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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $73.3M, roughly 1.7× Apollo Commercial Real Estate Finance, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs 1.5%, a 38.3% 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 -3.9%). Over the past eight quarters, Apollo Commercial Real Estate Finance, Inc.'s revenue compounded faster (-4.6% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ARI vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $124.7M |
| Net Profit | $29.2M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 39.7% | 3.3% |
| Net Margin | 39.9% | 1.5% |
| Revenue YoY | 4.0% | -3.9% |
| Net Profit YoY | -28.2% | -53.6% |
| EPS (diluted) | $0.19 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $61.6M | $85.1M | ||
| Q2 25 | $70.9M | $140.8M | ||
| Q1 25 | $65.8M | $115.9M | ||
| Q4 24 | $70.5M | $129.7M | ||
| Q3 24 | $71.6M | $88.3M | ||
| Q2 24 | $81.1M | $159.1M | ||
| Q1 24 | $80.5M | $137.5M |
| Q4 25 | $29.2M | $1.9M | ||
| Q3 25 | $50.8M | $-3.4M | ||
| Q2 25 | $20.7M | $8.6M | ||
| Q1 25 | $26.0M | $2.1M | ||
| Q4 24 | $40.7M | $4.5M | ||
| Q3 24 | $-91.5M | $-1.9M | ||
| Q2 24 | $35.8M | $27.9M | ||
| Q1 24 | $-104.5M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 39.7% | 3.3% | ||
| Q3 25 | 82.8% | -3.5% | ||
| Q2 25 | 29.4% | 9.3% | ||
| Q1 25 | 39.7% | 4.1% | ||
| Q4 24 | 57.9% | 5.8% | ||
| Q3 24 | -127.8% | -1.7% | ||
| Q2 24 | 44.2% | 17.4% | ||
| Q1 24 | -129.6% | 8.2% |
| Q4 25 | 39.9% | 1.5% | ||
| Q3 25 | 82.4% | -4.0% | ||
| Q2 25 | 29.3% | 6.1% | ||
| Q1 25 | 39.5% | 1.8% | ||
| Q4 24 | 57.7% | 3.5% | ||
| Q3 24 | -127.9% | -2.1% | ||
| Q2 24 | 44.1% | 17.5% | ||
| Q1 24 | -129.8% | 5.7% |
| Q4 25 | $0.19 | $0.04 | ||
| Q3 25 | $0.34 | $-0.08 | ||
| Q2 25 | $0.12 | $0.19 | ||
| Q1 25 | $0.16 | $0.05 | ||
| Q4 24 | $0.25 | $0.10 | ||
| Q3 24 | $-0.69 | $-0.04 | ||
| Q2 24 | $0.23 | $0.60 | ||
| Q1 24 | $-0.76 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $363.2M |
| Total Assets | $9.9B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $22.4M | ||
| Q3 25 | $245.9M | $18.0M | ||
| Q2 25 | $177.6M | $25.2M | ||
| Q1 25 | $166.4M | $26.7M | ||
| Q4 24 | $317.4M | $39.1M | ||
| Q3 24 | $194.3M | $35.5M | ||
| Q2 24 | $174.7M | $60.8M | ||
| Q1 24 | $161.2M | $47.4M |
| Q4 25 | $1.9B | $363.2M | ||
| Q3 25 | $1.9B | $364.4M | ||
| Q2 25 | $1.8B | $372.5M | ||
| Q1 25 | $1.9B | $366.9M | ||
| Q4 24 | $1.9B | $371.5M | ||
| Q3 24 | $1.9B | $380.0M | ||
| Q2 24 | $2.0B | $399.9M | ||
| Q1 24 | $2.0B | $376.4M |
| Q4 25 | $9.9B | $548.6M | ||
| Q3 25 | $9.5B | $554.6M | ||
| Q2 25 | $9.8B | $559.6M | ||
| Q1 25 | $8.8B | $578.9M | ||
| Q4 24 | $8.4B | $587.4M | ||
| Q3 24 | $9.1B | $571.3M | ||
| Q2 24 | $9.3B | $577.4M | ||
| Q1 24 | $9.2B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | — | $16.3M |
| FCF MarginFCF / Revenue | — | 13.1% |
| Capex IntensityCapex / Revenue | — | 8.8% |
| Cash ConversionOCF / Net Profit | 4.88× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $27.3M | ||
| Q3 25 | $31.7M | $-8.1M | ||
| Q2 25 | $63.2M | $40.8M | ||
| Q1 25 | $39.3M | $-9.8M | ||
| Q4 24 | $200.3M | $-7.4M | ||
| Q3 24 | $47.2M | $-30.8M | ||
| Q2 24 | $50.2M | $43.7M | ||
| Q1 24 | $52.8M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-12.4M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | — | $-10.7M | ||
| Q3 24 | — | $-35.5M | ||
| Q2 24 | — | $38.2M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | — | -14.6% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | -40.2% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | 4.88× | 14.22× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | 4.73× | ||
| Q1 25 | 1.51× | -4.68× | ||
| Q4 24 | 4.93× | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
