BrightSpire Capital, Inc. (BRSP) vs Redwood Trust, Inc. (RWT)

BrightSpire Capital, Inc. and Redwood Trust, Inc. are both Reit Mortgage companies. BrightSpire Capital, Inc. is the larger, with a market value of $517.5M against $468.5M — 1.1× the size. Redwood Trust, Inc. grew revenue faster over the last twelve months: 27.7% against 4.70%. Redwood Trust, Inc. has the higher net margin (−0.09% vs −13.1%) and the higher return on invested capital (−0.14% vs −0.73%). Both pay a dividend; BrightSpire Capital, Inc. yields more (12.0% vs 10.9%). Across the 19 metrics below, Redwood Trust, Inc. leads on 12 and BrightSpire Capital, Inc. on 7.

Valuation

Metric BRSP RWT Reit Mortgage median
P/E n/m n/m 7.80
P/S 2.54 0.34 1.90
P/B 0.61 0.54 0.61
Price to free cash flow 2.96 n/m 5.90
EV/EBITDA 199.78 n/m 28.40
EV/Sales 13.12 21.12 16.02
Earnings yield (5.62%) (1.08%) 7.68%
Free cash flow yield 33.81% (3,029.70%) 11.60%

Profitability

Metric BRSP RWT Reit Mortgage median
Gross margin 61.90% 7.87% 100.00%
Operating margin (17.17%) (4.47%) 35.40%
Net margin (13.14%) (0.09%) 11.85%
Free cash flow margin 85.71% (1,043.65%) 26.68%
Return on equity (2.92%) (0.14%) 4.81%
Return on assets (0.75%) (0.01%) 0.62%
Return on invested capital (0.73%) (0.14%) 1.22%

Growth

Metric BRSP RWT Reit Mortgage median
Revenue growth (TTM) 4.70% 27.74% 4.70%
EPS growth (last fiscal year) 75.24% (290.62%) —
Revenue growth, 5-year CAGR (6.15%) 15.64% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BRSP RWT Reit Mortgage median
Debt to equity 2.75 29.42 3.30
Current ratio 0.83 67.49 1.00
Net debt to EBITDA (182.35) (447.55) 18.31

Dividend

Metric BRSP RWT Reit Mortgage median
Dividend yield 12.03% 10.94% 13.05%
Payout ratio 8.00 2.31 1.24

Size

Metric BRSP RWT Reit Mortgage median
Market cap 517.48m 468.53m 517.48m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack