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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Venus Concept Inc. (VERO). 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 $13.8M, roughly 1.5× Venus Concept Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -163.8%, a 406.0% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -8.2%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -12.8%).

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.

Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.

IVR vs VERO — Head-to-Head

Bigger by revenue
IVR
IVR
1.5× larger
IVR
$21.3M
$13.8M
VERO
Growing faster (revenue YoY)
IVR
IVR
+63.6% gap
IVR
55.4%
-8.2%
VERO
Higher net margin
IVR
IVR
406.0% more per $
IVR
242.2%
-163.8%
VERO
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-12.8%
VERO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IVR
IVR
VERO
VERO
Revenue
$21.3M
$13.8M
Net Profit
$51.5M
$-22.6M
Gross Margin
64.0%
Operating Margin
-68.9%
Net Margin
242.2%
-163.8%
Revenue YoY
55.4%
-8.2%
Net Profit YoY
1368.7%
-143.0%
EPS (diluted)
$0.72
$-12.14

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
VERO
VERO
Q4 25
$21.3M
Q3 25
$17.6M
$13.8M
Q2 25
$17.7M
$15.7M
Q1 25
$18.8M
$13.6M
Q4 24
$13.7M
$15.8M
Q3 24
$7.5M
$15.0M
Q2 24
$8.6M
$16.6M
Q1 24
$7.0M
$17.5M
Net Profit
IVR
IVR
VERO
VERO
Q4 25
$51.5M
Q3 25
$53.5M
$-22.6M
Q2 25
$-23.3M
$-11.7M
Q1 25
$19.6M
$-12.4M
Q4 24
$3.5M
$-8.0M
Q3 24
$40.7M
$-9.3M
Q2 24
$-13.5M
$-20.0M
Q1 24
$29.1M
$-9.8M
Gross Margin
IVR
IVR
VERO
VERO
Q4 25
Q3 25
64.0%
Q2 25
60.1%
Q1 25
64.2%
Q4 24
69.1%
Q3 24
66.1%
Q2 24
71.5%
Q1 24
66.6%
Operating Margin
IVR
IVR
VERO
VERO
Q4 25
Q3 25
-68.9%
Q2 25
-57.6%
Q1 25
-69.8%
Q4 24
-42.3%
Q3 24
-47.7%
Q2 24
-33.7%
Q1 24
-44.4%
Net Margin
IVR
IVR
VERO
VERO
Q4 25
242.2%
Q3 25
303.6%
-163.8%
Q2 25
-131.6%
-74.7%
Q1 25
104.4%
-90.6%
Q4 24
25.6%
-50.5%
Q3 24
542.2%
-61.9%
Q2 24
-155.9%
-120.3%
Q1 24
415.9%
-56.0%
EPS (diluted)
IVR
IVR
VERO
VERO
Q4 25
$0.72
Q3 25
$0.74
$-12.14
Q2 25
$-0.40
$-8.03
Q1 25
$0.26
$-17.44
Q4 24
$-0.09
$-10.26
Q3 24
$0.63
$-13.10
Q2 24
$-0.38
$-30.93
Q1 24
$0.49
$-16.92

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
VERO
VERO
Cash + ST InvestmentsLiquidity on hand
$56.0M
$4.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$797.5M
$2.7M
Total Assets
$6.5B
$61.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
VERO
VERO
Q4 25
$56.0M
Q3 25
$58.5M
$4.3M
Q2 25
$59.4M
$3.9M
Q1 25
$42.9M
$3.2M
Q4 24
$73.4M
$4.3M
Q3 24
$48.3M
$4.5M
Q2 24
$58.8M
$5.7M
Q1 24
$59.9M
$5.1M
Stockholders' Equity
IVR
IVR
VERO
VERO
Q4 25
$797.5M
Q3 25
$769.6M
$2.7M
Q2 25
$709.4M
$2.3M
Q1 25
$759.2M
$2.3M
Q4 24
$730.7M
$2.4M
Q3 24
$857.0M
$10.1M
Q2 24
$759.2M
$3.7M
Q1 24
$785.6M
$-22.5M
Total Assets
IVR
IVR
VERO
VERO
Q4 25
$6.5B
Q3 25
$6.0B
$61.6M
Q2 25
$5.4B
$63.1M
Q1 25
$6.2B
$63.5M
Q4 24
$5.7B
$68.2M
Q3 24
$6.1B
$72.3M
Q2 24
$5.1B
$79.8M
Q1 24
$5.2B
$85.1M

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
VERO
VERO
Operating Cash FlowLast quarter
$157.1M
$-4.9M
Free Cash FlowOCF − Capex
$-4.9M
FCF MarginFCF / Revenue
-35.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
VERO
VERO
Q4 25
$157.1M
Q3 25
$37.3M
$-4.9M
Q2 25
$40.6M
$-5.4M
Q1 25
$19.3M
$-6.3M
Q4 24
$183.2M
$-3.8M
Q3 24
$30.8M
$-3.0M
Q2 24
$33.0M
$-1.3M
Q1 24
$57.5M
$-2.9M
Free Cash Flow
IVR
IVR
VERO
VERO
Q4 25
Q3 25
$-4.9M
Q2 25
$-5.6M
Q1 25
$-6.3M
Q4 24
$-3.9M
Q3 24
$-3.1M
Q2 24
$-1.4M
Q1 24
$-2.9M
FCF Margin
IVR
IVR
VERO
VERO
Q4 25
Q3 25
-35.6%
Q2 25
-35.8%
Q1 25
-46.5%
Q4 24
-24.7%
Q3 24
-20.3%
Q2 24
-8.2%
Q1 24
-16.6%
Capex Intensity
IVR
IVR
VERO
VERO
Q4 25
Q3 25
0.1%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IVR
IVR
VERO
VERO
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.

Revenue Breakdown by Segment

IVR
IVR

Segment breakdown not available.

VERO
VERO

Products And Services$10.8M79%
Leases$2.9M21%

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