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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) and AVITA Medical, Inc. (RCEL). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $17.6M, roughly 1.0× AVITA Medical, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -66.0%, a 77.8% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -4.3%). Over the past eight quarters, AVITA Medical, Inc.'s revenue compounded faster (26.0% CAGR vs 21.4%).

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

PINE vs RCEL — Head-to-Head

Bigger by revenue
PINE
PINE
1.0× larger
PINE
$18.4M
$17.6M
RCEL
Growing faster (revenue YoY)
PINE
PINE
+33.9% gap
PINE
29.6%
-4.3%
RCEL
Higher net margin
PINE
PINE
77.8% more per $
PINE
11.9%
-66.0%
RCEL
Faster 2-yr revenue CAGR
RCEL
RCEL
Annualised
RCEL
26.0%
21.4%
PINE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PINE
PINE
RCEL
RCEL
Revenue
$18.4M
$17.6M
Net Profit
$2.2M
$-11.6M
Gross Margin
81.2%
Operating Margin
35.4%
-59.1%
Net Margin
11.9%
-66.0%
Revenue YoY
29.6%
-4.3%
Net Profit YoY
285.3%
-0.3%
EPS (diluted)
$0.06
$-0.37

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
PINE
PINE
RCEL
RCEL
Q1 26
$18.4M
Q4 25
$16.9M
$17.6M
Q3 25
$14.6M
$17.1M
Q2 25
$14.9M
$18.4M
Q1 25
$14.2M
$18.5M
Q4 24
$13.8M
$18.4M
Q3 24
$13.5M
$19.5M
Q2 24
$12.5M
$15.2M
Net Profit
PINE
PINE
RCEL
RCEL
Q1 26
$2.2M
Q4 25
$1.5M
$-11.6M
Q3 25
$-1.3M
$-13.2M
Q2 25
$-1.6M
$-9.9M
Q1 25
$-1.2M
$-13.9M
Q4 24
$-958.0K
$-11.6M
Q3 24
$3.1M
$-16.2M
Q2 24
$204.0K
$-15.4M
Gross Margin
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Operating Margin
PINE
PINE
RCEL
RCEL
Q1 26
35.4%
Q4 25
35.3%
-59.1%
Q3 25
16.6%
-53.6%
Q2 25
16.8%
-60.5%
Q1 25
16.0%
-63.9%
Q4 24
14.3%
-54.1%
Q3 24
47.9%
-70.6%
Q2 24
24.0%
-102.8%
Net Margin
PINE
PINE
RCEL
RCEL
Q1 26
11.9%
Q4 25
8.7%
-66.0%
Q3 25
-9.0%
-77.3%
Q2 25
-11.0%
-53.9%
Q1 25
-8.3%
-74.9%
Q4 24
-6.9%
-63.0%
Q3 24
22.8%
-82.9%
Q2 24
1.6%
-101.3%
EPS (diluted)
PINE
PINE
RCEL
RCEL
Q1 26
$0.06
Q4 25
$0.07
$-0.37
Q3 25
$-0.09
$-0.46
Q2 25
$-0.12
$-0.38
Q1 25
$-0.08
$-0.53
Q4 24
$-0.06
$-0.44
Q3 24
$0.21
$-0.62
Q2 24
$0.01
$-0.60

Balance Sheet & Financial Strength

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

Metric
PINE
PINE
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$2.6M
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
$-16.6M
Total Assets
$745.1M
$56.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
RCEL
RCEL
Q1 26
$2.6M
Q4 25
$4.6M
$18.2M
Q3 25
$1.2M
$23.3M
Q2 25
$5.0M
$15.7M
Q1 25
$6.1M
$25.8M
Q4 24
$1.6M
$35.9M
Q3 24
$2.6M
$44.4M
Q2 24
$3.3M
$54.1M
Total Debt
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
PINE
PINE
RCEL
RCEL
Q1 26
$312.5M
Q4 25
$279.9M
$-16.6M
Q3 25
$223.5M
$-6.7M
Q2 25
$229.8M
$-12.9M
Q1 25
$240.9M
$-4.6M
Q4 24
$253.0M
$4.5M
Q3 24
$248.2M
$12.2M
Q2 24
$244.0M
$23.9M
Total Assets
PINE
PINE
RCEL
RCEL
Q1 26
$745.1M
Q4 25
$715.9M
$56.4M
Q3 25
$621.4M
$63.7M
Q2 25
$628.4M
$58.1M
Q1 25
$647.4M
$69.6M
Q4 24
$605.0M
$79.7M
Q3 24
$579.0M
$81.1M
Q2 24
$565.8M
$87.8M
Debt / Equity
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

Cash Flow & Capital Efficiency

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

Metric
PINE
PINE
RCEL
RCEL
Operating Cash FlowLast quarter
$-5.4M
Free Cash FlowOCF − Capex
$-6.1M
FCF MarginFCF / Revenue
-34.7%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
$25.8M
$-5.4M
Q3 25
$8.7M
$-5.2M
Q2 25
$9.1M
$-10.2M
Q1 25
$5.8M
$-10.3M
Q4 24
$23.4M
$-8.1M
Q3 24
$6.2M
$-7.2M
Q2 24
$8.0M
$-12.8M
Free Cash Flow
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
$-87.8M
$-6.1M
Q3 25
$-48.8M
$-6.2M
Q2 25
$-3.0M
$-10.8M
Q1 25
$-55.5M
$-10.5M
Q4 24
$-33.4M
$-9.7M
Q3 24
$-43.0M
$-11.0M
Q2 24
$-13.5M
$-15.4M
FCF Margin
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
-519.4%
-34.7%
Q3 25
-334.9%
-36.1%
Q2 25
-20.0%
-58.4%
Q1 25
-391.0%
-56.9%
Q4 24
-242.4%
-52.7%
Q3 24
-319.3%
-56.1%
Q2 24
-108.0%
-101.6%
Capex Intensity
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
671.8%
3.8%
Q3 25
394.8%
5.5%
Q2 25
81.2%
2.8%
Q1 25
432.0%
1.2%
Q4 24
412.3%
8.8%
Q3 24
365.4%
19.2%
Q2 24
172.3%
17.5%
Cash Conversion
PINE
PINE
RCEL
RCEL
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

RCEL
RCEL

Segment breakdown not available.

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