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Side-by-side financial comparison of Ladder Capital Corp (LADR) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.
Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $22.3M, roughly 1.2× Ladder Capital Corp). Ladder Capital Corp runs the higher net margin — 71.0% vs -34.6%, a 105.7% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% 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.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
LADR vs OWLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.3M | $26.6M |
| Net Profit | $15.9M | $-9.2M |
| Gross Margin | — | 47.6% |
| Operating Margin | 69.5% | -18.4% |
| Net Margin | 71.0% | -34.6% |
| Revenue YoY | -18.0% | 29.6% |
| Net Profit YoY | -49.4% | -1.5% |
| 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 | $26.6M | ||
| Q3 25 | $27.8M | $32.0M | ||
| Q2 25 | $21.5M | $26.1M | ||
| Q1 25 | $20.3M | $21.1M | ||
| Q4 24 | $27.2M | $20.5M | ||
| Q3 24 | $38.4M | $22.1M | ||
| Q2 24 | $34.3M | $20.7M | ||
| Q1 24 | $37.1M | $14.8M |
| Q4 25 | $15.9M | $-9.2M | ||
| Q3 25 | $19.2M | $4.1M | ||
| Q2 25 | $17.1M | $-37.6M | ||
| Q1 25 | $11.6M | $3.0M | ||
| Q4 24 | $31.3M | $-9.1M | ||
| Q3 24 | $27.6M | $-5.6M | ||
| Q2 24 | $32.1M | $-1.1M | ||
| Q1 24 | $16.4M | $3.3M |
| Q4 25 | — | 47.6% | ||
| Q3 25 | — | 50.6% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 49.5% | ||
| Q1 24 | — | 44.4% |
| Q4 25 | 69.5% | -18.4% | ||
| Q3 25 | 72.4% | 3.8% | ||
| Q2 25 | 96.7% | -7.4% | ||
| Q1 25 | 52.7% | -12.7% | ||
| Q4 24 | — | -36.2% | ||
| Q3 24 | 74.1% | -21.8% | ||
| Q2 24 | 90.4% | -10.8% | ||
| Q1 24 | 49.4% | -39.0% |
| Q4 25 | 71.0% | -34.6% | ||
| Q3 25 | 69.0% | 12.9% | ||
| Q2 25 | 79.5% | -144.4% | ||
| Q1 25 | 56.8% | 14.3% | ||
| Q4 24 | 115.1% | -44.2% | ||
| Q3 24 | 71.7% | -25.4% | ||
| Q2 24 | 93.6% | -5.5% | ||
| Q1 24 | 44.2% | 22.2% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.15 | $-0.06 | ||
| Q2 25 | $0.14 | $-2.37 | ||
| Q1 25 | $0.09 | $0.11 | ||
| Q4 24 | $0.25 | $-0.15 | ||
| Q3 24 | $0.22 | $-0.61 | ||
| Q2 24 | $0.26 | $-0.30 | ||
| Q1 24 | $0.13 | $-0.51 |
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 | $35.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $19.0M |
| Total Assets | $5.2B | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.0M | $35.5M | ||
| Q3 25 | $49.4M | $23.8M | ||
| Q2 25 | $134.9M | $21.8M | ||
| Q1 25 | $479.8M | $16.3M | ||
| Q4 24 | $1.3B | $20.2M | ||
| Q3 24 | $1.6B | $21.6M | ||
| Q2 24 | $1.2B | $15.4M | ||
| Q1 24 | $1.2B | $18.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $1.5B | $19.0M | ||
| Q3 25 | $1.5B | $-54.1M | ||
| Q2 25 | $1.5B | $-59.2M | ||
| Q1 25 | $1.5B | $-25.8M | ||
| Q4 24 | $1.5B | $-29.8M | ||
| Q3 24 | $1.5B | $-21.5M | ||
| Q2 24 | $1.5B | $-33.4M | ||
| Q1 24 | $1.5B | $-32.9M |
| Q4 25 | $5.2B | $85.6M | ||
| Q3 25 | $4.7B | $74.9M | ||
| Q2 25 | $4.5B | $63.5M | ||
| Q1 25 | $4.5B | $51.4M | ||
| Q4 24 | $4.8B | $49.5M | ||
| Q3 24 | $4.8B | $56.1M | ||
| Q2 24 | $4.8B | $45.9M | ||
| Q1 24 | $5.3B | $43.8M |
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 | $-452.0K |
| Free Cash FlowOCF − Capex | $78.7M | $-651.0K |
| FCF MarginFCF / Revenue | 352.4% | -2.5% |
| Capex IntensityCapex / Revenue | 37.4% | 0.7% |
| Cash ConversionOCF / Net Profit | 5.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.3M | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $-452.0K | ||
| Q3 25 | $26.3M | $-2.2M | ||
| Q2 25 | $44.0M | $-2.2M | ||
| Q1 25 | $-28.7M | $-5.9M | ||
| Q4 24 | $133.9M | $3.0M | ||
| Q3 24 | $169.0M | $-7.5M | ||
| Q2 24 | $45.4M | $-3.4M | ||
| Q1 24 | $-20.4M | $-3.4M |
| Q4 25 | $78.7M | $-651.0K | ||
| Q3 25 | $25.9M | $-2.2M | ||
| Q2 25 | $43.4M | $-2.3M | ||
| Q1 25 | $-29.6M | $-5.9M | ||
| Q4 24 | $127.4M | $3.0M | ||
| Q3 24 | $166.0M | $-7.5M | ||
| Q2 24 | $44.9M | $-3.4M | ||
| Q1 24 | $-21.7M | — |
| Q4 25 | 352.4% | -2.5% | ||
| Q3 25 | 93.1% | -6.8% | ||
| Q2 25 | 201.6% | -8.8% | ||
| Q1 25 | -145.6% | -28.1% | ||
| Q4 24 | 468.2% | 14.5% | ||
| Q3 24 | 432.1% | -33.9% | ||
| Q2 24 | 131.0% | -16.3% | ||
| Q1 24 | -58.6% | — |
| Q4 25 | 37.4% | 0.7% | ||
| Q3 25 | 1.7% | 0.0% | ||
| Q2 25 | 2.9% | 0.2% | ||
| Q1 25 | 4.3% | 0.0% | ||
| Q4 24 | 23.9% | 0.2% | ||
| Q3 24 | 7.8% | 0.0% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 3.7% | 0.0% |
| Q4 25 | 5.49× | — | ||
| Q3 25 | 1.37× | -0.52× | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | -2.49× | -1.96× | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 6.13× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | -1.24× | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LADR
Segment breakdown not available.
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
