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Side-by-side financial comparison of AURORA CANNABIS INC (ACB) and Apollo Commercial Real Estate Finance, Inc. (ARI). Click either name above to swap in a different company.

AURORA CANNABIS INC is the larger business by last-quarter revenue ($81.6M vs $73.3M, roughly 1.1× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -756.4%, a 796.2% gap on every dollar of revenue.

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. ...

Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.

ACB vs ARI — Head-to-Head

Bigger by revenue
ACB
ACB
1.1× larger
ACB
$81.6M
$73.3M
ARI
Higher net margin
ARI
ARI
796.2% more per $
ARI
39.9%
-756.4%
ACB

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
ACB
ACB
ARI
ARI
Revenue
$81.6M
$73.3M
Net Profit
$-617.0M
$29.2M
Gross Margin
8.7%
Operating Margin
-73.7%
39.7%
Net Margin
-756.4%
39.9%
Revenue YoY
4.0%
Net Profit YoY
-28.2%
EPS (diluted)
$0.19

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
ACB
ACB
ARI
ARI
Q4 25
$73.3M
Q3 25
$61.6M
Q2 25
$70.9M
Q1 25
$65.8M
Q4 24
$70.5M
Q3 24
$71.6M
Q2 24
$81.1M
Q1 24
$80.5M
Net Profit
ACB
ACB
ARI
ARI
Q4 25
$29.2M
Q3 25
$50.8M
Q2 25
$20.7M
Q1 25
$26.0M
Q4 24
$40.7M
Q3 24
$-91.5M
Q2 24
$35.8M
Q1 24
$-104.5M
Operating Margin
ACB
ACB
ARI
ARI
Q4 25
39.7%
Q3 25
82.8%
Q2 25
29.4%
Q1 25
39.7%
Q4 24
57.9%
Q3 24
-127.8%
Q2 24
44.2%
Q1 24
-129.6%
Net Margin
ACB
ACB
ARI
ARI
Q4 25
39.9%
Q3 25
82.4%
Q2 25
29.3%
Q1 25
39.5%
Q4 24
57.7%
Q3 24
-127.9%
Q2 24
44.1%
Q1 24
-129.8%
EPS (diluted)
ACB
ACB
ARI
ARI
Q4 25
$0.19
Q3 25
$0.34
Q2 25
$0.12
Q1 25
$0.16
Q4 24
$0.25
Q3 24
$-0.69
Q2 24
$0.23
Q1 24
$-0.76

Balance Sheet & Financial Strength

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

Metric
ACB
ACB
ARI
ARI
Cash + ST InvestmentsLiquidity on hand
$139.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
Total Assets
$9.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACB
ACB
ARI
ARI
Q4 25
$139.8M
Q3 25
$245.9M
Q2 25
$177.6M
Q1 25
$166.4M
Q4 24
$317.4M
Q3 24
$194.3M
Q2 24
$174.7M
Q1 24
$161.2M
Stockholders' Equity
ACB
ACB
ARI
ARI
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$2.0B
Q1 24
$2.0B
Total Assets
ACB
ACB
ARI
ARI
Q4 25
$9.9B
Q3 25
$9.5B
Q2 25
$9.8B
Q1 25
$8.8B
Q4 24
$8.4B
Q3 24
$9.1B
Q2 24
$9.3B
Q1 24
$9.2B

Cash Flow & Capital Efficiency

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

Metric
ACB
ACB
ARI
ARI
Operating Cash FlowLast quarter
$-4.3M
$142.5M
Free Cash FlowOCF − Capex
$-8.6M
FCF MarginFCF / Revenue
-10.6%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
4.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACB
ACB
ARI
ARI
Q4 25
$142.5M
Q3 25
$31.7M
Q2 25
$63.2M
Q1 25
$39.3M
Q4 24
$200.3M
Q3 24
$47.2M
Q2 24
$50.2M
Q1 24
$52.8M
Cash Conversion
ACB
ACB
ARI
ARI
Q4 25
4.88×
Q3 25
0.62×
Q2 25
3.05×
Q1 25
1.51×
Q4 24
4.93×
Q3 24
Q2 24
1.40×
Q1 24

Financial Flow Comparison

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

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