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Side-by-side financial comparison of TRANSCONTINENTAL REALTY INVESTORS INC (TCI) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.

TRANSCONTINENTAL REALTY INVESTORS INC is the larger business by last-quarter revenue ($12.1M vs $9.4M, roughly 1.3× Velo3D, Inc.). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -231.9%, a 300.7% gap on every dollar of revenue. On growth, TRANSCONTINENTAL REALTY INVESTORS INC posted the faster year-over-year revenue change (2.3% vs -25.2%). Over the past eight quarters, TRANSCONTINENTAL REALTY INVESTORS INC's revenue compounded faster (0.7% CAGR vs -1.8%).

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.

Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.

TCI vs VELO — Head-to-Head

Bigger by revenue
TCI
TCI
1.3× larger
TCI
$12.1M
$9.4M
VELO
Growing faster (revenue YoY)
TCI
TCI
+27.5% gap
TCI
2.3%
-25.2%
VELO
Higher net margin
TCI
TCI
300.7% more per $
TCI
68.8%
-231.9%
VELO
Faster 2-yr revenue CAGR
TCI
TCI
Annualised
TCI
0.7%
-1.8%
VELO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TCI
TCI
VELO
VELO
Revenue
$12.1M
$9.4M
Net Profit
$8.3M
$-21.9M
Gross Margin
-73.6%
Operating Margin
-28.9%
-231.0%
Net Margin
68.8%
-231.9%
Revenue YoY
2.3%
-25.2%
Net Profit YoY
7577.8%
-2.9%
EPS (diluted)
$0.97
$-0.87

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
VELO
VELO
Q4 25
$12.1M
$9.4M
Q3 25
$12.8M
$13.6M
Q2 25
$12.2M
$13.6M
Q1 25
$12.0M
$9.3M
Q4 24
$11.8M
$12.6M
Q3 24
$11.6M
$8.2M
Q2 24
$11.8M
$10.3M
Q1 24
$11.9M
$9.8M
Net Profit
TCI
TCI
VELO
VELO
Q4 25
$8.3M
$-21.9M
Q3 25
$724.0K
$-11.2M
Q2 25
$169.0K
$-13.3M
Q1 25
$4.6M
$-25.0M
Q4 24
$108.0K
$-21.3M
Q3 24
$1.7M
$-21.9M
Q2 24
$1.5M
$935.0K
Q1 24
$2.5M
$-27.5M
Gross Margin
TCI
TCI
VELO
VELO
Q4 25
-73.6%
Q3 25
3.2%
Q2 25
-11.7%
Q1 25
7.5%
Q4 24
-3.5%
Q3 24
49.4%
Q2 24
-28.0%
Q1 24
-28.8%
Operating Margin
TCI
TCI
VELO
VELO
Q4 25
-28.9%
-231.0%
Q3 25
-10.9%
-73.3%
Q2 25
-6.8%
-85.4%
Q1 25
-5.3%
-123.6%
Q4 24
-14.3%
-167.0%
Q3 24
-14.4%
-213.8%
Q2 24
-9.2%
-187.7%
Q1 24
-11.2%
-211.1%
Net Margin
TCI
TCI
VELO
VELO
Q4 25
68.8%
-231.9%
Q3 25
5.6%
-82.0%
Q2 25
1.4%
-97.7%
Q1 25
38.5%
-268.4%
Q4 24
0.9%
-168.5%
Q3 24
14.7%
-265.3%
Q2 24
12.7%
9.0%
Q1 24
21.4%
-281.2%
EPS (diluted)
TCI
TCI
VELO
VELO
Q4 25
$0.97
$-0.87
Q3 25
$0.08
$-0.65
Q2 25
$0.02
$-0.94
Q1 25
$0.53
$-1.87
Q4 24
$0.01
$7.06
Q3 24
$0.20
$-35.52
Q2 24
$0.17
$1.65
Q1 24
$0.30
$-55.51

Balance Sheet & Financial Strength

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

Metric
TCI
TCI
VELO
VELO
Cash + ST InvestmentsLiquidity on hand
$89.0M
$39.0M
Total DebtLower is stronger
$210.8M
$31.0M
Stockholders' EquityBook value
$846.7M
$38.2M
Total Assets
$1.1B
$105.3M
Debt / EquityLower = less leverage
0.25×
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCI
TCI
VELO
VELO
Q4 25
$89.0M
$39.0M
Q3 25
$82.7M
$11.8M
Q2 25
$73.5M
$854.0K
Q1 25
$88.6M
$3.9M
Q4 24
$99.7M
$1.2M
Q3 24
$131.6M
$1.6M
Q2 24
$127.5M
$3.2M
Q1 24
$130.8M
$10.9M
Total Debt
TCI
TCI
VELO
VELO
Q4 25
$210.8M
$31.0M
Q3 25
$223.5M
$23.0M
Q2 25
$212.4M
$22.5M
Q1 25
$198.2M
$21.7M
Q4 24
$181.9M
$5.7M
Q3 24
$180.3M
$32.3M
Q2 24
$177.4M
$33.5M
Q1 24
$178.3M
$44.0M
Stockholders' Equity
TCI
TCI
VELO
VELO
Q4 25
$846.7M
$38.2M
Q3 25
$838.4M
$29.9M
Q2 25
$837.7M
$21.4M
Q1 25
$837.3M
$32.8M
Q4 24
$832.3M
$39.7M
Q3 24
$832.2M
$34.4M
Q2 24
$830.4M
$52.1M
Q1 24
$828.9M
$45.5M
Total Assets
TCI
TCI
VELO
VELO
Q4 25
$1.1B
$105.3M
Q3 25
$1.1B
$93.7M
Q2 25
$1.1B
$78.4M
Q1 25
$1.1B
$91.3M
Q4 24
$1.1B
$89.2M
Q3 24
$1.1B
$110.8M
Q2 24
$1.0B
$116.7M
Q1 24
$1.0B
$136.1M
Debt / Equity
TCI
TCI
VELO
VELO
Q4 25
0.25×
0.81×
Q3 25
0.27×
0.77×
Q2 25
0.25×
1.05×
Q1 25
0.24×
0.66×
Q4 24
0.22×
0.14×
Q3 24
0.22×
0.94×
Q2 24
0.21×
0.64×
Q1 24
0.22×
0.97×

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
VELO
VELO
Operating Cash FlowLast quarter
$-2.9M
$-7.7M
Free Cash FlowOCF − Capex
$-8.3M
FCF MarginFCF / Revenue
-88.3%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCI
TCI
VELO
VELO
Q4 25
$-2.9M
$-7.7M
Q3 25
$8.2M
$-6.0M
Q2 25
$-2.9M
$-1.2M
Q1 25
$-7.4M
$-12.3M
Q4 24
$1.3M
$-2.2M
Q3 24
$13.7M
$-2.0M
Q2 24
$-511.0K
$-8.0M
Q1 24
$3.9M
$-20.5M
Free Cash Flow
TCI
TCI
VELO
VELO
Q4 25
$-8.3M
Q3 25
$-6.3M
Q2 25
$-3.0M
Q1 25
Q4 24
$-2.2M
Q3 24
$-2.0M
Q2 24
$-8.0M
Q1 24
$-20.5M
FCF Margin
TCI
TCI
VELO
VELO
Q4 25
-88.3%
Q3 25
-46.5%
Q2 25
-22.2%
Q1 25
Q4 24
-17.7%
Q3 24
-24.2%
Q2 24
-77.1%
Q1 24
-209.8%
Capex Intensity
TCI
TCI
VELO
VELO
Q4 25
6.4%
Q3 25
2.3%
Q2 25
13.3%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
0.0%
Q1 24
0.1%
Cash Conversion
TCI
TCI
VELO
VELO
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×
-8.52×
Q1 24
1.52×

Financial Flow Comparison

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

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