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Side-by-side financial comparison of BRT Apartments Corp. (BRT) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

BRT Apartments Corp. is the larger business by last-quarter revenue ($24.3M vs $13.8M, roughly 1.8× FENNEC PHARMACEUTICALS INC.). BRT Apartments Corp. runs the higher net margin — -17.8% vs -34.7%, a 17.0% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 1.3%). Over the past eight quarters, BRT Apartments Corp.'s revenue compounded faster (1.9% CAGR vs -26.3%).

BRT Apartments Corp is a publicly traded real estate investment trust that owns, operates, and develops multi-family residential properties primarily across high-growth markets in the United States. Its core portfolio consists of garden-style and mid-rise apartment communities, serving diverse renter groups while targeting long-term asset value appreciation and stable dividend returns for its shareholders.

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.

BRT vs FENC — Head-to-Head

Bigger by revenue
BRT
BRT
1.8× larger
BRT
$24.3M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+72.5% gap
FENC
73.8%
1.3%
BRT
Higher net margin
BRT
BRT
17.0% more per $
BRT
-17.8%
-34.7%
FENC
Faster 2-yr revenue CAGR
BRT
BRT
Annualised
BRT
1.9%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRT
BRT
FENC
FENC
Revenue
$24.3M
$13.8M
Net Profit
$-4.3M
$-4.8M
Gross Margin
Operating Margin
-14.3%
-18.5%
Net Margin
-17.8%
-34.7%
Revenue YoY
1.3%
73.8%
Net Profit YoY
-108.7%
-141.1%
EPS (diluted)
$-0.23
$-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
BRT
BRT
FENC
FENC
Q4 25
$24.3M
$13.8M
Q3 25
$24.4M
$12.5M
Q2 25
$24.2M
$9.7M
Q1 25
$24.1M
$8.8M
Q4 24
$24.0M
$7.9M
Q3 24
$24.4M
$7.0M
Q2 24
$23.9M
$7.3M
Q1 24
$23.4M
$25.4M
Net Profit
BRT
BRT
FENC
FENC
Q4 25
$-4.3M
$-4.8M
Q3 25
$-2.7M
$-638.0K
Q2 25
$-2.6M
$-3.2M
Q1 25
$-2.4M
$-1.2M
Q4 24
$-2.1M
$-2.0M
Q3 24
$-2.2M
$-5.7M
Q2 24
$-2.3M
$-5.6M
Q1 24
$-3.2M
$12.8M
Operating Margin
BRT
BRT
FENC
FENC
Q4 25
-14.3%
-18.5%
Q3 25
-13.7%
-1.5%
Q2 25
-12.2%
-28.3%
Q1 25
-11.3%
-9.2%
Q4 24
-14.3%
-11.8%
Q3 24
-11.7%
-74.6%
Q2 24
-11.6%
-69.4%
Q1 24
-14.0%
54.2%
Net Margin
BRT
BRT
FENC
FENC
Q4 25
-17.8%
-34.7%
Q3 25
-11.1%
-5.1%
Q2 25
-10.6%
-32.7%
Q1 25
-9.8%
-13.3%
Q4 24
-8.6%
-25.0%
Q3 24
-9.0%
-82.2%
Q2 24
-9.8%
-76.5%
Q1 24
-13.5%
50.6%
EPS (diluted)
BRT
BRT
FENC
FENC
Q4 25
$-0.23
$-0.17
Q3 25
$-0.14
$-0.02
Q2 25
$-0.14
$-0.11
Q1 25
$-0.12
$-0.04
Q4 24
$-0.10
$-0.02
Q3 24
$-0.12
$-0.21
Q2 24
$-0.13
$-0.20
Q1 24
$-0.17
$0.41

Balance Sheet & Financial Strength

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

Metric
BRT
BRT
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$25.1M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$177.2M
$35.5M
Total Assets
$709.8M
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRT
BRT
FENC
FENC
Q4 25
$25.1M
$36.8M
Q3 25
$21.1M
$21.9M
Q2 25
$23.6M
$18.7M
Q1 25
$24.4M
$22.7M
Q4 24
$27.9M
$26.6M
Q3 24
$45.8M
$40.3M
Q2 24
$18.9M
$43.1M
Q1 24
$21.3M
$51.2M
Total Debt
BRT
BRT
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
BRT
BRT
FENC
FENC
Q4 25
$177.2M
$35.5M
Q3 25
$186.7M
$-4.5M
Q2 25
$192.1M
$-7.5M
Q1 25
$198.5M
$-5.9M
Q4 24
$205.0M
$-5.9M
Q3 24
$209.9M
$-5.2M
Q2 24
$214.7M
$-1.4M
Q1 24
$220.7M
$3.0M
Total Assets
BRT
BRT
FENC
FENC
Q4 25
$709.8M
$70.6M
Q3 25
$714.2M
$49.3M
Q2 25
$699.6M
$44.9M
Q1 25
$703.9M
$46.4M
Q4 24
$713.5M
$44.9M
Q3 24
$717.7M
$58.9M
Q2 24
$694.7M
$63.2M
Q1 24
$699.5M
$69.2M
Debt / Equity
BRT
BRT
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
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
BRT
BRT
FENC
FENC
Operating Cash FlowLast quarter
$14.1M
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRT
BRT
FENC
FENC
Q4 25
$14.1M
$-6.0M
Q3 25
$9.1M
$1.5M
Q2 25
$8.5M
$-3.7M
Q1 25
$246.0K
$-4.3M
Q4 24
$24.1M
$-1.5M
Q3 24
$9.0M
$-2.2M
Q2 24
$6.9M
$-8.4M
Q1 24
$653.0K
$39.0M
Cash Conversion
BRT
BRT
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRT
BRT

Unconsolidated Joint Ventures$13.2M54%
Other$11.1M46%

FENC
FENC

Segment breakdown not available.

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