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Side-by-side financial comparison of StoneBridge Acquisition II Corp (APAC) and TIPTREE INC. (TIPT). Click either name above to swap in a different company.

TIPTREE INC. runs the higher net margin — -0.2% vs -307242.1%, a 307241.9% gap on every dollar of revenue.

Tiptree Inc. is a diversified holding company operating across core segments including specialty insurance, asset management, commercial and consumer finance, and real estate. It primarily serves North American markets, catering to both retail customers and institutional clients via its subsidiary network to deliver tailored financial and real asset solutions for varied stakeholder needs.

APAC vs TIPT — Head-to-Head

Bigger by revenue
APAC
APAC
-0.0× larger
APAC
$19
$-1.6B
TIPT
Higher net margin
TIPT
TIPT
307241.9% more per $
TIPT
-0.2%
-307242.1%
APAC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
APAC
APAC
TIPT
TIPT
Revenue
$19
$-1.6B
Net Profit
$-58.4K
$3.9M
Gross Margin
Operating Margin
Net Margin
-307242.1%
-0.2%
Revenue YoY
-2127.0%
Net Profit YoY
-80.0%
EPS (diluted)
$0.13

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
APAC
APAC
TIPT
TIPT
Q4 25
$-1.6B
Q3 25
$19
$540.3M
Q2 25
$528.8M
Q1 25
$497.4M
Q4 24
$366.7M
Q3 24
$494.4M
Q2 24
$546.7M
Q1 24
$498.2M
Net Profit
APAC
APAC
TIPT
TIPT
Q4 25
$3.9M
Q3 25
$-58.4K
$6.4M
Q2 25
$19.0M
Q1 25
$5.6M
Q4 24
$19.6M
Q3 24
$11.9M
Q2 24
$12.9M
Q1 24
$9.1M
Operating Margin
APAC
APAC
TIPT
TIPT
Q4 25
Q3 25
7.1%
Q2 25
10.0%
Q1 25
5.1%
Q4 24
-188.6%
Q3 24
7.4%
Q2 24
7.4%
Q1 24
6.0%
Net Margin
APAC
APAC
TIPT
TIPT
Q4 25
-0.2%
Q3 25
-307242.1%
1.2%
Q2 25
3.6%
Q1 25
1.1%
Q4 24
5.3%
Q3 24
2.4%
Q2 24
2.4%
Q1 24
1.8%
EPS (diluted)
APAC
APAC
TIPT
TIPT
Q4 25
$0.13
Q3 25
$0.13
Q2 25
$0.37
Q1 25
$0.13
Q4 24
$0.52
Q3 24
$0.29
Q2 24
$0.31
Q1 24
$0.22

Balance Sheet & Financial Strength

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

Metric
APAC
APAC
TIPT
TIPT
Cash + ST InvestmentsLiquidity on hand
$52.5M
Total DebtLower is stronger
$63.9M
Stockholders' EquityBook value
$-40.9K
$508.6M
Total Assets
$501.1K
$6.8B
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APAC
APAC
TIPT
TIPT
Q4 25
$52.5M
Q3 25
$366.1M
Q2 25
$383.8M
Q1 25
$342.3M
Q4 24
$34.5M
Q3 24
$396.2M
Q2 24
$497.3M
Q1 24
$474.6M
Total Debt
APAC
APAC
TIPT
TIPT
Q4 25
$63.9M
Q3 25
$507.6M
Q2 25
$493.0M
Q1 25
$495.3M
Q4 24
$427.1M
Q3 24
$388.5M
Q2 24
$387.3M
Q1 24
$405.8M
Stockholders' Equity
APAC
APAC
TIPT
TIPT
Q4 25
$508.6M
Q3 25
$-40.9K
$505.2M
Q2 25
$499.8M
Q1 25
$473.7M
Q4 24
$457.7M
Q3 24
$461.9M
Q2 24
$436.4M
Q1 24
$424.7M
Total Assets
APAC
APAC
TIPT
TIPT
Q4 25
$6.8B
Q3 25
$501.1K
$6.4B
Q2 25
$6.1B
Q1 25
$5.8B
Q4 24
$5.7B
Q3 24
$5.5B
Q2 24
$5.3B
Q1 24
$5.2B
Debt / Equity
APAC
APAC
TIPT
TIPT
Q4 25
0.13×
Q3 25
1.00×
Q2 25
0.99×
Q1 25
1.05×
Q4 24
0.93×
Q3 24
0.84×
Q2 24
0.89×
Q1 24
0.96×

Cash Flow & Capital Efficiency

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

Metric
APAC
APAC
TIPT
TIPT
Operating Cash FlowLast quarter
$187.2K
$168.2M
Free Cash FlowOCF − Capex
$40.5M
FCF MarginFCF / Revenue
-2.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
43.01×
TTM Free Cash FlowTrailing 4 quarters
$159.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APAC
APAC
TIPT
TIPT
Q4 25
$168.2M
Q3 25
$187.2K
$135.4M
Q2 25
$21.3M
Q1 25
$-33.3M
Q4 24
$240.8M
Q3 24
$61.2M
Q2 24
$46.9M
Q1 24
$62.7M
Free Cash Flow
APAC
APAC
TIPT
TIPT
Q4 25
$40.5M
Q3 25
$133.4M
Q2 25
$20.1M
Q1 25
$-34.4M
Q4 24
$240.7M
Q3 24
$60.7M
Q2 24
$46.0M
Q1 24
$61.9M
FCF Margin
APAC
APAC
TIPT
TIPT
Q4 25
-2.6%
Q3 25
24.7%
Q2 25
3.8%
Q1 25
-6.9%
Q4 24
65.7%
Q3 24
12.3%
Q2 24
8.4%
Q1 24
12.4%
Capex Intensity
APAC
APAC
TIPT
TIPT
Q4 25
0.0%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
APAC
APAC
TIPT
TIPT
Q4 25
43.01×
Q3 25
21.09×
Q2 25
1.12×
Q1 25
-5.91×
Q4 24
12.31×
Q3 24
5.14×
Q2 24
3.65×
Q1 24
6.93×

Financial Flow Comparison

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

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