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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $21.3M, roughly 1.6× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -18.8%, a 261.0% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -5.6%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -4.2%).
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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
IVR vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.3M | $34.6M |
| Net Profit | $51.5M | $-6.5M |
| Gross Margin | — | 74.9% |
| Operating Margin | — | -23.5% |
| Net Margin | 242.2% | -18.8% |
| Revenue YoY | 55.4% | -5.6% |
| Net Profit YoY | 1368.7% | 26.8% |
| EPS (diluted) | $0.72 | $-0.15 |
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.
| Q4 25 | $21.3M | $34.6M | ||
| Q3 25 | $17.6M | $34.6M | ||
| Q2 25 | $17.7M | $35.3M | ||
| Q1 25 | $18.8M | $34.7M | ||
| Q4 24 | $13.7M | $36.7M | ||
| Q3 24 | $7.5M | $36.3M | ||
| Q2 24 | $8.6M | $37.3M | ||
| Q1 24 | $7.0M | $37.7M |
| Q4 25 | $51.5M | $-6.5M | ||
| Q3 25 | $53.5M | $-6.4M | ||
| Q2 25 | $-23.3M | $-7.3M | ||
| Q1 25 | $19.6M | $-8.7M | ||
| Q4 24 | $3.5M | $-8.9M | ||
| Q3 24 | $40.7M | $-11.4M | ||
| Q2 24 | $-13.5M | $-11.2M | ||
| Q1 24 | $29.1M | $-10.7M |
| Q4 25 | — | 74.9% | ||
| Q3 25 | — | 74.7% | ||
| Q2 25 | — | 75.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.5% | ||
| Q3 24 | — | 74.3% | ||
| Q2 24 | — | 74.5% | ||
| Q1 24 | — | 74.1% |
| Q4 25 | — | -23.5% | ||
| Q3 25 | — | -23.1% | ||
| Q2 25 | — | -26.0% | ||
| Q1 25 | — | -30.1% | ||
| Q4 24 | — | -32.1% | ||
| Q3 24 | — | -36.7% | ||
| Q2 24 | — | -35.0% | ||
| Q1 24 | — | -33.1% |
| Q4 25 | 242.2% | -18.8% | ||
| Q3 25 | 303.6% | -18.4% | ||
| Q2 25 | -131.6% | -20.6% | ||
| Q1 25 | 104.4% | -25.1% | ||
| Q4 24 | 25.6% | -24.2% | ||
| Q3 24 | 542.2% | -31.4% | ||
| Q2 24 | -155.9% | -29.9% | ||
| Q1 24 | 415.9% | -28.4% |
| Q4 25 | $0.72 | $-0.15 | ||
| Q3 25 | $0.74 | $-0.15 | ||
| Q2 25 | $-0.40 | $-0.17 | ||
| Q1 25 | $0.26 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.21 | ||
| Q3 24 | $0.63 | $-0.27 | ||
| Q2 24 | $-0.38 | $-0.27 | ||
| Q1 24 | $0.49 | $-0.26 |
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 | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $797.5M | $139.4M |
| Total Assets | $6.5B | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.0M | $37.0M | ||
| Q3 25 | $58.5M | $47.2M | ||
| Q2 25 | $59.4M | $37.7M | ||
| Q1 25 | $42.9M | $26.8M | ||
| Q4 24 | $73.4M | $14.9M | ||
| Q3 24 | $48.3M | $11.0M | ||
| Q2 24 | $58.8M | $15.5M | ||
| Q1 24 | $59.9M | $18.3M |
| Q4 25 | $797.5M | $139.4M | ||
| Q3 25 | $769.6M | $144.3M | ||
| Q2 25 | $709.4M | $150.0M | ||
| Q1 25 | $759.2M | $153.7M | ||
| Q4 24 | $730.7M | $159.4M | ||
| Q3 24 | $857.0M | $164.9M | ||
| Q2 24 | $759.2M | $170.8M | ||
| Q1 24 | $785.6M | $174.4M |
| Q4 25 | $6.5B | $228.4M | ||
| Q3 25 | $6.0B | $224.8M | ||
| Q2 25 | $5.4B | $235.1M | ||
| Q1 25 | $6.2B | $245.8M | ||
| Q4 24 | $5.7B | $251.0M | ||
| Q3 24 | $6.1B | $250.9M | ||
| Q2 24 | $5.1B | $259.0M | ||
| Q1 24 | $5.2B | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -6.4% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 3.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $-1.1M | ||
| Q3 25 | $37.3M | $2.5M | ||
| Q2 25 | $40.6M | $2.6M | ||
| Q1 25 | $19.3M | $3.4M | ||
| Q4 24 | $183.2M | $985.0K | ||
| Q3 24 | $30.8M | $295.0K | ||
| Q2 24 | $33.0M | $1.4M | ||
| Q1 24 | $57.5M | $2.1M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $424.0K | ||
| Q3 24 | — | $143.0K | ||
| Q2 24 | — | $898.0K | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | -6.4% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 2.8% |
| 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.
