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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and RHYTHM PHARMACEUTICALS, INC. (RYTM). 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 $57.3M, roughly 1.3× RHYTHM PHARMACEUTICALS, INC.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -83.0%, a 122.8% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 4.0%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

ARI vs RYTM — Head-to-Head

Bigger by revenue
ARI
ARI
1.3× larger
ARI
$73.3M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+32.9% gap
RYTM
36.9%
4.0%
ARI
Higher net margin
ARI
ARI
122.8% more per $
ARI
39.9%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
-4.6%
ARI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARI
ARI
RYTM
RYTM
Revenue
$73.3M
$57.3M
Net Profit
$29.2M
$-47.5M
Gross Margin
91.6%
Operating Margin
39.7%
-82.2%
Net Margin
39.9%
-83.0%
Revenue YoY
4.0%
36.9%
Net Profit YoY
-28.2%
-9.6%
EPS (diluted)
$0.19
$-0.73

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
RYTM
RYTM
Q4 25
$73.3M
$57.3M
Q3 25
$61.6M
$51.3M
Q2 25
$70.9M
$48.5M
Q1 25
$65.8M
$32.7M
Q4 24
$70.5M
$41.8M
Q3 24
$71.6M
$33.3M
Q2 24
$81.1M
$29.1M
Q1 24
$80.5M
$26.0M
Net Profit
ARI
ARI
RYTM
RYTM
Q4 25
$29.2M
$-47.5M
Q3 25
$50.8M
$-52.9M
Q2 25
$20.7M
$-46.6M
Q1 25
$26.0M
$-49.5M
Q4 24
$40.7M
$-43.3M
Q3 24
$-91.5M
$-43.6M
Q2 24
$35.8M
$-32.3M
Q1 24
$-104.5M
$-141.4M
Gross Margin
ARI
ARI
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
ARI
ARI
RYTM
RYTM
Q4 25
39.7%
-82.2%
Q3 25
82.8%
-102.6%
Q2 25
29.4%
-93.4%
Q1 25
39.7%
-143.7%
Q4 24
57.9%
-98.6%
Q3 24
-127.8%
-132.0%
Q2 24
44.2%
-139.2%
Q1 24
-129.6%
-538.7%
Net Margin
ARI
ARI
RYTM
RYTM
Q4 25
39.9%
-83.0%
Q3 25
82.4%
-103.1%
Q2 25
29.3%
-96.1%
Q1 25
39.5%
-151.4%
Q4 24
57.7%
-103.6%
Q3 24
-127.9%
-131.2%
Q2 24
44.1%
-110.9%
Q1 24
-129.8%
-544.4%
EPS (diluted)
ARI
ARI
RYTM
RYTM
Q4 25
$0.19
$-0.73
Q3 25
$0.34
$-0.82
Q2 25
$0.12
$-0.75
Q1 25
$0.16
$-0.81
Q4 24
$0.25
$-0.71
Q3 24
$-0.69
$-0.73
Q2 24
$0.23
$-0.55
Q1 24
$-0.76
$-2.35

Balance Sheet & Financial Strength

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

Metric
ARI
ARI
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$139.8M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$139.1M
Total Assets
$9.9B
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
RYTM
RYTM
Q4 25
$139.8M
$388.9M
Q3 25
$245.9M
$416.1M
Q2 25
$177.6M
$291.0M
Q1 25
$166.4M
$314.5M
Q4 24
$317.4M
$320.6M
Q3 24
$194.3M
$298.4M
Q2 24
$174.7M
$319.1M
Q1 24
$161.2M
$201.2M
Stockholders' Equity
ARI
ARI
RYTM
RYTM
Q4 25
$1.9B
$139.1M
Q3 25
$1.9B
$148.8M
Q2 25
$1.8B
$-11.9M
Q1 25
$1.9B
$18.9M
Q4 24
$1.9B
$21.7M
Q3 24
$1.9B
$11.2M
Q2 24
$2.0B
$39.3M
Q1 24
$2.0B
$61.6M
Total Assets
ARI
ARI
RYTM
RYTM
Q4 25
$9.9B
$480.2M
Q3 25
$9.5B
$506.9M
Q2 25
$9.8B
$372.7M
Q1 25
$8.8B
$386.7M
Q4 24
$8.4B
$392.3M
Q3 24
$9.1B
$363.6M
Q2 24
$9.3B
$381.8M
Q1 24
$9.2B
$258.7M

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
RYTM
RYTM
Operating Cash FlowLast quarter
$142.5M
$-25.4M
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.

Operating Cash Flow
ARI
ARI
RYTM
RYTM
Q4 25
$142.5M
$-25.4M
Q3 25
$31.7M
$-26.6M
Q2 25
$63.2M
$-23.3M
Q1 25
$39.3M
$-40.4M
Q4 24
$200.3M
$-18.8M
Q3 24
$47.2M
$-25.2M
Q2 24
$50.2M
$-29.1M
Q1 24
$52.8M
$-40.7M
Cash Conversion
ARI
ARI
RYTM
RYTM
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.

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