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Side-by-side financial comparison of Medirom Healthcare Technologies Inc. (MRM) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $21.1M, roughly 1.2× Medirom Healthcare Technologies Inc.). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -21.3%, a 98.5% gap on every dollar of revenue.

Medirom Healthcare Technologies Inc. develops and delivers integrated digital health and remote patient monitoring solutions targeted at chronic disease management, post-operative care, and senior health support. It serves healthcare providers, insurance payers, and institutional care partners across key markets in North America and the Asia-Pacific region, prioritizing accessible, data-driven care to improve patient outcomes.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

MRM vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.2× larger
RWT
$25.9M
$21.1M
MRM
Higher net margin
RWT
RWT
98.5% more per $
RWT
77.2%
-21.3%
MRM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
MRM
MRM
RWT
RWT
Revenue
$21.1M
$25.9M
Net Profit
$-4.5M
$20.0M
Gross Margin
10.8%
Operating Margin
-28.5%
Net Margin
-21.3%
77.2%
Revenue YoY
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$0.11

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
MRM
MRM
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$21.1M
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
MRM
MRM
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-4.5M
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
10.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MRM
MRM
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
-28.5%
-679.0%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
86.1%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
MRM
MRM
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-21.3%
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
MRM
MRM
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.76
Q1 25
$0.10
Q4 24
$-0.08
Q3 24
$0.09
Q2 24
$0.10
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
MRM
MRM
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$252.3K
$255.7M
Total DebtLower is stronger
$8.8M
Stockholders' EquityBook value
$1.6M
$982.6M
Total Assets
$52.0M
$23.7B
Debt / EquityLower = less leverage
5.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRM
MRM
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$252.3K
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
$8.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
MRM
MRM
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$1.6M
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
MRM
MRM
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$52.0M
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
5.55×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRM
MRM
RWT
RWT
Operating Cash FlowLast quarter
$-2.3K
$-10.1B
Free Cash FlowOCF − Capex
$-2.4K
FCF MarginFCF / Revenue
-0.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRM
MRM
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.3K
$-2.1B
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
$-2.4K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
-0.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
MRM
MRM
RWT
RWT
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
MRM
MRM
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRM
MRM

Professional services expense$20.0M95%
Other$1.1M5%

RWT
RWT

Segment breakdown not available.

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