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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and LIVE VENTURES Inc (LIVE). Click either name above to swap in a different company.

LIVE VENTURES Inc is the larger business by last-quarter revenue ($108.5M vs $73.3M, roughly 1.5× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -0.1%, a 39.9% 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 -2.7%). Over the past eight quarters, LIVE VENTURES Inc's revenue compounded faster (-4.3% 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.

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

ARI vs LIVE — Head-to-Head

Bigger by revenue
LIVE
LIVE
1.5× larger
LIVE
$108.5M
$73.3M
ARI
Growing faster (revenue YoY)
ARI
ARI
+6.6% gap
ARI
4.0%
-2.7%
LIVE
Higher net margin
ARI
ARI
39.9% more per $
ARI
39.9%
-0.1%
LIVE
Faster 2-yr revenue CAGR
LIVE
LIVE
Annualised
LIVE
-4.3%
-4.6%
ARI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARI
ARI
LIVE
LIVE
Revenue
$73.3M
$108.5M
Net Profit
$29.2M
$-64.0K
Gross Margin
32.6%
Operating Margin
39.7%
3.2%
Net Margin
39.9%
-0.1%
Revenue YoY
4.0%
-2.7%
Net Profit YoY
-28.2%
-113.0%
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.

Revenue
ARI
ARI
LIVE
LIVE
Q4 25
$73.3M
$108.5M
Q3 25
$61.6M
$113.9M
Q2 25
$70.9M
$112.5M
Q1 25
$65.8M
$107.0M
Q4 24
$70.5M
$111.5M
Q3 24
$71.6M
$112.7M
Q2 24
$81.1M
$123.9M
Q1 24
$80.5M
$118.6M
Net Profit
ARI
ARI
LIVE
LIVE
Q4 25
$29.2M
$-64.0K
Q3 25
$50.8M
$997.0K
Q2 25
$20.7M
$5.4M
Q1 25
$26.0M
$15.9M
Q4 24
$40.7M
$492.0K
Q3 24
$-91.5M
$-19.9M
Q2 24
$35.8M
$-2.9M
Q1 24
$-104.5M
$-3.3M
Gross Margin
ARI
ARI
LIVE
LIVE
Q4 25
32.6%
Q3 25
32.4%
Q2 25
34.0%
Q1 25
32.8%
Q4 24
31.7%
Q3 24
31.9%
Q2 24
29.9%
Q1 24
29.9%
Operating Margin
ARI
ARI
LIVE
LIVE
Q4 25
39.7%
3.2%
Q3 25
82.8%
3.3%
Q2 25
29.4%
7.1%
Q1 25
39.7%
2.0%
Q4 24
57.9%
0.7%
Q3 24
-127.8%
-15.5%
Q2 24
44.2%
0.9%
Q1 24
-129.6%
-0.7%
Net Margin
ARI
ARI
LIVE
LIVE
Q4 25
39.9%
-0.1%
Q3 25
82.4%
0.9%
Q2 25
29.3%
4.8%
Q1 25
39.5%
14.8%
Q4 24
57.7%
0.4%
Q3 24
-127.9%
-17.6%
Q2 24
44.1%
-2.3%
Q1 24
-129.8%
-2.8%
EPS (diluted)
ARI
ARI
LIVE
LIVE
Q4 25
$0.19
$-0.02
Q3 25
$0.34
$-1.52
Q2 25
$0.12
$1.24
Q1 25
$0.16
$5.05
Q4 24
$0.25
$0.16
Q3 24
$-0.69
$-6.31
Q2 24
$0.23
$-0.91
Q1 24
$-0.76
$-1.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARI
ARI
LIVE
LIVE
Cash + ST InvestmentsLiquidity on hand
$139.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$95.3M
Total Assets
$9.9B
$389.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
LIVE
LIVE
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
Stockholders' Equity
ARI
ARI
LIVE
LIVE
Q4 25
$1.9B
$95.3M
Q3 25
$1.9B
$95.3M
Q2 25
$1.8B
$94.3M
Q1 25
$1.9B
$88.9M
Q4 24
$1.9B
$73.3M
Q3 24
$1.9B
$72.9M
Q2 24
$2.0B
$92.7M
Q1 24
$2.0B
$95.9M
Total Assets
ARI
ARI
LIVE
LIVE
Q4 25
$9.9B
$389.2M
Q3 25
$9.5B
$386.4M
Q2 25
$9.8B
$387.5M
Q1 25
$8.8B
$393.6M
Q4 24
$8.4B
$395.5M
Q3 24
$9.1B
$407.5M
Q2 24
$9.3B
$436.8M
Q1 24
$9.2B
$433.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARI
ARI
LIVE
LIVE
Operating Cash FlowLast quarter
$142.5M
$9.8M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
4.88×
TTM Free Cash FlowTrailing 4 quarters
$21.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARI
ARI
LIVE
LIVE
Q4 25
$142.5M
$9.8M
Q3 25
$31.7M
$6.8M
Q2 25
$63.2M
$12.3M
Q1 25
$39.3M
$231.0K
Q4 24
$200.3M
$9.4M
Q3 24
$47.2M
$6.7M
Q2 24
$50.2M
$11.7M
Q1 24
$52.8M
$-5.7M
Free Cash Flow
ARI
ARI
LIVE
LIVE
Q4 25
$8.5M
Q3 25
$4.8M
Q2 25
$10.8M
Q1 25
$-2.3M
Q4 24
$7.6M
Q3 24
$3.3M
Q2 24
$10.1M
Q1 24
$-7.5M
FCF Margin
ARI
ARI
LIVE
LIVE
Q4 25
7.8%
Q3 25
4.2%
Q2 25
9.6%
Q1 25
-2.1%
Q4 24
6.8%
Q3 24
2.9%
Q2 24
8.2%
Q1 24
-6.3%
Capex Intensity
ARI
ARI
LIVE
LIVE
Q4 25
1.2%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
2.3%
Q4 24
1.6%
Q3 24
3.1%
Q2 24
1.3%
Q1 24
1.4%
Cash Conversion
ARI
ARI
LIVE
LIVE
Q4 25
4.88×
Q3 25
0.62×
6.78×
Q2 25
3.05×
2.28×
Q1 25
1.51×
0.01×
Q4 24
4.93×
19.11×
Q3 24
Q2 24
1.40×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARI
ARI

Segment breakdown not available.

LIVE
LIVE

Steel Manufacturing Segment$31.9M29%
Flooring Manufacturing Segment$28.9M27%
Retail Flooring Segment$25.3M23%
Retail Entertainment Segment$23.6M22%

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