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Side-by-side financial comparison of STRATUS PROPERTIES INC (STRS) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $8.3M, roughly 1.6× STRATUS PROPERTIES INC). STRATUS PROPERTIES INC runs the higher net margin — 203.2% vs -73.9%, a 277.1% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -19.4%). TriSalus Life Sciences, Inc. produced more free cash flow last quarter ($-2.5M vs $-38.0M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs -44.1%).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

STRS vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.6× larger
TLSI
$13.2M
$8.3M
STRS
Growing faster (revenue YoY)
TLSI
TLSI
+79.3% gap
TLSI
59.8%
-19.4%
STRS
Higher net margin
STRS
STRS
277.1% more per $
STRS
203.2%
-73.9%
TLSI
More free cash flow
TLSI
TLSI
$35.5M more FCF
TLSI
$-2.5M
$-38.0M
STRS
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
-44.1%
STRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRS
STRS
TLSI
TLSI
Revenue
$8.3M
$13.2M
Net Profit
$16.9M
$-9.8M
Gross Margin
86.7%
Operating Margin
-24.8%
Net Margin
203.2%
-73.9%
Revenue YoY
-19.4%
59.8%
Net Profit YoY
1293.4%
3.5%
EPS (diluted)
$2.42
$-0.22

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
STRS
STRS
TLSI
TLSI
Q4 25
$8.3M
$13.2M
Q3 25
$5.0M
$11.6M
Q2 25
$11.6M
$11.2M
Q1 25
$5.0M
$9.2M
Q4 24
$10.3M
$8.3M
Q3 24
$8.9M
$7.3M
Q2 24
$8.5M
$7.4M
Q1 24
$26.5M
$6.5M
Net Profit
STRS
STRS
TLSI
TLSI
Q4 25
$16.9M
$-9.8M
Q3 25
$-8.0M
$-10.8M
Q2 25
$-2.3M
$-8.3M
Q1 25
$-3.8M
$-10.4M
Q4 24
$-1.4M
$-10.1M
Q3 24
$-1.4M
$-2.4M
Q2 24
$-2.8M
$-4.3M
Q1 24
$3.7M
$-13.2M
Gross Margin
STRS
STRS
TLSI
TLSI
Q4 25
86.7%
Q3 25
-85.1%
83.5%
Q2 25
-19.0%
83.9%
Q1 25
5.1%
83.7%
Q4 24
18.3%
85.3%
Q3 24
2.5%
86.3%
Q2 24
10.9%
87.6%
Q1 24
30.7%
85.0%
Operating Margin
STRS
STRS
TLSI
TLSI
Q4 25
-24.8%
Q3 25
-162.9%
-77.9%
Q2 25
-6.5%
-65.4%
Q1 25
-71.3%
-79.9%
Q4 24
-13.6%
-91.8%
Q3 24
-17.1%
-118.9%
Q2 24
-34.4%
-111.0%
Q1 24
13.9%
-180.8%
Net Margin
STRS
STRS
TLSI
TLSI
Q4 25
203.2%
-73.9%
Q3 25
-161.1%
-93.5%
Q2 25
-19.8%
-73.9%
Q1 25
-74.5%
-113.2%
Q4 24
-13.7%
-122.4%
Q3 24
-15.9%
-32.6%
Q2 24
-32.7%
-58.8%
Q1 24
13.9%
-204.5%
EPS (diluted)
STRS
STRS
TLSI
TLSI
Q4 25
$2.42
$-0.22
Q3 25
$-0.62
$-0.96
Q2 25
$0.03
$-0.27
Q1 25
$-0.36
$-0.39
Q4 24
$-0.06
$-0.38
Q3 24
$-0.05
$-0.12
Q2 24
$-0.21
$-0.21
Q1 24
$0.56
$-0.60

Balance Sheet & Financial Strength

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

Metric
STRS
STRS
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$74.3M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$204.5M
$-33.9M
Total Assets
$563.4M
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRS
STRS
TLSI
TLSI
Q4 25
$74.3M
$20.4M
Q3 25
$55.0M
$22.7M
Q2 25
$59.4M
$26.5M
Q1 25
$12.0M
$13.0M
Q4 24
$20.2M
$8.5M
Q3 24
$19.6M
$11.3M
Q2 24
$13.5M
$16.5M
Q1 24
$20.7M
$4.0M
Stockholders' Equity
STRS
STRS
TLSI
TLSI
Q4 25
$204.5M
$-33.9M
Q3 25
$185.8M
$-26.7M
Q2 25
$191.9M
$-19.4M
Q1 25
$191.5M
$-34.4M
Q4 24
$194.7M
$-25.9M
Q3 24
$196.4M
$-20.4M
Q2 24
$196.3M
$-25.3M
Q1 24
$197.6M
$-36.0M
Total Assets
STRS
STRS
TLSI
TLSI
Q4 25
$563.4M
$35.3M
Q3 25
$572.6M
$36.5M
Q2 25
$574.8M
$41.3M
Q1 25
$534.6M
$28.6M
Q4 24
$532.6M
$24.0M
Q3 24
$523.2M
$27.5M
Q2 24
$514.0M
$32.4M
Q1 24
$509.5M
$17.9M

Cash Flow & Capital Efficiency

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

Metric
STRS
STRS
TLSI
TLSI
Operating Cash FlowLast quarter
$-29.9M
$-2.5M
Free Cash FlowOCF − Capex
$-38.0M
$-2.5M
FCF MarginFCF / Revenue
-458.5%
-19.1%
Capex IntensityCapex / Revenue
98.2%
0.3%
Cash ConversionOCF / Net Profit
-1.77×
TTM Free Cash FlowTrailing 4 quarters
$-70.3M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRS
STRS
TLSI
TLSI
Q4 25
$-29.9M
$-2.5M
Q3 25
$-9.0M
$-3.7M
Q2 25
$-1.7M
$-7.3M
Q1 25
$-13.5M
$-4.5M
Q4 24
$-5.8M
$-5.7M
Q3 24
$-686.0K
$-10.8M
Q2 24
$-8.3M
$-13.4M
Q1 24
$6.5M
$-10.9M
Free Cash Flow
STRS
STRS
TLSI
TLSI
Q4 25
$-38.0M
$-2.5M
Q3 25
$-9.9M
$-3.9M
Q2 25
$-4.3M
$-7.4M
Q1 25
$-18.0M
$-5.3M
Q4 24
$-35.0M
$-5.8M
Q3 24
$-7.5M
$-11.0M
Q2 24
$-16.3M
$-13.5M
Q1 24
$-1.6M
$-10.9M
FCF Margin
STRS
STRS
TLSI
TLSI
Q4 25
-458.5%
-19.1%
Q3 25
-198.7%
-33.9%
Q2 25
-37.2%
-66.1%
Q1 25
-357.4%
-57.3%
Q4 24
-339.7%
-69.7%
Q3 24
-84.4%
-149.9%
Q2 24
-191.6%
-183.1%
Q1 24
-6.0%
-169.3%
Capex Intensity
STRS
STRS
TLSI
TLSI
Q4 25
98.2%
0.3%
Q3 25
18.4%
1.9%
Q2 25
22.7%
0.8%
Q1 25
89.8%
8.2%
Q4 24
283.0%
0.6%
Q3 24
76.7%
2.3%
Q2 24
94.2%
0.8%
Q1 24
30.7%
1.0%
Cash Conversion
STRS
STRS
TLSI
TLSI
Q4 25
-1.77×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

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