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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $110.6M, roughly 1.9× American Assets Trust, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 6.1%, a 1.6% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 1.8%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
AAT vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $213.6M |
| Net Profit | $6.7M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | 23.4% | 10.0% |
| Net Margin | 6.1% | 7.6% |
| Revenue YoY | 1.8% | 28.7% |
| Net Profit YoY | -16.3% | 54.3% |
| EPS (diluted) | $0.08 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $109.6M | $198.9M | ||
| Q2 25 | $107.9M | $184.8M | ||
| Q1 25 | $108.6M | $162.2M | ||
| Q4 24 | $113.5M | $166.0M | ||
| Q3 24 | $122.8M | $145.0M | ||
| Q2 24 | $110.9M | $147.4M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | $4.5M | $16.4M | ||
| Q2 25 | $5.5M | $16.6M | ||
| Q1 25 | $42.5M | $16.9M | ||
| Q4 24 | — | $10.6M | ||
| Q3 24 | $16.7M | $7.4M | ||
| Q2 24 | $11.9M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 35.8% | ||
| Q3 25 | 60.5% | 37.7% | ||
| Q2 25 | 62.6% | 38.9% | ||
| Q1 25 | 62.0% | 38.5% | ||
| Q4 24 | 61.3% | 36.1% | ||
| Q3 24 | 65.5% | 36.9% | ||
| Q2 24 | 63.6% | 39.1% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 10.0% | ||
| Q3 25 | 22.6% | 10.8% | ||
| Q2 25 | 24.1% | 12.9% | ||
| Q1 25 | 66.3% | 13.4% | ||
| Q4 24 | 26.5% | 7.8% | ||
| Q3 24 | 30.8% | 6.4% | ||
| Q2 24 | 27.8% | 11.6% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 4.1% | 8.3% | ||
| Q2 25 | 5.1% | 9.0% | ||
| Q1 25 | 39.2% | 10.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 13.6% | 5.1% | ||
| Q2 24 | 10.7% | 11.1% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.35 | ||
| Q3 25 | $0.07 | $0.36 | ||
| Q2 25 | $0.09 | $0.36 | ||
| Q1 25 | $0.70 | $0.37 | ||
| Q4 24 | $0.14 | $0.23 | ||
| Q3 24 | $0.28 | $0.16 | ||
| Q2 24 | $0.20 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $351.3M |
| Total Assets | $2.9B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $48.8M | ||
| Q3 25 | $138.7M | $93.8M | ||
| Q2 25 | $143.7M | $108.2M | ||
| Q1 25 | $143.9M | $156.3M | ||
| Q4 24 | $425.7M | $150.6M | ||
| Q3 24 | $533.0M | $149.5M | ||
| Q2 24 | $114.9M | $133.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $351.3M | ||
| Q3 25 | $1.2B | $331.2M | ||
| Q2 25 | $1.2B | $309.8M | ||
| Q1 25 | $1.2B | $288.9M | ||
| Q4 24 | $1.2B | $269.3M | ||
| Q3 24 | $1.2B | $253.4M | ||
| Q2 24 | $1.2B | $238.4M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $518.7M | ||
| Q3 25 | $2.9B | $481.5M | ||
| Q2 25 | $3.0B | $430.8M | ||
| Q1 25 | $3.0B | $376.9M | ||
| Q4 24 | $3.3B | $359.3M | ||
| Q3 24 | $3.4B | $344.7M | ||
| Q2 24 | $3.0B | $320.5M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | 14.5% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $5.8M | ||
| Q3 25 | $40.5M | $23.4M | ||
| Q2 25 | $49.2M | $-761.0K | ||
| Q1 25 | $36.9M | $5.3M | ||
| Q4 24 | $207.1M | $14.8M | ||
| Q3 24 | $52.4M | $10.0M | ||
| Q2 24 | $59.3M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $-32.1M | ||
| Q3 25 | $23.1M | $-10.6M | ||
| Q2 25 | $28.4M | $-7.6M | ||
| Q1 25 | $20.4M | $2.1M | ||
| Q4 24 | $136.9M | $-3.4M | ||
| Q3 24 | $28.0M | $6.4M | ||
| Q2 24 | $43.6M | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | -15.1% | ||
| Q3 25 | 21.1% | -5.3% | ||
| Q2 25 | 26.3% | -4.1% | ||
| Q1 25 | 18.8% | 1.3% | ||
| Q4 24 | 120.7% | -2.0% | ||
| Q3 24 | 22.8% | 4.4% | ||
| Q2 24 | 39.3% | 7.2% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 17.8% | ||
| Q3 25 | 15.9% | 17.1% | ||
| Q2 25 | 19.3% | 3.7% | ||
| Q1 25 | 15.1% | 1.9% | ||
| Q4 24 | 61.9% | 10.9% | ||
| Q3 24 | 19.9% | 2.5% | ||
| Q2 24 | 14.1% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.35× | ||
| Q3 25 | 8.98× | 1.43× | ||
| Q2 25 | 9.01× | -0.05× | ||
| Q1 25 | 0.87× | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 3.15× | 1.34× | ||
| Q2 24 | 4.98× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
