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Side-by-side financial comparison of Terra Property Trust, Inc. (TPTA) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $7.1M, roughly 1.7× Terra Property Trust, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -150.2%, a 170.1% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -37.4%).

The National Savings and Trust Company is a historic bank building located at the corner of New York Avenue and 15th Street, NW in Downtown Washington, D.C. It has also been known as the National Safe Deposit Company and the National Safe Deposit Savings and Trust Company.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

TPTA vs VFF — Head-to-Head

Bigger by revenue
VFF
VFF
1.7× larger
VFF
$12.2M
$7.1M
TPTA
Growing faster (revenue YoY)
VFF
VFF
+68.9% gap
VFF
31.5%
-37.4%
TPTA
Higher net margin
VFF
VFF
170.1% more per $
VFF
19.9%
-150.2%
TPTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TPTA
TPTA
VFF
VFF
Revenue
$7.1M
$12.2M
Net Profit
$-10.6M
$2.4M
Gross Margin
Operating Margin
-48.8%
Net Margin
-150.2%
19.9%
Revenue YoY
-37.4%
31.5%
Net Profit YoY
32.0%
128.2%
EPS (diluted)
$-0.43
$0.01

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
TPTA
TPTA
VFF
VFF
Q4 25
$7.1M
$12.2M
Q3 25
$7.3M
$66.7M
Q2 25
$8.6M
$59.9M
Q1 25
$12.5M
$77.1M
Q4 24
$11.3M
Q3 24
$12.2M
$54.9M
Q2 24
$11.2M
$53.6M
Q1 24
$15.0M
$78.1M
Net Profit
TPTA
TPTA
VFF
VFF
Q4 25
$-10.6M
$2.4M
Q3 25
$-6.7M
$10.2M
Q2 25
$-9.2M
$26.5M
Q1 25
$-1.3M
$-6.7M
Q4 24
$-15.6M
Q3 24
$-7.8M
$-820.0K
Q2 24
$-7.5M
$-23.5M
Q1 24
$-6.2M
$-2.9M
Gross Margin
TPTA
TPTA
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
TPTA
TPTA
VFF
VFF
Q4 25
-48.8%
Q3 25
6.7%
23.3%
Q2 25
-28.4%
20.8%
Q1 25
32.8%
-8.0%
Q4 24
-72.3%
Q3 24
54.1%
3.8%
Q2 24
6.3%
-43.5%
Q1 24
32.0%
-3.0%
Net Margin
TPTA
TPTA
VFF
VFF
Q4 25
-150.2%
19.9%
Q3 25
-92.4%
15.3%
Q2 25
-106.5%
44.2%
Q1 25
-10.3%
-8.7%
Q4 24
-138.3%
Q3 24
-63.9%
-1.5%
Q2 24
-67.5%
-43.9%
Q1 24
-41.2%
-3.7%
EPS (diluted)
TPTA
TPTA
VFF
VFF
Q4 25
$-0.43
$0.01
Q3 25
$-0.28
$0.08
Q2 25
$-0.38
$0.24
Q1 25
$-0.05
$-0.06
Q4 24
$-0.65
Q3 24
$-0.32
$-0.01
Q2 24
$-0.31
$-0.21
Q1 24
$-0.25
$-0.03

Balance Sheet & Financial Strength

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

Metric
TPTA
TPTA
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$33.2M
$81.2M
Total DebtLower is stronger
$178.9M
$33.7M
Stockholders' EquityBook value
$146.5M
$299.9M
Total Assets
$351.5M
$423.1M
Debt / EquityLower = less leverage
1.22×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TPTA
TPTA
VFF
VFF
Q4 25
$33.2M
$81.2M
Q3 25
$17.4M
$82.6M
Q2 25
$5.9M
$60.0M
Q1 25
$11.9M
$15.1M
Q4 24
$8.6M
Q3 24
$21.2M
$28.7M
Q2 24
$18.9M
$29.7M
Q1 24
$17.9M
$26.7M
Total Debt
TPTA
TPTA
VFF
VFF
Q4 25
$178.9M
$33.7M
Q3 25
$211.9M
$34.6M
Q2 25
$260.2M
$39.1M
Q1 25
$286.7M
$39.2M
Q4 24
$326.1M
Q3 24
$312.9M
$43.3M
Q2 24
$383.8M
$44.4M
Q1 24
$377.6M
$46.1M
Stockholders' Equity
TPTA
TPTA
VFF
VFF
Q4 25
$146.5M
$299.9M
Q3 25
$159.7M
$295.4M
Q2 25
$168.5M
$284.3M
Q1 25
$179.9M
$248.3M
Q4 24
$185.7M
Q3 24
$206.2M
$274.4M
Q2 24
$218.6M
$275.2M
Q1 24
$230.5M
$296.2M
Total Assets
TPTA
TPTA
VFF
VFF
Q4 25
$351.5M
$423.1M
Q3 25
$398.1M
$418.4M
Q2 25
$459.3M
$403.7M
Q1 25
$495.2M
$377.1M
Q4 24
$542.8M
Q3 24
$546.8M
$417.8M
Q2 24
$634.4M
$425.4M
Q1 24
$640.2M
$458.4M
Debt / Equity
TPTA
TPTA
VFF
VFF
Q4 25
1.22×
0.11×
Q3 25
1.33×
0.12×
Q2 25
1.54×
0.14×
Q1 25
1.59×
0.16×
Q4 24
1.76×
Q3 24
1.52×
0.16×
Q2 24
1.76×
0.16×
Q1 24
1.64×
0.16×

Cash Flow & Capital Efficiency

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

Metric
TPTA
TPTA
VFF
VFF
Operating Cash FlowLast quarter
$1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TPTA
TPTA
VFF
VFF
Q4 25
$1.9M
Q3 25
$-4.3M
$24.4M
Q2 25
$1.2M
Q1 25
$861.6K
$-6.4M
Q4 24
$-3.3M
Q3 24
$1.7M
$4.3M
Q2 24
$-3.1M
$5.7M
Q1 24
$-4.2M
$-50.0K
Free Cash Flow
TPTA
TPTA
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
Q1 25
$-8.9M
Q4 24
Q3 24
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
FCF Margin
TPTA
TPTA
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
Q1 25
-11.6%
Q4 24
Q3 24
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Capex Intensity
TPTA
TPTA
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
5.1%
Q2 24
1.6%
Q1 24
2.4%
Cash Conversion
TPTA
TPTA
VFF
VFF
Q4 25
Q3 25
2.39×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TPTA
TPTA

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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