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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and Tarsus Pharmaceuticals, Inc. (TARS). Click either name above to swap in a different company.

Tarsus Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($151.7M vs $133.4M, roughly 1.1× ARBOR REALTY TRUST INC). On growth, Tarsus Pharmaceuticals, Inc. posted the faster year-over-year revenue change (128.4% vs -12.1%). Over the past eight quarters, Tarsus Pharmaceuticals, Inc.'s revenue compounded faster (134.4% 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.

Tarsus Pharmaceuticals, Inc. is a late-stage clinical biopharmaceutical company focused on developing and commercializing innovative therapeutic candidates for unmet medical needs in ophthalmology, dermatology, and other specialty care areas. It operates primarily in the United States, with lead product candidates targeting common, underdiagnosed conditions including demodex blepharitis and rosacea.

ABR vs TARS — Head-to-Head

Bigger by revenue
TARS
TARS
1.1× larger
TARS
$151.7M
$133.4M
ABR
Growing faster (revenue YoY)
TARS
TARS
+140.5% gap
TARS
128.4%
-12.1%
ABR
Faster 2-yr revenue CAGR
TARS
TARS
Annualised
TARS
134.4%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABR
ABR
TARS
TARS
Revenue
$133.4M
$151.7M
Net Profit
$-8.4M
Gross Margin
Operating Margin
-5.3%
Net Margin
-5.5%
Revenue YoY
-12.1%
128.4%
Net Profit YoY
63.8%
EPS (diluted)
$0.08
$-0.17

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
TARS
TARS
Q4 25
$133.4M
$151.7M
Q3 25
$112.4M
$118.7M
Q2 25
$130.4M
$102.7M
Q1 25
$134.2M
$78.3M
Q4 24
$151.7M
$66.4M
Q3 24
$156.7M
$48.1M
Q2 24
$153.1M
$40.8M
Q1 24
$160.7M
$27.6M
Net Profit
ABR
ABR
TARS
TARS
Q4 25
$-8.4M
Q3 25
$52.0M
$-12.6M
Q2 25
$36.3M
$-20.3M
Q1 25
$43.4M
$-25.1M
Q4 24
$-23.1M
Q3 24
$73.5M
$-23.4M
Q2 24
$61.8M
$-33.3M
Q1 24
$73.2M
$-35.7M
Operating Margin
ABR
ABR
TARS
TARS
Q4 25
-5.3%
Q3 25
-12.2%
Q2 25
-21.6%
Q1 25
-33.5%
Q4 24
-36.8%
Q3 24
-52.3%
Q2 24
-81.6%
Q1 24
46.9%
-136.5%
Net Margin
ABR
ABR
TARS
TARS
Q4 25
-5.5%
Q3 25
46.3%
-10.6%
Q2 25
27.8%
-19.8%
Q1 25
32.3%
-32.1%
Q4 24
-34.8%
Q3 24
46.9%
-48.7%
Q2 24
40.4%
-81.6%
Q1 24
45.6%
-129.4%
EPS (diluted)
ABR
ABR
TARS
TARS
Q4 25
$0.08
$-0.17
Q3 25
$0.20
$-0.30
Q2 25
$0.12
$-0.48
Q1 25
$0.16
$-0.64
Q4 24
$0.31
$-0.57
Q3 24
$0.31
$-0.61
Q2 24
$0.25
$-0.88
Q1 24
$0.31
$-1.01

Balance Sheet & Financial Strength

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

Metric
ABR
ABR
TARS
TARS
Cash + ST InvestmentsLiquidity on hand
$482.9M
$417.3M
Total DebtLower is stronger
$11.1B
$72.4M
Stockholders' EquityBook value
$3.0B
$343.4M
Total Assets
$14.5B
$562.2M
Debt / EquityLower = less leverage
3.75×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
TARS
TARS
Q4 25
$482.9M
$417.3M
Q3 25
$423.4M
$401.8M
Q2 25
$255.7M
$381.1M
Q1 25
$308.8M
$407.9M
Q4 24
$503.8M
$291.4M
Q3 24
$687.5M
$317.0M
Q2 24
$737.5M
$323.6M
Q1 24
$908.0M
$298.5M
Total Debt
ABR
ABR
TARS
TARS
Q4 25
$11.1B
$72.4M
Q3 25
$10.4B
$72.3M
Q2 25
$10.1B
$72.1M
Q1 25
$9.9B
$72.0M
Q4 24
$10.0B
$71.8M
Q3 24
$10.3B
$71.7M
Q2 24
$10.6B
$71.6M
Q1 24
$11.4B
$29.9M
Stockholders' Equity
ABR
ABR
TARS
TARS
Q4 25
$3.0B
$343.4M
Q3 25
$3.0B
$335.1M
Q2 25
$3.0B
$332.6M
Q1 25
$3.0B
$342.5M
Q4 24
$3.0B
$224.5M
Q3 24
$3.0B
$237.5M
Q2 24
$3.1B
$252.2M
Q1 24
$3.1B
$275.2M
Total Assets
ABR
ABR
TARS
TARS
Q4 25
$14.5B
$562.2M
Q3 25
$13.9B
$534.6M
Q2 25
$13.6B
$495.0M
Q1 25
$13.4B
$500.8M
Q4 24
$13.5B
$377.0M
Q3 24
$13.9B
$376.3M
Q2 24
$14.2B
$376.8M
Q1 24
$15.1B
$349.3M
Debt / Equity
ABR
ABR
TARS
TARS
Q4 25
3.75×
0.21×
Q3 25
3.47×
0.22×
Q2 25
3.40×
0.22×
Q1 25
3.29×
0.21×
Q4 24
3.29×
0.32×
Q3 24
3.40×
0.30×
Q2 24
3.47×
0.28×
Q1 24
3.68×
0.11×

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
TARS
TARS
Operating Cash FlowLast quarter
$372.4M
$19.3M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
8.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
TARS
TARS
Q4 25
$372.4M
$19.3M
Q3 25
$178.7M
$18.3M
Q2 25
$60.0M
$-29.4M
Q1 25
$150.5M
$-20.7M
Q4 24
$461.5M
$-22.2M
Q3 24
$85.0M
$-8.7M
Q2 24
$69.9M
$-14.4M
Q1 24
$260.0M
$-37.8M
Free Cash Flow
ABR
ABR
TARS
TARS
Q4 25
$13.0M
Q3 25
$16.3M
Q2 25
$-30.4M
Q1 25
$-21.2M
Q4 24
$-22.3M
Q3 24
$-8.9M
Q2 24
$-15.4M
Q1 24
$-38.0M
FCF Margin
ABR
ABR
TARS
TARS
Q4 25
8.6%
Q3 25
13.8%
Q2 25
-29.6%
Q1 25
-27.1%
Q4 24
-33.5%
Q3 24
-18.6%
Q2 24
-37.8%
Q1 24
-137.5%
Capex Intensity
ABR
ABR
TARS
TARS
Q4 25
4.2%
Q3 25
1.6%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
2.5%
Q1 24
0.6%
Cash Conversion
ABR
ABR
TARS
TARS
Q4 25
Q3 25
3.44×
Q2 25
1.65×
Q1 25
3.47×
Q4 24
Q3 24
1.16×
Q2 24
1.13×
Q1 24
3.55×

Financial Flow Comparison

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

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