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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and RMR GROUP INC. (RMR). 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 $66.7M, roughly 1.1× RMR GROUP INC.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 18.3%, a 21.6% gap on every dollar of revenue. On growth, RMR GROUP INC. posted the faster year-over-year revenue change (40.8% vs 4.0%).
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.
RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.
ARI vs RMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $66.7M |
| Net Profit | $29.2M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | 48.1% |
| Net Margin | 39.9% | 18.3% |
| Revenue YoY | 4.0% | 40.8% |
| Net Profit YoY | -28.2% | 91.1% |
| EPS (diluted) | $0.19 | $0.71 |
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 | $66.7M | ||
| Q3 25 | $61.6M | — | ||
| Q2 25 | $70.9M | — | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $70.5M | — | ||
| Q3 24 | $71.6M | — | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.5M | — |
| Q4 25 | $29.2M | $12.2M | ||
| Q3 25 | $50.8M | — | ||
| Q2 25 | $20.7M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $-91.5M | — | ||
| Q2 24 | $35.8M | — | ||
| Q1 24 | $-104.5M | — |
| Q4 25 | 39.7% | 48.1% | ||
| Q3 25 | 82.8% | — | ||
| Q2 25 | 29.4% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | -127.8% | — | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | -129.6% | — |
| Q4 25 | 39.9% | 18.3% | ||
| Q3 25 | 82.4% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 57.7% | — | ||
| Q3 24 | -127.9% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | -129.8% | — |
| Q4 25 | $0.19 | $0.71 | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $-0.69 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $-0.76 | — |
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 | $49.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $232.7M |
| Total Assets | $9.9B | $687.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $49.3M | ||
| 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 | $1.9B | $232.7M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $9.9B | $687.1M | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $9.8B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $9.1B | — | ||
| Q2 24 | $9.3B | — | ||
| Q1 24 | $9.2B | — |
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 | $10.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $10.7M | ||
| Q3 25 | $31.7M | — | ||
| Q2 25 | $63.2M | — | ||
| Q1 25 | $39.3M | — | ||
| Q4 24 | $200.3M | — | ||
| Q3 24 | $47.2M | — | ||
| Q2 24 | $50.2M | — | ||
| Q1 24 | $52.8M | — |
| Q4 25 | 4.88× | 0.88× | ||
| 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.
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
