Top 5 Stocks to Buy Now
→ The 1934 playbook (From American Alternative) (Ad)tc pixel Free CMTG Stock Alerts

Claros Mortgage Trust (CMTG) Financials

Claros Mortgage Trust logo
$2.57 +0.06 (+2.27%)
As of 12:16 PM Eastern
This is a fair market value price provided by Massive. Learn more.
Compare
Annual Income Statements for Claros Mortgage Trust

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

Quarterly Income Statements for Claros Mortgage Trust

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

Annual Cash Flow Statements for Claros Mortgage Trust

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

Quarterly Cash Flow Statements for Claros Mortgage Trust

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

Annual Balance Sheets for Claros Mortgage Trust

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

Quarterly Balance Sheets for Claros Mortgage Trust

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

Annual Metrics And Ratios for Claros Mortgage Trust

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

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

Quarterly Metrics And Ratios for Claros Mortgage Trust

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

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

Financials Breakdown Chart

Key Financial Trends

Claros Mortgage Trust (NYSE:CMTG) showed a sharp deterioration in operating performance in late 2024, with losses returning after a profitable 2023 and cash levels falling. At the same time, the company continued to generate positive operating cash flow and used investment activity to offset heavy debt repayments.

For retail investors, the most important takeaway is that CMTG is still producing cash from its core operations, but earnings quality has weakened and the balance sheet remains highly leveraged. The fourth quarter of 2024 was especially weak on the income statement, even though the cash flow statement benefited from large non-cash adjustments and investment sales.

  • Operating cash flow remained positive in Q4 2024 at $18.3 million, showing the business still generated cash from core operations despite reporting a net loss.
  • Investment sales and maturities provided a major source of liquidity in Q4 2024, with $201.2 million of proceeds helping support cash generation.
  • The company also produced positive operating cash flow throughout 2024, including $21.5 million in Q1, $5.5 million in Q2, and $39.2 million in Q3 before slowing in Q4.
  • Revenue improved sequentially in 2024 from $58.8 million in Q1 to $64.5 million in Q2 and $64.9 million in Q3, before a jump to a more unusual Q4 structure driven by accounting items.
  • The company reduced its cash balance in Q4 2024 through debt repayment and other financing actions, which may indicate active balance sheet management rather than passive cash burn.
  • Q4 2024 non-cash adjustments were very large at $121.2 million, which helped offset the reported loss and boost operating cash flow.
  • Depreciation and amortization remain meaningful add-backs each quarter, reflecting a business model with substantial non-cash accounting charges.
  • Share count was relatively stable in 2024, with weighted average basic shares around 139 million across the year.
  • The balance sheet still shows substantial assets and equity, with Q3 2024 total assets of $7.31 billion and common equity of $2.10 billion.
  • Q4 2024 net income swung to a loss of $100.7 million, compared with a profit of $34.0 million in Q4 2023.
  • Revenue in Q4 2024 was negative in the reported data at $(100.8 million), indicating a very weak and highly distorted quarter from an accounting perspective.
  • Cash and equivalents fell to $113.9 million at Q3 2024 from $232.5 million at Q1 2024 and $307.4 million at Q3 2023.
  • Long-term debt rose to $1.29 billion at Q3 2024 from $1.07 billion at Q2 2024, suggesting leverage remains elevated even after repayments.
  • Financing cash flow was deeply negative in Q4 2024 at $(262.3 million), driven mainly by $368.8 million of debt repayments.
  • Cash interest paid remained high at $97.4 million in Q4 2024, underscoring the burden of financing costs.

Looking at the broader trend, CMTG’s 2023 results were much stronger than 2024. In 2023, the company posted positive net income in multiple quarters, including $36.7 million in Q1 and $34.0 million in Q4. By 2024, every quarter shown was a loss on a reported basis, and Q4 was the weakest by far.

Overall, Claros Mortgage Trust appears to be a cash-generating but highly leveraged mortgage REIT with volatile reported earnings. Investors should focus on three things going forward: whether operating cash flow stays positive, whether debt can be reduced without draining liquidity, and whether reported losses stabilize as the company moves through 2025.

06/23/26 12:16 PM ETAI Generated. May Contain Errors.

Claros Mortgage Trust Financials - Frequently Asked Questions

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.

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.

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

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%.

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.

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.

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%.


Related Companies

Financial statements for NYSE:CMTG last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Trump Takes Emergency Action - Plus Elon Musk's New Venture
Elon Musk has quietly launched a new venture - one that has nothing to do with rockets, EVs, or Neuralink. Tru...
Altimetry | Sponsoredtc pixel
The roadshow starts Monday. This stock isn't ready.
The SpaceX roadshow kicks off June 8. Goldman Sachs, the lead underwriter, will present the full S-1 to the wo...
Behind the Markets | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
Do NOT Buy SpaceX – Do This Instead
SpaceX just went public - and Whitney Tilson, Harvard MBA and 30-year Wall Street veteran, says buying in coul...
Stansberry Research | Sponsoredtc pixel
Trump just signed it
A recent policy development is drawing attention from income-focused investors. According to one analyst, c...
Investors Alley | Sponsoredtc pixel
SpaceX is chump change compared to Elon’s $20T ‘iPhone’
Early Apple investors saw peak gains as high as 7,537% after the iPhone launched. Now, multiple insider source...
StocksToTrade | Sponsoredtc pixel
Porter flew 3,300 miles to investigate this system
Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experi...
Porter & Company | Sponsoredtc pixel
Elon’s new "tollbooth"
The SpaceX IPO was valued at $1.75 trillion. But one analyst says fighting over those shares may be the wrong ...
Weiss Ratings | Sponsoredtc pixel