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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and Sol-Gel Technologies Ltd. (SLGL). 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 $17.3M, roughly 1.2× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 65.0%, a 2.3% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 17.7%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

MITT vs SLGL — Head-to-Head

Bigger by revenue
MITT
MITT
1.2× larger
MITT
$20.4M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+200.1% gap
SLGL
217.7%
17.7%
MITT
Higher net margin
SLGL
SLGL
2.3% more per $
SLGL
67.3%
65.0%
MITT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MITT
MITT
SLGL
SLGL
Revenue
$20.4M
$17.3M
Net Profit
$13.3M
$11.6M
Gross Margin
Operating Margin
67.1%
65.1%
Net Margin
65.0%
67.3%
Revenue YoY
17.7%
217.7%
Net Profit YoY
-7.0%
487.6%
EPS (diluted)
$0.27
$4.17

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
SLGL
SLGL
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
$17.3M
Q1 25
$18.8M
Q4 24
$17.4M
Q3 24
$14.9M
Q2 24
$16.4M
$5.4M
Q1 24
$17.2M
Net Profit
MITT
MITT
SLGL
SLGL
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
$11.6M
Q1 25
$11.5M
Q4 24
$14.3M
Q3 24
$16.6M
Q2 24
$3.9M
$2.0M
Q1 24
$20.9M
Operating Margin
MITT
MITT
SLGL
SLGL
Q4 25
67.1%
Q3 25
Q2 25
20.9%
65.1%
Q1 25
54.6%
Q4 24
76.7%
Q3 24
Q2 24
18.4%
29.9%
Q1 24
Net Margin
MITT
MITT
SLGL
SLGL
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
67.3%
Q1 25
60.9%
Q4 24
82.2%
Q3 24
111.3%
Q2 24
24.0%
36.4%
Q1 24
121.6%
EPS (diluted)
MITT
MITT
SLGL
SLGL
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
$4.17
Q1 25
$0.21
Q4 24
$0.30
Q3 24
$0.40
Q2 24
$-0.02
$0.71
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$57.8M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.7M
$31.9M
Total Assets
$8.7B
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
SLGL
SLGL
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
$24.3M
Q1 25
$115.5M
Q4 24
$118.7M
Q3 24
$102.5M
Q2 24
$120.9M
$26.5M
Q1 24
$100.3M
Stockholders' Equity
MITT
MITT
SLGL
SLGL
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
$31.9M
Q1 25
$543.9M
Q4 24
$543.4M
Q3 24
$540.1M
Q2 24
$533.5M
$34.9M
Q1 24
$539.6M
Total Assets
MITT
MITT
SLGL
SLGL
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
$39.3M
Q1 25
$7.3B
Q4 24
$6.9B
Q3 24
$7.0B
Q2 24
$7.1B
$42.0M
Q1 24
$6.4B

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
SLGL
SLGL
Operating Cash FlowLast quarter
$59.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
SLGL
SLGL
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
Q1 25
$12.0M
Q4 24
$55.8M
Q3 24
$14.5M
Q2 24
$13.7M
Q1 24
$12.0M
Cash Conversion
MITT
MITT
SLGL
SLGL
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.

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