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Side-by-side financial comparison of TRANSCONTINENTAL REALTY INVESTORS INC (TCI) 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 $12.1M, roughly 1.1× TRANSCONTINENTAL REALTY INVESTORS INC). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -73.9%, a 142.6% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 2.3%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 0.7%).

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

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.

TCI vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.1× larger
TLSI
$13.2M
$12.1M
TCI
Growing faster (revenue YoY)
TLSI
TLSI
+57.6% gap
TLSI
59.8%
2.3%
TCI
Higher net margin
TCI
TCI
142.6% more per $
TCI
68.8%
-73.9%
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
0.7%
TCI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TCI
TCI
TLSI
TLSI
Revenue
$12.1M
$13.2M
Net Profit
$8.3M
$-9.8M
Gross Margin
86.7%
Operating Margin
-28.9%
-24.8%
Net Margin
68.8%
-73.9%
Revenue YoY
2.3%
59.8%
Net Profit YoY
7577.8%
3.5%
EPS (diluted)
$0.97
$-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
TCI
TCI
TLSI
TLSI
Q4 25
$12.1M
$13.2M
Q3 25
$12.8M
$11.6M
Q2 25
$12.2M
$11.2M
Q1 25
$12.0M
$9.2M
Q4 24
$11.8M
$8.3M
Q3 24
$11.6M
$7.3M
Q2 24
$11.8M
$7.4M
Q1 24
$11.9M
$6.5M
Net Profit
TCI
TCI
TLSI
TLSI
Q4 25
$8.3M
$-9.8M
Q3 25
$724.0K
$-10.8M
Q2 25
$169.0K
$-8.3M
Q1 25
$4.6M
$-10.4M
Q4 24
$108.0K
$-10.1M
Q3 24
$1.7M
$-2.4M
Q2 24
$1.5M
$-4.3M
Q1 24
$2.5M
$-13.2M
Gross Margin
TCI
TCI
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
TCI
TCI
TLSI
TLSI
Q4 25
-28.9%
-24.8%
Q3 25
-10.9%
-77.9%
Q2 25
-6.8%
-65.4%
Q1 25
-5.3%
-79.9%
Q4 24
-14.3%
-91.8%
Q3 24
-14.4%
-118.9%
Q2 24
-9.2%
-111.0%
Q1 24
-11.2%
-180.8%
Net Margin
TCI
TCI
TLSI
TLSI
Q4 25
68.8%
-73.9%
Q3 25
5.6%
-93.5%
Q2 25
1.4%
-73.9%
Q1 25
38.5%
-113.2%
Q4 24
0.9%
-122.4%
Q3 24
14.7%
-32.6%
Q2 24
12.7%
-58.8%
Q1 24
21.4%
-204.5%
EPS (diluted)
TCI
TCI
TLSI
TLSI
Q4 25
$0.97
$-0.22
Q3 25
$0.08
$-0.96
Q2 25
$0.02
$-0.27
Q1 25
$0.53
$-0.39
Q4 24
$0.01
$-0.38
Q3 24
$0.20
$-0.12
Q2 24
$0.17
$-0.21
Q1 24
$0.30
$-0.60

Balance Sheet & Financial Strength

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

Metric
TCI
TCI
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$89.0M
$20.4M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$846.7M
$-33.9M
Total Assets
$1.1B
$35.3M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCI
TCI
TLSI
TLSI
Q4 25
$89.0M
$20.4M
Q3 25
$82.7M
$22.7M
Q2 25
$73.5M
$26.5M
Q1 25
$88.6M
$13.0M
Q4 24
$99.7M
$8.5M
Q3 24
$131.6M
$11.3M
Q2 24
$127.5M
$16.5M
Q1 24
$130.8M
$4.0M
Total Debt
TCI
TCI
TLSI
TLSI
Q4 25
$210.8M
Q3 25
$223.5M
Q2 25
$212.4M
Q1 25
$198.2M
Q4 24
$181.9M
Q3 24
$180.3M
Q2 24
$177.4M
Q1 24
$178.3M
Stockholders' Equity
TCI
TCI
TLSI
TLSI
Q4 25
$846.7M
$-33.9M
Q3 25
$838.4M
$-26.7M
Q2 25
$837.7M
$-19.4M
Q1 25
$837.3M
$-34.4M
Q4 24
$832.3M
$-25.9M
Q3 24
$832.2M
$-20.4M
Q2 24
$830.4M
$-25.3M
Q1 24
$828.9M
$-36.0M
Total Assets
TCI
TCI
TLSI
TLSI
Q4 25
$1.1B
$35.3M
Q3 25
$1.1B
$36.5M
Q2 25
$1.1B
$41.3M
Q1 25
$1.1B
$28.6M
Q4 24
$1.1B
$24.0M
Q3 24
$1.1B
$27.5M
Q2 24
$1.0B
$32.4M
Q1 24
$1.0B
$17.9M
Debt / Equity
TCI
TCI
TLSI
TLSI
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
TCI
TCI
TLSI
TLSI
Operating Cash FlowLast quarter
$-2.9M
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCI
TCI
TLSI
TLSI
Q4 25
$-2.9M
$-2.5M
Q3 25
$8.2M
$-3.7M
Q2 25
$-2.9M
$-7.3M
Q1 25
$-7.4M
$-4.5M
Q4 24
$1.3M
$-5.7M
Q3 24
$13.7M
$-10.8M
Q2 24
$-511.0K
$-13.4M
Q1 24
$3.9M
$-10.9M
Free Cash Flow
TCI
TCI
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
TCI
TCI
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
TCI
TCI
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
TCI
TCI
TLSI
TLSI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
1.52×

Financial Flow Comparison

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

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