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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.
Four Corners Property Trust, Inc. is the larger business by last-quarter revenue ($75.7M vs $73.3M, roughly 1.0× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 38.9%, a 1.0% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (10.7% vs 4.0%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (6.7% 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.
Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.
ARI vs FCPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $75.7M |
| Net Profit | $29.2M | $29.4M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | — |
| Net Margin | 39.9% | 38.9% |
| Revenue YoY | 4.0% | 10.7% |
| Net Profit YoY | -28.2% | 12.5% |
| EPS (diluted) | $0.19 | $0.27 |
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 | $75.7M | ||
| Q3 25 | $61.6M | $74.1M | ||
| Q2 25 | $70.9M | $72.8M | ||
| Q1 25 | $65.8M | $71.5M | ||
| Q4 24 | $70.5M | $68.3M | ||
| Q3 24 | $71.6M | $66.8M | ||
| Q2 24 | $81.1M | $66.5M | ||
| Q1 24 | $80.5M | $66.5M |
| Q4 25 | $29.2M | $29.4M | ||
| Q3 25 | $50.8M | $28.8M | ||
| Q2 25 | $20.7M | $27.9M | ||
| Q1 25 | $26.0M | $26.2M | ||
| Q4 24 | $40.7M | $26.2M | ||
| Q3 24 | $-91.5M | $25.6M | ||
| Q2 24 | $35.8M | $24.7M | ||
| Q1 24 | $-104.5M | $24.0M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 82.8% | — | ||
| Q2 25 | 29.4% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | -127.8% | — | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | -129.6% | — |
| Q4 25 | 39.9% | 38.9% | ||
| Q3 25 | 82.4% | 38.9% | ||
| Q2 25 | 29.3% | 38.3% | ||
| Q1 25 | 39.5% | 36.6% | ||
| Q4 24 | 57.7% | 38.3% | ||
| Q3 24 | -127.9% | 38.3% | ||
| Q2 24 | 44.1% | 37.1% | ||
| Q1 24 | -129.8% | 36.2% |
| Q4 25 | $0.19 | $0.27 | ||
| Q3 25 | $0.34 | $0.28 | ||
| Q2 25 | $0.12 | $0.28 | ||
| Q1 25 | $0.16 | $0.26 | ||
| Q4 24 | $0.25 | $0.27 | ||
| Q3 24 | $-0.69 | $0.27 | ||
| Q2 24 | $0.23 | $0.27 | ||
| Q1 24 | $-0.76 | $0.26 |
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 | $12.1M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $1.9B | $1.6B |
| Total Assets | $9.9B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $12.1M | ||
| Q3 25 | $245.9M | $6.7M | ||
| Q2 25 | $177.6M | $6.0M | ||
| Q1 25 | $166.4M | $22.3M | ||
| Q4 24 | $317.4M | $4.1M | ||
| Q3 24 | $194.3M | $44.5M | ||
| Q2 24 | $174.7M | $17.2M | ||
| Q1 24 | $161.2M | $26.1M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $2.0B | $1.3B | ||
| Q1 24 | $2.0B | $1.3B |
| Q4 25 | $9.9B | $2.9B | ||
| Q3 25 | $9.5B | $2.8B | ||
| Q2 25 | $9.8B | $2.8B | ||
| Q1 25 | $8.8B | $2.7B | ||
| Q4 24 | $8.4B | $2.7B | ||
| Q3 24 | $9.1B | $2.6B | ||
| Q2 24 | $9.3B | $2.5B | ||
| Q1 24 | $9.2B | $2.5B |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.89× |
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 | $192.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | 6.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $192.3M | ||
| Q3 25 | $31.7M | $48.9M | ||
| Q2 25 | $63.2M | $43.8M | ||
| Q1 25 | $39.3M | $51.6M | ||
| Q4 24 | $200.3M | $144.1M | ||
| Q3 24 | $47.2M | $43.4M | ||
| Q2 24 | $50.2M | $39.7M | ||
| Q1 24 | $52.8M | $27.6M |
| Q4 25 | 4.88× | 6.53× | ||
| Q3 25 | 0.62× | 1.70× | ||
| Q2 25 | 3.05× | 1.57× | ||
| Q1 25 | 1.51× | 1.97× | ||
| Q4 24 | 4.93× | 5.51× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | 1.40× | 1.61× | ||
| Q1 24 | — | 1.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
