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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Beam Therapeutics Inc. (BEAM). Click either name above to swap in a different company.

Beam Therapeutics Inc. is the larger business by last-quarter revenue ($114.1M vs $110.6M, roughly 1.0× American Assets Trust, Inc.). Beam Therapeutics Inc. runs the higher net margin — 214.1% vs 6.1%, a 208.0% gap on every dollar of revenue. On growth, Beam Therapeutics Inc. posted the faster year-over-year revenue change (279.5% vs 1.8%).

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.

Beam Therapeutics Inc. is an American biotechnology company conducting research in the field of gene therapies and genome editing. The company is headquartered in Cambridge, Massachusetts. In the development of therapies, the company relies on CRISPR base editing and prime editing, whereby single nucleotides in a DNA sequence can be enzymatically modified without producing double-strand breaks.

AAT vs BEAM — Head-to-Head

Bigger by revenue
BEAM
BEAM
1.0× larger
BEAM
$114.1M
$110.6M
AAT
Growing faster (revenue YoY)
BEAM
BEAM
+277.7% gap
BEAM
279.5%
1.8%
AAT
Higher net margin
BEAM
BEAM
208.0% more per $
BEAM
214.1%
6.1%
AAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AAT
AAT
BEAM
BEAM
Revenue
$110.6M
$114.1M
Net Profit
$6.7M
$244.3M
Gross Margin
Operating Margin
23.4%
-15.3%
Net Margin
6.1%
214.1%
Revenue YoY
1.8%
279.5%
Net Profit YoY
-16.3%
370.4%
EPS (diluted)
$0.08
$2.53

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
BEAM
BEAM
Q1 26
$110.6M
Q4 25
$110.1M
$114.1M
Q3 25
$109.6M
Q2 25
$107.9M
Q1 25
$108.6M
Q4 24
$113.5M
Q3 24
$122.8M
Q2 24
$110.9M
Net Profit
AAT
AAT
BEAM
BEAM
Q1 26
$6.7M
Q4 25
$244.3M
Q3 25
$4.5M
Q2 25
$5.5M
Q1 25
$42.5M
Q4 24
Q3 24
$16.7M
Q2 24
$11.9M
Gross Margin
AAT
AAT
BEAM
BEAM
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
BEAM
BEAM
Q1 26
23.4%
Q4 25
21.1%
-15.3%
Q3 25
22.6%
Q2 25
24.1%
Q1 25
66.3%
Q4 24
26.5%
Q3 24
30.8%
Q2 24
27.8%
Net Margin
AAT
AAT
BEAM
BEAM
Q1 26
6.1%
Q4 25
214.1%
Q3 25
4.1%
Q2 25
5.1%
Q1 25
39.2%
Q4 24
Q3 24
13.6%
Q2 24
10.7%
EPS (diluted)
AAT
AAT
BEAM
BEAM
Q1 26
$0.08
Q4 25
$0.06
$2.53
Q3 25
$0.07
Q2 25
$0.09
Q1 25
$0.70
Q4 24
$0.14
Q3 24
$0.28
Q2 24
$0.20

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
BEAM
BEAM
Cash + ST InvestmentsLiquidity on hand
$118.3M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$1.2B
Total Assets
$2.9B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
BEAM
BEAM
Q1 26
$118.3M
Q4 25
$129.4M
$1.2B
Q3 25
$138.7M
Q2 25
$143.7M
Q1 25
$143.9M
Q4 24
$425.7M
Q3 24
$533.0M
Q2 24
$114.9M
Total Debt
AAT
AAT
BEAM
BEAM
Q1 26
Q4 25
$1.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.0B
Q3 24
Q2 24
Stockholders' Equity
AAT
AAT
BEAM
BEAM
Q1 26
$1.1B
Q4 25
$1.2B
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Total Assets
AAT
AAT
BEAM
BEAM
Q1 26
$2.9B
Q4 25
$2.9B
$1.5B
Q3 25
$2.9B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.0B
Debt / Equity
AAT
AAT
BEAM
BEAM
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
BEAM
BEAM
Operating Cash FlowLast quarter
$-83.3M
Free Cash FlowOCF − Capex
$-87.0M
FCF MarginFCF / Revenue
-76.3%
Capex IntensityCapex / Revenue
14.5%
3.3%
Cash ConversionOCF / Net Profit
-0.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
BEAM
BEAM
Q1 26
Q4 25
$167.1M
$-83.3M
Q3 25
$40.5M
Q2 25
$49.2M
Q1 25
$36.9M
Q4 24
$207.1M
Q3 24
$52.4M
Q2 24
$59.3M
Free Cash Flow
AAT
AAT
BEAM
BEAM
Q1 26
Q4 25
$94.9M
$-87.0M
Q3 25
$23.1M
Q2 25
$28.4M
Q1 25
$20.4M
Q4 24
$136.9M
Q3 24
$28.0M
Q2 24
$43.6M
FCF Margin
AAT
AAT
BEAM
BEAM
Q1 26
Q4 25
86.2%
-76.3%
Q3 25
21.1%
Q2 25
26.3%
Q1 25
18.8%
Q4 24
120.7%
Q3 24
22.8%
Q2 24
39.3%
Capex Intensity
AAT
AAT
BEAM
BEAM
Q1 26
14.5%
Q4 25
65.6%
3.3%
Q3 25
15.9%
Q2 25
19.3%
Q1 25
15.1%
Q4 24
61.9%
Q3 24
19.9%
Q2 24
14.1%
Cash Conversion
AAT
AAT
BEAM
BEAM
Q1 26
Q4 25
-0.34×
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%

BEAM
BEAM

Pfizer$109.1M96%
Other$5.0M4%

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