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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and HEALTHSTREAM INC (HSTM). 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 $79.7M, roughly 1.4× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 1.8%). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% 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.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
AAT vs HSTM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $79.7M |
| Net Profit | $6.7M | — |
| Gross Margin | — | — |
| Operating Margin | 23.4% | 3.0% |
| Net Margin | 6.1% | — |
| Revenue YoY | 1.8% | 7.4% |
| Net Profit YoY | -16.3% | — |
| EPS (diluted) | $0.08 | $0.09 |
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 | $79.7M | ||
| Q3 25 | $109.6M | $76.5M | ||
| Q2 25 | $107.9M | $74.4M | ||
| Q1 25 | $108.6M | $73.5M | ||
| Q4 24 | $113.5M | $74.2M | ||
| Q3 24 | $122.8M | $73.1M | ||
| Q2 24 | $110.9M | $71.6M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $4.5M | $6.1M | ||
| Q2 25 | $5.5M | $5.4M | ||
| Q1 25 | $42.5M | $4.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | $16.7M | $5.7M | ||
| Q2 24 | $11.9M | $4.2M |
| 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% | 3.0% | ||
| Q3 25 | 22.6% | 9.9% | ||
| Q2 25 | 24.1% | 7.9% | ||
| Q1 25 | 66.3% | 6.0% | ||
| Q4 24 | 26.5% | 6.3% | ||
| Q3 24 | 30.8% | 8.9% | ||
| Q2 24 | 27.8% | 6.2% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.1% | 8.0% | ||
| Q2 25 | 5.1% | 7.2% | ||
| Q1 25 | 39.2% | 5.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.6% | 7.8% | ||
| Q2 24 | 10.7% | 5.8% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.09 | ||
| Q3 25 | $0.07 | $0.20 | ||
| Q2 25 | $0.09 | $0.18 | ||
| Q1 25 | $0.70 | $0.14 | ||
| Q4 24 | $0.14 | $0.16 | ||
| Q3 24 | $0.28 | $0.19 | ||
| Q2 24 | $0.20 | $0.14 |
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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $354.0M |
| Total Assets | $2.9B | $520.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $36.2M | ||
| Q3 25 | $138.7M | $53.5M | ||
| Q2 25 | $143.7M | $52.1M | ||
| Q1 25 | $143.9M | $77.3M | ||
| Q4 24 | $425.7M | $59.5M | ||
| Q3 24 | $533.0M | $57.5M | ||
| Q2 24 | $114.9M | $46.1M |
| 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 | $354.0M | ||
| Q3 25 | $1.2B | $349.2M | ||
| Q2 25 | $1.2B | $350.6M | ||
| Q1 25 | $1.2B | $362.8M | ||
| Q4 24 | $1.2B | $359.4M | ||
| Q3 24 | $1.2B | $355.5M | ||
| Q2 24 | $1.2B | $349.2M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $520.4M | ||
| Q3 25 | $2.9B | $499.9M | ||
| Q2 25 | $3.0B | $500.1M | ||
| Q1 25 | $3.0B | $524.0M | ||
| Q4 24 | $3.3B | $510.8M | ||
| Q3 24 | $3.4B | $502.8M | ||
| Q2 24 | $3.0B | $499.6M |
| 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 | — | $13.2M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 16.3% |
| Capex IntensityCapex / Revenue | 14.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $13.2M | ||
| Q3 25 | $40.5M | $18.0M | ||
| Q2 25 | $49.2M | $5.0M | ||
| Q1 25 | $36.9M | $27.1M | ||
| Q4 24 | $207.1M | $11.2M | ||
| Q3 24 | $52.4M | $19.1M | ||
| Q2 24 | $59.3M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $13.0M | ||
| Q3 25 | $23.1M | $17.9M | ||
| Q2 25 | $28.4M | $2.7M | ||
| Q1 25 | $20.4M | $26.0M | ||
| Q4 24 | $136.9M | $11.0M | ||
| Q3 24 | $28.0M | $18.8M | ||
| Q2 24 | $43.6M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 16.3% | ||
| Q3 25 | 21.1% | 23.4% | ||
| Q2 25 | 26.3% | 3.6% | ||
| Q1 25 | 18.8% | 35.4% | ||
| Q4 24 | 120.7% | 14.8% | ||
| Q3 24 | 22.8% | 25.8% | ||
| Q2 24 | 39.3% | 8.8% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.3% | ||
| Q3 25 | 15.9% | 0.1% | ||
| Q2 25 | 19.3% | 3.1% | ||
| Q1 25 | 15.1% | 1.4% | ||
| Q4 24 | 61.9% | 0.3% | ||
| Q3 24 | 19.9% | 0.4% | ||
| Q2 24 | 14.1% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | 2.96× | ||
| Q2 25 | 9.01× | 0.93× | ||
| Q1 25 | 0.87× | 6.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 3.34× | ||
| Q2 24 | 4.98× | 1.55× |
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% |
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
