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Side-by-side financial comparison of REDWOOD TRUST INC (RWT) and TAT TECHNOLOGIES LTD (TATT). Click either name above to swap in a different company.

TAT TECHNOLOGIES LTD is the larger business by last-quarter revenue ($46.2M vs $25.9M, roughly 1.8× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 10.5%, a 66.8% gap on every dollar of revenue.

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.

TAT Technologies Ltd. is a publicly traded company, headquartered in the United States, providing environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

RWT vs TATT — Head-to-Head

Bigger by revenue
TATT
TATT
1.8× larger
TATT
$46.2M
$25.9M
RWT
Higher net margin
RWT
RWT
66.8% more per $
RWT
77.2%
10.5%
TATT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
RWT
RWT
TATT
TATT
Revenue
$25.9M
$46.2M
Net Profit
$20.0M
$4.8M
Gross Margin
25.1%
Operating Margin
11.4%
Net Margin
77.2%
10.5%
Revenue YoY
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$0.11
$0.37

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
RWT
RWT
TATT
TATT
Q4 25
$25.9M
Q3 25
$15.0M
$46.2M
Q2 25
$13.8M
$43.1M
Q1 25
$27.9M
Q4 24
$27.6M
Q3 24
$25.5M
Q2 24
$67.4M
Q1 24
$74.5M
Net Profit
RWT
RWT
TATT
TATT
Q4 25
$20.0M
Q3 25
$-7.7M
$4.8M
Q2 25
$-98.5M
$3.4M
Q1 25
$16.1M
Q4 24
$-6.6M
Q3 24
$14.8M
Q2 24
$15.5M
Q1 24
$30.3M
Gross Margin
RWT
RWT
TATT
TATT
Q4 25
Q3 25
25.1%
Q2 25
25.1%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
RWT
RWT
TATT
TATT
Q4 25
Q3 25
-9.0%
11.4%
Q2 25
-679.0%
10.3%
Q1 25
80.2%
Q4 24
-1.3%
Q3 24
86.1%
Q2 24
30.3%
Q1 24
41.3%
Net Margin
RWT
RWT
TATT
TATT
Q4 25
77.2%
Q3 25
-51.4%
10.5%
Q2 25
-712.0%
8.0%
Q1 25
57.8%
Q4 24
-24.0%
Q3 24
58.1%
Q2 24
23.0%
Q1 24
40.6%
EPS (diluted)
RWT
RWT
TATT
TATT
Q4 25
$0.11
Q3 25
$-0.08
$0.37
Q2 25
$-0.76
$0.30
Q1 25
$0.10
Q4 24
$-0.08
Q3 24
$0.09
Q2 24
$0.10
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
RWT
RWT
TATT
TATT
Cash + ST InvestmentsLiquidity on hand
$255.7M
$47.1M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$982.6M
$170.7M
Total Assets
$23.7B
$224.1M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RWT
RWT
TATT
TATT
Q4 25
$255.7M
Q3 25
$226.3M
$47.1M
Q2 25
$302.0M
$43.1M
Q1 25
$259.9M
Q4 24
$245.2M
Q3 24
$253.7M
Q2 24
$275.6M
Q1 24
$275.4M
Total Debt
RWT
RWT
TATT
TATT
Q4 25
Q3 25
$9.9M
Q2 25
$10.3M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
RWT
RWT
TATT
TATT
Q4 25
$982.6M
Q3 25
$999.0M
$170.7M
Q2 25
$1.1B
$165.8M
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
RWT
RWT
TATT
TATT
Q4 25
$23.7B
Q3 25
$22.6B
$224.1M
Q2 25
$21.3B
$213.6M
Q1 25
$19.9B
Q4 24
$18.3B
Q3 24
$18.4B
Q2 24
$16.5B
Q1 24
$15.1B
Debt / Equity
RWT
RWT
TATT
TATT
Q4 25
Q3 25
0.06×
Q2 25
0.06×
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
RWT
RWT
TATT
TATT
Operating Cash FlowLast quarter
$-10.1B
$7.5M
Free Cash FlowOCF − Capex
$4.8M
FCF MarginFCF / Revenue
10.3%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
-504.15×
1.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RWT
RWT
TATT
TATT
Q4 25
$-10.1B
Q3 25
$-2.7B
$7.5M
Q2 25
$-2.1B
$6.9M
Q1 25
$-2.0B
Q4 24
$-5.9B
Q3 24
$-2.1B
Q2 24
$-2.0B
Q1 24
$-954.2M
Free Cash Flow
RWT
RWT
TATT
TATT
Q4 25
Q3 25
$4.8M
Q2 25
$3.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
RWT
RWT
TATT
TATT
Q4 25
Q3 25
10.3%
Q2 25
8.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
RWT
RWT
TATT
TATT
Q4 25
Q3 25
5.9%
Q2 25
7.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
RWT
RWT
TATT
TATT
Q4 25
-504.15×
Q3 25
1.55×
Q2 25
2.02×
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

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