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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and C3.ai, Inc. (AI). 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 $75.1M, roughly 1.5× C3.ai, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -139.3%, a 145.4% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -20.3%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -2.1%).

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.

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

AAT vs AI — Head-to-Head

Bigger by revenue
AAT
AAT
1.5× larger
AAT
$110.6M
$75.1M
AI
Growing faster (revenue YoY)
AAT
AAT
+22.2% gap
AAT
1.8%
-20.3%
AI
Higher net margin
AAT
AAT
145.4% more per $
AAT
6.1%
-139.3%
AI
Faster 2-yr revenue CAGR
AAT
AAT
Annualised
AAT
-0.1%
-2.1%
AI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
AAT
AAT
AI
AI
Revenue
$110.6M
$75.1M
Net Profit
$6.7M
$-104.7M
Gross Margin
40.4%
Operating Margin
23.4%
-149.2%
Net Margin
6.1%
-139.3%
Revenue YoY
1.8%
-20.3%
Net Profit YoY
-16.3%
-58.7%
EPS (diluted)
$0.08
$-0.75

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
AI
AI
Q1 26
$110.6M
Q4 25
$110.1M
$75.1M
Q3 25
$109.6M
$70.3M
Q2 25
$107.9M
$108.7M
Q1 25
$108.6M
$98.8M
Q4 24
$113.5M
$94.3M
Q3 24
$122.8M
$87.2M
Q2 24
$110.9M
$86.6M
Net Profit
AAT
AAT
AI
AI
Q1 26
$6.7M
Q4 25
$-104.7M
Q3 25
$4.5M
$-116.8M
Q2 25
$5.5M
$-79.7M
Q1 25
$42.5M
$-80.2M
Q4 24
$-66.0M
Q3 24
$16.7M
$-62.8M
Q2 24
$11.9M
$-72.9M
Gross Margin
AAT
AAT
AI
AI
Q1 26
Q4 25
59.4%
40.4%
Q3 25
60.5%
37.6%
Q2 25
62.6%
62.1%
Q1 25
62.0%
59.1%
Q4 24
61.3%
61.3%
Q3 24
65.5%
59.8%
Q2 24
63.6%
59.6%
Operating Margin
AAT
AAT
AI
AI
Q1 26
23.4%
Q4 25
21.1%
-149.2%
Q3 25
22.6%
-177.7%
Q2 25
24.1%
-81.8%
Q1 25
66.3%
-88.7%
Q4 24
26.5%
-79.8%
Q3 24
30.8%
-83.2%
Q2 24
27.8%
-95.1%
Net Margin
AAT
AAT
AI
AI
Q1 26
6.1%
Q4 25
-139.3%
Q3 25
4.1%
-166.2%
Q2 25
5.1%
-73.3%
Q1 25
39.2%
-81.2%
Q4 24
-69.9%
Q3 24
13.6%
-72.0%
Q2 24
10.7%
-84.2%
EPS (diluted)
AAT
AAT
AI
AI
Q1 26
$0.08
Q4 25
$0.06
$-0.75
Q3 25
$0.07
$-0.86
Q2 25
$0.09
$-0.60
Q1 25
$0.70
$-0.62
Q4 24
$0.14
$-0.52
Q3 24
$0.28
$-0.50
Q2 24
$0.20
$-0.59

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
AI
AI
Cash + ST InvestmentsLiquidity on hand
$118.3M
$675.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$771.9M
Total Assets
$2.9B
$961.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
AI
AI
Q1 26
$118.3M
Q4 25
$129.4M
$675.0M
Q3 25
$138.7M
$711.9M
Q2 25
$143.7M
$742.7M
Q1 25
$143.9M
$724.3M
Q4 24
$425.7M
$730.4M
Q3 24
$533.0M
$762.5M
Q2 24
$114.9M
$750.4M
Total Debt
AAT
AAT
AI
AI
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
AAT
AAT
AI
AI
Q1 26
$1.1B
Q4 25
$1.2B
$771.9M
Q3 25
$1.2B
$798.8M
Q2 25
$1.2B
$838.3M
Q1 25
$1.2B
$860.2M
Q4 24
$1.2B
$859.0M
Q3 24
$1.2B
$874.9M
Q2 24
$1.2B
$873.4M
Total Assets
AAT
AAT
AI
AI
Q1 26
$2.9B
Q4 25
$2.9B
$961.3M
Q3 25
$2.9B
$968.7M
Q2 25
$3.0B
$1.0B
Q1 25
$3.0B
$1.1B
Q4 24
$3.3B
$1.0B
Q3 24
$3.4B
$1.1B
Q2 24
$3.0B
$1.0B
Debt / Equity
AAT
AAT
AI
AI
Q1 26
Q4 25
1.48×
Q3 25
Q2 25
Q1 25
Q4 24
1.72×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
AAT
AAT
AI
AI
Operating Cash FlowLast quarter
$-46.5M
Free Cash FlowOCF − Capex
$-46.9M
FCF MarginFCF / Revenue
-62.4%
Capex IntensityCapex / Revenue
14.5%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
AI
AI
Q1 26
Q4 25
$167.1M
$-46.5M
Q3 25
$40.5M
$-33.5M
Q2 25
$49.2M
$11.3M
Q1 25
$36.9M
$-22.0M
Q4 24
$207.1M
$-38.7M
Q3 24
$52.4M
$8.0M
Q2 24
$59.3M
$21.3M
Free Cash Flow
AAT
AAT
AI
AI
Q1 26
Q4 25
$94.9M
$-46.9M
Q3 25
$23.1M
$-34.3M
Q2 25
$28.4M
$10.3M
Q1 25
$20.4M
$-22.4M
Q4 24
$136.9M
$-39.5M
Q3 24
$28.0M
$7.1M
Q2 24
$43.6M
$18.8M
FCF Margin
AAT
AAT
AI
AI
Q1 26
Q4 25
86.2%
-62.4%
Q3 25
21.1%
-48.8%
Q2 25
26.3%
9.5%
Q1 25
18.8%
-22.7%
Q4 24
120.7%
-41.9%
Q3 24
22.8%
8.2%
Q2 24
39.3%
21.7%
Capex Intensity
AAT
AAT
AI
AI
Q1 26
14.5%
Q4 25
65.6%
0.5%
Q3 25
15.9%
1.1%
Q2 25
19.3%
0.9%
Q1 25
15.1%
0.4%
Q4 24
61.9%
0.9%
Q3 24
19.9%
1.1%
Q2 24
14.1%
2.9%
Cash Conversion
AAT
AAT
AI
AI
Q1 26
Q4 25
Q3 25
8.98×
Q2 25
9.01×
Q1 25
0.87×
Q4 24
Q3 24
3.15×
Q2 24
4.98×

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%

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

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