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Side-by-side financial comparison of loanDepot, Inc. (LDI) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $310.3M, roughly 1.4× loanDepot, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -7.2%, a 51.8% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 0.9%). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 1.3%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
LDI vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $425.8M |
| Net Profit | $-22.5M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | 54.0% |
| Net Margin | -7.2% | 44.6% |
| Revenue YoY | 20.5% | 0.9% |
| Net Profit YoY | 32.4% | 147.2% |
| EPS (diluted) | — | $0.63 |
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.
| Q1 26 | — | $425.8M | ||
| Q4 25 | $310.3M | $433.1M | ||
| Q3 25 | $323.3M | $431.9M | ||
| Q2 25 | $282.5M | $425.4M | ||
| Q1 25 | $273.6M | $421.9M | ||
| Q4 24 | $257.5M | $422.7M | ||
| Q3 24 | $314.6M | $420.2M | ||
| Q2 24 | $265.4M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-22.5M | $222.9M | ||
| Q3 25 | $-4.9M | $40.4M | ||
| Q2 25 | $-13.4M | $37.7M | ||
| Q1 25 | $-21.9M | $76.7M | ||
| Q4 24 | $-33.2M | $-5.0M | ||
| Q3 24 | $1.4M | $22.6M | ||
| Q2 24 | $-32.2M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | -10.3% | 64.1% | ||
| Q3 25 | -3.2% | 17.7% | ||
| Q2 25 | -11.4% | 18.2% | ||
| Q1 25 | -16.8% | 29.0% | ||
| Q4 24 | -32.7% | 15.7% | ||
| Q3 24 | 1.1% | 16.6% | ||
| Q2 24 | -29.1% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -7.2% | 51.5% | ||
| Q3 25 | -1.5% | 9.4% | ||
| Q2 25 | -4.7% | 8.9% | ||
| Q1 25 | -8.0% | 18.2% | ||
| Q4 24 | -12.9% | -220.5% | ||
| Q3 24 | 0.4% | 5.4% | ||
| Q2 24 | -12.1% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | — | $0.67 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.23 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $0.01 | $0.06 | ||
| Q2 24 | $-0.18 | $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 | $337.2M | $1.3M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $3.3B |
| Total Assets | $6.9B | $10.3B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $337.2M | $1.2M | ||
| Q3 25 | $459.2M | $1.2M | ||
| Q2 25 | $408.6M | $1.5M | ||
| Q1 25 | $371.5M | $1.3M | ||
| Q4 24 | $421.6M | $1.3M | ||
| Q3 24 | $483.0M | $2.3M | ||
| Q2 24 | $533.2M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $5.8B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $5.8B | ||
| Q1 25 | $2.0B | $5.8B | ||
| Q4 24 | $2.0B | $5.8B | ||
| Q3 24 | $2.0B | $5.9B | ||
| Q2 24 | $2.0B | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $386.0M | $3.3B | ||
| Q3 25 | $433.3M | $3.3B | ||
| Q2 25 | $439.1M | $3.3B | ||
| Q1 25 | $469.3M | $3.3B | ||
| Q4 24 | $506.6M | $3.4B | ||
| Q3 24 | $592.0M | $3.5B | ||
| Q2 24 | $578.9M | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $6.9B | $10.6B | ||
| Q3 25 | $6.2B | $10.6B | ||
| Q2 25 | $6.2B | $10.6B | ||
| Q1 25 | $6.4B | $10.7B | ||
| Q4 24 | $6.3B | $10.9B | ||
| Q3 24 | $6.4B | $11.1B | ||
| Q2 24 | $5.9B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | 1.77× | ||
| Q3 25 | 4.83× | 1.78× | ||
| Q2 25 | 4.70× | 1.74× | ||
| Q1 25 | 4.30× | 1.74× | ||
| Q4 24 | 4.00× | 1.69× | ||
| Q3 24 | 3.31× | 1.67× | ||
| Q2 24 | 3.41× | 1.55× |
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 | $-638.7M | — |
| Free Cash FlowOCF − Capex | $-648.0M | — |
| FCF MarginFCF / Revenue | -208.9% | — |
| Capex IntensityCapex / Revenue | 3.0% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-638.7M | $902.9M | ||
| Q3 25 | $43.4M | $234.9M | ||
| Q2 25 | $67.6M | $250.3M | ||
| Q1 25 | $-179.9M | $156.2M | ||
| Q4 24 | $47.7M | $876.8M | ||
| Q3 24 | $-349.2M | $230.3M | ||
| Q2 24 | $-278.3M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-648.0M | $650.0M | ||
| Q3 25 | $38.7M | $164.6M | ||
| Q2 25 | $61.4M | $190.1M | ||
| Q1 25 | $-186.7M | $103.2M | ||
| Q4 24 | $40.8M | $627.0M | ||
| Q3 24 | $-356.4M | $161.3M | ||
| Q2 24 | $-285.7M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | -208.9% | 150.1% | ||
| Q3 25 | 12.0% | 38.1% | ||
| Q2 25 | 21.7% | 44.7% | ||
| Q1 25 | -68.2% | 24.5% | ||
| Q4 24 | 15.8% | 148.3% | ||
| Q3 24 | -113.3% | 38.4% | ||
| Q2 24 | -107.7% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 3.0% | 58.4% | ||
| Q3 25 | 1.5% | 16.3% | ||
| Q2 25 | 2.2% | 14.2% | ||
| Q1 25 | 2.5% | 12.6% | ||
| Q4 24 | 2.7% | 59.1% | ||
| Q3 24 | 2.3% | 16.4% | ||
| Q2 24 | 2.8% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | 10.19× | ||
| Q2 24 | — | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
