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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and OCULAR THERAPEUTIX, INC (OCUL). 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 $13.3M, roughly 1.5× OCULAR THERAPEUTIX, INC). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -488.0%, a 552.9% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -22.4%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs -5.3%).
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.
Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.
MITT vs OCUL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $13.3M |
| Net Profit | $13.3M | $-64.7M |
| Gross Margin | — | 88.0% |
| Operating Margin | 67.1% | -526.5% |
| Net Margin | 65.0% | -488.0% |
| Revenue YoY | 17.7% | -22.4% |
| Net Profit YoY | -7.0% | -33.6% |
| EPS (diluted) | $0.27 | $-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 | $13.3M | ||
| Q3 25 | $19.5M | $14.5M | ||
| Q2 25 | $17.8M | $13.5M | ||
| Q1 25 | $18.8M | $10.7M | ||
| Q4 24 | $17.4M | $17.1M | ||
| Q3 24 | $14.9M | $15.4M | ||
| Q2 24 | $16.4M | $16.4M | ||
| Q1 24 | $17.2M | $14.8M |
| Q4 25 | $13.3M | $-64.7M | ||
| Q3 25 | $20.0M | $-69.4M | ||
| Q2 25 | $3.9M | $-67.8M | ||
| Q1 25 | $11.5M | $-64.1M | ||
| Q4 24 | $14.3M | $-48.4M | ||
| Q3 24 | $16.6M | $-36.5M | ||
| Q2 24 | $3.9M | $-43.8M | ||
| Q1 24 | $20.9M | $-64.8M |
| Q4 25 | — | 88.0% | ||
| Q3 25 | — | 87.8% | ||
| Q2 25 | — | 85.6% | ||
| Q1 25 | — | 88.2% | ||
| Q4 24 | — | 92.8% | ||
| Q3 24 | — | 89.9% | ||
| Q2 24 | — | 90.8% | ||
| Q1 24 | — | 91.0% |
| Q4 25 | 67.1% | -526.5% | ||
| Q3 25 | — | -472.3% | ||
| Q2 25 | 20.9% | -502.6% | ||
| Q1 25 | 54.6% | -597.5% | ||
| Q4 24 | 76.7% | -296.1% | ||
| Q3 24 | — | -298.2% | ||
| Q2 24 | 18.4% | -265.1% | ||
| Q1 24 | — | -214.0% |
| Q4 25 | 65.0% | -488.0% | ||
| Q3 25 | 102.5% | -477.3% | ||
| Q2 25 | 22.2% | -503.9% | ||
| Q1 25 | 60.9% | -598.7% | ||
| Q4 24 | 82.2% | -283.3% | ||
| Q3 24 | 111.3% | -236.6% | ||
| Q2 24 | 24.0% | -266.3% | ||
| Q1 24 | 121.6% | -438.9% |
| Q4 25 | $0.27 | $-0.27 | ||
| Q3 25 | $0.47 | $-0.38 | ||
| Q2 25 | $-0.05 | $-0.39 | ||
| Q1 25 | $0.21 | $-0.38 | ||
| Q4 24 | $0.30 | $-0.25 | ||
| Q3 24 | $0.40 | $-0.22 | ||
| Q2 24 | $-0.02 | $-0.26 | ||
| Q1 24 | $0.55 | $-0.49 |
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 | $737.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $560.7M | $654.3M |
| Total Assets | $8.7B | $808.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.8M | $737.1M | ||
| Q3 25 | $59.0M | $344.8M | ||
| Q2 25 | $88.7M | $391.1M | ||
| Q1 25 | $115.5M | $349.7M | ||
| Q4 24 | $118.7M | $392.1M | ||
| Q3 24 | $102.5M | $427.2M | ||
| Q2 24 | $120.9M | $459.7M | ||
| Q1 24 | $100.3M | $482.9M |
| Q4 25 | $560.7M | $654.3M | ||
| Q3 25 | $559.8M | $258.2M | ||
| Q2 25 | $536.4M | $305.9M | ||
| Q1 25 | $543.9M | $265.9M | ||
| Q4 24 | $543.4M | $315.3M | ||
| Q3 24 | $540.1M | $352.0M | ||
| Q2 24 | $533.5M | $377.7M | ||
| Q1 24 | $539.6M | $408.0M |
| Q4 25 | $8.7B | $808.1M | ||
| Q3 25 | $9.0B | $410.9M | ||
| Q2 25 | $7.5B | $451.3M | ||
| Q1 25 | $7.3B | $405.9M | ||
| Q4 24 | $6.9B | $457.9M | ||
| Q3 24 | $7.0B | $490.4M | ||
| Q2 24 | $7.1B | $517.1M | ||
| Q1 24 | $6.4B | $538.9M |
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 | $-54.2M |
| Free Cash FlowOCF − Capex | — | $-57.1M |
| FCF MarginFCF / Revenue | — | -430.9% |
| Capex IntensityCapex / Revenue | — | 21.4% |
| Cash ConversionOCF / Net Profit | 4.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-216.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.6M | $-54.2M | ||
| Q3 25 | $17.4M | $-50.7M | ||
| Q2 25 | $11.5M | $-55.2M | ||
| Q1 25 | $12.0M | $-44.7M | ||
| Q4 24 | $55.8M | $-39.4M | ||
| Q3 24 | $14.5M | $-36.6M | ||
| Q2 24 | $13.7M | $-24.8M | ||
| Q1 24 | $12.0M | $-33.9M |
| Q4 25 | — | $-57.1M | ||
| Q3 25 | — | $-56.7M | ||
| Q2 25 | — | $-56.5M | ||
| Q1 25 | — | $-46.6M | ||
| Q4 24 | — | $-39.6M | ||
| Q3 24 | — | $-36.6M | ||
| Q2 24 | — | $-25.5M | ||
| Q1 24 | — | $-34.1M |
| Q4 25 | — | -430.9% | ||
| Q3 25 | — | -390.0% | ||
| Q2 25 | — | -419.7% | ||
| Q1 25 | — | -435.6% | ||
| Q4 24 | — | -232.0% | ||
| Q3 24 | — | -237.6% | ||
| Q2 24 | — | -155.4% | ||
| Q1 24 | — | -231.1% |
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 1.7% |
| 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.
