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Side-by-side financial comparison of Ladder Capital Corp (LADR) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $11.6M, roughly 1.9× SUTRO BIOPHARMA, INC.). On growth, Ladder Capital Corp posted the faster year-over-year revenue change (-18.0% vs -21.4%). Over the past eight quarters, SUTRO BIOPHARMA, INC.'s revenue compounded faster (-5.4% 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.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

LADR vs STRO — Head-to-Head

Bigger by revenue
LADR
LADR
1.9× larger
LADR
$22.3M
$11.6M
STRO
Growing faster (revenue YoY)
LADR
LADR
+3.4% gap
LADR
-18.0%
-21.4%
STRO
Faster 2-yr revenue CAGR
STRO
STRO
Annualised
STRO
-5.4%
-22.5%
LADR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LADR
LADR
STRO
STRO
Revenue
$22.3M
$11.6M
Net Profit
$15.9M
Gross Margin
Operating Margin
69.5%
Net Margin
71.0%
Revenue YoY
-18.0%
-21.4%
Net Profit YoY
-49.4%
35.4%
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.

Revenue
LADR
LADR
STRO
STRO
Q4 25
$22.3M
$11.6M
Q3 25
$27.8M
$9.7M
Q2 25
$21.5M
$63.7M
Q1 25
$20.3M
$17.4M
Q4 24
$27.2M
$14.8M
Q3 24
$38.4M
$8.5M
Q2 24
$34.3M
$25.7M
Q1 24
$37.1M
$13.0M
Net Profit
LADR
LADR
STRO
STRO
Q4 25
$15.9M
Q3 25
$19.2M
$-56.9M
Q2 25
$17.1M
$-11.5M
Q1 25
$11.6M
$-76.0M
Q4 24
$31.3M
$-72.4M
Q3 24
$27.6M
$-48.8M
Q2 24
$32.1M
$-48.0M
Q1 24
$16.4M
$-58.2M
Operating Margin
LADR
LADR
STRO
STRO
Q4 25
69.5%
Q3 25
72.4%
-499.9%
Q2 25
96.7%
-5.2%
Q1 25
52.7%
-393.8%
Q4 24
-440.7%
Q3 24
74.1%
-797.2%
Q2 24
90.4%
-189.4%
Q1 24
49.4%
-435.0%
Net Margin
LADR
LADR
STRO
STRO
Q4 25
71.0%
Q3 25
69.0%
-586.6%
Q2 25
79.5%
-18.0%
Q1 25
56.8%
-436.6%
Q4 24
115.1%
-489.2%
Q3 24
71.7%
-572.6%
Q2 24
93.6%
-186.8%
Q1 24
44.2%
-447.5%
EPS (diluted)
LADR
LADR
STRO
STRO
Q4 25
$0.13
Q3 25
$0.15
$-0.67
Q2 25
$0.14
$-0.14
Q1 25
$0.09
$-0.91
Q4 24
$0.25
$-27.63
Q3 24
$0.22
$-0.59
Q2 24
$0.26
$-0.59
Q1 24
$0.13
$-0.59

Balance Sheet & Financial Strength

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

Metric
LADR
LADR
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$38.0M
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$-132.5M
Total Assets
$5.2B
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LADR
LADR
STRO
STRO
Q4 25
$38.0M
$141.4M
Q3 25
$49.4M
$167.6M
Q2 25
$134.9M
$205.1M
Q1 25
$479.8M
$249.0M
Q4 24
$1.3B
$316.9M
Q3 24
$1.6B
$388.3M
Q2 24
$1.2B
$375.6M
Q1 24
$1.2B
$267.6M
Stockholders' Equity
LADR
LADR
STRO
STRO
Q4 25
$1.5B
$-132.5M
Q3 25
$1.5B
$-87.3M
Q2 25
$1.5B
$-32.1M
Q1 25
$1.5B
$-25.8M
Q4 24
$1.5B
$44.6M
Q3 24
$1.5B
$111.2M
Q2 24
$1.5B
$152.2M
Q1 24
$1.5B
$98.0M
Total Assets
LADR
LADR
STRO
STRO
Q4 25
$5.2B
$173.8M
Q3 25
$4.7B
$209.7M
Q2 25
$4.5B
$262.4M
Q1 25
$4.5B
$321.4M
Q4 24
$4.8B
$387.2M
Q3 24
$4.8B
$451.8M
Q2 24
$4.8B
$489.0M
Q1 24
$5.3B
$403.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LADR
LADR
STRO
STRO
Operating Cash FlowLast quarter
$87.0M
$-177.2M
Free Cash FlowOCF − Capex
$78.7M
FCF MarginFCF / Revenue
352.4%
Capex IntensityCapex / Revenue
37.4%
Cash ConversionOCF / Net Profit
5.49×
TTM Free Cash FlowTrailing 4 quarters
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LADR
LADR
STRO
STRO
Q4 25
$87.0M
$-177.2M
Q3 25
$26.3M
$-38.2M
Q2 25
$44.0M
$-44.7M
Q1 25
$-28.7M
$-67.9M
Q4 24
$133.9M
$-71.7M
Q3 24
$169.0M
$-64.5M
Q2 24
$45.4M
$9.5M
Q1 24
$-20.4M
$-64.7M
Free Cash Flow
LADR
LADR
STRO
STRO
Q4 25
$78.7M
Q3 25
$25.9M
Q2 25
$43.4M
Q1 25
$-29.6M
Q4 24
$127.4M
Q3 24
$166.0M
Q2 24
$44.9M
Q1 24
$-21.7M
FCF Margin
LADR
LADR
STRO
STRO
Q4 25
352.4%
Q3 25
93.1%
Q2 25
201.6%
Q1 25
-145.6%
Q4 24
468.2%
Q3 24
432.1%
Q2 24
131.0%
Q1 24
-58.6%
Capex Intensity
LADR
LADR
STRO
STRO
Q4 25
37.4%
Q3 25
1.7%
Q2 25
2.9%
Q1 25
4.3%
Q4 24
23.9%
Q3 24
7.8%
Q2 24
1.3%
Q1 24
3.7%
Cash Conversion
LADR
LADR
STRO
STRO
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.

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