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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
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |