Ladder Capital's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ladder Capital (LADR) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ladder Capital vs Its Competitors
- TTM: Trailing 12-month revenue of 373M vs 3,154M combined for its competitors (10.6% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+27.5% annualized vs trailing 12 months), vs decelerating (-110.9%) for its tracked peer group.
- Scale: Ladder Capital ranks #97 of 187 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.1% of industry market cap.
- Peer revenue share: Ladder Capital accounted for 364.5% of combined revenue among its tracked peer group, up from 9.3% a year earlier.
- Peer differentiation: Revenue per employee of $6.22M compares with $1.12M for the peer group (5.5x).
- Structure: Ladder Capital reports the following subsidiaries: Ladder Capital Finance Holdings LLLP.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
LADR Sales vs. its Competitors, Q3 2026
Ladder Capital generated 364.48 % of the combined sales of its peer group, up from 9.33 % a year earlier.
API endpoints for this dataset
Ladder Capital vs. its Competitors, Q3 2026
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Ladder Capital reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ladder Capital and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ladder Capital Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ladder Capital's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -1.0% year over year, combined, vs 20.9% for Ladder Capital. Ladder Capital's share of combined industry revenue moved from 0.13% to 0.16%, a gain of 0.03 percentage points.
Ladder Capital's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ladder Capital Corp | Yes | No | No | No |
| Competitors combined (13) | ||||
| High-Confidence Competitors (1) | - | - | - | |
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 8) | 0.00 % (0 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
LADR Stock Performance relative to its Competitors
LADR Stock Performance relative to High-Confidence Competitors
LADR Stock Performance relative to Similar-Size Competitors
LADR Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Granite Point Mortgage Trust Inc | 282.9% | Outperformed |
| 2 | Financial Institutions Inc | 282.9% | Outperformed |
| 3 | Nexpoint Real Estate Finance Inc | 282.9% | Outperformed |
| 4 | Advanced Flower Capital Inc | 282.9% | Outperformed |
| 5 | Adamas Trust Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ladder Capital's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ladder Capital's Comment on Competition and Industry Peers
Publicly Traded Peers of Ladder Capital Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Ladder Capital Corp |
1,112.73 | 373.00 |
 Starwood Property Trust inc |
4,419.11 | 2,007.95 |
 Blackstone Mortgage Trust Inc |
1,874.43 | 2,297.66 |
 Ellington Financial Inc |
1,432.94 | 14.84 |
 Financial Institutions Inc |
792.26 | 243.46 |
 Nexpoint Real Estate Finance Inc |
723.31 | 153.44 |
| SUBTOTAL | 12,969.32 | 6,600.75 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ladder Capital Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ladder Capital's Competitors Named by the Company
Competitive relationships identified from Ladder Capital reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Pennymac Mortgage Investment Trust | Company report | 85% |
| Financial Institutions Inc | Company report | 85% |
| Kkr Real Estate Finance Trust Inc | Company report | 85% |
| Starwood Property Trust inc | Company report | 85% |
| Tpg Re Finance Trust Inc | Company report | 85% |
| Advanced Flower Capital Inc | Company report | 85% |
| Invesco Mortgage Capital Inc | Company report | 85% |
| Nexpoint Real Estate Finance Inc | Company report | 85% |
| Blackstone Mortgage Trust Inc | Company report | 85% |
| Ares Commercial Real Estate Corporation | Company report | 85% |
| Granite Point Mortgage Trust Inc | Company report | 85% |
| Ellington Financial Inc | Company report | 85% |
| Apollo Commercial Real Estate Finance Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Ladder Capital's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Ladder Capital's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Starwood Property Trust inc | Commercial and Residential Lending 69.16 % |
| Ares Commercial Real Estate Corporation | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Ladder Capital's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ladder Capital Corp | 1,113 | 6,216,683 | 1,648,533 |
| Starwood Property Trust inc | 4,419 | 6,197,377 | 817,046 |
| Blackstone Mortgage Trust Inc | 1,874 | 28,366,185 | -4,629,432 |
| Ellington Financial Inc | 1,433 | - | - |
| Financial Institutions Inc | 792 | 385,837 | 130,945 |
| Nexpoint Real Estate Finance Inc | 723 | - | - |
| PEERS TOTAL | 11,857 | 1,123,737 | 59,103 |
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Ladder Capital's Position in Industry Market Structure
Market-capitalization share and concentration across all 181 companies in Ladder Capital's industry classification, broader than the peer set above. Market cap in millions of $.Ladder Capital ranks #97 of 181 companies by market capitalization in its industry, holding 0.07 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 413, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 180,807 | 12.02 % |
| 2 | Prologis Inc | 121,613 | 8.09 % |
| 3 | Equinix Inc | 100,396 | 6.67 % |
| 4 | American Tower Corporation | 88,026 | 5.85 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Public Storage | 1,234 | 5.2% |
| 8 | Realty Income Corporation | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Crown Castle Inc | 1,234 | 5.2% |
| 97 | Ladder Capital Corp | 1,116 | 0.07 % |
Market cap and industry share for the rest of Ladder Capital's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Ladder Capital's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 92 | Empire State Realty Trust Inc | 1,428 | -27.57 % |
| 93 | Empire State Realty Op L p | 1,397 | -26.48 % |
| 94 | Uniti Group Inc | 1,320 | -16.19 % |
| 95 | Alexanders Inc | 1,300 | 6.60 % |
| 96 | Umh Properties Inc | 1,234 | 12.3% |
| 97 | Ladder Capital Corp | 1,116 | -15.72 % |
| 98 | Jefferson Capital Inc | 1,234 | 12.3% |
| 99 | Medical Properties Trust Inc | 1,234 | 12.3% |
| 100 | Easterly Government Properties Inc | 1,234 | 12.3% |
| 101 | Fermi Inc | 1,234 | 12.3% |
| 102 | Orchid Island Capital Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ladder Capital's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ladder Capital's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (283 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 43.79 % | 42.02 % (avg) | +1.8 pp |
| Operating Margin | 49.66 % | industry median | +11.7 pp |
| EBITDA Margin | 39.30 % | 38.49 % (avg) | +0.8 pp |
| Capital Intensity (Capex / Revenue) | 2.46 % | 28.31 % (avg) | -25.8 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Ladder Capital's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (283 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.2x | 30.7x | -18.5x |
| EV / EBITDA | 22.3x | 17.6x | +4.7x |
| P/B | 0.8x | 1.9x | -1.0x |
| Return on Equity | 6.80 % | industry aggregate | 0.81 % |
| Return on Invested Capital | 2.62 % | 2.23 % (avg) | 0.39 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Ladder Capital's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 39.60 % | -24.76 % | -49.39 % | 17.38 % | 98.66 % | -3.94 % | 61.35 % | -25.25 % |
| Operating Margin | 62.30 % | 50.64 % | -13.79 % | 35.30 % | 52.31 % | 33.51 % | 21.99 % | 17.82 % |
| Return on Invested Capital | 3.31 % | 1.68 % | -0.24 % | 0.82 % | 2.30 % | 1.46 % | 1.66 % | 1.09 % |
| P/E | 8.9x | 13.8x | - | - | 9.5x | 13.1x | 13.4x | 21.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Ladder Capital's Strategic Group Map
Ladder Capital is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Ladder Capital's trailing-12-month revenue growth of -18.4% and operating margin of 49.7% compares with an average of -13.5% growth and 49.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Ladder Capital sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Ladder Capital's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Ladder Capital falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 2.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Ladder Capital's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 413 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.46 % vs industry average 28.31 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Ladder Capital's dedicated Suppliers and Customers pages, not here.
Ladder Capital's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Ladder Capital falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ladder Capital's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 11.7 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+27.5% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
Opportunities
- Trades at a lower P/E than the industry average (12.2x vs 30.7x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of competitors (30.80 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-110.9% annualized).
Methodology: see Methodology: SWOT Analysis.
Ladder Capital's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ladder Capital Corp | 0.61 | 24.30 | 1.44 |
| Starwood Property Trust inc | 0.05 | 2.74 | 4.27 |
| Blackstone Mortgage Trust Inc | 0.03 | 0.04 | 2.85 |
| Ellington Financial Inc | 0.03 | 0.39 | 1.33 |
| Financial Institutions Inc | 0.01 | 1.33 | 0.37 |
| Nexpoint Real Estate Finance Inc | 0.08 | 2.13 | 1.25 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ladder Capital's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ladder Capital Corp | Q3 2026 | +20.9 % | +243.7 % |
| Starwood Property Trust inc | Q2 2026 | +15.6 % | -88.9 % |
| Blackstone Mortgage Trust Inc | Q3 2026 | - | - |
| Ellington Financial Inc | Q2 2026 | - | +13.6 % |
| Financial Institutions Inc | Q2 2026 | +7.0 % | +20.8 % |
| Nexpoint Real Estate Finance Inc | Q2 2026 | - | -22.3 % |
| PEERS TOTAL | -62.7 % | - |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ladder Capital's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ladder Capital Corp | Q3 2026 | - | +335.3 % |
| Starwood Property Trust inc | Q2 2026 | +81.3 % | - |
| Blackstone Mortgage Trust Inc | Q3 2026 | - | - |
| Ellington Financial Inc | Q2 2026 | - | - |
| Financial Institutions Inc | Q2 2026 | +21.3 % | -46.9 % |
| Nexpoint Real Estate Finance Inc | Q2 2026 | - | +201.2 % |
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Ladder Capital's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ladder Capital Corp | 1.77% | 1.76% | 6.80% |
| Starwood Property Trust inc | 0.43% | 0.39% | 3.76% |
| Blackstone Mortgage Trust Inc | - | - | - |
| Ellington Financial Inc | 1.15% | 1.65% | 11.85% |
| Financial Institutions Inc | 1.31% | 3.75% | 13.09% |
| Nexpoint Real Estate Finance Inc | 2.17% | 2.36% | 29.99% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ladder Capital's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ladder Capital Corp | 11.20 | 2.98 |
| Starwood Property Trust inc | 21.52 | 2.20 |
| Blackstone Mortgage Trust Inc | - | 0.82 |
| Ellington Financial Inc | 7.56 | 96.57 |
| Financial Institutions Inc | 9.83 | 3.25 |
| Nexpoint Real Estate Finance Inc | 5.58 | 4.71 |
| PEERS AVERAGE | 30.41 | 1.96 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.