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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.
InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $73.3M, roughly 1.1× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 3.4%, a 36.4% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs 4.0%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% 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.
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
ARI vs IVT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $77.4M |
| Net Profit | $29.2M | $2.7M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -11.0% |
| Net Margin | 39.9% | 3.4% |
| Revenue YoY | 4.0% | 8.6% |
| Net Profit YoY | -28.2% | -72.8% |
| EPS (diluted) | $0.19 | $0.02 |
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 | $77.4M | ||
| Q3 25 | $61.6M | $74.5M | ||
| Q2 25 | $70.9M | $73.6M | ||
| Q1 25 | $65.8M | $73.8M | ||
| Q4 24 | $70.5M | $71.2M | ||
| Q3 24 | $71.6M | $68.5M | ||
| Q2 24 | $81.1M | $67.4M | ||
| Q1 24 | $80.5M | $66.8M |
| Q4 25 | $29.2M | $2.7M | ||
| Q3 25 | $50.8M | $6.0M | ||
| Q2 25 | $20.7M | $95.9M | ||
| Q1 25 | $26.0M | $6.8M | ||
| Q4 24 | $40.7M | $9.8M | ||
| Q3 24 | $-91.5M | $-539.0K | ||
| Q2 24 | $35.8M | $1.5M | ||
| Q1 24 | $-104.5M | $2.9M |
| Q4 25 | 39.7% | -11.0% | ||
| Q3 25 | 82.8% | -9.8% | ||
| Q2 25 | 29.4% | — | ||
| Q1 25 | 39.7% | -10.5% | ||
| Q4 24 | 57.9% | -3.6% | ||
| Q3 24 | -127.8% | -18.7% | ||
| Q2 24 | 44.2% | -13.6% | ||
| Q1 24 | -129.6% | -13.1% |
| Q4 25 | 39.9% | 3.4% | ||
| Q3 25 | 82.4% | 8.1% | ||
| Q2 25 | 29.3% | 130.4% | ||
| Q1 25 | 39.5% | 9.2% | ||
| Q4 24 | 57.7% | 13.8% | ||
| Q3 24 | -127.9% | -0.8% | ||
| Q2 24 | 44.1% | 2.2% | ||
| Q1 24 | -129.8% | 4.3% |
| Q4 25 | $0.19 | $0.02 | ||
| Q3 25 | $0.34 | $0.08 | ||
| Q2 25 | $0.12 | $1.23 | ||
| Q1 25 | $0.16 | $0.09 | ||
| Q4 24 | $0.25 | $0.14 | ||
| Q3 24 | $-0.69 | $-0.01 | ||
| Q2 24 | $0.23 | $0.02 | ||
| Q1 24 | $-0.76 | $0.04 |
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 | — |
| Total DebtLower is stronger | — | $825.9M |
| Stockholders' EquityBook value | $1.9B | $1.8B |
| Total Assets | $9.9B | $2.8B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | — | ||
| Q3 25 | $245.9M | — | ||
| Q2 25 | $177.6M | — | ||
| Q1 25 | $166.4M | — | ||
| Q4 24 | $317.4M | — | ||
| Q3 24 | $194.3M | — | ||
| Q2 24 | $174.7M | — | ||
| Q1 24 | $161.2M | — |
| Q4 25 | — | $825.9M | ||
| Q3 25 | — | $764.6M | ||
| Q2 25 | — | $746.3M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $740.4M | ||
| Q3 24 | — | $740.1M | ||
| Q2 24 | — | $812.2M | ||
| Q1 24 | — | $827.5M |
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
| Q4 25 | $9.9B | $2.8B | ||
| Q3 25 | $9.5B | $2.7B | ||
| Q2 25 | $9.8B | $2.7B | ||
| Q1 25 | $8.8B | $2.6B | ||
| Q4 24 | $8.4B | $2.6B | ||
| Q3 24 | $9.1B | $2.6B | ||
| Q2 24 | $9.3B | $2.5B | ||
| Q1 24 | $9.2B | $2.5B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $155.4M |
| Free Cash FlowOCF − Capex | — | $110.9M |
| FCF MarginFCF / Revenue | — | 143.3% |
| Capex IntensityCapex / Revenue | — | 57.5% |
| Cash ConversionOCF / Net Profit | 4.88× | 58.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $193.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $155.4M | ||
| Q3 25 | $31.7M | $43.8M | ||
| Q2 25 | $63.2M | $48.7M | ||
| Q1 25 | $39.3M | $20.2M | ||
| Q4 24 | $200.3M | $136.9M | ||
| Q3 24 | $47.2M | $38.4M | ||
| Q2 24 | $50.2M | $46.7M | ||
| Q1 24 | $52.8M | $14.8M |
| Q4 25 | — | $110.9M | ||
| Q3 25 | — | $31.4M | ||
| Q2 25 | — | $38.0M | ||
| Q1 25 | — | $12.8M | ||
| Q4 24 | — | $100.8M | ||
| Q3 24 | — | $29.3M | ||
| Q2 24 | — | $37.2M | ||
| Q1 24 | — | $7.7M |
| Q4 25 | — | 143.3% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 51.6% | ||
| Q1 25 | — | 17.4% | ||
| Q4 24 | — | 141.5% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 55.2% | ||
| Q1 24 | — | 11.5% |
| Q4 25 | — | 57.5% | ||
| Q3 25 | — | 16.7% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 10.6% |
| Q4 25 | 4.88× | 58.41× | ||
| Q3 25 | 0.62× | 7.27× | ||
| Q2 25 | 3.05× | 0.51× | ||
| Q1 25 | 1.51× | 2.97× | ||
| Q4 24 | 4.93× | 13.97× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | 31.15× | ||
| Q1 24 | — | 5.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
