Growth & profitability
- Revenue has declined 7.3% per year over the past 5 years.
Financial health
- Total debt ($3.2B) exceeds cash ($173M); net debt is $3.0B.
- Total debt has grown in line with revenue (-9.8% vs -7.3% per year).
CMTG Financials Claros Mortgage Trust, Inc.
7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $188M | -$489M | 0.0% | 0.0% | — | $3.2B | $173M |
| 2024 | $248M | -$221M | 0.0% | 0.0% | — | $4.9B | $99M |
| 2023 | $307M | $6M | 0.0% | 0.0% | — | $5.7B | $187M |
| 2022 | $287M | $112M | 0.0% | 0.0% | — | $5.7B | $306M |
| 2021 | $263M | $171M | 0.0% | 0.0% | — | $4.8B | $310M |
| 2020 | $274M | $195M | 0.0% | 0.0% | — | — | $428M |
| 2019 | $250M | $163M | 0.0% | 0.0% | — | — | $335M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $30M | -$54M | 0.0% | 0.0% | — | $2.7B | $117M |
| Dec '25 | $47M | — | 0.0% | 0.0% | — | $3.2B | $173M |
| Sep '25 | $46M | -$10M | 0.0% | 0.0% | — | $3.7B | $340M |
| Jun '25 | $52M | -$182M | 0.0% | 0.0% | — | $4.0B | $209M |
| Mar '25 | $43M | -$79M | 0.0% | 0.0% | — | $4.7B | $128M |
| Dec '24 | $60M | — | 0.0% | 0.0% | — | $4.9B | $99M |
| Sep '24 | $65M | -$56M | 0.0% | 0.0% | — | $5.1B | $114M |
| Jun '24 | $64M | -$12M | 0.0% | 0.0% | — | $5.3B | $148M |
| Mar '24 | $59M | -$53M | 0.0% | 0.0% | — | $5.5B | $233M |
| Dec '23 | $76M | — | 0.0% | 0.0% | — | $5.7B | $187M |
| Sep '23 | $81M | -$69M | 0.0% | 0.0% | — | $5.7B | $307M |
| Jun '23 | $81M | $4M | 0.0% | 0.0% | — | $5.9B | $253M |
| Mar '23 | $69M | $37M | 0.0% | 0.0% | — | $5.9B | $427M |
| Dec '22 | $84M | — | 0.0% | 0.0% | — | $5.7B | $306M |
| Sep '22 | $76M | $42M | 0.0% | 0.0% | — | $5.4B | $226M |
| Jun '22 | $69M | $63M | 0.0% | 0.0% | — | $5.3B | $461M |
| Mar '22 | $58M | $29M | 0.0% | 0.0% | — | $5.4B | $444M |
| Dec '21 | $71M | — | 0.0% | 0.0% | — | $4.8B | $310M |
| Sep '21 | $67M | $50M | 0.0% | 0.0% | — | $4.7B | $236M |
| Jun '21 | $64M | $40M | 0.0% | 0.0% | — | — | $477M |
Valuation over time
How the market has priced CMTG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 14.6× (Mar '23) to 158.2× (Nov '24).
- The price-to-sales ratio has fallen from 5.7× (Mar '23) to 1.8× (Jun '26).
- The dividend yield has risen from 12.7% (Mar '23) to 25.9% (Nov '25).
P/E
P/S
Dividend yield %
Frequently asked questions
Is CMTG growing its revenue and profit?
Over the past 5 years, Claros Mortgage Trust, Inc.'s revenue has declined 7.3% per year. These are computed facts, not advice.
How much debt does CMTG have?
As of FY2025, Claros Mortgage Trust, Inc. reported $3.2B of total debt against $173M of cash.
What is CMTG's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin -260.4%.
What is CMTG's P/E ratio?
As of Jun '26, Claros Mortgage Trust, Inc. traded at a price-to-earnings ratio of about 158.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.