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Side-by-side financial comparison of Ladder Capital Corp (LADR) and Xilio Therapeutics, Inc. (XLO). Click either name above to swap in a different company.

Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $13.7M, roughly 1.6× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs 71.0%, a 4.7% gap on every dollar of revenue. Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $-2.1M).

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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

LADR vs XLO — Head-to-Head

Bigger by revenue
LADR
LADR
1.6× larger
LADR
$22.3M
$13.7M
XLO
Higher net margin
XLO
XLO
4.7% more per $
XLO
75.7%
71.0%
LADR
More free cash flow
LADR
LADR
$80.8M more FCF
LADR
$78.7M
$-2.1M
XLO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LADR
LADR
XLO
XLO
Revenue
$22.3M
$13.7M
Net Profit
$15.9M
$10.4M
Gross Margin
Operating Margin
69.5%
-86.5%
Net Margin
71.0%
75.7%
Revenue YoY
-18.0%
Net Profit YoY
-49.4%
179.1%
EPS (diluted)
$0.13
$-3.74

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
XLO
XLO
Q4 25
$22.3M
$13.7M
Q3 25
$27.8M
$19.1M
Q2 25
$21.5M
$8.1M
Q1 25
$20.3M
$2.9M
Q4 24
$27.2M
Q3 24
$38.4M
Q2 24
$34.3M
Q1 24
$37.1M
Net Profit
LADR
LADR
XLO
XLO
Q4 25
$15.9M
$10.4M
Q3 25
$19.2M
$-16.3M
Q2 25
$17.1M
$-15.8M
Q1 25
$11.6M
$-13.3M
Q4 24
$31.3M
Q3 24
$27.6M
Q2 24
$32.1M
Q1 24
$16.4M
Operating Margin
LADR
LADR
XLO
XLO
Q4 25
69.5%
-86.5%
Q3 25
72.4%
-10.1%
Q2 25
96.7%
-177.7%
Q1 25
52.7%
-472.7%
Q4 24
Q3 24
74.1%
Q2 24
90.4%
Q1 24
49.4%
Net Margin
LADR
LADR
XLO
XLO
Q4 25
71.0%
75.7%
Q3 25
69.0%
-85.4%
Q2 25
79.5%
-196.0%
Q1 25
56.8%
-452.7%
Q4 24
115.1%
Q3 24
71.7%
Q2 24
93.6%
Q1 24
44.2%
EPS (diluted)
LADR
LADR
XLO
XLO
Q4 25
$0.13
$-3.74
Q3 25
$0.15
$-0.11
Q2 25
$0.14
$-0.16
Q1 25
$0.09
$-0.18
Q4 24
$0.25
Q3 24
$0.22
Q2 24
$0.26
Q1 24
$0.13

Balance Sheet & Financial Strength

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

Metric
LADR
LADR
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$38.0M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$35.3M
Total Assets
$5.2B
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LADR
LADR
XLO
XLO
Q4 25
$38.0M
$137.5M
Q3 25
$49.4M
$103.8M
Q2 25
$134.9M
$121.6M
Q1 25
$479.8M
$89.1M
Q4 24
$1.3B
Q3 24
$1.6B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
LADR
LADR
XLO
XLO
Q4 25
$1.5B
$35.3M
Q3 25
$1.5B
$-8.1M
Q2 25
$1.5B
$7.1M
Q1 25
$1.5B
$10.7M
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
LADR
LADR
XLO
XLO
Q4 25
$5.2B
$154.7M
Q3 25
$4.7B
$133.7M
Q2 25
$4.5B
$133.8M
Q1 25
$4.5B
$103.7M
Q4 24
$4.8B
Q3 24
$4.8B
Q2 24
$4.8B
Q1 24
$5.3B

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
XLO
XLO
Operating Cash FlowLast quarter
$87.0M
$-2.0M
Free Cash FlowOCF − Capex
$78.7M
$-2.1M
FCF MarginFCF / Revenue
352.4%
-15.3%
Capex IntensityCapex / Revenue
37.4%
0.7%
Cash ConversionOCF / Net Profit
5.49×
-0.19×
TTM Free Cash FlowTrailing 4 quarters
$118.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LADR
LADR
XLO
XLO
Q4 25
$87.0M
$-2.0M
Q3 25
$26.3M
$-17.5M
Q2 25
$44.0M
$-14.5M
Q1 25
$-28.7M
$29.0M
Q4 24
$133.9M
Q3 24
$169.0M
Q2 24
$45.4M
Q1 24
$-20.4M
Free Cash Flow
LADR
LADR
XLO
XLO
Q4 25
$78.7M
$-2.1M
Q3 25
$25.9M
Q2 25
$43.4M
$-14.9M
Q1 25
$-29.6M
$29.0M
Q4 24
$127.4M
Q3 24
$166.0M
Q2 24
$44.9M
Q1 24
$-21.7M
FCF Margin
LADR
LADR
XLO
XLO
Q4 25
352.4%
-15.3%
Q3 25
93.1%
Q2 25
201.6%
-184.0%
Q1 25
-145.6%
988.3%
Q4 24
468.2%
Q3 24
432.1%
Q2 24
131.0%
Q1 24
-58.6%
Capex Intensity
LADR
LADR
XLO
XLO
Q4 25
37.4%
0.7%
Q3 25
1.7%
0.0%
Q2 25
2.9%
5.0%
Q1 25
4.3%
0.8%
Q4 24
23.9%
Q3 24
7.8%
Q2 24
1.3%
Q1 24
3.7%
Cash Conversion
LADR
LADR
XLO
XLO
Q4 25
5.49×
-0.19×
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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