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Side-by-side financial comparison of Ladder Capital Corp (LADR) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $12.8M, roughly 1.7× NextPlat Corp). Ladder Capital Corp runs the higher net margin — 71.0% vs -40.2%, a 111.2% gap on every dollar of revenue. On growth, Ladder Capital Corp posted the faster year-over-year revenue change (-18.0% vs -21.1%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-339.0K). Over the past eight quarters, NextPlat Corp's revenue compounded faster (-14.4% CAGR vs -22.5%).
Ladder Capital Corp is a leading commercial real estate finance firm operating primarily across the United States. It originates and manages a diversified portfolio of senior secured commercial mortgage loans, mezzanine debt, commercial mortgage-backed securities, and direct real estate assets, serving property owners, operators and developers across major market segments.
LADR vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.3M | $12.8M |
| Net Profit | $15.9M | $-5.1M |
| Gross Margin | — | 14.3% |
| Operating Margin | 69.5% | -28.9% |
| Net Margin | 71.0% | -40.2% |
| Revenue YoY | -18.0% | -21.1% |
| Net Profit YoY | -49.4% | -70.6% |
| EPS (diluted) | $0.13 | — |
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 | $22.3M | $12.8M | ||
| Q3 25 | $27.8M | $13.8M | ||
| Q2 25 | $21.5M | $13.2M | ||
| Q1 25 | $20.3M | $14.5M | ||
| Q4 24 | $27.2M | $16.2M | ||
| Q3 24 | $38.4M | $15.4M | ||
| Q2 24 | $34.3M | $17.0M | ||
| Q1 24 | $37.1M | $17.5M |
| Q4 25 | $15.9M | $-5.1M | ||
| Q3 25 | $19.2M | $-2.2M | ||
| Q2 25 | $17.1M | $-1.8M | ||
| Q1 25 | $11.6M | $-1.3M | ||
| Q4 24 | $31.3M | $-3.0M | ||
| Q3 24 | $27.6M | $-4.2M | ||
| Q2 24 | $32.1M | $-5.3M | ||
| Q1 24 | $16.4M | $-1.5M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | 69.5% | -28.9% | ||
| Q3 25 | 72.4% | -14.5% | ||
| Q2 25 | 96.7% | -13.8% | ||
| Q1 25 | 52.7% | -10.2% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | 74.1% | -52.1% | ||
| Q2 24 | 90.4% | -64.1% | ||
| Q1 24 | 49.4% | -10.5% |
| Q4 25 | 71.0% | -40.2% | ||
| Q3 25 | 69.0% | -15.9% | ||
| Q2 25 | 79.5% | -13.5% | ||
| Q1 25 | 56.8% | -9.2% | ||
| Q4 24 | 115.1% | -18.6% | ||
| Q3 24 | 71.7% | -27.4% | ||
| Q2 24 | 93.6% | -31.3% | ||
| Q1 24 | 44.2% | -8.5% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.09 | $-0.05 | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $0.22 | $-0.22 | ||
| Q2 24 | $0.26 | — | ||
| Q1 24 | $0.13 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.0M | $13.7M |
| Total DebtLower is stronger | — | $1.3M |
| Stockholders' EquityBook value | $1.5B | $17.3M |
| Total Assets | $5.2B | $27.5M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.0M | $13.7M | ||
| Q3 25 | $49.4M | $13.9M | ||
| Q2 25 | $134.9M | $16.6M | ||
| Q1 25 | $479.8M | $17.7M | ||
| Q4 24 | $1.3B | $20.0M | ||
| Q3 24 | $1.6B | $20.4M | ||
| Q2 24 | $1.2B | $24.9M | ||
| Q1 24 | $1.2B | $23.5M |
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $1.5B | $17.3M | ||
| Q3 25 | $1.5B | $21.4M | ||
| Q2 25 | $1.5B | $23.5M | ||
| Q1 25 | $1.5B | $25.3M | ||
| Q4 24 | $1.5B | $27.3M | ||
| Q3 24 | $1.5B | $22.5M | ||
| Q2 24 | $1.5B | $26.5M | ||
| Q1 24 | $1.5B | $31.2M |
| Q4 25 | $5.2B | $27.5M | ||
| Q3 25 | $4.7B | $30.0M | ||
| Q2 25 | $4.5B | $31.0M | ||
| Q1 25 | $4.5B | $35.2M | ||
| Q4 24 | $4.8B | $37.1M | ||
| Q3 24 | $4.8B | $41.1M | ||
| Q2 24 | $4.8B | $51.5M | ||
| Q1 24 | $5.3B | $65.1M |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.04× |
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 | $87.0M | $-302.0K |
| Free Cash FlowOCF − Capex | $78.7M | $-339.0K |
| FCF MarginFCF / Revenue | 352.4% | -2.6% |
| Capex IntensityCapex / Revenue | 37.4% | 0.3% |
| Cash ConversionOCF / Net Profit | 5.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $-302.0K | ||
| Q3 25 | $26.3M | $-2.7M | ||
| Q2 25 | $44.0M | $-1.0M | ||
| Q1 25 | $-28.7M | $-2.1M | ||
| Q4 24 | $133.9M | $-476.0K | ||
| Q3 24 | $169.0M | $-4.6M | ||
| Q2 24 | $45.4M | $2.3M | ||
| Q1 24 | $-20.4M | $-2.7M |
| Q4 25 | $78.7M | $-339.0K | ||
| Q3 25 | $25.9M | — | ||
| Q2 25 | $43.4M | $-1.1M | ||
| Q1 25 | $-29.6M | $-2.1M | ||
| Q4 24 | $127.4M | $-508.0K | ||
| Q3 24 | $166.0M | $-4.7M | ||
| Q2 24 | $44.9M | $2.2M | ||
| Q1 24 | $-21.7M | $-2.7M |
| Q4 25 | 352.4% | -2.6% | ||
| Q3 25 | 93.1% | — | ||
| Q2 25 | 201.6% | -8.0% | ||
| Q1 25 | -145.6% | -14.3% | ||
| Q4 24 | 468.2% | -3.1% | ||
| Q3 24 | 432.1% | -30.6% | ||
| Q2 24 | 131.0% | 13.2% | ||
| Q1 24 | -58.6% | -15.7% |
| Q4 25 | 37.4% | 0.3% | ||
| Q3 25 | 1.7% | 0.0% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 23.9% | 0.2% | ||
| Q3 24 | 7.8% | 0.6% | ||
| Q2 24 | 1.3% | 0.4% | ||
| Q1 24 | 3.7% | 0.4% |
| Q4 25 | 5.49× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -2.49× | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 6.13× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | -1.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LADR
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
