Ladder Capital Corp (LADR) vs Orchid Island Capital, Inc. (ORC)

Ladder Capital Corp and Orchid Island Capital, Inc. are both Reit Mortgage companies. Ladder Capital Corp is the larger, with a market value of $1.2B against $963.0M — 1.2× the size. Ladder Capital Corp trades at the lower P/E: 11.1× against 98.2×. Orchid Island Capital, Inc. grew revenue faster over the last twelve months: 74.8% against −12.4%. Ladder Capital Corp has the higher net margin (109.5% vs −1.01%) and the lower return on invested capital (0.42% vs 25.0%). Both pay a dividend; Orchid Island Capital, Inc. yields more (26.5% vs 10.4%). Across the 22 metrics below, Orchid Island Capital, Inc. leads on 13 and Ladder Capital Corp on 9.

Valuation

Metric LADR ORC Reit Mortgage median
P/E 11.10 98.20 14.23
P/S 12.21 1.58 1.70
P/B 0.76 0.83 0.50
Price to free cash flow 4.53 4.00 4.26
EV/EBITDA 56.63 2.48 27.48
EV/Sales 59.59 1.59 15.74
Earnings yield 9.01% 1.02% (0.27%)
Free cash flow yield 22.08% 24.99% 14.37%

Profitability

Metric LADR ORC Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 43.19% 64.27% 31.94%
Net margin 109.47% (1.01%) (3.66%)
Free cash flow margin 270.85% 39.39% 27.05%
Return on equity 6.70% (0.56%) (0.88%)
Return on assets 1.84% (0.06%) (0.15%)
Return on invested capital 0.42% 25.00% 0.79%

Growth

Metric LADR ORC Reit Mortgage median
Revenue growth (TTM) (12.44%) 74.76% 1.39%
EPS growth (last fiscal year) (40.70%) 117.54% 45.25%
Revenue growth, 5-year CAGR 49.36% 28.97% 14.60%
Net income growth, 5-year CAGR 0.00% 136.97% 0.00%

Health

Metric LADR ORC Reit Mortgage median
Debt to equity 2.98 0.37 2.91
Current ratio 49.89 0.00 0.82
Net debt to EBITDA 36.15 (1.28) 18.31

Dividend

Metric LADR ORC Reit Mortgage median
Dividend yield 10.35% 26.48% 17.54%
Payout ratio 1.15 26.00 1.87

Size

Metric LADR ORC Reit Mortgage median
Market cap 1.15b 963.03m 390.66m

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