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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Entrada Therapeutics, Inc. (TRDA). 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 $20.6M, roughly 1.0× Entrada Therapeutics, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -84.4%, a 326.6% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -65.2%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 6.4%).

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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

IVR vs TRDA — Head-to-Head

Bigger by revenue
IVR
IVR
1.0× larger
IVR
$21.3M
$20.6M
TRDA
Growing faster (revenue YoY)
IVR
IVR
+120.6% gap
IVR
55.4%
-65.2%
TRDA
Higher net margin
IVR
IVR
326.6% more per $
IVR
242.2%
-84.4%
TRDA
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
6.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
IVR
IVR
TRDA
TRDA
Revenue
$21.3M
$20.6M
Net Profit
$51.5M
$-17.3M
Gross Margin
Operating Margin
-106.0%
Net Margin
242.2%
-84.4%
Revenue YoY
55.4%
-65.2%
Net Profit YoY
1368.7%
-173.8%
EPS (diluted)
$0.72
$-0.42

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
TRDA
TRDA
Q4 25
$21.3M
Q3 25
$17.6M
Q2 25
$17.7M
Q1 25
$18.8M
$20.6M
Q4 24
$13.7M
$37.4M
Q3 24
$7.5M
$19.6M
Q2 24
$8.6M
$94.7M
Q1 24
$7.0M
$59.1M
Net Profit
IVR
IVR
TRDA
TRDA
Q4 25
$51.5M
Q3 25
$53.5M
Q2 25
$-23.3M
Q1 25
$19.6M
$-17.3M
Q4 24
$3.5M
$1.1M
Q3 24
$40.7M
$-14.0M
Q2 24
$-13.5M
$55.0M
Q1 24
$29.1M
$23.5M
Operating Margin
IVR
IVR
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-106.0%
Q4 24
-15.7%
Q3 24
-110.7%
Q2 24
56.4%
Q1 24
35.7%
Net Margin
IVR
IVR
TRDA
TRDA
Q4 25
242.2%
Q3 25
303.6%
Q2 25
-131.6%
Q1 25
104.4%
-84.4%
Q4 24
25.6%
3.0%
Q3 24
542.2%
-71.7%
Q2 24
-155.9%
58.1%
Q1 24
415.9%
39.7%
EPS (diluted)
IVR
IVR
TRDA
TRDA
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
$-0.42
Q4 24
$-0.09
$-0.20
Q3 24
$0.63
$-0.35
Q2 24
$-0.38
$1.55
Q1 24
$0.49
$0.68

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$56.0M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$417.3M
Total Assets
$6.5B
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
TRDA
TRDA
Q4 25
$56.0M
Q3 25
$58.5M
Q2 25
$59.4M
Q1 25
$42.9M
$67.8M
Q4 24
$73.4M
$101.2M
Q3 24
$48.3M
$78.0M
Q2 24
$58.8M
$185.3M
Q1 24
$59.9M
$68.4M
Stockholders' Equity
IVR
IVR
TRDA
TRDA
Q4 25
$797.5M
Q3 25
$769.6M
Q2 25
$709.4M
Q1 25
$759.2M
$417.3M
Q4 24
$730.7M
$428.7M
Q3 24
$857.0M
$422.4M
Q2 24
$759.2M
$429.9M
Q1 24
$785.6M
$269.4M
Total Assets
IVR
IVR
TRDA
TRDA
Q4 25
$6.5B
Q3 25
$6.0B
Q2 25
$5.4B
Q1 25
$6.2B
$486.5M
Q4 24
$5.7B
$526.3M
Q3 24
$6.1B
$554.6M
Q2 24
$5.1B
$582.0M
Q1 24
$5.2B
$510.8M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$157.1M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
TRDA
TRDA
Q4 25
$157.1M
Q3 25
$37.3M
Q2 25
$40.6M
Q1 25
$19.3M
$-38.5M
Q4 24
$183.2M
$-31.6M
Q3 24
$30.8M
$-24.3M
Q2 24
$33.0M
$39.8M
Q1 24
$57.5M
$-25.5M
Free Cash Flow
IVR
IVR
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
$-39.7M
Q4 24
$-32.2M
Q3 24
$-24.9M
Q2 24
$38.8M
Q1 24
$-26.4M
FCF Margin
IVR
IVR
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-192.9%
Q4 24
-86.2%
Q3 24
-127.3%
Q2 24
41.0%
Q1 24
-44.6%
Capex Intensity
IVR
IVR
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
5.6%
Q4 24
1.7%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
1.4%
Cash Conversion
IVR
IVR
TRDA
TRDA
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
-27.94×
Q3 24
0.76×
Q2 24
0.72×
Q1 24
1.97×
-1.09×

Financial Flow Comparison

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

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