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

Ribbon Communications Inc. is the larger business by last-quarter revenue ($162.6M vs $110.6M, roughly 1.5× American Assets Trust, Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 6.1%, a 48.7% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -10.3%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -8.1%).

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.

Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.

AAT vs RBBN — Head-to-Head

Bigger by revenue
RBBN
RBBN
1.5× larger
RBBN
$162.6M
$110.6M
AAT
Growing faster (revenue YoY)
AAT
AAT
+12.1% gap
AAT
1.8%
-10.3%
RBBN
Higher net margin
RBBN
RBBN
48.7% more per $
RBBN
54.8%
6.1%
AAT
Faster 2-yr revenue CAGR
AAT
AAT
Annualised
AAT
-0.1%
-8.1%
RBBN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AAT
AAT
RBBN
RBBN
Revenue
$110.6M
$162.6M
Net Profit
$6.7M
$89.1M
Gross Margin
42.9%
Operating Margin
23.4%
37.6%
Net Margin
6.1%
54.8%
Revenue YoY
1.8%
-10.3%
Net Profit YoY
-16.3%
EPS (diluted)
$0.08
$0.50

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
RBBN
RBBN
Q1 26
$110.6M
$162.6M
Q4 25
$110.1M
$227.3M
Q3 25
$109.6M
$215.4M
Q2 25
$107.9M
$220.6M
Q1 25
$108.6M
$181.3M
Q4 24
$113.5M
$251.4M
Q3 24
$122.8M
$210.2M
Q2 24
$110.9M
$192.6M
Net Profit
AAT
AAT
RBBN
RBBN
Q1 26
$6.7M
$89.1M
Q4 25
Q3 25
$4.5M
$-12.1M
Q2 25
$5.5M
$-11.1M
Q1 25
$42.5M
$-26.2M
Q4 24
Q3 24
$16.7M
$-13.4M
Q2 24
$11.9M
$-16.8M
Gross Margin
AAT
AAT
RBBN
RBBN
Q1 26
42.9%
Q4 25
59.4%
53.3%
Q3 25
60.5%
50.1%
Q2 25
62.6%
49.6%
Q1 25
62.0%
45.4%
Q4 24
61.3%
55.7%
Q3 24
65.5%
52.1%
Q2 24
63.6%
50.8%
Operating Margin
AAT
AAT
RBBN
RBBN
Q1 26
23.4%
37.6%
Q4 25
21.1%
4.1%
Q3 25
22.6%
1.3%
Q2 25
24.1%
1.9%
Q1 25
66.3%
-10.8%
Q4 24
26.5%
13.2%
Q3 24
30.8%
-0.4%
Q2 24
27.8%
-1.0%
Net Margin
AAT
AAT
RBBN
RBBN
Q1 26
6.1%
54.8%
Q4 25
Q3 25
4.1%
-5.6%
Q2 25
5.1%
-5.0%
Q1 25
39.2%
-14.5%
Q4 24
Q3 24
13.6%
-6.4%
Q2 24
10.7%
-8.7%
EPS (diluted)
AAT
AAT
RBBN
RBBN
Q1 26
$0.08
$0.50
Q4 25
$0.06
$0.50
Q3 25
$0.07
$-0.07
Q2 25
$0.09
$-0.06
Q1 25
$0.70
$-0.15
Q4 24
$0.14
$0.05
Q3 24
$0.28
$-0.08
Q2 24
$0.20
$-0.10

Balance Sheet & Financial Strength

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

Metric
AAT
AAT
RBBN
RBBN
Cash + ST InvestmentsLiquidity on hand
$118.3M
$67.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$419.1M
Total Assets
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAT
AAT
RBBN
RBBN
Q1 26
$118.3M
$67.6M
Q4 25
$129.4M
$96.4M
Q3 25
$138.7M
$74.8M
Q2 25
$143.7M
$60.5M
Q1 25
$143.9M
$71.2M
Q4 24
$425.7M
$87.8M
Q3 24
$533.0M
$37.2M
Q2 24
$114.9M
$64.6M
Total Debt
AAT
AAT
RBBN
RBBN
Q1 26
Q4 25
$1.7B
$342.1M
Q3 25
$344.3M
Q2 25
$346.5M
Q1 25
$347.4M
Q4 24
$2.0B
$348.3M
Q3 24
$349.1M
Q2 24
$350.0M
Stockholders' Equity
AAT
AAT
RBBN
RBBN
Q1 26
$1.1B
$419.1M
Q4 25
$1.2B
$449.0M
Q3 25
$1.2B
$360.1M
Q2 25
$1.2B
$370.4M
Q1 25
$1.2B
$381.8M
Q4 24
$1.2B
$404.6M
Q3 24
$1.2B
$395.5M
Q2 24
$1.2B
$405.0M
Total Assets
AAT
AAT
RBBN
RBBN
Q1 26
$2.9B
Q4 25
$2.9B
$1.2B
Q3 25
$2.9B
$1.1B
Q2 25
$3.0B
$1.1B
Q1 25
$3.0B
$1.1B
Q4 24
$3.3B
$1.2B
Q3 24
$3.4B
$1.1B
Q2 24
$3.0B
$1.1B
Debt / Equity
AAT
AAT
RBBN
RBBN
Q1 26
Q4 25
1.48×
0.76×
Q3 25
0.96×
Q2 25
0.94×
Q1 25
0.91×
Q4 24
1.72×
0.86×
Q3 24
0.88×
Q2 24
0.86×

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%

RBBN
RBBN

Service$94.5M58%
Product$68.1M42%

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