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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Adaptive Biotechnologies Corp (ADPT). Click either name above to swap in a different company.

American Assets Trust, Inc. is the larger business by last-quarter revenue ($110.6M vs $70.9M, roughly 1.6× Adaptive Biotechnologies Corp). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 4.7%, a 1.3% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs 1.8%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs -0.1%).

Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.

ExpreS2ion Biotechnologies is a Danish biotechnology company specialised in the development of new vaccines and immunotherapy products based in Hørsholm, Denmark and listed on the Nasdaq First North Growth Market Sweden.

AAT vs ADPT — Head-to-Head

Bigger by revenue
AAT
AAT
1.6× larger
AAT
$110.6M
$70.9M
ADPT
Growing faster (revenue YoY)
ADPT
ADPT
+33.3% gap
ADPT
35.1%
1.8%
AAT
Higher net margin
AAT
AAT
1.3% more per $
AAT
6.1%
4.7%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
28.1%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AAT
AAT
ADPT
ADPT
Revenue
$110.6M
$70.9M
Net Profit
$6.7M
$3.4M
Gross Margin
73.6%
Operating Margin
23.4%
-27.1%
Net Margin
6.1%
4.7%
Revenue YoY
1.8%
35.1%
Net Profit YoY
-16.3%
EPS (diluted)
$0.08

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
AAT
AAT
ADPT
ADPT
Q1 26
$110.6M
$70.9M
Q4 25
$110.1M
$71.7M
Q3 25
$109.6M
$94.0M
Q2 25
$107.9M
$58.9M
Q1 25
$108.6M
$52.4M
Q4 24
$113.5M
$47.5M
Q3 24
$122.8M
$46.4M
Q2 24
$110.9M
$43.2M
Net Profit
AAT
AAT
ADPT
ADPT
Q1 26
$6.7M
$3.4M
Q4 25
$-13.6M
Q3 25
$4.5M
$9.5M
Q2 25
$5.5M
$-25.6M
Q1 25
$42.5M
$-29.9M
Q4 24
$-33.7M
Q3 24
$16.7M
$-32.1M
Q2 24
$11.9M
$-46.2M
Gross Margin
AAT
AAT
ADPT
ADPT
Q1 26
73.6%
Q4 25
59.4%
74.6%
Q3 25
60.5%
80.7%
Q2 25
62.6%
69.4%
Q1 25
62.0%
67.6%
Q4 24
61.3%
62.0%
Q3 24
65.5%
64.1%
Q2 24
63.6%
55.3%
Operating Margin
AAT
AAT
ADPT
ADPT
Q1 26
23.4%
-27.1%
Q4 25
21.1%
-17.8%
Q3 25
22.6%
10.9%
Q2 25
24.1%
-42.5%
Q1 25
66.3%
-56.4%
Q4 24
26.5%
-71.3%
Q3 24
30.8%
-70.3%
Q2 24
27.8%
-109.6%
Net Margin
AAT
AAT
ADPT
ADPT
Q1 26
6.1%
4.7%
Q4 25
-18.9%
Q3 25
4.1%
10.2%
Q2 25
5.1%
-43.5%
Q1 25
39.2%
-56.9%
Q4 24
-71.0%
Q3 24
13.6%
-69.1%
Q2 24
10.7%
-107.0%
EPS (diluted)
AAT
AAT
ADPT
ADPT
Q1 26
$0.08
Q4 25
$0.06
$-0.08
Q3 25
$0.07
$0.06
Q2 25
$0.09
$-0.17
Q1 25
$0.70
$-0.20
Q4 24
$0.14
$-0.22
Q3 24
$0.28
$-0.22
Q2 24
$0.20
$-0.31

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
ADPT
ADPT
Cash + ST InvestmentsLiquidity on hand
$118.3M
$77.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
Total Assets
$2.9B
$505.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
ADPT
ADPT
Q1 26
$118.3M
$77.6M
Q4 25
$129.4M
$70.5M
Q3 25
$138.7M
$55.0M
Q2 25
$143.7M
$43.2M
Q1 25
$143.9M
$50.6M
Q4 24
$425.7M
$47.9M
Q3 24
$533.0M
$38.1M
Q2 24
$114.9M
$59.8M
Total Debt
AAT
AAT
ADPT
ADPT
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
AAT
AAT
ADPT
ADPT
Q1 26
$1.1B
Q4 25
$1.2B
$218.8M
Q3 25
$1.2B
$204.4M
Q2 25
$1.2B
$179.7M
Q1 25
$1.2B
$190.4M
Q4 24
$1.2B
$202.7M
Q3 24
$1.2B
$223.8M
Q2 24
$1.2B
$241.6M
Total Assets
AAT
AAT
ADPT
ADPT
Q1 26
$2.9B
$505.9M
Q4 25
$2.9B
$512.7M
Q3 25
$2.9B
$490.6M
Q2 25
$3.0B
$496.6M
Q1 25
$3.0B
$510.9M
Q4 24
$3.3B
$539.4M
Q3 24
$3.4B
$558.5M
Q2 24
$3.0B
$584.9M
Debt / Equity
AAT
AAT
ADPT
ADPT
Q1 26
Q4 25
1.48×
Q3 25
Q2 25
Q1 25
Q4 24
1.72×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AAT
AAT

Rental income$104.4M94%
Other$6.2M6%

ADPT
ADPT

Segment breakdown not available.

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