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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and GORMAN RUPP CO (GRC). Click either name above to swap in a different company.

GORMAN RUPP CO is the larger business by last-quarter revenue ($166.6M vs $110.6M, roughly 1.5× American Assets Trust, Inc.). GORMAN RUPP CO runs the higher net margin — 8.3% vs 6.1%, a 2.2% gap on every dollar of revenue. On growth, GORMAN RUPP CO posted the faster year-over-year revenue change (2.4% vs 1.8%). Over the past eight quarters, GORMAN RUPP CO's revenue compounded faster (2.3% 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.

Gorman-Rupp is a pump manufacturer in Mansfield, Ohio. It manufactures pumps for municipal, water, wastewater, sewage, industrial, construction, petroleum, fire, and OEM markets. The company is traded on the New York Stock Exchange. Its current CEO is Scott King.

AAT vs GRC — Head-to-Head

Bigger by revenue
GRC
GRC
1.5× larger
GRC
$166.6M
$110.6M
AAT
Growing faster (revenue YoY)
GRC
GRC
+0.5% gap
GRC
2.4%
1.8%
AAT
Higher net margin
GRC
GRC
2.2% more per $
GRC
8.3%
6.1%
AAT
Faster 2-yr revenue CAGR
GRC
GRC
Annualised
GRC
2.3%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AAT
AAT
GRC
GRC
Revenue
$110.6M
$166.6M
Net Profit
$6.7M
$13.7M
Gross Margin
31.4%
Operating Margin
23.4%
14.9%
Net Margin
6.1%
8.3%
Revenue YoY
1.8%
2.4%
Net Profit YoY
-16.3%
25.2%
EPS (diluted)
$0.08
$0.53

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
GRC
GRC
Q1 26
$110.6M
Q4 25
$110.1M
$166.6M
Q3 25
$109.6M
$172.8M
Q2 25
$107.9M
$179.0M
Q1 25
$108.6M
$163.9M
Q4 24
$113.5M
$162.7M
Q3 24
$122.8M
$168.2M
Q2 24
$110.9M
$169.5M
Net Profit
AAT
AAT
GRC
GRC
Q1 26
$6.7M
Q4 25
$13.7M
Q3 25
$4.5M
$11.3M
Q2 25
$5.5M
$15.8M
Q1 25
$42.5M
$12.1M
Q4 24
$11.0M
Q3 24
$16.7M
$12.9M
Q2 24
$11.9M
$8.3M
Gross Margin
AAT
AAT
GRC
GRC
Q1 26
Q4 25
59.4%
31.4%
Q3 25
60.5%
29.2%
Q2 25
62.6%
31.3%
Q1 25
62.0%
30.7%
Q4 24
61.3%
30.2%
Q3 24
65.5%
31.3%
Q2 24
63.6%
31.9%
Operating Margin
AAT
AAT
GRC
GRC
Q1 26
23.4%
Q4 25
21.1%
14.9%
Q3 25
22.6%
12.4%
Q2 25
24.1%
15.0%
Q1 25
66.3%
13.5%
Q4 24
26.5%
13.0%
Q3 24
30.8%
14.2%
Q2 24
27.8%
15.4%
Net Margin
AAT
AAT
GRC
GRC
Q1 26
6.1%
Q4 25
8.3%
Q3 25
4.1%
6.6%
Q2 25
5.1%
8.8%
Q1 25
39.2%
7.4%
Q4 24
6.7%
Q3 24
13.6%
7.7%
Q2 24
10.7%
4.9%
EPS (diluted)
AAT
AAT
GRC
GRC
Q1 26
$0.08
Q4 25
$0.06
$0.53
Q3 25
$0.07
$0.43
Q2 25
$0.09
$0.60
Q1 25
$0.70
$0.46
Q4 24
$0.14
$0.42
Q3 24
$0.28
$0.49
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
AAT
AAT
GRC
GRC
Cash + ST InvestmentsLiquidity on hand
$118.3M
$35.1M
Total DebtLower is stronger
$307.5M
Stockholders' EquityBook value
$1.1B
$414.7M
Total Assets
$2.9B
$860.1M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
GRC
GRC
Q1 26
$118.3M
Q4 25
$129.4M
$35.1M
Q3 25
$138.7M
$42.9M
Q2 25
$143.7M
$27.0M
Q1 25
$143.9M
$21.8M
Q4 24
$425.7M
$24.2M
Q3 24
$533.0M
$39.7M
Q2 24
$114.9M
$34.2M
Total Debt
AAT
AAT
GRC
GRC
Q1 26
Q4 25
$1.7B
$307.5M
Q3 25
$322.3M
Q2 25
$337.1M
Q1 25
$352.2M
Q4 24
$2.0B
$366.6M
Q3 24
$381.0M
Q2 24
$395.4M
Stockholders' Equity
AAT
AAT
GRC
GRC
Q1 26
$1.1B
Q4 25
$1.2B
$414.7M
Q3 25
$1.2B
$405.2M
Q2 25
$1.2B
$397.8M
Q1 25
$1.2B
$382.1M
Q4 24
$1.2B
$373.8M
Q3 24
$1.2B
$367.3M
Q2 24
$1.2B
$358.6M
Total Assets
AAT
AAT
GRC
GRC
Q1 26
$2.9B
Q4 25
$2.9B
$860.1M
Q3 25
$2.9B
$869.9M
Q2 25
$3.0B
$861.8M
Q1 25
$3.0B
$857.8M
Q4 24
$3.3B
$858.5M
Q3 24
$3.4B
$883.5M
Q2 24
$3.0B
$891.1M
Debt / Equity
AAT
AAT
GRC
GRC
Q1 26
Q4 25
1.48×
0.74×
Q3 25
0.80×
Q2 25
0.85×
Q1 25
0.92×
Q4 24
1.72×
0.98×
Q3 24
1.04×
Q2 24
1.10×

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
GRC
GRC
Operating Cash FlowLast quarter
$15.0M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
14.5%
2.9%
Cash ConversionOCF / Net Profit
1.09×
TTM Free Cash FlowTrailing 4 quarters
$88.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
GRC
GRC
Q1 26
Q4 25
$167.1M
$15.0M
Q3 25
$40.5M
$42.3M
Q2 25
$49.2M
$27.8M
Q1 25
$36.9M
$21.1M
Q4 24
$207.1M
$9.3M
Q3 24
$52.4M
$27.2M
Q2 24
$59.3M
$22.7M
Free Cash Flow
AAT
AAT
GRC
GRC
Q1 26
Q4 25
$94.9M
$10.2M
Q3 25
$23.1M
$35.8M
Q2 25
$28.4M
$24.8M
Q1 25
$20.4M
$18.1M
Q4 24
$136.9M
$5.2M
Q3 24
$28.0M
$24.0M
Q2 24
$43.6M
$19.4M
FCF Margin
AAT
AAT
GRC
GRC
Q1 26
Q4 25
86.2%
6.1%
Q3 25
21.1%
20.7%
Q2 25
26.3%
13.9%
Q1 25
18.8%
11.0%
Q4 24
120.7%
3.2%
Q3 24
22.8%
14.3%
Q2 24
39.3%
11.5%
Capex Intensity
AAT
AAT
GRC
GRC
Q1 26
14.5%
Q4 25
65.6%
2.9%
Q3 25
15.9%
3.8%
Q2 25
19.3%
1.7%
Q1 25
15.1%
1.8%
Q4 24
61.9%
2.5%
Q3 24
19.9%
1.9%
Q2 24
14.1%
1.9%
Cash Conversion
AAT
AAT
GRC
GRC
Q1 26
Q4 25
1.09×
Q3 25
8.98×
3.73×
Q2 25
9.01×
1.76×
Q1 25
0.87×
1.74×
Q4 24
0.84×
Q3 24
3.15×
2.10×
Q2 24
4.98×
2.72×

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%

GRC
GRC

Industrial$34.7M21%
Fire Market$31.4M19%
Municipal$25.3M15%
Agriculture$22.5M14%
Repair Parts$18.9M11%
Construction$17.3M10%
Original Equipment Manufacturer$10.8M7%
Petroleum$5.6M3%

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