Claros Mortgage Trust (CMTG) Financials

$2.40 -0.09 (-3.43%)

Closing price 04/15/2025 03:59 PM Eastern

Extended Trading

$2.38 -0.01 (-0.42%)

As of 04/15/2025 05:38 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	2022	2023	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

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
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

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
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

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
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

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
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

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
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

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

Metric	2022	2023	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%

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
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%

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.

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 4/16/2025 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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