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

Entrada Therapeutics, Inc. is the larger business by last-quarter revenue ($20.6M vs $20.4M, roughly 1.0× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -84.4%, a 149.4% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -65.2%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs 6.4%).

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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

MITT vs TRDA — Head-to-Head

Bigger by revenue
TRDA
TRDA
1.0× larger
TRDA
$20.6M
$20.4M
MITT
Growing faster (revenue YoY)
MITT
MITT
+82.9% gap
MITT
17.7%
-65.2%
TRDA
Higher net margin
MITT
MITT
149.4% more per $
MITT
65.0%
-84.4%
TRDA
Faster 2-yr revenue CAGR
MITT
MITT
Annualised
MITT
9.1%
6.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
MITT
MITT
TRDA
TRDA
Revenue
$20.4M
$20.6M
Net Profit
$13.3M
$-17.3M
Gross Margin
Operating Margin
67.1%
-106.0%
Net Margin
65.0%
-84.4%
Revenue YoY
17.7%
-65.2%
Net Profit YoY
-7.0%
-173.8%
EPS (diluted)
$0.27
$-0.42

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
TRDA
TRDA
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
Q1 25
$18.8M
$20.6M
Q4 24
$17.4M
$37.4M
Q3 24
$14.9M
$19.6M
Q2 24
$16.4M
$94.7M
Q1 24
$17.2M
$59.1M
Net Profit
MITT
MITT
TRDA
TRDA
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
Q1 25
$11.5M
$-17.3M
Q4 24
$14.3M
$1.1M
Q3 24
$16.6M
$-14.0M
Q2 24
$3.9M
$55.0M
Q1 24
$20.9M
$23.5M
Operating Margin
MITT
MITT
TRDA
TRDA
Q4 25
67.1%
Q3 25
Q2 25
20.9%
Q1 25
54.6%
-106.0%
Q4 24
76.7%
-15.7%
Q3 24
-110.7%
Q2 24
18.4%
56.4%
Q1 24
35.7%
Net Margin
MITT
MITT
TRDA
TRDA
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
Q1 25
60.9%
-84.4%
Q4 24
82.2%
3.0%
Q3 24
111.3%
-71.7%
Q2 24
24.0%
58.1%
Q1 24
121.6%
39.7%
EPS (diluted)
MITT
MITT
TRDA
TRDA
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$0.21
$-0.42
Q4 24
$0.30
$-0.20
Q3 24
$0.40
$-0.35
Q2 24
$-0.02
$1.55
Q1 24
$0.55
$0.68

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$57.8M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.7M
$417.3M
Total Assets
$8.7B
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
TRDA
TRDA
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
Q1 25
$115.5M
$67.8M
Q4 24
$118.7M
$101.2M
Q3 24
$102.5M
$78.0M
Q2 24
$120.9M
$185.3M
Q1 24
$100.3M
$68.4M
Stockholders' Equity
MITT
MITT
TRDA
TRDA
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
Q1 25
$543.9M
$417.3M
Q4 24
$543.4M
$428.7M
Q3 24
$540.1M
$422.4M
Q2 24
$533.5M
$429.9M
Q1 24
$539.6M
$269.4M
Total Assets
MITT
MITT
TRDA
TRDA
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
Q1 25
$7.3B
$486.5M
Q4 24
$6.9B
$526.3M
Q3 24
$7.0B
$554.6M
Q2 24
$7.1B
$582.0M
Q1 24
$6.4B
$510.8M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$59.6M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MITT
MITT
TRDA
TRDA
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
Q1 25
$12.0M
$-38.5M
Q4 24
$55.8M
$-31.6M
Q3 24
$14.5M
$-24.3M
Q2 24
$13.7M
$39.8M
Q1 24
$12.0M
$-25.5M
Free Cash Flow
MITT
MITT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
$-39.7M
Q4 24
$-32.2M
Q3 24
$-24.9M
Q2 24
$38.8M
Q1 24
$-26.4M
FCF Margin
MITT
MITT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-192.9%
Q4 24
-86.2%
Q3 24
-127.3%
Q2 24
41.0%
Q1 24
-44.6%
Capex Intensity
MITT
MITT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
5.6%
Q4 24
1.7%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
1.4%
Cash Conversion
MITT
MITT
TRDA
TRDA
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
-27.94×
Q3 24
0.87×
Q2 24
3.50×
0.72×
Q1 24
0.57×
-1.09×

Financial Flow Comparison

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

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