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Side-by-side financial comparison of Neuronetics, Inc. (STIM) and TPG RE Finance Trust, Inc. (TRTX). Click either name above to swap in a different company.
Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $35.0M, roughly 1.2× TPG RE Finance Trust, Inc.). TPG RE Finance Trust, Inc. runs the higher net margin — 15.6% vs -17.2%, a 32.9% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 0.9%). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs -5.1%).
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
TPG RE Finance Trust, Inc. is a commercial real estate finance firm primarily operating in the United States. It originates, underwrites and manages a portfolio of senior commercial mortgage loans and other real estate-linked debt instruments, serving commercial property owners and investors across multifamily, industrial, office and retail property segments.
STIM vs TRTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.8M | $35.0M |
| Net Profit | $-7.2M | $4.0M |
| Gross Margin | 52.0% | — |
| Operating Margin | -12.1% | 11.6% |
| Net Margin | -17.2% | 15.6% |
| Revenue YoY | 85.7% | 0.9% |
| Net Profit YoY | 43.2% | -62.8% |
| EPS (diluted) | $-0.10 | $0.01 |
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.
| Q4 25 | $41.8M | $35.0M | ||
| Q3 25 | $37.3M | $37.8M | ||
| Q2 25 | $38.1M | $36.2M | ||
| Q1 25 | $32.0M | $37.0M | ||
| Q4 24 | $22.5M | $34.7M | ||
| Q3 24 | $18.5M | $40.1M | ||
| Q2 24 | $16.4M | $39.3M | ||
| Q1 24 | $17.4M | $38.9M |
| Q4 25 | $-7.2M | $4.0M | ||
| Q3 25 | $-9.0M | $22.0M | ||
| Q2 25 | $-10.1M | $20.6M | ||
| Q1 25 | $-12.7M | $13.7M | ||
| Q4 24 | $-12.7M | $10.7M | ||
| Q3 24 | $-13.3M | $22.2M | ||
| Q2 24 | $-9.8M | $24.7M | ||
| Q1 24 | $-7.9M | $16.7M |
| Q4 25 | 52.0% | — | ||
| Q3 25 | 45.9% | — | ||
| Q2 25 | 46.6% | — | ||
| Q1 25 | 49.2% | — | ||
| Q4 24 | 66.2% | — | ||
| Q3 24 | 75.6% | — | ||
| Q2 24 | 74.0% | — | ||
| Q1 24 | 75.1% | — |
| Q4 25 | -12.1% | 11.6% | ||
| Q3 25 | -19.6% | 58.4% | ||
| Q2 25 | -21.1% | 57.3% | ||
| Q1 25 | -34.4% | 37.2% | ||
| Q4 24 | -51.0% | 30.3% | ||
| Q3 24 | -41.7% | 55.4% | ||
| Q2 24 | -51.7% | 63.1% | ||
| Q1 24 | -39.4% | 44.0% |
| Q4 25 | -17.2% | 15.6% | ||
| Q3 25 | -24.3% | 58.1% | ||
| Q2 25 | -26.6% | 57.0% | ||
| Q1 25 | -39.6% | 37.0% | ||
| Q4 24 | -56.4% | 43.3% | ||
| Q3 24 | -72.0% | 55.3% | ||
| Q2 24 | -59.8% | 62.9% | ||
| Q1 24 | -45.2% | 43.0% |
| Q4 25 | $-0.10 | $0.01 | ||
| Q3 25 | $-0.13 | $0.23 | ||
| Q2 25 | $-0.15 | $0.21 | ||
| Q1 25 | $-0.21 | $0.12 | ||
| Q4 24 | $-0.34 | $0.09 | ||
| Q3 24 | $-0.44 | $0.23 | ||
| Q2 24 | $-0.33 | $0.26 | ||
| Q1 24 | $-0.27 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.1M | $87.6M |
| Total DebtLower is stronger | $65.8M | $3.3B |
| Stockholders' EquityBook value | $22.4M | $1.1B |
| Total Assets | $141.6M | $4.4B |
| Debt / EquityLower = less leverage | 2.94× | 3.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $87.6M | ||
| Q3 25 | $28.0M | $93.6M | ||
| Q2 25 | $11.0M | $165.8M | ||
| Q1 25 | $20.2M | $363.0M | ||
| Q4 24 | $18.5M | $190.2M | ||
| Q3 24 | $20.9M | $226.3M | ||
| Q2 24 | $42.6M | $259.2M | ||
| Q1 24 | $47.7M | $203.1M |
| Q4 25 | $65.8M | $3.3B | ||
| Q3 25 | $65.7M | $2.9B | ||
| Q2 25 | $55.5M | $3.0B | ||
| Q1 25 | $55.3M | $2.8B | ||
| Q4 24 | $55.2M | $2.6B | ||
| Q3 24 | $46.0M | $2.5B | ||
| Q2 24 | $59.8M | $2.5B | ||
| Q1 24 | $59.4M | $2.7B |
| Q4 25 | $22.4M | $1.1B | ||
| Q3 25 | $27.4M | $1.1B | ||
| Q2 25 | $27.1M | $1.1B | ||
| Q1 25 | $35.5M | $1.1B | ||
| Q4 24 | $27.7M | $1.1B | ||
| Q3 24 | $9.4M | $1.1B | ||
| Q2 24 | $19.4M | $1.1B | ||
| Q1 24 | $27.7M | $1.1B |
| Q4 25 | $141.6M | $4.4B | ||
| Q3 25 | $145.5M | $4.1B | ||
| Q2 25 | $134.7M | $4.2B | ||
| Q1 25 | $142.0M | $4.0B | ||
| Q4 24 | $140.9M | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | $96.8M | $3.7B | ||
| Q1 24 | $103.8M | $3.8B |
| Q4 25 | 2.94× | 3.10× | ||
| Q3 25 | 2.40× | 2.72× | ||
| Q2 25 | 2.05× | 2.78× | ||
| Q1 25 | 1.56× | 2.56× | ||
| Q4 24 | 1.99× | 2.31× | ||
| Q3 24 | 4.90× | 2.22× | ||
| Q2 24 | 3.08× | 2.25× | ||
| Q1 24 | 2.15× | 2.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $908.0K | $90.4M |
| Free Cash FlowOCF − Capex | $692.0K | — |
| FCF MarginFCF / Revenue | 1.7% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | 22.73× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $908.0K | $90.4M | ||
| Q3 25 | $-785.0K | $21.8M | ||
| Q2 25 | $-3.5M | $24.7M | ||
| Q1 25 | $-17.0M | $19.1M | ||
| Q4 24 | $-8.6M | $112.1M | ||
| Q3 24 | $-5.4M | $23.7M | ||
| Q2 24 | $-5.0M | $25.6M | ||
| Q1 24 | $-12.0M | $37.4M |
| Q4 25 | $692.0K | — | ||
| Q3 25 | $-899.0K | — | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $-17.2M | — | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $-5.8M | — | ||
| Q2 24 | $-5.6M | — | ||
| Q1 24 | $-12.4M | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | -2.4% | — | ||
| Q2 25 | -9.9% | — | ||
| Q1 25 | -53.8% | — | ||
| Q4 24 | -38.6% | — | ||
| Q3 24 | -31.3% | — | ||
| Q2 24 | -34.0% | — | ||
| Q1 24 | -71.1% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 2.2% | — |
| Q4 25 | — | 22.73× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.39× | ||
| Q4 24 | — | 10.50× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
