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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Farmmi, Inc. (FAMI). Click either name above to swap in a different company.

Farmmi, Inc. is the larger business by last-quarter revenue ($16.1M vs $13.2M, roughly 1.2× Ares Commercial Real Estate Corp). Farmmi, Inc. runs the higher net margin — -0.3% vs -29.2%, a 29.0% gap on every dollar of revenue. On growth, Ares Commercial Real Estate Corp posted the faster year-over-year revenue change (-24.5% vs -55.7%).

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.

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

ACRE vs FAMI — Head-to-Head

Bigger by revenue
FAMI
FAMI
1.2× larger
FAMI
$16.1M
$13.2M
ACRE
Growing faster (revenue YoY)
ACRE
ACRE
+31.2% gap
ACRE
-24.5%
-55.7%
FAMI
Higher net margin
FAMI
FAMI
29.0% more per $
FAMI
-0.3%
-29.2%
ACRE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ACRE
ACRE
FAMI
FAMI
Revenue
$13.2M
$16.1M
Net Profit
$-3.9M
$-44.0K
Gross Margin
5.0%
Operating Margin
-29.2%
-4.1%
Net Margin
-29.2%
-0.3%
Revenue YoY
-24.5%
-55.7%
Net Profit YoY
63.8%
-107.0%
EPS (diluted)
$-0.04

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
ACRE
ACRE
FAMI
FAMI
Q4 25
$13.2M
Q3 25
$14.1M
Q2 25
$12.6M
Q1 25
$14.9M
$16.1M
Q4 24
$17.5M
Q3 24
$16.7M
Q2 24
$16.8M
Q1 24
$18.7M
$36.4M
Net Profit
ACRE
ACRE
FAMI
FAMI
Q4 25
$-3.9M
Q3 25
$4.7M
Q2 25
$-11.0M
Q1 25
$9.3M
$-44.0K
Q4 24
$-10.7M
Q3 24
$-5.9M
Q2 24
$-6.1M
Q1 24
$-12.3M
$630.5K
Gross Margin
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
5.0%
Q4 24
Q3 24
Q2 24
Q1 24
5.9%
Operating Margin
ACRE
ACRE
FAMI
FAMI
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
Q1 25
64.4%
-4.1%
Q4 24
-61.0%
Q3 24
-35.3%
Q2 24
-36.5%
Q1 24
-65.9%
2.5%
Net Margin
ACRE
ACRE
FAMI
FAMI
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
Q1 25
62.5%
-0.3%
Q4 24
-60.9%
Q3 24
-35.3%
Q2 24
-36.5%
Q1 24
-65.9%
1.7%
EPS (diluted)
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
$-0.04
Q4 24
Q3 24
Q2 24
Q1 24
$1.20

Balance Sheet & Financial Strength

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

Metric
ACRE
ACRE
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$29.3M
Total DebtLower is stronger
$948.2M
Stockholders' EquityBook value
$509.6M
$166.4M
Total Assets
$1.6B
$230.4M
Debt / EquityLower = less leverage
1.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACRE
ACRE
FAMI
FAMI
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
Total Debt
ACRE
ACRE
FAMI
FAMI
Q4 25
$948.2M
Q3 25
Q2 25
Q1 25
Q4 24
$718.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACRE
ACRE
FAMI
FAMI
Q4 25
$509.6M
Q3 25
$521.0M
Q2 25
$523.7M
Q1 25
$542.1M
$166.4M
Q4 24
$540.1M
Q3 24
$563.8M
Q2 24
$582.3M
Q1 24
$601.1M
$164.4M
Total Assets
ACRE
ACRE
FAMI
FAMI
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.5B
$230.4M
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$2.1B
Q1 24
$2.1B
$171.9M
Debt / Equity
ACRE
ACRE
FAMI
FAMI
Q4 25
1.86×
Q3 25
Q2 25
Q1 25
Q4 24
1.33×
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
ACRE
ACRE
FAMI
FAMI
Operating Cash FlowLast quarter
$21.4M
$14.6M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACRE
ACRE
FAMI
FAMI
Q4 25
$21.4M
Q3 25
$3.8M
Q2 25
$4.9M
Q1 25
$8.0M
$14.6M
Q4 24
$35.5M
Q3 24
$8.4M
Q2 24
$8.7M
Q1 24
$11.4M
$-14.9M
Free Cash Flow
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
$14.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
90.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Cash Conversion
ACRE
ACRE
FAMI
FAMI
Q4 25
Q3 25
0.82×
Q2 25
Q1 25
0.86×
Q4 24
Q3 24
Q2 24
Q1 24
-23.63×

Financial Flow Comparison

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

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