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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $21.3M, roughly 1.1× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -677.3%, a 919.6% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 15.7%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 8.9%).

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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

IVR vs NEN — Head-to-Head

Bigger by revenue
NEN
NEN
1.1× larger
NEN
$23.6M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+39.7% gap
IVR
55.4%
15.7%
NEN
Higher net margin
IVR
IVR
919.6% more per $
IVR
242.2%
-677.3%
NEN
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
NEN
NEN
Revenue
$21.3M
$23.6M
Net Profit
$51.5M
$-1.4M
Gross Margin
Operating Margin
14.0%
Net Margin
242.2%
-677.3%
Revenue YoY
55.4%
15.7%
Net Profit YoY
1368.7%
-133.0%
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.

Revenue
IVR
IVR
NEN
NEN
Q4 25
$21.3M
$23.6M
Q3 25
$17.6M
$23.7M
Q2 25
$17.7M
$21.2M
Q1 25
$18.8M
$20.7M
Q4 24
$13.7M
$20.4M
Q3 24
$7.5M
$20.2M
Q2 24
$8.6M
$20.1M
Q1 24
$7.0M
$19.9M
Net Profit
IVR
IVR
NEN
NEN
Q4 25
$51.5M
$-1.4M
Q3 25
$53.5M
$-521.8K
Q2 25
$-23.3M
$4.1M
Q1 25
$19.6M
$3.8M
Q4 24
$3.5M
$4.2M
Q3 24
$40.7M
$3.9M
Q2 24
$-13.5M
$4.1M
Q1 24
$29.1M
$3.5M
Operating Margin
IVR
IVR
NEN
NEN
Q4 25
14.0%
Q3 25
20.0%
Q2 25
33.3%
Q1 25
30.1%
Q4 24
32.4%
Q3 24
32.0%
Q2 24
32.6%
Q1 24
28.9%
Net Margin
IVR
IVR
NEN
NEN
Q4 25
242.2%
-677.3%
Q3 25
303.6%
-2.2%
Q2 25
-131.6%
19.5%
Q1 25
104.4%
18.3%
Q4 24
25.6%
20.7%
Q3 24
542.2%
19.3%
Q2 24
-155.9%
20.3%
Q1 24
415.9%
17.4%
EPS (diluted)
IVR
IVR
NEN
NEN
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
Q4 24
$-0.09
Q3 24
$0.63
Q2 24
$-0.38
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$56.0M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$797.5M
Total Assets
$6.5B
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
NEN
NEN
Q4 25
$56.0M
$26.7M
Q3 25
$58.5M
$13.4M
Q2 25
$59.4M
$16.7M
Q1 25
$42.9M
$30.9M
Q4 24
$73.4M
$17.6M
Q3 24
$48.3M
$15.1M
Q2 24
$58.8M
$13.5M
Q1 24
$59.9M
$28.8M
Total Debt
IVR
IVR
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
IVR
IVR
NEN
NEN
Q4 25
$797.5M
Q3 25
$769.6M
Q2 25
$709.4M
Q1 25
$759.2M
Q4 24
$730.7M
Q3 24
$857.0M
Q2 24
$759.2M
Q1 24
$785.6M
Total Assets
IVR
IVR
NEN
NEN
Q4 25
$6.5B
$505.3M
Q3 25
$6.0B
$492.9M
Q2 25
$5.4B
$494.8M
Q1 25
$6.2B
$385.2M
Q4 24
$5.7B
$393.5M
Q3 24
$6.1B
$387.4M
Q2 24
$5.1B
$383.7M
Q1 24
$5.2B
$381.2M

Cash Flow & Capital Efficiency

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

Metric
IVR
IVR
NEN
NEN
Operating Cash FlowLast quarter
$157.1M
$27.7M
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.

Operating Cash Flow
IVR
IVR
NEN
NEN
Q4 25
$157.1M
$27.7M
Q3 25
$37.3M
$2.3M
Q2 25
$40.6M
$12.5M
Q1 25
$19.3M
$5.5M
Q4 24
$183.2M
$31.9M
Q3 24
$30.8M
$8.5M
Q2 24
$33.0M
$5.4M
Q1 24
$57.5M
$6.1M
Cash Conversion
IVR
IVR
NEN
NEN
Q4 25
3.05×
Q3 25
0.70×
Q2 25
3.02×
Q1 25
0.98×
1.44×
Q4 24
52.24×
7.57×
Q3 24
0.76×
2.17×
Q2 24
1.32×
Q1 24
1.97×
1.77×

Financial Flow Comparison

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

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