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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $18.4M, roughly 1.0× Alpine Income Property Trust, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs 3.7%, a 8.2% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -2.7%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs 0.3%).

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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

PINE vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.0× larger
SLP
$18.4M
$18.4M
PINE
Growing faster (revenue YoY)
PINE
PINE
+32.2% gap
PINE
29.6%
-2.7%
SLP
Higher net margin
PINE
PINE
8.2% more per $
PINE
11.9%
3.7%
SLP
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
0.3%
SLP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PINE
PINE
SLP
SLP
Revenue
$18.4M
$18.4M
Net Profit
$2.2M
$676.0K
Gross Margin
59.1%
Operating Margin
35.4%
3.9%
Net Margin
11.9%
3.7%
Revenue YoY
29.6%
-2.7%
Net Profit YoY
285.3%
228.2%
EPS (diluted)
$0.06
$0.03

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
SLP
SLP
Q1 26
$18.4M
Q4 25
$16.9M
$18.4M
Q3 25
$14.6M
$17.5M
Q2 25
$14.9M
$20.4M
Q1 25
$14.2M
$22.4M
Q4 24
$13.8M
$18.9M
Q3 24
$13.5M
$18.7M
Q2 24
$12.5M
$18.5M
Net Profit
PINE
PINE
SLP
SLP
Q1 26
$2.2M
Q4 25
$1.5M
$676.0K
Q3 25
$-1.3M
$-681.0K
Q2 25
$-1.6M
$-67.3M
Q1 25
$-1.2M
$3.1M
Q4 24
$-958.0K
$206.0K
Q3 24
$3.1M
$843.0K
Q2 24
$204.0K
$3.1M
Gross Margin
PINE
PINE
SLP
SLP
Q1 26
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Operating Margin
PINE
PINE
SLP
SLP
Q1 26
35.4%
Q4 25
35.3%
3.9%
Q3 25
16.6%
3.8%
Q2 25
16.8%
-364.5%
Q1 25
16.0%
12.1%
Q4 24
14.3%
0.7%
Q3 24
47.9%
-6.2%
Q2 24
24.0%
10.1%
Net Margin
PINE
PINE
SLP
SLP
Q1 26
11.9%
Q4 25
8.7%
3.7%
Q3 25
-9.0%
-3.9%
Q2 25
-11.0%
-330.6%
Q1 25
-8.3%
13.7%
Q4 24
-6.9%
1.1%
Q3 24
22.8%
4.5%
Q2 24
1.6%
16.9%
EPS (diluted)
PINE
PINE
SLP
SLP
Q1 26
$0.06
Q4 25
$0.07
$0.03
Q3 25
$-0.09
$-0.03
Q2 25
$-0.12
$-3.35
Q1 25
$-0.08
$0.15
Q4 24
$-0.06
$0.01
Q3 24
$0.21
$0.04
Q2 24
$0.01
$0.15

Balance Sheet & Financial Strength

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

Metric
PINE
PINE
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$2.6M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
$127.1M
Total Assets
$745.1M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
SLP
SLP
Q1 26
$2.6M
Q4 25
$4.6M
$35.7M
Q3 25
$1.2M
$32.4M
Q2 25
$5.0M
$28.4M
Q1 25
$6.1M
$21.4M
Q4 24
$1.6M
$18.2M
Q3 24
$2.6M
$20.3M
Q2 24
$3.3M
$119.0M
Total Debt
PINE
PINE
SLP
SLP
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
SLP
SLP
Q1 26
$312.5M
Q4 25
$279.9M
$127.1M
Q3 25
$223.5M
$124.8M
Q2 25
$229.8M
$123.8M
Q1 25
$240.9M
$189.5M
Q4 24
$253.0M
$184.7M
Q3 24
$248.2M
$182.4M
Q2 24
$244.0M
$180.9M
Total Assets
PINE
PINE
SLP
SLP
Q1 26
$745.1M
Q4 25
$715.9M
$137.8M
Q3 25
$621.4M
$131.9M
Q2 25
$628.4M
$134.4M
Q1 25
$647.4M
$201.4M
Q4 24
$605.0M
$196.9M
Q3 24
$579.0M
$196.6M
Q2 24
$565.8M
$192.7M
Debt / Equity
PINE
PINE
SLP
SLP
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
SLP
SLP
Operating Cash FlowLast quarter
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PINE
PINE
SLP
SLP
Q1 26
Q4 25
$25.8M
$4.2M
Q3 25
$8.7M
$5.6M
Q2 25
$9.1M
$8.1M
Q1 25
$5.8M
$5.7M
Q4 24
$23.4M
$-1.3M
Q3 24
$6.2M
$1.7M
Q2 24
$8.0M
$5.7M
Free Cash Flow
PINE
PINE
SLP
SLP
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
$5.3M
Q2 25
$-3.0M
$7.8M
Q1 25
$-55.5M
$5.6M
Q4 24
$-33.4M
$-1.4M
Q3 24
$-43.0M
$1.6M
Q2 24
$-13.5M
$5.6M
FCF Margin
PINE
PINE
SLP
SLP
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
30.5%
Q2 25
-20.0%
38.5%
Q1 25
-391.0%
25.0%
Q4 24
-242.4%
-7.2%
Q3 24
-319.3%
8.8%
Q2 24
-108.0%
30.0%
Capex Intensity
PINE
PINE
SLP
SLP
Q1 26
Q4 25
671.8%
0.0%
Q3 25
394.8%
1.5%
Q2 25
81.2%
1.5%
Q1 25
432.0%
0.3%
Q4 24
412.3%
0.5%
Q3 24
365.4%
0.1%
Q2 24
172.3%
0.6%
Cash Conversion
PINE
PINE
SLP
SLP
Q1 26
Q4 25
17.48×
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
2.02×
1.97×
Q2 24
39.37×
1.81×

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%

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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