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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $75.6M, roughly 1.4× Armada Hoffler Properties, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -1.4%, a 4.6% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs 0.8%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% 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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
AHH vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $104.1M |
| Net Profit | $2.4M | $-1.5M |
| Gross Margin | — | 34.8% |
| Operating Margin | 31.0% | 61.7% |
| Net Margin | 3.1% | -1.4% |
| Revenue YoY | 0.8% | 3.7% |
| Net Profit YoY | -89.8% | -150.6% |
| EPS (diluted) | $0.00 | $-0.02 |
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 | — | $104.1M | ||
| Q4 25 | $75.6M | $106.2M | ||
| Q3 25 | $72.7M | $104.2M | ||
| Q2 25 | $69.1M | $101.1M | ||
| Q1 25 | $67.8M | $100.4M | ||
| Q4 24 | $75.0M | $100.3M | ||
| Q3 24 | $114.4M | $87.4M | ||
| Q2 24 | $116.8M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $2.4M | $306.0K | ||
| Q3 25 | $80.0K | $1.2M | ||
| Q2 25 | $5.9M | $5.3M | ||
| Q1 25 | $-2.8M | $2.9M | ||
| Q4 24 | $23.4M | $4.5M | ||
| Q3 24 | $-5.0M | $4.3M | ||
| Q2 24 | $3.2M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | 45.0% | 37.4% | ||
| Q2 24 | 41.8% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | 31.0% | 0.5% | ||
| Q3 25 | 29.2% | -0.2% | ||
| Q2 25 | 29.6% | -0.1% | ||
| Q1 25 | 23.2% | -2.0% | ||
| Q4 24 | 50.1% | 1.3% | ||
| Q3 24 | 19.0% | 2.4% | ||
| Q2 24 | 11.9% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 3.1% | 0.3% | ||
| Q3 25 | 0.1% | 1.1% | ||
| Q2 25 | 8.6% | 5.2% | ||
| Q1 25 | -4.1% | 2.9% | ||
| Q4 24 | 31.2% | 4.5% | ||
| Q3 24 | -4.4% | 4.9% | ||
| Q2 24 | 2.7% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $0.00 | $0.01 | ||
| Q3 25 | $-0.04 | $0.01 | ||
| Q2 25 | $0.04 | $0.06 | ||
| Q1 25 | $-0.07 | $0.03 | ||
| Q4 24 | $0.28 | $0.06 | ||
| Q3 24 | $-0.11 | $0.05 | ||
| Q2 24 | $0.00 | $-0.01 |
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 | $327.5M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $530.1M |
| Total Assets | $2.6B | $605.0M |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $49.1M | $342.1M | ||
| Q3 25 | $46.5M | $338.6M | ||
| Q2 25 | $52.1M | $336.8M | ||
| Q1 25 | $45.7M | $325.5M | ||
| Q4 24 | $31.9M | $334.7M | ||
| Q3 24 | $43.9M | $231.3M | ||
| Q2 24 | $20.3M | $256.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $530.1M | ||
| Q4 25 | $627.8M | $542.1M | ||
| Q3 25 | $638.8M | $537.7M | ||
| Q2 25 | $652.0M | $532.2M | ||
| Q1 25 | $657.4M | $517.4M | ||
| Q4 24 | $670.6M | $517.8M | ||
| Q3 24 | $663.9M | $400.2M | ||
| Q2 24 | $562.7M | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $2.6B | $612.9M | ||
| Q3 25 | $2.6B | $613.2M | ||
| Q2 25 | $2.6B | $608.9M | ||
| Q1 25 | $2.5B | $590.9M | ||
| Q4 24 | $2.5B | $592.2M | ||
| Q3 24 | $2.6B | $477.3M | ||
| Q2 24 | $2.6B | $443.6M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $64.2M | $9.9M | ||
| Q3 25 | $26.3M | $7.0M | ||
| Q2 25 | $11.1M | $14.4M | ||
| Q1 25 | $107.0K | $9.4M | ||
| Q4 24 | $112.0M | $7.1M | ||
| Q3 24 | $27.3M | $9.2M | ||
| Q2 24 | $17.4M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.1M | ||
| Q3 25 | — | $2.9M | ||
| Q2 25 | — | $10.2M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | — | $5.9M | ||
| Q2 24 | — | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 26.99× | 32.34× | ||
| Q3 25 | 328.63× | 5.92× | ||
| Q2 25 | 1.87× | 2.73× | ||
| Q1 25 | — | 3.21× | ||
| Q4 24 | 4.78× | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | 5.48× | — |
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% |
GDYN
Segment breakdown not available.
