Ready Capital's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ready Capital (RC) 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: Ready Capital vs Its Competitors
- Scale: Ready Capital ranks #148 of 188 companies by market capitalization in the Real Estate Investment Trusts industry, holding 0.0% of industry market cap.
- Peer differentiation: Revenue per employee of $-0.35M compares with $0.39M for the peer group (-0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
API endpoints for this dataset
Ready Capital's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ready Capital Corporation | - | - | - | No |
| Competitors combined (4) | ||||
| Similar-Size Competitors (10) |
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.
RC Stock Performance relative to its Competitors
RC Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | First Advantage Corporation | 282.9% | Outperformed |
| 2 | Terra Property Trust Inc | 282.9% | Outperformed |
| 3 | Starwood Property Trust inc | 282.9% | Outperformed |
| 4 | Acres Commercial Realty Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ready Capital's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Ready Capital Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Ready Capital Corporation |
151.34 | -140.38 |
 Starwood Property Trust inc |
4,470.45 | 2,007.95 |
 First Advantage Corporation |
4,173.61 | 1,719.76 |
 Terra Property Trust Inc |
601.93 | 22.17 |
 Acres Commercial Realty Corp |
80.13 | 79.88 |
| SUBTOTAL | 9,477.45 | 3,689.38 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ready Capital Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ready Capital's Competitors Named by the Company
Competitive relationships identified from Ready Capital reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Terra Property Trust Inc | Company report | 85% |
| Starwood Property Trust inc | Company report | 85% |
| Acres Commercial Realty Corp | Company report | 85% |
Company report basis, confidence, active dates and source counts for Ready Capital's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Ready 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 % |
| First Advantage Corporation | Total Revenues 44.84 % |
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).
Ready 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 |
|---|---|---|---|
| Ready Capital Corporation | 151 | -350,938 | -925,460 |
| Starwood Property Trust inc | 4,470 | 6,197,377 | 817,046 |
| First Advantage Corporation | 4,174 | 181,027 | 4,531 |
| Terra Property Trust Inc | 602 | - | - |
| Acres Commercial Realty Corp | 80 | - | - |
| PEERS TOTAL | 9,326 | 389,836 | 30,364 |
Ready Capital's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| First Advantage Corporation | US 85.52 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ready Capital's Position in Industry Market Structure
Market-capitalization share and concentration across all 181 companies in Ready Capital's industry classification, broader than the peer set above. Market cap in millions of $.Ready Capital ranks #148 of 181 companies by market capitalization in its industry, holding 0.01 % 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 | 180,921 | 11.91 % |
| 2 | Prologis Inc | 123,399 | 8.13 % |
| 3 | Equinix Inc | 103,775 | 6.83 % |
| 4 | American Tower Corporation | 88,609 | 5.84 % |
| 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% |
| 148 | Ready Capital Corporation | 151 | 0.01 % |
Market cap and industry share for the rest of Ready Capital's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-09.
Ready 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 |
|---|---|---|---|
| 143 | Chicago Atlantic Real Estate Finance Inc | 192 | -29.75 % |
| 144 | Rreef Property Trust Inc | 182 | - |
| 145 | Strawberry Fields Reit Inc | 166 | 6.75 % |
| 146 | Orion Properties Inc | 159 | 11.84 % |
| 147 | Granite Point Mortgage Trust Inc | 1,234 | 12.3% |
| 148 | Ready Capital Corporation | 151 | -70.71 % |
| 149 | Seven Hills Realty Trust | 1,234 | 12.3% |
| 150 | Tpg Mortgage Investment Trust Inc | 1,234 | 12.3% |
| 151 | First Real Estate Investment Trust Of New Jersey Inc | 1,234 | 12.3% |
| 152 | Net Lease Office Properties | 1,234 | 12.3% |
| 153 | Braemar Hotels and Resorts Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ready Capital's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-09. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ready 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 | 85.41 % | 41.84 % (avg) | +43.6 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | - | 38.59 % (avg) | - |
| Capital Intensity (Capex / Revenue) | -2.35 % | 28.41 % (avg) | -30.8 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.
Ready 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 | - | 30.1x | - |
| EV / EBITDA | - | 17.5x | - |
| P/B | 0.2x | 1.9x | -1.7x |
| Return on Equity | -23.50 % | industry aggregate | -29.10 % |
| Return on Invested Capital | - | 2.10 % (avg) | - |
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.
Ready 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 | 50.62 % | 22.95 % | 53.90 % | 30.91 % | -0.48 % | 26.32 % | -90.38 % | 69.55 % |
| Operating Margin | 38.87 % | 56.03 % | 44.14 % | 61.21 % | 72.14 % | 73.76 % | - | 28.98 % |
| Return on Invested Capital | 2.22 % | 2.93 % | 2.77 % | 2.94 % | 2.45 % | 2.91 % | -0.86 % | 0.55 % |
| P/E | 7.5x | 8.4x | 16.3x | 7.2x | 7.2x | 4.3x | - | - |
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.
Ready Capital's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Ready Capital falls in the Dog quadrant: relative market share of 0.00x 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.
Ready 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 -2.35 % vs industry average 28.41 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Ready Capital's dedicated Suppliers and Customers pages, not here.
Ready Capital's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Ready 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.
Ready 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
No rule matched.
Weaknesses
- Return on equity 29.1 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Ready 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 |
|---|---|---|---|
| Ready Capital Corporation | 1.24 | 9.15 | 1.86 |
| Starwood Property Trust inc | 0.05 | 2.74 | 4.27 |
| First Advantage Corporation | 1.03 | 2.51 | 1.56 |
| Terra Property Trust Inc | 3.41 | 4.15 | 0.80 |
| Acres Commercial Realty Corp | 3.68 | 132.25 | 3.91 |
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.
Ready 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 |
|---|---|---|---|
| Ready Capital Corporation | Q2 2026 | - | - |
| Starwood Property Trust inc | Q2 2026 | +15.6 % | -88.9 % |
| First Advantage Corporation | Q3 2026 | +13.8 % | +690.2 % |
| Terra Property Trust Inc | Q2 2026 | -46.8 % | - |
| Acres Commercial Realty Corp | Q2 2026 | -4.1 % | - |
| PEERS TOTAL | -6.2 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ready 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 |
|---|---|---|---|
| Ready Capital Corporation | Q2 2026 | -61.7 % | +125.7 % |
| Starwood Property Trust inc | Q2 2026 | +81.3 % | - |
| First Advantage Corporation | Q3 2026 | - | +71.3 % |
| Terra Property Trust Inc | Q2 2026 | +253.6 % | - |
| Acres Commercial Realty Corp | Q2 2026 | - | - |
Ready Capital's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ready Capital Corporation | - | - | - |
| Starwood Property Trust inc | 0.43% | 0.39% | 3.76% |
| First Advantage Corporation | 1.14% | 1.15% | 3.29% |
| Terra Property Trust Inc | - | - | - |
| Acres Commercial Realty Corp | 1.23% | 0.97% | 5.15% |
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).
Ready Capital's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ready Capital Corporation | - | - |
| Starwood Property Trust inc | 21.77 | 2.23 |
| First Advantage Corporation | 96.21 | 2.43 |
| Terra Property Trust Inc | - | 27.15 |
| Acres Commercial Realty Corp | - | 1.00 |
| PEERS AVERAGE | - | 2.57 |
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.