vs

Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Fathom Holdings Inc. (FTHM). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $90.6M, roughly 1.9× Fathom Holdings Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -7.4%, a 27.6% gap on every dollar of revenue. On growth, Acadian Asset Management Inc. posted the faster year-over-year revenue change (2.6% vs -1.2%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 13.4%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Fathom Holdings Inc. is a US-based real estate technology and services enterprise. It provides end-to-end solutions for real estate agents, brokers, and consumers, including digital transaction management tools, mortgage services, title insurance, and residential property brokerage services, covering most regional markets across the United States.

AAMI vs FTHM — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.9× larger
AAMI
$172.2M
$90.6M
FTHM
Growing faster (revenue YoY)
AAMI
AAMI
+3.9% gap
AAMI
2.6%
-1.2%
FTHM
Higher net margin
AAMI
AAMI
27.6% more per $
AAMI
20.2%
-7.4%
FTHM
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
13.4%
FTHM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
FTHM
FTHM
Revenue
$172.2M
$90.6M
Net Profit
$34.7M
$-6.7M
Gross Margin
Operating Margin
33.3%
-5.2%
Net Margin
20.2%
-7.4%
Revenue YoY
2.6%
-1.2%
Net Profit YoY
-18.4%
-7.7%
EPS (diluted)
$0.97
$-0.20

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
AAMI
AAMI
FTHM
FTHM
Q4 25
$172.2M
$90.6M
Q3 25
$144.2M
$115.3M
Q2 25
$127.4M
$121.4M
Q1 25
$119.9M
$93.1M
Q4 24
$167.8M
$91.7M
Q3 24
$123.1M
$83.7M
Q2 24
$109.0M
$89.2M
Q1 24
$105.7M
$70.5M
Net Profit
AAMI
AAMI
FTHM
FTHM
Q4 25
$34.7M
$-6.7M
Q3 25
$15.1M
$-4.4M
Q2 25
$10.1M
$-3.6M
Q1 25
$20.1M
$-5.6M
Q4 24
$42.5M
$-6.2M
Q3 24
$16.9M
$-8.1M
Q2 24
$11.0M
$-1.3M
Q1 24
$14.6M
$-5.9M
Operating Margin
AAMI
AAMI
FTHM
FTHM
Q4 25
33.3%
-5.2%
Q3 25
18.4%
-3.5%
Q2 25
12.7%
-2.0%
Q1 25
26.6%
-4.8%
Q4 24
38.7%
-7.0%
Q3 24
21.9%
-9.3%
Q2 24
18.9%
-4.1%
Q1 24
21.7%
-8.0%
Net Margin
AAMI
AAMI
FTHM
FTHM
Q4 25
20.2%
-7.4%
Q3 25
10.5%
-3.8%
Q2 25
7.9%
-3.0%
Q1 25
16.8%
-6.1%
Q4 24
25.3%
-6.8%
Q3 24
13.7%
-9.7%
Q2 24
10.1%
-1.5%
Q1 24
13.8%
-8.4%
EPS (diluted)
AAMI
AAMI
FTHM
FTHM
Q4 25
$0.97
$-0.20
Q3 25
$0.42
$-0.15
Q2 25
$0.28
$-0.13
Q1 25
$0.54
$-0.24
Q4 24
$1.11
$-0.29
Q3 24
$0.45
$-0.40
Q2 24
$0.29
$-0.07
Q1 24
$0.37
$-0.31

Balance Sheet & Financial Strength

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

Metric
AAMI
AAMI
FTHM
FTHM
Cash + ST InvestmentsLiquidity on hand
$5.8M
Total DebtLower is stronger
$200.0M
$5.6M
Stockholders' EquityBook value
$37.4M
Total Assets
$677.0M
$78.0M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
FTHM
FTHM
Q4 25
$5.8M
Q3 25
$9.8M
Q2 25
$4.9M
Q1 25
$8.0M
Q4 24
$7.1M
Q3 24
$13.1M
Q2 24
$10.4M
Q1 24
$5.7M
Total Debt
AAMI
AAMI
FTHM
FTHM
Q4 25
$200.0M
$5.6M
Q3 25
$5.1M
Q2 25
$5.1M
Q1 25
$5.1M
Q4 24
$275.0M
$9.5M
Q3 24
$8.8M
Q2 24
$3.6M
Q1 24
$3.7M
Stockholders' Equity
AAMI
AAMI
FTHM
FTHM
Q4 25
$37.4M
Q3 25
$43.4M
Q2 25
$40.7M
Q1 25
$43.4M
Q4 24
$44.7M
Q3 24
$47.1M
Q2 24
$53.1M
Q1 24
$51.9M
Total Assets
AAMI
AAMI
FTHM
FTHM
Q4 25
$677.0M
$78.0M
Q3 25
$751.4M
$83.2M
Q2 25
$672.3M
$80.4M
Q1 25
$677.3M
$81.0M
Q4 24
$703.2M
$75.4M
Q3 24
$555.2M
$80.9M
Q2 24
$533.1M
$80.2M
Q1 24
$544.9M
$78.2M
Debt / Equity
AAMI
AAMI
FTHM
FTHM
Q4 25
0.15×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.21×
Q3 24
0.19×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
FTHM
FTHM
Operating Cash FlowLast quarter
$-2.4M
$-20.5M
Free Cash FlowOCF − Capex
$-20.7M
FCF MarginFCF / Revenue
-22.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$-29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
FTHM
FTHM
Q4 25
$-2.4M
$-20.5M
Q3 25
$-23.9M
$3.0M
Q2 25
$61.6M
$-5.9M
Q1 25
$-48.8M
$-5.7M
Q4 24
$55.8M
$-4.7M
Q3 24
$69.6M
$-330.0K
Q2 24
$45.7M
$-3.1M
Q1 24
$-40.4M
$-947.0K
Free Cash Flow
AAMI
AAMI
FTHM
FTHM
Q4 25
$-20.7M
Q3 25
$3.0M
Q2 25
$-6.0M
Q1 25
$-5.8M
Q4 24
$-4.7M
Q3 24
$-364.0K
Q2 24
$-3.1M
Q1 24
$-948.0K
FCF Margin
AAMI
AAMI
FTHM
FTHM
Q4 25
-22.8%
Q3 25
2.6%
Q2 25
-4.9%
Q1 25
-6.2%
Q4 24
-5.2%
Q3 24
-0.4%
Q2 24
-3.5%
Q1 24
-1.3%
Capex Intensity
AAMI
AAMI
FTHM
FTHM
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
AAMI
AAMI
FTHM
FTHM
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

FTHM
FTHM

Real Estate Brokerage$84.9M94%
Mortgage Segment$3.4M4%
Other$2.3M3%

Related Comparisons