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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $110.6M, roughly 1.9× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -3.1%, a 9.2% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AAT vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $207.0M |
| Net Profit | $6.7M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 23.4% | 2.2% |
| Net Margin | 6.1% | -3.1% |
| Revenue YoY | 1.8% | -6.7% |
| Net Profit YoY | -16.3% | -531.8% |
| 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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $207.0M | ||
| Q3 25 | $109.6M | $180.2M | ||
| Q2 25 | $107.9M | $207.4M | ||
| Q1 25 | $108.6M | $211.1M | ||
| Q4 24 | $113.5M | $221.9M | ||
| Q3 24 | $122.8M | $194.0M | ||
| Q2 24 | $110.9M | $172.5M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-6.4M | ||
| Q3 25 | $4.5M | $-76.7M | ||
| Q2 25 | $5.5M | $-10.1M | ||
| Q1 25 | $42.5M | $975.0K | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $16.7M | $-9.3M | ||
| Q2 24 | $11.9M | $-7.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 62.6% | — | ||
| Q1 25 | 62.0% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 63.6% | — |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 2.2% | ||
| Q3 25 | 22.6% | -4.4% | ||
| Q2 25 | 24.1% | 0.3% | ||
| Q1 25 | 66.3% | 5.1% | ||
| Q4 24 | 26.5% | 5.5% | ||
| Q3 24 | 30.8% | -1.9% | ||
| Q2 24 | 27.8% | 0.6% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | 4.1% | -42.6% | ||
| Q2 25 | 5.1% | -4.9% | ||
| Q1 25 | 39.2% | 0.5% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | 13.6% | -4.8% | ||
| Q2 24 | 10.7% | -4.3% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.50 | ||
| Q3 25 | $0.07 | $-2.75 | ||
| Q2 25 | $0.09 | $-0.59 | ||
| Q1 25 | $0.70 | $-0.21 | ||
| Q4 24 | $0.14 | $-0.18 | ||
| Q3 24 | $0.28 | $-0.53 | ||
| Q2 24 | $0.20 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $1.1B | $-75.8M |
| Total Assets | $2.9B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $4.2M | ||
| Q3 25 | $138.7M | $5.5M | ||
| Q2 25 | $143.7M | $4.7M | ||
| Q1 25 | $143.9M | $21.4M | ||
| Q4 24 | $425.7M | $27.6M | ||
| Q3 24 | $533.0M | $28.2M | ||
| Q2 24 | $114.9M | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $2.0B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $-75.8M | ||
| Q3 25 | $1.2B | $-61.5M | ||
| Q2 25 | $1.2B | $23.0M | ||
| Q1 25 | $1.2B | $40.5M | ||
| Q4 24 | $1.2B | $45.9M | ||
| Q3 24 | $1.2B | $51.4M | ||
| Q2 24 | $1.2B | $68.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $884.2M | ||
| Q3 25 | $2.9B | $879.5M | ||
| Q2 25 | $3.0B | $935.7M | ||
| Q1 25 | $3.0B | $956.0M | ||
| Q4 24 | $3.3B | $960.1M | ||
| Q3 24 | $3.4B | $953.5M | ||
| Q2 24 | $3.0B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 1.72× | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | 14.5% | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $13.1M | ||
| Q3 25 | $40.5M | $5.9M | ||
| Q2 25 | $49.2M | $2.8M | ||
| Q1 25 | $36.9M | $8.5M | ||
| Q4 24 | $207.1M | $18.5M | ||
| Q3 24 | $52.4M | $19.1M | ||
| Q2 24 | $59.3M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-329.0K | ||
| Q3 25 | $23.1M | $-6.1M | ||
| Q2 25 | $28.4M | $-15.0M | ||
| Q1 25 | $20.4M | $-5.8M | ||
| Q4 24 | $136.9M | $733.0K | ||
| Q3 24 | $28.0M | $287.0K | ||
| Q2 24 | $43.6M | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -0.2% | ||
| Q3 25 | 21.1% | -3.4% | ||
| Q2 25 | 26.3% | -7.2% | ||
| Q1 25 | 18.8% | -2.7% | ||
| Q4 24 | 120.7% | 0.3% | ||
| Q3 24 | 22.8% | 0.1% | ||
| Q2 24 | 39.3% | -13.3% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 6.5% | ||
| Q3 25 | 15.9% | 6.7% | ||
| Q2 25 | 19.3% | 8.6% | ||
| Q1 25 | 15.1% | 6.8% | ||
| Q4 24 | 61.9% | 8.0% | ||
| Q3 24 | 19.9% | 9.7% | ||
| Q2 24 | 14.1% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
