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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $110.6M, roughly 1.9× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 2.7%, a 3.4% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 1.8%). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% 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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
AAT vs IRTC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $208.9M |
| Net Profit | $6.7M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | 23.4% | 1.1% |
| Net Margin | 6.1% | 2.7% |
| Revenue YoY | 1.8% | 27.1% |
| Net Profit YoY | -16.3% | 518.5% |
| EPS (diluted) | $0.08 | $0.18 |
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 | $208.9M | ||
| Q3 25 | $109.6M | $192.9M | ||
| Q2 25 | $107.9M | $186.7M | ||
| Q1 25 | $108.6M | $158.7M | ||
| Q4 24 | $113.5M | $164.3M | ||
| Q3 24 | $122.8M | $147.5M | ||
| Q2 24 | $110.9M | $148.0M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $5.6M | ||
| Q3 25 | $4.5M | $-5.2M | ||
| Q2 25 | $5.5M | $-14.2M | ||
| Q1 25 | $42.5M | $-30.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $16.7M | $-46.2M | ||
| Q2 24 | $11.9M | $-20.1M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 70.9% | ||
| Q3 25 | 60.5% | 71.1% | ||
| Q2 25 | 62.6% | 71.2% | ||
| Q1 25 | 62.0% | 68.8% | ||
| Q4 24 | 61.3% | 70.0% | ||
| Q3 24 | 65.5% | 68.8% | ||
| Q2 24 | 63.6% | 69.9% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 1.1% | ||
| Q3 25 | 22.6% | -4.4% | ||
| Q2 25 | 24.1% | -10.0% | ||
| Q1 25 | 66.3% | -20.5% | ||
| Q4 24 | 26.5% | -2.5% | ||
| Q3 24 | 30.8% | -34.1% | ||
| Q2 24 | 27.8% | -15.5% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 4.1% | -2.7% | ||
| Q2 25 | 5.1% | -7.6% | ||
| Q1 25 | 39.2% | -19.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | 13.6% | -31.3% | ||
| Q2 24 | 10.7% | -13.6% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.18 | ||
| Q3 25 | $0.07 | $-0.16 | ||
| Q2 25 | $0.09 | $-0.44 | ||
| Q1 25 | $0.70 | $-0.97 | ||
| Q4 24 | $0.14 | $-0.03 | ||
| Q3 24 | $0.28 | $-1.48 | ||
| Q2 24 | $0.20 | $-0.65 |
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 | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $152.7M |
| Total Assets | $2.9B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $583.8M | ||
| Q3 25 | $138.7M | $565.2M | ||
| Q2 25 | $143.7M | $545.5M | ||
| Q1 25 | $143.9M | $520.6M | ||
| Q4 24 | $425.7M | $535.6M | ||
| Q3 24 | $533.0M | $522.0M | ||
| Q2 24 | $114.9M | $561.5M |
| 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 | $152.7M | ||
| Q3 25 | $1.2B | $121.9M | ||
| Q2 25 | $1.2B | $103.7M | ||
| Q1 25 | $1.2B | $86.7M | ||
| Q4 24 | $1.2B | $90.9M | ||
| Q3 24 | $1.2B | $71.8M | ||
| Q2 24 | $1.2B | $99.2M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.0B | ||
| Q3 25 | $2.9B | $995.2M | ||
| Q2 25 | $3.0B | $964.0M | ||
| Q1 25 | $3.0B | $926.1M | ||
| Q4 24 | $3.3B | $931.4M | ||
| Q3 24 | $3.4B | $909.7M | ||
| Q2 24 | $3.0B | $919.2M |
| 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 | — | $26.2M |
| Free Cash FlowOCF − Capex | — | $14.5M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | 14.5% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $26.2M | ||
| Q3 25 | $40.5M | $34.9M | ||
| Q2 25 | $49.2M | $27.7M | ||
| Q1 25 | $36.9M | $-7.9M | ||
| Q4 24 | $207.1M | $19.2M | ||
| Q3 24 | $52.4M | $24.3M | ||
| Q2 24 | $59.3M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $14.5M | ||
| Q3 25 | $23.1M | $20.1M | ||
| Q2 25 | $28.4M | $17.3M | ||
| Q1 25 | $20.4M | $-17.3M | ||
| Q4 24 | $136.9M | $12.4M | ||
| Q3 24 | $28.0M | $15.5M | ||
| Q2 24 | $43.6M | $3.4M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 6.9% | ||
| Q3 25 | 21.1% | 10.4% | ||
| Q2 25 | 26.3% | 9.3% | ||
| Q1 25 | 18.8% | -10.9% | ||
| Q4 24 | 120.7% | 7.5% | ||
| Q3 24 | 22.8% | 10.5% | ||
| Q2 24 | 39.3% | 2.3% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 5.6% | ||
| Q3 25 | 15.9% | 7.7% | ||
| Q2 25 | 19.3% | 5.6% | ||
| Q1 25 | 15.1% | 5.9% | ||
| Q4 24 | 61.9% | 4.2% | ||
| Q3 24 | 19.9% | 6.0% | ||
| Q2 24 | 14.1% | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.70× | ||
| 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% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
