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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Clarus Corp (CLAR). 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 $65.4M, roughly 1.1× Clarus Corp). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -47.8%, a 87.7% 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 -8.4%). Over the past eight quarters, Clarus Corp's revenue compounded faster (-2.9% 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.
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
ARI vs CLAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $65.4M |
| Net Profit | $29.2M | $-31.3M |
| Gross Margin | — | 27.7% |
| Operating Margin | 39.7% | -59.6% |
| Net Margin | 39.9% | -47.8% |
| Revenue YoY | 4.0% | -8.4% |
| Net Profit YoY | -28.2% | 52.3% |
| EPS (diluted) | $0.19 | $-0.81 |
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 | $65.4M | ||
| Q3 25 | $61.6M | $69.3M | ||
| Q2 25 | $70.9M | $55.2M | ||
| Q1 25 | $65.8M | $60.4M | ||
| Q4 24 | $70.5M | $71.4M | ||
| Q3 24 | $71.6M | $67.1M | ||
| Q2 24 | $81.1M | $56.5M | ||
| Q1 24 | $80.5M | $69.3M |
| Q4 25 | $29.2M | $-31.3M | ||
| Q3 25 | $50.8M | $-1.6M | ||
| Q2 25 | $20.7M | $-8.4M | ||
| Q1 25 | $26.0M | $-5.2M | ||
| Q4 24 | $40.7M | $-65.5M | ||
| Q3 24 | $-91.5M | $-3.2M | ||
| Q2 24 | $35.8M | $-5.5M | ||
| Q1 24 | $-104.5M | $21.9M |
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 35.9% |
| Q4 25 | 39.7% | -59.6% | ||
| Q3 25 | 82.8% | -4.4% | ||
| Q2 25 | 29.4% | -19.7% | ||
| Q1 25 | 39.7% | -11.2% | ||
| Q4 24 | 57.9% | -70.2% | ||
| Q3 24 | -127.8% | -8.0% | ||
| Q2 24 | 44.2% | -14.4% | ||
| Q1 24 | -129.6% | -9.8% |
| Q4 25 | 39.9% | -47.8% | ||
| Q3 25 | 82.4% | -2.3% | ||
| Q2 25 | 29.3% | -15.3% | ||
| Q1 25 | 39.5% | -8.7% | ||
| Q4 24 | 57.7% | -91.8% | ||
| Q3 24 | -127.9% | -4.7% | ||
| Q2 24 | 44.1% | -9.7% | ||
| Q1 24 | -129.8% | 31.6% |
| Q4 25 | $0.19 | $-0.81 | ||
| Q3 25 | $0.34 | $-0.04 | ||
| Q2 25 | $0.12 | $-0.22 | ||
| Q1 25 | $0.16 | $-0.14 | ||
| Q4 24 | $0.25 | $-1.72 | ||
| Q3 24 | $-0.69 | $-0.08 | ||
| Q2 24 | $0.23 | $-0.14 | ||
| Q1 24 | $-0.76 | $0.57 |
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 | $36.7M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $1.9B | $196.4M |
| Total Assets | $9.9B | $249.0M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $36.7M | ||
| Q3 25 | $245.9M | $29.5M | ||
| Q2 25 | $177.6M | $28.5M | ||
| Q1 25 | $166.4M | $41.3M | ||
| Q4 24 | $317.4M | $45.4M | ||
| Q3 24 | $194.3M | $36.4M | ||
| Q2 24 | $174.7M | $46.2M | ||
| Q1 24 | $161.2M | $47.5M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $37.0K |
| Q4 25 | $1.9B | $196.4M | ||
| Q3 25 | $1.9B | $225.8M | ||
| Q2 25 | $1.8B | $225.1M | ||
| Q1 25 | $1.9B | $229.3M | ||
| Q4 24 | $1.9B | $233.1M | ||
| Q3 24 | $1.9B | $308.5M | ||
| Q2 24 | $2.0B | $307.3M | ||
| Q1 24 | $2.0B | $310.4M |
| Q4 25 | $9.9B | $249.0M | ||
| Q3 25 | $9.5B | $283.1M | ||
| Q2 25 | $9.8B | $286.5M | ||
| Q1 25 | $8.8B | $292.8M | ||
| Q4 24 | $8.4B | $294.1M | ||
| Q3 24 | $9.1B | $375.3M | ||
| Q2 24 | $9.3B | $369.4M | ||
| Q1 24 | $9.2B | $377.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $12.5M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 17.7% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $12.5M | ||
| Q3 25 | $31.7M | $-5.7M | ||
| Q2 25 | $63.2M | $-9.4M | ||
| Q1 25 | $39.3M | $-2.1M | ||
| Q4 24 | $200.3M | $16.6M | ||
| Q3 24 | $47.2M | $-8.3M | ||
| Q2 24 | $50.2M | $834.0K | ||
| Q1 24 | $52.8M | $-16.4M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | — | $-3.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | — | $-9.4M | ||
| Q2 24 | — | $-744.0K | ||
| Q1 24 | — | $-18.3M |
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | -10.0% | ||
| Q2 25 | — | -20.4% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | 20.1% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -1.3% | ||
| Q1 24 | — | -26.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | -0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
