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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.2M, roughly 1.3× Ares Commercial Real Estate Corp). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -29.2%, a 96.5% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -24.5%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

ACRE vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.3× larger
SLGL
$17.3M
$13.2M
ACRE
Growing faster (revenue YoY)
SLGL
SLGL
+242.2% gap
SLGL
217.7%
-24.5%
ACRE
Higher net margin
SLGL
SLGL
96.5% more per $
SLGL
67.3%
-29.2%
ACRE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ACRE
ACRE
SLGL
SLGL
Revenue
$13.2M
$17.3M
Net Profit
$-3.9M
$11.6M
Gross Margin
Operating Margin
-29.2%
65.1%
Net Margin
-29.2%
67.3%
Revenue YoY
-24.5%
217.7%
Net Profit YoY
63.8%
487.6%
EPS (diluted)
$4.17

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
ACRE
ACRE
SLGL
SLGL
Q4 25
$13.2M
Q3 25
$14.1M
Q2 25
$12.6M
$17.3M
Q1 25
$14.9M
Q4 24
$17.5M
Q3 24
$16.7M
Q2 24
$16.8M
$5.4M
Q1 24
$18.7M
Net Profit
ACRE
ACRE
SLGL
SLGL
Q4 25
$-3.9M
Q3 25
$4.7M
Q2 25
$-11.0M
$11.6M
Q1 25
$9.3M
Q4 24
$-10.7M
Q3 24
$-5.9M
Q2 24
$-6.1M
$2.0M
Q1 24
$-12.3M
Operating Margin
ACRE
ACRE
SLGL
SLGL
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
65.1%
Q1 25
64.4%
Q4 24
-61.0%
Q3 24
-35.3%
Q2 24
-36.5%
29.9%
Q1 24
-65.9%
Net Margin
ACRE
ACRE
SLGL
SLGL
Q4 25
-29.2%
Q3 25
33.0%
Q2 25
-87.8%
67.3%
Q1 25
62.5%
Q4 24
-60.9%
Q3 24
-35.3%
Q2 24
-36.5%
36.4%
Q1 24
-65.9%
EPS (diluted)
ACRE
ACRE
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$4.17
Q1 25
Q4 24
Q3 24
Q2 24
$0.71
Q1 24

Balance Sheet & Financial Strength

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

Metric
ACRE
ACRE
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$29.3M
$24.3M
Total DebtLower is stronger
$948.2M
Stockholders' EquityBook value
$509.6M
$31.9M
Total Assets
$1.6B
$39.3M
Debt / EquityLower = less leverage
1.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACRE
ACRE
SLGL
SLGL
Q4 25
$29.3M
Q3 25
$84.9M
Q2 25
$90.0M
$24.3M
Q1 25
$125.5M
Q4 24
$63.8M
Q3 24
$68.9M
Q2 24
$70.6M
$26.5M
Q1 24
$99.5M
Total Debt
ACRE
ACRE
SLGL
SLGL
Q4 25
$948.2M
Q3 25
Q2 25
Q1 25
Q4 24
$718.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACRE
ACRE
SLGL
SLGL
Q4 25
$509.6M
Q3 25
$521.0M
Q2 25
$523.7M
$31.9M
Q1 25
$542.1M
Q4 24
$540.1M
Q3 24
$563.8M
Q2 24
$582.3M
$34.9M
Q1 24
$601.1M
Total Assets
ACRE
ACRE
SLGL
SLGL
Q4 25
$1.6B
Q3 25
$1.4B
Q2 25
$1.4B
$39.3M
Q1 25
$1.5B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$2.1B
$42.0M
Q1 24
$2.1B
Debt / Equity
ACRE
ACRE
SLGL
SLGL
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
SLGL
SLGL
Operating Cash FlowLast quarter
$21.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACRE
ACRE
SLGL
SLGL
Q4 25
$21.4M
Q3 25
$3.8M
Q2 25
$4.9M
Q1 25
$8.0M
Q4 24
$35.5M
Q3 24
$8.4M
Q2 24
$8.7M
Q1 24
$11.4M
Cash Conversion
ACRE
ACRE
SLGL
SLGL
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.

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