$LADR Market Cap: $1.501 Billion
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Financial Snapshot

Revenue
$313.1M
TTM
Gross Margin
71.2%
TTM
Net Earnings
$76.47M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
$4.845B
Q4 2024
Total Liabilities
$3.312B
Q4 2024
Book Value
$1.533B
Q4 2024
Cash
$1.323B
Q4 2024
P/E
19.63
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $358.6M $407.3M $293.5M $176.1M $239.8M $330.2M $344.8M $263.7M $236.4M $241.5M $187.3M $121.6M $136.2M $225.1M $186.8M
YoY Change -11.95% 38.76% 66.68% -26.58% -27.37% -4.23% 30.78% 11.55% -2.14% 28.94% 54.08% -10.73% -39.49% 20.5%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $358.6M $407.3M $293.5M $176.1M $239.8M $330.2M $344.8M $263.7M $236.4M $241.5M $187.3M $121.6M $136.2M $225.1M $186.8M
Cost Of Revenue $245.1M $195.6M $182.9M $227.5M $204.4M $194.3M $146.1M $120.8M $113.3M $77.60M $48.70M $36.50M $35.80M $48.90M
Gross Profit $278.6M $348.3M $174.9M $130.1M $303.0M $404.4M $304.0M $273.0M $329.1M $297.1M $311.3M $291.7M $189.2M $137.9M
Gross Profit Margin 68.4% 118.66% 99.32% 54.24% 91.75% 117.28% 115.3% 115.5% 136.25% 158.6% 256.05% 214.17% 84.05% 73.82%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $110.1M $122.8M $70.32M $93.90M $97.20M $95.00M $108.7M $97.90M $102.0M $117.8M $85.00M
YoY Change -10.36% 74.6% -25.11% -3.4% 2.32% -12.6% 11.03% -4.02% -13.41% 38.59%
% of Gross Profit 39.5% 35.25% 40.2% 72.18% 32.08% 23.49% 35.76% 35.86% 30.99% 39.65% 27.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.33M $29.91M $32.67M $37.80M $39.08M $38.51M $41.96M $40.33M $39.45M $39.06M $28.45M $21.52M $3.641M $1.000M $400.0K
YoY Change 8.07% -8.44% -13.57% -3.27% 1.47% -8.22% 4.03% 2.24% 0.99% 37.31% 32.22% 490.97% 264.06% 150.0%
% of Gross Profit 10.74% 9.38% 21.61% 30.04% 12.71% 10.38% 13.27% 14.45% 11.87% 9.57% 6.91% 1.25% 0.53% 0.29%
Operating Expenses $19.19M $19.50M $20.72M $17.67M $20.29M $22.60M $21.70M $21.42M $20.55M $25.10M $25.40M $14.94M $9.572M $36.60M $28.10M
YoY Change -1.59% -5.86% 17.22% -12.92% -10.18% 4.14% 1.28% 4.23% -18.13% -1.16% 70.03% 56.05% -73.85% 30.25%
Operating Profit $259.1M $327.6M $157.2M $109.8M $280.4M $382.7M $282.6M $252.4M $304.0M $271.7M $296.4M $282.1M $152.6M $109.8M
YoY Change -20.91% 108.35% 43.19% -60.84% -26.73% 35.43% 11.94% -16.96% 11.89% -8.32% 5.05% 84.88% 38.98%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $245.1M $195.6M $182.9M $227.5M $204.4M $194.3M $146.1M $120.8M $113.3M $77.57M $48.75M $36.44M -$81.10M -$20.70M
YoY Change 25.3% 6.92% -19.57% 11.31% 5.18% 32.97% 20.93% 6.64% 46.06% 59.14% 33.77% -144.93% 291.79%
% of Operating Profit 94.6% 59.71% 116.36% 207.16% 72.88% 50.77% 51.71% 47.86% 37.27% 28.55% 16.45% 12.92% -53.15% -18.85%
Other Income/Expense, Net $148.2M $127.1M $251.1M $181.7M $140.0M $174.7M $250.3M $186.5M $163.3M $201.2M $189.2M
YoY Change 16.59% -49.37% 38.14% 29.86% -19.87% -30.23% 34.24% 14.18% -18.84% 6.37%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $110.9M $104.7M $170.2M $57.82M -$19.25M $139.6M $228.3M $133.6M $120.0M $160.7M $124.2M $192.5M $172.0M $71.70M $89.10M
YoY Change 5.87% -38.46% 194.38% -400.42% -113.78% -38.84% 70.91% 11.29% -25.3% 29.35% -35.45% 11.87% 139.94% -19.53%
Income Tax $3.448M $4.244M $4.909M $928.0K -$9.789M $2.646M $6.643M $7.712M $6.320M $14.56M $26.61M $3.730M $2.584M $1.500M $600.0K
% Of Pretax Income 3.11% 4.05% 2.88% 1.6% 1.89% 2.91% 5.77% 5.26% 9.06% 21.42% 1.94% 1.5% 2.09% 0.67%
Net Earnings $107.4M $100.5M $165.3M $56.89M -$9.458M $137.0M $221.7M $125.9M $113.7M $146.1M $97.63M $188.7M $169.5M $70.10M $88.50M
YoY Change 6.91% -39.2% 190.55% -701.53% -106.9% -38.2% 76.1% 10.69% -22.18% 49.69% -48.27% 11.38% 141.73% -20.79%
Net Earnings / Revenue 29.96% 24.68% 56.32% 32.31% -3.94% 41.49% 64.29% 47.74% 48.11% 60.5% 52.12% 155.24% 124.42% 31.14% 47.38%
Basic Earnings Per Share $0.86 $0.81 $1.14 $0.46 -$0.13 $1.16 $1.85 $1.16 $1.08 $1.43 $0.90
Diluted Earnings Per Share $0.86 $0.81 $1.13 $0.45 -$0.13 $1.15 $1.84 $1.13 $1.06 $1.42 $0.86 $1.915M $1.832M $721.2K $910.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

No data

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $1.016B $609.1M $548.7M $1.254B $58.20M $67.90M $76.70M $44.60M $109.0M $76.20M $78.70M $43.80M $83.40M
YoY Change 66.76% 10.99% -56.25% 2055.33% -14.29% -11.47% 71.97% -59.08% 43.04% -3.18% 79.68% -47.48%
Cash & Equivalents $1.016B $609.1M $548.7M $1.254B $58.20M $67.90M $76.70M $44.60M $109.0M $76.20M $78.70M $43.80M $83.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.040B $634.0M $562.4M $1.271B $79.50M $95.10M $102.6M $69.00M $131.8M $100.9M $93.70M $57.80M $95.40M
YoY Change 64.02% 12.74% -55.73% 1498.11% -16.4% -7.31% 48.7% -47.65% 30.62% 7.68% 62.11% -39.41%
Property, Plant & Equipment $726.4M $651.0M $787.7M $894.1M $949.7M $998.0M $1.032B $822.3M $834.8M $769.0M $624.2M $380.0M $28.80M
YoY Change 11.59% -17.36% -11.9% -5.85% -4.84% -3.29% 25.5% -1.5% 8.56% 23.2% 64.26% 1219.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $492.4M $593.7M $726.4M $1.136B $1.831B $1.508B $1.220B $2.232B $2.550B $2.936B $1.745B $1.217B $2.010B
YoY Change -17.07% -18.27% -36.03% -37.99% 21.41% 23.65% -45.35% -12.45% -13.17% 68.32% 43.38% -39.47%
Other Assets $15.45M $50.52M $97.98M $29.90M $297.6M $30.60M $106.0M $0.00
YoY Change -69.42% -48.43% 227.7% -89.95% 872.55% -71.13%
Total Long-Term Assets $4.473B $5.317B $5.289B $4.611B $6.590B $6.178B $5.923B $5.509B $5.763B $5.713B $3.395B $2.571B $2.559B
YoY Change -15.88% 0.53% 14.71% -30.03% 6.67% 4.3% 7.51% -4.41% 0.88% 68.27% 32.06% 0.48%
Total Assets $5.513B $5.951B $5.851B $5.881B $6.669B $6.273B $6.026B $5.578B $5.895B $5.814B $3.489B $2.629B $2.654B
YoY Change
Accounts Payable $1.600M $1.600M $1.700M $2.500M $1.900M $900.0K
YoY Change 0.0% -5.88% -32.0% 31.58% 111.11%
Accrued Expenses $65.14M $84.23M $41.25M $43.90M $72.40M $82.40M $59.60M $66.60M $78.10M $92.00M $64.40M $19.30M $19.00M
YoY Change -22.66% 104.19% -6.04% -39.36% -12.14% 38.26% -10.51% -14.72% -15.11% 42.86% 233.68% 1.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $97.44M $116.2M $68.84M $71.40M $112.7M $121.3M $91.80M $93.80M $97.50M $92.90M $64.40M $19.30M $19.00M
YoY Change -16.17% 68.84% -3.59% -36.65% -7.09% 32.14% -2.13% -3.79% 4.95% 44.25% 233.68% 1.58%
Long-Term Debt $3.784B $4.246B $4.220B $4.210B $4.860B $4.453B $4.380B $3.942B $4.275B $4.183B $2.215B $1.485B $1.616B
YoY Change -10.88% 0.62% 0.23% -13.37% 9.15% 1.66% 11.1% -7.78% 2.19% 88.86% 49.18% -8.1%
Other Long-Term Liabilities $99.10M $55.69M $49.09M $51.50M $57.70M $55.40M $65.80M $32.80M $31.60M $33.20M $24.50M $23.90M $30.70M
YoY Change 77.95% 13.44% -4.68% -10.75% 4.15% -15.81% 100.61% 3.8% -4.82% 35.51% 2.51% -22.15%
Total Long-Term Liabilities $3.883B $4.301B $4.269B $4.261B $4.918B $4.508B $4.446B $3.975B $4.306B $4.216B $2.239B $1.509B $1.646B
YoY Change -9.73% 0.76% 0.17% -13.34% 9.09% 1.4% 11.84% -7.7% 2.14% 88.27% 48.44% -8.36%
Total Liabilities $3.980B $4.418B $4.344B $4.338B $5.211B $4.828B $4.791B $4.607B $5.067B $5.029B $2.313B $1.528B $1.666B
YoY Change -9.92% 1.7% 0.14% -16.75% 7.94% 0.77% 3.99% -9.08% 0.76% 117.44% 51.32% -8.23%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 125.6M shares 124.7M shares 124.3M shares 123.8M shares 112.4M shares 105.5M shares 97.23M shares 81.90M shares 62.00M shares 51.70M shares 49.30M shares
Diluted Shares Outstanding 125.8M shares 124.9M shares 125.8M shares 124.6M shares 112.4M shares 106.4M shares 97.65M shares 109.7M shares 107.6M shares 51.87M shares 97.58M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $1.501 Billion

About Ladder Capital Corp

Ladder Capital Corp. is a holding company, which engages in the provision of commercial real estate finance services. The company is headquartered in New York City, New York and currently employs 59 full-time employees. The company went IPO on 2014-02-06. The firm's segments include loans, securities, and real estate. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment is composed of all of the Company’s activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS), United States Agency Securities, corporate bonds and equity securities. The real estate segment includes net leased properties, office buildings, student housing portfolios, hotels, industrial buildings, a shopping center and condominium units. Corporate/other includes the Company’s investments in joint ventures, other asset management activities and operating expenses. The company invests primarily in senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures.

Industry: Real Estate Investment Trusts Peers: ANNALY CAPITAL MANAGEMENT INC Apollo Commercial Real Estate Finance, Inc. ARBOR REALTY TRUST INC Franklin BSP Realty Trust, Inc. CHIMERA INVESTMENT CORP Claros Mortgage Trust, Inc. KKR Real Estate Finance Trust Inc. PennyMac Mortgage Investment Trust Ready Capital Corp TWO HARBORS INVESTMENT CORP.