vs

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

Warby Parker Inc. is the larger business by last-quarter revenue ($212.0M vs $172.2M, roughly 1.2× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -2.8%, a 23.0% gap on every dollar of revenue. On growth, Warby Parker Inc. posted the faster year-over-year revenue change (11.2% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 2.9%).

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

Warby Parker Inc. is an American eyewear brand and retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. It also offers eye exams. Originally founded in 2010 as an online-only retailer, the company now generates about two-thirds of its revenue from its 276 physical retail stores, 271 of which are in the U.S. and 5 of which are in Canada. The company intends to operate 900 stores. The company has 2.28 million customers; average order value is $263.

AAMI vs WRBY — Head-to-Head

Bigger by revenue
WRBY
WRBY
1.2× larger
WRBY
$212.0M
$172.2M
AAMI
Growing faster (revenue YoY)
WRBY
WRBY
+8.6% gap
WRBY
11.2%
2.6%
AAMI
Higher net margin
AAMI
AAMI
23.0% more per $
AAMI
20.2%
-2.8%
WRBY
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
2.9%
WRBY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
WRBY
WRBY
Revenue
$172.2M
$212.0M
Net Profit
$34.7M
$-6.0M
Gross Margin
52.4%
Operating Margin
33.3%
-3.2%
Net Margin
20.2%
-2.8%
Revenue YoY
2.6%
11.2%
Net Profit YoY
-18.4%
13.4%
EPS (diluted)
$0.97
$-0.06

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
WRBY
WRBY
Q4 25
$172.2M
$212.0M
Q3 25
$144.2M
$221.7M
Q2 25
$127.4M
$214.5M
Q1 25
$119.9M
$223.8M
Q4 24
$167.8M
$190.6M
Q3 24
$123.1M
$192.4M
Q2 24
$109.0M
$188.2M
Q1 24
$105.7M
$200.0M
Net Profit
AAMI
AAMI
WRBY
WRBY
Q4 25
$34.7M
$-6.0M
Q3 25
$15.1M
$5.9M
Q2 25
$10.1M
$-1.8M
Q1 25
$20.1M
$3.5M
Q4 24
$42.5M
$-6.9M
Q3 24
$16.9M
$-4.1M
Q2 24
$11.0M
$-6.8M
Q1 24
$14.6M
$-2.7M
Gross Margin
AAMI
AAMI
WRBY
WRBY
Q4 25
52.4%
Q3 25
54.1%
Q2 25
53.0%
Q1 25
56.3%
Q4 24
54.1%
Q3 24
54.5%
Q2 24
56.0%
Q1 24
56.7%
Operating Margin
AAMI
AAMI
WRBY
WRBY
Q4 25
33.3%
-3.2%
Q3 25
18.4%
1.6%
Q2 25
12.7%
-2.1%
Q1 25
26.6%
1.1%
Q4 24
38.7%
-4.9%
Q3 24
21.9%
-3.4%
Q2 24
18.9%
-4.8%
Q1 24
21.7%
-2.6%
Net Margin
AAMI
AAMI
WRBY
WRBY
Q4 25
20.2%
-2.8%
Q3 25
10.5%
2.6%
Q2 25
7.9%
-0.8%
Q1 25
16.8%
1.6%
Q4 24
25.3%
-3.6%
Q3 24
13.7%
-2.1%
Q2 24
10.1%
-3.6%
Q1 24
13.8%
-1.3%
EPS (diluted)
AAMI
AAMI
WRBY
WRBY
Q4 25
$0.97
$-0.06
Q3 25
$0.42
$0.05
Q2 25
$0.28
$-0.01
Q1 25
$0.54
$0.03
Q4 24
$1.11
$-0.06
Q3 24
$0.45
$-0.03
Q2 24
$0.29
$-0.06
Q1 24
$0.37
$-0.02

Balance Sheet & Financial Strength

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

Metric
AAMI
AAMI
WRBY
WRBY
Cash + ST InvestmentsLiquidity on hand
$286.4M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$367.7M
Total Assets
$677.0M
$720.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
WRBY
WRBY
Q4 25
$286.4M
Q3 25
$280.4M
Q2 25
$286.4M
Q1 25
$265.1M
Q4 24
$254.2M
Q3 24
$251.0M
Q2 24
$238.0M
Q1 24
$220.4M
Total Debt
AAMI
AAMI
WRBY
WRBY
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
WRBY
WRBY
Q4 25
$367.7M
Q3 25
$369.6M
Q2 25
$361.5M
Q1 25
$354.1M
Q4 24
$340.1M
Q3 24
$336.8M
Q2 24
$329.4M
Q1 24
$316.2M
Total Assets
AAMI
AAMI
WRBY
WRBY
Q4 25
$677.0M
$720.9M
Q3 25
$751.4M
$706.9M
Q2 25
$672.3M
$701.9M
Q1 25
$677.3M
$682.8M
Q4 24
$703.2M
$676.5M
Q3 24
$555.2M
$638.0M
Q2 24
$533.1M
$618.2M
Q1 24
$544.9M
$592.9M

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
WRBY
WRBY
Operating Cash FlowLast quarter
$-2.4M
$23.3M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
3.8%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$43.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
WRBY
WRBY
Q4 25
$-2.4M
$23.3M
Q3 25
$-23.9M
$18.0M
Q2 25
$61.6M
$40.2M
Q1 25
$-48.8M
$29.4M
Q4 24
$55.8M
$19.9M
Q3 24
$69.6M
$27.3M
Q2 24
$45.7M
$31.6M
Q1 24
$-40.4M
$19.9M
Free Cash Flow
AAMI
AAMI
WRBY
WRBY
Q4 25
$8.1M
Q3 25
$-1.5M
Q2 25
$23.9M
Q1 25
$13.2M
Q4 24
$2.2M
Q3 24
$13.1M
Q2 24
$14.0M
Q1 24
$5.5M
FCF Margin
AAMI
AAMI
WRBY
WRBY
Q4 25
3.8%
Q3 25
-0.7%
Q2 25
11.1%
Q1 25
5.9%
Q4 24
1.1%
Q3 24
6.8%
Q2 24
7.4%
Q1 24
2.7%
Capex Intensity
AAMI
AAMI
WRBY
WRBY
Q4 25
7.1%
Q3 25
8.8%
Q2 25
7.6%
Q1 25
7.2%
Q4 24
9.3%
Q3 24
7.4%
Q2 24
9.4%
Q1 24
7.2%
Cash Conversion
AAMI
AAMI
WRBY
WRBY
Q4 25
-0.07×
Q3 25
-1.58×
3.06×
Q2 25
6.10×
Q1 25
-2.43×
8.46×
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.

WRBY
WRBY

Retail$155.2M73%
E Commerce$56.8M27%

Related Comparisons