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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Emerald Holding, Inc. (EEX). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $110.6M, roughly 1.2× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -22.8%, a 28.9% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 1.8%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -0.3%).
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.
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
AAT vs EEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $132.7M |
| Net Profit | $6.7M | $-30.2M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | -11.8% |
| Net Margin | 6.1% | -22.8% |
| Revenue YoY | 1.8% | 24.3% |
| Net Profit YoY | -16.3% | -692.2% |
| EPS (diluted) | $0.08 | $-0.15 |
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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $132.7M | ||
| Q3 25 | $109.6M | $77.5M | ||
| Q2 25 | $107.9M | $105.5M | ||
| Q1 25 | $108.6M | $147.7M | ||
| Q4 24 | $113.5M | $106.8M | ||
| Q3 24 | $122.8M | $72.6M | ||
| Q2 24 | $110.9M | $86.0M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-30.2M | ||
| Q3 25 | $4.5M | $-14.4M | ||
| Q2 25 | $5.5M | $-1.4M | ||
| Q1 25 | $42.5M | $15.3M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | $16.7M | $-11.1M | ||
| Q2 24 | $11.9M | $-2.8M |
| 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% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -11.8% | ||
| Q3 25 | 22.6% | -10.1% | ||
| Q2 25 | 24.1% | 9.7% | ||
| Q1 25 | 66.3% | 24.2% | ||
| Q4 24 | 26.5% | 19.5% | ||
| Q3 24 | 30.8% | -6.5% | ||
| Q2 24 | 27.8% | 7.4% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -22.8% | ||
| Q3 25 | 4.1% | -18.6% | ||
| Q2 25 | 5.1% | -1.3% | ||
| Q1 25 | 39.2% | 10.4% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 13.6% | -15.3% | ||
| Q2 24 | 10.7% | -3.3% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.15 | ||
| Q3 25 | $0.07 | $-0.07 | ||
| Q2 25 | $0.09 | $-0.01 | ||
| Q1 25 | $0.70 | $0.08 | ||
| Q4 24 | $0.14 | $0.01 | ||
| Q3 24 | $0.28 | $-0.05 | ||
| Q2 24 | $0.20 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $100.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $338.8M |
| Total Assets | $2.9B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $100.9M | ||
| Q3 25 | $138.7M | $95.4M | ||
| Q2 25 | $143.7M | $156.4M | ||
| Q1 25 | $143.9M | $276.8M | ||
| Q4 24 | $425.7M | $194.8M | ||
| Q3 24 | $533.0M | $188.9M | ||
| Q2 24 | $114.9M | $193.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $338.8M | ||
| Q3 25 | $1.2B | $369.5M | ||
| Q2 25 | $1.2B | $389.4M | ||
| Q1 25 | $1.2B | $392.1M | ||
| Q4 24 | $1.2B | $385.9M | ||
| Q3 24 | $1.2B | $391.1M | ||
| Q2 24 | $1.2B | $407.6M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $3.0B | $1.2B | ||
| Q1 25 | $3.0B | $1.2B | ||
| Q4 24 | $3.3B | $1.0B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $12.3M |
| Free Cash FlowOCF − Capex | — | $11.7M |
| FCF MarginFCF / Revenue | — | 8.8% |
| Capex IntensityCapex / Revenue | 14.5% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $12.3M | ||
| Q3 25 | $40.5M | $1.8M | ||
| Q2 25 | $49.2M | $15.9M | ||
| Q1 25 | $36.9M | $12.6M | ||
| Q4 24 | $207.1M | $20.6M | ||
| Q3 24 | $52.4M | $9.1M | ||
| Q2 24 | $59.3M | $9.8M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $11.7M | ||
| Q3 25 | $23.1M | $1.5M | ||
| Q2 25 | $28.4M | $15.8M | ||
| Q1 25 | $20.4M | $12.4M | ||
| Q4 24 | $136.9M | $19.9M | ||
| Q3 24 | $28.0M | $9.0M | ||
| Q2 24 | $43.6M | $9.6M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 8.8% | ||
| Q3 25 | 21.1% | 1.9% | ||
| Q2 25 | 26.3% | 15.0% | ||
| Q1 25 | 18.8% | 8.4% | ||
| Q4 24 | 120.7% | 18.6% | ||
| Q3 24 | 22.8% | 12.4% | ||
| Q2 24 | 39.3% | 11.2% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.5% | ||
| Q3 25 | 15.9% | 0.4% | ||
| Q2 25 | 19.3% | 0.1% | ||
| Q1 25 | 15.1% | 0.1% | ||
| Q4 24 | 61.9% | 0.7% | ||
| Q3 24 | 19.9% | 0.1% | ||
| Q2 24 | 14.1% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | 0.82× | ||
| Q4 24 | — | 4.04× | ||
| 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
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
