vs

Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Village Farms International, Inc. (VFF). 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 $12.2M, roughly 1.7× Village Farms International, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 19.9%, a 222.4% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 31.5%).

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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

IVR vs VFF — Head-to-Head

Bigger by revenue
IVR
IVR
1.7× larger
IVR
$21.3M
$12.2M
VFF
Growing faster (revenue YoY)
IVR
IVR
+23.9% gap
IVR
55.4%
31.5%
VFF
Higher net margin
IVR
IVR
222.4% more per $
IVR
242.2%
19.9%
VFF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
VFF
VFF
Revenue
$21.3M
$12.2M
Net Profit
$51.5M
$2.4M
Gross Margin
Operating Margin
Net Margin
242.2%
19.9%
Revenue YoY
55.4%
31.5%
Net Profit YoY
1368.7%
128.2%
EPS (diluted)
$0.72
$0.01

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
VFF
VFF
Q4 25
$21.3M
$12.2M
Q3 25
$17.6M
$66.7M
Q2 25
$17.7M
$59.9M
Q1 25
$18.8M
$77.1M
Q4 24
$13.7M
Q3 24
$7.5M
$54.9M
Q2 24
$8.6M
$53.6M
Q1 24
$7.0M
$78.1M
Net Profit
IVR
IVR
VFF
VFF
Q4 25
$51.5M
$2.4M
Q3 25
$53.5M
$10.2M
Q2 25
$-23.3M
$26.5M
Q1 25
$19.6M
$-6.7M
Q4 24
$3.5M
Q3 24
$40.7M
$-820.0K
Q2 24
$-13.5M
$-23.5M
Q1 24
$29.1M
$-2.9M
Gross Margin
IVR
IVR
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
IVR
IVR
VFF
VFF
Q4 25
Q3 25
23.3%
Q2 25
20.8%
Q1 25
-8.0%
Q4 24
Q3 24
3.8%
Q2 24
-43.5%
Q1 24
-3.0%
Net Margin
IVR
IVR
VFF
VFF
Q4 25
242.2%
19.9%
Q3 25
303.6%
15.3%
Q2 25
-131.6%
44.2%
Q1 25
104.4%
-8.7%
Q4 24
25.6%
Q3 24
542.2%
-1.5%
Q2 24
-155.9%
-43.9%
Q1 24
415.9%
-3.7%
EPS (diluted)
IVR
IVR
VFF
VFF
Q4 25
$0.72
$0.01
Q3 25
$0.74
$0.08
Q2 25
$-0.40
$0.24
Q1 25
$0.26
$-0.06
Q4 24
$-0.09
Q3 24
$0.63
$-0.01
Q2 24
$-0.38
$-0.21
Q1 24
$0.49
$-0.03

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$56.0M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$797.5M
$299.9M
Total Assets
$6.5B
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
VFF
VFF
Q4 25
$56.0M
$81.2M
Q3 25
$58.5M
$82.6M
Q2 25
$59.4M
$60.0M
Q1 25
$42.9M
$15.1M
Q4 24
$73.4M
Q3 24
$48.3M
$28.7M
Q2 24
$58.8M
$29.7M
Q1 24
$59.9M
$26.7M
Total Debt
IVR
IVR
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Stockholders' Equity
IVR
IVR
VFF
VFF
Q4 25
$797.5M
$299.9M
Q3 25
$769.6M
$295.4M
Q2 25
$709.4M
$284.3M
Q1 25
$759.2M
$248.3M
Q4 24
$730.7M
Q3 24
$857.0M
$274.4M
Q2 24
$759.2M
$275.2M
Q1 24
$785.6M
$296.2M
Total Assets
IVR
IVR
VFF
VFF
Q4 25
$6.5B
$423.1M
Q3 25
$6.0B
$418.4M
Q2 25
$5.4B
$403.7M
Q1 25
$6.2B
$377.1M
Q4 24
$5.7B
Q3 24
$6.1B
$417.8M
Q2 24
$5.1B
$425.4M
Q1 24
$5.2B
$458.4M
Debt / Equity
IVR
IVR
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×

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
VFF
VFF
Operating Cash FlowLast quarter
$157.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
90.8%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
VFF
VFF
Q4 25
$157.1M
Q3 25
$37.3M
$24.4M
Q2 25
$40.6M
Q1 25
$19.3M
$-6.4M
Q4 24
$183.2M
Q3 24
$30.8M
$4.3M
Q2 24
$33.0M
$5.7M
Q1 24
$57.5M
$-50.0K
Free Cash Flow
IVR
IVR
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
Q1 25
$-8.9M
Q4 24
Q3 24
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
FCF Margin
IVR
IVR
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
Q1 25
-11.6%
Q4 24
Q3 24
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Capex Intensity
IVR
IVR
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q4 24
Q3 24
5.1%
Q2 24
1.6%
Q1 24
2.4%
Cash Conversion
IVR
IVR
VFF
VFF
Q4 25
3.05×
Q3 25
0.70×
2.39×
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.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

Related Comparisons