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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.
Ares Commercial Real Estate Corp is the larger business by last-quarter revenue ($13.2M vs $12.5M, roughly 1.1× Local Bounti Corporation). Ares Commercial Real Estate Corp runs the higher net margin — -29.2% vs -69.8%, a 40.6% gap on every dollar of revenue. On growth, Local Bounti Corporation posted the faster year-over-year revenue change (23.7% vs -24.5%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% 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.
Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.
ACRE vs LOCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $12.5M |
| Net Profit | $-3.9M | $-8.7M |
| Gross Margin | — | 12.2% |
| Operating Margin | -29.2% | -106.1% |
| Net Margin | -29.2% | -69.8% |
| Revenue YoY | -24.5% | 23.7% |
| Net Profit YoY | 63.8% | 76.0% |
| EPS (diluted) | — | $1.52 |
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 | $12.5M | ||
| Q3 25 | $14.1M | $12.2M | ||
| Q2 25 | $12.6M | $12.1M | ||
| Q1 25 | $14.9M | $11.6M | ||
| Q4 24 | $17.5M | $10.1M | ||
| Q3 24 | $16.7M | $10.2M | ||
| Q2 24 | $16.8M | $9.4M | ||
| Q1 24 | $18.7M | $8.4M |
| Q4 25 | $-3.9M | $-8.7M | ||
| Q3 25 | $4.7M | $-26.4M | ||
| Q2 25 | $-11.0M | $-21.6M | ||
| Q1 25 | $9.3M | $-37.7M | ||
| Q4 24 | $-10.7M | $-36.3M | ||
| Q3 24 | $-5.9M | $-34.3M | ||
| Q2 24 | $-6.1M | $-25.3M | ||
| Q1 24 | $-12.3M | $-24.1M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | -29.2% | -106.1% | ||
| Q3 25 | 33.0% | -149.4% | ||
| Q2 25 | -87.8% | -127.7% | ||
| Q1 25 | 64.4% | -135.6% | ||
| Q4 24 | -61.0% | -166.6% | ||
| Q3 24 | -35.3% | -176.0% | ||
| Q2 24 | -36.5% | -146.8% | ||
| Q1 24 | -65.9% | -122.9% |
| Q4 25 | -29.2% | -69.8% | ||
| Q3 25 | 33.0% | -216.6% | ||
| Q2 25 | -87.8% | -178.3% | ||
| Q1 25 | 62.5% | -324.6% | ||
| Q4 24 | -60.9% | -360.1% | ||
| Q3 24 | -35.3% | -335.2% | ||
| Q2 24 | -36.5% | -267.6% | ||
| Q1 24 | -65.9% | -286.9% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | — | $-1.18 | ||
| Q2 25 | — | $-1.63 | ||
| Q1 25 | — | $-4.32 | ||
| Q4 24 | — | $-4.24 | ||
| Q3 24 | — | $-4.01 | ||
| Q2 24 | — | $-3.00 | ||
| Q1 24 | — | $-2.89 |
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 | $4.2M |
| Total DebtLower is stronger | $948.2M | $483.1M |
| Stockholders' EquityBook value | $509.6M | $-166.2M |
| Total Assets | $1.6B | $410.5M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $4.2M | ||
| Q3 25 | $84.9M | $6.2M | ||
| Q2 25 | $90.0M | $5.3M | ||
| Q1 25 | $125.5M | $18.0M | ||
| Q4 24 | $63.8M | $937.0K | ||
| Q3 24 | $68.9M | $317.0K | ||
| Q2 24 | $70.6M | $9.7M | ||
| Q1 24 | $99.5M | $8.2M |
| Q4 25 | $948.2M | $483.1M | ||
| Q3 25 | — | $484.9M | ||
| Q2 25 | — | $478.3M | ||
| Q1 25 | — | $480.0M | ||
| Q4 24 | $718.5M | $436.8M | ||
| Q3 24 | — | $398.4M | ||
| Q2 24 | — | $374.0M | ||
| Q1 24 | — | $329.8M |
| Q4 25 | $509.6M | $-166.2M | ||
| Q3 25 | $521.0M | $-158.1M | ||
| Q2 25 | $523.7M | $-132.7M | ||
| Q1 25 | $542.1M | $-134.5M | ||
| Q4 24 | $540.1M | $-100.5M | ||
| Q3 24 | $563.8M | $-65.6M | ||
| Q2 24 | $582.3M | $-32.8M | ||
| Q1 24 | $601.1M | $-9.4M |
| Q4 25 | $1.6B | $410.5M | ||
| Q3 25 | $1.4B | $417.8M | ||
| Q2 25 | $1.4B | $426.8M | ||
| Q1 25 | $1.5B | $447.2M | ||
| Q4 24 | $1.8B | $428.0M | ||
| Q3 24 | $1.9B | $430.8M | ||
| Q2 24 | $2.1B | $438.1M | ||
| Q1 24 | $2.1B | $413.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-3.1M |
| Free Cash FlowOCF − Capex | — | $-3.6M |
| FCF MarginFCF / Revenue | — | -29.1% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-3.1M | ||
| Q3 25 | $3.8M | $-8.9M | ||
| Q2 25 | $4.9M | $-8.7M | ||
| Q1 25 | $8.0M | $-9.6M | ||
| Q4 24 | $35.5M | $1.2M | ||
| Q3 24 | $8.4M | $-17.2M | ||
| Q2 24 | $8.7M | $-4.0M | ||
| Q1 24 | $11.4M | $-7.1M |
| Q4 25 | — | $-3.6M | ||
| Q3 25 | — | $-10.1M | ||
| Q2 25 | — | $-14.6M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $-30.0M | ||
| Q2 24 | — | $-28.8M | ||
| Q1 24 | — | $-42.1M |
| Q4 25 | — | -29.1% | ||
| Q3 25 | — | -82.8% | ||
| Q2 25 | — | -121.0% | ||
| Q1 25 | — | -125.1% | ||
| Q4 24 | — | -85.3% | ||
| Q3 24 | — | -293.1% | ||
| Q2 24 | — | -305.4% | ||
| Q1 24 | — | -501.8% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 42.8% | ||
| Q4 24 | — | 97.6% | ||
| Q3 24 | — | 125.0% | ||
| Q2 24 | — | 263.0% | ||
| Q1 24 | — | 417.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
