larger
TPTA
$7.1M
$4.3M
IVP
Growing faster (revenue YoY)
IVP
IVP
+44.0% gap
IVP
6.6%
-37.4%
TPTA
Higher net margin
IVP
IVP
91.7% more per $
IVP
-58.5%
-150.2%
TPTA
Faster 2-yr revenue CAGR
IVP
IVP
Annualised
IVP
2.4%
-31.3%
TPTA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IVP
IVP
TPTA
TPTA
Revenue
$4.3M
$7.1M
Net Profit
$-2.5M
$-10.6M
Gross Margin
Operating Margin
-45.6%
-48.8%
Net Margin
-58.5%
-150.2%
Revenue YoY
6.6%
-37.4%
Net Profit YoY
27.6%
32.0%
EPS (diluted)
$-0.43

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
IVP
IVP
TPTA
TPTA
Q4 25
$7.1M
Q3 25
$4.3M
$7.3M
Q2 25
$4.3M
$8.6M
Q1 25
$3.6M
$12.5M
Q4 24
$3.3M
$11.3M
Q3 24
$4.0M
$12.2M
Q2 24
$4.4M
$11.2M
Q1 24
$4.8M
$15.0M
Net Profit
IVP
IVP
TPTA
TPTA
Q4 25
$-10.6M
Q3 25
$-2.5M
$-6.7M
Q2 25
$-3.0M
$-9.2M
Q1 25
$-2.4M
$-1.3M
Q4 24
$-4.0M
$-15.6M
Q3 24
$-3.5M
$-7.8M
Q2 24
$-3.4M
$-7.5M
Q1 24
$-3.4M
$-6.2M
Operating Margin
IVP
IVP
TPTA
TPTA
Q4 25
-48.8%
Q3 25
-45.6%
6.7%
Q2 25
-61.1%
-28.4%
Q1 25
-55.2%
32.8%
Q4 24
-46.2%
-72.3%
Q3 24
-55.2%
54.1%
Q2 24
-54.5%
6.3%
Q1 24
-59.2%
32.0%
Net Margin
IVP
IVP
TPTA
TPTA
Q4 25
-150.2%
Q3 25
-58.5%
-92.4%
Q2 25
-70.8%
-106.5%
Q1 25
-66.4%
-10.3%
Q4 24
-119.4%
-138.3%
Q3 24
-86.2%
-63.9%
Q2 24
-77.1%
-67.5%
Q1 24
-70.8%
-41.2%
EPS (diluted)
IVP
IVP
TPTA
TPTA
Q4 25
$-0.43
Q3 25
$-0.28
Q2 25
$-0.38
Q1 25
$-0.05
Q4 24
$-0.65
Q3 24
$-0.32
Q2 24
$-0.31
Q1 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
IVP
IVP
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$33.2M
Total DebtLower is stronger
$11.8M
$178.9M
Stockholders' EquityBook value
$4.2M
$146.5M
Total Assets
$24.0M
$351.5M
Debt / EquityLower = less leverage
2.82×
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVP
IVP
TPTA
TPTA
Q4 25
$33.2M
Q3 25
$17.4M
Q2 25
$5.9M
Q1 25
$11.9M
Q4 24
$523.7K
$8.6M
Q3 24
$681.2K
$21.2M
Q2 24
$7.7K
$18.9M
Q1 24
$69.1K
$17.9M
Total Debt
IVP
IVP
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$11.8M
$211.9M
Q2 25
$12.0M
$260.2M
Q1 25
$11.5M
$286.7M
Q4 24
$12.0M
$326.1M
Q3 24
$12.4M
$312.9M
Q2 24
$14.6M
$383.8M
Q1 24
$377.6M
Stockholders' Equity
IVP
IVP
TPTA
TPTA
Q4 25
$146.5M
Q3 25
$4.2M
$159.7M
Q2 25
$446.3K
$168.5M
Q1 25
$3.0M
$179.9M
Q4 24
$1.6M
$185.7M
Q3 24
$3.0M
$206.2M
Q2 24
$-3.1M
$218.6M
Q1 24
$269.9K
$230.5M
Total Assets
IVP
IVP
TPTA
TPTA
Q4 25
$351.5M
Q3 25
$24.0M
$398.1M
Q2 25
$20.8M
$459.3M
Q1 25
$20.7M
$495.2M
Q4 24
$20.2M
$542.8M
Q3 24
$22.4M
$546.8M
Q2 24
$21.9M
$634.4M
Q1 24
$23.4M
$640.2M
Debt / Equity
IVP
IVP
TPTA
TPTA
Q4 25
1.22×
Q3 25
2.82×
1.33×
Q2 25
26.96×
1.54×
Q1 25
3.84×
1.59×
Q4 24
7.67×
1.76×
Q3 24
4.10×
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

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

Metric
IVP
IVP
TPTA
TPTA
Operating Cash FlowLast quarter
$-1.3M
$1.9M
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-30.7%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVP
IVP
TPTA
TPTA
Q4 25
$1.9M
Q3 25
$-1.3M
$-4.3M
Q2 25
$-898.3K
$1.2M
Q1 25
$-1.4M
$861.6K
Q4 24
$-677.5K
$-3.3M
Q3 24
$-6.3M
$1.7M
Q2 24
$149.7K
$-3.1M
Q1 24
$-3.2M
$-4.2M
Free Cash Flow
IVP
IVP
TPTA
TPTA
Q4 25
Q3 25
$-1.3M
Q2 25
$-910.9K
Q1 25
$-1.4M
Q4 24
$-709.4K
Q3 24
$-6.3M
Q2 24
$126.0K
Q1 24
$-3.3M
FCF Margin
IVP
IVP
TPTA
TPTA
Q4 25
Q3 25
-30.7%
Q2 25
-21.3%
Q1 25
-38.3%
Q4 24
-21.4%
Q3 24
-156.4%
Q2 24
2.9%
Q1 24
-68.8%
Capex Intensity
IVP
IVP
TPTA
TPTA
Q4 25
Q3 25
1.0%
Q2 25
0.3%
Q1 25
0.6%
Q4 24
1.0%
0.0%
Q3 24
0.6%
Q2 24
0.5%
Q1 24
3.2%

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVP
IVP

Services$3.1M73%
Products$1.2M27%

TPTA
TPTA

Segment breakdown not available.

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