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Side-by-side financial comparison of AMREP CORP. (AXR) and Beneficient (BENF). Click either name above to swap in a different company.
Beneficient is the larger business by last-quarter revenue ($18.7M vs $14.6M, roughly 1.3× AMREP CORP.). Beneficient runs the higher net margin — 106.7% vs 21.6%, a 85.1% gap on every dollar of revenue. On growth, Beneficient posted the faster year-over-year revenue change (322.5% vs 93.8%).
AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.
Beneficient is a financial services firm specializing in alternative asset liquidity solutions. It offers tailored options for holders of illiquid alternative investments including private equity, hedge fund stakes, and real assets, serving institutional investors, high-net-worth individuals, and family offices primarily in North America.
AXR vs BENF — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | ||
|---|---|---|
| Revenue | $14.6M | $18.7M |
| Net Profit | $3.1M | $19.9M |
| Gross Margin | — | — |
| Operating Margin | 20.6% | 21.1% |
| Net Margin | 21.6% | 106.7% |
| Revenue YoY | 93.8% | 322.5% |
| Net Profit YoY | 338.9% | 330.5% |
| EPS (diluted) | $0.58 | — |
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.
| Q1 26 | $14.6M | — | ||
| Q4 25 | $9.4M | $18.7M | ||
| Q3 25 | $17.9M | $-2.8M | ||
| Q2 25 | $11.2M | $-12.6M | ||
| Q1 25 | $7.5M | $-31.0M | ||
| Q4 24 | $11.9M | $4.4M | ||
| Q3 24 | $19.1M | $8.6M | ||
| Q2 24 | $19.5M | $10.0M |
| Q1 26 | $3.1M | — | ||
| Q4 25 | $1.2M | $19.9M | ||
| Q3 25 | $4.7M | $-17.9M | ||
| Q2 25 | $3.9M | $-92.6M | ||
| Q1 25 | $717.0K | $-44.6M | ||
| Q4 24 | $4.0M | $-8.6M | ||
| Q3 24 | $4.1M | $9.7M | ||
| Q2 24 | $4.1M | $44.3M |
| Q1 26 | 20.6% | — | ||
| Q4 25 | 11.9% | 21.1% | ||
| Q3 25 | 34.4% | 646.5% | ||
| Q2 25 | 31.7% | 734.0% | ||
| Q1 25 | 5.7% | 146.3% | ||
| Q4 24 | 26.4% | -215.3% | ||
| Q3 24 | 26.1% | -160.2% | ||
| Q2 24 | 23.9% | — |
| Q1 26 | 21.6% | — | ||
| Q4 25 | 12.8% | 106.7% | ||
| Q3 25 | 26.3% | 648.1% | ||
| Q2 25 | 34.8% | 734.0% | ||
| Q1 25 | 9.5% | 144.1% | ||
| Q4 24 | 33.9% | -195.5% | ||
| Q3 24 | 21.3% | 113.9% | ||
| Q2 24 | 21.2% | 441.1% |
| Q1 26 | $0.58 | — | ||
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.87 | — | ||
| Q2 25 | $0.73 | — | ||
| Q1 25 | $0.13 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.76 | — | ||
| Q2 24 | $0.77 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $50.0M | $7.9M |
| Total DebtLower is stronger | $21.0K | — |
| Stockholders' EquityBook value | $139.4M | $-128.6M |
| Total Assets | $143.9M | $337.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $50.0M | — | ||
| Q4 25 | $44.6M | $7.9M | ||
| Q3 25 | $48.9M | $4.9M | ||
| Q2 25 | $39.5M | $7.6M | ||
| Q1 25 | $36.9M | $1.3M | ||
| Q4 24 | $40.1M | $4.1M | ||
| Q3 24 | $40.4M | $4.5M | ||
| Q2 24 | $29.7M | $4.4M |
| Q1 26 | $21.0K | — | ||
| Q4 25 | $23.0K | — | ||
| Q3 25 | $25.0K | — | ||
| Q2 25 | $26.0K | — | ||
| Q1 25 | $29.0K | — | ||
| Q4 24 | $32.0K | — | ||
| Q3 24 | $34.0K | — | ||
| Q2 24 | $35.0K | — |
| Q1 26 | $139.4M | — | ||
| Q4 25 | $136.0M | $-128.6M | ||
| Q3 25 | $134.7M | $-142.8M | ||
| Q2 25 | $130.0M | $-120.4M | ||
| Q1 25 | $126.0M | $-34.9M | ||
| Q4 24 | $125.1M | $14.3M | ||
| Q3 24 | $122.2M | $-13.2M | ||
| Q2 24 | $118.0M | $-148.3M |
| Q1 26 | $143.9M | — | ||
| Q4 25 | $140.1M | $337.9M | ||
| Q3 25 | $140.7M | $316.2M | ||
| Q2 25 | $133.8M | $334.5M | ||
| Q1 25 | $128.9M | $354.9M | ||
| Q4 24 | $129.1M | $400.0M | ||
| Q3 24 | $127.0M | $368.8M | ||
| Q2 24 | $122.8M | $361.3M |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — |
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 | $5.4M | $-9.4M |
| Free Cash FlowOCF − Capex | $5.4M | — |
| FCF MarginFCF / Revenue | 37.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.72× | -0.47× |
| TTM Free Cash FlowTrailing 4 quarters | $20.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.4M | — | ||
| Q4 25 | $-4.3M | $-9.4M | ||
| Q3 25 | $9.5M | $-14.5M | ||
| Q2 25 | $10.2M | $-10.8M | ||
| Q1 25 | $-3.2M | $-37.7M | ||
| Q4 24 | $-182.0K | $-10.0M | ||
| Q3 24 | $10.7M | $-8.6M | ||
| Q2 24 | $10.7M | $-10.6M |
| Q1 26 | $5.4M | — | ||
| Q4 25 | $-4.3M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $9.7M | $-10.9M | ||
| Q1 25 | $-3.3M | $-38.8M | ||
| Q4 24 | $-268.0K | $-10.0M | ||
| Q3 24 | $10.7M | $-8.9M | ||
| Q2 24 | $10.3M | $-11.3M |
| Q1 26 | 37.0% | — | ||
| Q4 25 | -45.9% | — | ||
| Q3 25 | 53.2% | — | ||
| Q2 25 | 86.4% | 86.6% | ||
| Q1 25 | -43.4% | 125.3% | ||
| Q4 24 | -2.3% | -227.2% | ||
| Q3 24 | 55.8% | -103.7% | ||
| Q2 24 | 52.5% | -112.6% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 5.2% | -0.8% | ||
| Q1 25 | 0.3% | -3.5% | ||
| Q4 24 | 0.7% | 1.0% | ||
| Q3 24 | 0.2% | 3.1% | ||
| Q2 24 | 2.3% | 6.6% |
| Q1 26 | 1.72× | — | ||
| Q4 25 | -3.54× | -0.47× | ||
| Q3 25 | 2.03× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | -4.51× | — | ||
| Q4 24 | -0.05× | — | ||
| Q3 24 | 2.63× | -0.88× | ||
| Q2 24 | 2.59× | -0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXR
Segment breakdown not available.
BENF
| Ben Liquidity | $8.2M | 44% |
| Other | $7.6M | 41% |
| Ben Custody | $2.9M | 16% |