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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $86.6M, roughly 1.8× AlTi Global, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -15.1%, a 19.9% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 22.3%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 16.9%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
ALTI vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $153.1M |
| Net Profit | $-13.1M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | -2.1% | 12.0% |
| Net Margin | -15.1% | 4.8% |
| Revenue YoY | 87.0% | 22.3% |
| Net Profit YoY | 75.6% | 8.5% |
| EPS (diluted) | — | $0.62 |
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 | $86.6M | $153.1M | ||
| Q3 25 | $57.2M | $138.0M | ||
| Q2 25 | $53.1M | $129.8M | ||
| Q1 25 | $58.0M | $122.8M | ||
| Q4 24 | $46.3M | $125.1M | ||
| Q3 24 | $51.8M | $124.8M | ||
| Q2 24 | $49.5M | $118.8M | ||
| Q1 24 | $50.8M | $111.9M |
| Q4 25 | $-13.1M | $7.3M | ||
| Q3 25 | $-84.1M | $2.3M | ||
| Q2 25 | $-24.4M | $518.0K | ||
| Q1 25 | $1.9M | $4.8M | ||
| Q4 24 | $-53.8M | $6.8M | ||
| Q3 24 | $-72.5M | $1.3M | ||
| Q2 24 | $-6.4M | $6.0M | ||
| Q1 24 | $29.7M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | -2.1% | 12.0% | ||
| Q3 25 | -49.8% | 9.4% | ||
| Q2 25 | -56.7% | 7.3% | ||
| Q1 25 | -23.3% | 11.5% | ||
| Q4 24 | -42.7% | 12.7% | ||
| Q3 24 | -18.4% | 14.3% | ||
| Q2 24 | -30.2% | 12.5% | ||
| Q1 24 | -28.9% | 12.6% |
| Q4 25 | -15.1% | 4.8% | ||
| Q3 25 | -147.0% | 1.7% | ||
| Q2 25 | -45.9% | 0.4% | ||
| Q1 25 | 3.3% | 3.9% | ||
| Q4 24 | -116.1% | 5.4% | ||
| Q3 24 | -140.0% | 1.0% | ||
| Q2 24 | -12.9% | 5.1% | ||
| Q1 24 | 58.4% | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | $-0.33 | $0.04 | ||
| Q1 25 | $-0.04 | $0.40 | ||
| Q4 24 | $-0.71 | $0.56 | ||
| Q3 24 | $-0.88 | $0.11 | ||
| Q2 24 | $-0.18 | $0.51 | ||
| Q1 24 | $0.18 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $21.7M |
| Total DebtLower is stronger | $883.0K | $286.7M |
| Stockholders' EquityBook value | $600.1M | $-17.3M |
| Total Assets | $1.2B | $403.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $21.7M | ||
| Q3 25 | $35.8M | $16.0M | ||
| Q2 25 | $42.4M | $17.1M | ||
| Q1 25 | $52.8M | $31.5M | ||
| Q4 24 | $64.4M | $33.5M | ||
| Q3 24 | $220.6M | $14.7M | ||
| Q2 24 | $60.0M | $7.5M | ||
| Q1 24 | $134.2M | $17.1M |
| Q4 25 | $883.0K | $286.7M | ||
| Q3 25 | $586.0K | $308.4M | ||
| Q2 25 | $673.0K | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | $0 | $280.4M | ||
| Q3 24 | $128.4M | $280.2M | ||
| Q2 24 | $164.0M | $269.7M | ||
| Q1 24 | $183.7M | $265.3M |
| Q4 25 | $600.1M | $-17.3M | ||
| Q3 25 | $607.2M | $-25.7M | ||
| Q2 25 | $685.4M | $-29.0M | ||
| Q1 25 | $665.2M | $-29.7M | ||
| Q4 24 | $658.4M | $-35.6M | ||
| Q3 24 | $707.0M | $-42.8M | ||
| Q2 24 | $540.2M | $-44.6M | ||
| Q1 24 | $510.9M | $-48.5M |
| Q4 25 | $1.2B | $403.2M | ||
| Q3 25 | $1.2B | $407.1M | ||
| Q2 25 | $1.2B | $399.8M | ||
| Q1 25 | $1.2B | $351.9M | ||
| Q4 24 | $1.3B | $349.7M | ||
| Q3 24 | $1.4B | $342.3M | ||
| Q2 24 | $1.3B | $321.4M | ||
| Q1 24 | $1.3B | $319.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-51.4M | $39.6M |
| Free Cash FlowOCF − Capex | $-52.2M | $35.2M |
| FCF MarginFCF / Revenue | -60.3% | 23.0% |
| Capex IntensityCapex / Revenue | 0.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $39.6M | ||
| Q3 25 | $-53.5M | $10.0M | ||
| Q2 25 | $-19.9M | $4.3M | ||
| Q1 25 | $-30.2M | $5.6M | ||
| Q4 24 | $-50.7M | $26.7M | ||
| Q3 24 | $-4.9M | $12.5M | ||
| Q2 24 | $-30.2M | $-4.8M | ||
| Q1 24 | $-15.5M | $8.9M |
| Q4 25 | $-52.2M | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | $-20.0M | $533.0K | ||
| Q1 25 | $-31.0M | $292.0K | ||
| Q4 24 | $-58.2M | $21.6M | ||
| Q3 24 | $-9.4M | $11.1M | ||
| Q2 24 | $-31.2M | $-6.0M | ||
| Q1 24 | $-15.7M | $7.4M |
| Q4 25 | -60.3% | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | -37.6% | 0.4% | ||
| Q1 25 | -53.4% | 0.2% | ||
| Q4 24 | -125.7% | 17.3% | ||
| Q3 24 | -18.2% | 8.9% | ||
| Q2 24 | -63.2% | -5.0% | ||
| Q1 24 | -30.9% | 6.6% |
| Q4 25 | 0.9% | 2.9% | ||
| Q3 25 | 0.0% | 3.4% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 1.3% | 4.3% | ||
| Q4 24 | 16.3% | 4.0% | ||
| Q3 24 | 8.7% | 1.2% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 0.4% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | -15.80× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | -0.52× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
