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Side-by-side financial comparison of NOCERA, INC. (NCRA) and Rithm Property Trust Inc. (RPT). Click either name above to swap in a different company.

NOCERA, INC. is the larger business by last-quarter revenue ($3.5M vs $3.4M, roughly 1.0× Rithm Property Trust Inc.). Rithm Property Trust Inc. runs the higher net margin — 95.4% vs -18.2%, a 113.6% gap on every dollar of revenue. On growth, NOCERA, INC. posted the faster year-over-year revenue change (-12.0% vs -39.7%). Over the past eight quarters, NOCERA, INC.'s revenue compounded faster (-15.3% CAGR vs -43.2%).

Nocera Inc. is a Japan-based enterprise specializing in recirculating aquaculture system (RAS) technology for sustainable inland fish farming. It designs, manufactures and sells RAS equipment, operates commercial fish production facilities, and serves customers across Asia, focusing on reducing aquaculture's environmental impact.

Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.

NCRA vs RPT — Head-to-Head

Bigger by revenue
NCRA
NCRA
1.0× larger
NCRA
$3.5M
$3.4M
RPT
Growing faster (revenue YoY)
NCRA
NCRA
+27.7% gap
NCRA
-12.0%
-39.7%
RPT
Higher net margin
RPT
RPT
113.6% more per $
RPT
95.4%
-18.2%
NCRA
Faster 2-yr revenue CAGR
NCRA
NCRA
Annualised
NCRA
-15.3%
-43.2%
RPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NCRA
NCRA
RPT
RPT
Revenue
$3.5M
$3.4M
Net Profit
$-639.5K
$3.2M
Gross Margin
1.1%
Operating Margin
-14.2%
99.6%
Net Margin
-18.2%
95.4%
Revenue YoY
-12.0%
-39.7%
Net Profit YoY
83.9%
11.2%
EPS (diluted)
$-0.05
$-0.26

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
NCRA
NCRA
RPT
RPT
Q4 25
$3.5M
$3.4M
Q3 25
$1.6M
$4.0M
Q2 25
$4.0M
$4.2M
Q1 25
$4.5M
$249.0K
Q4 24
$4.0M
Q3 24
$1.4M
Q2 24
$6.8M
Q1 24
$4.9M
Net Profit
NCRA
NCRA
RPT
RPT
Q4 25
$-639.5K
$3.2M
Q3 25
$-1.5M
$-273.0K
Q2 25
$-491.7K
$1.9M
Q1 25
$-248.0K
$-3.4M
Q4 24
$-4.0M
Q3 24
$-315.3K
Q2 24
$84.4K
Q1 24
$-288.6K
Gross Margin
NCRA
NCRA
RPT
RPT
Q4 25
1.1%
Q3 25
3.1%
Q2 25
0.8%
Q1 25
1.1%
Q4 24
4.3%
Q3 24
2.5%
Q2 24
0.7%
Q1 24
1.7%
Operating Margin
NCRA
NCRA
RPT
RPT
Q4 25
-14.2%
99.6%
Q3 25
-51.2%
-6.2%
Q2 25
-5.1%
45.7%
Q1 25
-6.3%
-1416.5%
Q4 24
-95.6%
Q3 24
-22.1%
Q2 24
-4.6%
Q1 24
-7.5%
Net Margin
NCRA
NCRA
RPT
RPT
Q4 25
-18.2%
95.4%
Q3 25
-93.6%
-6.8%
Q2 25
-12.4%
45.1%
Q1 25
-5.5%
-1363.1%
Q4 24
-99.3%
Q3 24
-23.1%
Q2 24
1.3%
Q1 24
-5.9%
EPS (diluted)
NCRA
NCRA
RPT
RPT
Q4 25
$-0.05
$-0.26
Q3 25
$-0.10
$-0.03
Q2 25
$-0.03
$0.01
Q1 25
$-0.02
$-0.08
Q4 24
$-0.30
Q3 24
$-0.02
Q2 24
$0.01
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
NCRA
NCRA
RPT
RPT
Cash + ST InvestmentsLiquidity on hand
$8.0M
$79.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-440.7K
$291.6M
Total Assets
$10.1M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NCRA
NCRA
RPT
RPT
Q4 25
$8.0M
$79.3M
Q3 25
$2.0M
$81.4M
Q2 25
$150.1K
$98.6M
Q1 25
$531.8K
$97.4M
Q4 24
$484.2K
Q3 24
$372.3K
Q2 24
$586.4K
Q1 24
$961.8K
Stockholders' Equity
NCRA
NCRA
RPT
RPT
Q4 25
$-440.7K
$291.6M
Q3 25
$4.9M
$291.7M
Q2 25
$3.7M
$294.7M
Q1 25
$4.1M
$296.1M
Q4 24
$2.1M
Q3 24
$5.4M
Q2 24
$5.6M
Q1 24
$5.0M
Total Assets
NCRA
NCRA
RPT
RPT
Q4 25
$10.1M
$1.0B
Q3 25
$5.9M
$1.0B
Q2 25
$4.4M
$1.0B
Q1 25
$4.8M
$1.0B
Q4 24
$2.9M
Q3 24
$6.0M
Q2 24
$6.3M
Q1 24
$6.6M

Cash Flow & Capital Efficiency

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

Metric
NCRA
NCRA
RPT
RPT
Operating Cash FlowLast quarter
$-1.5M
$-8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-2.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCRA
NCRA
RPT
RPT
Q4 25
$-1.5M
$-8.3M
Q3 25
$-802.8K
$-5.8M
Q2 25
$-205.2K
$-25.0K
Q1 25
$-115.1K
$-1.6M
Q4 24
$-1.2M
Q3 24
$-209.0K
Q2 24
$-239.6K
Q1 24
$-461.0K
Free Cash Flow
NCRA
NCRA
RPT
RPT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-240.5K
Q1 24
FCF Margin
NCRA
NCRA
RPT
RPT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-3.6%
Q1 24
Capex Intensity
NCRA
NCRA
RPT
RPT
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
NCRA
NCRA
RPT
RPT
Q4 25
-2.56×
Q3 25
Q2 25
-0.01×
Q1 25
Q4 24
Q3 24
Q2 24
-2.84×
Q1 24

Financial Flow Comparison

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

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