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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $133.4M, roughly 1.4× ARBOR REALTY TRUST INC). On growth, MARTIN MIDSTREAM PARTNERS L.P. posted the faster year-over-year revenue change (-2.5% vs -12.1%). Over the past eight quarters, MARTIN MIDSTREAM PARTNERS L.P.'s revenue compounded faster (0.8% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

ABR vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.4× larger
MMLP
$187.7M
$133.4M
ABR
Growing faster (revenue YoY)
MMLP
MMLP
+9.5% gap
MMLP
-2.5%
-12.1%
ABR
Faster 2-yr revenue CAGR
MMLP
MMLP
Annualised
MMLP
0.8%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ABR
ABR
MMLP
MMLP
Revenue
$133.4M
$187.7M
Net Profit
$3.2M
Gross Margin
Operating Margin
4.1%
Net Margin
1.7%
Revenue YoY
-12.1%
-2.5%
Net Profit YoY
-37.1%
EPS (diluted)
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$133.4M
$174.2M
Q3 25
$112.4M
$168.7M
Q2 25
$130.4M
$180.7M
Q1 25
$134.2M
$192.5M
Q4 24
$151.7M
$171.3M
Q3 24
$156.7M
$170.9M
Q2 24
$153.1M
$184.5M
Net Profit
ABR
ABR
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$52.0M
$-8.4M
Q2 25
$36.3M
$-2.4M
Q1 25
$43.4M
$-1.0M
Q4 24
$-8.9M
Q3 24
$73.5M
$-3.3M
Q2 24
$61.8M
$3.8M
Gross Margin
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
ABR
ABR
MMLP
MMLP
Q1 26
4.1%
Q4 25
7.3%
Q3 25
4.1%
Q2 25
8.2%
Q1 25
7.5%
Q4 24
4.0%
Q3 24
7.4%
Q2 24
10.8%
Net Margin
ABR
ABR
MMLP
MMLP
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
46.3%
-5.0%
Q2 25
27.8%
-1.3%
Q1 25
32.3%
-0.5%
Q4 24
-5.2%
Q3 24
46.9%
-1.9%
Q2 24
40.4%
2.0%
EPS (diluted)
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
$0.08
Q3 25
$0.20
Q2 25
$0.12
Q1 25
$0.16
Q4 24
$0.31
Q3 24
$0.31
Q2 24
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$482.9M
Total DebtLower is stronger
$11.1B
Stockholders' EquityBook value
$3.0B
Total Assets
$14.5B
$537.1M
Debt / EquityLower = less leverage
3.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
$482.9M
Q3 25
$423.4M
Q2 25
$255.7M
Q1 25
$308.8M
Q4 24
$503.8M
Q3 24
$687.5M
Q2 24
$737.5M
Total Debt
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
$11.1B
$428.0M
Q3 25
$10.4B
$441.3M
Q2 25
$10.1B
$427.8M
Q1 25
$9.9B
$451.4M
Q4 24
$10.0B
$437.6M
Q3 24
$10.3B
$469.3M
Q2 24
$10.6B
$439.4M
Stockholders' Equity
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
$3.0B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$3.1B
Total Assets
ABR
ABR
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$14.5B
$522.4M
Q3 25
$13.9B
$510.1M
Q2 25
$13.6B
$515.6M
Q1 25
$13.4B
$533.4M
Q4 24
$13.5B
$538.5M
Q3 24
$13.9B
$554.8M
Q2 24
$14.2B
$535.1M
Debt / Equity
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
3.75×
Q3 25
3.47×
Q2 25
3.40×
Q1 25
3.29×
Q4 24
3.29×
Q3 24
3.40×
Q2 24
3.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
MMLP
MMLP
Operating Cash FlowLast quarter
$372.4M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
$372.4M
$22.4M
Q3 25
$178.7M
$-1.2M
Q2 25
$60.0M
$30.9M
Q1 25
$150.5M
$-6.0M
Q4 24
$461.5M
$42.2M
Q3 24
$85.0M
$-15.8M
Q2 24
$69.9M
$11.8M
Free Cash Flow
ABR
ABR
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
ABR
ABR
MMLP
MMLP
Q1 26
-3.2%
Q4 25
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
ABR
ABR
MMLP
MMLP
Q1 26
1.6%
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
ABR
ABR
MMLP
MMLP
Q1 26
Q4 25
Q3 25
3.44×
Q2 25
1.65×
Q1 25
3.47×
Q4 24
Q3 24
1.16×
Q2 24
1.13×
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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