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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and CHIMERA INVESTMENT CORP (CIM). Click either name above to swap in a different company.
Apollo Commercial Real Estate Finance, Inc. is the larger business by last-quarter revenue ($73.3M vs $66.2M, roughly 1.1× CHIMERA INVESTMENT CORP). CHIMERA INVESTMENT CORP runs the higher net margin — 42.8% vs 39.9%, a 3.0% gap on every dollar of revenue. On growth, Apollo Commercial Real Estate Finance, Inc. posted the faster year-over-year revenue change (4.0% vs 0.5%). Over the past eight quarters, CHIMERA INVESTMENT CORP's revenue compounded faster (0.8% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
Chimera Investment Corp is a US-based real estate investment trust (REIT) primarily investing in residential mortgage-backed securities, residential and commercial mortgage loans, and other real estate-related financial assets. It delivers sustainable risk-adjusted returns for shareholders via regular dividend distributions from its investment portfolio.
ARI vs CIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $66.2M |
| Net Profit | $29.2M | $28.3M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | 42.6% |
| Net Margin | 39.9% | 42.8% |
| Revenue YoY | 4.0% | 0.5% |
| Net Profit YoY | -28.2% | 119.3% |
| EPS (diluted) | $0.19 | $0.05 |
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 | $73.3M | $66.2M | ||
| Q3 25 | $61.6M | $65.0M | ||
| Q2 25 | $70.9M | $66.0M | ||
| Q1 25 | $65.8M | $69.2M | ||
| Q4 24 | $70.5M | $65.8M | ||
| Q3 24 | $71.6M | $66.5M | ||
| Q2 24 | $81.1M | $67.3M | ||
| Q1 24 | $80.5M | $65.1M |
| Q4 25 | $29.2M | $28.3M | ||
| Q3 25 | $50.8M | $-580.0K | ||
| Q2 25 | $20.7M | $35.5M | ||
| Q1 25 | $26.0M | $167.3M | ||
| Q4 24 | $40.7M | $-146.5M | ||
| Q3 24 | $-91.5M | $136.5M | ||
| Q2 24 | $35.8M | $56.7M | ||
| Q1 24 | $-104.5M | $129.5M |
| Q4 25 | 39.7% | 42.6% | ||
| Q3 25 | 82.8% | -0.5% | ||
| Q2 25 | 29.4% | 54.3% | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 57.9% | -222.6% | ||
| Q3 24 | -127.8% | — | ||
| Q2 24 | 44.2% | 84.2% | ||
| Q1 24 | -129.6% | — |
| Q4 25 | 39.9% | 42.8% | ||
| Q3 25 | 82.4% | -0.9% | ||
| Q2 25 | 29.3% | 53.7% | ||
| Q1 25 | 39.5% | 241.7% | ||
| Q4 24 | 57.7% | -222.6% | ||
| Q3 24 | -127.9% | 205.4% | ||
| Q2 24 | 44.1% | 84.2% | ||
| Q1 24 | -129.8% | 198.8% |
| Q4 25 | $0.19 | $0.05 | ||
| Q3 25 | $0.34 | $-0.27 | ||
| Q2 25 | $0.12 | $0.17 | ||
| Q1 25 | $0.16 | $1.77 | ||
| Q4 24 | $0.25 | $-2.06 | ||
| Q3 24 | $-0.69 | $1.39 | ||
| Q2 24 | $0.23 | $0.41 | ||
| Q1 24 | $-0.76 | $1.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $278.6M |
| Total DebtLower is stronger | — | $251.5M |
| Stockholders' EquityBook value | $1.9B | $2.6B |
| Total Assets | $9.9B | $15.8B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $278.6M | ||
| Q3 25 | $245.9M | $491.5M | ||
| Q2 25 | $177.6M | $250.2M | ||
| Q1 25 | $166.4M | $253.3M | ||
| Q4 24 | $317.4M | $84.0M | ||
| Q3 24 | $194.3M | $97.3M | ||
| Q2 24 | $174.7M | $162.3M | ||
| Q1 24 | $161.2M | $169.0M |
| Q4 25 | — | $251.5M | ||
| Q3 25 | — | $251.0M | ||
| Q2 25 | — | $135.2M | ||
| Q1 25 | — | $134.9M | ||
| Q4 24 | — | $134.6M | ||
| Q3 24 | — | $134.4M | ||
| Q2 24 | — | $62.4M | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $2.6B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $1.8B | $2.6B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $1.9B | $2.5B | ||
| Q3 24 | $1.9B | $2.7B | ||
| Q2 24 | $2.0B | $2.6B | ||
| Q1 24 | $2.0B | $2.6B |
| Q4 25 | $9.9B | $15.8B | ||
| Q3 25 | $9.5B | $15.1B | ||
| Q2 25 | $9.8B | $14.9B | ||
| Q1 25 | $8.8B | $13.2B | ||
| Q4 24 | $8.4B | $13.1B | ||
| Q3 24 | $9.1B | $13.7B | ||
| Q2 24 | $9.3B | $13.1B | ||
| Q1 24 | $9.2B | $12.5B |
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | — |
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 | $142.5M | $-248.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | -8.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $-248.9M | ||
| Q3 25 | $31.7M | $-137.5M | ||
| Q2 25 | $63.2M | $-7.4M | ||
| Q1 25 | $39.3M | $48.8M | ||
| Q4 24 | $200.3M | $205.7M | ||
| Q3 24 | $47.2M | $41.4M | ||
| Q2 24 | $50.2M | $69.0M | ||
| Q1 24 | $52.8M | $57.3M |
| Q4 25 | 4.88× | -8.78× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | -0.21× | ||
| Q1 25 | 1.51× | 0.29× | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | 1.40× | 1.22× | ||
| Q1 24 | — | 0.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
