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Side-by-side financial comparison of AMERICAN REALTY INVESTORS INC (ARL) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $13.0M, roughly 1.0× AMERICAN REALTY INVESTORS INC). AMERICAN REALTY INVESTORS INC runs the higher net margin — 75.2% vs -73.9%, a 149.0% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 8.1%). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 4.6%).

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.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

ARL vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.0× larger
TLSI
$13.2M
$13.0M
ARL
Growing faster (revenue YoY)
TLSI
TLSI
+51.8% gap
TLSI
59.8%
8.1%
ARL
Higher net margin
ARL
ARL
149.0% more per $
ARL
75.2%
-73.9%
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
4.6%
ARL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARL
ARL
TLSI
TLSI
Revenue
$13.0M
$13.2M
Net Profit
$9.8M
$-9.8M
Gross Margin
86.7%
Operating Margin
-23.3%
-24.8%
Net Margin
75.2%
-73.9%
Revenue YoY
8.1%
59.8%
Net Profit YoY
6175.8%
3.5%
EPS (diluted)
$0.60
$-0.22

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
TLSI
TLSI
Q4 25
$13.0M
$13.2M
Q3 25
$12.8M
$11.6M
Q2 25
$12.2M
$11.2M
Q1 25
$12.0M
$9.2M
Q4 24
$12.0M
$8.3M
Q3 24
$11.6M
$7.3M
Q2 24
$11.8M
$7.4M
Q1 24
$11.9M
$6.5M
Net Profit
ARL
ARL
TLSI
TLSI
Q4 25
$9.8M
$-9.8M
Q3 25
$129.0K
$-10.8M
Q2 25
$2.8M
$-8.3M
Q1 25
$3.0M
$-10.4M
Q4 24
$-161.0K
$-10.1M
Q3 24
$-17.5M
$-2.4M
Q2 24
$1.2M
$-4.3M
Q1 24
$1.8M
$-13.2M
Gross Margin
ARL
ARL
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
ARL
ARL
TLSI
TLSI
Q4 25
-23.3%
-24.8%
Q3 25
-12.3%
-77.9%
Q2 25
-8.3%
-65.4%
Q1 25
-6.8%
-79.9%
Q4 24
-14.8%
-91.8%
Q3 24
-17.8%
-118.9%
Q2 24
-10.8%
-111.0%
Q1 24
-12.7%
-180.8%
Net Margin
ARL
ARL
TLSI
TLSI
Q4 25
75.2%
-73.9%
Q3 25
1.0%
-93.5%
Q2 25
23.2%
-73.9%
Q1 25
24.7%
-113.2%
Q4 24
-1.3%
-122.4%
Q3 24
-150.4%
-32.6%
Q2 24
9.9%
-58.8%
Q1 24
14.7%
-204.5%
EPS (diluted)
ARL
ARL
TLSI
TLSI
Q4 25
$0.60
$-0.22
Q3 25
$0.01
$-0.96
Q2 25
$0.18
$-0.27
Q1 25
$0.18
$-0.39
Q4 24
$-0.01
$-0.38
Q3 24
$-1.08
$-0.12
Q2 24
$0.07
$-0.21
Q1 24
$0.11
$-0.60

Balance Sheet & Financial Strength

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

Metric
ARL
ARL
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$89.1M
$20.4M
Total DebtLower is stronger
$214.4M
Stockholders' EquityBook value
$617.4M
$-33.9M
Total Assets
$1.1B
$35.3M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARL
ARL
TLSI
TLSI
Q4 25
$89.1M
$20.4M
Q3 25
$82.8M
$22.7M
Q2 25
$73.5M
$26.5M
Q1 25
$88.7M
$13.0M
Q4 24
$99.7M
$8.5M
Q3 24
$131.6M
$11.3M
Q2 24
$127.5M
$16.5M
Q1 24
$130.9M
$4.0M
Total Debt
ARL
ARL
TLSI
TLSI
Q4 25
$214.4M
Q3 25
$227.0M
Q2 25
$216.0M
Q1 25
$201.7M
Q4 24
$185.4M
Q3 24
$183.8M
Q2 24
$181.0M
Q1 24
$181.8M
Stockholders' Equity
ARL
ARL
TLSI
TLSI
Q4 25
$617.4M
$-33.9M
Q3 25
$607.8M
$-26.7M
Q2 25
$607.8M
$-19.4M
Q1 25
$604.9M
$-34.4M
Q4 24
$601.8M
$-25.9M
Q3 24
$602.2M
$-20.4M
Q2 24
$619.9M
$-25.3M
Q1 24
$618.8M
$-36.0M
Total Assets
ARL
ARL
TLSI
TLSI
Q4 25
$1.1B
$35.3M
Q3 25
$1.1B
$36.5M
Q2 25
$1.1B
$41.3M
Q1 25
$1.0B
$28.6M
Q4 24
$1.0B
$24.0M
Q3 24
$1.0B
$27.5M
Q2 24
$1.0B
$32.4M
Q1 24
$1.0B
$17.9M
Debt / Equity
ARL
ARL
TLSI
TLSI
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×

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
TLSI
TLSI
Operating Cash FlowLast quarter
$-5.6M
$-2.5M
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-19.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
-0.57×
TTM Free Cash FlowTrailing 4 quarters
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARL
ARL
TLSI
TLSI
Q4 25
$-5.6M
$-2.5M
Q3 25
$8.0M
$-3.7M
Q2 25
$-2.9M
$-7.3M
Q1 25
$-7.4M
$-4.5M
Q4 24
$1.1M
$-5.7M
Q3 24
$13.5M
$-10.8M
Q2 24
$-503.0K
$-13.4M
Q1 24
$3.9M
$-10.9M
Free Cash Flow
ARL
ARL
TLSI
TLSI
Q4 25
$-2.5M
Q3 25
$-3.9M
Q2 25
$-7.4M
Q1 25
$-5.3M
Q4 24
$-5.8M
Q3 24
$-11.0M
Q2 24
$-13.5M
Q1 24
$-10.9M
FCF Margin
ARL
ARL
TLSI
TLSI
Q4 25
-19.1%
Q3 25
-33.9%
Q2 25
-66.1%
Q1 25
-57.3%
Q4 24
-69.7%
Q3 24
-149.9%
Q2 24
-183.1%
Q1 24
-169.3%
Capex Intensity
ARL
ARL
TLSI
TLSI
Q4 25
0.3%
Q3 25
1.9%
Q2 25
0.8%
Q1 25
8.2%
Q4 24
0.6%
Q3 24
2.3%
Q2 24
0.8%
Q1 24
1.0%
Cash Conversion
ARL
ARL
TLSI
TLSI
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×

Financial Flow Comparison

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

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