vs
Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Spire Global, Inc. (SPIR). 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 $15.8M, roughly 1.3× Spire Global, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -176.6%, a 418.9% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -26.9%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
IVR vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.3M | $15.8M |
| Net Profit | $51.5M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | — | -164.1% |
| Net Margin | 242.2% | -176.6% |
| Revenue YoY | 55.4% | -26.9% |
| Net Profit YoY | 1368.7% | 42.7% |
| EPS (diluted) | $0.72 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $17.6M | $12.7M | ||
| Q2 25 | $17.7M | $19.2M | ||
| Q1 25 | $18.8M | $23.9M | ||
| Q4 24 | $13.7M | $21.7M | ||
| Q3 24 | $7.5M | $28.6M | ||
| Q2 24 | $8.6M | $25.4M | ||
| Q1 24 | $7.0M | $34.8M |
| Q4 25 | $51.5M | $-28.0M | ||
| Q3 25 | $53.5M | $-19.7M | ||
| Q2 25 | $-23.3M | $119.6M | ||
| Q1 25 | $19.6M | $-20.7M | ||
| Q4 24 | $3.5M | $-48.8M | ||
| Q3 24 | $40.7M | $-12.5M | ||
| Q2 24 | $-13.5M | $-16.6M | ||
| Q1 24 | $29.1M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | — | -166.1% | ||
| Q2 25 | — | -122.7% | ||
| Q1 25 | — | -106.5% | ||
| Q4 24 | — | -144.1% | ||
| Q3 24 | — | -48.0% | ||
| Q2 24 | — | -48.6% | ||
| Q1 24 | — | -34.4% |
| Q4 25 | 242.2% | -176.6% | ||
| Q3 25 | 303.6% | -155.3% | ||
| Q2 25 | -131.6% | 623.4% | ||
| Q1 25 | 104.4% | -86.5% | ||
| Q4 24 | 25.6% | -225.2% | ||
| Q3 24 | 542.2% | -43.7% | ||
| Q2 24 | -155.9% | -65.2% | ||
| Q1 24 | 415.9% | -73.3% |
| Q4 25 | $0.72 | $-0.85 | ||
| Q3 25 | $0.74 | $-0.61 | ||
| Q2 25 | $-0.40 | $3.72 | ||
| Q1 25 | $0.26 | $-0.77 | ||
| Q4 24 | $-0.09 | $-1.93 | ||
| Q3 24 | $0.63 | $-0.50 | ||
| Q2 24 | $-0.38 | $-0.68 | ||
| Q1 24 | $0.49 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $797.5M | $112.9M |
| Total Assets | $6.5B | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.0M | $81.8M | ||
| Q3 25 | $58.5M | $96.8M | ||
| Q2 25 | $59.4M | $117.6M | ||
| Q1 25 | $42.9M | $35.9M | ||
| Q4 24 | $73.4M | $19.2M | ||
| Q3 24 | $48.3M | $36.6M | ||
| Q2 24 | $58.8M | $45.8M | ||
| Q1 24 | $59.9M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $797.5M | $112.9M | ||
| Q3 25 | $769.6M | $133.1M | ||
| Q2 25 | $709.4M | $149.2M | ||
| Q1 25 | $759.2M | $3.7M | ||
| Q4 24 | $730.7M | $-11.7M | ||
| Q3 24 | $857.0M | $30.8M | ||
| Q2 24 | $759.2M | $40.3M | ||
| Q1 24 | $785.6M | $52.5M |
| Q4 25 | $6.5B | $211.0M | ||
| Q3 25 | $6.0B | $224.3M | ||
| Q2 25 | $5.4B | $239.5M | ||
| Q1 25 | $6.2B | $208.8M | ||
| Q4 24 | $5.7B | $193.6M | ||
| Q3 24 | $6.1B | $224.2M | ||
| Q2 24 | $5.1B | $230.8M | ||
| Q1 24 | $5.2B | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | 3.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $-4.3M | ||
| Q3 25 | $37.3M | $-12.0M | ||
| Q2 25 | $40.6M | $-35.1M | ||
| Q1 25 | $19.3M | $-8.4M | ||
| Q4 24 | $183.2M | $-19.2M | ||
| Q3 24 | $30.8M | $14.0M | ||
| Q2 24 | $33.0M | $-4.4M | ||
| Q1 24 | $57.5M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | 3.05× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | — | -0.29× | ||
| 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.
