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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and MARINE PRODUCTS CORP (MPX). 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 $64.6M, roughly 1.1× MARINE PRODUCTS CORP). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 3.7%, a 36.2% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 4.0%). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% 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.

West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.

ARI vs MPX — Head-to-Head

Bigger by revenue
ARI
ARI
1.1× larger
ARI
$73.3M
$64.6M
MPX
Growing faster (revenue YoY)
MPX
MPX
+31.1% gap
MPX
35.0%
4.0%
ARI
Higher net margin
ARI
ARI
36.2% more per $
ARI
39.9%
3.7%
MPX
Faster 2-yr revenue CAGR
MPX
MPX
Annualised
MPX
-3.5%
-4.6%
ARI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARI
ARI
MPX
MPX
Revenue
$73.3M
$64.6M
Net Profit
$29.2M
$2.4M
Gross Margin
19.6%
Operating Margin
39.7%
5.8%
Net Margin
39.9%
3.7%
Revenue YoY
4.0%
35.0%
Net Profit YoY
-28.2%
-44.6%
EPS (diluted)
$0.19
$0.07

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
MPX
MPX
Q4 25
$73.3M
$64.6M
Q3 25
$61.6M
$53.1M
Q2 25
$70.9M
$67.7M
Q1 25
$65.8M
$59.0M
Q4 24
$70.5M
$47.8M
Q3 24
$71.6M
$49.9M
Q2 24
$81.1M
$69.5M
Q1 24
$80.5M
$69.3M
Net Profit
ARI
ARI
MPX
MPX
Q4 25
$29.2M
$2.4M
Q3 25
$50.8M
$2.6M
Q2 25
$20.7M
$4.2M
Q1 25
$26.0M
$2.2M
Q4 24
$40.7M
$4.3M
Q3 24
$-91.5M
$3.4M
Q2 24
$35.8M
$5.6M
Q1 24
$-104.5M
$4.6M
Gross Margin
ARI
ARI
MPX
MPX
Q4 25
19.6%
Q3 25
19.2%
Q2 25
19.1%
Q1 25
18.6%
Q4 24
19.2%
Q3 24
18.4%
Q2 24
18.9%
Q1 24
20.2%
Operating Margin
ARI
ARI
MPX
MPX
Q4 25
39.7%
5.8%
Q3 25
82.8%
5.4%
Q2 25
29.4%
7.1%
Q1 25
39.7%
4.4%
Q4 24
57.9%
7.7%
Q3 24
-127.8%
7.2%
Q2 24
44.2%
8.3%
Q1 24
-129.6%
7.6%
Net Margin
ARI
ARI
MPX
MPX
Q4 25
39.9%
3.7%
Q3 25
82.4%
5.0%
Q2 25
29.3%
6.1%
Q1 25
39.5%
3.7%
Q4 24
57.7%
8.9%
Q3 24
-127.9%
6.8%
Q2 24
44.1%
8.0%
Q1 24
-129.8%
6.6%
EPS (diluted)
ARI
ARI
MPX
MPX
Q4 25
$0.19
$0.07
Q3 25
$0.34
$0.07
Q2 25
$0.12
$0.12
Q1 25
$0.16
$0.06
Q4 24
$0.25
$0.13
Q3 24
$-0.69
$0.10
Q2 24
$0.23
$0.14
Q1 24
$-0.76
$0.13

Balance Sheet & Financial Strength

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

Metric
ARI
ARI
MPX
MPX
Cash + ST InvestmentsLiquidity on hand
$139.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$125.0M
Total Assets
$9.9B
$147.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
MPX
MPX
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
MPX
MPX
Q4 25
$1.9B
$125.0M
Q3 25
$1.9B
$126.3M
Q2 25
$1.8B
$127.2M
Q1 25
$1.9B
$126.4M
Q4 24
$1.9B
$129.0M
Q3 24
$1.9B
$128.8M
Q2 24
$2.0B
$129.3M
Q1 24
$2.0B
$151.4M
Total Assets
ARI
ARI
MPX
MPX
Q4 25
$9.9B
$147.2M
Q3 25
$9.5B
$179.5M
Q2 25
$9.8B
$173.2M
Q1 25
$8.8B
$182.9M
Q4 24
$8.4B
$171.2M
Q3 24
$9.1B
$176.3M
Q2 24
$9.3B
$175.7M
Q1 24
$9.2B
$204.0M

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
MPX
MPX
Operating Cash FlowLast quarter
$142.5M
$4.7M
Free Cash FlowOCF − Capex
$4.1M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
4.88×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$14.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARI
ARI
MPX
MPX
Q4 25
$142.5M
$4.7M
Q3 25
$31.7M
$2.6M
Q2 25
$63.2M
$-1.6M
Q1 25
$39.3M
$10.8M
Q4 24
$200.3M
$4.6M
Q3 24
$47.2M
$5.1M
Q2 24
$50.2M
$3.8M
Q1 24
$52.8M
$15.9M
Free Cash Flow
ARI
ARI
MPX
MPX
Q4 25
$4.1M
Q3 25
$2.1M
Q2 25
$-2.0M
Q1 25
$10.7M
Q4 24
$3.6M
Q3 24
$3.2M
Q2 24
$3.0M
Q1 24
$15.0M
FCF Margin
ARI
ARI
MPX
MPX
Q4 25
6.4%
Q3 25
4.0%
Q2 25
-3.0%
Q1 25
18.1%
Q4 24
7.6%
Q3 24
6.5%
Q2 24
4.4%
Q1 24
21.7%
Capex Intensity
ARI
ARI
MPX
MPX
Q4 25
0.9%
Q3 25
0.8%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
2.1%
Q3 24
3.8%
Q2 24
1.1%
Q1 24
1.3%
Cash Conversion
ARI
ARI
MPX
MPX
Q4 25
4.88×
2.00×
Q3 25
0.62×
0.97×
Q2 25
3.05×
-0.39×
Q1 25
1.51×
4.88×
Q4 24
4.93×
1.09×
Q3 24
1.51×
Q2 24
1.40×
0.68×
Q1 24
3.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARI
ARI

Segment breakdown not available.

MPX
MPX

Boats And Accessories$63.4M98%
Parts$1.1M2%

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