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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $18.4M, roughly 1.2× Alpine Income Property Trust, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs 0.8%, a 11.1% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs 22.9%). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

PINE vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.2× larger
RFIL
$22.7M
$18.4M
PINE
Growing faster (revenue YoY)
PINE
PINE
+6.6% gap
PINE
29.6%
22.9%
RFIL
Higher net margin
PINE
PINE
11.1% more per $
PINE
11.9%
0.8%
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
21.4%
PINE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PINE
PINE
RFIL
RFIL
Revenue
$18.4M
$22.7M
Net Profit
$2.2M
$173.0K
Gross Margin
36.8%
Operating Margin
35.4%
4.0%
Net Margin
11.9%
0.8%
Revenue YoY
29.6%
22.9%
Net Profit YoY
285.3%
172.7%
EPS (diluted)
$0.06
$0.01

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
RFIL
RFIL
Q1 26
$18.4M
Q4 25
$16.9M
$22.7M
Q3 25
$14.6M
$19.8M
Q2 25
$14.9M
$18.9M
Q1 25
$14.2M
$19.2M
Q4 24
$13.8M
$18.5M
Q3 24
$13.5M
$16.8M
Q2 24
$12.5M
$16.1M
Net Profit
PINE
PINE
RFIL
RFIL
Q1 26
$2.2M
Q4 25
$1.5M
$173.0K
Q3 25
$-1.3M
$392.0K
Q2 25
$-1.6M
$-245.0K
Q1 25
$-1.2M
$-245.0K
Q4 24
$-958.0K
$-238.0K
Q3 24
$3.1M
$-705.0K
Q2 24
$204.0K
$-4.3M
Gross Margin
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Operating Margin
PINE
PINE
RFIL
RFIL
Q1 26
35.4%
Q4 25
35.3%
4.0%
Q3 25
16.6%
3.6%
Q2 25
16.8%
0.6%
Q1 25
16.0%
0.3%
Q4 24
14.3%
0.5%
Q3 24
47.9%
-2.5%
Q2 24
24.0%
-2.6%
Net Margin
PINE
PINE
RFIL
RFIL
Q1 26
11.9%
Q4 25
8.7%
0.8%
Q3 25
-9.0%
2.0%
Q2 25
-11.0%
-1.3%
Q1 25
-8.3%
-1.3%
Q4 24
-6.9%
-1.3%
Q3 24
22.8%
-4.2%
Q2 24
1.6%
-26.7%
EPS (diluted)
PINE
PINE
RFIL
RFIL
Q1 26
$0.06
Q4 25
$0.07
$0.01
Q3 25
$-0.09
$0.04
Q2 25
$-0.12
$-0.02
Q1 25
$-0.08
$-0.02
Q4 24
$-0.06
$-0.02
Q3 24
$0.21
$-0.07
Q2 24
$0.01
$-0.41

Balance Sheet & Financial Strength

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

Metric
PINE
PINE
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$2.6M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
$35.2M
Total Assets
$745.1M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
RFIL
RFIL
Q1 26
$2.6M
Q4 25
$4.6M
$5.1M
Q3 25
$1.2M
$3.0M
Q2 25
$5.0M
$3.6M
Q1 25
$6.1M
$1.3M
Q4 24
$1.6M
$839.0K
Q3 24
$2.6M
$1.8M
Q2 24
$3.3M
$1.4M
Total Debt
PINE
PINE
RFIL
RFIL
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
RFIL
RFIL
Q1 26
$312.5M
Q4 25
$279.9M
$35.2M
Q3 25
$223.5M
$34.8M
Q2 25
$229.8M
$34.2M
Q1 25
$240.9M
$34.2M
Q4 24
$253.0M
$34.1M
Q3 24
$248.2M
$34.1M
Q2 24
$244.0M
$34.6M
Total Assets
PINE
PINE
RFIL
RFIL
Q1 26
$745.1M
Q4 25
$715.9M
$73.0M
Q3 25
$621.4M
$73.2M
Q2 25
$628.4M
$72.7M
Q1 25
$647.4M
$70.4M
Q4 24
$605.0M
$71.0M
Q3 24
$579.0M
$71.9M
Q2 24
$565.8M
$72.8M
Debt / Equity
PINE
PINE
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
$25.8M
$2.1M
Q3 25
$8.7M
$-311.0K
Q2 25
$9.1M
$2.2M
Q1 25
$5.8M
$601.0K
Q4 24
$23.4M
$-244.0K
Q3 24
$6.2M
$2.4M
Q2 24
$8.0M
$197.0K
Free Cash Flow
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
$-87.8M
$2.0M
Q3 25
$-48.8M
$-419.0K
Q2 25
$-3.0M
$2.2M
Q1 25
$-55.5M
$574.0K
Q4 24
$-33.4M
$-418.0K
Q3 24
$-43.0M
$2.1M
Q2 24
$-13.5M
$28.0K
FCF Margin
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
-519.4%
9.0%
Q3 25
-334.9%
-2.1%
Q2 25
-20.0%
11.4%
Q1 25
-391.0%
3.0%
Q4 24
-242.4%
-2.3%
Q3 24
-319.3%
12.6%
Q2 24
-108.0%
0.2%
Capex Intensity
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
671.8%
0.3%
Q3 25
394.8%
0.5%
Q2 25
81.2%
0.2%
Q1 25
432.0%
0.1%
Q4 24
412.3%
0.9%
Q3 24
365.4%
1.5%
Q2 24
172.3%
1.0%
Cash Conversion
PINE
PINE
RFIL
RFIL
Q1 26
Q4 25
17.48×
12.13×
Q3 25
-0.79×
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%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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