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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Nurix Therapeutics, Inc. (NRIX). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $13.6M, roughly 1.6× Nurix Therapeutics, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -576.1%, a 818.4% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 2.2%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -9.5%).

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.

Nurix Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel targeted protein degradation therapies for cancer, immune disorders and other serious unmet medical needs. Its core pipeline leverages proprietary E3 ubiquitin ligase modulation technology, with operations primarily based in the United States and collaborative partnerships with global pharmaceutical firms.

IVR vs NRIX — Head-to-Head

Bigger by revenue
IVR
IVR
1.6× larger
IVR
$21.3M
$13.6M
NRIX
Growing faster (revenue YoY)
IVR
IVR
+53.2% gap
IVR
55.4%
2.2%
NRIX
Higher net margin
IVR
IVR
818.4% more per $
IVR
242.2%
-576.1%
NRIX
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-9.5%
NRIX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
NRIX
NRIX
Revenue
$21.3M
$13.6M
Net Profit
$51.5M
$-78.2M
Gross Margin
Operating Margin
-612.0%
Net Margin
242.2%
-576.1%
Revenue YoY
55.4%
2.2%
Net Profit YoY
1368.7%
-33.6%
EPS (diluted)
$0.72
$-0.83

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
NRIX
NRIX
Q4 25
$21.3M
$13.6M
Q3 25
$17.6M
$7.9M
Q2 25
$17.7M
$44.1M
Q1 25
$18.8M
$18.5M
Q4 24
$13.7M
$13.3M
Q3 24
$7.5M
$12.6M
Q2 24
$8.6M
$12.1M
Q1 24
$7.0M
$16.6M
Net Profit
IVR
IVR
NRIX
NRIX
Q4 25
$51.5M
$-78.2M
Q3 25
$53.5M
$-86.4M
Q2 25
$-23.3M
$-43.5M
Q1 25
$19.6M
$-56.4M
Q4 24
$3.5M
$-58.5M
Q3 24
$40.7M
$-49.0M
Q2 24
$-13.5M
$-44.5M
Q1 24
$29.1M
$-41.5M
Operating Margin
IVR
IVR
NRIX
NRIX
Q4 25
-612.0%
Q3 25
-1157.7%
Q2 25
-109.7%
Q1 25
-340.7%
Q4 24
-486.7%
Q3 24
-433.8%
Q2 24
-401.4%
Q1 24
-272.6%
Net Margin
IVR
IVR
NRIX
NRIX
Q4 25
242.2%
-576.1%
Q3 25
303.6%
-1094.8%
Q2 25
-131.6%
-98.7%
Q1 25
104.4%
-305.4%
Q4 24
25.6%
-440.7%
Q3 24
542.2%
-388.9%
Q2 24
-155.9%
-368.4%
Q1 24
415.9%
-250.3%
EPS (diluted)
IVR
IVR
NRIX
NRIX
Q4 25
$0.72
$-0.83
Q3 25
$0.74
$-1.03
Q2 25
$-0.40
$-0.52
Q1 25
$0.26
$-0.67
Q4 24
$-0.09
$-0.74
Q3 24
$0.63
$-0.67
Q2 24
$-0.38
$-0.71
Q1 24
$0.49
$-0.76

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
NRIX
NRIX
Cash + ST InvestmentsLiquidity on hand
$56.0M
$247.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$538.7M
Total Assets
$6.5B
$688.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
NRIX
NRIX
Q4 25
$56.0M
$247.0M
Q3 25
$58.5M
$78.4M
Q2 25
$59.4M
$84.3M
Q1 25
$42.9M
$75.9M
Q4 24
$73.4M
$110.0M
Q3 24
$48.3M
$99.0M
Q2 24
$58.8M
$116.8M
Q1 24
$59.9M
$49.8M
Stockholders' Equity
IVR
IVR
NRIX
NRIX
Q4 25
$797.5M
$538.7M
Q3 25
$769.6M
$372.3M
Q2 25
$709.4M
$447.6M
Q1 25
$759.2M
$480.9M
Q4 24
$730.7M
$527.0M
Q3 24
$857.0M
$376.9M
Q2 24
$759.2M
$370.7M
Q1 24
$785.6M
$168.7M
Total Assets
IVR
IVR
NRIX
NRIX
Q4 25
$6.5B
$688.1M
Q3 25
$6.0B
$522.5M
Q2 25
$5.4B
$591.6M
Q1 25
$6.2B
$615.0M
Q4 24
$5.7B
$669.3M
Q3 24
$6.1B
$513.6M
Q2 24
$5.1B
$511.0M
Q1 24
$5.2B
$312.7M

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
NRIX
NRIX
Operating Cash FlowLast quarter
$157.1M
$-67.8M
Free Cash FlowOCF − Capex
$-73.0M
FCF MarginFCF / Revenue
-537.4%
Capex IntensityCapex / Revenue
37.8%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-263.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
NRIX
NRIX
Q4 25
$157.1M
$-67.8M
Q3 25
$37.3M
$-57.4M
Q2 25
$40.6M
$-63.2M
Q1 25
$19.3M
$-61.1M
Q4 24
$183.2M
$-48.8M
Q3 24
$30.8M
$-42.2M
Q2 24
$33.0M
$-39.7M
Q1 24
$57.5M
$-42.0M
Free Cash Flow
IVR
IVR
NRIX
NRIX
Q4 25
$-73.0M
Q3 25
$-60.1M
Q2 25
$-65.8M
Q1 25
$-64.6M
Q4 24
$-50.9M
Q3 24
$-44.5M
Q2 24
$-41.6M
Q1 24
$-44.8M
FCF Margin
IVR
IVR
NRIX
NRIX
Q4 25
-537.4%
Q3 25
-761.3%
Q2 25
-149.4%
Q1 25
-349.9%
Q4 24
-382.8%
Q3 24
-353.7%
Q2 24
-344.4%
Q1 24
-270.3%
Capex Intensity
IVR
IVR
NRIX
NRIX
Q4 25
37.8%
Q3 25
34.3%
Q2 25
6.1%
Q1 25
18.9%
Q4 24
15.8%
Q3 24
18.6%
Q2 24
16.0%
Q1 24
17.4%
Cash Conversion
IVR
IVR
NRIX
NRIX
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVR
IVR

Segment breakdown not available.

NRIX
NRIX

Pfizer$11.9M88%
Gilead Agreement$1.7M13%

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