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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Repay Holdings Corp (RPAY). 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 $78.6M, roughly 1.4× Repay Holdings Corp). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -178.3%, a 184.4% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs 0.4%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
AAT vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $78.6M |
| Net Profit | $6.7M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 23.4% | -182.2% |
| Net Margin | 6.1% | -178.3% |
| Revenue YoY | 1.8% | 0.4% |
| Net Profit YoY | -16.3% | -3304.1% |
| EPS (diluted) | $0.08 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $109.6M | $77.7M | ||
| Q2 25 | $107.9M | $75.6M | ||
| Q1 25 | $108.6M | $77.3M | ||
| Q4 24 | $113.5M | $78.3M | ||
| Q3 24 | $122.8M | $79.1M | ||
| Q2 24 | $110.9M | $74.9M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $4.5M | $-6.4M | ||
| Q2 25 | $5.5M | $-102.3M | ||
| Q1 25 | $42.5M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $16.7M | $3.2M | ||
| Q2 24 | $11.9M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 74.2% | ||
| Q3 25 | 60.5% | 74.4% | ||
| Q2 25 | 62.6% | 75.7% | ||
| Q1 25 | 62.0% | 75.9% | ||
| Q4 24 | 61.3% | 76.3% | ||
| Q3 24 | 65.5% | 77.8% | ||
| Q2 24 | 63.6% | 78.2% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -182.2% | ||
| Q3 25 | 22.6% | -3.9% | ||
| Q2 25 | 24.1% | -138.7% | ||
| Q1 25 | 66.3% | -4.7% | ||
| Q4 24 | 26.5% | -1.5% | ||
| Q3 24 | 30.8% | -0.9% | ||
| Q2 24 | 27.8% | -4.6% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -178.3% | ||
| Q3 25 | 4.1% | -8.3% | ||
| Q2 25 | 5.1% | -135.2% | ||
| Q1 25 | 39.2% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 13.6% | 4.1% | ||
| Q2 24 | 10.7% | -5.4% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-1.68 | ||
| Q3 25 | $0.07 | $-0.08 | ||
| Q2 25 | $0.09 | $-1.15 | ||
| Q1 25 | $0.70 | $-0.09 | ||
| Q4 24 | $0.14 | $-0.04 | ||
| Q3 24 | $0.28 | $0.03 | ||
| Q2 24 | $0.20 | $-0.04 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.1B | $484.4M |
| Total Assets | $2.9B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $115.7M | ||
| Q3 25 | $138.7M | $95.7M | ||
| Q2 25 | $143.7M | $162.6M | ||
| Q1 25 | $143.9M | $165.5M | ||
| Q4 24 | $425.7M | $189.5M | ||
| Q3 24 | $533.0M | $168.7M | ||
| Q2 24 | $114.9M | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $2.0B | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $484.4M | ||
| Q3 25 | $1.2B | $616.9M | ||
| Q2 25 | $1.2B | $633.7M | ||
| Q1 25 | $1.2B | $755.7M | ||
| Q4 24 | $1.2B | $761.3M | ||
| Q3 24 | $1.2B | $754.7M | ||
| Q2 24 | $1.2B | $815.4M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $3.0B | $1.4B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $3.4B | $1.6B | ||
| Q2 24 | $3.0B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 1.72× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | 14.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $23.3M | ||
| Q3 25 | $40.5M | $32.2M | ||
| Q2 25 | $49.2M | $33.1M | ||
| Q1 25 | $36.9M | $2.5M | ||
| Q4 24 | $207.1M | $34.3M | ||
| Q3 24 | $52.4M | $60.1M | ||
| Q2 24 | $59.3M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $23.2M | ||
| Q3 25 | $23.1M | $32.1M | ||
| Q2 25 | $28.4M | $33.0M | ||
| Q1 25 | $20.4M | $2.4M | ||
| Q4 24 | $136.9M | $34.0M | ||
| Q3 24 | $28.0M | $59.8M | ||
| Q2 24 | $43.6M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 29.6% | ||
| Q3 25 | 21.1% | 41.3% | ||
| Q2 25 | 26.3% | 43.6% | ||
| Q1 25 | 18.8% | 3.0% | ||
| Q4 24 | 120.7% | 43.5% | ||
| Q3 24 | 22.8% | 75.6% | ||
| Q2 24 | 39.3% | 40.7% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.1% | ||
| Q3 25 | 15.9% | 0.2% | ||
| Q2 25 | 19.3% | 0.1% | ||
| Q1 25 | 15.1% | 0.2% | ||
| Q4 24 | 61.9% | 0.3% | ||
| Q3 24 | 19.9% | 0.3% | ||
| Q2 24 | 14.1% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.15× | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
