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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and NextPlat Corp (NXPL). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $12.8M, roughly 1.6× NextPlat Corp). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -40.2%, a 105.2% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -21.1%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs -14.4%).

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

MITT vs NXPL — Head-to-Head

Bigger by revenue
MITT
MITT
1.6× larger
MITT
$20.4M
$12.8M
NXPL
Growing faster (revenue YoY)
MITT
MITT
+38.8% gap
MITT
17.7%
-21.1%
NXPL
Higher net margin
MITT
MITT
105.2% more per $
MITT
65.0%
-40.2%
NXPL
Faster 2-yr revenue CAGR
MITT
MITT
Annualised
MITT
9.1%
-14.4%
NXPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MITT
MITT
NXPL
NXPL
Revenue
$20.4M
$12.8M
Net Profit
$13.3M
$-5.1M
Gross Margin
14.3%
Operating Margin
67.1%
-28.9%
Net Margin
65.0%
-40.2%
Revenue YoY
17.7%
-21.1%
Net Profit YoY
-7.0%
-70.6%
EPS (diluted)
$0.27

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
MITT
MITT
NXPL
NXPL
Q4 25
$20.4M
$12.8M
Q3 25
$19.5M
$13.8M
Q2 25
$17.8M
$13.2M
Q1 25
$18.8M
$14.5M
Q4 24
$17.4M
$16.2M
Q3 24
$14.9M
$15.4M
Q2 24
$16.4M
$17.0M
Q1 24
$17.2M
$17.5M
Net Profit
MITT
MITT
NXPL
NXPL
Q4 25
$13.3M
$-5.1M
Q3 25
$20.0M
$-2.2M
Q2 25
$3.9M
$-1.8M
Q1 25
$11.5M
$-1.3M
Q4 24
$14.3M
$-3.0M
Q3 24
$16.6M
$-4.2M
Q2 24
$3.9M
$-5.3M
Q1 24
$20.9M
$-1.5M
Gross Margin
MITT
MITT
NXPL
NXPL
Q4 25
14.3%
Q3 25
19.9%
Q2 25
21.8%
Q1 25
23.8%
Q4 24
16.8%
Q3 24
23.2%
Q2 24
34.5%
Q1 24
27.8%
Operating Margin
MITT
MITT
NXPL
NXPL
Q4 25
67.1%
-28.9%
Q3 25
-14.5%
Q2 25
20.9%
-13.8%
Q1 25
54.6%
-10.2%
Q4 24
76.7%
-14.1%
Q3 24
-52.1%
Q2 24
18.4%
-64.1%
Q1 24
-10.5%
Net Margin
MITT
MITT
NXPL
NXPL
Q4 25
65.0%
-40.2%
Q3 25
102.5%
-15.9%
Q2 25
22.2%
-13.5%
Q1 25
60.9%
-9.2%
Q4 24
82.2%
-18.6%
Q3 24
111.3%
-27.4%
Q2 24
24.0%
-31.3%
Q1 24
121.6%
-8.5%
EPS (diluted)
MITT
MITT
NXPL
NXPL
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$0.21
$-0.05
Q4 24
$0.30
Q3 24
$0.40
$-0.22
Q2 24
$-0.02
Q1 24
$0.55
$-0.08

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
NXPL
NXPL
Cash + ST InvestmentsLiquidity on hand
$57.8M
$13.7M
Total DebtLower is stronger
$1.3M
Stockholders' EquityBook value
$560.7M
$17.3M
Total Assets
$8.7B
$27.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
NXPL
NXPL
Q4 25
$57.8M
$13.7M
Q3 25
$59.0M
$13.9M
Q2 25
$88.7M
$16.6M
Q1 25
$115.5M
$17.7M
Q4 24
$118.7M
$20.0M
Q3 24
$102.5M
$20.4M
Q2 24
$120.9M
$24.9M
Q1 24
$100.3M
$23.5M
Total Debt
MITT
MITT
NXPL
NXPL
Q4 25
$1.3M
Q3 25
$1.2M
Q2 25
$1.2M
Q1 25
$1.3M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$1.3M
Q1 24
$1.4M
Stockholders' Equity
MITT
MITT
NXPL
NXPL
Q4 25
$560.7M
$17.3M
Q3 25
$559.8M
$21.4M
Q2 25
$536.4M
$23.5M
Q1 25
$543.9M
$25.3M
Q4 24
$543.4M
$27.3M
Q3 24
$540.1M
$22.5M
Q2 24
$533.5M
$26.5M
Q1 24
$539.6M
$31.2M
Total Assets
MITT
MITT
NXPL
NXPL
Q4 25
$8.7B
$27.5M
Q3 25
$9.0B
$30.0M
Q2 25
$7.5B
$31.0M
Q1 25
$7.3B
$35.2M
Q4 24
$6.9B
$37.1M
Q3 24
$7.0B
$41.1M
Q2 24
$7.1B
$51.5M
Q1 24
$6.4B
$65.1M
Debt / Equity
MITT
MITT
NXPL
NXPL
Q4 25
0.07×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.07×
Q2 24
0.05×
Q1 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
MITT
MITT
NXPL
NXPL
Operating Cash FlowLast quarter
$59.6M
$-302.0K
Free Cash FlowOCF − Capex
$-339.0K
FCF MarginFCF / Revenue
-2.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MITT
MITT
NXPL
NXPL
Q4 25
$59.6M
$-302.0K
Q3 25
$17.4M
$-2.7M
Q2 25
$11.5M
$-1.0M
Q1 25
$12.0M
$-2.1M
Q4 24
$55.8M
$-476.0K
Q3 24
$14.5M
$-4.6M
Q2 24
$13.7M
$2.3M
Q1 24
$12.0M
$-2.7M
Free Cash Flow
MITT
MITT
NXPL
NXPL
Q4 25
$-339.0K
Q3 25
Q2 25
$-1.1M
Q1 25
$-2.1M
Q4 24
$-508.0K
Q3 24
$-4.7M
Q2 24
$2.2M
Q1 24
$-2.7M
FCF Margin
MITT
MITT
NXPL
NXPL
Q4 25
-2.6%
Q3 25
Q2 25
-8.0%
Q1 25
-14.3%
Q4 24
-3.1%
Q3 24
-30.6%
Q2 24
13.2%
Q1 24
-15.7%
Capex Intensity
MITT
MITT
NXPL
NXPL
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
0.4%
Q1 24
0.4%
Cash Conversion
MITT
MITT
NXPL
NXPL
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MITT
MITT

Segment breakdown not available.

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

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