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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and AerSale Corp (ASLE). Click either name above to swap in a different company.
AerSale Corp is the larger business by last-quarter revenue ($90.9M vs $75.6M, roughly 1.2× Armada Hoffler Properties, Inc.). AerSale Corp runs the higher net margin — 5.9% vs 3.1%, a 2.8% gap on every dollar of revenue. On growth, Armada Hoffler Properties, Inc. posted the faster year-over-year revenue change (0.8% vs -4.0%). Over the past eight quarters, AerSale Corp's revenue compounded faster (0.2% 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.
AerSale, Inc. is a Doral, Florida-based global supplier of aftermarket commercial jet aircraft, engines, used materials, and aeronautical engineering services to passenger and cargo airlines, government, multinational original equipment manufacturers, and independent MROs. AerSale is a member of the Aircraft Fleet Recycling Association.
AHH vs ASLE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $90.9M |
| Net Profit | $2.4M | $5.4M |
| Gross Margin | — | 34.1% |
| Operating Margin | 31.0% | 7.8% |
| Net Margin | 3.1% | 5.9% |
| Revenue YoY | 0.8% | -4.0% |
| Net Profit YoY | -89.8% | 99.7% |
| EPS (diluted) | $0.00 | $0.10 |
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.
| Q4 25 | $75.6M | $90.9M | ||
| Q3 25 | $72.7M | $71.2M | ||
| Q2 25 | $69.1M | $107.4M | ||
| Q1 25 | $67.8M | $65.8M | ||
| Q4 24 | $75.0M | $94.7M | ||
| Q3 24 | $114.4M | $82.7M | ||
| Q2 24 | $116.8M | $77.1M | ||
| Q1 24 | $127.0M | $90.5M |
| Q4 25 | $2.4M | $5.4M | ||
| Q3 25 | $80.0K | $-120.0K | ||
| Q2 25 | $5.9M | $8.6M | ||
| Q1 25 | $-2.8M | $-5.3M | ||
| Q4 24 | $23.4M | $2.7M | ||
| Q3 24 | $-5.0M | $509.0K | ||
| Q2 24 | $3.2M | $-3.6M | ||
| Q1 24 | $14.1M | $6.3M |
| Q4 25 | — | 34.1% | ||
| Q3 25 | — | 30.2% | ||
| Q2 25 | — | 32.9% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 31.4% | ||
| Q3 24 | 45.0% | 28.6% | ||
| Q2 24 | 41.8% | 28.2% | ||
| Q1 24 | 37.9% | 31.8% |
| Q4 25 | 31.0% | 7.8% | ||
| Q3 25 | 29.2% | 4.0% | ||
| Q2 25 | 29.6% | 11.7% | ||
| Q1 25 | 23.2% | -10.1% | ||
| Q4 24 | 50.1% | 5.2% | ||
| Q3 24 | 19.0% | 2.4% | ||
| Q2 24 | 11.9% | -2.4% | ||
| Q1 24 | 15.1% | 5.2% |
| Q4 25 | 3.1% | 5.9% | ||
| Q3 25 | 0.1% | -0.2% | ||
| Q2 25 | 8.6% | 8.0% | ||
| Q1 25 | -4.1% | -8.0% | ||
| Q4 24 | 31.2% | 2.9% | ||
| Q3 24 | -4.4% | 0.6% | ||
| Q2 24 | 2.7% | -4.7% | ||
| Q1 24 | 11.1% | 6.9% |
| Q4 25 | $0.00 | $0.10 | ||
| Q3 25 | $-0.04 | $0.00 | ||
| Q2 25 | $0.04 | $0.18 | ||
| Q1 25 | $-0.07 | $-0.10 | ||
| Q4 24 | $0.28 | $0.05 | ||
| Q3 24 | $-0.11 | $0.01 | ||
| Q2 24 | $0.00 | $-0.07 | ||
| Q1 24 | $0.17 | $0.12 |
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 | $4.4M |
| Total DebtLower is stronger | $1.5B | $1.3M |
| Stockholders' EquityBook value | $627.8M | $424.4M |
| Total Assets | $2.6B | $640.5M |
| Debt / EquityLower = less leverage | 2.43× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $4.4M | ||
| Q3 25 | $46.5M | $5.3M | ||
| Q2 25 | $52.1M | $5.7M | ||
| Q1 25 | $45.7M | $4.7M | ||
| Q4 24 | $31.9M | $4.7M | ||
| Q3 24 | $43.9M | $9.8M | ||
| Q2 24 | $20.3M | $4.3M | ||
| Q1 24 | $41.9M | $2.6M |
| Q4 25 | $1.5B | $1.3M | ||
| Q3 25 | $1.5B | $1.5M | ||
| Q2 25 | $1.4B | $907.0K | ||
| Q1 25 | $1.3B | $1.1M | ||
| Q4 24 | $1.3B | $1.2M | ||
| Q3 24 | $1.3B | $376.0K | ||
| Q2 24 | $1.4B | $522.0K | ||
| Q1 24 | $1.4B | $3.5M |
| Q4 25 | $627.8M | $424.4M | ||
| Q3 25 | $638.8M | $417.1M | ||
| Q2 25 | $652.0M | $415.9M | ||
| Q1 25 | $657.4M | $406.5M | ||
| Q4 24 | $670.6M | $455.6M | ||
| Q3 24 | $663.9M | $451.5M | ||
| Q2 24 | $562.7M | $449.8M | ||
| Q1 24 | $571.4M | $452.0M |
| Q4 25 | $2.6B | $640.5M | ||
| Q3 25 | $2.6B | $646.3M | ||
| Q2 25 | $2.6B | $646.7M | ||
| Q1 25 | $2.5B | $646.1M | ||
| Q4 24 | $2.5B | $604.7M | ||
| Q3 24 | $2.6B | $601.5M | ||
| Q2 24 | $2.6B | $598.7M | ||
| Q1 24 | $2.6B | $571.7M |
| Q4 25 | 2.43× | 0.00× | ||
| Q3 25 | 2.33× | 0.00× | ||
| Q2 25 | 2.22× | 0.00× | ||
| Q1 25 | 2.01× | 0.00× | ||
| Q4 24 | 1.93× | 0.00× | ||
| Q3 24 | 2.00× | 0.00× | ||
| Q2 24 | 2.52× | 0.00× | ||
| Q1 24 | 2.50× | 0.01× |
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 | $11.4M |
| Free Cash FlowOCF − Capex | — | $9.8M |
| FCF MarginFCF / Revenue | — | 10.8% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 26.99× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $11.4M | ||
| Q3 25 | $26.3M | $-8.9M | ||
| Q2 25 | $11.1M | $19.8M | ||
| Q1 25 | $107.0K | $-45.2M | ||
| Q4 24 | $112.0M | $37.5M | ||
| Q3 24 | $27.3M | $10.4M | ||
| Q2 24 | $17.4M | $-15.3M | ||
| Q1 24 | $46.5M | $-21.5M |
| Q4 25 | — | $9.8M | ||
| Q3 25 | — | $-9.8M | ||
| Q2 25 | — | $18.6M | ||
| Q1 25 | — | $-47.6M | ||
| Q4 24 | — | $32.3M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $-18.9M | ||
| Q1 24 | — | $-25.0M |
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -13.8% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | -72.4% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | -24.6% | ||
| Q1 24 | — | -27.7% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | 26.99× | 2.11× | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | 2.31× | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | 13.89× | ||
| Q3 24 | — | 20.52× | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | -3.42× |
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% |
ASLE
| Products | $57.8M | 64% |
| Maintenance | $23.2M | 26% |
| Leasing Arrangements | $9.9M | 11% |
