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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and indie Semiconductor, Inc. (INDI). 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 $55.5M, roughly 2.0× indie Semiconductor, Inc.). On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (2.6% vs 1.8%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (2.9% 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.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

AAT vs INDI — Head-to-Head

Bigger by revenue
AAT
AAT
2.0× larger
AAT
$110.6M
$55.5M
INDI
Growing faster (revenue YoY)
INDI
INDI
+0.7% gap
INDI
2.6%
1.8%
AAT
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
2.9%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AAT
AAT
INDI
INDI
Revenue
$110.6M
$55.5M
Net Profit
$6.7M
Gross Margin
38.0%
Operating Margin
23.4%
-70.1%
Net Margin
6.1%
Revenue YoY
1.8%
2.6%
Net Profit YoY
-16.3%
EPS (diluted)
$0.08

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
INDI
INDI
Q1 26
$110.6M
$55.5M
Q4 25
$110.1M
$58.0M
Q3 25
$109.6M
$53.7M
Q2 25
$107.9M
$51.6M
Q1 25
$108.6M
$54.1M
Q4 24
$113.5M
$58.0M
Q3 24
$122.8M
$54.0M
Q2 24
$110.9M
$52.4M
Net Profit
AAT
AAT
INDI
INDI
Q1 26
$6.7M
Q4 25
$-31.2M
Q3 25
$4.5M
$-38.3M
Q2 25
$5.5M
$-39.0M
Q1 25
$42.5M
$-34.5M
Q4 24
$-34.4M
Q3 24
$16.7M
$-49.7M
Q2 24
$11.9M
$-19.2M
Gross Margin
AAT
AAT
INDI
INDI
Q1 26
38.0%
Q4 25
59.4%
37.3%
Q3 25
60.5%
40.1%
Q2 25
62.6%
40.6%
Q1 25
62.0%
41.7%
Q4 24
61.3%
42.6%
Q3 24
65.5%
39.3%
Q2 24
63.6%
42.2%
Operating Margin
AAT
AAT
INDI
INDI
Q1 26
23.4%
-70.1%
Q4 25
21.1%
-58.5%
Q3 25
22.6%
-71.4%
Q2 25
24.1%
-83.3%
Q1 25
66.3%
-72.0%
Q4 24
26.5%
-58.4%
Q3 24
30.8%
-92.5%
Q2 24
27.8%
-70.0%
Net Margin
AAT
AAT
INDI
INDI
Q1 26
6.1%
Q4 25
-53.8%
Q3 25
4.1%
-71.3%
Q2 25
5.1%
-75.6%
Q1 25
39.2%
-63.9%
Q4 24
-59.2%
Q3 24
13.6%
-92.1%
Q2 24
10.7%
-36.6%
EPS (diluted)
AAT
AAT
INDI
INDI
Q1 26
$0.08
Q4 25
$0.06
$-0.16
Q3 25
$0.07
$-0.19
Q2 25
$0.09
$-0.20
Q1 25
$0.70
$-0.18
Q4 24
$0.14
$-0.18
Q3 24
$0.28
$-0.28
Q2 24
$0.20
$-0.11

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$118.3M
$174.4M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$1.1B
$348.9M
Total Assets
$2.9B
$869.6M
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
INDI
INDI
Q1 26
$118.3M
$174.4M
Q4 25
$129.4M
$145.5M
Q3 25
$138.7M
$160.9M
Q2 25
$143.7M
$192.6M
Q1 25
$143.9M
$236.6M
Q4 24
$425.7M
$274.2M
Q3 24
$533.0M
$96.9M
Q2 24
$114.9M
$112.3M
Total Debt
AAT
AAT
INDI
INDI
Q1 26
$402.8M
Q4 25
$1.7B
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$2.0B
$381.3M
Q3 24
Q2 24
Stockholders' Equity
AAT
AAT
INDI
INDI
Q1 26
$1.1B
$348.9M
Q4 25
$1.2B
$358.0M
Q3 25
$1.2B
$369.2M
Q2 25
$1.2B
$390.4M
Q1 25
$1.2B
$405.6M
Q4 24
$1.2B
$417.9M
Q3 24
$1.2B
$458.6M
Q2 24
$1.2B
$470.7M
Total Assets
AAT
AAT
INDI
INDI
Q1 26
$2.9B
$869.6M
Q4 25
$2.9B
$840.8M
Q3 25
$2.9B
$855.1M
Q2 25
$3.0B
$867.6M
Q1 25
$3.0B
$909.0M
Q4 24
$3.3B
$941.4M
Q3 24
$3.4B
$797.5M
Q2 24
$3.0B
$797.3M
Debt / Equity
AAT
AAT
INDI
INDI
Q1 26
1.15×
Q4 25
1.48×
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
1.72×
0.91×
Q3 24
Q2 24

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%

INDI
INDI

Product revenue$51.6M93%
Contract revenue$3.9M7%

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