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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). 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 $12.1M, roughly 1.1× TRANSCONTINENTAL REALTY INVESTORS INC). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -29.2%, a 98.0% gap on every dollar of revenue. On growth, TRANSCONTINENTAL REALTY INVESTORS INC posted the faster year-over-year revenue change (2.3% vs -24.5%). Over the past eight quarters, TRANSCONTINENTAL REALTY INVESTORS INC's revenue compounded faster (0.7% 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.
Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.
ACRE vs TCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $12.1M |
| Net Profit | $-3.9M | $8.3M |
| Gross Margin | — | — |
| Operating Margin | -29.2% | -28.9% |
| Net Margin | -29.2% | 68.8% |
| Revenue YoY | -24.5% | 2.3% |
| Net Profit YoY | 63.8% | 7577.8% |
| EPS (diluted) | — | $0.97 |
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 | $12.1M | ||
| Q3 25 | $14.1M | $12.8M | ||
| Q2 25 | $12.6M | $12.2M | ||
| Q1 25 | $14.9M | $12.0M | ||
| Q4 24 | $17.5M | $11.8M | ||
| Q3 24 | $16.7M | $11.6M | ||
| Q2 24 | $16.8M | $11.8M | ||
| Q1 24 | $18.7M | $11.9M |
| Q4 25 | $-3.9M | $8.3M | ||
| Q3 25 | $4.7M | $724.0K | ||
| Q2 25 | $-11.0M | $169.0K | ||
| Q1 25 | $9.3M | $4.6M | ||
| Q4 24 | $-10.7M | $108.0K | ||
| Q3 24 | $-5.9M | $1.7M | ||
| Q2 24 | $-6.1M | $1.5M | ||
| Q1 24 | $-12.3M | $2.5M |
| Q4 25 | -29.2% | -28.9% | ||
| Q3 25 | 33.0% | -10.9% | ||
| Q2 25 | -87.8% | -6.8% | ||
| Q1 25 | 64.4% | -5.3% | ||
| Q4 24 | -61.0% | -14.3% | ||
| Q3 24 | -35.3% | -14.4% | ||
| Q2 24 | -36.5% | -9.2% | ||
| Q1 24 | -65.9% | -11.2% |
| Q4 25 | -29.2% | 68.8% | ||
| Q3 25 | 33.0% | 5.6% | ||
| Q2 25 | -87.8% | 1.4% | ||
| Q1 25 | 62.5% | 38.5% | ||
| Q4 24 | -60.9% | 0.9% | ||
| Q3 24 | -35.3% | 14.7% | ||
| Q2 24 | -36.5% | 12.7% | ||
| Q1 24 | -65.9% | 21.4% |
| Q4 25 | — | $0.97 | ||
| Q3 25 | — | $0.08 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.30 |
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 | $89.0M |
| Total DebtLower is stronger | $948.2M | $210.8M |
| Stockholders' EquityBook value | $509.6M | $846.7M |
| Total Assets | $1.6B | $1.1B |
| Debt / EquityLower = less leverage | 1.86× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $89.0M | ||
| Q3 25 | $84.9M | $82.7M | ||
| Q2 25 | $90.0M | $73.5M | ||
| Q1 25 | $125.5M | $88.6M | ||
| Q4 24 | $63.8M | $99.7M | ||
| Q3 24 | $68.9M | $131.6M | ||
| Q2 24 | $70.6M | $127.5M | ||
| Q1 24 | $99.5M | $130.8M |
| Q4 25 | $948.2M | $210.8M | ||
| Q3 25 | — | $223.5M | ||
| Q2 25 | — | $212.4M | ||
| Q1 25 | — | $198.2M | ||
| Q4 24 | $718.5M | $181.9M | ||
| Q3 24 | — | $180.3M | ||
| Q2 24 | — | $177.4M | ||
| Q1 24 | — | $178.3M |
| Q4 25 | $509.6M | $846.7M | ||
| Q3 25 | $521.0M | $838.4M | ||
| Q2 25 | $523.7M | $837.7M | ||
| Q1 25 | $542.1M | $837.3M | ||
| Q4 24 | $540.1M | $832.3M | ||
| Q3 24 | $563.8M | $832.2M | ||
| Q2 24 | $582.3M | $830.4M | ||
| Q1 24 | $601.1M | $828.9M |
| Q4 25 | $1.6B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.1B | $1.0B | ||
| Q1 24 | $2.1B | $1.0B |
| Q4 25 | 1.86× | 0.25× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 1.33× | 0.22× | ||
| Q3 24 | — | 0.22× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.22× |
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 | $-2.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-2.9M | ||
| Q3 25 | $3.8M | $8.2M | ||
| Q2 25 | $4.9M | $-2.9M | ||
| Q1 25 | $8.0M | $-7.4M | ||
| Q4 24 | $35.5M | $1.3M | ||
| Q3 24 | $8.4M | $13.7M | ||
| Q2 24 | $8.7M | $-511.0K | ||
| Q1 24 | $11.4M | $3.9M |
| Q4 25 | — | -0.35× | ||
| Q3 25 | 0.82× | 11.28× | ||
| Q2 25 | — | -17.24× | ||
| Q1 25 | 0.86× | -1.61× | ||
| Q4 24 | — | 12.13× | ||
| Q3 24 | — | 8.03× | ||
| Q2 24 | — | -0.34× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
