Claros Mortgage Trust, Inc. (CMTG) vs Ready Capital Corp (RC)

Claros Mortgage Trust, Inc. and Ready Capital Corp are both Reit Mortgage companies. Ready Capital Corp is the larger, with a market value of $229.6M against $183.4M — 1.3× the size. Claros Mortgage Trust, Inc. grew revenue faster over the last twelve months: −30.9% against −43.0%. Ready Capital Corp has the higher net margin (−134.1% vs −354.1%) and the higher return on invested capital (6.29% vs −0.77%). Both pay a dividend; Ready Capital Corp yields more (16.7% vs 12.6%). Across the 21 metrics below, Ready Capital Corp leads on 17 and Claros Mortgage Trust, Inc. on 4.

Valuation

Metric CMTG RC Reit Mortgage median
P/E n/m n/m 7.80
P/S 1.22 0.53 1.90
P/B 0.15 0.18 0.61
Price to free cash flow 2.79 0.18 5.90
EV/EBITDA 881.80 6.48 28.40
EV/Sales 15.26 7.42 16.02
Earnings yield (292.37%) (257.04%) 7.68%
Free cash flow yield 35.80% 560.11% 11.60%

Profitability

Metric CMTG RC Reit Mortgage median
Gross margin 80.32% 100.00% 100.00%
Operating margin (27.39%) 101.42% 35.40%
Net margin (354.13%) (134.14%) 11.85%
Free cash flow margin 43.62% 297.03% 26.68%
Return on equity (35.96%) (37.06%) 4.81%
Return on assets (11.15%) (7.25%) 0.62%
Return on invested capital (0.77%) 6.29% 1.22%

Growth

Metric CMTG RC Reit Mortgage median
Revenue growth (TTM) (30.92%) (43.02%) 4.70%
EPS growth (last fiscal year) (118.13%) 45.25% —
Revenue growth, 5-year CAGR (7.25%) 17.09% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CMTG RC Reit Mortgage median
Debt to equity 1.81 2.29 3.30
Current ratio 0.00 1.91 1.00
Net debt to EBITDA 67.18 6.30 18.31

Dividend

Metric CMTG RC Reit Mortgage median
Dividend yield 12.64% 16.73% 13.05%
Payout ratio 3.61 0.58 1.24

Size

Metric CMTG RC Reit Mortgage median
Market cap 183.41m 229.62m 517.48m

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