Claros Mortgage Trust (CMTG) Financials

$2.38 +0.09 (+3.71%)

Closing price 03:59 PM Eastern

Extended Trading

$2.46 +0.09 (+3.58%)

As of 07:32 PM Eastern

Annual Income Statements for Claros Mortgage Trust

This table shows Claros Mortgage Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-221	6.03	112
Consolidated Net Income / (Loss)	-221	6.03	112
Net Income / (Loss) Continuing Operations	-8.65	6.03	112
Total Pre-Tax Income	-8.49	6.03	112
Total Operating Income	-78	151	157
Total Gross Profit	87	307	287
Total Revenue	87	307	287
Operating Revenue	87	307	287
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	165	155	130
Selling, General & Admin Expense	16	17	19
Depreciation Expense	10	9.29	8.04
Other Operating Expenses / (Income)	139	129	103
Total Other Income / (Expense), net	69	-145	-45
Interest Expense	444	2.94	-6.04
Interest & Investment Income	601	-153	-82
Other Income / (Expense), net	-88	11	31
Other Gains / (Losses), net	-0.15	-	-
Other Adjustments to Consolidated Net Income / (Loss)	-213	-	-
Preferred Stock Dividends Declared	0.00	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.09
Basic Earnings per Share	($1.60)	$0.02	$0.79
Weighted Average Basic Shares Outstanding	139.23M	138.62M	139.31M
Diluted Earnings per Share	($1.60)	$0.02	$0.79
Weighted Average Diluted Shares Outstanding	139.23M	138.62M	139.31M
Weighted Average Basic & Diluted Shares Outstanding	139.36M	138.75M	139.38M
Cash Dividends to Common per Share	$0.60	-	-

This table shows Claros Mortgage Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-101	-56	-12	-53	34	-69	4.25	37	-23	42
Consolidated Net Income / (Loss)	-101	-56	-12	-53	34	-69	4.25	37	-23	42
Net Income / (Loss) Continuing Operations	112	-56	-12	-53	34	-69	4.25	37	-23	42
Total Pre-Tax Income	112	-56	-12	-53	34	-69	4.25	37	-24	41
Total Operating Income	-143	23	23	20	35	41	43	32	32	107
Total Gross Profit	-101	65	64	59	76	81	81	69	69	142
Total Revenue	-101	65	64	59	76	81	81	69	67	144
Operating Revenue	-101	65	64	59	76	81	81	69	67	144
Total Operating Expenses	43	42	41	39	41	40	38	37	37	36
Selling, General & Admin Expense	3.34	3.65	4.85	3.88	3.63	3.57	4.49	4.92	4.78	4.82
Depreciation Expense	2.64	2.63	2.62	2.60	2.58	2.56	2.09	2.06	2.04	2.06
Other Operating Expenses / (Income)	37	36	34	33	34	34	31	30	31	29
Total Other Income / (Expense), net	255	-79	-35	-72	-1.23	-110	-39	4.58	-56	-65
Interest Expense	440	0.55	1.09	3.24	1.84	1.66	-1.96	1.40	-111	68
Interest & Investment Income	784	-79	-34	-70	-5.29	-110	-42	4.80	-	-
Other Income / (Expense), net	-89	0.20	0.23	0.87	5.89	2.27	1.50	1.18	-2.28	2.78
Basic Earnings per Share	($0.72)	($0.40)	($0.09)	($0.39)	$0.24	($0.50)	$0.02	$0.26	($0.17)	$0.30
Weighted Average Basic Shares Outstanding	139.23M	139.56M	139.08M	138.79M	138.62M	138.90M	138.40M	138.39M	139.31M	139.43M
Diluted Earnings per Share	($0.72)	($0.40)	($0.09)	($0.39)	$0.24	($0.50)	$0.02	$0.26	($0.17)	$0.30
Weighted Average Diluted Shares Outstanding	139.23M	139.56M	139.08M	138.79M	138.62M	138.90M	138.40M	138.39M	139.31M	139.43M
Weighted Average Basic & Diluted Shares Outstanding	139.36M	139.36M	138.95M	138.75M	138.75M	138.73M	138.39M	138.38M	139.38M	138.38M

This table details how cash moves in and out of Claros Mortgage Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-81	-133	14
Net Cash From Operating Activities	85	111	111
Net Cash From Continuing Operating Activities	85	111	111
Net Income / (Loss) Continuing Operations	-221	6.03	112
Consolidated Net Income / (Loss)	-221	6.03	112
Depreciation Expense	10	9.29	8.04
Amortization Expense	25	24	20
Non-Cash Adjustments To Reconcile Net Income	312	109	-16
Changes in Operating Assets and Liabilities, net	-42	-37	-13
Net Cash From Investing Activities	780	-39	-773
Net Cash From Continuing Investing Activities	780	-39	-773
Purchase of Property, Plant & Equipment	-1.35	-2.09	-2.34
Sale and/or Maturity of Investments	637	187	132
Other Investing Activities, net	144	-224	-903
Net Cash From Financing Activities	-946	-205	676
Net Cash From Continuing Financing Activities	-946	-205	676
Repayment of Debt	-2,270	-1,023	-1,319
Repurchase of Preferred Equity	0.00	0.00	0.00
Repurchase of Common Equity	0.00	0.00	-22
Payment of Dividends	-121	-192	-208
Issuance of Debt	1,465	1,028	2,248
Issuance of Common Equity	0.00	0.00	0.91
Other Financing Activities, net	-21	-17	-24
Cash Interest Paid	439	466	228

This table details how cash moves in and out of Claros Mortgage Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-11	-25	-82	37	-116	45	-181	118	85	-235
Net Cash From Operating Activities	18	39	5.53	21	27	42	22	20	20	19
Net Cash From Continuing Operating Activities	18	39	5.53	21	27	42	22	20	20	19
Net Income / (Loss) Continuing Operations	-101	-56	-12	-53	34	-69	4.25	37	-23	42
Consolidated Net Income / (Loss)	-101	-56	-12	-53	34	-69	4.25	37	-23	42
Depreciation Expense	2.64	2.63	2.62	2.60	2.58	2.56	2.09	2.06	2.04	2.06
Amortization Expense	6.49	7.07	6.10	5.66	5.76	5.95	6.01	5.97	5.80	5.17
Non-Cash Adjustments To Reconcile Net Income	121	101	26	65	-6.01	113	26	-24	43	-25
Changes in Operating Assets and Liabilities, net	-11	-15	-17	1.21	-9.07	-10	-16	-1.52	-8.21	-5.87
Net Cash From Investing Activities	233	180	80	287	-132	297	-106	-98	-122	-278
Net Cash From Continuing Investing Activities	233	180	80	287	-132	297	-106	-98	-123	-277
Purchase of Property, Plant & Equipment	-0.63	-0.14	-0.12	-0.47	-0.61	-0.43	-0.38	-0.68	-0.40	-0.20
Sale and/or Maturity of Investments	201	-	174	262	-0.76	187	-	0.00	-	-
Other Investing Activities, net	33	180	-93	25	-130	110	-106	-97	-123	-409
Net Cash From Financing Activities	-262	-244	-168	-271	-11	-293	-97	196	188	24
Net Cash From Continuing Financing Activities	-262	-244	-169	-271	-11	-293	-97	196	188	24
Repayment of Debt	-369	-438	-1,078	-385	-266	-317	-89	-351	-66	-329
Payment of Dividends	-14	-36	-36	-35	-35	-52	-52	-52	-52	-52
Issuance of Debt	123	239	948	155	292	86	47	603	321	419
Other Financing Activities, net	-2.62	-9.29	-2.66	-5.98	-1.24	-10	-1.92	-4.22	-7.61	-3.29
Cash Interest Paid	97	109	116	117	120	123	120	103	86	62

This table presents Claros Mortgage Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	6,967	8,069	8,242
Total Current Assets	-144	44	178
Cash & Equivalents	99	187	306
Other Current Assets	-243	-143	-129
Plant, Property, & Equipment, net	0.00	0.00	0.00
Total Noncurrent Assets	7,111	8,025	8,064
Long-Term Investments	42	42	42
Noncurrent Note & Lease Receivables	6,467	7,282	7,489
Other Noncurrent Operating Assets	601	700	533
Total Liabilities & Shareholders' Equity	6,967	8,069	8,242
Total Liabilities	4,959	5,769	5,785
Total Current Liabilities	0.00	0.00	0.00
Total Noncurrent Liabilities	4,959	5,769	5,785
Long-Term Debt	947	1,116	1,150
Other Noncurrent Operating Liabilities	4,012	4,653	4,635
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,008	2,300	2,456
Total Preferred & Common Equity	0.00	0.00	0.00
Total Common Equity	2,008	2,300	2,456
Common Stock	2,741	2,727	2,714
Retained Earnings	-733	-427	-257
Noncontrolling Interest	0.00	0.00	0.00

This table presents Claros Mortgage Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,308	7,585	7,756	8,048	8,401	8,484	8,058
Total Current Assets	-115	-56	61	166	149	299	7,496
Cash & Equivalents	114	148	233	307	253	427	226
Inventories, net	-229	-	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7,423	7,640	7,695	7,883	8,251	8,186	562
Long-Term Investments	42	42	42	43	43	43	41
Noncurrent Note & Lease Receivables	6,696	6,913	6,979	7,155	7,520	7,611	0.00
Other Noncurrent Operating Assets	685	684	673	685	689	531	521
Total Liabilities & Shareholders' Equity	7,308	7,585	7,756	8,048	8,401	8,484	8,058
Total Liabilities	5,204	5,413	5,540	5,752	6,000	6,040	5,523
Total Current Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Liabilities	5,204	5,413	5,540	5,752	6,000	6,040	5,523
Long-Term Debt	1,294	1,056	1,075	1,199	1,196	1,177	1,125
Other Noncurrent Operating Liabilities	3,910	4,357	4,465	4,552	4,804	4,863	4,398
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,104	2,171	2,216	2,297	2,400	2,444	2,535
Total Preferred & Common Equity	2,104	2,171	0.00	0.00	0.00	0.00	2,535
Total Common Equity	2,104	2,171	2,216	2,297	2,400	2,444	2,535
Common Stock	2,737	2,734	2,731	2,722	2,722	2,717	2,718
Retained Earnings	-633	-562	-515	-425	-321	-273	799

This table displays calculated financial ratios and metrics derived from Claros Mortgage Trust's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-71.51%	6.74%	9.34%
EBITDA Growth	-166.46%	-9.91%	14.03%
EBIT Growth	-202.08%	-13.80%	16.45%
NOPAT Growth	-135.93%	-3.93%	2.02%
Net Income Growth	-3,771.23%	-94.63%	-34.18%
EPS Growth	-8,100.00%	-97.47%	-37.80%
Operating Cash Flow Growth	-23.95%	0.10%	-48.01%
Free Cash Flow Firm Growth	43.02%	49.97%	-77.67%
Invested Capital Growth	-11.71%	-2.20%	0.27%
Revenue Q/Q Growth	-66.93%	3.10%	-1.43%
EBITDA Q/Q Growth	-190.47%	6.69%	-0.53%
EBIT Q/Q Growth	-252.83%	7.80%	-1.06%
NOPAT Q/Q Growth	-176.81%	46.29%	0.08%
Net Income Q/Q Growth	-155.73%	111.89%	-26.12%
EPS Q/Q Growth	-150.00%	105.13%	-26.85%
Operating Cash Flow Q/Q Growth	-9.60%	7.01%	-30.62%
Free Cash Flow Firm Q/Q Growth	1,377.54%	-36.50%	0.00%
Invested Capital Q/Q Growth	-13.22%	1.28%	-4.00%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	-148.38%	63.62%	75.38%
Operating Margin	-88.87%	49.33%	54.81%
EBIT Margin	-189.38%	52.86%	65.46%
Profit (Net Income) Margin	-253.31%	1.97%	39.05%
Tax Burden Percent	2,605.88%	100.00%	100.00%
Interest Burden Percent	5.13%	3.72%	59.66%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-1.81%	4.69%	4.84%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.54%	-12.51%	-1.42%
Return on Net Nonoperating Assets (RNNOA)	-8.46%	-4.44%	-0.41%
Return on Equity (ROE)	-10.27%	0.25%	4.43%
Cash Return on Invested Capital (CROIC)	10.63%	6.92%	4.57%
Operating Return on Assets (OROA)	-2.20%	1.99%	2.40%
Return on Assets (ROA)	-2.94%	0.07%	1.43%
Return on Common Equity (ROCE)	-10.27%	0.25%	4.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-54	151	157
NOPAT Margin	-62.21%	49.33%	54.81%
Net Nonoperating Expense Percent (NNEP)	19.73%	17.20%	6.25%
Return On Investment Capital (ROIC_SIMPLE)	-1.84%	4.43%	4.36%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	17.98%	5.42%	6.51%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	188.87%	50.67%	45.19%
Earnings before Interest and Taxes (EBIT)	-165	162	188
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-130	195	216
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.31	0.77	0.70
Price to Tangible Book Value (P/TBV)	0.31	0.77	0.70
Price to Revenue (P/Rev)	7.21	5.74	5.95
Price to Earnings (P/E)	0.00	292.14	15.24
Dividend Yield	18.81%	9.77%	11.99%
Earnings Yield	0.00%	0.34%	6.56%
Enterprise Value to Invested Capital (EV/IC)	0.51	0.83	0.77
Enterprise Value to Revenue (EV/Rev)	16.43	8.64	8.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	13.57	11.59
Enterprise Value to EBIT (EV/EBIT)	0.00	16.34	13.35
Enterprise Value to NOPAT (EV/NOPAT)	0.00	17.51	15.95
Enterprise Value to Operating Cash Flow (EV/OCF)	16.98	23.82	22.61
Enterprise Value to Free Cash Flow (EV/FCFF)	4.50	11.87	16.88
Leverage & Solvency	-	-	-
Debt to Equity	0.47	0.49	0.47
Long-Term Debt to Equity	0.47	0.49	0.47
Financial Leverage	0.39	0.36	0.29
Leverage Ratio	3.49	3.43	3.10
Compound Leverage Factor	0.18	0.13	1.85
Debt to Total Capital	32.04%	32.68%	31.89%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.04%	32.68%	31.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.96%	67.32%	68.11%
Debt to EBITDA	-7.30	5.72	5.31
Net Debt to EBITDA	-6.21	4.55	3.70
Long-Term Debt to EBITDA	-7.30	5.72	5.31
Debt to NOPAT	-17.42	7.38	7.31
Net Debt to NOPAT	-14.82	5.86	5.09
Long-Term Debt to NOPAT	-17.42	7.38	7.31
Altman Z-Score	-0.16	0.22	0.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.74%
Liquidity Ratios	-	-	-
Current Ratio	0.00	0.00	0.00
Quick Ratio	0.00	0.00	0.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	319	223	149
Operating Cash Flow to CapEx	6,265.16%	5,310.08%	4,738.71%
Free Cash Flow to Firm to Interest Expense	0.72	75.84	0.00
Operating Cash Flow to Interest Expense	0.19	37.80	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.19	37.09	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.01	0.04	0.04
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-
Invested Capital	2,813	3,187	3,258
Invested Capital Turnover	0.03	0.10	0.09
Increase / (Decrease) in Invested Capital	-373	-72	8.73
Enterprise Value (EV)	1,435	2,647	2,510
Market Capitalization	630	1,761	1,708
Book Value per Share	$14.41	$16.58	$17.75
Tangible Book Value per Share	$14.41	$16.58	$17.75
Total Capital	2,955	3,416	3,607
Total Debt	947	1,116	1,150
Total Long-Term Debt	947	1,116	1,150
Net Debt	805	887	802
Capital Expenditures (CapEx)	1.35	2.09	2.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-243	-143	-129
Debt-free Net Working Capital (DFNWC)	-144	44	178
Net Working Capital (NWC)	-144	44	178
Net Nonoperating Expense (NNE)	167	145	45
Net Nonoperating Obligations (NNO)	805	887	802
Total Depreciation and Amortization (D&A)	36	33	28
Debt-free, Cash-free Net Working Capital to Revenue	-278.23%	-46.63%	-44.79%
Debt-free Net Working Capital to Revenue	-164.80%	14.47%	61.91%
Net Working Capital to Revenue	-164.80%	14.47%	61.91%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.60)	$0.02	$0.79
Adjusted Weighted Average Basic Shares Outstanding	139.23M	138.62M	139.31M
Adjusted Diluted Earnings per Share	($1.60)	$0.02	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	139.23M	138.62M	139.31M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	139.36M	138.75M	139.38M
Normalized Net Operating Profit after Tax (NOPAT)	-54	106	110
Normalized NOPAT Margin	-62.21%	34.53%	38.36%
Pre Tax Income Margin	-9.72%	1.97%	39.05%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-0.37	55.12	0.00
NOPAT to Interest Expense	-0.12	51.43	0.00
EBIT Less CapEx to Interest Expense	-0.38	54.41	0.00
NOPAT Less CapEx to Interest Expense	-0.13	50.72	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	-54.54%	3,188.30%	185.54%
Augmented Payout Ratio	-54.54%	3,188.30%	204.88%

This table displays calculated financial ratios and metrics derived from Claros Mortgage Trust's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-232.73%	-19.46%	-20.31%	-14.87%	13.82%	-44.22%	16.88%	914.27%	-5.86%	115.54%
EBITDA Growth	-551.15%	-36.21%	-38.91%	-30.51%	32.78%	-55.86%	-30.32%	416.05%	-2.99%	129.51%
EBIT Growth	-664.76%	-46.15%	-47.37%	-38.58%	39.81%	-60.71%	-35.16%	269.44%	-6.42%	151.07%
NOPAT Growth	-506.57%	-43.64%	-62.25%	-57.30%	58.83%	-73.27%	11.29%	275.11%	-29.74%	144.70%
Net Income Growth	-395.80%	18.46%	-371.67%	-243.94%	250.28%	-263.20%	-93.27%	24.88%	-233.34%	-20.05%
EPS Growth	-400.00%	20.00%	-550.00%	-250.00%	241.18%	-266.67%	-95.56%	23.81%	-241.67%	-25.00%
Operating Cash Flow Growth	-32.87%	-6.56%	-75.34%	10.16%	36.36%	121.99%	-54.74%	-13.76%	-70.99%	-64.96%
Free Cash Flow Firm Growth	114.73%	-128.84%	1,585.34%	123.70%	694.02%	-89.22%	99.41%	102.08%	0.00%	144.14%
Invested Capital Growth	-11.71%	3.04%	-8.01%	-4.30%	-2.20%	-7.30%	1.92%	-1.09%	0.27%	-41.99%
Revenue Q/Q Growth	-255.43%	0.60%	9.63%	223.48%	-5.69%	-0.46%	17.11%	3.53%	-53.78%	108.55%
EBITDA Q/Q Growth	-780.60%	1.82%	12.30%	-27.24%	-3.76%	-2.50%	27.74%	10.78%	-68.01%	53.89%
EBIT Q/Q Growth	-1,105.43%	-1.64%	15.00%	-34.28%	-4.14%	-3.86%	34.21%	13.03%	-73.06%	58.68%
NOPAT Q/Q Growth	-993.61%	-1.52%	18.92%	-37.31%	23.88%	-34.04%	34.50%	44.53%	-79.15%	174.61%
Net Income Q/Q Growth	-79.12%	-386.57%	78.12%	-255.08%	149.38%	-1,721.14%	-88.40%	261.91%	-153.62%	-33.14%
EPS Q/Q Growth	-80.00%	-344.44%	76.92%	-262.50%	148.00%	-2,600.00%	-92.31%	252.94%	-156.67%	-33.33%
Operating Cash Flow Q/Q Growth	-53.21%	609.05%	-74.29%	-21.30%	-34.87%	87.14%	14.85%	-2.58%	6.03%	-61.84%
Free Cash Flow Firm Q/Q Growth	388.53%	-128.37%	88.27%	-30.34%	-61.25%	1,561.11%	-128.35%	394.63%	-99.47%	180.09%
Invested Capital Q/Q Growth	-13.22%	6.75%	0.70%	-1.65%	1.28%	-4.70%	4.77%	-3.29%	-4.00%	4.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	103.52%	98.37%
EBITDA Margin	0.00%	50.59%	49.98%	48.79%	65.17%	63.87%	65.20%	59.77%	55.86%	80.70%
Operating Margin	0.00%	35.34%	36.10%	33.28%	46.43%	50.50%	53.35%	46.45%	47.53%	73.77%
EBIT Margin	0.00%	35.64%	36.46%	34.75%	54.19%	53.31%	55.19%	48.16%	44.11%	75.69%
Profit (Net Income) Margin	0.00%	-86.65%	-17.92%	-89.75%	44.81%	-85.59%	5.26%	53.08%	-33.94%	29.26%
Tax Burden Percent	-89.85%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	95.08%	102.25%
Interest Burden Percent	-48.21%	-243.12%	-49.15%	-258.27%	82.69%	-160.55%	9.52%	110.21%	-80.92%	37.80%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	2.05%	2.23%	2.24%	4.42%	3.21%	5.89%	5.12%	2.94%	4.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-5.23%	-0.92%	-6.59%	4.27%	-8.19%	0.87%	5.82%	-3.26%	1.56%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-2.36%	-0.36%	-2.13%	1.52%	-2.90%	0.27%	1.52%	-0.93%	1.28%
Return on Equity (ROE)	0.00%	-0.31%	1.88%	0.11%	5.93%	0.32%	6.16%	6.65%	2.00%	5.93%
Cash Return on Invested Capital (CROIC)	10.63%	-0.78%	10.97%	7.54%	6.92%	10.74%	4.63%	7.69%	4.57%	0.00%
Operating Return on Assets (OROA)	0.00%	1.23%	1.28%	1.27%	2.04%	1.97%	2.43%	2.03%	1.61%	2.86%
Return on Assets (ROA)	0.00%	-2.98%	-0.63%	-3.27%	1.68%	-3.16%	0.23%	2.24%	-1.24%	1.11%
Return on Common Equity (ROCE)	0.00%	-0.31%	1.88%	0.11%	5.93%	0.32%	6.11%	6.60%	1.99%	6.57%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-4.11%	-4.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.99%
Net Operating Profit after Tax (NOPAT)	-143	16	16	14	35	28	43	32	22	107
NOPAT Margin	0.00%	24.74%	25.27%	23.30%	46.43%	35.35%	53.35%	46.45%	33.27%	73.77%
Net Nonoperating Expense Percent (NNEP)	-5.05%	7.27%	3.15%	8.83%	0.15%	11.41%	5.02%	-0.70%	6.20%	3.09%
Return On Investment Capital (ROIC_SIMPLE)	-4.85%	-	-	-	1.03%	-	-	-	0.62%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.52%	1.63%
SG&A Expenses to Revenue	0.00%	5.62%	7.51%	6.59%	4.77%	4.43%	5.55%	7.12%	7.16%	3.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	64.66%	63.90%	66.72%	53.57%	49.50%	46.65%	53.55%	55.99%	24.60%
Earnings before Interest and Taxes (EBIT)	-232	23	24	20	41	43	45	33	29	109
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-223	33	32	29	50	51	53	41	37	117
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.31	0.49	0.51	0.59	0.77	0.61	0.59	0.58	0.70	0.54
Price to Tangible Book Value (P/TBV)	0.31	0.49	0.51	0.59	0.77	0.61	0.59	0.58	0.70	0.54
Price to Revenue (P/Rev)	7.21	3.94	3.98	4.43	5.74	4.72	3.94	4.08	5.95	4.66
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	292.14	0.00	23.57	11.94	15.24	8.95
Dividend Yield	18.81%	11.35%	12.47%	11.84%	9.77%	13.41%	14.40%	14.48%	11.99%	15.20%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.34%	0.00%	4.24%	8.38%	6.56%	11.17%
Enterprise Value to Invested Capital (EV/IC)	0.51	0.67	0.65	0.70	0.83	0.72	0.70	0.68	0.77	0.65
Enterprise Value to Revenue (EV/Rev)	16.43	8.25	7.07	7.13	8.64	7.58	6.43	6.10	8.74	7.61
Enterprise Value to EBITDA (EV/EBITDA)	0.00	15.21	12.22	11.58	13.57	12.32	9.37	7.87	11.59	10.19
Enterprise Value to EBIT (EV/EBIT)	0.00	20.13	15.45	14.15	16.34	14.98	10.72	8.85	13.35	11.67
Enterprise Value to NOPAT (EV/NOPAT)	0.00	30.80	23.79	21.75	17.51	21.79	10.88	10.19	15.95	14.09
Enterprise Value to Operating Cash Flow (EV/OCF)	16.98	23.30	20.55	18.67	23.82	21.69	28.74	19.75	22.61	13.85
Enterprise Value to Free Cash Flow (EV/FCFF)	4.50	0.00	5.69	9.08	11.87	6.42	15.34	8.75	16.88	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.62	0.49	0.49	0.49	0.52	0.50	0.48	0.47	0.44
Long-Term Debt to Equity	0.47	0.62	0.49	0.49	0.49	0.52	0.50	0.48	0.47	0.44
Financial Leverage	0.39	0.45	0.39	0.32	0.36	0.35	0.31	0.26	0.29	0.82
Leverage Ratio	3.49	3.49	3.50	3.49	3.43	3.33	3.29	3.30	3.10	3.03
Compound Leverage Factor	-1.68	-8.48	-1.72	-9.00	2.84	-5.35	0.31	3.63	-2.51	1.15
Debt to Total Capital	32.04%	38.09%	32.72%	32.66%	32.68%	34.31%	33.26%	32.50%	31.89%	30.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	32.04%	38.09%	32.72%	32.66%	32.68%	34.31%	33.26%	32.50%	31.89%	30.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	67.96%	61.91%	67.28%	67.34%	67.32%	65.69%	66.74%	67.50%	68.11%	69.26%
Debt to EBITDA	-7.30	9.03	6.52	5.89	5.72	6.56	4.83	4.34	5.31	5.17
Net Debt to EBITDA	-6.21	7.94	5.35	4.38	4.55	4.65	3.63	2.61	3.70	3.95
Long-Term Debt to EBITDA	-7.30	9.03	6.52	5.89	5.72	6.56	4.83	4.34	5.31	5.17
Debt to NOPAT	-17.42	18.30	12.70	11.07	7.38	11.60	5.60	5.63	7.31	7.15
Net Debt to NOPAT	-14.82	16.09	10.41	8.24	5.86	8.22	4.22	3.38	5.09	5.46
Long-Term Debt to NOPAT	-17.42	18.30	12.70	11.07	7.38	11.60	5.60	5.63	7.31	7.15
Altman Z-Score	-0.19	0.03	0.06	0.11	0.17	0.15	0.17	0.19	0.21	1.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.77%	0.76%	0.74%	-10.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Quick Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	230	-80	281	149	107	276	-19	67	13	2,563
Operating Cash Flow to CapEx	2,895.58%	29,018.52%	4,762.93%	4,621.08%	4,505.78%	9,727.38%	5,895.53%	2,885.65%	5,031.16%	9,396.02%
Free Cash Flow to Firm to Interest Expense	0.52	-145.09	256.91	46.01	58.33	166.50	0.00	47.49	0.00	37.70
Operating Cash Flow to Interest Expense	0.04	71.36	5.05	6.63	14.88	25.27	0.00	13.89	0.00	0.28
Operating Cash Flow Less CapEx to Interest Expense	0.04	71.11	4.95	6.48	14.55	25.01	0.00	13.41	0.00	0.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,813	3,242	3,037	3,016	3,187	3,146	3,301	3,151	3,258	3,394
Invested Capital Turnover	0.03	0.08	0.09	0.10	0.10	0.09	0.11	0.11	0.09	0.06
Increase / (Decrease) in Invested Capital	-373	96	-265	-135	-72	-248	62	-35	8.73	-2,457
Enterprise Value (EV)	1,435	2,179	1,978	2,112	2,647	2,253	2,323	2,132	2,510	2,217
Market Capitalization	630	1,041	1,113	1,312	1,761	1,403	1,422	1,425	1,708	1,358
Book Value per Share	$14.41	$15.14	$15.65	$15.97	$16.58	$16.60	$17.35	$17.54	$17.75	$18.18
Tangible Book Value per Share	$14.41	$15.14	$15.65	$15.97	$16.58	$16.60	$17.35	$17.54	$17.75	$18.18
Total Capital	2,955	3,398	3,227	3,291	3,416	3,496	3,597	3,621	3,607	3,660
Total Debt	947	1,294	1,056	1,075	1,116	1,199	1,196	1,177	1,150	1,125
Total Long-Term Debt	947	1,294	1,056	1,075	1,116	1,199	1,196	1,177	1,150	1,125
Net Debt	805	1,138	865	800	887	849	901	707	802	859
Capital Expenditures (CapEx)	0.63	0.14	0.12	0.47	0.61	0.43	0.38	0.68	0.40	0.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-243	-229	-204	-171	-143	-142	-104	-128	-129	7,270
Debt-free Net Working Capital (DFNWC)	-144	-115	-56	61	44	166	149	299	178	7,496
Net Working Capital (NWC)	-144	-115	-56	61	44	166	149	299	178	7,496
Net Nonoperating Expense (NNE)	-43	72	28	66	1.23	97	39	-4.58	45	64
Net Nonoperating Obligations (NNO)	805	1,138	865	800	887	849	901	707	802	859
Total Depreciation and Amortization (D&A)	9.13	9.70	8.72	8.26	8.34	8.50	8.10	8.03	7.84	7.24
Debt-free, Cash-free Net Working Capital to Revenue	-278.23%	-86.79%	-72.81%	-57.83%	-46.63%	-47.65%	-28.70%	-36.52%	-44.79%	2,495.32%
Debt-free Net Working Capital to Revenue	-164.80%	-43.67%	-19.85%	20.65%	14.47%	55.72%	41.37%	85.52%	61.91%	2,572.74%
Net Working Capital to Revenue	-164.80%	-43.67%	-19.85%	20.65%	14.47%	55.72%	41.37%	85.52%	61.91%	2,572.74%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.72)	($0.40)	($0.09)	($0.39)	$0.24	($0.50)	$0.02	$0.26	($0.17)	$0.30
Adjusted Weighted Average Basic Shares Outstanding	139.23M	139.56M	139.08M	138.79M	138.62M	138.90M	138.40M	138.39M	139.31M	139.43M
Adjusted Diluted Earnings per Share	($0.72)	($0.40)	($0.09)	($0.39)	$0.24	($0.50)	$0.02	$0.26	($0.17)	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	139.23M	139.56M	139.08M	138.79M	138.62M	138.90M	138.40M	138.39M	139.31M	139.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	139.36M	139.36M	138.95M	138.75M	138.75M	138.73M	138.39M	138.38M	139.38M	138.38M
Normalized Net Operating Profit after Tax (NOPAT)	-100	16	16	14	25	28	30	22	22	75
Normalized NOPAT Margin	0.00%	24.74%	25.27%	23.30%	32.50%	35.35%	37.34%	32.51%	33.27%	51.64%
Pre Tax Income Margin	0.00%	-86.65%	-17.92%	-89.75%	44.81%	-85.59%	5.26%	53.08%	-35.70%	28.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.53	42.12	21.51	6.31	22.43	25.88	0.00	23.70	0.00	1.61
NOPAT to Interest Expense	-0.33	29.23	14.91	4.23	19.22	17.16	0.00	22.86	0.00	1.57
EBIT Less CapEx to Interest Expense	-0.53	41.87	21.40	6.16	22.10	25.63	0.00	23.22	0.00	1.60
NOPAT Less CapEx to Interest Expense	-0.33	28.99	14.80	4.08	18.89	16.90	0.00	22.38	0.00	1.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-54.54%	-163.91%	-159.90%	-210.30%	3,188.30%	-412.58%	345.44%	174.41%	185.54%	232.28%
Augmented Payout Ratio	-54.54%	-163.91%	-159.90%	-210.30%	3,188.30%	-412.58%	345.44%	189.66%	204.88%	252.57%

Frequently Asked Questions About Claros Mortgage Trust's Financials

When does Claros Mortgage Trust's fiscal year end?

According to the most recent income statement we have on file, Claros Mortgage Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Claros Mortgage Trust's net income changed over the last 2 years?

Claros Mortgage Trust's net income appears to be on an upward trend, with a most recent value of -$221.27 million in 2024, falling from $112.16 million in 2022. The previous period was $6.03 million in 2023. See Claros Mortgage Trust's forecast for analyst expectations on what’s next for the company.

What is Claros Mortgage Trust's operating income?

Claros Mortgage Trust's total operating income in 2024 was -$77.62 million, based on the following breakdown:

Total Gross Profit: $87.35 million
Total Operating Expenses: $164.97 million

How has Claros Mortgage Trust revenue changed over the last 2 years?

Over the last 2 years, Claros Mortgage Trust's total revenue changed from $287.20 million in 2022 to $87.35 million in 2024, a change of -69.6%.

How much debt does Claros Mortgage Trust have?

Claros Mortgage Trust's total liabilities were at $4.96 billion at the end of 2024, a 14.0% decrease from 2023, and a 14.3% decrease since 2022.

How much cash does Claros Mortgage Trust have?

In the past 2 years, Claros Mortgage Trust's cash and equivalents has ranged from $99.08 million in 2024 to $306.46 million in 2022, and is currently $99.08 million as of their latest financial filing in 2024.

How has Claros Mortgage Trust's book value per share changed over the last 2 years?

Over the last 2 years, Claros Mortgage Trust's book value per share changed from 17.75 in 2022 to 14.41 in 2024, a change of -18.8%.

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This page (NYSE:CMTG) was last updated on 5/21/2025 by MarketBeat.com Staff

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Claros Mortgage Trust (CMTG) Financials

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Claros Mortgage Trust (CMTG) Financials

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