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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Arthur J. Gallagher & Co. (AJG). Click either name above to swap in a different company.
Arthur J. Gallagher & Co. is the larger business by last-quarter revenue ($3.6B vs $13.2M, roughly 274.6× Ares Commercial Real Estate Corp). Arthur J. Gallagher & Co. runs the higher net margin — 4.2% vs -29.2%, a 33.4% gap on every dollar of revenue. On growth, Arthur J. Gallagher & Co. posted the faster year-over-year revenue change (33.6% vs -24.5%). Over the past eight quarters, Arthur J. Gallagher & Co.'s revenue compounded faster (5.5% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
Arthur J. Gallagher & Co. (Gallagher) is an American insurance brokerage and risk management services company based in Rolling Meadows, Illinois, a suburb of Chicago. The company provides insurance brokerage and risk management services, which primarily includes processing of workers compensation and automobile insurance claims via the company's adjusters.
ACRE vs AJG — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $3.6B |
| Net Profit | $-3.9M | $151.1M |
| Gross Margin | — | — |
| Operating Margin | -29.2% | 5.0% |
| Net Margin | -29.2% | 4.2% |
| Revenue YoY | -24.5% | 33.6% |
| Net Profit YoY | 63.8% | -41.5% |
| EPS (diluted) | — | $0.58 |
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.
| Q4 25 | $13.2M | $3.6B | ||
| Q3 25 | $14.1M | $3.4B | ||
| Q2 25 | $12.6M | $3.2B | ||
| Q1 25 | $14.9M | $3.7B | ||
| Q4 24 | $17.5M | $2.7B | ||
| Q3 24 | $16.7M | $2.8B | ||
| Q2 24 | $16.8M | $2.8B | ||
| Q1 24 | $18.7M | $3.3B |
| Q4 25 | $-3.9M | $151.1M | ||
| Q3 25 | $4.7M | $272.7M | ||
| Q2 25 | $-11.0M | $365.8M | ||
| Q1 25 | $9.3M | $704.4M | ||
| Q4 24 | $-10.7M | $258.3M | ||
| Q3 24 | $-5.9M | $312.6M | ||
| Q2 24 | $-6.1M | $283.4M | ||
| Q1 24 | $-12.3M | $608.4M |
| Q4 25 | -29.2% | 5.0% | ||
| Q3 25 | 33.0% | 10.3% | ||
| Q2 25 | -87.8% | 14.6% | ||
| Q1 25 | 64.4% | 23.4% | ||
| Q4 24 | -61.0% | 12.3% | ||
| Q3 24 | -35.3% | 14.4% | ||
| Q2 24 | -36.5% | 13.2% | ||
| Q1 24 | -65.9% | 23.7% |
| Q4 25 | -29.2% | 4.2% | ||
| Q3 25 | 33.0% | 8.1% | ||
| Q2 25 | -87.8% | 11.4% | ||
| Q1 25 | 62.5% | 18.9% | ||
| Q4 24 | -60.9% | 9.5% | ||
| Q3 24 | -35.3% | 11.1% | ||
| Q2 24 | -36.5% | 10.2% | ||
| Q1 24 | -65.9% | 18.7% |
| Q4 25 | — | $0.58 | ||
| Q3 25 | — | $1.04 | ||
| Q2 25 | — | $1.40 | ||
| Q1 25 | — | $2.72 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | — | $1.39 | ||
| Q2 24 | — | $1.27 | ||
| Q1 24 | — | $2.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | — |
| Total DebtLower is stronger | $948.2M | $12.9B |
| Stockholders' EquityBook value | $509.6M | $23.3B |
| Total Assets | $1.6B | $70.7B |
| Debt / EquityLower = less leverage | 1.86× | 0.55× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $84.9M | — | ||
| Q2 25 | $90.0M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $63.8M | — | ||
| Q3 24 | $68.9M | — | ||
| Q2 24 | $70.6M | — | ||
| Q1 24 | $99.5M | — |
| Q4 25 | $948.2M | $12.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | $23.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $23.3B | ||
| Q3 25 | $521.0M | $23.2B | ||
| Q2 25 | $523.7M | $23.0B | ||
| Q1 25 | $542.1M | $22.3B | ||
| Q4 24 | $540.1M | $20.2B | ||
| Q3 24 | $563.8M | $12.2B | ||
| Q2 24 | $582.3M | $11.6B | ||
| Q1 24 | $601.1M | $11.3B |
| Q4 25 | $1.6B | $70.7B | ||
| Q3 25 | $1.4B | $79.1B | ||
| Q2 25 | $1.4B | $80.1B | ||
| Q1 25 | $1.5B | $74.1B | ||
| Q4 24 | $1.8B | $64.3B | ||
| Q3 24 | $1.9B | $57.2B | ||
| Q2 24 | $2.1B | $63.0B | ||
| Q1 24 | $2.1B | $61.0B |
| Q4 25 | 1.86× | 0.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.6M | $753.0M |
| Free Cash FlowOCF − Capex | — | $713.4M |
| FCF MarginFCF / Revenue | — | 19.7% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | 4.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.6M | $753.0M | ||
| Q3 25 | $3.8M | $731.3M | ||
| Q2 25 | $4.9M | $-426.1M | ||
| Q1 25 | $8.0M | $871.8M | ||
| Q4 24 | $7.1M | $739.3M | ||
| Q3 24 | $8.4M | $934.8M | ||
| Q2 24 | $8.7M | $119.5M | ||
| Q1 24 | $11.4M | $789.3M |
| Q4 25 | — | $713.4M | ||
| Q3 25 | — | $693.5M | ||
| Q2 25 | — | $-465.5M | ||
| Q1 25 | — | $843.6M | ||
| Q4 24 | — | $695.7M | ||
| Q3 24 | — | $898.0M | ||
| Q2 24 | — | $87.7M | ||
| Q1 24 | — | $759.6M |
| Q4 25 | — | 19.7% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | -14.5% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 32.0% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 23.3% |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 4.98× | ||
| Q3 25 | 0.82× | 2.68× | ||
| Q2 25 | — | -1.16× | ||
| Q1 25 | 0.86× | 1.24× | ||
| Q4 24 | — | 2.86× | ||
| Q3 24 | — | 2.99× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACRE
Segment breakdown not available.
AJG
| Commissions | $2.1B | 57% |
| Broker Fees | $1.2B | 33% |
| Supplemental Revenue | $131.7M | 4% |
| Investment Performance | $121.8M | 3% |
| Contingent Revenue | $83.0M | 2% |
