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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Vitesse Energy, Inc. (VTS). 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 $58.6M, roughly 1.2× Vitesse Energy, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -1.3%, a 41.1% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs 4.0%). Over the past eight quarters, Vitesse Energy, Inc.'s revenue compounded faster (-2.1% 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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
ARI vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $58.6M |
| Net Profit | $29.2M | $-739.0K |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -12.0% |
| Net Margin | 39.9% | -1.3% |
| Revenue YoY | 4.0% | 4.8% |
| Net Profit YoY | -28.2% | 85.6% |
| EPS (diluted) | $0.19 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $61.6M | $67.4M | ||
| Q2 25 | $70.9M | $81.8M | ||
| Q1 25 | $65.8M | $66.2M | ||
| Q4 24 | $70.5M | $55.9M | ||
| Q3 24 | $71.6M | $58.3M | ||
| Q2 24 | $81.1M | $66.6M | ||
| Q1 24 | $80.5M | $61.2M |
| Q4 25 | $29.2M | $-739.0K | ||
| Q3 25 | $50.8M | $-1.3M | ||
| Q2 25 | $20.7M | $24.7M | ||
| Q1 25 | $26.0M | $2.7M | ||
| Q4 24 | $40.7M | $-5.1M | ||
| Q3 24 | $-91.5M | $17.4M | ||
| Q2 24 | $35.8M | $10.9M | ||
| Q1 24 | $-104.5M | $-2.2M |
| Q4 25 | 39.7% | -12.0% | ||
| Q3 25 | 82.8% | 0.2% | ||
| Q2 25 | 29.4% | 22.8% | ||
| Q1 25 | 39.7% | 8.1% | ||
| Q4 24 | 57.9% | 3.7% | ||
| Q3 24 | -127.8% | 15.4% | ||
| Q2 24 | 44.2% | 25.2% | ||
| Q1 24 | -129.6% | 21.4% |
| Q4 25 | 39.9% | -1.3% | ||
| Q3 25 | 82.4% | -1.9% | ||
| Q2 25 | 29.3% | 30.2% | ||
| Q1 25 | 39.5% | 4.0% | ||
| Q4 24 | 57.7% | -9.2% | ||
| Q3 24 | -127.9% | 29.9% | ||
| Q2 24 | 44.1% | 16.4% | ||
| Q1 24 | -129.8% | -3.6% |
| Q4 25 | $0.19 | $-0.01 | ||
| Q3 25 | $0.34 | $-0.03 | ||
| Q2 25 | $0.12 | $0.60 | ||
| Q1 25 | $0.16 | $0.08 | ||
| Q4 24 | $0.25 | $-0.15 | ||
| Q3 24 | $-0.69 | $0.53 | ||
| Q2 24 | $0.23 | $0.33 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $629.3M |
| Total Assets | $9.9B | $893.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | — | ||
| Q3 25 | $245.9M | — | ||
| Q2 25 | $177.6M | — | ||
| Q1 25 | $166.4M | $4.5M | ||
| Q4 24 | $317.4M | $3.0M | ||
| Q3 24 | $194.3M | — | ||
| Q2 24 | $174.7M | — | ||
| Q1 24 | $161.2M | — |
| Q4 25 | $1.9B | $629.3M | ||
| Q3 25 | $1.9B | $650.3M | ||
| Q2 25 | $1.8B | $671.9M | ||
| Q1 25 | $1.9B | $667.7M | ||
| Q4 24 | $1.9B | $500.3M | ||
| Q3 24 | $1.9B | $520.4M | ||
| Q2 24 | $2.0B | $518.5M | ||
| Q1 24 | $2.0B | $522.7M |
| Q4 25 | $9.9B | $893.4M | ||
| Q3 25 | $9.5B | $932.9M | ||
| Q2 25 | $9.8B | $951.5M | ||
| Q1 25 | $8.8B | $975.2M | ||
| Q4 24 | $8.4B | $810.9M | ||
| Q3 24 | $9.1B | $791.2M | ||
| Q2 24 | $9.3B | $778.4M | ||
| Q1 24 | $9.2B | $749.7M |
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 | $37.4M |
| 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.
| Q4 25 | $142.5M | $37.4M | ||
| Q3 25 | $31.7M | $49.4M | ||
| Q2 25 | $63.2M | $66.0M | ||
| Q1 25 | $39.3M | $17.5M | ||
| Q4 24 | $200.3M | $34.7M | ||
| Q3 24 | $47.2M | $45.7M | ||
| Q2 24 | $50.2M | $35.2M | ||
| Q1 24 | $52.8M | $39.4M |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | 2.68× | ||
| Q1 25 | 1.51× | 6.56× | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | 1.40× | 3.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
