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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and Alexandria Real Estate Equities (ARE). Click either name above to swap in a different company.
Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($829.0M vs $671.0M, roughly 1.2× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 0.5%, a 58.8% gap on every dollar of revenue. On growth, Acadia Healthcare Company, Inc. posted the faster year-over-year revenue change (7.5% vs -11.5%). Over the past eight quarters, Acadia Healthcare Company, Inc.'s revenue compounded faster (2.0% CAGR vs -6.4%).
Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
ACHC vs ARE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $829.0M | $671.0M |
| Net Profit | $4.5M | $398.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 0.5% | 59.4% |
| Revenue YoY | 7.5% | -11.5% |
| Net Profit YoY | -50.8% | 740.6% |
| EPS (diluted) | $0.05 | $2.10 |
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 | $829.0M | $671.0M | ||
| Q4 25 | $821.5M | $754.4M | ||
| Q3 25 | $851.6M | $751.9M | ||
| Q2 25 | $869.2M | $762.0M | ||
| Q1 25 | $770.5M | $758.2M | ||
| Q4 24 | $774.2M | $788.9M | ||
| Q3 24 | $815.6M | $791.6M | ||
| Q2 24 | $796.0M | $766.7M |
| Q1 26 | $4.5M | $398.4M | ||
| Q4 25 | $-1.2B | $-1.1B | ||
| Q3 25 | $36.2M | $-232.8M | ||
| Q2 25 | $30.1M | $-107.0M | ||
| Q1 25 | $8.4M | $-8.9M | ||
| Q4 24 | $32.6M | $-62.2M | ||
| Q3 24 | $68.1M | $167.9M | ||
| Q2 24 | $78.5M | $46.7M |
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 12.1% | — | ||
| Q2 24 | 13.4% | — |
| Q1 26 | 0.5% | 59.4% | ||
| Q4 25 | -143.3% | -143.3% | ||
| Q3 25 | 4.3% | -31.0% | ||
| Q2 25 | 3.5% | -14.0% | ||
| Q1 25 | 1.1% | -1.2% | ||
| Q4 24 | 4.2% | -7.9% | ||
| Q3 24 | 8.4% | 21.2% | ||
| Q2 24 | 9.9% | 6.1% |
| Q1 26 | $0.05 | $2.10 | ||
| Q4 25 | $-12.98 | $-6.35 | ||
| Q3 25 | $0.40 | $-1.38 | ||
| Q2 25 | $0.33 | $-0.64 | ||
| Q1 25 | $0.09 | $-0.07 | ||
| Q4 24 | $0.36 | $-0.38 | ||
| Q3 24 | $0.74 | $0.96 | ||
| Q2 24 | $0.85 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.5M | $418.7M |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $2.0B | $19.4B |
| Total Assets | $5.5B | $34.2B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $158.5M | $418.7M | ||
| Q4 25 | $133.2M | $549.1M | ||
| Q3 25 | $118.7M | $579.5M | ||
| Q2 25 | $131.4M | $520.5M | ||
| Q1 25 | $91.2M | $476.4M | ||
| Q4 24 | $76.3M | $552.1M | ||
| Q3 24 | $82.1M | $562.6M | ||
| Q2 24 | $77.2M | $561.0M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $12.4B | ||
| Q3 25 | $2.3B | $13.6B | ||
| Q2 25 | $2.3B | $13.3B | ||
| Q1 25 | $2.2B | $13.1B | ||
| Q4 24 | $2.0B | $12.2B | ||
| Q3 24 | $1.9B | $12.7B | ||
| Q2 24 | $1.8B | $12.4B |
| Q1 26 | $2.0B | $19.4B | ||
| Q4 25 | $1.9B | $15.5B | ||
| Q3 25 | $3.1B | $16.6B | ||
| Q2 25 | $3.1B | $17.2B | ||
| Q1 25 | $3.0B | $17.5B | ||
| Q4 24 | $3.1B | $17.9B | ||
| Q3 24 | $3.0B | $18.2B | ||
| Q2 24 | $3.0B | $18.3B |
| Q1 26 | $5.5B | $34.2B | ||
| Q4 25 | $5.5B | $34.1B | ||
| Q3 25 | $6.4B | $37.4B | ||
| Q2 25 | $6.3B | $37.6B | ||
| Q1 25 | $6.1B | $37.6B | ||
| Q4 24 | $6.0B | $37.5B | ||
| Q3 24 | $5.9B | $38.5B | ||
| Q2 24 | $5.7B | $37.8B |
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | 0.80× | ||
| Q3 25 | 0.74× | 0.82× | ||
| Q2 25 | 0.74× | 0.77× | ||
| Q1 25 | 0.72× | 0.75× | ||
| Q4 24 | 0.64× | 0.68× | ||
| Q3 24 | 0.62× | 0.70× | ||
| Q2 24 | 0.62× | 0.68× |
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 | $61.5M | $475.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 76.0% |
| Cash ConversionOCF / Net Profit | 13.78× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.5M | $475.0M | ||
| Q4 25 | $-86.3M | $312.4M | ||
| Q3 25 | $73.2M | $433.5M | ||
| Q2 25 | $133.5M | $460.2M | ||
| Q1 25 | $11.5M | $207.9M | ||
| Q4 24 | $116.7M | $274.2M | ||
| Q3 24 | $163.1M | $477.4M | ||
| Q2 24 | $171.1M | $411.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | — | ||
| Q3 25 | $-63.0M | — | ||
| Q2 25 | $-34.2M | — | ||
| Q1 25 | $-163.2M | — | ||
| Q4 24 | $-86.8M | — | ||
| Q3 24 | $-27.1M | — | ||
| Q2 24 | $16.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | — | ||
| Q3 25 | -7.4% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -21.2% | — | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | -3.3% | — | ||
| Q2 24 | 2.1% | — |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 19.4% | — |
| Q1 26 | 13.78× | 1.19× | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 2.39× | 2.84× | ||
| Q2 24 | 2.18× | 8.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACHC
| Acute Inpatient Psychiatric Facilities | $471.0M | 57% |
| Other | $140.0M | 17% |
| Specialty Treatment Facilities | $128.0M | 15% |
| Residential Treatment Facilities | $90.0M | 11% |
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
