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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.2× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 4.0%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ARI vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $62.2M |
| Net Profit | $29.2M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | 39.7% | 1.5% |
| Net Margin | 39.9% | — |
| Revenue YoY | 4.0% | 106.6% |
| Net Profit YoY | -28.2% | — |
| EPS (diluted) | $0.19 | $0.10 |
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 | $62.2M | ||
| Q3 25 | $61.6M | $39.5M | ||
| Q2 25 | $70.9M | $35.0M | ||
| Q1 25 | $65.8M | $32.6M | ||
| Q4 24 | $70.5M | $30.1M | ||
| Q3 24 | $71.6M | $28.1M | ||
| Q2 24 | $81.1M | $27.0M | ||
| Q1 24 | $80.5M | $25.9M |
| Q4 25 | $29.2M | — | ||
| Q3 25 | $50.8M | $-21.7M | ||
| Q2 25 | $20.7M | $-20.6M | ||
| Q1 25 | $26.0M | $-22.0M | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $-91.5M | $-25.6M | ||
| Q2 24 | $35.8M | $-23.9M | ||
| Q1 24 | $-104.5M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | 39.7% | 1.5% | ||
| Q3 25 | 82.8% | -61.4% | ||
| Q2 25 | 29.4% | -76.5% | ||
| Q1 25 | 39.7% | -73.0% | ||
| Q4 24 | 57.9% | -85.1% | ||
| Q3 24 | -127.8% | -98.0% | ||
| Q2 24 | 44.2% | -93.6% | ||
| Q1 24 | -129.6% | -99.5% |
| Q4 25 | 39.9% | — | ||
| Q3 25 | 82.4% | -55.0% | ||
| Q2 25 | 29.3% | -58.8% | ||
| Q1 25 | 39.5% | -67.5% | ||
| Q4 24 | 57.7% | — | ||
| Q3 24 | -127.9% | -91.1% | ||
| Q2 24 | 44.1% | -88.4% | ||
| Q1 24 | -129.8% | -91.9% |
| Q4 25 | $0.19 | $0.10 | ||
| Q3 25 | $0.34 | $-0.37 | ||
| Q2 25 | $0.12 | $-0.38 | ||
| Q1 25 | $0.16 | $-0.42 | ||
| Q4 24 | $0.25 | $-0.46 | ||
| Q3 24 | $-0.69 | $-0.54 | ||
| Q2 24 | $0.23 | $-0.53 | ||
| Q1 24 | $-0.76 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $261.7M |
| Total Assets | $9.9B | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $208.6M | ||
| Q3 25 | $245.9M | $244.5M | ||
| Q2 25 | $177.6M | $226.5M | ||
| Q1 25 | $166.4M | $168.2M | ||
| Q4 24 | $317.4M | $172.0M | ||
| Q3 24 | $194.3M | $151.4M | ||
| Q2 24 | $174.7M | $184.2M | ||
| Q1 24 | $161.2M | $187.8M |
| Q4 25 | $1.9B | $261.7M | ||
| Q3 25 | $1.9B | $247.4M | ||
| Q2 25 | $1.8B | $221.0M | ||
| Q1 25 | $1.9B | $167.9M | ||
| Q4 24 | $1.9B | $180.9M | ||
| Q3 24 | $1.9B | $171.7M | ||
| Q2 24 | $2.0B | $170.6M | ||
| Q1 24 | $2.0B | $167.2M |
| Q4 25 | $9.9B | $349.5M | ||
| Q3 25 | $9.5B | $353.8M | ||
| Q2 25 | $9.8B | $321.8M | ||
| Q1 25 | $8.8B | $268.6M | ||
| Q4 24 | $8.4B | $276.1M | ||
| Q3 24 | $9.1B | $255.2M | ||
| Q2 24 | $9.3B | $309.9M | ||
| Q1 24 | $9.2B | $317.7M |
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 | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $-15.4M | ||
| Q3 25 | $31.7M | $-18.3M | ||
| Q2 25 | $63.2M | $-1.3M | ||
| Q1 25 | $39.3M | $-4.9M | ||
| Q4 24 | $200.3M | $-2.6M | ||
| Q3 24 | $47.2M | $-3.8M | ||
| Q2 24 | $50.2M | $-21.6M | ||
| Q1 24 | $52.8M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% | ||
| Q1 24 | — | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 5.3% |
| 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.
