LADR
Ladder Capital Corp Class A
NYSE: LADR · REAL ESTATE · REIT - MORTGAGE
$10.25
-2.19% today
Updated 2026-04-29
Market cap
$1.31B
P/E ratio
23.30
P/S ratio
6.05x
EPS (TTM)
$0.44
Dividend yield
8.78%
52W range
$9 – $11
Volume
0.9M
Ladder Capital Corp Class A (LADR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $166.01M | $143.71M | $289.62M | $362.74M | $391.47M | $434.81M | $394.30M | $456.66M | $600.64M | $501.87M | $358.10M | $358.21M | $543.71M | $525.09M | $511.22M | $392.30M |
| Revenue growth (YoY) | — | -13.4% | +101.5% | +25.2% | +7.9% | +11.1% | -9.3% | +15.8% | +31.5% | -16.4% | -28.6% | +0.0% | +51.8% | -3.4% | -2.6% | -23.3% |
| Cost of revenue | $816978.00 | $2.09M | $7.28M | $67.01M | $93.89M | $118.03M | $112.33M | $117.30M | $115.29M | $109.15M | $118.45M | $111.35M | $114.71M | $109.86M | $116.34M | $110.77M |
| Gross profit | $165.19M | $141.62M | $282.34M | $295.73M | $297.58M | $316.78M | $281.97M | $339.36M | $485.35M | $392.72M | $239.65M | $246.87M | $429.00M | $415.23M | $394.88M | $281.54M |
| Gross margin | 99.5% | 98.5% | 97.5% | 81.5% | 76.0% | 72.9% | 71.5% | 74.3% | 80.8% | 78.3% | 66.9% | 68.9% | 78.9% | 79.1% | 77.2% | 71.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $19.53M | $26.45M | $51.09M | $61.04M | $82.14M | $61.61M | $64.27M | $70.46M | $60.12M | $67.77M | $58.10M | $38.35M | $75.84M | $63.62M | $60.67M | $52.73M |
| Operating income | $140.52M | $108.73M | $207.22M | $238.00M | $126.33M | $161.92M | $118.93M | $138.88M | $429.51M | $138.63M | $184.16M | $239.19M | $363.72M | $338.37M | $332.32M | $243.37M |
| Operating margin | 84.6% | 75.7% | 71.6% | 65.6% | 32.3% | 37.2% | 30.2% | 30.4% | 71.5% | 27.6% | 51.4% | 66.8% | 66.9% | 64.4% | 65.0% | 62.0% |
| EBITDA | $140.93M | $110.12M | $212.12M | $262.72M | $230.90M | $312.81M | $280.21M | $319.25M | $462.83M | $383.87M | $249.54M | $280.46M | $400.25M | $381.55M | $366.46M | $275.39M |
| EBITDA margin | 84.9% | 76.6% | 73.2% | 72.4% | 59.0% | 71.9% | 71.1% | 69.9% | 77.1% | 76.5% | 69.7% | 78.3% | 73.6% | 72.7% | 71.7% | 70.2% |
| EBIT | $140.52M | $109.08M | $208.48M | $241.21M | $201.81M | $273.99M | $240.87M | $279.71M | $422.61M | $344.00M | $208.23M | $240.77M | $365.82M | $349.84M | $332.43M | $242.10M |
| Interest expense | $48.87M | $35.84M | $36.44M | $48.74M | $77.57M | $113.30M | $120.83M | $146.12M | $194.29M | $204.35M | $227.47M | $182.95M | $195.60M | $245.10M | $221.54M | $174.92M |
| Income tax | $599780.00 | $1.51M | $2.58M | $3.73M | $26.61M | $14.56M | $6.32M | $7.71M | $6.64M | $2.65M | $-9.79M | $928000.00 | $4.91M | $4.24M | $3.45M | $3.49M |
| Effective tax rate | 0.7% | 2.1% | 1.5% | 1.9% | 45.7% | 16.5% | 8.7% | 7.5% | 3.6% | 2.1% | 40.4% | 1.6% | 3.3% | 4.0% | 3.1% | 5.2% |
| Net income | $91.04M | $71.72M | $169.50M | $189.83M | $31.56M | $73.82M | $66.73M | $95.28M | $180.01M | $122.64M | $-14.45M | $56.52M | $142.22M | $101.13M | $108.25M | $64.18M |
| Net income growth (YoY) | — | -21.2% | +136.4% | +12.0% | -83.4% | +133.9% | -9.6% | +42.8% | +88.9% | -31.9% | -111.8% | +491.3% | +151.6% | -28.9% | +7.1% | -40.7% |
| Profit margin | 54.8% | 49.9% | 58.5% | 52.3% | 8.1% | 17.0% | 16.9% | 20.9% | 30.0% | 24.4% | -4.0% | 15.8% | 26.2% | 19.3% | 21.2% | 16.4% |