Schema Compare error: "Object reference not set to an instance of object". (4227065)

The following error occurs in Schema Compare:
System.NullReferenceException: Object reference not set to an instance of an object.

Stack trace:
at DevExpress.Utils.AppearanceObject.CalcDefaultTextSize(Graphics g)
at DevExpress.XtraEditors.ViewInfo.BaseControlViewInfo.CalcTextSizeCore(GraphicsCache cache, String text, Int32 maxWidth)
at DevExpress.XtraEditors.ViewInfo.BaseControlViewInfo.CalcTextSizeCore(Graphics g, String text, Int32 maxWidth)
at DevExpress.XtraEditors.ViewInfo.BaseControlViewInfo.CalcTextSize(Graphics g, Boolean useDisplayText)
at DevExpress.XtraEditors.ViewInfo.BaseEditViewInfo.CalcConstants()
at DevExpress.XtraEditors.ViewInfo.BaseControlViewInfo.CalcRects()

Issue persists in multiple machines.