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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and STAAR SURGICAL CO (STAA). 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 $49.0M, roughly 1.5× STAAR SURGICAL CO). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -69.9%, a 109.8% 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 -35.8%). Over the past eight quarters, Apollo Commercial Real Estate Finance, Inc.'s revenue compounded faster (-4.6% CAGR vs -18.4%).

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.

STAAR Surgical Co is a global ophthalmic medical device firm. It designs, makes and sells implantable collamer lenses (ICLs) for minimally invasive vision correction, plus supporting surgical products for ophthalmologists across North America, Europe, Asia Pacific and other key regional markets.

ARI vs STAA — Head-to-Head

Bigger by revenue
ARI
ARI
1.5× larger
ARI
$73.3M
$49.0M
STAA
Growing faster (revenue YoY)
ARI
ARI
+39.8% gap
ARI
4.0%
-35.8%
STAA
Higher net margin
ARI
ARI
109.8% more per $
ARI
39.9%
-69.9%
STAA
Faster 2-yr revenue CAGR
ARI
ARI
Annualised
ARI
-4.6%
-18.4%
STAA

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ARI
ARI
STAA
STAA
Revenue
$73.3M
$49.0M
Net Profit
$29.2M
$-34.2M
Gross Margin
64.7%
Operating Margin
39.7%
-57.0%
Net Margin
39.9%
-69.9%
Revenue YoY
4.0%
-35.8%
Net Profit YoY
-28.2%
-541.3%
EPS (diluted)
$0.19
$-0.69

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
STAA
STAA
Q4 25
$73.3M
Q3 25
$61.6M
Q2 25
$70.9M
Q1 25
$65.8M
Q4 24
$70.5M
$49.0M
Q3 24
$71.6M
$88.6M
Q2 24
$81.1M
$99.0M
Q1 24
$80.5M
$77.4M
Net Profit
ARI
ARI
STAA
STAA
Q4 25
$29.2M
Q3 25
$50.8M
Q2 25
$20.7M
Q1 25
$26.0M
Q4 24
$40.7M
$-34.2M
Q3 24
$-91.5M
$10.0M
Q2 24
$35.8M
$7.4M
Q1 24
$-104.5M
$-3.3M
Gross Margin
ARI
ARI
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
64.7%
Q3 24
77.3%
Q2 24
79.2%
Q1 24
78.9%
Operating Margin
ARI
ARI
STAA
STAA
Q4 25
39.7%
Q3 25
82.8%
Q2 25
29.4%
Q1 25
39.7%
Q4 24
57.9%
-57.0%
Q3 24
-127.8%
6.4%
Q2 24
44.2%
12.0%
Q1 24
-129.6%
-2.9%
Net Margin
ARI
ARI
STAA
STAA
Q4 25
39.9%
Q3 25
82.4%
Q2 25
29.3%
Q1 25
39.5%
Q4 24
57.7%
-69.9%
Q3 24
-127.9%
11.3%
Q2 24
44.1%
7.5%
Q1 24
-129.8%
-4.3%
EPS (diluted)
ARI
ARI
STAA
STAA
Q4 25
$0.19
Q3 25
$0.34
Q2 25
$0.12
Q1 25
$0.16
Q4 24
$0.25
$-0.69
Q3 24
$-0.69
$0.20
Q2 24
$0.23
$0.15
Q1 24
$-0.76
$-0.07

Balance Sheet & Financial Strength

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

Metric
ARI
ARI
STAA
STAA
Cash + ST InvestmentsLiquidity on hand
$139.8M
$230.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$397.3M
Total Assets
$9.9B
$509.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARI
ARI
STAA
STAA
Q4 25
$139.8M
Q3 25
$245.9M
Q2 25
$177.6M
Q1 25
$166.4M
Q4 24
$317.4M
$230.5M
Q3 24
$194.3M
$236.0M
Q2 24
$174.7M
$235.2M
Q1 24
$161.2M
$245.1M
Stockholders' Equity
ARI
ARI
STAA
STAA
Q4 25
$1.9B
Q3 25
$1.9B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
$397.3M
Q3 24
$1.9B
$428.1M
Q2 24
$2.0B
$409.1M
Q1 24
$2.0B
$392.8M
Total Assets
ARI
ARI
STAA
STAA
Q4 25
$9.9B
Q3 25
$9.5B
Q2 25
$9.8B
Q1 25
$8.8B
Q4 24
$8.4B
$509.5M
Q3 24
$9.1B
$537.6M
Q2 24
$9.3B
$512.7M
Q1 24
$9.2B
$492.5M

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
STAA
STAA
Operating Cash FlowLast quarter
$142.5M
$642.0K
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
4.88×
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARI
ARI
STAA
STAA
Q4 25
$142.5M
Q3 25
$31.7M
Q2 25
$63.2M
Q1 25
$39.3M
Q4 24
$200.3M
$642.0K
Q3 24
$47.2M
$3.8M
Q2 24
$50.2M
$-10.4M
Q1 24
$52.8M
$21.7M
Free Cash Flow
ARI
ARI
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-5.1M
Q3 24
$-2.4M
Q2 24
$-16.6M
Q1 24
$16.5M
FCF Margin
ARI
ARI
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-10.4%
Q3 24
-2.7%
Q2 24
-16.8%
Q1 24
21.3%
Capex Intensity
ARI
ARI
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
11.7%
Q3 24
7.0%
Q2 24
6.3%
Q1 24
6.7%
Cash Conversion
ARI
ARI
STAA
STAA
Q4 25
4.88×
Q3 25
0.62×
Q2 25
3.05×
Q1 25
1.51×
Q4 24
4.93×
Q3 24
0.38×
Q2 24
1.40×
-1.41×
Q1 24

Financial Flow Comparison

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

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