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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and LINDSAY CORP (LNN). Click either name above to swap in a different company.

LINDSAY CORP is the larger business by last-quarter revenue ($150.7M vs $110.6M, roughly 1.4× American Assets Trust, Inc.). LINDSAY CORP runs the higher net margin — 11.0% vs 6.1%, a 4.9% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -6.1%). Over the past eight quarters, LINDSAY CORP's revenue compounded faster (1.3% 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.

Lindsay Corporation, formerly known as Lindsay Manufacturing Co., is a manufacturer of Zimmatic brand center pivot irrigation systems, based in Omaha, Nebraska, United States. It also manufactures farm and construction machinery, as well as road and railroad infrastructure equipment. At August 31, 2008, the company had 1,239 employees.

AAT vs LNN — Head-to-Head

Bigger by revenue
LNN
LNN
1.4× larger
LNN
$150.7M
$110.6M
AAT
Growing faster (revenue YoY)
AAT
AAT
+8.0% gap
AAT
1.8%
-6.1%
LNN
Higher net margin
LNN
LNN
4.9% more per $
LNN
11.0%
6.1%
AAT
Faster 2-yr revenue CAGR
LNN
LNN
Annualised
LNN
1.3%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AAT
AAT
LNN
LNN
Revenue
$110.6M
$150.7M
Net Profit
$6.7M
$16.5M
Gross Margin
33.3%
Operating Margin
23.4%
13.0%
Net Margin
6.1%
11.0%
Revenue YoY
1.8%
-6.1%
Net Profit YoY
-16.3%
-3.7%
EPS (diluted)
$0.08
$1.54

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
LNN
LNN
Q1 26
$110.6M
Q4 25
$110.1M
$150.7M
Q3 25
$109.6M
$149.0M
Q2 25
$107.9M
$165.7M
Q1 25
$108.6M
$183.8M
Q4 24
$113.5M
$160.5M
Q3 24
$122.8M
$149.4M
Q2 24
$110.9M
$133.7M
Net Profit
AAT
AAT
LNN
LNN
Q1 26
$6.7M
Q4 25
$16.5M
Q3 25
$4.5M
$10.8M
Q2 25
$5.5M
$19.5M
Q1 25
$42.5M
$26.6M
Q4 24
$17.2M
Q3 24
$16.7M
$12.7M
Q2 24
$11.9M
$20.4M
Gross Margin
AAT
AAT
LNN
LNN
Q1 26
Q4 25
59.4%
33.3%
Q3 25
60.5%
30.0%
Q2 25
62.6%
32.4%
Q1 25
62.0%
34.0%
Q4 24
61.3%
31.1%
Q3 24
65.5%
30.6%
Q2 24
63.6%
34.8%
Operating Margin
AAT
AAT
LNN
LNN
Q1 26
23.4%
Q4 25
21.1%
13.0%
Q3 25
22.6%
7.6%
Q2 25
24.1%
14.4%
Q1 25
66.3%
17.5%
Q4 24
26.5%
13.0%
Q3 24
30.8%
9.0%
Q2 24
27.8%
14.9%
Net Margin
AAT
AAT
LNN
LNN
Q1 26
6.1%
Q4 25
11.0%
Q3 25
4.1%
7.3%
Q2 25
5.1%
11.8%
Q1 25
39.2%
14.5%
Q4 24
10.7%
Q3 24
13.6%
8.5%
Q2 24
10.7%
15.2%
EPS (diluted)
AAT
AAT
LNN
LNN
Q1 26
$0.08
Q4 25
$0.06
$1.54
Q3 25
$0.07
$0.99
Q2 25
$0.09
$1.78
Q1 25
$0.70
$2.44
Q4 24
$0.14
$1.57
Q3 24
$0.28
$1.16
Q2 24
$0.20
$1.85

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
LNN
LNN
Cash + ST InvestmentsLiquidity on hand
$118.3M
$199.6M
Total DebtLower is stronger
$115.2M
Stockholders' EquityBook value
$1.1B
$518.2M
Total Assets
$2.9B
$828.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
LNN
LNN
Q1 26
$118.3M
Q4 25
$129.4M
$199.6M
Q3 25
$138.7M
$250.6M
Q2 25
$143.7M
$210.8M
Q1 25
$143.9M
$186.7M
Q4 24
$425.7M
$194.1M
Q3 24
$533.0M
$190.9M
Q2 24
$114.9M
$152.7M
Total Debt
AAT
AAT
LNN
LNN
Q1 26
Q4 25
$1.7B
$115.2M
Q3 25
$115.3M
Q2 25
$115.3M
Q1 25
$115.4M
Q4 24
$2.0B
$115.4M
Q3 24
$115.5M
Q2 24
$115.5M
Stockholders' Equity
AAT
AAT
LNN
LNN
Q1 26
$1.1B
Q4 25
$1.2B
$518.2M
Q3 25
$1.2B
$532.9M
Q2 25
$1.2B
$528.8M
Q1 25
$1.2B
$516.4M
Q4 24
$1.2B
$488.5M
Q3 24
$1.2B
$480.9M
Q2 24
$1.2B
$480.0M
Total Assets
AAT
AAT
LNN
LNN
Q1 26
$2.9B
Q4 25
$2.9B
$828.4M
Q3 25
$2.9B
$840.8M
Q2 25
$3.0B
$840.9M
Q1 25
$3.0B
$814.2M
Q4 24
$3.3B
$771.0M
Q3 24
$3.4B
$760.2M
Q2 24
$3.0B
$758.1M
Debt / Equity
AAT
AAT
LNN
LNN
Q1 26
Q4 25
1.48×
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.22×
Q4 24
1.72×
0.24×
Q3 24
0.24×
Q2 24
0.24×

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
LNN
LNN
Operating Cash FlowLast quarter
$-597.0K
Free Cash FlowOCF − Capex
$-15.1M
FCF MarginFCF / Revenue
-10.0%
Capex IntensityCapex / Revenue
14.5%
9.6%
Cash ConversionOCF / Net Profit
-0.04×
TTM Free Cash FlowTrailing 4 quarters
$62.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
LNN
LNN
Q1 26
Q4 25
$167.1M
$-597.0K
Q3 25
$40.5M
$64.0M
Q2 25
$49.2M
$35.0M
Q1 25
$36.9M
$12.3M
Q4 24
$207.1M
$21.6M
Q3 24
$52.4M
$53.1M
Q2 24
$59.3M
$30.5M
Free Cash Flow
AAT
AAT
LNN
LNN
Q1 26
Q4 25
$94.9M
$-15.1M
Q3 25
$23.1M
$49.8M
Q2 25
$28.4M
$25.7M
Q1 25
$20.4M
$2.5M
Q4 24
$136.9M
$12.5M
Q3 24
$28.0M
$47.7M
Q2 24
$43.6M
$25.8M
FCF Margin
AAT
AAT
LNN
LNN
Q1 26
Q4 25
86.2%
-10.0%
Q3 25
21.1%
33.4%
Q2 25
26.3%
15.5%
Q1 25
18.8%
1.4%
Q4 24
120.7%
7.8%
Q3 24
22.8%
31.9%
Q2 24
39.3%
19.3%
Capex Intensity
AAT
AAT
LNN
LNN
Q1 26
14.5%
Q4 25
65.6%
9.6%
Q3 25
15.9%
9.6%
Q2 25
19.3%
5.6%
Q1 25
15.1%
5.3%
Q4 24
61.9%
5.7%
Q3 24
19.9%
3.6%
Q2 24
14.1%
3.6%
Cash Conversion
AAT
AAT
LNN
LNN
Q1 26
Q4 25
-0.04×
Q3 25
8.98×
5.92×
Q2 25
9.01×
1.79×
Q1 25
0.87×
0.46×
Q4 24
1.26×
Q3 24
3.15×
4.17×
Q2 24
4.98×
1.50×

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%

LNN
LNN

Transferred At Point In Time$133.2M88%
Infrastructure$13.4M9%
Transferred Over Time$8.0M5%

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