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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Plymouth Industrial REIT, Inc. (PLYM). 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 $51.2M, roughly 1.4× Plymouth Industrial REIT, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -106.3%, a 146.1% 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 -1.4%). Over the past eight quarters, Plymouth Industrial REIT, Inc.'s revenue compounded faster (0.4% 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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
ARI vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $51.2M |
| Net Profit | $29.2M | $-54.4M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -102.5% |
| Net Margin | 39.9% | -106.3% |
| Revenue YoY | 4.0% | -1.4% |
| Net Profit YoY | -28.2% | -248.5% |
| EPS (diluted) | $0.19 | $-1.23 |
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 | — | ||
| Q3 25 | $61.6M | $51.2M | ||
| Q2 25 | $70.9M | $47.2M | ||
| Q1 25 | $65.8M | $45.6M | ||
| Q4 24 | $70.5M | $47.6M | ||
| Q3 24 | $71.6M | $51.9M | ||
| Q2 24 | $81.1M | $48.7M | ||
| Q1 24 | $80.5M | $50.2M |
| Q4 25 | $29.2M | — | ||
| Q3 25 | $50.8M | $-54.4M | ||
| Q2 25 | $20.7M | $-6.1M | ||
| Q1 25 | $26.0M | $5.8M | ||
| Q4 24 | $40.7M | $147.4M | ||
| Q3 24 | $-91.5M | $-15.6M | ||
| Q2 24 | $35.8M | $1.3M | ||
| Q1 24 | $-104.5M | $6.2M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 82.8% | -102.5% | ||
| Q2 25 | 29.4% | -10.3% | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | -127.8% | -29.6% | ||
| Q2 24 | 44.2% | 2.7% | ||
| Q1 24 | -129.6% | — |
| Q4 25 | 39.9% | — | ||
| Q3 25 | 82.4% | -106.3% | ||
| Q2 25 | 29.3% | -12.9% | ||
| Q1 25 | 39.5% | 12.8% | ||
| Q4 24 | 57.7% | 309.9% | ||
| Q3 24 | -127.9% | -30.1% | ||
| Q2 24 | 44.1% | 2.7% | ||
| Q1 24 | -129.8% | 12.4% |
| Q4 25 | $0.19 | — | ||
| Q3 25 | $0.34 | $-1.23 | ||
| Q2 25 | $0.12 | $-0.14 | ||
| Q1 25 | $0.16 | $0.13 | ||
| Q4 24 | $0.25 | $3.24 | ||
| Q3 24 | $-0.69 | $-0.35 | ||
| Q2 24 | $0.23 | $0.03 | ||
| Q1 24 | $-0.76 | $0.14 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $470.1M |
| Total Assets | $9.9B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $470.1M | ||
| Q2 25 | $1.8B | $539.6M | ||
| Q1 25 | $1.9B | $571.0M | ||
| Q4 24 | $1.9B | $579.5M | ||
| Q3 24 | $1.9B | $436.5M | ||
| Q2 24 | $2.0B | $475.2M | ||
| Q1 24 | $2.0B | $484.6M |
| Q4 25 | $9.9B | — | ||
| Q3 25 | $9.5B | $1.6B | ||
| Q2 25 | $9.8B | $1.6B | ||
| Q1 25 | $8.8B | $1.4B | ||
| Q4 24 | $8.4B | $1.4B | ||
| Q3 24 | $9.1B | $1.5B | ||
| Q2 24 | $9.3B | $1.4B | ||
| Q1 24 | $9.2B | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| 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 | $20.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | — | ||
| Q3 25 | $31.7M | $20.0M | ||
| Q2 25 | $63.2M | $23.4M | ||
| Q1 25 | $39.3M | $15.6M | ||
| Q4 24 | $200.3M | $96.1M | ||
| Q3 24 | $47.2M | $17.6M | ||
| Q2 24 | $50.2M | $19.9M | ||
| Q1 24 | $52.8M | $16.6M |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | 2.67× | ||
| Q4 24 | 4.93× | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | 15.12× | ||
| Q1 24 | — | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
