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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and Village Farms International, Inc. (VFF). 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 $12.2M, roughly 1.7× Village Farms International, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 19.9%, a 45.1% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% 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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

MITT vs VFF — Head-to-Head

Bigger by revenue
MITT
MITT
1.7× larger
MITT
$20.4M
$12.2M
VFF
Growing faster (revenue YoY)
VFF
VFF
+13.9% gap
VFF
31.5%
17.7%
MITT
Higher net margin
MITT
MITT
45.1% more per $
MITT
65.0%
19.9%
VFF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MITT
MITT
VFF
VFF
Revenue
$20.4M
$12.2M
Net Profit
$13.3M
$2.4M
Gross Margin
Operating Margin
67.1%
Net Margin
65.0%
19.9%
Revenue YoY
17.7%
31.5%
Net Profit YoY
-7.0%
128.2%
EPS (diluted)
$0.27
$0.01

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
VFF
VFF
Q4 25
$20.4M
$12.2M
Q3 25
$19.5M
$66.7M
Q2 25
$17.8M
$59.9M
Q1 25
$18.8M
$77.1M
Q4 24
$17.4M
Q3 24
$14.9M
$54.9M
Q2 24
$16.4M
$53.6M
Q1 24
$17.2M
$78.1M
Net Profit
MITT
MITT
VFF
VFF
Q4 25
$13.3M
$2.4M
Q3 25
$20.0M
$10.2M
Q2 25
$3.9M
$26.5M
Q1 25
$11.5M
$-6.7M
Q4 24
$14.3M
Q3 24
$16.6M
$-820.0K
Q2 24
$3.9M
$-23.5M
Q1 24
$20.9M
$-2.9M
Gross Margin
MITT
MITT
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
MITT
MITT
VFF
VFF
Q4 25
67.1%
Q3 25
23.3%
Q2 25
20.9%
20.8%
Q1 25
54.6%
-8.0%
Q4 24
76.7%
Q3 24
3.8%
Q2 24
18.4%
-43.5%
Q1 24
-3.0%
Net Margin
MITT
MITT
VFF
VFF
Q4 25
65.0%
19.9%
Q3 25
102.5%
15.3%
Q2 25
22.2%
44.2%
Q1 25
60.9%
-8.7%
Q4 24
82.2%
Q3 24
111.3%
-1.5%
Q2 24
24.0%
-43.9%
Q1 24
121.6%
-3.7%
EPS (diluted)
MITT
MITT
VFF
VFF
Q4 25
$0.27
$0.01
Q3 25
$0.47
$0.08
Q2 25
$-0.05
$0.24
Q1 25
$0.21
$-0.06
Q4 24
$0.30
Q3 24
$0.40
$-0.01
Q2 24
$-0.02
$-0.21
Q1 24
$0.55
$-0.03

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$57.8M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$560.7M
$299.9M
Total Assets
$8.7B
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
VFF
VFF
Q4 25
$57.8M
$81.2M
Q3 25
$59.0M
$82.6M
Q2 25
$88.7M
$60.0M
Q1 25
$115.5M
$15.1M
Q4 24
$118.7M
Q3 24
$102.5M
$28.7M
Q2 24
$120.9M
$29.7M
Q1 24
$100.3M
$26.7M
Total Debt
MITT
MITT
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Stockholders' Equity
MITT
MITT
VFF
VFF
Q4 25
$560.7M
$299.9M
Q3 25
$559.8M
$295.4M
Q2 25
$536.4M
$284.3M
Q1 25
$543.9M
$248.3M
Q4 24
$543.4M
Q3 24
$540.1M
$274.4M
Q2 24
$533.5M
$275.2M
Q1 24
$539.6M
$296.2M
Total Assets
MITT
MITT
VFF
VFF
Q4 25
$8.7B
$423.1M
Q3 25
$9.0B
$418.4M
Q2 25
$7.5B
$403.7M
Q1 25
$7.3B
$377.1M
Q4 24
$6.9B
Q3 24
$7.0B
$417.8M
Q2 24
$7.1B
$425.4M
Q1 24
$6.4B
$458.4M
Debt / Equity
MITT
MITT
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×

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
VFF
VFF
Operating Cash FlowLast quarter
$59.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
90.8%
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
VFF
VFF
Q4 25
$59.6M
Q3 25
$17.4M
$24.4M
Q2 25
$11.5M
Q1 25
$12.0M
$-6.4M
Q4 24
$55.8M
Q3 24
$14.5M
$4.3M
Q2 24
$13.7M
$5.7M
Q1 24
$12.0M
$-50.0K
Free Cash Flow
MITT
MITT
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
Q1 25
$-8.9M
Q4 24
Q3 24
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
FCF Margin
MITT
MITT
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
Q1 25
-11.6%
Q4 24
Q3 24
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Capex Intensity
MITT
MITT
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q4 24
Q3 24
5.1%
Q2 24
1.6%
Q1 24
2.4%
Cash Conversion
MITT
MITT
VFF
VFF
Q4 25
4.48×
Q3 25
0.87×
2.39×
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
MITT

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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