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Side-by-side financial comparison of Seritage Growth Properties (SRG) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

Seritage Growth Properties is the larger business by last-quarter revenue ($4.2M vs $2.9M, roughly 1.5× TOP Financial Group Ltd).

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

SRG vs TOP — Head-to-Head

Bigger by revenue
SRG
SRG
1.5× larger
SRG
$4.2M
$2.9M
TOP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
SRG
SRG
TOP
TOP
Revenue
$4.2M
$2.9M
Net Profit
$190.5K
Gross Margin
Operating Margin
Net Margin
6.6%
Revenue YoY
-4.9%
Net Profit YoY
55.2%
EPS (diluted)

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
SRG
SRG
TOP
TOP
Q4 25
$4.2M
Q3 25
$4.8M
$2.9M
Q2 25
$4.7M
Q1 25
$4.6M
Q4 24
$4.4M
Q3 24
$3.3M
Q2 24
$4.2M
Q1 24
$5.8M
Net Profit
SRG
SRG
TOP
TOP
Q4 25
Q3 25
$-12.4M
$190.5K
Q2 25
$-28.5M
Q1 25
$-22.2M
Q4 24
Q3 24
$-22.0M
Q2 24
$-101.2M
Q1 24
$-19.0M
Operating Margin
SRG
SRG
TOP
TOP
Q4 25
Q3 25
-258.0%
Q2 25
-610.2%
Q1 25
-486.9%
Q4 24
Q3 24
-673.2%
Q2 24
-2366.1%
Q1 24
-328.7%
Net Margin
SRG
SRG
TOP
TOP
Q4 25
Q3 25
-259.6%
6.6%
Q2 25
-612.6%
Q1 25
-482.8%
Q4 24
Q3 24
-675.9%
Q2 24
-2401.0%
Q1 24
-328.9%
EPS (diluted)
SRG
SRG
TOP
TOP
Q4 25
Q3 25
$-0.24
Q2 25
$-0.53
Q1 25
$-0.42
Q4 24
Q3 24
$-0.41
Q2 24
$-1.82
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
SRG
SRG
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$48.1M
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$331.4M
$35.0M
Total Assets
$393.8M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRG
SRG
TOP
TOP
Q4 25
$48.1M
Q3 25
$51.5M
$14.8M
Q2 25
$71.8M
Q1 25
$94.3M
Q4 24
$85.2M
Q3 24
$85.6M
Q2 24
$86.7M
Q1 24
$114.9M
Stockholders' Equity
SRG
SRG
TOP
TOP
Q4 25
$331.4M
Q3 25
$337.7M
$35.0M
Q2 25
$351.4M
Q1 25
$381.1M
Q4 24
$404.5M
Q3 24
$417.5M
Q2 24
$440.4M
Q1 24
$542.4M
Total Assets
SRG
SRG
TOP
TOP
Q4 25
$393.8M
Q3 25
$558.6M
$64.1M
Q2 25
$575.7M
Q1 25
$649.7M
Q4 24
$677.8M
Q3 24
$735.0M
Q2 24
$758.3M
Q1 24
$914.6M

Cash Flow & Capital Efficiency

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

Metric
SRG
SRG
TOP
TOP
Operating Cash FlowLast quarter
$-34.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRG
SRG
TOP
TOP
Q4 25
$-34.9M
Q3 25
$-12.5M
Q2 25
$-12.0M
Q1 25
$-9.2M
Q4 24
$-53.5M
Q3 24
$-15.5M
Q2 24
$-7.5M
Q1 24
$-16.6M

Financial Flow Comparison

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

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