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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and IBEX Ltd (IBEX). Click either name above to swap in a different company.

Apple Hospitality REIT, Inc. is the larger business by last-quarter revenue ($326.4M vs $164.2M, roughly 2.0× IBEX Ltd). Apple Hospitality REIT, Inc. runs the higher net margin — 9.1% vs 7.4%, a 1.6% gap on every dollar of revenue. On growth, IBEX Ltd posted the faster year-over-year revenue change (16.7% vs -2.0%). Apple Hospitality REIT, Inc. produced more free cash flow last quarter ($282.0M vs $-5.1M). Over the past eight quarters, IBEX Ltd's revenue compounded faster (13.8% CAGR vs -0.5%).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

The IBEX 35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets. It is a market capitalization-weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures con...

APLE vs IBEX — Head-to-Head

Bigger by revenue
APLE
APLE
2.0× larger
APLE
$326.4M
$164.2M
IBEX
Growing faster (revenue YoY)
IBEX
IBEX
+18.7% gap
IBEX
16.7%
-2.0%
APLE
Higher net margin
APLE
APLE
1.6% more per $
APLE
9.1%
7.4%
IBEX
More free cash flow
APLE
APLE
$287.1M more FCF
APLE
$282.0M
$-5.1M
IBEX
Faster 2-yr revenue CAGR
IBEX
IBEX
Annualised
IBEX
13.8%
-0.5%
APLE

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
APLE
APLE
IBEX
IBEX
Revenue
$326.4M
$164.2M
Net Profit
$29.6M
$12.2M
Gross Margin
37.2%
Operating Margin
15.2%
9.3%
Net Margin
9.1%
7.4%
Revenue YoY
-2.0%
16.7%
Net Profit YoY
-0.7%
31.8%
EPS (diluted)
$0.13
$0.83

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
APLE
APLE
IBEX
IBEX
Q4 25
$326.4M
$164.2M
Q3 25
$373.9M
$151.2M
Q2 25
$384.4M
$147.1M
Q1 25
$327.7M
$140.7M
Q4 24
$333.0M
$140.7M
Q3 24
$378.8M
$129.7M
Q2 24
$390.1M
$124.5M
Q1 24
$329.5M
$126.8M
Net Profit
APLE
APLE
IBEX
IBEX
Q4 25
$29.6M
$12.2M
Q3 25
$50.9M
$12.0M
Q2 25
$63.6M
$9.6M
Q1 25
$31.2M
$10.5M
Q4 24
$29.8M
$9.3M
Q3 24
$56.3M
$7.5M
Q2 24
$73.9M
$9.8M
Q1 24
$54.0M
$10.3M
Gross Margin
APLE
APLE
IBEX
IBEX
Q4 25
37.2%
Q3 25
40.6%
Q2 25
42.6%
Q1 25
39.0%
Q4 24
38.6%
Q3 24
41.9%
Q2 24
44.6%
Q1 24
40.1%
Operating Margin
APLE
APLE
IBEX
IBEX
Q4 25
15.2%
9.3%
Q3 25
19.4%
9.1%
Q2 25
22.1%
8.3%
Q1 25
15.5%
9.5%
Q4 24
15.0%
8.5%
Q3 24
20.5%
7.0%
Q2 24
24.0%
10.3%
Q1 24
21.7%
8.9%
Net Margin
APLE
APLE
IBEX
IBEX
Q4 25
9.1%
7.4%
Q3 25
13.6%
8.0%
Q2 25
16.6%
6.5%
Q1 25
9.5%
7.4%
Q4 24
9.0%
6.6%
Q3 24
14.9%
5.8%
Q2 24
19.0%
7.9%
Q1 24
16.4%
8.1%
EPS (diluted)
APLE
APLE
IBEX
IBEX
Q4 25
$0.13
$0.83
Q3 25
$0.21
$0.82
Q2 25
$0.27
$0.63
Q1 25
$0.13
$0.73
Q4 24
$0.13
$0.57
Q3 24
$0.23
$0.43
Q2 24
$0.31
$0.55
Q1 24
$0.22
$0.57

Balance Sheet & Financial Strength

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

Metric
APLE
APLE
IBEX
IBEX
Cash + ST InvestmentsLiquidity on hand
$8.5M
$15.5M
Total DebtLower is stronger
$1.5B
$594.0K
Stockholders' EquityBook value
$3.1B
$154.5M
Total Assets
$4.9B
$295.8M
Debt / EquityLower = less leverage
0.49×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
IBEX
IBEX
Q4 25
$8.5M
$15.5M
Q3 25
$50.3M
$22.7M
Q2 25
$7.9M
$15.3M
Q1 25
$14.9M
$13.0M
Q4 24
$10.3M
$20.2M
Q3 24
$6.1M
$62.3M
Q2 24
$7.2M
$62.7M
Q1 24
$4.9M
$50.7M
Total Debt
APLE
APLE
IBEX
IBEX
Q4 25
$1.5B
$594.0K
Q3 25
$1.5B
$726.0K
Q2 25
$1.5B
$796.0K
Q1 25
$1.5B
$735.0K
Q4 24
$1.5B
$695.0K
Q3 24
$1.5B
$802.0K
Q2 24
$1.5B
$867.0K
Q1 24
$1.5B
$820.0K
Stockholders' Equity
APLE
APLE
IBEX
IBEX
Q4 25
$3.1B
$154.5M
Q3 25
$3.2B
$143.6M
Q2 25
$3.2B
$134.3M
Q1 25
$3.2B
$124.2M
Q4 24
$3.3B
$108.9M
Q3 24
$3.3B
$171.1M
Q2 24
$3.3B
$165.8M
Q1 24
$3.3B
$159.3M
Total Assets
APLE
APLE
IBEX
IBEX
Q4 25
$4.9B
$295.8M
Q3 25
$4.9B
$283.9M
Q2 25
$4.9B
$273.2M
Q1 25
$4.9B
$274.7M
Q4 24
$5.0B
$272.5M
Q3 24
$5.0B
$306.3M
Q2 24
$5.1B
$293.9M
Q1 24
$5.0B
$289.6M
Debt / Equity
APLE
APLE
IBEX
IBEX
Q4 25
0.49×
0.00×
Q3 25
0.47×
0.01×
Q2 25
0.48×
0.01×
Q1 25
0.48×
0.01×
Q4 24
0.45×
0.01×
Q3 24
0.46×
0.00×
Q2 24
0.46×
0.01×
Q1 24
0.45×
0.01×

Cash Flow & Capital Efficiency

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

Metric
APLE
APLE
IBEX
IBEX
Operating Cash FlowLast quarter
$370.2M
$6.6M
Free Cash FlowOCF − Capex
$282.0M
$-5.1M
FCF MarginFCF / Revenue
86.4%
-3.1%
Capex IntensityCapex / Revenue
27.0%
7.1%
Cash ConversionOCF / Net Profit
12.50×
0.54×
TTM Free Cash FlowTrailing 4 quarters
$516.8M
$29.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLE
APLE
IBEX
IBEX
Q4 25
$370.2M
$6.6M
Q3 25
$126.4M
$15.7M
Q2 25
$108.8M
$27.9M
Q1 25
$49.1M
$8.8M
Q4 24
$405.4M
$1.1M
Q3 24
$128.2M
$7.8M
Q2 24
$127.3M
$17.4M
Q1 24
$54.7M
$11.4M
Free Cash Flow
APLE
APLE
IBEX
IBEX
Q4 25
$282.0M
$-5.1M
Q3 25
$109.0M
$8.0M
Q2 25
$96.2M
$22.8M
Q1 25
$29.5M
$3.6M
Q4 24
$327.1M
$-3.2M
Q3 24
$113.1M
$4.1M
Q2 24
$115.0M
$15.2M
Q1 24
$34.4M
$9.7M
FCF Margin
APLE
APLE
IBEX
IBEX
Q4 25
86.4%
-3.1%
Q3 25
29.2%
5.3%
Q2 25
25.0%
15.5%
Q1 25
9.0%
2.5%
Q4 24
98.2%
-2.3%
Q3 24
29.9%
3.2%
Q2 24
29.5%
12.2%
Q1 24
10.4%
7.7%
Capex Intensity
APLE
APLE
IBEX
IBEX
Q4 25
27.0%
7.1%
Q3 25
4.7%
5.1%
Q2 25
3.3%
3.5%
Q1 25
6.0%
3.7%
Q4 24
23.5%
3.1%
Q3 24
4.0%
2.8%
Q2 24
3.2%
1.8%
Q1 24
6.2%
1.3%
Cash Conversion
APLE
APLE
IBEX
IBEX
Q4 25
12.50×
0.54×
Q3 25
2.49×
1.30×
Q2 25
1.71×
2.91×
Q1 25
1.57×
0.84×
Q4 24
13.59×
0.12×
Q3 24
2.28×
1.03×
Q2 24
1.72×
1.77×
Q1 24
1.01×
1.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APLE
APLE

Occupancy$293.0M90%
Hotel Other$17.2M5%
Food And Beverage$16.3M5%

IBEX
IBEX

Transferred Over Time$147.1M90%
Transferred At Point In Time$17.1M10%

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