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Side-by-side financial comparison of Postal Realty Trust, Inc. (PSTL) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

Postal Realty Trust, Inc. is the larger business by last-quarter revenue ($26.0M vs $25.9M, roughly 1.0× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 17.9%, a 59.4% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -6.1%). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -41.0%).

Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.

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.

PSTL vs RWT — Head-to-Head

Bigger by revenue
PSTL
PSTL
1.0× larger
PSTL
$26.0M
$25.9M
RWT
Growing faster (revenue YoY)
PSTL
PSTL
+27.7% gap
PSTL
21.7%
-6.1%
RWT
Higher net margin
RWT
RWT
59.4% more per $
RWT
77.2%
17.9%
PSTL
Faster 2-yr revenue CAGR
PSTL
PSTL
Annualised
PSTL
22.6%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTL
PSTL
RWT
RWT
Revenue
$26.0M
$25.9M
Net Profit
$4.6M
$20.0M
Gross Margin
Operating Margin
39.2%
Net Margin
17.9%
77.2%
Revenue YoY
21.7%
-6.1%
Net Profit YoY
3.1%
402.6%
EPS (diluted)
$0.16
$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
PSTL
PSTL
RWT
RWT
Q4 25
$26.0M
$25.9M
Q3 25
$24.3M
$15.0M
Q2 25
$23.4M
$13.8M
Q1 25
$22.1M
$27.9M
Q4 24
$21.4M
$27.6M
Q3 24
$19.7M
$25.5M
Q2 24
$18.1M
$67.4M
Q1 24
$17.3M
$74.5M
Net Profit
PSTL
PSTL
RWT
RWT
Q4 25
$4.6M
$20.0M
Q3 25
$3.8M
$-7.7M
Q2 25
$3.6M
$-98.5M
Q1 25
$2.1M
$16.1M
Q4 24
$4.5M
$-6.6M
Q3 24
$1.1M
$14.8M
Q2 24
$817.0K
$15.5M
Q1 24
$206.0K
$30.3M
Operating Margin
PSTL
PSTL
RWT
RWT
Q4 25
39.2%
Q3 25
37.6%
-9.0%
Q2 25
37.3%
-679.0%
Q1 25
28.4%
80.2%
Q4 24
43.2%
-1.3%
Q3 24
24.3%
86.1%
Q2 24
22.8%
30.3%
Q1 24
17.6%
41.3%
Net Margin
PSTL
PSTL
RWT
RWT
Q4 25
17.9%
77.2%
Q3 25
15.7%
-51.4%
Q2 25
15.5%
-712.0%
Q1 25
9.4%
57.8%
Q4 24
21.1%
-24.0%
Q3 24
5.4%
58.1%
Q2 24
4.5%
23.0%
Q1 24
1.2%
40.6%
EPS (diluted)
PSTL
PSTL
RWT
RWT
Q4 25
$0.16
$0.11
Q3 25
$0.13
$-0.08
Q2 25
$0.12
$-0.76
Q1 25
$0.06
$0.10
Q4 24
$0.17
$-0.08
Q3 24
$0.03
$0.09
Q2 24
$0.02
$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
PSTL
PSTL
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$1.5M
$255.7M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$285.2M
$982.6M
Total Assets
$759.1M
$23.7B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTL
PSTL
RWT
RWT
Q4 25
$1.5M
$255.7M
Q3 25
$1.9M
$226.3M
Q2 25
$1.1M
$302.0M
Q1 25
$639.0K
$259.9M
Q4 24
$1.8M
$245.2M
Q3 24
$970.0K
$253.7M
Q2 24
$1.7M
$275.6M
Q1 24
$1.9M
$275.4M
Total Debt
PSTL
PSTL
RWT
RWT
Q4 25
$361.1M
Q3 25
$347.0M
Q2 25
$328.8M
Q1 25
$306.7M
Q4 24
$296.7M
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
$1.7B
Stockholders' Equity
PSTL
PSTL
RWT
RWT
Q4 25
$285.2M
$982.6M
Q3 25
$273.9M
$999.0M
Q2 25
$250.8M
$1.1B
Q1 25
$245.5M
$1.2B
Q4 24
$251.3M
$1.2B
Q3 24
$245.6M
$1.2B
Q2 24
$245.5M
$1.2B
Q1 24
$248.1M
$1.2B
Total Assets
PSTL
PSTL
RWT
RWT
Q4 25
$759.1M
$23.7B
Q3 25
$735.2M
$22.6B
Q2 25
$689.8M
$21.3B
Q1 25
$654.0M
$19.9B
Q4 24
$646.8M
$18.3B
Q3 24
$615.1M
$18.4B
Q2 24
$608.2M
$16.5B
Q1 24
$584.1M
$15.1B
Debt / Equity
PSTL
PSTL
RWT
RWT
Q4 25
1.27×
Q3 25
1.27×
Q2 25
1.31×
Q1 25
1.25×
Q4 24
1.18×
Q3 24
1.13×
Q2 24
1.11×
Q1 24
1.00×
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
PSTL
PSTL
RWT
RWT
Operating Cash FlowLast quarter
$44.5M
$-10.1B
Free Cash FlowOCF − Capex
$37.6M
FCF MarginFCF / Revenue
144.5%
Capex IntensityCapex / Revenue
26.7%
Cash ConversionOCF / Net Profit
9.59×
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$65.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTL
PSTL
RWT
RWT
Q4 25
$44.5M
$-10.1B
Q3 25
$10.9M
$-2.7B
Q2 25
$11.4M
$-2.1B
Q1 25
$10.8M
$-2.0B
Q4 24
$33.5M
$-5.9B
Q3 24
$8.0M
$-2.1B
Q2 24
$9.9M
$-2.0B
Q1 24
$6.4M
$-954.2M
Free Cash Flow
PSTL
PSTL
RWT
RWT
Q4 25
$37.6M
Q3 25
$8.8M
Q2 25
$9.1M
Q1 25
$10.2M
Q4 24
$30.7M
Q3 24
$7.4M
Q2 24
$8.9M
Q1 24
$5.8M
FCF Margin
PSTL
PSTL
RWT
RWT
Q4 25
144.5%
Q3 25
36.1%
Q2 25
38.8%
Q1 25
45.9%
Q4 24
143.8%
Q3 24
37.6%
Q2 24
49.4%
Q1 24
33.6%
Capex Intensity
PSTL
PSTL
RWT
RWT
Q4 25
26.7%
Q3 25
8.9%
Q2 25
10.1%
Q1 25
3.0%
Q4 24
13.0%
Q3 24
3.2%
Q2 24
5.4%
Q1 24
3.5%
Cash Conversion
PSTL
PSTL
RWT
RWT
Q4 25
9.59×
-504.15×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
-120.92×
Q4 24
7.44×
Q3 24
7.48×
-140.86×
Q2 24
12.10×
-126.56×
Q1 24
31.07×
-31.53×

Financial Flow Comparison

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

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