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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Americas Gold & Silver Corp (USAS). 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 $19.1M, roughly 1.1× Americas Gold & Silver Corp). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -82.3%, a 324.6% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -28.0%).
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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
IVR vs USAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | ||
|---|---|---|
| Revenue | $21.3M | $19.1M |
| Net Profit | $51.5M | $-15.7M |
| Gross Margin | — | 34.2% |
| Operating Margin | — | — |
| Net Margin | 242.2% | -82.3% |
| Revenue YoY | 55.4% | -28.0% |
| Net Profit YoY | 1368.7% | 2.8% |
| 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.
| Q4 25 | $21.3M | — | ||
| Q3 25 | $17.6M | $19.1M | ||
| Q2 25 | $17.7M | — | ||
| Q1 25 | $18.8M | — | ||
| Q4 24 | $13.7M | — | ||
| Q3 24 | $7.5M | $26.5M | ||
| Q2 24 | $8.6M | — | ||
| Q1 24 | $7.0M | — |
| Q4 25 | $51.5M | — | ||
| Q3 25 | $53.5M | $-15.7M | ||
| Q2 25 | $-23.3M | — | ||
| Q1 25 | $19.6M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $40.7M | $-16.2M | ||
| Q2 24 | $-13.5M | — | ||
| Q1 24 | $29.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 242.2% | — | ||
| Q3 25 | 303.6% | -82.3% | ||
| Q2 25 | -131.6% | — | ||
| Q1 25 | 104.4% | — | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 542.2% | -60.9% | ||
| Q2 24 | -155.9% | — | ||
| Q1 24 | 415.9% | — |
| Q4 25 | $0.72 | — | ||
| Q3 25 | $0.74 | — | ||
| Q2 25 | $-0.40 | — | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | $0.63 | — | ||
| Q2 24 | $-0.38 | — | ||
| Q1 24 | $0.49 | — |
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 | $39.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $797.5M | $50.2M |
| Total Assets | $6.5B | $234.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.0M | — | ||
| Q3 25 | $58.5M | $39.1M | ||
| Q2 25 | $59.4M | — | ||
| Q1 25 | $42.9M | — | ||
| Q4 24 | $73.4M | — | ||
| Q3 24 | $48.3M | — | ||
| Q2 24 | $58.8M | — | ||
| Q1 24 | $59.9M | — |
| Q4 25 | $797.5M | — | ||
| Q3 25 | $769.6M | $50.2M | ||
| Q2 25 | $709.4M | — | ||
| Q1 25 | $759.2M | — | ||
| Q4 24 | $730.7M | — | ||
| Q3 24 | $857.0M | $53.1M | ||
| Q2 24 | $759.2M | — | ||
| Q1 24 | $785.6M | — |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.0B | $234.7M | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.1B | — | ||
| Q1 24 | $5.2B | — |
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 | $-12.5M |
| Free Cash FlowOCF − Capex | — | $-41.3M |
| FCF MarginFCF / Revenue | — | -216.5% |
| Capex IntensityCapex / Revenue | — | 150.8% |
| Cash ConversionOCF / Net Profit | 3.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | — | ||
| Q3 25 | $37.3M | $-12.5M | ||
| Q2 25 | $40.6M | — | ||
| Q1 25 | $19.3M | — | ||
| Q4 24 | $183.2M | — | ||
| Q3 24 | $30.8M | $2.4M | ||
| Q2 24 | $33.0M | — | ||
| Q1 24 | $57.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-41.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-11.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -216.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -42.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 150.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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.