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Side-by-side financial comparison of La Rosa Holdings Corp. (LRHC) and TPG RE Finance Trust, Inc. (TRTX). Click either name above to swap in a different company.

TPG RE Finance Trust, Inc. is the larger business by last-quarter revenue ($35.0M vs $20.2M, roughly 1.7× La Rosa Holdings Corp.). TPG RE Finance Trust, Inc. runs the higher net margin — 15.6% vs -27.4%, a 43.0% gap on every dollar of revenue. On growth, La Rosa Holdings Corp. posted the faster year-over-year revenue change (3.2% vs 0.9%). Over the past eight quarters, La Rosa Holdings Corp.'s revenue compounded faster (72.5% CAGR vs -5.1%).

V. La Rosa and Sons Macaroni Company was founded in 1914 by Vincenzo La Rosa, a Sicilian immigrant. The company eventually became one of the largest regional brands in the United States producing over 40 varieties of pasta.

TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.

LRHC vs TRTX — Head-to-Head

Bigger by revenue
TRTX
TRTX
1.7× larger
TRTX
$35.0M
$20.2M
LRHC
Growing faster (revenue YoY)
LRHC
LRHC
+2.3% gap
LRHC
3.2%
0.9%
TRTX
Higher net margin
TRTX
TRTX
43.0% more per $
TRTX
15.6%
-27.4%
LRHC
Faster 2-yr revenue CAGR
LRHC
LRHC
Annualised
LRHC
72.5%
-5.1%
TRTX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LRHC
LRHC
TRTX
TRTX
Revenue
$20.2M
$35.0M
Net Profit
$-5.5M
$4.0M
Gross Margin
8.4%
Operating Margin
-24.7%
11.6%
Net Margin
-27.4%
15.6%
Revenue YoY
3.2%
0.9%
Net Profit YoY
-125.7%
-62.8%
EPS (diluted)
$-5.44
$0.01

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
LRHC
LRHC
TRTX
TRTX
Q4 25
$35.0M
Q3 25
$20.2M
$37.8M
Q2 25
$23.2M
$36.2M
Q1 25
$17.5M
$37.0M
Q4 24
$17.7M
$34.7M
Q3 24
$19.6M
$40.1M
Q2 24
$19.1M
$39.3M
Q1 24
$13.1M
$38.9M
Net Profit
LRHC
LRHC
TRTX
TRTX
Q4 25
$4.0M
Q3 25
$-5.5M
$22.0M
Q2 25
$78.4M
$20.6M
Q1 25
$-95.7M
$13.7M
Q4 24
$-5.1M
$10.7M
Q3 24
$-2.5M
$22.2M
Q2 24
$-2.3M
$24.7M
Q1 24
$-4.6M
$16.7M
Gross Margin
LRHC
LRHC
TRTX
TRTX
Q4 25
Q3 25
8.4%
Q2 25
8.0%
Q1 25
8.8%
Q4 24
8.9%
Q3 24
8.3%
Q2 24
8.3%
Q1 24
8.9%
Operating Margin
LRHC
LRHC
TRTX
TRTX
Q4 25
11.6%
Q3 25
-24.7%
58.4%
Q2 25
-10.6%
57.3%
Q1 25
-26.7%
37.2%
Q4 24
-17.1%
30.3%
Q3 24
-8.9%
55.4%
Q2 24
-9.7%
63.1%
Q1 24
-35.0%
44.0%
Net Margin
LRHC
LRHC
TRTX
TRTX
Q4 25
15.6%
Q3 25
-27.4%
58.1%
Q2 25
337.8%
57.0%
Q1 25
-546.5%
37.0%
Q4 24
-28.7%
43.3%
Q3 24
-12.5%
55.3%
Q2 24
-12.2%
62.9%
Q1 24
-35.1%
43.0%
EPS (diluted)
LRHC
LRHC
TRTX
TRTX
Q4 25
$0.01
Q3 25
$-5.44
$0.23
Q2 25
$15.25
$0.21
Q1 25
$-5.86
$0.12
Q4 24
$28.54
$0.09
Q3 24
$-16.49
$0.23
Q2 24
$-12.49
$0.26
Q1 24
$-0.35
$0.17

Balance Sheet & Financial Strength

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

Metric
LRHC
LRHC
TRTX
TRTX
Cash + ST InvestmentsLiquidity on hand
$4.0M
$87.6M
Total DebtLower is stronger
$642.8K
$3.3B
Stockholders' EquityBook value
$1.6M
$1.1B
Total Assets
$21.7M
$4.4B
Debt / EquityLower = less leverage
0.41×
3.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LRHC
LRHC
TRTX
TRTX
Q4 25
$87.6M
Q3 25
$4.0M
$93.6M
Q2 25
$5.1M
$165.8M
Q1 25
$2.9M
$363.0M
Q4 24
$1.4M
$190.2M
Q3 24
$1.8M
$226.3M
Q2 24
$1.6M
$259.2M
Q1 24
$1.1M
$203.1M
Total Debt
LRHC
LRHC
TRTX
TRTX
Q4 25
$3.3B
Q3 25
$642.8K
$2.9B
Q2 25
$644.3K
$3.0B
Q1 25
$645.9K
$2.8B
Q4 24
$647.6K
$2.6B
Q3 24
$649.2K
$2.5B
Q2 24
$650.8K
$2.5B
Q1 24
$652.4K
$2.7B
Stockholders' Equity
LRHC
LRHC
TRTX
TRTX
Q4 25
$1.1B
Q3 25
$1.6M
$1.1B
Q2 25
$3.4M
$1.1B
Q1 25
$-87.5M
$1.1B
Q4 24
$2.6M
$1.1B
Q3 24
$5.0M
$1.1B
Q2 24
$4.7M
$1.1B
Q1 24
$5.6M
$1.1B
Total Assets
LRHC
LRHC
TRTX
TRTX
Q4 25
$4.4B
Q3 25
$21.7M
$4.1B
Q2 25
$22.9M
$4.2B
Q1 25
$21.0M
$4.0B
Q4 24
$19.4M
$3.7B
Q3 24
$19.7M
$3.7B
Q2 24
$18.7M
$3.7B
Q1 24
$16.3M
$3.8B
Debt / Equity
LRHC
LRHC
TRTX
TRTX
Q4 25
3.10×
Q3 25
0.41×
2.72×
Q2 25
0.19×
2.78×
Q1 25
2.56×
Q4 24
0.25×
2.31×
Q3 24
0.13×
2.22×
Q2 24
0.14×
2.25×
Q1 24
0.12×
2.38×

Cash Flow & Capital Efficiency

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

Metric
LRHC
LRHC
TRTX
TRTX
Operating Cash FlowLast quarter
$-1.3M
$90.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
22.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LRHC
LRHC
TRTX
TRTX
Q4 25
$90.4M
Q3 25
$-1.3M
$21.8M
Q2 25
$-1.4M
$24.7M
Q1 25
$-3.5M
$19.1M
Q4 24
$-1.1M
$112.1M
Q3 24
$-591.6K
$23.7M
Q2 24
$-803.1K
$25.6M
Q1 24
$-538.3K
$37.4M
Cash Conversion
LRHC
LRHC
TRTX
TRTX
Q4 25
22.73×
Q3 25
0.99×
Q2 25
-0.02×
1.20×
Q1 25
1.39×
Q4 24
10.50×
Q3 24
1.07×
Q2 24
1.03×
Q1 24
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LRHC
LRHC

Real Estate Residential Brokerage Services$16.8M83%
Transferred Over Time$3.5M17%

TRTX
TRTX

Segment breakdown not available.

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