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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Chatham Lodging Trust (CLDT). 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 $67.7M, roughly 1.1× Chatham Lodging Trust). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 6.8%, a 33.1% 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 -9.8%). Over the past eight quarters, Chatham Lodging Trust's revenue compounded faster (-0.5% 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.
Chatham Lodging Trust is a publicly traded real estate investment trust that invests in, owns, and operates upscale extended-stay and select-service premium hotel properties primarily across high-demand urban and suburban markets in the United States. Its portfolio targets assets with strong occupancy rates and steady cash flow from business and leisure traveler segments.
ARI vs CLDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $67.7M |
| Net Profit | $29.2M | $4.6M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | 15.9% |
| Net Margin | 39.9% | 6.8% |
| Revenue YoY | 4.0% | -9.8% |
| Net Profit YoY | -28.2% | 369.9% |
| 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 | $67.7M | ||
| Q3 25 | $61.6M | $78.4M | ||
| Q2 25 | $70.9M | $80.3M | ||
| Q1 25 | $65.8M | $68.6M | ||
| Q4 24 | $70.5M | $75.1M | ||
| Q3 24 | $71.6M | $87.2M | ||
| Q2 24 | $81.1M | $86.5M | ||
| Q1 24 | $80.5M | $68.4M |
| Q4 25 | $29.2M | $4.6M | ||
| Q3 25 | $50.8M | $3.5M | ||
| Q2 25 | $20.7M | $5.4M | ||
| Q1 25 | $26.0M | $1.5M | ||
| Q4 24 | $40.7M | $-1.7M | ||
| Q3 24 | $-91.5M | $4.3M | ||
| Q2 24 | $35.8M | $6.8M | ||
| Q1 24 | $-104.5M | $-5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 40.7% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 46.1% | ||
| Q1 24 | — | 38.9% |
| Q4 25 | 39.7% | 15.9% | ||
| Q3 25 | 82.8% | 12.7% | ||
| Q2 25 | 29.4% | 14.8% | ||
| Q1 25 | 39.7% | 12.1% | ||
| Q4 24 | 57.9% | 7.5% | ||
| Q3 24 | -127.8% | 14.3% | ||
| Q2 24 | 44.2% | 16.3% | ||
| Q1 24 | -129.6% | 1.4% |
| Q4 25 | 39.9% | 6.8% | ||
| Q3 25 | 82.4% | 4.5% | ||
| Q2 25 | 29.3% | 6.7% | ||
| Q1 25 | 39.5% | 2.2% | ||
| Q4 24 | 57.7% | -2.3% | ||
| Q3 24 | -127.9% | 4.9% | ||
| Q2 24 | 44.1% | 7.9% | ||
| Q1 24 | -129.8% | -7.6% |
| Q4 25 | $0.19 | $0.05 | ||
| Q3 25 | $0.34 | $0.03 | ||
| Q2 25 | $0.12 | $0.07 | ||
| Q1 25 | $0.16 | $-0.01 | ||
| Q4 24 | $0.25 | $-0.08 | ||
| Q3 24 | $-0.69 | $0.05 | ||
| Q2 24 | $0.23 | $0.10 | ||
| Q1 24 | $-0.76 | $-0.15 |
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 | $24.4M |
| Total DebtLower is stronger | — | $338.9M |
| Stockholders' EquityBook value | $1.9B | $740.8M |
| Total Assets | $9.9B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $24.4M | ||
| Q3 25 | $245.9M | $13.2M | ||
| Q2 25 | $177.6M | $17.2M | ||
| Q1 25 | $166.4M | $18.6M | ||
| Q4 24 | $317.4M | $20.2M | ||
| Q3 24 | $194.3M | $19.3M | ||
| Q2 24 | $174.7M | $10.6M | ||
| Q1 24 | $161.2M | $72.3M |
| Q4 25 | — | $338.9M | ||
| Q3 25 | — | $338.8M | ||
| Q2 25 | — | $351.2M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | — | $406.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $740.8M | ||
| Q3 25 | $1.9B | $749.4M | ||
| Q2 25 | $1.8B | $754.1M | ||
| Q1 25 | $1.9B | $754.7M | ||
| Q4 24 | $1.9B | $758.2M | ||
| Q3 24 | $1.9B | $765.3M | ||
| Q2 24 | $2.0B | $766.5M | ||
| Q1 24 | $2.0B | $765.0M |
| Q4 25 | $9.9B | $1.2B | ||
| Q3 25 | $9.5B | $1.2B | ||
| Q2 25 | $9.8B | $1.2B | ||
| Q1 25 | $8.8B | $1.2B | ||
| Q4 24 | $8.4B | $1.3B | ||
| Q3 24 | $9.1B | $1.3B | ||
| Q2 24 | $9.3B | $1.3B | ||
| Q1 24 | $9.2B | $1.3B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $64.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | 13.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $64.1M | ||
| Q3 25 | $31.7M | $25.6M | ||
| Q2 25 | $63.2M | $22.1M | ||
| Q1 25 | $39.3M | $4.2M | ||
| Q4 24 | $200.3M | $73.8M | ||
| Q3 24 | $47.2M | $28.8M | ||
| Q2 24 | $50.2M | $25.2M | ||
| Q1 24 | $52.8M | $6.9M |
| Q4 25 | 4.88× | 13.90× | ||
| Q3 25 | 0.62× | 7.24× | ||
| Q2 25 | 3.05× | 4.10× | ||
| Q1 25 | 1.51× | 2.73× | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 6.78× | ||
| Q2 24 | 1.40× | 3.68× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
CLDT
| Occupancy | $61.5M | 91% |
| Hotel Other | $4.2M | 6% |
| Food And Beverage | $1.8M | 3% |
| Hotel | $1.1M | 2% |
