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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) and Zeo Energy Corp. (ZEO). 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 $18.6M, roughly 1.1× Zeo Energy Corp.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -10.8%, a 75.8% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -0.4%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% CAGR vs -4.0%).
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.
MITT vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.4M | $18.6M |
| Net Profit | $13.3M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | 67.1% | -11.8% |
| Net Margin | 65.0% | -10.8% |
| Revenue YoY | 17.7% | -0.4% |
| Net Profit YoY | -7.0% | -360.9% |
| EPS (diluted) | $0.27 | — |
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 | $18.6M | ||
| Q3 25 | $19.5M | $23.9M | ||
| Q2 25 | $17.8M | $18.1M | ||
| Q1 25 | $18.8M | $8.8M | ||
| Q4 24 | $17.4M | $18.6M | ||
| Q3 24 | $14.9M | $19.7M | ||
| Q2 24 | $16.4M | $14.8M | ||
| Q1 24 | $17.2M | $20.1M |
| Q4 25 | $13.3M | $-2.0M | ||
| Q3 25 | $20.0M | $-3.2M | ||
| Q2 25 | $3.9M | $-2.4M | ||
| Q1 25 | $11.5M | $-6.4M | ||
| Q4 24 | $14.3M | $-435.3K | ||
| Q3 24 | $16.6M | $-424.3K | ||
| Q2 24 | $3.9M | $-277.8K | ||
| Q1 24 | $20.9M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | 67.1% | -11.8% | ||
| Q3 25 | — | -8.3% | ||
| Q2 25 | 20.9% | -15.8% | ||
| Q1 25 | 54.6% | -153.8% | ||
| Q4 24 | 76.7% | -6.0% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | 18.4% | -18.0% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | 65.0% | -10.8% | ||
| Q3 25 | 102.5% | -13.5% | ||
| Q2 25 | 22.2% | -13.3% | ||
| Q1 25 | 60.9% | -72.4% | ||
| Q4 24 | 82.2% | -2.3% | ||
| Q3 24 | 111.3% | -2.2% | ||
| Q2 24 | 24.0% | -1.9% | ||
| Q1 24 | 121.6% | -7.6% |
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.47 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $0.21 | $-0.48 | ||
| Q4 24 | $0.30 | $1.11 | ||
| Q3 24 | $0.40 | $-0.08 | ||
| Q2 24 | $-0.02 | $0.03 | ||
| Q1 24 | $0.55 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $560.7M | $5.3M |
| Total Assets | $8.7B | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.8M | $6.1M | ||
| Q3 25 | $59.0M | $3.9M | ||
| Q2 25 | $88.7M | $68.7K | ||
| Q1 25 | $115.5M | $2.9M | ||
| Q4 24 | $118.7M | $5.6M | ||
| Q3 24 | $102.5M | $4.3M | ||
| Q2 24 | $120.9M | $5.3M | ||
| Q1 24 | $100.3M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $560.7M | $5.3M | ||
| Q3 25 | $559.8M | $-1.7M | ||
| Q2 25 | $536.4M | $-59.4M | ||
| Q1 25 | $543.9M | $-23.1M | ||
| Q4 24 | $543.4M | $-88.9M | ||
| Q3 24 | $540.1M | $-39.3M | ||
| Q2 24 | $533.5M | $-53.0M | ||
| Q1 24 | $539.6M | $-173.0M |
| Q4 25 | $8.7B | $56.9M | ||
| Q3 25 | $9.0B | $58.5M | ||
| Q2 25 | $7.5B | $46.2M | ||
| Q1 25 | $7.3B | $47.4M | ||
| Q4 24 | $6.9B | $61.0M | ||
| Q3 24 | $7.0B | $47.1M | ||
| Q2 24 | $7.1B | $49.1M | ||
| Q1 24 | $6.4B | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $59.6M | $2.4M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 4.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.6M | $2.4M | ||
| Q3 25 | $17.4M | $-6.6M | ||
| Q2 25 | $11.5M | $-2.3M | ||
| Q1 25 | $12.0M | $-2.3M | ||
| Q4 24 | $55.8M | $3.5M | ||
| Q3 24 | $14.5M | $162.2K | ||
| Q2 24 | $13.7M | $-2.2M | ||
| Q1 24 | $12.0M | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | — | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | — | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
| 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.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
