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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $110.6M, roughly 1.6× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -9.0%, a 15.1% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs 1.8%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% 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.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
AAT vs FSLY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $172.6M |
| Net Profit | $6.7M | $-15.5M |
| Gross Margin | — | 61.4% |
| Operating Margin | 23.4% | -8.7% |
| Net Margin | 6.1% | -9.0% |
| Revenue YoY | 1.8% | 22.8% |
| Net Profit YoY | -16.3% | 52.9% |
| EPS (diluted) | $0.08 | $-0.10 |
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 | $172.6M | ||
| Q3 25 | $109.6M | $158.2M | ||
| Q2 25 | $107.9M | $148.7M | ||
| Q1 25 | $108.6M | $144.5M | ||
| Q4 24 | $113.5M | $140.6M | ||
| Q3 24 | $122.8M | $137.2M | ||
| Q2 24 | $110.9M | $132.4M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-15.5M | ||
| Q3 25 | $4.5M | $-29.5M | ||
| Q2 25 | $5.5M | $-37.5M | ||
| Q1 25 | $42.5M | $-39.1M | ||
| Q4 24 | — | $-32.9M | ||
| Q3 24 | $16.7M | $-38.0M | ||
| Q2 24 | $11.9M | $-43.7M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 61.4% | ||
| Q3 25 | 60.5% | 58.4% | ||
| Q2 25 | 62.6% | 54.5% | ||
| Q1 25 | 62.0% | 53.2% | ||
| Q4 24 | 61.3% | 53.4% | ||
| Q3 24 | 65.5% | 54.5% | ||
| Q2 24 | 63.6% | 55.1% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -8.7% | ||
| Q3 25 | 22.6% | -18.2% | ||
| Q2 25 | 24.1% | -24.8% | ||
| Q1 25 | 66.3% | -26.4% | ||
| Q4 24 | 26.5% | -24.4% | ||
| Q3 24 | 30.8% | -29.6% | ||
| Q2 24 | 27.8% | -35.3% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -9.0% | ||
| Q3 25 | 4.1% | -18.6% | ||
| Q2 25 | 5.1% | -25.2% | ||
| Q1 25 | 39.2% | -27.1% | ||
| Q4 24 | — | -23.4% | ||
| Q3 24 | 13.6% | -27.7% | ||
| Q2 24 | 10.7% | -33.0% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.10 | ||
| Q3 25 | $0.07 | $-0.20 | ||
| Q2 25 | $0.09 | $-0.26 | ||
| Q1 25 | $0.70 | $-0.27 | ||
| Q4 24 | $0.14 | $-0.23 | ||
| Q3 24 | $0.28 | $-0.27 | ||
| Q2 24 | $0.20 | $-0.32 |
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 | $361.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $929.6M |
| Total Assets | $2.9B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $361.8M | ||
| Q3 25 | $138.7M | $342.9M | ||
| Q2 25 | $143.7M | $321.2M | ||
| Q1 25 | $143.9M | $307.3M | ||
| Q4 24 | $425.7M | $295.9M | ||
| Q3 24 | $533.0M | $308.2M | ||
| Q2 24 | $114.9M | $311.8M |
| 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 | $929.6M | ||
| Q3 25 | $1.2B | $937.0M | ||
| Q2 25 | $1.2B | $942.6M | ||
| Q1 25 | $1.2B | $957.0M | ||
| Q4 24 | $1.2B | $965.3M | ||
| Q3 24 | $1.2B | $969.5M | ||
| Q2 24 | $1.2B | $981.2M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.5B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $3.0B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.3B | $1.5B | ||
| Q3 24 | $3.4B | $1.5B | ||
| Q2 24 | $3.0B | $1.5B |
| 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 | — | $22.4M |
| Free Cash FlowOCF − Capex | — | $12.2M |
| FCF MarginFCF / Revenue | — | 7.1% |
| Capex IntensityCapex / Revenue | 14.5% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $22.4M | ||
| Q3 25 | $40.5M | $28.9M | ||
| Q2 25 | $49.2M | $25.8M | ||
| Q1 25 | $36.9M | $17.3M | ||
| Q4 24 | $207.1M | $5.2M | ||
| Q3 24 | $52.4M | $5.0M | ||
| Q2 24 | $59.3M | $-4.9M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $12.2M | ||
| Q3 25 | $23.1M | $22.9M | ||
| Q2 25 | $28.4M | $15.9M | ||
| Q1 25 | $20.4M | $14.7M | ||
| Q4 24 | $136.9M | $251.0K | ||
| Q3 24 | $28.0M | $3.0M | ||
| Q2 24 | $43.6M | $-6.7M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 7.1% | ||
| Q3 25 | 21.1% | 14.5% | ||
| Q2 25 | 26.3% | 10.7% | ||
| Q1 25 | 18.8% | 10.2% | ||
| Q4 24 | 120.7% | 0.2% | ||
| Q3 24 | 22.8% | 2.2% | ||
| Q2 24 | 39.3% | -5.1% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 5.9% | ||
| Q3 25 | 15.9% | 3.8% | ||
| Q2 25 | 19.3% | 6.6% | ||
| Q1 25 | 15.1% | 1.8% | ||
| Q4 24 | 61.9% | 3.5% | ||
| Q3 24 | 19.9% | 1.5% | ||
| Q2 24 | 14.1% | 1.3% |
| 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
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
