vs
Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and JFrog Ltd (FROG). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $73.3M, roughly 2.0× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -10.5%, a 50.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 4.0%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% 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.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
ARI vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $145.3M |
| Net Profit | $29.2M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | 39.7% | -14.7% |
| Net Margin | 39.9% | -10.5% |
| Revenue YoY | 4.0% | 25.2% |
| Net Profit YoY | -28.2% | 34.4% |
| EPS (diluted) | $0.19 | $-0.13 |
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 | $145.3M | ||
| Q3 25 | $61.6M | $136.9M | ||
| Q2 25 | $70.9M | $127.2M | ||
| Q1 25 | $65.8M | $122.4M | ||
| Q4 24 | $70.5M | $116.1M | ||
| Q3 24 | $71.6M | $109.1M | ||
| Q2 24 | $81.1M | $103.0M | ||
| Q1 24 | $80.5M | $100.3M |
| Q4 25 | $29.2M | $-15.2M | ||
| Q3 25 | $50.8M | $-16.4M | ||
| Q2 25 | $20.7M | $-21.7M | ||
| Q1 25 | $26.0M | $-18.5M | ||
| Q4 24 | $40.7M | $-23.2M | ||
| Q3 24 | $-91.5M | $-22.9M | ||
| Q2 24 | $35.8M | $-14.3M | ||
| Q1 24 | $-104.5M | $-8.8M |
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.4% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.3% | ||
| Q4 24 | — | 75.4% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 39.7% | -14.7% | ||
| Q3 25 | 82.8% | -15.8% | ||
| Q2 25 | 29.4% | -20.4% | ||
| Q1 25 | 39.7% | -18.8% | ||
| Q4 24 | 57.9% | -21.9% | ||
| Q3 24 | -127.8% | -27.4% | ||
| Q2 24 | 44.2% | -18.6% | ||
| Q1 24 | -129.6% | -16.6% |
| Q4 25 | 39.9% | -10.5% | ||
| Q3 25 | 82.4% | -12.0% | ||
| Q2 25 | 29.3% | -17.0% | ||
| Q1 25 | 39.5% | -15.1% | ||
| Q4 24 | 57.7% | -20.0% | ||
| Q3 24 | -127.9% | -21.0% | ||
| Q2 24 | 44.1% | -13.9% | ||
| Q1 24 | -129.8% | -8.8% |
| Q4 25 | $0.19 | $-0.13 | ||
| Q3 25 | $0.34 | $-0.14 | ||
| Q2 25 | $0.12 | $-0.19 | ||
| Q1 25 | $0.16 | $-0.16 | ||
| Q4 24 | $0.25 | $-0.21 | ||
| Q3 24 | $-0.69 | $-0.21 | ||
| Q2 24 | $0.23 | $-0.13 | ||
| Q1 24 | $-0.76 | $-0.08 |
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 | $704.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $887.4M |
| Total Assets | $9.9B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $704.4M | ||
| Q3 25 | $245.9M | $651.1M | ||
| Q2 25 | $177.6M | $611.7M | ||
| Q1 25 | $166.4M | $563.5M | ||
| Q4 24 | $317.4M | $522.0M | ||
| Q3 24 | $194.3M | $467.8M | ||
| Q2 24 | $174.7M | $591.3M | ||
| Q1 24 | $161.2M | $579.6M |
| Q4 25 | $1.9B | $887.4M | ||
| Q3 25 | $1.9B | $859.4M | ||
| Q2 25 | $1.8B | $826.5M | ||
| Q1 25 | $1.9B | $800.0M | ||
| Q4 24 | $1.9B | $773.5M | ||
| Q3 24 | $1.9B | $756.2M | ||
| Q2 24 | $2.0B | $721.4M | ||
| Q1 24 | $2.0B | $707.8M |
| Q4 25 | $9.9B | $1.3B | ||
| Q3 25 | $9.5B | $1.3B | ||
| Q2 25 | $9.8B | $1.2B | ||
| Q1 25 | $8.8B | $1.2B | ||
| Q4 24 | $8.4B | $1.1B | ||
| Q3 24 | $9.1B | $1.1B | ||
| Q2 24 | $9.3B | $1.0B | ||
| Q1 24 | $9.2B | $997.1M |
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 | $50.7M |
| Free Cash FlowOCF − Capex | — | $49.9M |
| FCF MarginFCF / Revenue | — | 34.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $50.7M | ||
| Q3 25 | $31.7M | $30.2M | ||
| Q2 25 | $63.2M | $36.1M | ||
| Q1 25 | $39.3M | $28.8M | ||
| Q4 24 | $200.3M | $49.1M | ||
| Q3 24 | $47.2M | $27.6M | ||
| Q2 24 | $50.2M | $16.7M | ||
| Q1 24 | $52.8M | $17.5M |
| Q4 25 | — | $49.9M | ||
| Q3 25 | — | $28.8M | ||
| Q2 25 | — | $35.5M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $48.5M | ||
| Q3 24 | — | $26.7M | ||
| Q2 24 | — | $16.0M | ||
| Q1 24 | — | $16.6M |
| Q4 25 | — | 34.3% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | 16.6% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| 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 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
