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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $73.3M, roughly 1.9× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -20.7%, a 60.6% 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 -15.1%). Over the past eight quarters, Apollo Commercial Real Estate Finance, Inc.'s revenue compounded faster (-4.6% CAGR vs -12.0%).
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.
ARI vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $141.3M |
| Net Profit | $29.2M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -27.0% |
| Net Margin | 39.9% | -20.7% |
| Revenue YoY | 4.0% | -15.1% |
| Net Profit YoY | -28.2% | 7.4% |
| EPS (diluted) | $0.19 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $61.6M | $150.3M | ||
| Q2 25 | $70.9M | $151.1M | ||
| Q1 25 | $65.8M | $155.3M | ||
| Q4 24 | $70.5M | $166.5M | ||
| Q3 24 | $71.6M | $182.6M | ||
| Q2 24 | $81.1M | $182.9M | ||
| Q1 24 | $80.5M | $182.6M |
| Q4 25 | $29.2M | $-29.3M | ||
| Q3 25 | $50.8M | $-5.6M | ||
| Q2 25 | $20.7M | $-9.6M | ||
| Q1 25 | $26.0M | $-8.1M | ||
| Q4 24 | $40.7M | $-31.6M | ||
| Q3 24 | $-91.5M | $2.4M | ||
| Q2 24 | $35.8M | $-2.9M | ||
| Q1 24 | $-104.5M | $281.0K |
| Q4 25 | 39.7% | -27.0% | ||
| Q3 25 | 82.8% | -3.8% | ||
| Q2 25 | 29.4% | -7.3% | ||
| Q1 25 | 39.7% | -5.9% | ||
| Q4 24 | 57.9% | -22.6% | ||
| Q3 24 | -127.8% | 1.3% | ||
| Q2 24 | 44.2% | -0.4% | ||
| Q1 24 | -129.6% | -0.4% |
| Q4 25 | 39.9% | -20.7% | ||
| Q3 25 | 82.4% | -3.7% | ||
| Q2 25 | 29.3% | -6.4% | ||
| Q1 25 | 39.5% | -5.2% | ||
| Q4 24 | 57.7% | -19.0% | ||
| Q3 24 | -127.9% | 1.3% | ||
| Q2 24 | 44.1% | -1.6% | ||
| Q1 24 | -129.8% | 0.2% |
| Q4 25 | $0.19 | $-1.38 | ||
| Q3 25 | $0.34 | $-0.27 | ||
| Q2 25 | $0.12 | $-0.46 | ||
| Q1 25 | $0.16 | $-0.37 | ||
| Q4 24 | $0.25 | $-1.44 | ||
| Q3 24 | $-0.69 | $0.11 | ||
| Q2 24 | $0.23 | $-0.13 | ||
| Q1 24 | $-0.76 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $1.9B | $210.5M |
| Total Assets | $9.9B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $83.7M | ||
| Q3 25 | $245.9M | $115.6M | ||
| Q2 25 | $177.6M | $117.3M | ||
| Q1 25 | $166.4M | $102.7M | ||
| Q4 24 | $317.4M | $110.7M | ||
| Q3 24 | $194.3M | $92.3M | ||
| Q2 24 | $174.7M | $114.0M | ||
| Q1 24 | $161.2M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $210.5M | ||
| Q3 25 | $1.9B | $239.5M | ||
| Q2 25 | $1.8B | $244.9M | ||
| Q1 25 | $1.9B | $269.6M | ||
| Q4 24 | $1.9B | $277.5M | ||
| Q3 24 | $1.9B | $308.9M | ||
| Q2 24 | $2.0B | $306.7M | ||
| Q1 24 | $2.0B | $314.6M |
| Q4 25 | $9.9B | $697.9M | ||
| Q3 25 | $9.5B | $715.2M | ||
| Q2 25 | $9.8B | $707.9M | ||
| Q1 25 | $8.8B | $712.6M | ||
| Q4 24 | $8.4B | $741.7M | ||
| Q3 24 | $9.1B | $756.7M | ||
| Q2 24 | $9.3B | $733.5M | ||
| Q1 24 | $9.2B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-25.0M |
| FCF MarginFCF / Revenue | — | -17.7% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $-5.8M | ||
| Q3 25 | $31.7M | $5.9M | ||
| Q2 25 | $63.2M | $12.2M | ||
| Q1 25 | $39.3M | $5.0M | ||
| Q4 24 | $200.3M | $15.2M | ||
| Q3 24 | $47.2M | $15.5M | ||
| Q2 24 | $50.2M | $18.7M | ||
| Q1 24 | $52.8M | $9.6M |
| Q4 25 | — | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | — | $5.9M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | — | $4.1M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | — | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
