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

Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $21.3M, roughly 1.2× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -34.6%, a 276.8% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 29.6%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 34.2%).

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.

Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.

IVR vs OWLT — Head-to-Head

Bigger by revenue
OWLT
OWLT
1.2× larger
OWLT
$26.6M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+25.8% gap
IVR
55.4%
29.6%
OWLT
Higher net margin
IVR
IVR
276.8% more per $
IVR
242.2%
-34.6%
OWLT
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
34.2%
OWLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
OWLT
OWLT
Revenue
$21.3M
$26.6M
Net Profit
$51.5M
$-9.2M
Gross Margin
47.6%
Operating Margin
-18.4%
Net Margin
242.2%
-34.6%
Revenue YoY
55.4%
29.6%
Net Profit YoY
1368.7%
-1.5%
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
OWLT
OWLT
Q4 25
$21.3M
$26.6M
Q3 25
$17.6M
$32.0M
Q2 25
$17.7M
$26.1M
Q1 25
$18.8M
$21.1M
Q4 24
$13.7M
$20.5M
Q3 24
$7.5M
$22.1M
Q2 24
$8.6M
$20.7M
Q1 24
$7.0M
$14.8M
Net Profit
IVR
IVR
OWLT
OWLT
Q4 25
$51.5M
$-9.2M
Q3 25
$53.5M
$4.1M
Q2 25
$-23.3M
$-37.6M
Q1 25
$19.6M
$3.0M
Q4 24
$3.5M
$-9.1M
Q3 24
$40.7M
$-5.6M
Q2 24
$-13.5M
$-1.1M
Q1 24
$29.1M
$3.3M
Gross Margin
IVR
IVR
OWLT
OWLT
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Q1 24
44.4%
Operating Margin
IVR
IVR
OWLT
OWLT
Q4 25
-18.4%
Q3 25
3.8%
Q2 25
-7.4%
Q1 25
-12.7%
Q4 24
-36.2%
Q3 24
-21.8%
Q2 24
-10.8%
Q1 24
-39.0%
Net Margin
IVR
IVR
OWLT
OWLT
Q4 25
242.2%
-34.6%
Q3 25
303.6%
12.9%
Q2 25
-131.6%
-144.4%
Q1 25
104.4%
14.3%
Q4 24
25.6%
-44.2%
Q3 24
542.2%
-25.4%
Q2 24
-155.9%
-5.5%
Q1 24
415.9%
22.2%
EPS (diluted)
IVR
IVR
OWLT
OWLT
Q4 25
$0.72
Q3 25
$0.74
$-0.06
Q2 25
$-0.40
$-2.37
Q1 25
$0.26
$0.11
Q4 24
$-0.09
$-0.15
Q3 24
$0.63
$-0.61
Q2 24
$-0.38
$-0.30
Q1 24
$0.49
$-0.51

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$56.0M
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$19.0M
Total Assets
$6.5B
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
OWLT
OWLT
Q4 25
$56.0M
$35.5M
Q3 25
$58.5M
$23.8M
Q2 25
$59.4M
$21.8M
Q1 25
$42.9M
$16.3M
Q4 24
$73.4M
$20.2M
Q3 24
$48.3M
$21.6M
Q2 24
$58.8M
$15.4M
Q1 24
$59.9M
$18.4M
Total Debt
IVR
IVR
OWLT
OWLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Q1 24
$4.0M
Stockholders' Equity
IVR
IVR
OWLT
OWLT
Q4 25
$797.5M
$19.0M
Q3 25
$769.6M
$-54.1M
Q2 25
$709.4M
$-59.2M
Q1 25
$759.2M
$-25.8M
Q4 24
$730.7M
$-29.8M
Q3 24
$857.0M
$-21.5M
Q2 24
$759.2M
$-33.4M
Q1 24
$785.6M
$-32.9M
Total Assets
IVR
IVR
OWLT
OWLT
Q4 25
$6.5B
$85.6M
Q3 25
$6.0B
$74.9M
Q2 25
$5.4B
$63.5M
Q1 25
$6.2B
$51.4M
Q4 24
$5.7B
$49.5M
Q3 24
$6.1B
$56.1M
Q2 24
$5.1B
$45.9M
Q1 24
$5.2B
$43.8M

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
OWLT
OWLT
Operating Cash FlowLast quarter
$157.1M
$-452.0K
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
OWLT
OWLT
Q4 25
$157.1M
$-452.0K
Q3 25
$37.3M
$-2.2M
Q2 25
$40.6M
$-2.2M
Q1 25
$19.3M
$-5.9M
Q4 24
$183.2M
$3.0M
Q3 24
$30.8M
$-7.5M
Q2 24
$33.0M
$-3.4M
Q1 24
$57.5M
$-3.4M
Free Cash Flow
IVR
IVR
OWLT
OWLT
Q4 25
$-651.0K
Q3 25
$-2.2M
Q2 25
$-2.3M
Q1 25
$-5.9M
Q4 24
$3.0M
Q3 24
$-7.5M
Q2 24
$-3.4M
Q1 24
FCF Margin
IVR
IVR
OWLT
OWLT
Q4 25
-2.5%
Q3 25
-6.8%
Q2 25
-8.8%
Q1 25
-28.1%
Q4 24
14.5%
Q3 24
-33.9%
Q2 24
-16.3%
Q1 24
Capex Intensity
IVR
IVR
OWLT
OWLT
Q4 25
0.7%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
IVR
IVR
OWLT
OWLT
Q4 25
3.05×
Q3 25
0.70×
-0.52×
Q2 25
Q1 25
0.98×
-1.96×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVR
IVR

Segment breakdown not available.

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

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