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

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $73.3M, roughly 1.0× Apollo Commercial Real Estate Finance, Inc.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 4.0%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

ARI vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.0× larger
PBYI
$75.5M
$73.3M
ARI
Growing faster (revenue YoY)
PBYI
PBYI
+23.7% gap
PBYI
27.7%
4.0%
ARI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-4.6%
ARI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARI
ARI
PBYI
PBYI
Revenue
$73.3M
$75.5M
Net Profit
$29.2M
Gross Margin
69.3%
Operating Margin
39.7%
22.7%
Net Margin
39.9%
Revenue YoY
4.0%
27.7%
Net Profit YoY
-28.2%
EPS (diluted)
$0.19
$0.26

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
PBYI
PBYI
Q4 25
$73.3M
$75.5M
Q3 25
$61.6M
$54.5M
Q2 25
$70.9M
$52.4M
Q1 25
$65.8M
$46.0M
Q4 24
$70.5M
$59.1M
Q3 24
$71.6M
$80.5M
Q2 24
$81.1M
$47.1M
Q1 24
$80.5M
$43.8M
Net Profit
ARI
ARI
PBYI
PBYI
Q4 25
$29.2M
Q3 25
$50.8M
$8.8M
Q2 25
$20.7M
$5.9M
Q1 25
$26.0M
$3.0M
Q4 24
$40.7M
Q3 24
$-91.5M
$20.3M
Q2 24
$35.8M
$-4.5M
Q1 24
$-104.5M
$-4.8M
Gross Margin
ARI
ARI
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
ARI
ARI
PBYI
PBYI
Q4 25
39.7%
22.7%
Q3 25
82.8%
17.6%
Q2 25
29.4%
12.7%
Q1 25
39.7%
8.7%
Q4 24
57.9%
22.6%
Q3 24
-127.8%
27.4%
Q2 24
44.2%
-4.6%
Q1 24
-129.6%
-5.3%
Net Margin
ARI
ARI
PBYI
PBYI
Q4 25
39.9%
Q3 25
82.4%
16.2%
Q2 25
29.3%
11.2%
Q1 25
39.5%
6.5%
Q4 24
57.7%
Q3 24
-127.9%
25.2%
Q2 24
44.1%
-9.6%
Q1 24
-129.8%
-11.0%
EPS (diluted)
ARI
ARI
PBYI
PBYI
Q4 25
$0.19
$0.26
Q3 25
$0.34
$0.17
Q2 25
$0.12
$0.12
Q1 25
$0.16
$0.06
Q4 24
$0.25
$0.40
Q3 24
$-0.69
$0.41
Q2 24
$0.23
$-0.09
Q1 24
$-0.76
$-0.10

Balance Sheet & Financial Strength

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

Metric
ARI
ARI
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$139.8M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$1.9B
$130.3M
Total Assets
$9.9B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
PBYI
PBYI
Q4 25
$139.8M
$97.5M
Q3 25
$245.9M
$94.4M
Q2 25
$177.6M
$96.0M
Q1 25
$166.4M
$93.2M
Q4 24
$317.4M
$101.0M
Q3 24
$194.3M
$96.7M
Q2 24
$174.7M
$96.8M
Q1 24
$161.2M
$107.2M
Total Debt
ARI
ARI
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
ARI
ARI
PBYI
PBYI
Q4 25
$1.9B
$130.3M
Q3 25
$1.9B
$115.3M
Q2 25
$1.8B
$104.7M
Q1 25
$1.9B
$97.1M
Q4 24
$1.9B
$92.1M
Q3 24
$1.9B
$71.1M
Q2 24
$2.0B
$48.5M
Q1 24
$2.0B
$51.0M
Total Assets
ARI
ARI
PBYI
PBYI
Q4 25
$9.9B
$216.3M
Q3 25
$9.5B
$202.9M
Q2 25
$9.8B
$194.9M
Q1 25
$8.8B
$196.2M
Q4 24
$8.4B
$213.3M
Q3 24
$9.1B
$220.7M
Q2 24
$9.3B
$205.0M
Q1 24
$9.2B
$214.1M
Debt / Equity
ARI
ARI
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

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
PBYI
PBYI
Operating Cash FlowLast quarter
$142.5M
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
4.88×
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARI
ARI
PBYI
PBYI
Q4 25
$142.5M
$14.4M
Q3 25
$31.7M
$9.7M
Q2 25
$63.2M
$14.1M
Q1 25
$39.3M
$3.6M
Q4 24
$200.3M
$15.6M
Q3 24
$47.2M
$11.0M
Q2 24
$50.2M
$1.0M
Q1 24
$52.8M
$11.2M
Free Cash Flow
ARI
ARI
PBYI
PBYI
Q4 25
$14.4M
Q3 25
$9.7M
Q2 25
$14.1M
Q1 25
$3.6M
Q4 24
$15.6M
Q3 24
$11.0M
Q2 24
$1.0M
Q1 24
FCF Margin
ARI
ARI
PBYI
PBYI
Q4 25
19.1%
Q3 25
17.7%
Q2 25
26.8%
Q1 25
7.7%
Q4 24
26.4%
Q3 24
13.7%
Q2 24
2.1%
Q1 24
Capex Intensity
ARI
ARI
PBYI
PBYI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ARI
ARI
PBYI
PBYI
Q4 25
4.88×
Q3 25
0.62×
1.10×
Q2 25
3.05×
2.41×
Q1 25
1.51×
1.21×
Q4 24
4.93×
Q3 24
0.54×
Q2 24
1.40×
Q1 24

Financial Flow Comparison

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

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