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Side-by-side financial comparison of SFL Corp Ltd. (SFL) and W. P. Carey Inc. (WPC). Click either name above to swap in a different company.

W. P. Carey Inc. is the larger business by last-quarter revenue ($444.5M vs $353.7M, roughly 1.3× SFL Corp Ltd.). W. P. Carey Inc. runs the higher net margin — 33.4% vs 1.1%, a 32.2% gap on every dollar of revenue. On growth, W. P. Carey Inc. posted the faster year-over-year revenue change (9.4% vs -27.0%).

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

W. P. Carey is a real estate investment trust that invests in properties leased to single tenants via NNN leases. The company is organized in Maryland, with its primary office in New York City.

SFL vs WPC — Head-to-Head

Bigger by revenue
WPC
WPC
1.3× larger
WPC
$444.5M
$353.7M
SFL
Growing faster (revenue YoY)
WPC
WPC
+36.4% gap
WPC
9.4%
-27.0%
SFL
Higher net margin
WPC
WPC
32.2% more per $
WPC
33.4%
1.1%
SFL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SFL
SFL
WPC
WPC
Revenue
$353.7M
$444.5M
Net Profit
$4.0M
$148.3M
Gross Margin
Operating Margin
22.8%
34.5%
Net Margin
1.1%
33.4%
Revenue YoY
-27.0%
9.4%
Net Profit YoY
-93.9%
215.4%
EPS (diluted)
$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.

Revenue
SFL
SFL
WPC
WPC
Q4 25
$353.7M
$444.5M
Q3 25
$431.3M
Q2 25
$430.8M
Q1 25
$409.9M
Q4 24
$484.4M
$406.2M
Q3 24
$397.4M
Q2 24
$389.7M
Q1 24
$389.8M
Net Profit
SFL
SFL
WPC
WPC
Q4 25
$4.0M
$148.3M
Q3 25
$141.0M
Q2 25
$51.2M
Q1 25
$125.8M
Q4 24
$64.7M
$47.0M
Q3 24
$111.7M
Q2 24
$142.9M
Q1 24
$159.2M
Operating Margin
SFL
SFL
WPC
WPC
Q4 25
22.8%
34.5%
Q3 25
34.7%
Q2 25
15.0%
Q1 25
33.5%
Q4 24
32.8%
13.5%
Q3 24
30.4%
Q2 24
38.3%
Q1 24
43.0%
Net Margin
SFL
SFL
WPC
WPC
Q4 25
1.1%
33.4%
Q3 25
32.7%
Q2 25
11.9%
Q1 25
30.7%
Q4 24
13.4%
11.6%
Q3 24
28.1%
Q2 24
36.7%
Q1 24
40.8%
EPS (diluted)
SFL
SFL
WPC
WPC
Q4 25
$0.03
Q3 25
Q2 25
Q1 25
Q4 24
$0.49
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
SFL
SFL
WPC
WPC
Cash + ST InvestmentsLiquidity on hand
$150.8M
$155.3M
Total DebtLower is stronger
$2.6B
$8.7B
Stockholders' EquityBook value
$960.9M
$8.1B
Total Assets
$3.6B
$18.0B
Debt / EquityLower = less leverage
2.69×
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SFL
SFL
WPC
WPC
Q4 25
$150.8M
$155.3M
Q3 25
$249.0M
Q2 25
$244.8M
Q1 25
$187.8M
Q4 24
$134.6M
$640.4M
Q3 24
$818.2M
Q2 24
$1.1B
Q1 24
$777.0M
Total Debt
SFL
SFL
WPC
WPC
Q4 25
$2.6B
$8.7B
Q3 25
$8.7B
Q2 25
$8.6B
Q1 25
$7.9B
Q4 24
$2.9B
$8.0B
Q3 24
$8.0B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
SFL
SFL
WPC
WPC
Q4 25
$960.9M
$8.1B
Q3 25
$8.2B
Q2 25
$8.2B
Q1 25
$8.4B
Q4 24
$1.1B
$8.4B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.7B
Total Assets
SFL
SFL
WPC
WPC
Q4 25
$3.6B
$18.0B
Q3 25
$18.0B
Q2 25
$18.0B
Q1 25
$17.3B
Q4 24
$4.1B
$17.5B
Q3 24
$17.6B
Q2 24
$17.8B
Q1 24
$17.6B
Debt / Equity
SFL
SFL
WPC
WPC
Q4 25
2.69×
1.07×
Q3 25
1.06×
Q2 25
1.05×
Q1 25
0.94×
Q4 24
2.54×
0.95×
Q3 24
0.93×
Q2 24
0.94×
Q1 24
0.91×

Cash Flow & Capital Efficiency

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

Metric
SFL
SFL
WPC
WPC
Operating Cash FlowLast quarter
$118.4M
$304.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
29.75×
2.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SFL
SFL
WPC
WPC
Q4 25
$118.4M
$304.6M
Q3 25
$300.5M
Q2 25
$404.0M
Q1 25
$273.2M
Q4 24
$182.4M
$296.3M
Q3 24
$280.2M
Q2 24
$221.0M
Q1 24
$1.0B
Cash Conversion
SFL
SFL
WPC
WPC
Q4 25
29.75×
2.05×
Q3 25
2.13×
Q2 25
7.89×
Q1 25
2.17×
Q4 24
2.82×
6.30×
Q3 24
2.51×
Q2 24
1.55×
Q1 24
6.50×

Financial Flow Comparison

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

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