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Side-by-side financial comparison of Solid Power, Inc. (SLDP) and Terra Property Trust, Inc. (TPTA). Click either name above to swap in a different company.

Terra Property Trust, Inc. is the larger business by last-quarter revenue ($7.1M vs $3.6M, roughly 1.9× Solid Power, Inc.). On growth, Solid Power, Inc. posted the faster year-over-year revenue change (-18.6% vs -37.4%). Over the past eight quarters, Solid Power, Inc.'s revenue compounded faster (-21.9% CAGR vs -31.3%).

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

SLDP vs TPTA — Head-to-Head

Bigger by revenue
TPTA
TPTA
1.9× larger
TPTA
$7.1M
$3.6M
SLDP
Growing faster (revenue YoY)
SLDP
SLDP
+18.8% gap
SLDP
-18.6%
-37.4%
TPTA
Faster 2-yr revenue CAGR
SLDP
SLDP
Annualised
SLDP
-21.9%
-31.3%
TPTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLDP
SLDP
TPTA
TPTA
Revenue
$3.6M
$7.1M
Net Profit
$-10.6M
Gross Margin
Operating Margin
-730.1%
-48.8%
Net Margin
-150.2%
Revenue YoY
-18.6%
-37.4%
Net Profit YoY
32.0%
EPS (diluted)
$-0.15
$-0.43

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
SLDP
SLDP
TPTA
TPTA
Q4 25
$3.6M
$7.1M
Q3 25
$3.7M
$7.3M
Q2 25
$6.5M
$8.6M
Q1 25
$6.0M
$12.5M
Q4 24
$4.5M
$11.3M
Q3 24
$4.7M
$12.2M
Q2 24
$5.1M
$11.2M
Q1 24
$6.0M
$15.0M
Net Profit
SLDP
SLDP
TPTA
TPTA
Q4 25
$-10.6M
Q3 25
$-25.9M
$-6.7M
Q2 25
$-25.3M
$-9.2M
Q1 25
$-15.2M
$-1.3M
Q4 24
$-15.6M
Q3 24
$-22.4M
$-7.8M
Q2 24
$-22.3M
$-7.5M
Q1 24
$-21.2M
$-6.2M
Operating Margin
SLDP
SLDP
TPTA
TPTA
Q4 25
-730.1%
-48.8%
Q3 25
-654.4%
6.7%
Q2 25
-398.9%
-28.4%
Q1 25
-399.4%
32.8%
Q4 24
-561.1%
-72.3%
Q3 24
-593.2%
54.1%
Q2 24
-530.8%
6.3%
Q1 24
-433.1%
32.0%
Net Margin
SLDP
SLDP
TPTA
TPTA
Q4 25
-150.2%
Q3 25
-693.1%
-92.4%
Q2 25
-390.7%
-106.5%
Q1 25
-251.8%
-10.3%
Q4 24
-138.3%
Q3 24
-482.0%
-63.9%
Q2 24
-438.9%
-67.5%
Q1 24
-356.2%
-41.2%
EPS (diluted)
SLDP
SLDP
TPTA
TPTA
Q4 25
$-0.15
$-0.43
Q3 25
$-0.14
$-0.28
Q2 25
$-0.14
$-0.38
Q1 25
$-0.08
$-0.05
Q4 24
$-0.16
$-0.65
Q3 24
$-0.13
$-0.32
Q2 24
$-0.13
$-0.31
Q1 24
$-0.12
$-0.25

Balance Sheet & Financial Strength

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

Metric
SLDP
SLDP
TPTA
TPTA
Cash + ST InvestmentsLiquidity on hand
$250.8M
$33.2M
Total DebtLower is stronger
$178.9M
Stockholders' EquityBook value
$415.7M
$146.5M
Total Assets
$455.1M
$351.5M
Debt / EquityLower = less leverage
1.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLDP
SLDP
TPTA
TPTA
Q4 25
$250.8M
$33.2M
Q3 25
$251.2M
$17.4M
Q2 25
$230.9M
$5.9M
Q1 25
$240.9M
$11.9M
Q4 24
$118.2M
$8.6M
Q3 24
$132.0M
$21.2M
Q2 24
$140.5M
$18.9M
Q1 24
$146.6M
$17.9M
Total Debt
SLDP
SLDP
TPTA
TPTA
Q4 25
$178.9M
Q3 25
$211.9M
Q2 25
$260.2M
Q1 25
$286.7M
Q4 24
$326.1M
Q3 24
$312.9M
Q2 24
$383.8M
Q1 24
$377.6M
Stockholders' Equity
SLDP
SLDP
TPTA
TPTA
Q4 25
$415.7M
$146.5M
Q3 25
$381.2M
$159.7M
Q2 25
$370.6M
$168.5M
Q1 25
$397.1M
$179.9M
Q4 24
$410.3M
$185.7M
Q3 24
$439.4M
$206.2M
Q2 24
$456.8M
$218.6M
Q1 24
$479.4M
$230.5M
Total Assets
SLDP
SLDP
TPTA
TPTA
Q4 25
$455.1M
$351.5M
Q3 25
$416.1M
$398.1M
Q2 25
$398.0M
$459.3M
Q1 25
$419.4M
$495.2M
Q4 24
$448.3M
$542.8M
Q3 24
$470.9M
$546.8M
Q2 24
$492.6M
$634.4M
Q1 24
$516.2M
$640.2M
Debt / Equity
SLDP
SLDP
TPTA
TPTA
Q4 25
1.22×
Q3 25
1.33×
Q2 25
1.54×
Q1 25
1.59×
Q4 24
1.76×
Q3 24
1.52×
Q2 24
1.76×
Q1 24
1.64×

Cash Flow & Capital Efficiency

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

Metric
SLDP
SLDP
TPTA
TPTA
Operating Cash FlowLast quarter
$-18.4M
$1.9M
Free Cash FlowOCF − Capex
$-23.0M
FCF MarginFCF / Revenue
-633.0%
Capex IntensityCapex / Revenue
126.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLDP
SLDP
TPTA
TPTA
Q4 25
$-18.4M
$1.9M
Q3 25
$-14.3M
$-4.3M
Q2 25
$-14.4M
$1.2M
Q1 25
$-26.3M
$861.6K
Q4 24
$-13.9M
$-3.3M
Q3 24
$-9.9M
$1.7M
Q2 24
$-11.1M
$-3.1M
Q1 24
$-29.1M
$-4.2M
Free Cash Flow
SLDP
SLDP
TPTA
TPTA
Q4 25
$-23.0M
Q3 25
$-14.8M
Q2 25
$-17.1M
Q1 25
$-28.6M
Q4 24
$-18.6M
Q3 24
$-12.6M
Q2 24
$-15.5M
Q1 24
$-33.1M
FCF Margin
SLDP
SLDP
TPTA
TPTA
Q4 25
-633.0%
Q3 25
-397.6%
Q2 25
-264.2%
Q1 25
-476.1%
Q4 24
-416.5%
Q3 24
-271.5%
Q2 24
-305.8%
Q1 24
-556.3%
Capex Intensity
SLDP
SLDP
TPTA
TPTA
Q4 25
126.5%
Q3 25
15.3%
Q2 25
41.5%
Q1 25
39.1%
Q4 24
105.5%
0.0%
Q3 24
59.7%
Q2 24
86.8%
Q1 24
68.1%

Financial Flow Comparison

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

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