vs
Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $20.4M, roughly 1.8× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -8.9%, a 73.9% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs 3.1%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
MITT vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $36.5M |
| Net Profit | $13.3M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 67.1% | -10.9% |
| Net Margin | 65.0% | -8.9% |
| Revenue YoY | 17.7% | 3.1% |
| Net Profit YoY | -7.0% | 71.6% |
| EPS (diluted) | $0.27 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $19.5M | $36.2M | ||
| Q2 25 | $17.8M | $38.3M | ||
| Q1 25 | $18.8M | $41.3M | ||
| Q4 24 | $17.4M | $35.4M | ||
| Q3 24 | $14.9M | $40.5M | ||
| Q2 24 | $16.4M | $48.5M | ||
| Q1 24 | $17.2M | $50.5M |
| Q4 25 | $13.3M | $-3.2M | ||
| Q3 25 | $20.0M | $-6.3M | ||
| Q2 25 | $3.9M | $-10.9M | ||
| Q1 25 | $11.5M | $-40.2M | ||
| Q4 24 | $14.3M | $-11.4M | ||
| Q3 24 | $16.6M | $-9.9M | ||
| Q2 24 | $3.9M | $-4.6M | ||
| Q1 24 | $20.9M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 67.1% | -10.9% | ||
| Q3 25 | — | -19.4% | ||
| Q2 25 | 20.9% | -30.5% | ||
| Q1 25 | 54.6% | -99.9% | ||
| Q4 24 | 76.7% | -36.6% | ||
| Q3 24 | — | -29.0% | ||
| Q2 24 | 18.4% | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | 65.0% | -8.9% | ||
| Q3 25 | 102.5% | -17.3% | ||
| Q2 25 | 22.2% | -28.3% | ||
| Q1 25 | 60.9% | -97.2% | ||
| Q4 24 | 82.2% | -32.3% | ||
| Q3 24 | 111.3% | -24.5% | ||
| Q2 24 | 24.0% | -9.5% | ||
| Q1 24 | 121.6% | -15.2% |
| Q4 25 | $0.27 | $-0.02 | ||
| Q3 25 | $0.47 | $-0.03 | ||
| Q2 25 | $-0.05 | $-0.06 | ||
| Q1 25 | $0.21 | $-0.21 | ||
| Q4 24 | $0.30 | $-0.06 | ||
| Q3 24 | $0.40 | $-0.05 | ||
| Q2 24 | $-0.02 | $-0.02 | ||
| Q1 24 | $0.55 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $560.7M | $232.1M |
| Total Assets | $8.7B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.8M | $104.5M | ||
| Q3 25 | $59.0M | $100.0M | ||
| Q2 25 | $88.7M | $105.0M | ||
| Q1 25 | $115.5M | $125.6M | ||
| Q4 24 | $118.7M | $142.5M | ||
| Q3 24 | $102.5M | $163.4M | ||
| Q2 24 | $120.9M | $187.4M | ||
| Q1 24 | $100.3M | $204.7M |
| Q4 25 | $560.7M | $232.1M | ||
| Q3 25 | $559.8M | $234.4M | ||
| Q2 25 | $536.4M | $238.8M | ||
| Q1 25 | $543.9M | $250.7M | ||
| Q4 24 | $543.4M | $289.4M | ||
| Q3 24 | $540.1M | $305.1M | ||
| Q2 24 | $533.5M | $329.4M | ||
| Q1 24 | $539.6M | $333.1M |
| Q4 25 | $8.7B | $320.9M | ||
| Q3 25 | $9.0B | $335.8M | ||
| Q2 25 | $7.5B | $354.0M | ||
| Q1 25 | $7.3B | $366.1M | ||
| Q4 24 | $6.9B | $420.2M | ||
| Q3 24 | $7.0B | $448.6M | ||
| Q2 24 | $7.1B | $475.3M | ||
| Q1 24 | $6.4B | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 4.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.6M | $7.7M | ||
| Q3 25 | $17.4M | $-2.1M | ||
| Q2 25 | $11.5M | $-14.9M | ||
| Q1 25 | $12.0M | $-12.2M | ||
| Q4 24 | $55.8M | $-12.0M | ||
| Q3 24 | $14.5M | $-3.7M | ||
| Q2 24 | $13.7M | $-13.9M | ||
| Q1 24 | $12.0M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
| 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.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
