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Apollo Commercial Real Estate Finance, Inc.（ARI）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
Apollo Commercial Real Estate Finance, Inc.的季度营收约是RMR GROUP INC.的1.1倍（$73.3M vs $66.7M），Apollo Commercial Real Estate Finance, Inc.净利率更高（39.9% vs 18.3%，领先21.6%），RMR GROUP INC.同比增速更快（40.8% vs 4.0%）
阿波罗商业房地产金融公司是一家房地产投资信托企业，主要发起、收购并管理商业地产债务资产，包括优先抵押贷款、夹层贷款及商业抵押贷款支持证券，主营美国市场，致力于为投资者创造稳定收益。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
ARI vs RMR — 直观对比
营收规模更大
ARI
是对方的1.1倍
$66.7M
营收增速更快
RMR
高出36.8%
4.0%
净利率更高
ARI
高出21.6%
18.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $73.3M | $66.7M |
| 净利润 | $29.2M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 39.7% | 48.1% |
| 净利率 | 39.9% | 18.3% |
| 营收同比 | 4.0% | 40.8% |
| 净利润同比 | -28.2% | 91.1% |
| 每股收益（稀释后） | $0.19 | $0.71 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARIRMR
| Q4 25 | $73.3M | $66.7M | ||
| Q3 25 | $61.6M | — | ||
| Q2 25 | $70.9M | — | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $70.5M | — | ||
| Q3 24 | $71.6M | — | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $80.5M | — |
净利润ARIRMR
| Q4 25 | $29.2M | $12.2M | ||
| Q3 25 | $50.8M | — | ||
| Q2 25 | $20.7M | — | ||
| Q1 25 | $26.0M | — | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $-91.5M | — | ||
| Q2 24 | $35.8M | — | ||
| Q1 24 | $-104.5M | — |
营业利润率ARIRMR
| Q4 25 | 39.7% | 48.1% | ||
| Q3 25 | 82.8% | — | ||
| Q2 25 | 29.4% | — | ||
| Q1 25 | 39.7% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | -127.8% | — | ||
| Q2 24 | 44.2% | — | ||
| Q1 24 | -129.6% | — |
净利率ARIRMR
| Q4 25 | 39.9% | 18.3% | ||
| Q3 25 | 82.4% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 57.7% | — | ||
| Q3 24 | -127.9% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | -129.8% | — |
每股收益（稀释后）ARIRMR
| Q4 25 | $0.19 | $0.71 | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.12 | — | ||
| Q1 25 | $0.16 | — | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $-0.69 | — | ||
| Q2 24 | $0.23 | — | ||
| Q1 24 | $-0.76 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $139.8M | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.9B | $232.7M |
| 总资产 | $9.9B | $687.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARIRMR
| Q4 25 | $139.8M | $49.3M | ||
| Q3 25 | $245.9M | — | ||
| Q2 25 | $177.6M | — | ||
| Q1 25 | $166.4M | — | ||
| Q4 24 | $317.4M | — | ||
| Q3 24 | $194.3M | — | ||
| Q2 24 | $174.7M | — | ||
| Q1 24 | $161.2M | — |
股东权益ARIRMR
| Q4 25 | $1.9B | $232.7M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
总资产ARIRMR
| Q4 25 | $9.9B | $687.1M | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $9.8B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $9.1B | — | ||
| Q2 24 | $9.3B | — | ||
| Q1 24 | $9.2B | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $142.5M | $10.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 4.88× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ARIRMR
| Q4 25 | $142.5M | $10.7M | ||
| Q3 25 | $31.7M | — | ||
| Q2 25 | $63.2M | — | ||
| Q1 25 | $39.3M | — | ||
| Q4 24 | $200.3M | — | ||
| Q3 24 | $47.2M | — | ||
| Q2 24 | $50.2M | — | ||
| Q1 24 | $52.8M | — |
现金转化率ARIRMR
| Q4 25 | 4.88× | 0.88× | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARI
暂无分部数据
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
