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Side-by-side financial comparison of TRANSCONTINENTAL REALTY INVESTORS INC (TCI) and Wave Life Sciences Ltd. (WVE). 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 $8.7M, roughly 1.4× Wave Life Sciences Ltd.). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -580.2%, a 648.9% gap on every dollar of revenue. On growth, TRANSCONTINENTAL REALTY INVESTORS INC posted the faster year-over-year revenue change (2.3% vs -55.8%). Over the past eight quarters, TRANSCONTINENTAL REALTY INVESTORS INC's revenue compounded faster (0.7% CAGR vs -18.0%).

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.

BIT Life Sciences is a for profit meetings, incentives, conferencing, exhibitions (MICE) company based in Dalian, China, that specializes in arranging multiple scientific congresses that have been described as "predatory". The company is part of a wave of organizations that have appeared in China in the past several years noted for arranging congresses with little academic merit and with the primary aim of generating revenue rather than scientific knowledge sharing. Papers submitted are usual...

TCI vs WVE — Head-to-Head

Bigger by revenue
TCI
TCI
1.4× larger
TCI
$12.1M
$8.7M
WVE
Growing faster (revenue YoY)
TCI
TCI
+58.1% gap
TCI
2.3%
-55.8%
WVE
Higher net margin
TCI
TCI
648.9% more per $
TCI
68.8%
-580.2%
WVE
Faster 2-yr revenue CAGR
TCI
TCI
Annualised
TCI
0.7%
-18.0%
WVE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
TCI
TCI
WVE
WVE
Revenue
$12.1M
$8.7M
Net Profit
$8.3M
$-50.5M
Gross Margin
Operating Margin
-28.9%
-606.5%
Net Margin
68.8%
-580.2%
Revenue YoY
2.3%
-55.8%
Net Profit YoY
7577.8%
-53.3%
EPS (diluted)
$0.97
$-0.31

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
WVE
WVE
Q4 25
$12.1M
Q3 25
$12.8M
Q2 25
$12.2M
$8.7M
Q1 25
$12.0M
$9.2M
Q4 24
$11.8M
Q3 24
$11.6M
Q2 24
$11.8M
$19.7M
Q1 24
$11.9M
$12.5M
Net Profit
TCI
TCI
WVE
WVE
Q4 25
$8.3M
Q3 25
$724.0K
Q2 25
$169.0K
$-50.5M
Q1 25
$4.6M
$-46.9M
Q4 24
$108.0K
Q3 24
$1.7M
Q2 24
$1.5M
$-32.9M
Q1 24
$2.5M
$-31.6M
Operating Margin
TCI
TCI
WVE
WVE
Q4 25
-28.9%
Q3 25
-10.9%
Q2 25
-6.8%
-606.5%
Q1 25
-5.3%
-542.8%
Q4 24
-14.3%
Q3 24
-14.4%
Q2 24
-9.2%
-177.7%
Q1 24
-11.2%
-274.8%
Net Margin
TCI
TCI
WVE
WVE
Q4 25
68.8%
Q3 25
5.6%
Q2 25
1.4%
-580.2%
Q1 25
38.5%
-510.9%
Q4 24
0.9%
Q3 24
14.7%
Q2 24
12.7%
-167.2%
Q1 24
21.4%
-251.7%
EPS (diluted)
TCI
TCI
WVE
WVE
Q4 25
$0.97
Q3 25
$0.08
Q2 25
$0.02
$-0.31
Q1 25
$0.53
$-0.29
Q4 24
$0.01
Q3 24
$0.20
Q2 24
$0.17
$-0.25
Q1 24
$0.30
$-0.24

Balance Sheet & Financial Strength

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

Metric
TCI
TCI
WVE
WVE
Cash + ST InvestmentsLiquidity on hand
$89.0M
$208.5M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$846.7M
$139.3M
Total Assets
$1.1B
$252.4M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TCI
TCI
WVE
WVE
Q4 25
$89.0M
Q3 25
$82.7M
Q2 25
$73.5M
$208.5M
Q1 25
$88.6M
$243.1M
Q4 24
$99.7M
Q3 24
$131.6M
Q2 24
$127.5M
$154.0M
Q1 24
$130.8M
$180.9M
Total Debt
TCI
TCI
WVE
WVE
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
WVE
WVE
Q4 25
$846.7M
Q3 25
$838.4M
Q2 25
$837.7M
$139.3M
Q1 25
$837.3M
$171.8M
Q4 24
$832.3M
Q3 24
$832.2M
Q2 24
$830.4M
$-3.5M
Q1 24
$828.9M
$25.4M
Total Assets
TCI
TCI
WVE
WVE
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
$252.4M
Q1 25
$1.1B
$288.3M
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
$208.8M
Q1 24
$1.0B
$235.3M
Debt / Equity
TCI
TCI
WVE
WVE
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
WVE
WVE
Operating Cash FlowLast quarter
$-2.9M
$-46.0M
Free Cash FlowOCF − Capex
$-46.3M
FCF MarginFCF / Revenue
-532.5%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters
$-170.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TCI
TCI
WVE
WVE
Q4 25
$-2.9M
Q3 25
$8.2M
Q2 25
$-2.9M
$-46.0M
Q1 25
$-7.4M
$-63.0M
Q4 24
$1.3M
Q3 24
$13.7M
Q2 24
$-511.0K
$-27.5M
Q1 24
$3.9M
$-33.4M
Free Cash Flow
TCI
TCI
WVE
WVE
Q4 25
Q3 25
Q2 25
$-46.3M
Q1 25
$-63.2M
Q4 24
Q3 24
Q2 24
$-27.5M
Q1 24
$-33.8M
FCF Margin
TCI
TCI
WVE
WVE
Q4 25
Q3 25
Q2 25
-532.5%
Q1 25
-688.9%
Q4 24
Q3 24
Q2 24
-139.8%
Q1 24
-270.0%
Capex Intensity
TCI
TCI
WVE
WVE
Q4 25
Q3 25
Q2 25
3.5%
Q1 25
1.8%
Q4 24
Q3 24
Q2 24
0.3%
Q1 24
3.3%
Cash Conversion
TCI
TCI
WVE
WVE
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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