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Side-by-side financial comparison of Rithm Property Trust Inc. (RPT) and SES AI Corp (SES). Click either name above to swap in a different company.

SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $3.4M, roughly 1.3× Rithm Property Trust Inc.). Rithm Property Trust Inc. runs the higher net margin — 95.4% vs -373.5%, a 468.8% gap on every dollar of revenue.

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

SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.

RPT vs SES — Head-to-Head

Bigger by revenue
SES
SES
1.3× larger
SES
$4.6M
$3.4M
RPT
Higher net margin
RPT
RPT
468.8% more per $
RPT
95.4%
-373.5%
SES

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RPT
RPT
SES
SES
Revenue
$3.4M
$4.6M
Net Profit
$3.2M
$-17.0M
Gross Margin
11.3%
Operating Margin
99.6%
-387.7%
Net Margin
95.4%
-373.5%
Revenue YoY
-39.7%
Net Profit YoY
11.2%
50.7%
EPS (diluted)
$-0.26
$-0.05

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
RPT
RPT
SES
SES
Q4 25
$3.4M
$4.6M
Q3 25
$4.0M
$7.1M
Q2 25
$4.2M
$3.5M
Q1 25
$249.0K
$5.8M
Q3 23
$1.1M
Q1 23
$540.0K
Q4 22
$1.4M
Q3 22
$10.5M
Net Profit
RPT
RPT
SES
SES
Q4 25
$3.2M
$-17.0M
Q3 25
$-273.0K
$-20.9M
Q2 25
$1.9M
$-22.7M
Q1 25
$-3.4M
$-12.4M
Q3 23
$-5.5M
Q1 23
$-7.4M
Q4 22
Q3 22
$-9.5M
Gross Margin
RPT
RPT
SES
SES
Q4 25
11.3%
Q3 25
51.1%
Q2 25
73.7%
Q1 25
78.7%
Q3 23
Q1 23
Q4 22
Q3 22
Operating Margin
RPT
RPT
SES
SES
Q4 25
99.6%
-387.7%
Q3 25
-6.2%
-262.0%
Q2 25
45.7%
-652.3%
Q1 25
-1416.5%
-401.7%
Q3 23
-533.4%
Q1 23
-1346.5%
Q4 22
Q3 22
-67.8%
Net Margin
RPT
RPT
SES
SES
Q4 25
95.4%
-373.5%
Q3 25
-6.8%
-293.9%
Q2 25
45.1%
-642.2%
Q1 25
-1363.1%
-214.6%
Q3 23
-526.3%
Q1 23
-1369.3%
Q4 22
Q3 22
-89.9%
EPS (diluted)
RPT
RPT
SES
SES
Q4 25
$-0.26
$-0.05
Q3 25
$-0.03
$-0.06
Q2 25
$0.01
$-0.07
Q1 25
$-0.08
$-0.04
Q3 23
$-0.25
Q1 23
$-0.34
Q4 22
Q3 22
$-0.71

Balance Sheet & Financial Strength

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

Metric
RPT
RPT
SES
SES
Cash + ST InvestmentsLiquidity on hand
$79.3M
$29.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$291.6M
$214.8M
Total Assets
$1.0B
$272.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RPT
RPT
SES
SES
Q4 25
$79.3M
$29.5M
Q3 25
$81.4M
$35.3M
Q2 25
$98.6M
$11.8M
Q1 25
$97.4M
$56.1M
Q3 23
$63.9M
Q1 23
$49.4M
Q4 22
$47.8M
Q3 22
$72.9M
Stockholders' Equity
RPT
RPT
SES
SES
Q4 25
$291.6M
$214.8M
Q3 25
$291.7M
$228.2M
Q2 25
$294.7M
$249.2M
Q1 25
$296.1M
$269.9M
Q3 23
$320.2M
Q1 23
$330.4M
Q4 22
$335.3M
Q3 22
$349.3M
Total Assets
RPT
RPT
SES
SES
Q4 25
$1.0B
$272.6M
Q3 25
$1.0B
$288.8M
Q2 25
$1.0B
$290.5M
Q1 25
$1.0B
$306.0M
Q3 23
$1.4B
Q1 23
$1.4B
Q4 22
$1.5B
Q3 22
$1.5B

Cash Flow & Capital Efficiency

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

Metric
RPT
RPT
SES
SES
Operating Cash FlowLast quarter
$-8.3M
$-10.4M
Free Cash FlowOCF − Capex
$-11.1M
FCF MarginFCF / Revenue
-243.7%
Capex IntensityCapex / Revenue
15.6%
Cash ConversionOCF / Net Profit
-2.56×
TTM Free Cash FlowTrailing 4 quarters
$-61.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RPT
RPT
SES
SES
Q4 25
$-8.3M
$-10.4M
Q3 25
$-5.8M
$-14.3M
Q2 25
$-25.0K
$-10.8M
Q1 25
$-1.6M
$-22.8M
Q3 23
$-10.7M
Q1 23
$-16.8M
Q4 22
$1.1M
Q3 22
$1.6M
Free Cash Flow
RPT
RPT
SES
SES
Q4 25
$-11.1M
Q3 25
$-14.7M
Q2 25
$-11.6M
Q1 25
$-23.7M
Q3 23
Q1 23
Q4 22
$1.1M
Q3 22
FCF Margin
RPT
RPT
SES
SES
Q4 25
-243.7%
Q3 25
-206.9%
Q2 25
-329.6%
Q1 25
-410.0%
Q3 23
Q1 23
Q4 22
80.6%
Q3 22
Capex Intensity
RPT
RPT
SES
SES
Q4 25
15.6%
Q3 25
6.0%
Q2 25
22.8%
Q1 25
15.8%
Q3 23
0.0%
Q1 23
Q4 22
2.0%
Q3 22
Cash Conversion
RPT
RPT
SES
SES
Q4 25
-2.56×
Q3 25
Q2 25
-0.01×
Q1 25
Q3 23
Q1 23
Q4 22
Q3 22

Financial Flow Comparison

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

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