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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 1.1× OLAPLEX HOLDINGS, INC.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -12.5%, a 18.6% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 1.8%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

AAT vs OLPX — Head-to-Head

Bigger by revenue
AAT
AAT
1.1× larger
AAT
$110.6M
$105.1M
OLPX
Growing faster (revenue YoY)
OLPX
OLPX
+2.5% gap
OLPX
4.3%
1.8%
AAT
Higher net margin
AAT
AAT
18.6% more per $
AAT
6.1%
-12.5%
OLPX
Faster 2-yr revenue CAGR
OLPX
OLPX
Annualised
OLPX
3.1%
-0.1%
AAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AAT
AAT
OLPX
OLPX
Revenue
$110.6M
$105.1M
Net Profit
$6.7M
$-13.1M
Gross Margin
68.0%
Operating Margin
23.4%
-4.3%
Net Margin
6.1%
-12.5%
Revenue YoY
1.8%
4.3%
Net Profit YoY
-16.3%
-48.9%
EPS (diluted)
$0.08
$-0.02

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
OLPX
OLPX
Q1 26
$110.6M
Q4 25
$110.1M
$105.1M
Q3 25
$109.6M
$114.6M
Q2 25
$107.9M
$106.3M
Q1 25
$108.6M
$97.0M
Q4 24
$113.5M
$100.7M
Q3 24
$122.8M
$119.1M
Q2 24
$110.9M
$103.9M
Net Profit
AAT
AAT
OLPX
OLPX
Q1 26
$6.7M
Q4 25
$-13.1M
Q3 25
$4.5M
$11.1M
Q2 25
$5.5M
$-7.7M
Q1 25
$42.5M
$465.0K
Q4 24
$-8.8M
Q3 24
$16.7M
$14.8M
Q2 24
$11.9M
$5.8M
Gross Margin
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
59.4%
68.0%
Q3 25
60.5%
69.1%
Q2 25
62.6%
71.2%
Q1 25
62.0%
69.5%
Q4 24
61.3%
66.3%
Q3 24
65.5%
68.6%
Q2 24
63.6%
69.7%
Operating Margin
AAT
AAT
OLPX
OLPX
Q1 26
23.4%
Q4 25
21.1%
-4.3%
Q3 25
22.6%
3.7%
Q2 25
24.1%
-1.1%
Q1 25
66.3%
8.7%
Q4 24
26.5%
3.0%
Q3 24
30.8%
23.5%
Q2 24
27.8%
15.7%
Net Margin
AAT
AAT
OLPX
OLPX
Q1 26
6.1%
Q4 25
-12.5%
Q3 25
4.1%
9.7%
Q2 25
5.1%
-7.3%
Q1 25
39.2%
0.5%
Q4 24
-8.7%
Q3 24
13.6%
12.4%
Q2 24
10.7%
5.6%
EPS (diluted)
AAT
AAT
OLPX
OLPX
Q1 26
$0.08
Q4 25
$0.06
$-0.02
Q3 25
$0.07
$0.02
Q2 25
$0.09
$-0.01
Q1 25
$0.70
$0.00
Q4 24
$0.14
$-0.01
Q3 24
$0.28
$0.02
Q2 24
$0.20
$0.01

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
OLPX
OLPX
Cash + ST InvestmentsLiquidity on hand
$118.3M
$318.7M
Total DebtLower is stronger
$352.3M
Stockholders' EquityBook value
$1.1B
$879.4M
Total Assets
$2.9B
$1.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
OLPX
OLPX
Q1 26
$118.3M
Q4 25
$129.4M
$318.7M
Q3 25
$138.7M
$286.4M
Q2 25
$143.7M
$289.3M
Q1 25
$143.9M
$580.9M
Q4 24
$425.7M
$586.0M
Q3 24
$533.0M
$538.8M
Q2 24
$114.9M
$507.9M
Total Debt
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
$1.7B
$352.3M
Q3 25
$352.1M
Q2 25
$351.9M
Q1 25
$649.1M
Q4 24
$2.0B
$650.5M
Q3 24
$651.8M
Q2 24
$653.1M
Stockholders' Equity
AAT
AAT
OLPX
OLPX
Q1 26
$1.1B
Q4 25
$1.2B
$879.4M
Q3 25
$1.2B
$888.7M
Q2 25
$1.2B
$874.2M
Q1 25
$1.2B
$878.3M
Q4 24
$1.2B
$874.4M
Q3 24
$1.2B
$879.7M
Q2 24
$1.2B
$863.3M
Total Assets
AAT
AAT
OLPX
OLPX
Q1 26
$2.9B
Q4 25
$2.9B
$1.5B
Q3 25
$2.9B
$1.5B
Q2 25
$3.0B
$1.5B
Q1 25
$3.0B
$1.8B
Q4 24
$3.3B
$1.8B
Q3 24
$3.4B
$1.8B
Q2 24
$3.0B
$1.8B
Debt / Equity
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
1.48×
0.40×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.74×
Q4 24
1.72×
0.74×
Q3 24
0.74×
Q2 24
0.76×

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
OLPX
OLPX
Operating Cash FlowLast quarter
$32.7M
Free Cash FlowOCF − Capex
$32.6M
FCF MarginFCF / Revenue
31.0%
Capex IntensityCapex / Revenue
14.5%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
$167.1M
$32.7M
Q3 25
$40.5M
$8.0M
Q2 25
$49.2M
$20.9M
Q1 25
$36.9M
$-2.9M
Q4 24
$207.1M
$49.7M
Q3 24
$52.4M
$33.5M
Q2 24
$59.3M
$16.2M
Free Cash Flow
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
$94.9M
$32.6M
Q3 25
$23.1M
$7.9M
Q2 25
$28.4M
$20.8M
Q1 25
$20.4M
$-3.0M
Q4 24
$136.9M
$49.2M
Q3 24
$28.0M
$33.3M
Q2 24
$43.6M
$16.1M
FCF Margin
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
86.2%
31.0%
Q3 25
21.1%
6.9%
Q2 25
26.3%
19.6%
Q1 25
18.8%
-3.1%
Q4 24
120.7%
48.9%
Q3 24
22.8%
28.0%
Q2 24
39.3%
15.5%
Capex Intensity
AAT
AAT
OLPX
OLPX
Q1 26
14.5%
Q4 25
65.6%
0.1%
Q3 25
15.9%
0.1%
Q2 25
19.3%
0.1%
Q1 25
15.1%
0.0%
Q4 24
61.9%
0.4%
Q3 24
19.9%
0.1%
Q2 24
14.1%
0.1%
Cash Conversion
AAT
AAT
OLPX
OLPX
Q1 26
Q4 25
Q3 25
8.98×
0.72×
Q2 25
9.01×
Q1 25
0.87×
-6.27×
Q4 24
Q3 24
3.15×
2.26×
Q2 24
4.98×
2.81×

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%

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

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