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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and C3.ai, Inc. (AI). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $75.1M, roughly 1.0× C3.ai, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -139.3%, a 142.4% gap on every dollar of revenue. On growth, Armada Hoffler Properties, Inc. posted the faster year-over-year revenue change (0.8% vs -20.3%). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
AHH vs AI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $75.1M |
| Net Profit | $2.4M | $-104.7M |
| Gross Margin | — | 40.4% |
| Operating Margin | 31.0% | -149.2% |
| Net Margin | 3.1% | -139.3% |
| Revenue YoY | 0.8% | -20.3% |
| Net Profit YoY | -89.8% | -58.7% |
| EPS (diluted) | $0.00 | $-0.75 |
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.
| Q4 25 | $75.6M | $75.1M | ||
| Q3 25 | $72.7M | $70.3M | ||
| Q2 25 | $69.1M | $108.7M | ||
| Q1 25 | $67.8M | $98.8M | ||
| Q4 24 | $75.0M | $94.3M | ||
| Q3 24 | $114.4M | $87.2M | ||
| Q2 24 | $116.8M | $86.6M | ||
| Q1 24 | $127.0M | $78.4M |
| Q4 25 | $2.4M | $-104.7M | ||
| Q3 25 | $80.0K | $-116.8M | ||
| Q2 25 | $5.9M | $-79.7M | ||
| Q1 25 | $-2.8M | $-80.2M | ||
| Q4 24 | $23.4M | $-66.0M | ||
| Q3 24 | $-5.0M | $-62.8M | ||
| Q2 24 | $3.2M | $-72.9M | ||
| Q1 24 | $14.1M | $-72.6M |
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 59.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | 45.0% | 59.8% | ||
| Q2 24 | 41.8% | 59.6% | ||
| Q1 24 | 37.9% | 57.8% |
| Q4 25 | 31.0% | -149.2% | ||
| Q3 25 | 29.2% | -177.7% | ||
| Q2 25 | 29.6% | -81.8% | ||
| Q1 25 | 23.2% | -88.7% | ||
| Q4 24 | 50.1% | -79.8% | ||
| Q3 24 | 19.0% | -83.2% | ||
| Q2 24 | 11.9% | -95.1% | ||
| Q1 24 | 15.1% | -105.3% |
| Q4 25 | 3.1% | -139.3% | ||
| Q3 25 | 0.1% | -166.2% | ||
| Q2 25 | 8.6% | -73.3% | ||
| Q1 25 | -4.1% | -81.2% | ||
| Q4 24 | 31.2% | -69.9% | ||
| Q3 24 | -4.4% | -72.0% | ||
| Q2 24 | 2.7% | -84.2% | ||
| Q1 24 | 11.1% | -92.6% |
| Q4 25 | $0.00 | $-0.75 | ||
| Q3 25 | $-0.04 | $-0.86 | ||
| Q2 25 | $0.04 | $-0.60 | ||
| Q1 25 | $-0.07 | $-0.62 | ||
| Q4 24 | $0.28 | $-0.52 | ||
| Q3 24 | $-0.11 | $-0.50 | ||
| Q2 24 | $0.00 | $-0.59 | ||
| Q1 24 | $0.17 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $675.0M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $771.9M |
| Total Assets | $2.6B | $961.3M |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $675.0M | ||
| Q3 25 | $46.5M | $711.9M | ||
| Q2 25 | $52.1M | $742.7M | ||
| Q1 25 | $45.7M | $724.3M | ||
| Q4 24 | $31.9M | $730.4M | ||
| Q3 24 | $43.9M | $762.5M | ||
| Q2 24 | $20.3M | $750.4M | ||
| Q1 24 | $41.9M | $723.3M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $771.9M | ||
| Q3 25 | $638.8M | $798.8M | ||
| Q2 25 | $652.0M | $838.3M | ||
| Q1 25 | $657.4M | $860.2M | ||
| Q4 24 | $670.6M | $859.0M | ||
| Q3 24 | $663.9M | $874.9M | ||
| Q2 24 | $562.7M | $873.4M | ||
| Q1 24 | $571.4M | $898.0M |
| Q4 25 | $2.6B | $961.3M | ||
| Q3 25 | $2.6B | $968.7M | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.6B | $1.0B | ||
| Q1 24 | $2.6B | $1.1B |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
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 | $64.2M | $-46.5M |
| Free Cash FlowOCF − Capex | — | $-46.9M |
| FCF MarginFCF / Revenue | — | -62.4% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $-46.5M | ||
| Q3 25 | $26.3M | $-33.5M | ||
| Q2 25 | $11.1M | $11.3M | ||
| Q1 25 | $107.0K | $-22.0M | ||
| Q4 24 | $112.0M | $-38.7M | ||
| Q3 24 | $27.3M | $8.0M | ||
| Q2 24 | $17.4M | $21.3M | ||
| Q1 24 | $46.5M | $-39.1M |
| Q4 25 | — | $-46.9M | ||
| Q3 25 | — | $-34.3M | ||
| Q2 25 | — | $10.3M | ||
| Q1 25 | — | $-22.4M | ||
| Q4 24 | — | $-39.5M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $18.8M | ||
| Q1 24 | — | $-45.1M |
| Q4 25 | — | -62.4% | ||
| Q3 25 | — | -48.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -22.7% | ||
| Q4 24 | — | -41.9% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 21.7% | ||
| Q1 24 | — | -57.6% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
