LADR Class A Ladder Capital Corp Class A Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 27, 2026
$8.62
· of 52w range
· above low
· to high
$8.5652w low
$11.4852w high
Market Cap
$1.10B
P/E
16.9
EPS
$0.51
your badges
52W Range
$9–$11
Analyst Rating
BUY
Price Target
$12
P/E
16.9
ROE
4.2%
Net Profit Margin
69.2%
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LADR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.62
Market Cap
$1.10B
P/E
16.9
EPS
$0.51
ROE
4.2%
52W Range
$9–$11
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10-Year Performance Revenue, net income, margins and EPS trends
EPS$0.512020-12-31 → 2025-12-31
Net margin69.2%2020-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | LADR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 16.9 | · | 7.8 | Overvalued | |
| P/S | 11.9 | · | 10.6 | Overvalued | |
| P/B | 0.7 | · | 0.9 | Undervalued | |
| Price / Cash Flow | 12.6 | · | 14.2 | Overvalued | |
| Price / Tangible Book | 0.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | LADR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | 34.8% | · | · | · | |
| Pretax Margin | 73.0% | · | 42.6% | Top tier | |
| Net Profit Margin | 69.2% | · | 64.5% | In line | |
| ROA | 1.3% | · | 1.5% | Weak | |
| ROE | 4.2% | · | 9.7% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | LADR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -32.9% | · | · | · | |
| Revenue CAGR 3Y | -2.1% | · | · | · | |
| Revenue CAGR 5Y | 49.4% | · | · | · | |
| EPS YoY | -40.7% | · | · | · | |
| Net Income YoY | -40.7% | · | · | · | |
| EPS CAGR 3Y | -23.3% | · | · | · | |
| Net Income CAGR 3Y | -27.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | LADR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.0 | In line |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$0.92
5Y Div CAGR≈2.8%
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Jun 30, 2026 | $0.23 | USD | ≈9.2% |
| Mar 31, 2026 | $0.23 | USD | ≈9.4% |
| Dec 31, 2025 | $0.23 | USD | ≈8.4% |
| Sep 30, 2025 | $0.23 | USD | ≈8.4% |
| Jun 30, 2025 | $0.23 | USD | ≈8.6% |
| Mar 31, 2025 | $0.23 | USD | ≈8.1% |
| Dec 31, 2024 | $0.23 | USD | ≈8.2% |
| Sep 30, 2024 | $0.23 | USD | ≈7.9% |
| Jun 28, 2024 | $0.23 | USD | ≈8.1% |
| Mar 27, 2024 | $0.23 | USD | ≈8.4% |
| Dec 28, 2023 | $0.23 | USD | ≈7.9% |
| Sep 28, 2023 | $0.23 | USD | ≈9.0% |
| Jun 29, 2023 | $0.23 | USD | ≈8.6% |
| Mar 30, 2023 | $0.23 | USD | ≈9.8% |
| Dec 29, 2022 | $0.23 | USD | ≈8.8% |
| Sep 29, 2022 | $0.23 | USD | ≈9.7% |
| Jun 29, 2022 | $0.22 | USD | ≈7.8% |
| Mar 30, 2022 | $0.20 | USD | ≈6.7% |
| Dec 30, 2021 | $0.20 | USD | ≈6.7% |
| Sep 29, 2021 | $0.20 | USD | ≈7.1% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-6.7%
Next Report
Oct 21, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 22, 2026 | $0.24 | $0.24 | -1.3% |
| March 31, 2026 | $0.22 | $0.23 | -4.6% | |
| Dec. 31, 2025 | $0.17 | $0.24 | -29.6% | |
| Sept. 30, 2025 | $0.25 | $0.24 | 5.4% | |
| June 30, 2025 | $0.23 | $0.23 | 1.7% | |
| March 31, 2025 | $0.20 | $0.23 | -11.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $19M | $19M | $20M | $21M | $18M | $20M | $23M | $22M | $21M | $21M | $25M | $25M | |
| Interest Expense | · | · | $245M | $196M | $183M | $227M | $204M | $194M | $146M | $121M | $113M | $78M | |
| Interest Income | $267M | $359M | $407M | $294M | $176M | $240M | $330M | $345M | $264M | $236M | $242M | $187M | |
| Other Non-op | $123M | $148M | $127M | $251M | $182M | $140M | $175M | $250M | $186M | $163M | $201M | $189M | |
| Pretax Income | $67M | $111M | $105M | $170M | $58M | $-19M | $140M | $228M | $134M | $120M | $161M | $124M | |
| Income Tax | $3M | $3M | $4M | $5M | $928.0K | $-10M | $3M | $7M | $8M | $6M | $15M | $27M | |
| Net Income | $64M | $107M | $101M | $165M | $57M | $-9M | $137M | $222M | $126M | $114M | $146M | $98M | |
| EPS (Basic) | $0.51 | $0.86 | $0.81 | $1.14 | $0.46 | $-0.13 | $1.16 | $1.85 | $1.16 | $1.08 | $1.43 | $0.90 | |
| EPS (Diluted) | $0.51 | $0.86 | $0.81 | $1.13 | $0.45 | $-0.13 | $1.15 | $1.84 | $1.13 | $1.06 | $1.42 | $0.86 | |
| Shares (Basic) | · | 125,576,784 | 124,667,877 | 124,301,421 | 123,763,843 | 112,409,615 | 105,455,849 | 97,226,027 | 81,902,524 | 61,998,089 | 51,702,188 | 49,296,417 | |
| Shares (Diluted) | · | 125,785,295 | 124,882,398 | 125,823,671 | 124,563,051 | 112,409,615 | 106,399,783 | 97,652,065 | 109,704,880 | 107,638,788 | 51,870,808 | 97,583,310 | |
| EBITDA | $32M | $32M | $30M | $33M | $38M | $39M | $39M | $42M | $40M | $39M | $39M | $28M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $38M | $1.32B | $1.02B | $609M | $549M | $1.25B | $58M | $68M | $77M | $45M | $109M | $76M | |
| Intangibles | $52M | $51M | $61M | $65M | $79M | $91M | $98M | $104M | $129M | $107M | $107M | $108M | |
| Total Assets | $5.15B | $4.85B | $5.51B | $5.95B | $5.85B | $5.88B | $6.67B | $6.27B | $6.03B | $5.58B | $5.90B | $5.81B | |
| Total Liabilities | $3.67B | $3.31B | $3.98B | $4.42B | $4.34B | $4.33B | $5.03B | $4.63B | $4.54B | $4.07B | $4.40B | $4.31B | |
| Retained Earnings | $-260M | $-207M | $-198M | $-177M | $-208M | $-164M | $-36M | $11M | $-39M | $-11M | $61M | $44M | |
| Treasury Stock | $39M | $30M | $12M | $96M | $76M | $63M | $43M | $33M | $32M | $11M | $6M | $0 | |
| AOCI | $-4M | $-5M | $-14M | $-21M | $-4M | $-10M | $4M | $-5M | $-212.0K | $1M | $-4M | $16M | |
| Stockholders' Equity | $1.48B | $1.54B | $1.53B | $1.53B | $1.51B | $1.54B | $1.46B | $1.45B | $1.23B | $971M | $828M | $785M | |
| Liabilities + Equity | $5.15B | $4.85B | $5.51B | $5.95B | $5.85B | $5.88B | $6.67B | $6.27B | $6.03B | $5.58B | $5.90B | $5.81B | |
| Shares Outstanding | 127,234,000 | 127,106,000 | 126,912,000 | 126,502,000 | · | · | · | · | · | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $32M | $32M | $30M | $33M | $38M | $39M | $39M | $42M | $40M | $39M | $39M | $28M | |
| Stock-based Comp | $20M | $19M | $19M | $32M | $15M | $43M | $22M | $9M | $19M | $18M | $14M | $14M | |
| Deferred Tax | $2M | $2M | $1M | $-505.0K | $272.0K | $94.0K | $5M | $-8M | $6M | $2M | $3M | $-7M | |
| Other Non-cash | $-31M | $-26M | $30M | $-122M | $-31M | $40M | $-19M | $-65M | $-179M | $236M | $-161M | $75M | |
| Operating Cash Flow | $87M | $134M | $181M | $107M | $80M | $112M | $183M | $200M | $12M | $338M | $-38M | $209M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Investing Cash Flow | $-1.61B | $933M | $794M | $82M | $-651M | $1.54B | $-127M | $-343M | $-307M | $36M | $35M | · | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $188M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $157M | |
| Stock Issued | · | · | $0 | $0 | $1.0K | $32M | $0 | $99M | $0 | $0 | $0 | $259M | |
| Stock Repurchased | $12M | $7M | $2M | $8M | $9M | $3M | $637.0K | $0 | $3M | $5M | $994.0K | $0 | |
| Net Stock Activity | $-12M | $-7M | $-2M | $-8M | $-9M | $29M | $-637.0K | $99M | $-3M | $-5M | $-994.0K | $259M | |
| Financing Cash Flow | $227M | $-797M | $-558M | $-150M | $-91M | $-726M | $201M | $58M | $388M | $-448M | $22M | · | |
| Net Change in Cash | $-1.29B | $270M | $416M | $38M | $-663M | $929M | $257M | $-84M | $93M | · | · | · | |
| Taxes Paid | $4M | $2M | $-2M | $-1M | $-3M | $2M | $885.0K | $10M | $-214.0K | $9M | $7M | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | $209M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $148M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 69.2% | 78.4% | 62.0% | 168.8% | -830.6% | -76.4% | 108.8% | 147.3% | 107.1% | 98.4% | 44.4% | 32.7% | |
| Pretax Margin | 73.0% | 80.9% | 64.6% | 173.8% | -844.1% | -155.5% | 110.9% | 151.7% | 113.7% | 103.9% | 48.8% | 41.6% | |
| EBITDA Margin | 34.8% | 23.6% | 18.4% | 33.4% | -551.8% | 315.8% | 30.6% | 27.9% | 34.3% | 34.1% | 11.9% | 9.5% | |
| ROA | 1.3% | 2.2% | 1.8% | 2.8% | 0.97% | -0.15% | 2.1% | 3.5% | 2.2% | 2.0% | 2.5% | 2.1% | |
| ROE | 4.2% | 7.0% | 6.6% | 10.9% | 3.7% | -0.63% | 9.4% | 16.5% | 11.4% | 12.6% | 18.1% | 10.0% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $11.66 | · | · | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | · | $1.09 | $1.30 | $0.78 | $-0.06 | $0.11 | $1.18 | $1.54 | $1.07 | $1.07 | $6.35 | $3.06 | |
| Cash Flow / Share | · | $1.06 | $1.45 | $0.85 | $0.64 | $1.00 | $1.72 | $2.05 | $0.11 | $3.80 | $0.78 | $2.14 | |
| Cash / Share | $0.30 | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend / Share | · | · | · | · | · | · | · | $1.53 | $1.22 | $1.28 | · | · | |
| EPS (TTM) | $0.51 | $0.86 | $0.81 | $1.13 | $0.45 | $-0.13 | $1.15 | $1.84 | $1.13 | $1.06 | $1.42 | $0.86 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -32.9% | -15.5% | 65.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -2.1% | · | 135.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 49.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -40.7% | 6.2% | -28.3% | 151.1% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -23.3% | 24.1% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -40.7% | 6.9% | -39.2% | 190.6% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -27.2% | 23.6% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $92M | $137M | $162M | $98M | $-7M | $12M | $126M | $151M | $118M | $116M | $329M | $299M | |
| Net Income TTM | $64M | $107M | $101M | $165M | $57M | $-9M | $137M | $222M | $126M | $114M | $146M | $98M | |
| Market Cap | $1.40B | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 21.5 | 13.0 | 14.2 | 8.9 | 26.6 | -75.2 | 15.7 | 8.4 | 12.1 | 12.9 | 8.7 | 22.8 | |
| P/S | 15.2 | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | 0.9 | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 1.0 | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 16.1 | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.6% | 7.7% | 7.0% | 11.2% | 3.8% | -1.3% | 6.4% | 11.9% | 8.3% | 7.7% | 11.4% | 4.4% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | $5M | $5M | $5M | $5M | $5M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $59M | · | $62M | $61M | $61M | · | $48M | |
| Interest Income | $78M | $74M | $68M | $72M | $63M | $64M | $78M | $96M | $89M | $96M | $101M | $101M | $102M | $104M | $95M | $77M | |
| Other Non-op | $35M | $29M | $28M | $30M | $35M | $31M | $41M | $33M | $42M | $32M | $21M | $41M | $34M | $32M | $82M | $42M | |
| Pretax Income | $16M | $3M | $16M | $20M | $21M | $11M | $33M | $28M | $31M | $18M | $18M | $34M | $28M | $24M | $75M | $31M | |
| Income Tax | $2M | $566.0K | $-343.0K | $960.0K | $4M | $-838.0K | $2M | $901.0K | $-1M | $2M | $-669.0K | $3M | $46.0K | $2M | $1M | $3M | |
| Net Income | $15M | $3M | $16M | $19M | $17M | $12M | $31M | $28M | $32M | $16M | $19M | $31M | $28M | $22M | $74M | $29M | |
| EPS (Basic) | $0.12 | $0.02 | $0.13 | $0.15 | $0.14 | $0.09 | $0.25 | $0.22 | $0.26 | $0.13 | $0.15 | $0.25 | $0.23 | $0.18 | $0.48 | $0.23 | |
| EPS (Diluted) | $0.12 | $0.02 | $0.13 | $0.15 | $0.14 | $0.09 | $0.25 | $0.22 | $0.26 | $0.13 | $0.15 | $0.25 | $0.23 | $0.18 | $0.47 | $0.23 | |
| Shares (Basic) | 124,730,611 | 125,399,604 | · | 125,339,188 | 125,796,410 | 125,628,951 | · | 125,705,754 | 125,730,765 | 125,315,765 | · | 124,730,343 | 124,731,195 | 124,493,132 | · | 124,278,732 | |
| Shares (Diluted) | 125,249,856 | 126,017,951 | · | 126,115,547 | 126,204,424 | 126,279,680 | · | 125,905,528 | 125,839,500 | 125,520,373 | · | 124,968,545 | 124,827,596 | 124,656,102 | · | 125,172,180 | |
| EBITDA | $9M | $9M | · | $8M | $8M | $7M | · | $8M | $8M | $8M | · | $7M | $7M | $8M | · | $8M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $38M | $33M | $38M | $49M | $135M | $480M | $1.32B | $1.61B | $1.20B | $1.22B | $1.02B | $798M | $777M | $626M | $609M | $328M | |
| Intangibles | $49M | $52M | $52M | $54M | $53M | $48M | $51M | $54M | $56M | $59M | · | $62M | $62M | $64M | · | $65M | |
| Total Assets | $5.61B | $5.61B | $5.15B | $4.69B | $4.46B | $4.47B | $4.85B | $5.38B | $5.05B | $5.32B | $5.51B | $5.50B | $5.63B | $5.86B | $5.95B | $5.87B | |
| Total Liabilities | $4.18B | $4.16B | $3.67B | $3.19B | $2.96B | $2.96B | $3.31B | $3.85B | $3.52B | $3.80B | · | $3.96B | $4.10B | $4.33B | · | $4.37B | |
| Retained Earnings | $-301M | $-287M | $-260M | $-247M | $-237M | $-225M | $-207M | $-209M | $-208M | $-211M | · | $-183M | $-185M | $-184M | · | $-207M | |
| Treasury Stock | $41M | $33M | $39M | $38M | $37M | $30M | $30M | $23M | $22M | $22M | · | $106M | $106M | $106M | · | $95M | |
| AOCI | $-5M | $-6M | $-4M | $-3M | $-6M | $-7M | $-5M | $-9M | $-11M | $-10M | · | $-15M | $-17M | $-18M | · | $-19M | |
| Stockholders' Equity | $1.43B | $1.45B | $1.48B | $1.50B | $1.50B | $1.52B | $1.54B | $1.53B | $1.53B | $1.53B | · | $1.54B | $1.53B | $1.53B | · | $1.50B | |
| Liabilities + Equity | $5.61B | $5.61B | $5.15B | $4.69B | $4.46B | $4.47B | $4.85B | $5.38B | $5.05B | $5.32B | · | $5.50B | $5.63B | $5.86B | · | $5.87B | |
| Shares Outstanding | · | 127,668,000 | 127,234,000 | · | · | · | 127,106,000 | · | · | · | 126,912,000 | · | · | · | · | · |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $9M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | |
| Stock-based Comp | $4M | $14M | $3M | $3M | $3M | $11M | $2M | $3M | $3M | $10M | $3M | $3M | $3M | $9M | $4M | $4M | |
| Deferred Tax | $-700.0K | $-100.0K | $426.0K | $-100.0K | $2M | $-500.0K | $1M | $500.0K | $-1M | $1M | $-2M | $2M | $100.0K | $800.0K | $-605.0K | $-2M | |
| Other Non-cash | · | $-34M | · | · | · | $-58M | · | · | · | $-57M | · | · | · | $72M | · | · | |
| Operating Cash Flow | $39M | $-8M | $45M | $26M | $44M | $-29M | $-60M | $169M | $45M | $-20M | $58M | $78M | $-67M | $111M | $54M | $38M | |
| Investing Cash Flow | $24M | $-451M | $-536M | $-291M | $-406M | $-374M | $199M | $147M | $250M | $337M | $191M | $79M | $335M | $188M | $290M | $45M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | · | $0 | |
| Stock Repurchased | $8M | $13M | $1M | $2M | $7M | $2M | $4M | $1M | $211.0K | $647.0K | $0 | $196.0K | $0 | $2M | $2M | $2M | |
| Net Stock Activity | · | $-13M | · | · | · | $-2M | · | · | · | $-647.0K | · | · | · | $-2M | · | · | |
| Financing Cash Flow | $-61M | $458M | $481M | $180M | $-23M | $-410M | $-492M | $176M | $-320M | $-160M | $-41M | $-164M | $-155M | $-198M | $-42M | $-9M | |
| Net Change in Cash | $3M | $-1M | $-10M | $-85M | $-385M | $-813M | $-353M | $492M | $-25M | $157M | $208M | $-6M | $113M | $101M | $302M | $74M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 64.5% | 11.3% | · | 69.0% | 79.5% | 56.8% | · | 71.8% | 93.6% | 44.2% | · | 80.3% | 69.4% | 51.5% | · | 99.3% | |
| Pretax Margin | 72.2% | 13.8% | · | 72.4% | 96.7% | 52.7% | · | 74.1% | 90.4% | 49.4% | · | 88.4% | 69.5% | 55.5% | · | 108.3% | |
| EBITDA Margin | 41.4% | 38.7% | · | 29.6% | 37.4% | 36.1% | · | 21.2% | 24.5% | 22.4% | · | 18.4% | 18.4% | 17.5% | · | 27.2% | |
| ROA | 0.29% | 0.05% | · | 0.38% | 0.36% | 0.24% | · | 0.51% | 0.60% | 0.29% | · | 0.55% | 0.49% | 0.38% | · | 0.51% | |
| ROE | 0.99% | 0.18% | · | 1.3% | 1.1% | 0.76% | · | 1.8% | 2.1% | 1.1% | · | 2.1% | 1.8% | 1.5% | · | 1.9% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $11.33 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Revenue / Share | $0.18 | $0.18 | · | $0.22 | $0.17 | $0.16 | · | $0.31 | $0.27 | $0.30 | · | $0.31 | $0.32 | $0.35 | · | $0.23 | |
| Cash Flow / Share | · | $-0.06 | · | · | · | $-0.23 | · | · | · | $-0.16 | · | · | · | $0.89 | · | · | |
| Cash / Share | · | $0.26 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $0.42 | $0.44 | · | $0.63 | $0.70 | $0.82 | · | $0.76 | $0.79 | $0.76 | · | $1.13 | $1.11 | $1.16 | · | $0.88 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $96M | $95M | · | $97M | $107M | $120M | · | $150M | $150M | $156M | · | $160M | $150M | $132M | · | $71M | |
| Net Income TTM | $52M | $55M | · | $79M | $88M | $103M | · | $95M | $99M | $95M | · | $156M | $153M | $168M | · | $118M | |
| Market Cap | · | $1.25B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 23.7 | 22.2 | · | 17.3 | 15.4 | 13.9 | · | 15.3 | 14.3 | 14.6 | · | 9.1 | 9.8 | 8.1 | · | 10.2 | |
| P/S | · | 13.2 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | · | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | · | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | -156.1 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.2% | 4.5% | · | 5.8% | 6.5% | 7.2% | · | 6.6% | 7.0% | 6.8% | · | 11.0% | 10.2% | 12.3% | · | 9.8% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|
| Net Income | $64M | · | $107M | · | · |
| Diluted EPS | $0.51 | · | $0.86 | · | · |
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 232 filers · $938.0M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
232
Value held
$938.0M
New positions
26
Exited positions
23
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 26 (-19 vs prior Q) | 23 (0 vs prior Q) | 89 (+24 vs prior Q) | 62 (-19 vs prior Q) | +3.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $121,629,934 | 11,067,328 | 12.97% | Shares |
| BlackRock, Inc. | $103,642,176 | 10,416,299 | 11.05% | Shares |
| JENNISON ASSOCIATES LLC | $63,776,457 | 6,409,694 | 6.80% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $50,201,113 | 5,045,338 | 5.35% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $48,852,809 | 4,909,830 | 5.21% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $41,419,392 | 4,162,753 | 4.42% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $35,622,772 | 3,580,178 | 3.80% | Shares |
| TWO SIGMA INVESTMENTS, LP | $30,814,553 | 3,096,940 | 3.29% | Shares |
| STATE STREET CORP | $30,330,665 | 2,981,326 | 3.23% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $28,830,941 | 2,897,106 | 3.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $27,814,499 | 2,795,427 | 2.97% | Shares |
| JPMORGAN CHASE & CO | $27,205,964 | 2,659,315 | 2.90% | Shares |
| GOLDMAN SACHS GROUP INC | $25,265,886 | 2,539,285 | 2.69% | Shares |
| Nuveen, LLC | $20,714,030 | 2,081,812 | 2.21% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $17,412,500 | 1,750,000 | 1.86% | Shares |
| TWO SIGMA ADVISERS, LP | $15,427,213 | 1,403,750 | 1.64% | Shares |
| Russell Investments Group, Ltd. | $14,363,275 | 1,443,545 | 1.53% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,949,104 | 1,401,920 | 1.49% | Shares |
| Qube Research & Technologies Ltd | $11,633,819 | 1,169,228 | 1.24% | Shares |
| NORTHERN TRUST CORP | $11,198,796 | 1,125,507 | 1.19% | Shares |
| VAN ECK ASSOCIATES CORP | $11,174,825 | 1,123,098 | 1.19% | Shares |
| Allianz Asset Management GmbH | $10,221,187 | 1,027,255 | 1.09% | Shares |
| Balyasny Asset Management L.P. | $7,368,890 | 740,592 | 0.79% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,184,149 | 722,025 | 0.77% | Shares |
| Focus Partners Wealth | $7,178,804 | 721,487 | 0.77% | Shares |
| Aptus Capital Advisors, LLC | $6,683,803 | 671,739 | 0.71% | Shares |
| RAYMOND JAMES FINANCIAL INC | $6,604,174 | 663,736 | 0.70% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5,786,373 | 581,545 | 0.62% | Shares |
| MORGAN STANLEY | $5,353,816 | 538,070 | 0.57% | Shares |
| Bank of New York Mellon Corp | $5,256,097 | 528,251 | 0.56% | Shares |
| FRANKLIN RESOURCES INC | $5,096,162 | 512,177 | 0.54% | Shares |
| Access Investment Management LLC | $4,810,287 | 483,446 | 0.51% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,213,417 | 423,459 | 0.45% | Shares |
| Brevan Howard Capital Management LP | $3,943,882 | 396,370 | 0.42% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,914,744 | 393,442 | 0.42% | Shares |
| UBS Group AG | $3,672,993 | 369,145 | 0.39% | Shares |
| DENALI ADVISORS LLC | $3,521,305 | 353,900 | 0.38% | Shares |
| Phocas Financial Corp. | $3,513,564 | 353,122 | 0.37% | Shares |
| Almitas Capital LLC | $3,387,746 | 340,477 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $3,382,841 | 339,984 | 0.36% | Shares |
| Lido Advisors, LLC | $3,376,443 | 331,674 | 0.36% | Shares |
| Invesco Ltd. | $3,342,017 | 335,881 | 0.36% | Shares |
| Waterloo Capital, L.P. | $3,167,258 | 318,317 | 0.34% | Shares |
| FIRST TRUST ADVISORS LP | $2,941,409 | 295,619 | 0.31% | Shares |
| MERITAGE PORTFOLIO MANAGEMENT | $2,828,529 | 257,373 | 0.30% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,370,170 | 238,208 | 0.25% | Shares |
| Swiss National Bank | $2,286,580 | 229,807 | 0.24% | Shares |
| Kestra Advisory Services, LLC | $2,278,937 | 229,039 | 0.24% | Shares |
| Schonfeld Strategic Advisors LLC | $2,245,514 | 225,680 | 0.24% | Shares |
| Atom Investors LP | $2,201,288 | 221,235 | 0.23% | Shares |
Activists & 5%+ owners 6 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Brian Harris ×4 filings | Feb. 20, 2026 | 6.80% | Amendment | · | SEC |
| RELATED FUND MANAGEMENT, LLC, RELATED REAL ESTATE FUND II GP-A, LLC, RELATED REAL ESTATE FUND II GP, L.P., RELATED REAL ESTATE FUND II, L.P., RREFII ACQUISITIONS, LLC, RREF II LADDER LLC ×7 filings | March 14, 2019 | · | Initial filing | · | SEC |
| GI Partners Fund III L.P., GI Ladder Holdco, LLC, GI Partners Fund III-A L.P., GI Partners Fund III-B L.P., GI GP III L.P., GI Holdings III L.P., GI GP III LLC ×8 filings | Dec. 6, 2017 | · | Initial filing | · | SEC |
| OCP LCF Holdings Inc., OMERS Administration Corporation ×4 filings | Nov. 28, 2017 | · | Initial filing | Passive investment | SEC |
| TowerBrook Investors, Ltd., TowerBrook Investors GP II, L.P., TowerBrook Investors II, L.P., TowerBrook Investors II Executive Fund, L.P., TI II Ladder Holdings, LLC, Neal Moszkowski, Ramez Sousou ×5 filings | June 16, 2017 | · | Initial filing | · | SEC |
| TowerBrook Investors Ltd., TowerBrook Investors GP II, L.P., TowerBrook Investors II, L.P., TowerBrook Investors II AIV, L.P., TowerBrook Investors II Executive Fund, L.P., TI II Ladder Holdings, LLC, Neal Moszkowski, Ramez Sousou ×2 filings | Jan. 28, 2016 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 20 insiders · 10 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brian Harris | Chief Executive Officer | Feb. 20, 2026 F | 528,768 | 1 | 0 | $51,600 |
| Paul J. Miceli | Chief Financial Officer | Feb. 20, 2026 F | 333,457 | 0 | 0 | $0 |
| Marc Fox | Chief Financial Officer | Jan. 25, 2021 S | 359,403 | 0 | 0 | $0 |
| Pamela Mccormack | President | May 6, 2026 G | 433,157 | 0 | 0 | $0 |
| Anthony Vincent Esposito | Chief Accounting Officer | Feb. 20, 2026 F | 61,010 | 1 | 0 | $637 |
| Kelly Amanda Porcella | Chief Admin Off & Gen Counsel | Feb. 20, 2026 F | 315,895 | 0 | 0 | $0 |
| Robert Perelman | Head of Asset Management | Feb. 20, 2026 F | 463,684 | 0 | 0 | $0 |
| Kevin Moclair | Chief Accounting Officer | Feb. 10, 2022 F | 13,729 | 0 | 0 | $0 |
| Thomas Harney | Head-Merchant Banking & Cap Mk | March 7, 2019 F | 447,328 | 0 | 0 | $0 |
| Greta Guggenheim | Chief Investment Officer | Aug. 18, 2015 F | 144,638 | 0 | 0 | $0 |
| David Alan Weiner | Director | Feb. 18, 2026 A | 49,408 | 0 | 0 | $0 |
| Jeffrey B Steiner | Director | Feb. 18, 2026 A | 34,509 | 0 | 1 | $-212,148 |
| Mark David Alexander | Director | Feb. 18, 2026 A | 36,427 | 0 | 0 | $0 |
| Douglas Durst | Director | Feb. 18, 2026 A | 72,956 | 0 | 0 | $0 |
| Alan H Fishman | Director | Feb. 18, 2026 A | 1,252,181 | 0 | 0 | $0 |
| Michael Mazzei | Director | Feb. 25, 2020 F | 968,545 | 0 | 0 | $0 |
| Richard L. O'Toole | Director | Feb. 18, 2019 A | 14,564 | 0 | 0 | $0 |
| Howard Park | Director | March 9, 2017 C | 2,030,931 | 0 | 0 | $0 |
| Joel Clinton Peterson | Director | Feb. 17, 2015 A | 7,066 | 0 | 0 | $0 |
| Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp | 10% owner | Dec. 12, 2016 J | 9,130,756 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 35 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| DVDN · ETF Opportunities Trust | 4.51% | 14,440 NS | July 31, 2026 | N-PORT |
| SRET · Global X Funds | 3.14% | 765,981 NS | July 31, 2026 | N-PORT |
| OSCV · ETF Series Solutions | 0.96% | 709,580 NS | July 31, 2026 | N-PORT |
| SDIV · Global X Funds | 0.92% | 1,172,371 NS | July 31, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.35% | 70,701 NS | July 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.18% | 263,015 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,740,000 | Oct. 2, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 80,840 NS | July 31, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.10% | 1,301 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 100,027 SH | Aug. 19, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.07% | 12,227 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 31,134 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 111,980 | Oct. 2, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 10,788 | Oct. 2, 2026 | Daily |
| IWM · iShares Trust | 0.04% | 2,913,308 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 54,757 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 657,605 SH | Aug. 19, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 1,581,803 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 29,862 NS | July 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 31,877 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 7,676 SH | Sept. 10, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,265,889 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 2,485,595 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 185,858 SH | Aug. 19, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 146,155 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 28,813 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,456,837 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 77,583 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,350 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 25,100 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | · | 1,076,031 SH | Sept. 11, 2026 | Daily |
| REM · iShares Trust | · | 1,424,533 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 5,184 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 24,895 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 276,751 SH | Sept. 11, 2026 | Daily |
LADR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
BUY
Median target
$12.00
+39.2%
5 38.5%
Strong Buy
6 46.2%
Buy
2 15.4%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
7 analysts · 2026-09-29Mean target $12.00 +39.2%
← Below all targets
Current price $8.62
Low$10.25
Mean$12.00
High$13.50
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LADR | $1.40B | 21.5 | -32.9% | 69.2% | 4.2% | · |
| DX | $2.45B | 5.7 | 1845.8% | 279.0% | 15.7% | · |
| ARR | $1.98B | 5.4 | 490.8% | 203.8% | 16.5% | · |
| BXMT | $3.22B | 29.9 | 10.9% | 19.8% | 3.0% | · |
| EFC | $1.54B | 11.4 | 10.1% | 35.3% | 7.0% | · |
| ORC | $1.31B | · | 1944.3% | 146.9% | 13.9% | · |
| ARI | · | 12.0 | -10.6% | · | · | · |
| CIM | · | · | · | · | · | · |
| MFA | $946M | 7.2 | 14.0% | 76.5% | 9.7% | · |
| ADAM | · | · | · | · | · | · |
| PMT | $1.09B | 12.7 | · | -656.4% | 6.8% | · |
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Source: SEC 10-Q filed Jul 27, 2026