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Side-by-side financial comparison of Ladder Capital Corp (LADR) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Ladder Capital Corp is the larger business by last-quarter revenue ($22.3M vs $18.6M, roughly 1.2× Zeo Energy Corp.). Ladder Capital Corp runs the higher net margin — 71.0% vs -10.8%, a 81.8% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -18.0%). Ladder Capital Corp produced more free cash flow last quarter ($78.7M vs $2.3M). Over the past eight quarters, Zeo Energy Corp.'s revenue compounded faster (-4.0% 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 ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.3M | $18.6M |
| Net Profit | $15.9M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | 69.5% | -11.8% |
| Net Margin | 71.0% | -10.8% |
| Revenue YoY | -18.0% | -0.4% |
| Net Profit YoY | -49.4% | -360.9% |
| 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 | $18.6M | ||
| Q3 25 | $27.8M | $23.9M | ||
| Q2 25 | $21.5M | $18.1M | ||
| Q1 25 | $20.3M | $8.8M | ||
| Q4 24 | $27.2M | $18.6M | ||
| Q3 24 | $38.4M | $19.7M | ||
| Q2 24 | $34.3M | $14.8M | ||
| Q1 24 | $37.1M | $20.1M |
| Q4 25 | $15.9M | $-2.0M | ||
| Q3 25 | $19.2M | $-3.2M | ||
| Q2 25 | $17.1M | $-2.4M | ||
| Q1 25 | $11.6M | $-6.4M | ||
| Q4 24 | $31.3M | $-435.3K | ||
| Q3 24 | $27.6M | $-424.3K | ||
| Q2 24 | $32.1M | $-277.8K | ||
| Q1 24 | $16.4M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | 69.5% | -11.8% | ||
| Q3 25 | 72.4% | -8.3% | ||
| Q2 25 | 96.7% | -15.8% | ||
| Q1 25 | 52.7% | -153.8% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | 74.1% | -15.2% | ||
| Q2 24 | 90.4% | -18.0% | ||
| Q1 24 | 49.4% | -20.1% |
| Q4 25 | 71.0% | -10.8% | ||
| Q3 25 | 69.0% | -13.5% | ||
| Q2 25 | 79.5% | -13.3% | ||
| Q1 25 | 56.8% | -72.4% | ||
| Q4 24 | 115.1% | -2.3% | ||
| Q3 24 | 71.7% | -2.2% | ||
| Q2 24 | 93.6% | -1.9% | ||
| Q1 24 | 44.2% | -7.6% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.15 | — | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $0.09 | $-0.48 | ||
| Q4 24 | $0.25 | $1.11 | ||
| Q3 24 | $0.22 | $-0.08 | ||
| Q2 24 | $0.26 | $0.03 | ||
| Q1 24 | $0.13 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $1.5B | $5.3M |
| Total Assets | $5.2B | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.0M | $6.1M | ||
| Q3 25 | $49.4M | $3.9M | ||
| Q2 25 | $134.9M | $68.7K | ||
| Q1 25 | $479.8M | $2.9M | ||
| Q4 24 | $1.3B | $5.6M | ||
| Q3 24 | $1.6B | $4.3M | ||
| Q2 24 | $1.2B | $5.3M | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $1.5B | $5.3M | ||
| Q3 25 | $1.5B | $-1.7M | ||
| Q2 25 | $1.5B | $-59.4M | ||
| Q1 25 | $1.5B | $-23.1M | ||
| Q4 24 | $1.5B | $-88.9M | ||
| Q3 24 | $1.5B | $-39.3M | ||
| Q2 24 | $1.5B | $-53.0M | ||
| Q1 24 | $1.5B | $-173.0M |
| Q4 25 | $5.2B | $56.9M | ||
| Q3 25 | $4.7B | $58.5M | ||
| Q2 25 | $4.5B | $46.2M | ||
| Q1 25 | $4.5B | $47.4M | ||
| Q4 24 | $4.8B | $61.0M | ||
| Q3 24 | $4.8B | $47.1M | ||
| Q2 24 | $4.8B | $49.1M | ||
| Q1 24 | $5.3B | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.4M |
| Free Cash FlowOCF − Capex | $78.7M | $2.3M |
| FCF MarginFCF / Revenue | 352.4% | 12.2% |
| Capex IntensityCapex / Revenue | 37.4% | 0.9% |
| Cash ConversionOCF / Net Profit | 5.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $118.3M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $2.4M | ||
| Q3 25 | $26.3M | $-6.6M | ||
| Q2 25 | $44.0M | $-2.3M | ||
| Q1 25 | $-28.7M | $-2.3M | ||
| Q4 24 | $133.9M | $3.5M | ||
| Q3 24 | $169.0M | $162.2K | ||
| Q2 24 | $45.4M | $-2.2M | ||
| Q1 24 | $-20.4M | $-10.2M |
| Q4 25 | $78.7M | $2.3M | ||
| Q3 25 | $25.9M | $-6.8M | ||
| Q2 25 | $43.4M | $-2.7M | ||
| Q1 25 | $-29.6M | $-2.6M | ||
| Q4 24 | $127.4M | $3.4M | ||
| Q3 24 | $166.0M | $116.5K | ||
| Q2 24 | $44.9M | $-2.3M | ||
| Q1 24 | $-21.7M | $-10.4M |
| Q4 25 | 352.4% | 12.2% | ||
| Q3 25 | 93.1% | -28.6% | ||
| Q2 25 | 201.6% | -15.0% | ||
| Q1 25 | -145.6% | -30.0% | ||
| Q4 24 | 468.2% | 18.2% | ||
| Q3 24 | 432.1% | 0.6% | ||
| Q2 24 | 131.0% | -15.6% | ||
| Q1 24 | -58.6% | -51.5% |
| Q4 25 | 37.4% | 0.9% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 2.9% | 2.4% | ||
| Q1 25 | 4.3% | 4.2% | ||
| Q4 24 | 23.9% | 0.5% | ||
| Q3 24 | 7.8% | 0.2% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 1.1% |
| 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.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
