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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and READING INTERNATIONAL INC (RDI). 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 $50.3M, roughly 1.5× READING INTERNATIONAL INC). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -5.1%, a 45.0% 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 -14.2%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
ARI vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $50.3M |
| Net Profit | $29.2M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -1.9% |
| Net Margin | 39.9% | -5.1% |
| Revenue YoY | 4.0% | -14.2% |
| Net Profit YoY | -28.2% | -14.5% |
| EPS (diluted) | $0.19 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $61.6M | $52.2M | ||
| Q2 25 | $70.9M | $60.4M | ||
| Q1 25 | $65.8M | $40.2M | ||
| Q4 24 | $70.5M | $58.6M | ||
| Q3 24 | $71.6M | $60.1M | ||
| Q2 24 | $81.1M | $46.8M | ||
| Q1 24 | $80.5M | $45.1M |
| Q4 25 | $29.2M | $-2.6M | ||
| Q3 25 | $50.8M | $-4.2M | ||
| Q2 25 | $20.7M | $-2.7M | ||
| Q1 25 | $26.0M | $-4.8M | ||
| Q4 24 | $40.7M | $-2.2M | ||
| Q3 24 | $-91.5M | $-7.0M | ||
| Q2 24 | $35.8M | $-12.8M | ||
| Q1 24 | $-104.5M | $-13.2M |
| Q4 25 | 39.7% | -1.9% | ||
| Q3 25 | 82.8% | -0.6% | ||
| Q2 25 | 29.4% | 4.8% | ||
| Q1 25 | 39.7% | -17.2% | ||
| Q4 24 | 57.9% | 2.6% | ||
| Q3 24 | -127.8% | -0.6% | ||
| Q2 24 | 44.2% | -16.4% | ||
| Q1 24 | -129.6% | -16.7% |
| Q4 25 | 39.9% | -5.1% | ||
| Q3 25 | 82.4% | -8.0% | ||
| Q2 25 | 29.3% | -4.4% | ||
| Q1 25 | 39.5% | -11.8% | ||
| Q4 24 | 57.7% | -3.8% | ||
| Q3 24 | -127.9% | -11.7% | ||
| Q2 24 | 44.1% | -27.4% | ||
| Q1 24 | -129.8% | -29.4% |
| Q4 25 | $0.19 | $-0.11 | ||
| Q3 25 | $0.34 | $-0.18 | ||
| Q2 25 | $0.12 | $-0.12 | ||
| Q1 25 | $0.16 | $-0.21 | ||
| Q4 24 | $0.25 | $-0.11 | ||
| Q3 24 | $-0.69 | $-0.31 | ||
| Q2 24 | $0.23 | $-0.57 | ||
| Q1 24 | $-0.76 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $1.9B | $-18.2M |
| Total Assets | $9.9B | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $10.5M | ||
| Q3 25 | $245.9M | $8.1M | ||
| Q2 25 | $177.6M | $9.1M | ||
| Q1 25 | $166.4M | $5.9M | ||
| Q4 24 | $317.4M | $12.4M | ||
| Q3 24 | $194.3M | $10.1M | ||
| Q2 24 | $174.7M | $9.3M | ||
| Q1 24 | $161.2M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $-18.2M | ||
| Q3 25 | $1.9B | $-12.1M | ||
| Q2 25 | $1.8B | $-7.7M | ||
| Q1 25 | $1.9B | $-8.1M | ||
| Q4 24 | $1.9B | $-4.4M | ||
| Q3 24 | $1.9B | $1.6M | ||
| Q2 24 | $2.0B | $6.5M | ||
| Q1 24 | $2.0B | $18.0M |
| Q4 25 | $9.9B | $434.9M | ||
| Q3 25 | $9.5B | $435.2M | ||
| Q2 25 | $9.8B | $438.1M | ||
| Q1 25 | $8.8B | $441.0M | ||
| Q4 24 | $8.4B | $471.0M | ||
| Q3 24 | $9.1B | $495.7M | ||
| Q2 24 | $9.3B | $494.9M | ||
| Q1 24 | $9.2B | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $4.3M | ||
| Q3 25 | $31.7M | $295.0K | ||
| Q2 25 | $63.2M | $1.6M | ||
| Q1 25 | $39.3M | $-7.7M | ||
| Q4 24 | $200.3M | $8.0M | ||
| Q3 24 | $47.2M | $1.3M | ||
| Q2 24 | $50.2M | $-10.4M | ||
| Q1 24 | $52.8M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
| 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.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
