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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and Heartflow, Inc. (HTFL). Click either name above to swap in a different company.

AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $46.3M, roughly 1.9× Heartflow, Inc.). AlTi Global, Inc. runs the higher net margin — -15.1% vs -109.9%, a 94.8% gap on every dollar of revenue. Heartflow, Inc. produced more free cash flow last quarter ($-4.2M vs $-52.2M).

Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.

HeartFlow, Inc. develops non-invasive cardiovascular diagnostic solutions for global healthcare providers. Its core product uses CT scan data to build 3D coronary artery models, assess blood flow to detect blockages, and support clinicians in making personalized heart disease treatment decisions without invasive procedures.

ALTI vs HTFL — Head-to-Head

Bigger by revenue
ALTI
ALTI
1.9× larger
ALTI
$86.6M
$46.3M
HTFL
Higher net margin
ALTI
ALTI
94.8% more per $
ALTI
-15.1%
-109.9%
HTFL
More free cash flow
HTFL
HTFL
$48.1M more FCF
HTFL
$-4.2M
$-52.2M
ALTI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALTI
ALTI
HTFL
HTFL
Revenue
$86.6M
$46.3M
Net Profit
$-13.1M
$-50.9M
Gross Margin
76.5%
Operating Margin
-2.1%
-32.6%
Net Margin
-15.1%
-109.9%
Revenue YoY
87.0%
Net Profit YoY
75.6%
EPS (diluted)
$-1.04

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
ALTI
ALTI
HTFL
HTFL
Q4 25
$86.6M
Q3 25
$57.2M
$46.3M
Q2 25
$53.1M
$43.4M
Q1 25
$58.0M
Q4 24
$46.3M
Q3 24
$51.8M
Q2 24
$49.5M
Q1 24
$50.8M
Net Profit
ALTI
ALTI
HTFL
HTFL
Q4 25
$-13.1M
Q3 25
$-84.1M
$-50.9M
Q2 25
$-24.4M
$-9.2M
Q1 25
$1.9M
Q4 24
$-53.8M
Q3 24
$-72.5M
Q2 24
$-6.4M
Q1 24
$29.7M
Gross Margin
ALTI
ALTI
HTFL
HTFL
Q4 25
Q3 25
76.5%
Q2 25
75.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ALTI
ALTI
HTFL
HTFL
Q4 25
-2.1%
Q3 25
-49.8%
-32.6%
Q2 25
-56.7%
-31.6%
Q1 25
-23.3%
Q4 24
-42.7%
Q3 24
-18.4%
Q2 24
-30.2%
Q1 24
-28.9%
Net Margin
ALTI
ALTI
HTFL
HTFL
Q4 25
-15.1%
Q3 25
-147.0%
-109.9%
Q2 25
-45.9%
-21.2%
Q1 25
3.3%
Q4 24
-116.1%
Q3 24
-140.0%
Q2 24
-12.9%
Q1 24
58.4%
EPS (diluted)
ALTI
ALTI
HTFL
HTFL
Q4 25
Q3 25
$-1.04
Q2 25
$-0.33
$-1.46
Q1 25
$-0.04
Q4 24
$-0.71
Q3 24
$-0.88
Q2 24
$-0.18
Q1 24
$0.18

Balance Sheet & Financial Strength

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

Metric
ALTI
ALTI
HTFL
HTFL
Cash + ST InvestmentsLiquidity on hand
$41.2M
$291.2M
Total DebtLower is stronger
$883.0K
Stockholders' EquityBook value
$600.1M
$254.6M
Total Assets
$1.2B
$364.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
HTFL
HTFL
Q4 25
$41.2M
Q3 25
$35.8M
$291.2M
Q2 25
$42.4M
$80.2M
Q1 25
$52.8M
Q4 24
$64.4M
Q3 24
$220.6M
Q2 24
$60.0M
Q1 24
$134.2M
Total Debt
ALTI
ALTI
HTFL
HTFL
Q4 25
$883.0K
Q3 25
$586.0K
Q2 25
$673.0K
Q1 25
Q4 24
$0
Q3 24
$128.4M
Q2 24
$164.0M
Q1 24
$183.7M
Stockholders' Equity
ALTI
ALTI
HTFL
HTFL
Q4 25
$600.1M
Q3 25
$607.2M
$254.6M
Q2 25
$685.4M
$-894.8M
Q1 25
$665.2M
Q4 24
$658.4M
Q3 24
$707.0M
Q2 24
$540.2M
Q1 24
$510.9M
Total Assets
ALTI
ALTI
HTFL
HTFL
Q4 25
$1.2B
Q3 25
$1.2B
$364.4M
Q2 25
$1.2B
$159.4M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.3B
Debt / Equity
ALTI
ALTI
HTFL
HTFL
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
Q4 24
0.00×
Q3 24
0.18×
Q2 24
0.30×
Q1 24
0.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALTI
ALTI
HTFL
HTFL
Operating Cash FlowLast quarter
$-51.4M
$-3.0M
Free Cash FlowOCF − Capex
$-52.2M
$-4.2M
FCF MarginFCF / Revenue
-60.3%
-9.1%
Capex IntensityCapex / Revenue
0.9%
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
HTFL
HTFL
Q4 25
$-51.4M
Q3 25
$-53.5M
$-3.0M
Q2 25
$-19.9M
$-40.5M
Q1 25
$-30.2M
Q4 24
$-50.7M
Q3 24
$-4.9M
Q2 24
$-30.2M
Q1 24
$-15.5M
Free Cash Flow
ALTI
ALTI
HTFL
HTFL
Q4 25
$-52.2M
Q3 25
$-4.2M
Q2 25
$-20.0M
$-42.4M
Q1 25
$-31.0M
Q4 24
$-58.2M
Q3 24
$-9.4M
Q2 24
$-31.2M
Q1 24
$-15.7M
FCF Margin
ALTI
ALTI
HTFL
HTFL
Q4 25
-60.3%
Q3 25
-9.1%
Q2 25
-37.6%
-97.6%
Q1 25
-53.4%
Q4 24
-125.7%
Q3 24
-18.2%
Q2 24
-63.2%
Q1 24
-30.9%
Capex Intensity
ALTI
ALTI
HTFL
HTFL
Q4 25
0.9%
Q3 25
0.0%
2.7%
Q2 25
0.0%
4.4%
Q1 25
1.3%
Q4 24
16.3%
Q3 24
8.7%
Q2 24
2.2%
Q1 24
0.4%
Cash Conversion
ALTI
ALTI
HTFL
HTFL
Q4 25
Q3 25
Q2 25
Q1 25
-15.80×
Q4 24
Q3 24
Q2 24
Q1 24
-0.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALTI
ALTI

Management Advisory Fees$51.1M59%
Other$32.7M38%
Distributions From Investments$2.9M3%

HTFL
HTFL

Segment breakdown not available.

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