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Side-by-side financial comparison of TRANSCONTINENTAL REALTY INVESTORS INC (TCI) and VisionWave Holdings, Inc. (VWAV). 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 $10.0M, roughly 1.2× VisionWave Holdings, Inc.). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -69.4%, a 138.1% gap on every dollar of revenue.

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.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

TCI vs VWAV — Head-to-Head

Bigger by revenue
TCI
TCI
1.2× larger
TCI
$12.1M
$10.0M
VWAV
Higher net margin
TCI
TCI
138.1% more per $
TCI
68.8%
-69.4%
VWAV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
TCI
TCI
VWAV
VWAV
Revenue
$12.1M
$10.0M
Net Profit
$8.3M
$-6.9M
Gross Margin
Operating Margin
-28.9%
-65.7%
Net Margin
68.8%
-69.4%
Revenue YoY
2.3%
Net Profit YoY
7577.8%
-1522.6%
EPS (diluted)
$0.97

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
VWAV
VWAV
Q4 25
$12.1M
$10.0M
Q3 25
$12.8M
Q2 25
$12.2M
Q1 25
$12.0M
Q4 24
$11.8M
Q3 24
$11.6M
Q2 24
$11.8M
Q1 24
$11.9M
Net Profit
TCI
TCI
VWAV
VWAV
Q4 25
$8.3M
$-6.9M
Q3 25
$724.0K
Q2 25
$169.0K
Q1 25
$4.6M
Q4 24
$108.0K
Q3 24
$1.7M
Q2 24
$1.5M
Q1 24
$2.5M
Operating Margin
TCI
TCI
VWAV
VWAV
Q4 25
-28.9%
-65.7%
Q3 25
-10.9%
Q2 25
-6.8%
Q1 25
-5.3%
Q4 24
-14.3%
Q3 24
-14.4%
Q2 24
-9.2%
Q1 24
-11.2%
Net Margin
TCI
TCI
VWAV
VWAV
Q4 25
68.8%
-69.4%
Q3 25
5.6%
Q2 25
1.4%
Q1 25
38.5%
Q4 24
0.9%
Q3 24
14.7%
Q2 24
12.7%
Q1 24
21.4%
EPS (diluted)
TCI
TCI
VWAV
VWAV
Q4 25
$0.97
Q3 25
$0.08
Q2 25
$0.02
Q1 25
$0.53
Q4 24
$0.01
Q3 24
$0.20
Q2 24
$0.17
Q1 24
$0.30

Balance Sheet & Financial Strength

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

Metric
TCI
TCI
VWAV
VWAV
Cash + ST InvestmentsLiquidity on hand
$89.0M
$15.7K
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$846.7M
$3.1M
Total Assets
$1.1B
$18.4M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCI
TCI
VWAV
VWAV
Q4 25
$89.0M
$15.7K
Q3 25
$82.7M
Q2 25
$73.5M
Q1 25
$88.6M
Q4 24
$99.7M
Q3 24
$131.6M
Q2 24
$127.5M
Q1 24
$130.8M
Total Debt
TCI
TCI
VWAV
VWAV
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
VWAV
VWAV
Q4 25
$846.7M
$3.1M
Q3 25
$838.4M
Q2 25
$837.7M
Q1 25
$837.3M
Q4 24
$832.3M
Q3 24
$832.2M
Q2 24
$830.4M
Q1 24
$828.9M
Total Assets
TCI
TCI
VWAV
VWAV
Q4 25
$1.1B
$18.4M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
TCI
TCI
VWAV
VWAV
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
VWAV
VWAV
Operating Cash FlowLast quarter
$-2.9M
$-5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
VWAV
VWAV
Q4 25
$-2.9M
$-5.4M
Q3 25
$8.2M
Q2 25
$-2.9M
Q1 25
$-7.4M
Q4 24
$1.3M
Q3 24
$13.7M
Q2 24
$-511.0K
Q1 24
$3.9M
Cash Conversion
TCI
TCI
VWAV
VWAV
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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