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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and P10, Inc. (PX). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $81.0M, roughly 1.1× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -15.1%, a 26.8% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 10.7%).
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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
ALTI vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $81.0M |
| Net Profit | $-13.1M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -2.1% | 31.9% |
| Net Margin | -15.1% | 11.7% |
| Revenue YoY | 87.0% | -4.7% |
| Net Profit YoY | 75.6% | 79.0% |
| EPS (diluted) | — | $0.08 |
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 | $81.0M | ||
| Q3 25 | $57.2M | $75.9M | ||
| Q2 25 | $53.1M | $72.7M | ||
| Q1 25 | $58.0M | $67.7M | ||
| Q4 24 | $46.3M | $85.0M | ||
| Q3 24 | $51.8M | $74.2M | ||
| Q2 24 | $49.5M | $71.1M | ||
| Q1 24 | $50.8M | $66.1M |
| Q4 25 | $-13.1M | $9.5M | ||
| Q3 25 | $-84.1M | $2.1M | ||
| Q2 25 | $-24.4M | $3.4M | ||
| Q1 25 | $1.9M | $4.5M | ||
| Q4 24 | $-53.8M | $5.3M | ||
| Q3 24 | $-72.5M | $1.4M | ||
| Q2 24 | $-6.4M | $7.0M | ||
| Q1 24 | $29.7M | $5.0M |
| Q4 25 | -2.1% | 31.9% | ||
| Q3 25 | -49.8% | 14.1% | ||
| Q2 25 | -56.7% | 24.4% | ||
| Q1 25 | -23.3% | 16.6% | ||
| Q4 24 | -42.7% | 26.9% | ||
| Q3 24 | -18.4% | 11.9% | ||
| Q2 24 | -30.2% | 23.7% | ||
| Q1 24 | -28.9% | 18.3% |
| Q4 25 | -15.1% | 11.7% | ||
| Q3 25 | -147.0% | 2.8% | ||
| Q2 25 | -45.9% | 4.7% | ||
| Q1 25 | 3.3% | 6.7% | ||
| Q4 24 | -116.1% | 6.2% | ||
| Q3 24 | -140.0% | 1.9% | ||
| Q2 24 | -12.9% | 9.8% | ||
| Q1 24 | 58.4% | 7.6% |
| Q4 25 | — | $0.08 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | $-0.33 | $0.03 | ||
| Q1 25 | $-0.04 | $0.04 | ||
| Q4 24 | $-0.71 | $0.05 | ||
| Q3 24 | $-0.88 | $0.01 | ||
| Q2 24 | $-0.18 | $0.06 | ||
| Q1 24 | $0.18 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | $883.0K | $373.2M |
| Stockholders' EquityBook value | $600.1M | $403.5M |
| Total Assets | $1.2B | $928.3M |
| Debt / EquityLower = less leverage | 0.00× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $28.2M | ||
| Q3 25 | $35.8M | $40.0M | ||
| Q2 25 | $42.4M | $33.4M | ||
| Q1 25 | $52.8M | $74.4M | ||
| Q4 24 | $64.4M | $67.5M | ||
| Q3 24 | $220.6M | $61.5M | ||
| Q2 24 | $60.0M | $31.2M | ||
| Q1 24 | $134.2M | $29.0M |
| Q4 25 | $883.0K | $373.2M | ||
| Q3 25 | $586.0K | $393.4M | ||
| Q2 25 | $673.0K | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $0 | $319.8M | ||
| Q3 24 | $128.4M | $319.4M | ||
| Q2 24 | $164.0M | $300.6M | ||
| Q1 24 | $183.7M | $314.0M |
| Q4 25 | $600.1M | $403.5M | ||
| Q3 25 | $607.2M | $396.8M | ||
| Q2 25 | $685.4M | $388.9M | ||
| Q1 25 | $665.2M | $374.3M | ||
| Q4 24 | $658.4M | $386.9M | ||
| Q3 24 | $707.0M | $394.1M | ||
| Q2 24 | $540.2M | $396.9M | ||
| Q1 24 | $510.9M | $400.1M |
| Q4 25 | $1.2B | $928.3M | ||
| Q3 25 | $1.2B | $936.0M | ||
| Q2 25 | $1.2B | $932.2M | ||
| Q1 25 | $1.2B | $877.4M | ||
| Q4 24 | $1.3B | $869.3M | ||
| Q3 24 | $1.4B | $857.0M | ||
| Q2 24 | $1.3B | $823.2M | ||
| Q1 24 | $1.3B | $832.8M |
| Q4 25 | 0.00× | 0.93× | ||
| Q3 25 | 0.00× | 0.99× | ||
| Q2 25 | 0.00× | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 0.00× | 0.83× | ||
| Q3 24 | 0.18× | 0.81× | ||
| Q2 24 | 0.30× | 0.76× | ||
| Q1 24 | 0.36× | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $-52.2M | $18.1M |
| FCF MarginFCF / Revenue | -60.3% | 22.3% |
| Capex IntensityCapex / Revenue | 0.9% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $23.0M | ||
| Q3 25 | $-53.5M | $-8.6M | ||
| Q2 25 | $-19.9M | $13.4M | ||
| Q1 25 | $-30.2M | $-4.7M | ||
| Q4 24 | $-50.7M | $101.0M | ||
| Q3 24 | $-4.9M | $27.5M | ||
| Q2 24 | $-30.2M | $34.8M | ||
| Q1 24 | $-15.5M | $11.0M |
| Q4 25 | $-52.2M | $18.1M | ||
| Q3 25 | — | $-9.5M | ||
| Q2 25 | $-20.0M | $11.6M | ||
| Q1 25 | $-31.0M | $-6.0M | ||
| Q4 24 | $-58.2M | $96.6M | ||
| Q3 24 | $-9.4M | $25.2M | ||
| Q2 24 | $-31.2M | $33.9M | ||
| Q1 24 | $-15.7M | $10.7M |
| Q4 25 | -60.3% | 22.3% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | -37.6% | 15.9% | ||
| Q1 25 | -53.4% | -8.9% | ||
| Q4 24 | -125.7% | 113.6% | ||
| Q3 24 | -18.2% | 34.0% | ||
| Q2 24 | -63.2% | 47.7% | ||
| Q1 24 | -30.9% | 16.2% |
| Q4 25 | 0.9% | 6.0% | ||
| Q3 25 | 0.0% | 1.2% | ||
| Q2 25 | 0.0% | 2.5% | ||
| Q1 25 | 1.3% | 1.9% | ||
| Q4 24 | 16.3% | 5.2% | ||
| Q3 24 | 8.7% | 3.0% | ||
| Q2 24 | 2.2% | 1.3% | ||
| Q1 24 | 0.4% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | -15.80× | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | -0.52× | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
