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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and RCI HOSPITALITY HOLDINGS, INC. (RICK). 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 $70.9M, roughly 1.0× RCI HOSPITALITY HOLDINGS, INC.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -7.8%, a 47.6% 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 -3.1%). Over the past eight quarters, RCI HOSPITALITY HOLDINGS, INC.'s revenue compounded faster (-2.0% 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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

ARI vs RICK — Head-to-Head

Bigger by revenue
ARI
ARI
1.0× larger
ARI
$73.3M
$70.9M
RICK
Growing faster (revenue YoY)
ARI
ARI
+7.1% gap
ARI
4.0%
-3.1%
RICK
Higher net margin
ARI
ARI
47.6% more per $
ARI
39.9%
-7.8%
RICK
Faster 2-yr revenue CAGR
RICK
RICK
Annualised
RICK
-2.0%
-4.6%
ARI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARI
ARI
RICK
RICK
Revenue
$73.3M
$70.9M
Net Profit
$29.2M
$-5.5M
Gross Margin
Operating Margin
39.7%
-0.7%
Net Margin
39.9%
-7.8%
Revenue YoY
4.0%
-3.1%
Net Profit YoY
-28.2%
-2354.9%
EPS (diluted)
$0.19
$-0.60

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
RICK
RICK
Q4 25
$73.3M
Q3 25
$61.6M
$70.9M
Q2 25
$70.9M
$71.1M
Q1 25
$65.8M
$65.9M
Q4 24
$70.5M
$71.5M
Q3 24
$71.6M
$73.2M
Q2 24
$81.1M
$76.2M
Q1 24
$80.5M
$72.3M
Net Profit
ARI
ARI
RICK
RICK
Q4 25
$29.2M
Q3 25
$50.8M
$-5.5M
Q2 25
$20.7M
$4.1M
Q1 25
$26.0M
$3.2M
Q4 24
$40.7M
$9.0M
Q3 24
$-91.5M
$244.0K
Q2 24
$35.8M
$-5.2M
Q1 24
$-104.5M
$774.0K
Operating Margin
ARI
ARI
RICK
RICK
Q4 25
39.7%
Q3 25
82.8%
-0.7%
Q2 25
29.4%
12.2%
Q1 25
39.7%
12.4%
Q4 24
57.9%
19.5%
Q3 24
-127.8%
4.8%
Q2 24
44.2%
-3.3%
Q1 24
-129.6%
6.4%
Net Margin
ARI
ARI
RICK
RICK
Q4 25
39.9%
Q3 25
82.4%
-7.8%
Q2 25
29.3%
5.7%
Q1 25
39.5%
4.9%
Q4 24
57.7%
12.6%
Q3 24
-127.9%
0.3%
Q2 24
44.1%
-6.9%
Q1 24
-129.8%
1.1%
EPS (diluted)
ARI
ARI
RICK
RICK
Q4 25
$0.19
Q3 25
$0.34
$-0.60
Q2 25
$0.12
$0.46
Q1 25
$0.16
$0.36
Q4 24
$0.25
$1.01
Q3 24
$-0.69
$0.04
Q2 24
$0.23
$-0.56
Q1 24
$-0.76
$0.08

Balance Sheet & Financial Strength

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

Metric
ARI
ARI
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$139.8M
$33.7M
Total DebtLower is stronger
$238.2M
Stockholders' EquityBook value
$1.9B
$261.1M
Total Assets
$9.9B
$596.9M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
RICK
RICK
Q4 25
$139.8M
Q3 25
$245.9M
$33.7M
Q2 25
$177.6M
$29.3M
Q1 25
$166.4M
$32.7M
Q4 24
$317.4M
$34.7M
Q3 24
$194.3M
$32.4M
Q2 24
$174.7M
$34.9M
Q1 24
$161.2M
$20.0M
Total Debt
ARI
ARI
RICK
RICK
Q4 25
Q3 25
$238.2M
Q2 25
$243.8M
Q1 25
$244.1M
Q4 24
Q3 24
$241.1M
Q2 24
Q1 24
Stockholders' Equity
ARI
ARI
RICK
RICK
Q4 25
$1.9B
Q3 25
$1.9B
$261.1M
Q2 25
$1.8B
$269.5M
Q1 25
$1.9B
$268.8M
Q4 24
$1.9B
$269.0M
Q3 24
$1.9B
$263.4M
Q2 24
$2.0B
$271.2M
Q1 24
$2.0B
$285.8M
Total Assets
ARI
ARI
RICK
RICK
Q4 25
$9.9B
Q3 25
$9.5B
$596.9M
Q2 25
$9.8B
$597.4M
Q1 25
$8.8B
$589.8M
Q4 24
$8.4B
$586.2M
Q3 24
$9.1B
$584.4M
Q2 24
$9.3B
$601.0M
Q1 24
$9.2B
$609.9M
Debt / Equity
ARI
ARI
RICK
RICK
Q4 25
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
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
ARI
ARI
RICK
RICK
Operating Cash FlowLast quarter
$142.5M
$13.7M
Free Cash FlowOCF − Capex
$11.5M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
4.88×
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARI
ARI
RICK
RICK
Q4 25
$142.5M
Q3 25
$31.7M
$13.7M
Q2 25
$63.2M
$13.8M
Q1 25
$39.3M
$8.5M
Q4 24
$200.3M
$13.3M
Q3 24
$47.2M
$15.7M
Q2 24
$50.2M
$15.8M
Q1 24
$52.8M
$10.8M
Free Cash Flow
ARI
ARI
RICK
RICK
Q4 25
Q3 25
$11.5M
Q2 25
$10.1M
Q1 25
$5.7M
Q4 24
$7.6M
Q3 24
$10.3M
Q2 24
$9.3M
Q1 24
$3.2M
FCF Margin
ARI
ARI
RICK
RICK
Q4 25
Q3 25
16.2%
Q2 25
14.2%
Q1 25
8.6%
Q4 24
10.6%
Q3 24
14.0%
Q2 24
12.3%
Q1 24
4.4%
Capex Intensity
ARI
ARI
RICK
RICK
Q4 25
Q3 25
3.2%
Q2 25
5.2%
Q1 25
4.3%
Q4 24
8.0%
Q3 24
7.3%
Q2 24
8.4%
Q1 24
10.6%
Cash Conversion
ARI
ARI
RICK
RICK
Q4 25
4.88×
Q3 25
0.62×
Q2 25
3.05×
3.40×
Q1 25
1.51×
2.65×
Q4 24
4.93×
1.48×
Q3 24
64.14×
Q2 24
1.40×
Q1 24
14.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARI
ARI

Segment breakdown not available.

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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