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Side-by-side financial comparison of Marti Technologies, Inc. (MRT) 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 $14.6M, roughly 1.8× Marti Technologies, Inc.). On growth, Marti Technologies, Inc. posted the faster year-over-year revenue change (63.1% vs -6.1%).

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

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.

MRT vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.8× larger
RWT
$25.9M
$14.6M
MRT
Growing faster (revenue YoY)
MRT
MRT
+69.1% gap
MRT
63.1%
-6.1%
RWT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
MRT
MRT
RWT
RWT
Revenue
$14.6M
$25.9M
Net Profit
$20.0M
Gross Margin
49.4%
Operating Margin
-86.1%
Net Margin
77.2%
Revenue YoY
63.1%
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$-0.26
$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
MRT
MRT
RWT
RWT
Q4 25
$25.9M
Q3 25
$15.0M
Q2 25
$14.6M
$13.8M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$8.9M
$67.4M
Q1 24
$74.5M
Net Profit
MRT
MRT
RWT
RWT
Q4 25
$20.0M
Q3 25
$-7.7M
Q2 25
$-98.5M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
MRT
MRT
RWT
RWT
Q4 25
Q3 25
Q2 25
49.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
MRT
MRT
RWT
RWT
Q4 25
Q3 25
-9.0%
Q2 25
-86.1%
-679.0%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
86.1%
Q2 24
-204.1%
30.3%
Q1 24
41.3%
Net Margin
MRT
MRT
RWT
RWT
Q4 25
77.2%
Q3 25
-51.4%
Q2 25
-712.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
MRT
MRT
RWT
RWT
Q4 25
$0.11
Q3 25
$-0.08
Q2 25
$-0.26
$-0.76
Q1 25
$0.10
Q4 24
$-0.08
Q3 24
$0.09
Q2 24
$-0.38
$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
MRT
MRT
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$4.2M
$255.7M
Total DebtLower is stronger
$83.0M
Stockholders' EquityBook value
$-73.2M
$982.6M
Total Assets
$17.2M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRT
MRT
RWT
RWT
Q4 25
$255.7M
Q3 25
$226.3M
Q2 25
$4.2M
$302.0M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$9.0M
$275.6M
Q1 24
$275.4M
Total Debt
MRT
MRT
RWT
RWT
Q4 25
Q3 25
Q2 25
$83.0M
Q1 25
Q4 24
Q3 24
Q2 24
$60.2M
Q1 24
$1.7B
Stockholders' Equity
MRT
MRT
RWT
RWT
Q4 25
$982.6M
Q3 25
$999.0M
Q2 25
$-73.2M
$1.1B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$-51.2M
$1.2B
Q1 24
$1.2B
Total Assets
MRT
MRT
RWT
RWT
Q4 25
$23.7B
Q3 25
$22.6B
Q2 25
$17.2M
$21.3B
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$25.0M
$16.5B
Q1 24
$15.1B
Debt / Equity
MRT
MRT
RWT
RWT
Q4 25
Q3 25
Q2 25
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
MRT
MRT
RWT
RWT
Operating Cash FlowLast quarter
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRT
MRT
RWT
RWT
Q4 25
$-10.1B
Q3 25
$-2.7B
Q2 25
$-2.1B
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Cash Conversion
MRT
MRT
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.

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