REIT - Diversified
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BRSP vs TPVG
Revenue, margins, valuation, and 5-year total return — side by side.
Asset Management
BRSP vs TPVG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Diversified | Asset Management |
| Market Cap | $769M | $222M |
| Revenue (TTM) | $334M | $97M |
| Net Income (TTM) | $-32M | $49M |
| Gross Margin | 41.8% | 83.5% |
| Operating Margin | 13.1% | 77.9% |
| Forward P/E | 9.3x | 5.9x |
| Total Debt | $2.49B | $469M |
| Cash & Equiv. | $67M | $20M |
BRSP vs TPVG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BrightSpire Capital… (BRSP) | 100 | 119.2 | +19.2% |
| TriplePoint Venture… (TPVG) | 100 | 54.7 | -45.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BRSP vs TPVG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BRSP is the clearest fit if your priority is income & stability.
- Dividend streak 0 yrs, beta 0.84, yield 11.1%
- 11.1% yield; the other pay no meaningful dividend
- +23.9% vs TPVG's +9.4%
TPVG carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 36.6%, EPS growth 48.8%
- 87.5% 10Y total return vs BRSP's -35.6%
- Lower volatility, beta 0.83
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 36.6% NII/revenue growth vs BRSP's -4.5% | |
| Value | Lower P/E (5.9x vs 9.3x) | |
| Quality / Margins | 50.6% margin vs BRSP's -9.5% | |
| Stability / Safety | Beta 0.83 vs BRSP's 0.84, lower leverage | |
| Dividends | 11.1% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +23.9% vs TPVG's +9.4% | |
| Efficiency (ROA) | 6.2% ROA vs BRSP's -0.9%, ROIC 7.2% vs 3.0% |
BRSP vs TPVG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
BRSP vs TPVG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TPVG leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
BRSP is the larger business by revenue, generating $334M annually — 3.4x TPVG's $97M. TPVG is the more profitable business, keeping 50.6% of every revenue dollar as net income compared to BRSP's -9.5%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $334M | $97M |
| EBITDAEarnings before interest/tax | $78M | $76M |
| Net IncomeAfter-tax profit | -$32M | $49M |
| Free Cash FlowCash after capex | $73M | $37M |
| Gross MarginGross profit ÷ Revenue | +41.8% | +83.5% |
| Operating MarginEBIT ÷ Revenue | +13.1% | +77.9% |
| Net MarginNet income ÷ Revenue | -9.5% | +50.6% |
| FCF MarginFCF ÷ Revenue | +22.0% | -58.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.8% | — |
| EPS Growth (YoY)Latest quarter vs prior year | -20.0% | +2.1% |
Valuation Metrics
TPVG leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, TPVG's 8.9x EV/EBITDA is more attractive than BRSP's 19.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $769M | $222M |
| Enterprise ValueMkt cap + debt − cash | $3.2B | $671M |
| Trailing P/EPrice ÷ TTM EPS | -22.69x | 4.49x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.29x | 5.94x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.43x |
| EV / EBITDAEnterprise value multiple | 18.98x | 8.86x |
| Price / SalesMarket cap ÷ Revenue | 2.32x | 2.28x |
| Price / BookPrice ÷ Book value/share | 0.81x | 0.62x |
| Price / FCFMarket cap ÷ FCF | 10.53x | — |
Profitability & Efficiency
TPVG leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
TPVG delivers a 14.0% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-3 for BRSP. TPVG carries lower financial leverage with a 1.33x debt-to-equity ratio, signaling a more conservative balance sheet compared to BRSP's 2.68x. On the Piotroski fundamental quality scale (0–9), BRSP scores 6/9 vs TPVG's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -3.3% | +14.0% |
| ROA (TTM)Return on assets | -0.9% | +6.2% |
| ROICReturn on invested capital | +3.0% | +7.2% |
| ROCEReturn on capital employed | +3.7% | +9.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 2.68x | 1.33x |
| Net DebtTotal debt minus cash | $2.4B | $449M |
| Cash & Equiv.Liquid assets | $67M | $20M |
| Total DebtShort + long-term debt | $2.5B | $469M |
| Interest CoverageEBIT ÷ Interest expense | 0.59x | 2.86x |
Total Returns (Dividends Reinvested)
BRSP leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BRSP five years ago would be worth $11,074 today (with dividends reinvested), compared to $7,700 for TPVG. Over the past 12 months, BRSP leads with a +23.9% total return vs TPVG's +9.4%. The 3-year compound annual growth rate (CAGR) favors BRSP at 14.4% vs TPVG's -1.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +5.9% | -14.0% |
| 1-Year ReturnPast 12 months | +23.9% | +9.4% |
| 3-Year ReturnCumulative with dividends | +49.6% | -4.6% |
| 5-Year ReturnCumulative with dividends | +10.7% | -23.0% |
| 10-Year ReturnCumulative with dividends | -35.6% | +87.5% |
| CAGR (3Y)Annualised 3-year return | +14.4% | -1.5% |
Risk & Volatility
Evenly matched — BRSP and TPVG each lead in 1 of 2 comparable metrics.
Risk & Volatility
TPVG is the less volatile stock with a 0.83 beta — it tends to amplify market swings less than BRSP's 0.84 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BRSP currently trades 95.7% from its 52-week high vs TPVG's 72.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.84x | 0.83x |
| 52-Week HighHighest price in past year | $6.17 | $7.53 |
| 52-Week LowLowest price in past year | $4.84 | $4.48 |
| % of 52W HighCurrent price vs 52-week peak | +95.7% | +72.8% |
| RSI (14)Momentum oscillator 0–100 | 47.8 | 60.7 |
| Avg Volume (50D)Average daily shares traded | 877K | 491K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates BRSP as "Buy" and TPVG as "Hold". Consensus price targets imply 63.3% upside for TPVG (target: $9) vs 1.7% for BRSP (target: $6). BRSP is the only dividend payer here at 11.09% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $6.00 | $8.95 |
| # AnalystsCovering analysts | 8 | 12 |
| Dividend YieldAnnual dividend ÷ price | +11.1% | — |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.65 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +1.9% | 0.0% |
TPVG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). BRSP leads in 1 (Total Returns). 1 tied.
BRSP vs TPVG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BRSP or TPVG a better buy right now?
For growth investors, TriplePoint Venture Growth BDC Corp.
(TPVG) is the stronger pick with 36. 6% revenue growth year-over-year, versus -4. 5% for BrightSpire Capital, Inc. (BRSP). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 5x trailing P/E (5. 9x forward), making it the more compelling value choice. Analysts rate BrightSpire Capital, Inc. (BRSP) a "Buy" — based on 8 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BRSP or TPVG?
On forward P/E, TriplePoint Venture Growth BDC Corp.
is actually cheaper at 5. 9x.
03Which is the better long-term investment — BRSP or TPVG?
Over the past 5 years, BrightSpire Capital, Inc.
(BRSP) delivered a total return of +10. 7%, compared to -23. 0% for TriplePoint Venture Growth BDC Corp. (TPVG). Over 10 years, the gap is even starker: TPVG returned +87. 5% versus BRSP's -35. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BRSP or TPVG?
By beta (market sensitivity over 5 years), TriplePoint Venture Growth BDC Corp.
(TPVG) is the lower-risk stock at 0. 83β versus BrightSpire Capital, Inc. 's 0. 84β — meaning BRSP is approximately 1% more volatile than TPVG relative to the S&P 500. On balance sheet safety, TriplePoint Venture Growth BDC Corp. (TPVG) carries a lower debt/equity ratio of 133% versus 3% for BrightSpire Capital, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — BRSP or TPVG?
By revenue growth (latest reported year), TriplePoint Venture Growth BDC Corp.
(TPVG) is pulling ahead at 36. 6% versus -4. 5% for BrightSpire Capital, Inc. (BRSP). On earnings-per-share growth, the picture is similar: BrightSpire Capital, Inc. grew EPS 75. 2% year-over-year, compared to 48. 8% for TriplePoint Venture Growth BDC Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BRSP or TPVG?
TriplePoint Venture Growth BDC Corp.
(TPVG) is the more profitable company, earning 50. 6% net margin versus -9. 4% for BrightSpire Capital, Inc. — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 39. 5% for BRSP. At the gross margin level — before operating expenses — TPVG leads at 83. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BRSP or TPVG more undervalued right now?
On forward earnings alone, TriplePoint Venture Growth BDC Corp.
(TPVG) trades at 5. 9x forward P/E versus 9. 3x for BrightSpire Capital, Inc. — 3. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPVG: 63. 3% to $8. 95.
08Which pays a better dividend — BRSP or TPVG?
In this comparison, BRSP (11.
1% yield) pays a dividend. TPVG does not pay a meaningful dividend and should not be held primarily for income.
09Is BRSP or TPVG better for a retirement portfolio?
For long-horizon retirement investors, BrightSpire Capital, Inc.
(BRSP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 84), 11. 1% yield). Both have compounded well over 10 years (BRSP: -35. 6%, TPVG: +87. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BRSP and TPVG?
These companies operate in different sectors (BRSP (Real Estate) and TPVG (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: BRSP is a small-cap income-oriented stock; TPVG is a small-cap high-growth stock. BRSP pays a dividend while TPVG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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