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Side-by-side financial comparison of AMERICAN REALTY INVESTORS INC (ARL) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $13.0M, roughly 1.1× AMERICAN REALTY INVESTORS INC). AMERICAN REALTY INVESTORS INC runs the higher net margin — 75.2% vs -34.7%, a 109.9% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 8.1%). Over the past eight quarters, AMERICAN REALTY INVESTORS INC's revenue compounded faster (4.6% CAGR vs -26.3%).

Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. In August 2021, the company was acquired by Kimco Realty.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

ARL vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.1× larger
FENC
$13.8M
$13.0M
ARL
Growing faster (revenue YoY)
FENC
FENC
+65.8% gap
FENC
73.8%
8.1%
ARL
Higher net margin
ARL
ARL
109.9% more per $
ARL
75.2%
-34.7%
FENC
Faster 2-yr revenue CAGR
ARL
ARL
Annualised
ARL
4.6%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARL
ARL
FENC
FENC
Revenue
$13.0M
$13.8M
Net Profit
$9.8M
$-4.8M
Gross Margin
Operating Margin
-23.3%
-18.5%
Net Margin
75.2%
-34.7%
Revenue YoY
8.1%
73.8%
Net Profit YoY
6175.8%
-141.1%
EPS (diluted)
$0.60
$-0.17

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
ARL
ARL
FENC
FENC
Q4 25
$13.0M
$13.8M
Q3 25
$12.8M
$12.5M
Q2 25
$12.2M
$9.7M
Q1 25
$12.0M
$8.8M
Q4 24
$12.0M
$7.9M
Q3 24
$11.6M
$7.0M
Q2 24
$11.8M
$7.3M
Q1 24
$11.9M
$25.4M
Net Profit
ARL
ARL
FENC
FENC
Q4 25
$9.8M
$-4.8M
Q3 25
$129.0K
$-638.0K
Q2 25
$2.8M
$-3.2M
Q1 25
$3.0M
$-1.2M
Q4 24
$-161.0K
$-2.0M
Q3 24
$-17.5M
$-5.7M
Q2 24
$1.2M
$-5.6M
Q1 24
$1.8M
$12.8M
Operating Margin
ARL
ARL
FENC
FENC
Q4 25
-23.3%
-18.5%
Q3 25
-12.3%
-1.5%
Q2 25
-8.3%
-28.3%
Q1 25
-6.8%
-9.2%
Q4 24
-14.8%
-11.8%
Q3 24
-17.8%
-74.6%
Q2 24
-10.8%
-69.4%
Q1 24
-12.7%
54.2%
Net Margin
ARL
ARL
FENC
FENC
Q4 25
75.2%
-34.7%
Q3 25
1.0%
-5.1%
Q2 25
23.2%
-32.7%
Q1 25
24.7%
-13.3%
Q4 24
-1.3%
-25.0%
Q3 24
-150.4%
-82.2%
Q2 24
9.9%
-76.5%
Q1 24
14.7%
50.6%
EPS (diluted)
ARL
ARL
FENC
FENC
Q4 25
$0.60
$-0.17
Q3 25
$0.01
$-0.02
Q2 25
$0.18
$-0.11
Q1 25
$0.18
$-0.04
Q4 24
$-0.01
$-0.02
Q3 24
$-1.08
$-0.21
Q2 24
$0.07
$-0.20
Q1 24
$0.11
$0.41

Balance Sheet & Financial Strength

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

Metric
ARL
ARL
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$89.1M
$36.8M
Total DebtLower is stronger
$214.4M
Stockholders' EquityBook value
$617.4M
$35.5M
Total Assets
$1.1B
$70.6M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARL
ARL
FENC
FENC
Q4 25
$89.1M
$36.8M
Q3 25
$82.8M
$21.9M
Q2 25
$73.5M
$18.7M
Q1 25
$88.7M
$22.7M
Q4 24
$99.7M
$26.6M
Q3 24
$131.6M
$40.3M
Q2 24
$127.5M
$43.1M
Q1 24
$130.9M
$51.2M
Total Debt
ARL
ARL
FENC
FENC
Q4 25
$214.4M
Q3 25
$227.0M
$19.4M
Q2 25
$216.0M
$19.4M
Q1 25
$201.7M
$19.4M
Q4 24
$185.4M
$19.3M
Q3 24
$183.8M
$32.1M
Q2 24
$181.0M
$31.8M
Q1 24
$181.8M
$31.3M
Stockholders' Equity
ARL
ARL
FENC
FENC
Q4 25
$617.4M
$35.5M
Q3 25
$607.8M
$-4.5M
Q2 25
$607.8M
$-7.5M
Q1 25
$604.9M
$-5.9M
Q4 24
$601.8M
$-5.9M
Q3 24
$602.2M
$-5.2M
Q2 24
$619.9M
$-1.4M
Q1 24
$618.8M
$3.0M
Total Assets
ARL
ARL
FENC
FENC
Q4 25
$1.1B
$70.6M
Q3 25
$1.1B
$49.3M
Q2 25
$1.1B
$44.9M
Q1 25
$1.0B
$46.4M
Q4 24
$1.0B
$44.9M
Q3 24
$1.0B
$58.9M
Q2 24
$1.0B
$63.2M
Q1 24
$1.0B
$69.2M
Debt / Equity
ARL
ARL
FENC
FENC
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.36×
Q1 25
0.33×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.29×
Q1 24
0.29×
10.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARL
ARL
FENC
FENC
Operating Cash FlowLast quarter
$-5.6M
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARL
ARL
FENC
FENC
Q4 25
$-5.6M
$-6.0M
Q3 25
$8.0M
$1.5M
Q2 25
$-2.9M
$-3.7M
Q1 25
$-7.4M
$-4.3M
Q4 24
$1.1M
$-1.5M
Q3 24
$13.5M
$-2.2M
Q2 24
$-503.0K
$-8.4M
Q1 24
$3.9M
$39.0M
Cash Conversion
ARL
ARL
FENC
FENC
Q4 25
-0.57×
Q3 25
61.81×
Q2 25
-1.03×
Q1 25
-2.50×
Q4 24
Q3 24
Q2 24
-0.43×
Q1 24
2.21×
3.04×

Financial Flow Comparison

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

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