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Side-by-side financial comparison of NVE CORP (NVEC) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $6.2M, roughly 1.1× NVE CORP). NVE CORP runs the higher net margin — 54.4% vs -150.2%, a 204.6% gap on every dollar of revenue. On growth, NVE CORP posted the faster year-over-year revenue change (22.9% vs -37.4%). Over the past eight quarters, NVE CORP's revenue compounded faster (-6.3% CAGR vs -31.3%).

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

NVEC vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.1× larger
TPTA
$7.1M
$6.2M
NVEC
Growing faster (revenue YoY)
NVEC
NVEC
+60.3% gap
NVEC
22.9%
-37.4%
TPTA
Higher net margin
NVEC
NVEC
204.6% more per $
NVEC
54.4%
-150.2%
TPTA
Faster 2-yr revenue CAGR
NVEC
NVEC
Annualised
NVEC
-6.3%
-31.3%
TPTA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
NVEC
NVEC
TPTA
TPTA
Revenue
$6.2M
$7.1M
Net Profit
$3.4M
$-10.6M
Gross Margin
78.6%
Operating Margin
60.2%
-48.8%
Net Margin
54.4%
-150.2%
Revenue YoY
22.9%
-37.4%
Net Profit YoY
11.0%
32.0%
EPS (diluted)
$0.70
$-0.43

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
NVEC
NVEC
TPTA
TPTA
Q4 25
$6.2M
$7.1M
Q3 25
$6.3M
$7.3M
Q2 25
$6.1M
$8.6M
Q1 25
$7.3M
$12.5M
Q4 24
$5.1M
$11.3M
Q3 24
$6.8M
$12.2M
Q2 24
$6.8M
$11.2M
Q1 24
$7.1M
$15.0M
Net Profit
NVEC
NVEC
TPTA
TPTA
Q4 25
$3.4M
$-10.6M
Q3 25
$3.3M
$-6.7M
Q2 25
$3.6M
$-9.2M
Q1 25
$3.9M
$-1.3M
Q4 24
$3.0M
$-15.6M
Q3 24
$4.0M
$-7.8M
Q2 24
$4.1M
$-7.5M
Q1 24
$3.8M
$-6.2M
Gross Margin
NVEC
NVEC
TPTA
TPTA
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
NVEC
NVEC
TPTA
TPTA
Q4 25
60.2%
-48.8%
Q3 25
57.6%
6.7%
Q2 25
62.0%
-28.4%
Q1 25
58.4%
32.8%
Q4 24
58.5%
-72.3%
Q3 24
65.0%
54.1%
Q2 24
64.7%
6.3%
Q1 24
57.3%
32.0%
Net Margin
NVEC
NVEC
TPTA
TPTA
Q4 25
54.4%
-150.2%
Q3 25
52.2%
-92.4%
Q2 25
58.6%
-106.5%
Q1 25
53.5%
-10.3%
Q4 24
60.2%
-138.3%
Q3 24
59.6%
-63.9%
Q2 24
60.4%
-67.5%
Q1 24
53.8%
-41.2%
EPS (diluted)
NVEC
NVEC
TPTA
TPTA
Q4 25
$0.70
$-0.43
Q3 25
$0.68
$-0.28
Q2 25
$0.74
$-0.38
Q1 25
$0.80
$-0.05
Q4 24
$0.63
$-0.65
Q3 24
$0.83
$-0.32
Q2 24
$0.85
$-0.31
Q1 24
$0.78
$-0.25

Balance Sheet & Financial Strength

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

Metric
NVEC
NVEC
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$20.6M
$33.2M
Total DebtLower is stronger
$178.9M
Stockholders' EquityBook value
$58.3M
$146.5M
Total Assets
$60.0M
$351.5M
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVEC
NVEC
TPTA
TPTA
Q4 25
$20.6M
$33.2M
Q3 25
$17.7M
$17.4M
Q2 25
$15.8M
$5.9M
Q1 25
$21.7M
$11.9M
Q4 24
$20.4M
$8.6M
Q3 24
$22.9M
$21.2M
Q2 24
$21.7M
$18.9M
Q1 24
$22.2M
$17.9M
Total Debt
NVEC
NVEC
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
NVEC
NVEC
TPTA
TPTA
Q4 25
$58.3M
$146.5M
Q3 25
$59.7M
$159.7M
Q2 25
$61.1M
$168.5M
Q1 25
$62.3M
$179.9M
Q4 24
$63.0M
$185.7M
Q3 24
$64.9M
$206.2M
Q2 24
$64.9M
$218.6M
Q1 24
$65.6M
$230.5M
Total Assets
NVEC
NVEC
TPTA
TPTA
Q4 25
$60.0M
$351.5M
Q3 25
$61.5M
$398.1M
Q2 25
$63.6M
$459.3M
Q1 25
$64.3M
$495.2M
Q4 24
$64.6M
$542.8M
Q3 24
$65.9M
$546.8M
Q2 24
$66.7M
$634.4M
Q1 24
$66.8M
$640.2M
Debt / Equity
NVEC
NVEC
TPTA
TPTA
Q4 25
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

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

Metric
NVEC
NVEC
TPTA
TPTA
Operating Cash FlowLast quarter
$4.2M
$1.9M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-77.0%
Capex IntensityCapex / Revenue
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVEC
NVEC
TPTA
TPTA
Q4 25
$4.2M
$1.9M
Q3 25
$2.8M
$-4.3M
Q2 25
$5.2M
$1.2M
Q1 25
$2.5M
$861.6K
Q4 24
$3.8M
$-3.3M
Q3 24
$2.1M
$1.7M
Q2 24
$5.9M
$-3.1M
Q1 24
$3.1M
$-4.2M
Free Cash Flow
NVEC
NVEC
TPTA
TPTA
Q4 25
$-4.8M
Q3 25
$2.7M
Q2 25
$4.1M
Q1 25
$-7.5M
Q4 24
$-6.3M
Q3 24
$1.9M
Q2 24
$4.9M
Q1 24
FCF Margin
NVEC
NVEC
TPTA
TPTA
Q4 25
-77.0%
Q3 25
42.9%
Q2 25
67.7%
Q1 25
-103.7%
Q4 24
-124.7%
Q3 24
28.5%
Q2 24
72.8%
Q1 24
Capex Intensity
NVEC
NVEC
TPTA
TPTA
Q4 25
144.3%
Q3 25
1.1%
Q2 25
17.3%
Q1 25
137.9%
Q4 24
200.6%
0.0%
Q3 24
3.1%
Q2 24
13.5%
Q1 24
0.0%
Cash Conversion
NVEC
NVEC
TPTA
TPTA
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

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