vs

Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and AMPCO PITTSBURGH CORP (AP). 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 $104.4M, roughly 1.1× AMPCO PITTSBURGH CORP). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -55.2%, a 61.3% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 1.8%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -2.6%).

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.

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

AAT vs AP — Head-to-Head

Bigger by revenue
AAT
AAT
1.1× larger
AAT
$110.6M
$104.4M
AP
Growing faster (revenue YoY)
AP
AP
+9.6% gap
AP
11.5%
1.8%
AAT
Higher net margin
AAT
AAT
61.3% more per $
AAT
6.1%
-55.2%
AP
Faster 2-yr revenue CAGR
AAT
AAT
Annualised
AAT
-0.1%
-2.6%
AP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AAT
AAT
AP
AP
Revenue
$110.6M
$104.4M
Net Profit
$6.7M
$-57.7M
Gross Margin
Operating Margin
23.4%
-54.0%
Net Margin
6.1%
-55.2%
Revenue YoY
1.8%
11.5%
Net Profit YoY
-16.3%
-1958.9%
EPS (diluted)
$0.08
$-2.87

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
AP
AP
Q1 26
$110.6M
Q4 25
$110.1M
$104.4M
Q3 25
$109.6M
$103.7M
Q2 25
$107.9M
$108.9M
Q1 25
$108.6M
$99.2M
Q4 24
$113.5M
$93.6M
Q3 24
$122.8M
$92.1M
Q2 24
$110.9M
$107.1M
Net Profit
AAT
AAT
AP
AP
Q1 26
$6.7M
Q4 25
$-57.7M
Q3 25
$4.5M
$-2.2M
Q2 25
$5.5M
$-7.3M
Q1 25
$42.5M
$1.1M
Q4 24
$3.1M
Q3 24
$16.7M
$-2.0M
Q2 24
$11.9M
$2.0M
Gross Margin
AAT
AAT
AP
AP
Q1 26
Q4 25
59.4%
Q3 25
60.5%
Q2 25
62.6%
Q1 25
62.0%
Q4 24
61.3%
Q3 24
65.5%
Q2 24
63.6%
Operating Margin
AAT
AAT
AP
AP
Q1 26
23.4%
Q4 25
21.1%
-54.0%
Q3 25
22.6%
1.1%
Q2 25
24.1%
-2.8%
Q1 25
66.3%
3.9%
Q4 24
26.5%
5.5%
Q3 24
30.8%
2.0%
Q2 24
27.8%
4.7%
Net Margin
AAT
AAT
AP
AP
Q1 26
6.1%
Q4 25
-55.2%
Q3 25
4.1%
-2.1%
Q2 25
5.1%
-6.7%
Q1 25
39.2%
1.2%
Q4 24
3.3%
Q3 24
13.6%
-2.1%
Q2 24
10.7%
1.9%
EPS (diluted)
AAT
AAT
AP
AP
Q1 26
$0.08
Q4 25
$0.06
$-2.87
Q3 25
$0.07
$-0.11
Q2 25
$0.09
$-0.36
Q1 25
$0.70
$0.06
Q4 24
$0.14
$0.16
Q3 24
$0.28
$-0.10
Q2 24
$0.20
$0.10

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
AP
AP
Cash + ST InvestmentsLiquidity on hand
$118.3M
$10.7M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$1.1B
$32.6M
Total Assets
$2.9B
$495.4M
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
AP
AP
Q1 26
$118.3M
Q4 25
$129.4M
$10.7M
Q3 25
$138.7M
$15.0M
Q2 25
$143.7M
$9.9M
Q1 25
$143.9M
$7.1M
Q4 24
$425.7M
$15.4M
Q3 24
$533.0M
$11.8M
Q2 24
$114.9M
$7.9M
Total Debt
AAT
AAT
AP
AP
Q1 26
Q4 25
$1.7B
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$2.0B
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Stockholders' Equity
AAT
AAT
AP
AP
Q1 26
$1.1B
Q4 25
$1.2B
$32.6M
Q3 25
$1.2B
$60.1M
Q2 25
$1.2B
$62.7M
Q1 25
$1.2B
$64.6M
Q4 24
$1.2B
$58.9M
Q3 24
$1.2B
$61.3M
Q2 24
$1.2B
$58.0M
Total Assets
AAT
AAT
AP
AP
Q1 26
$2.9B
Q4 25
$2.9B
$495.4M
Q3 25
$2.9B
$524.4M
Q2 25
$3.0B
$537.2M
Q1 25
$3.0B
$536.2M
Q4 24
$3.3B
$530.9M
Q3 24
$3.4B
$547.4M
Q2 24
$3.0B
$560.8M
Debt / Equity
AAT
AAT
AP
AP
Q1 26
Q4 25
1.48×
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.72×
1.98×
Q3 24
1.89×
Q2 24
2.06×

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
AP
AP
Operating Cash FlowLast quarter
$2.7M
Free Cash FlowOCF − Capex
$-64.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
14.5%
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
AP
AP
Q1 26
Q4 25
$167.1M
$2.7M
Q3 25
$40.5M
$6.3M
Q2 25
$49.2M
$-2.3M
Q1 25
$36.9M
$-5.3M
Q4 24
$207.1M
$7.5M
Q3 24
$52.4M
$11.4M
Q2 24
$59.3M
$-5.3M
Free Cash Flow
AAT
AAT
AP
AP
Q1 26
Q4 25
$94.9M
$-64.0K
Q3 25
$23.1M
$3.3M
Q2 25
$28.4M
$-3.8M
Q1 25
$20.4M
$-7.5M
Q4 24
$136.9M
$3.7M
Q3 24
$28.0M
$8.4M
Q2 24
$43.6M
$-8.0M
FCF Margin
AAT
AAT
AP
AP
Q1 26
Q4 25
86.2%
-0.1%
Q3 25
21.1%
3.2%
Q2 25
26.3%
-3.5%
Q1 25
18.8%
-7.5%
Q4 24
120.7%
4.0%
Q3 24
22.8%
9.1%
Q2 24
39.3%
-7.5%
Capex Intensity
AAT
AAT
AP
AP
Q1 26
14.5%
Q4 25
65.6%
2.7%
Q3 25
15.9%
2.9%
Q2 25
19.3%
1.3%
Q1 25
15.1%
2.2%
Q4 24
61.9%
4.0%
Q3 24
19.9%
3.2%
Q2 24
14.1%
2.5%
Cash Conversion
AAT
AAT
AP
AP
Q1 26
Q4 25
Q3 25
8.98×
Q2 25
9.01×
Q1 25
0.87×
-4.62×
Q4 24
2.40×
Q3 24
3.15×
Q2 24
4.98×
-2.64×

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%

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

Related Comparisons