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Side-by-side financial comparison of PEDEVCO CORP (PED) 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 $23.1M, roughly 1.1× PEDEVCO CORP). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -36.8%, a 114.1% gap on every dollar of revenue. On growth, PEDEVCO CORP posted the faster year-over-year revenue change (118.2% vs -6.1%). Over the past eight quarters, PEDEVCO CORP's revenue compounded faster (68.6% CAGR vs -41.0%).

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

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.

PED vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.1× larger
RWT
$25.9M
$23.1M
PED
Growing faster (revenue YoY)
PED
PED
+124.3% gap
PED
118.2%
-6.1%
RWT
Higher net margin
RWT
RWT
114.1% more per $
RWT
77.2%
-36.8%
PED
Faster 2-yr revenue CAGR
PED
PED
Annualised
PED
68.6%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PED
PED
RWT
RWT
Revenue
$23.1M
$25.9M
Net Profit
$-8.5M
$20.0M
Gross Margin
Operating Margin
-21.3%
Net Margin
-36.8%
77.2%
Revenue YoY
118.2%
-6.1%
Net Profit YoY
-243.5%
402.6%
EPS (diluted)
$-2.23
$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
PED
PED
RWT
RWT
Q4 25
$23.1M
$25.9M
Q3 25
$7.0M
$15.0M
Q2 25
$7.0M
$13.8M
Q1 25
$8.7M
$27.9M
Q4 24
$10.6M
$27.6M
Q3 24
$9.1M
$25.5M
Q2 24
$11.8M
$67.4M
Q1 24
$8.1M
$74.5M
Net Profit
PED
PED
RWT
RWT
Q4 25
$-8.5M
$20.0M
Q3 25
$-325.0K
$-7.7M
Q2 25
$-1.7M
$-98.5M
Q1 25
$140.0K
$16.1M
Q4 24
$5.9M
$-6.6M
Q3 24
$2.9M
$14.8M
Q2 24
$2.7M
$15.5M
Q1 24
$773.0K
$30.3M
Operating Margin
PED
PED
RWT
RWT
Q4 25
-21.3%
Q3 25
-12.0%
-9.0%
Q2 25
-32.2%
-679.0%
Q1 25
1.7%
80.2%
Q4 24
-12.9%
-1.3%
Q3 24
31.3%
86.1%
Q2 24
22.3%
30.3%
Q1 24
7.6%
41.3%
Net Margin
PED
PED
RWT
RWT
Q4 25
-36.8%
77.2%
Q3 25
-4.7%
-51.4%
Q2 25
-24.0%
-712.0%
Q1 25
1.6%
57.8%
Q4 24
56.0%
-24.0%
Q3 24
32.2%
58.1%
Q2 24
22.7%
23.0%
Q1 24
9.5%
40.6%
EPS (diluted)
PED
PED
RWT
RWT
Q4 25
$-2.23
$0.11
Q3 25
$0.00
$-0.08
Q2 25
$-0.02
$-0.76
Q1 25
$0.00
$0.10
Q4 24
$2.69
$-0.08
Q3 24
$0.03
$0.09
Q2 24
$0.03
$0.10
Q1 24
$0.01
$0.21

Balance Sheet & Financial Strength

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

Metric
PED
PED
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$3.2M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$207.4M
$982.6M
Total Assets
$375.9M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PED
PED
RWT
RWT
Q4 25
$3.2M
$255.7M
Q3 25
$10.9M
$226.3M
Q2 25
$8.5M
$302.0M
Q1 25
$10.4M
$259.9M
Q4 24
$4.0M
$245.2M
Q3 24
$4.6M
$253.7M
Q2 24
$6.1M
$275.6M
Q1 24
$13.3M
$275.4M
Total Debt
PED
PED
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
PED
PED
RWT
RWT
Q4 25
$207.4M
$982.6M
Q3 25
$115.4M
$999.0M
Q2 25
$115.2M
$1.1B
Q1 25
$116.2M
$1.2B
Q4 24
$115.6M
$1.2B
Q3 24
$106.5M
$1.2B
Q2 24
$103.2M
$1.2B
Q1 24
$100.0M
$1.2B
Total Assets
PED
PED
RWT
RWT
Q4 25
$375.9M
$23.7B
Q3 25
$135.9M
$22.6B
Q2 25
$136.8M
$21.3B
Q1 25
$145.6M
$19.9B
Q4 24
$128.3M
$18.3B
Q3 24
$114.3M
$18.4B
Q2 24
$111.0M
$16.5B
Q1 24
$118.3M
$15.1B
Debt / Equity
PED
PED
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
PED
PED
RWT
RWT
Operating Cash FlowLast quarter
$-2.1M
$-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
PED
PED
RWT
RWT
Q4 25
$-2.1M
$-10.1B
Q3 25
$7.4M
$-2.7B
Q2 25
$-420.0K
$-2.1B
Q1 25
$5.9M
$-2.0B
Q4 24
$4.2M
$-5.9B
Q3 24
$8.3M
$-2.1B
Q2 24
$4.6M
$-2.0B
Q1 24
$-4.3M
$-954.2M
Cash Conversion
PED
PED
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
42.34×
-120.92×
Q4 24
0.71×
Q3 24
2.83×
-140.86×
Q2 24
1.71×
-126.56×
Q1 24
-5.56×
-31.53×

Financial Flow Comparison

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

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