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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $86.6M, roughly 1.0× AlTi Global, Inc.). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -15.1%, a 49.9% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 9.8%). UNITED STATES LIME & MINERALS INC produced more free cash flow last quarter ($25.7M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs 10.8%).

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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

ALTI vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1.0× larger
USLM
$87.9M
$86.6M
ALTI
Growing faster (revenue YoY)
ALTI
ALTI
+77.2% gap
ALTI
87.0%
9.8%
USLM
Higher net margin
USLM
USLM
49.9% more per $
USLM
34.7%
-15.1%
ALTI
More free cash flow
USLM
USLM
$77.9M more FCF
USLM
$25.7M
$-52.2M
ALTI
Faster 2-yr revenue CAGR
ALTI
ALTI
Annualised
ALTI
30.6%
10.8%
USLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALTI
ALTI
USLM
USLM
Revenue
$86.6M
$87.9M
Net Profit
$-13.1M
$30.5M
Gross Margin
48.0%
Operating Margin
-2.1%
41.0%
Net Margin
-15.1%
34.7%
Revenue YoY
87.0%
9.8%
Net Profit YoY
75.6%
13.2%
EPS (diluted)
$1.06

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
USLM
USLM
Q4 25
$86.6M
$87.9M
Q3 25
$57.2M
$102.0M
Q2 25
$53.1M
$91.5M
Q1 25
$58.0M
$91.3M
Q4 24
$46.3M
$80.1M
Q3 24
$51.8M
$89.4M
Q2 24
$49.5M
$76.5M
Q1 24
$50.8M
$71.7M
Net Profit
ALTI
ALTI
USLM
USLM
Q4 25
$-13.1M
$30.5M
Q3 25
$-84.1M
$38.8M
Q2 25
$-24.4M
$30.8M
Q1 25
$1.9M
$34.1M
Q4 24
$-53.8M
$27.0M
Q3 24
$-72.5M
$33.4M
Q2 24
$-6.4M
$26.1M
Q1 24
$29.7M
$22.4M
Gross Margin
ALTI
ALTI
USLM
USLM
Q4 25
48.0%
Q3 25
51.2%
Q2 25
45.8%
Q1 25
50.6%
Q4 24
44.3%
Q3 24
48.2%
Q2 24
45.5%
Q1 24
42.7%
Operating Margin
ALTI
ALTI
USLM
USLM
Q4 25
-2.1%
41.0%
Q3 25
-49.8%
45.3%
Q2 25
-56.7%
39.0%
Q1 25
-23.3%
43.7%
Q4 24
-42.7%
38.8%
Q3 24
-18.4%
42.6%
Q2 24
-30.2%
39.1%
Q1 24
-28.9%
35.9%
Net Margin
ALTI
ALTI
USLM
USLM
Q4 25
-15.1%
34.7%
Q3 25
-147.0%
38.0%
Q2 25
-45.9%
33.7%
Q1 25
3.3%
37.4%
Q4 24
-116.1%
33.7%
Q3 24
-140.0%
37.3%
Q2 24
-12.9%
34.0%
Q1 24
58.4%
31.3%
EPS (diluted)
ALTI
ALTI
USLM
USLM
Q4 25
$1.06
Q3 25
$1.35
Q2 25
$-0.33
$1.07
Q1 25
$-0.04
$1.19
Q4 24
$-0.71
$-2.20
Q3 24
$-0.88
$1.16
Q2 24
$-0.18
$0.91
Q1 24
$0.18
$3.92

Balance Sheet & Financial Strength

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

Metric
ALTI
ALTI
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$41.2M
$371.1M
Total DebtLower is stronger
$883.0K
$0
Stockholders' EquityBook value
$600.1M
$630.8M
Total Assets
$1.2B
$681.0M
Debt / EquityLower = less leverage
0.00×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTI
ALTI
USLM
USLM
Q4 25
$41.2M
$371.1M
Q3 25
$35.8M
$349.5M
Q2 25
$42.4M
$319.9M
Q1 25
$52.8M
$300.6M
Q4 24
$64.4M
$278.0M
Q3 24
$220.6M
$255.0M
Q2 24
$60.0M
$222.5M
Q1 24
$134.2M
$207.0M
Total Debt
ALTI
ALTI
USLM
USLM
Q4 25
$883.0K
$0
Q3 25
$586.0K
$0
Q2 25
$673.0K
$0
Q1 25
$0
Q4 24
$0
$0
Q3 24
$128.4M
$0
Q2 24
$164.0M
$0
Q1 24
$183.7M
$0
Stockholders' Equity
ALTI
ALTI
USLM
USLM
Q4 25
$600.1M
$630.8M
Q3 25
$607.2M
$602.3M
Q2 25
$685.4M
$563.3M
Q1 25
$665.2M
$532.2M
Q4 24
$658.4M
$497.7M
Q3 24
$707.0M
$474.2M
Q2 24
$540.2M
$441.1M
Q1 24
$510.9M
$415.3M
Total Assets
ALTI
ALTI
USLM
USLM
Q4 25
$1.2B
$681.0M
Q3 25
$1.2B
$652.8M
Q2 25
$1.2B
$607.4M
Q1 25
$1.2B
$585.3M
Q4 24
$1.3B
$543.2M
Q3 24
$1.4B
$521.8M
Q2 24
$1.3B
$484.2M
Q1 24
$1.3B
$464.0M
Debt / Equity
ALTI
ALTI
USLM
USLM
Q4 25
0.00×
0.00×
Q3 25
0.00×
0.00×
Q2 25
0.00×
0.00×
Q1 25
0.00×
Q4 24
0.00×
0.00×
Q3 24
0.18×
0.00×
Q2 24
0.30×
0.00×
Q1 24
0.36×
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$-51.4M
$45.6M
Free Cash FlowOCF − Capex
$-52.2M
$25.7M
FCF MarginFCF / Revenue
-60.3%
29.2%
Capex IntensityCapex / Revenue
0.9%
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTI
ALTI
USLM
USLM
Q4 25
$-51.4M
$45.6M
Q3 25
$-53.5M
$45.9M
Q2 25
$-19.9M
$34.0M
Q1 25
$-30.2M
$39.4M
Q4 24
$-50.7M
$38.6M
Q3 24
$-4.9M
$39.0M
Q2 24
$-30.2M
$21.2M
Q1 24
$-15.5M
$27.2M
Free Cash Flow
ALTI
ALTI
USLM
USLM
Q4 25
$-52.2M
$25.7M
Q3 25
$31.3M
Q2 25
$-20.0M
$20.8M
Q1 25
$-31.0M
$24.6M
Q4 24
$-58.2M
$27.6M
Q3 24
$-9.4M
$33.9M
Q2 24
$-31.2M
$16.8M
Q1 24
$-15.7M
$20.3M
FCF Margin
ALTI
ALTI
USLM
USLM
Q4 25
-60.3%
29.2%
Q3 25
30.7%
Q2 25
-37.6%
22.7%
Q1 25
-53.4%
26.9%
Q4 24
-125.7%
34.4%
Q3 24
-18.2%
37.9%
Q2 24
-63.2%
21.9%
Q1 24
-30.9%
28.4%
Capex Intensity
ALTI
ALTI
USLM
USLM
Q4 25
0.9%
22.6%
Q3 25
0.0%
14.4%
Q2 25
0.0%
14.5%
Q1 25
1.3%
16.3%
Q4 24
16.3%
13.8%
Q3 24
8.7%
5.8%
Q2 24
2.2%
5.7%
Q1 24
0.4%
9.5%
Cash Conversion
ALTI
ALTI
USLM
USLM
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
-15.80×
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
-0.52×
1.21×

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%

USLM
USLM

Segment breakdown not available.

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