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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) and ROCKWELL MEDICAL, INC. (RMTI). 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 $18.3M, roughly 1.0× ROCKWELL MEDICAL, INC.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -3.0%, a 14.9% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -25.6%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs -10.1%).

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.

Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

PINE vs RMTI — Head-to-Head

Bigger by revenue
PINE
PINE
1.0× larger
PINE
$18.4M
$18.3M
RMTI
Growing faster (revenue YoY)
PINE
PINE
+55.2% gap
PINE
29.6%
-25.6%
RMTI
Higher net margin
PINE
PINE
14.9% more per $
PINE
11.9%
-3.0%
RMTI
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
-10.1%
RMTI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PINE
PINE
RMTI
RMTI
Revenue
$18.4M
$18.3M
Net Profit
$2.2M
$-554.0K
Gross Margin
21.1%
Operating Margin
35.4%
-2.2%
Net Margin
11.9%
-3.0%
Revenue YoY
29.6%
-25.6%
Net Profit YoY
285.3%
26.7%
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
RMTI
RMTI
Q1 26
$18.4M
Q4 25
$16.9M
$18.3M
Q3 25
$14.6M
$15.9M
Q2 25
$14.9M
$16.1M
Q1 25
$14.2M
$18.9M
Q4 24
$13.8M
$24.7M
Q3 24
$13.5M
$28.3M
Q2 24
$12.5M
$25.8M
Net Profit
PINE
PINE
RMTI
RMTI
Q1 26
$2.2M
Q4 25
$1.5M
$-554.0K
Q3 25
$-1.3M
$-1.8M
Q2 25
$-1.6M
$-1.5M
Q1 25
$-1.2M
$-1.5M
Q4 24
$-958.0K
$-756.0K
Q3 24
$3.1M
$1.7M
Q2 24
$204.0K
$343.0K
Gross Margin
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
21.1%
Q3 25
14.3%
Q2 25
15.6%
Q1 25
16.1%
Q4 24
14.7%
Q3 24
22.0%
Q2 24
17.6%
Operating Margin
PINE
PINE
RMTI
RMTI
Q1 26
35.4%
Q4 25
35.3%
-2.2%
Q3 25
16.6%
-9.9%
Q2 25
16.8%
-8.4%
Q1 25
16.0%
-7.2%
Q4 24
14.3%
-2.1%
Q3 24
47.9%
6.8%
Q2 24
24.0%
2.0%
Net Margin
PINE
PINE
RMTI
RMTI
Q1 26
11.9%
Q4 25
8.7%
-3.0%
Q3 25
-9.0%
-11.0%
Q2 25
-11.0%
-9.3%
Q1 25
-8.3%
-8.0%
Q4 24
-6.9%
-3.1%
Q3 24
22.8%
5.9%
Q2 24
1.6%
1.3%
EPS (diluted)
PINE
PINE
RMTI
RMTI
Q1 26
$0.06
Q4 25
$0.07
$-0.01
Q3 25
$-0.09
$-0.05
Q2 25
$-0.12
$-0.05
Q1 25
$-0.08
$-0.04
Q4 24
$-0.06
$-0.02
Q3 24
$0.21
$0.04
Q2 24
$0.01
$0.01

Balance Sheet & Financial Strength

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

Metric
PINE
PINE
RMTI
RMTI
Cash + ST InvestmentsLiquidity on hand
$2.6M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
$37.0M
Total Assets
$745.1M
$57.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
RMTI
RMTI
Q1 26
$2.6M
Q4 25
$4.6M
$10.7M
Q3 25
$1.2M
$13.6M
Q2 25
$5.0M
$12.5M
Q1 25
$6.1M
$11.4M
Q4 24
$1.6M
$15.7M
Q3 24
$2.6M
$12.3M
Q2 24
$3.3M
$11.9M
Total Debt
PINE
PINE
RMTI
RMTI
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
RMTI
RMTI
Q1 26
$312.5M
Q4 25
$279.9M
$37.0M
Q3 25
$223.5M
$37.0M
Q2 25
$229.8M
$30.4M
Q1 25
$240.9M
$31.5M
Q4 24
$253.0M
$32.6M
Q3 24
$248.2M
$29.1M
Q2 24
$244.0M
$23.5M
Total Assets
PINE
PINE
RMTI
RMTI
Q1 26
$745.1M
Q4 25
$715.9M
$57.1M
Q3 25
$621.4M
$57.5M
Q2 25
$628.4M
$52.6M
Q1 25
$647.4M
$54.0M
Q4 24
$605.0M
$59.2M
Q3 24
$579.0M
$57.1M
Q2 24
$565.8M
$53.0M
Debt / Equity
PINE
PINE
RMTI
RMTI
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
RMTI
RMTI
Operating Cash FlowLast quarter
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
$25.8M
$2.3M
Q3 25
$8.7M
$-1.3M
Q2 25
$9.1M
$1.8M
Q1 25
$5.8M
$-3.5M
Q4 24
$23.4M
$865.0K
Q3 24
$6.2M
$4.3M
Q2 24
$8.0M
$1.4M
Free Cash Flow
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
$-87.8M
$2.2M
Q3 25
$-48.8M
$-1.5M
Q2 25
$-3.0M
$1.7M
Q1 25
$-55.5M
$-3.5M
Q4 24
$-33.4M
$470.0K
Q3 24
$-43.0M
$4.1M
Q2 24
$-13.5M
$1.2M
FCF Margin
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
-519.4%
12.0%
Q3 25
-334.9%
-9.6%
Q2 25
-20.0%
10.5%
Q1 25
-391.0%
-18.8%
Q4 24
-242.4%
1.9%
Q3 24
-319.3%
14.4%
Q2 24
-108.0%
4.5%
Capex Intensity
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
671.8%
0.5%
Q3 25
394.8%
1.4%
Q2 25
81.2%
1.0%
Q1 25
432.0%
0.3%
Q4 24
412.3%
1.6%
Q3 24
365.4%
0.7%
Q2 24
172.3%
1.1%
Cash Conversion
PINE
PINE
RMTI
RMTI
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
2.57×
Q2 24
39.37×
4.20×

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%

RMTI
RMTI

US$15.9M87%
Non Us$2.4M13%

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