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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and WESTPORT FUEL SYSTEMS INC. (WPRT). 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 $12.5M, roughly 1.6× WESTPORT FUEL SYSTEMS INC.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -274.8%, a 339.8% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -11.4%).

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.

Westport Innovations is a company that develops alternative fuel, low-emissions technologies to allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. Headquartered in Vancouver, British Columbia, Canada, where the company was founded, Westport also has facilities in France, Sweden, Italy, China, Australia and the United States.

MITT vs WPRT — Head-to-Head

Bigger by revenue
MITT
MITT
1.6× larger
MITT
$20.4M
$12.5M
WPRT
Growing faster (revenue YoY)
MITT
MITT
+29.1% gap
MITT
17.7%
-11.4%
WPRT
Higher net margin
MITT
MITT
339.8% more per $
MITT
65.0%
-274.8%
WPRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MITT
MITT
WPRT
WPRT
Revenue
$20.4M
$12.5M
Net Profit
$13.3M
$-34.3M
Gross Margin
6.7%
Operating Margin
67.1%
-8.1%
Net Margin
65.0%
-274.8%
Revenue YoY
17.7%
-11.4%
Net Profit YoY
-7.0%
-690.4%
EPS (diluted)
$0.27
$-1.98

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
WPRT
WPRT
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
$12.5M
Q1 25
$18.8M
Q4 24
$17.4M
Q3 24
$14.9M
$4.9M
Q2 24
$16.4M
$14.1M
Q1 24
$17.2M
Net Profit
MITT
MITT
WPRT
WPRT
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
$-34.3M
Q1 25
$11.5M
Q4 24
$14.3M
Q3 24
$16.6M
$-3.9M
Q2 24
$3.9M
$5.8M
Q1 24
$20.9M
Gross Margin
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
Q4 24
Q3 24
13.6%
Q2 24
16.7%
Q1 24
Operating Margin
MITT
MITT
WPRT
WPRT
Q4 25
67.1%
Q3 25
Q2 25
20.9%
-8.1%
Q1 25
54.6%
Q4 24
76.7%
Q3 24
-43.9%
Q2 24
18.4%
-54.9%
Q1 24
Net Margin
MITT
MITT
WPRT
WPRT
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
-274.8%
Q1 25
60.9%
Q4 24
82.2%
Q3 24
111.3%
-79.3%
Q2 24
24.0%
41.2%
Q1 24
121.6%
EPS (diluted)
MITT
MITT
WPRT
WPRT
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
$-1.98
Q1 25
$0.21
Q4 24
$0.30
Q3 24
$0.40
$-0.22
Q2 24
$-0.02
$0.34
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
WPRT
WPRT
Cash + ST InvestmentsLiquidity on hand
$57.8M
$6.1M
Total DebtLower is stronger
$977.0K
Stockholders' EquityBook value
$560.7M
$108.9M
Total Assets
$8.7B
$272.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
WPRT
WPRT
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
$6.1M
Q1 25
$115.5M
Q4 24
$118.7M
Q3 24
$102.5M
Q2 24
$120.9M
Q1 24
$100.3M
Total Debt
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$977.0K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MITT
MITT
WPRT
WPRT
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
$108.9M
Q1 25
$543.9M
Q4 24
$543.4M
Q3 24
$540.1M
$149.3M
Q2 24
$533.5M
$151.5M
Q1 24
$539.6M
Total Assets
MITT
MITT
WPRT
WPRT
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
$272.1M
Q1 25
$7.3B
Q4 24
$6.9B
Q3 24
$7.0B
Q2 24
$7.1B
Q1 24
$6.4B
Debt / Equity
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
WPRT
WPRT
Operating Cash FlowLast quarter
$59.6M
$-5.6M
Free Cash FlowOCF − Capex
$-6.4M
FCF MarginFCF / Revenue
-51.6%
Capex IntensityCapex / Revenue
6.6%
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
WPRT
WPRT
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
$-5.6M
Q1 25
$12.0M
Q4 24
$55.8M
Q3 24
$14.5M
$-11.7M
Q2 24
$13.7M
$1.5M
Q1 24
$12.0M
Free Cash Flow
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$-6.4M
Q1 25
Q4 24
Q3 24
$-11.9M
Q2 24
$262.0K
Q1 24
FCF Margin
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
-51.6%
Q1 25
Q4 24
Q3 24
-243.4%
Q2 24
1.9%
Q1 24
Capex Intensity
MITT
MITT
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.6%
Q1 25
Q4 24
Q3 24
3.8%
Q2 24
8.9%
Q1 24
Cash Conversion
MITT
MITT
WPRT
WPRT
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×
0.26×
Q1 24
0.57×

Financial Flow Comparison

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

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