vs
Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $93.6M, roughly 1.5× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -2.3%, a 58.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% CAGR vs 8.3%).
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
PMT vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $140.7M |
| Net Profit | $52.4M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 38.6% | -1.6% |
| Net Margin | 56.0% | -2.3% |
| Revenue YoY | -13.3% | 9.1% |
| Net Profit YoY | 12.5% | 62.1% |
| EPS (diluted) | $0.49 | $0.03 |
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.
| Q4 25 | $93.6M | $140.7M | ||
| Q3 25 | $99.2M | $118.8M | ||
| Q2 25 | $70.2M | $105.1M | ||
| Q1 25 | $44.5M | $104.2M | ||
| Q4 24 | $107.9M | $129.0M | ||
| Q3 24 | $80.9M | $118.6M | ||
| Q2 24 | $71.2M | $120.3M | ||
| Q1 24 | $74.2M | $120.0M |
| Q4 25 | $52.4M | $-3.2M | ||
| Q3 25 | $58.3M | $-11.7M | ||
| Q2 25 | $7.5M | $-17.3M | ||
| Q1 25 | $9.7M | $-19.1M | ||
| Q4 24 | $46.5M | $-8.5M | ||
| Q3 24 | $41.4M | $-39.2M | ||
| Q2 24 | $25.4M | $27.0K | ||
| Q1 24 | $47.6M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 38.6% | -1.6% | ||
| Q3 25 | 47.4% | -10.2% | ||
| Q2 25 | 24.2% | -13.5% | ||
| Q1 25 | -14.2% | -13.9% | ||
| Q4 24 | 51.1% | -6.0% | ||
| Q3 24 | 32.8% | -39.5% | ||
| Q2 24 | 40.2% | -12.1% | ||
| Q1 24 | 43.6% | -19.3% |
| Q4 25 | 56.0% | -2.3% | ||
| Q3 25 | 58.7% | -9.9% | ||
| Q2 25 | 10.7% | -16.5% | ||
| Q1 25 | 21.8% | -18.4% | ||
| Q4 24 | 43.1% | -6.6% | ||
| Q3 24 | 51.2% | -33.1% | ||
| Q2 24 | 35.7% | 0.0% | ||
| Q1 24 | 64.2% | -41.8% |
| Q4 25 | $0.49 | $0.03 | ||
| Q3 25 | $0.55 | $0.11 | ||
| Q2 25 | $-0.04 | $0.16 | ||
| Q1 25 | $-0.01 | $0.18 | ||
| Q4 24 | $0.45 | $0.08 | ||
| Q3 24 | $0.36 | $0.36 | ||
| Q2 24 | $0.17 | $0.00 | ||
| Q1 24 | $0.39 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $190.5M | $24.3M |
| Total DebtLower is stronger | $1.1B | $126.7M |
| Stockholders' EquityBook value | $1.9B | $-29.7M |
| Total Assets | $21.3B | $296.3M |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.5M | $24.3M | ||
| Q3 25 | $181.0M | $32.4M | ||
| Q2 25 | $108.6M | $34.2M | ||
| Q1 25 | $204.2M | $21.6M | ||
| Q4 24 | $103.2M | $29.0M | ||
| Q3 24 | $102.8M | $23.4M | ||
| Q2 24 | $336.3M | $23.4M | ||
| Q1 24 | $343.3M | $34.5M |
| Q4 25 | $1.1B | $126.7M | ||
| Q3 25 | $299.0M | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $968.4M | — | ||
| Q4 24 | $1.0B | $70.7M | ||
| Q3 24 | $5.2B | $50.8M | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $1.9B | $-29.7M | ||
| Q3 25 | $1.9B | $-26.9M | ||
| Q2 25 | $1.9B | $-15.6M | ||
| Q1 25 | $1.9B | $1.3M | ||
| Q4 24 | $1.9B | $20.2M | ||
| Q3 24 | $1.9B | $28.0M | ||
| Q2 24 | $1.9B | $66.4M | ||
| Q1 24 | $2.0B | $65.5M |
| Q4 25 | $21.3B | $296.3M | ||
| Q3 25 | $18.5B | $302.1M | ||
| Q2 25 | $16.8B | $303.8M | ||
| Q1 25 | $14.9B | $293.8M | ||
| Q4 24 | $14.4B | $307.8M | ||
| Q3 24 | $13.1B | $309.3M | ||
| Q2 24 | $12.1B | $362.1M | ||
| Q1 24 | $12.3B | $382.1M |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.52× | 3.50× | ||
| Q3 24 | 2.70× | 1.82× | ||
| Q2 24 | 2.76× | — | ||
| Q1 24 | 2.60× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.2B | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | -137.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.2B | $-5.8M | ||
| Q3 25 | $-1.3B | $-968.0K | ||
| Q2 25 | $-2.0B | $-4.0M | ||
| Q1 25 | $-594.3M | $-23.1M | ||
| Q4 24 | $-2.7B | $6.8M | ||
| Q3 24 | $-983.8M | $1.1M | ||
| Q2 24 | $243.8M | $-8.9M | ||
| Q1 24 | $-342.4M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | -137.76× | — | ||
| Q3 25 | -22.26× | — | ||
| Q2 25 | -267.53× | — | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | — | ||
| Q3 24 | -23.76× | — | ||
| Q2 24 | 9.59× | -330.22× | ||
| Q1 24 | -7.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
