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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and MP Materials Corp. (MP). 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 $52.7M, roughly 1.4× MP Materials Corp.). MP Materials Corp. runs the higher net margin — 17.9% vs 3.1%, a 14.7% gap on every dollar of revenue. On growth, Armada Hoffler Properties, Inc. posted the faster year-over-year revenue change (0.8% vs -13.6%). Over the past eight quarters, MP Materials Corp.'s revenue compounded faster (4.0% 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.

MP Materials Corp. is a U.S.-based producer of rare earth materials. The company owns and operates the Mountain Pass mine in California, the only active rare earth mining and processing facility in the Western Hemisphere, producing essential materials for electric vehicles, wind turbines, and defense applications.

AHH vs MP — Head-to-Head

Bigger by revenue
AHH
AHH
1.4× larger
AHH
$75.6M
$52.7M
MP
Growing faster (revenue YoY)
AHH
AHH
+14.4% gap
AHH
0.8%
-13.6%
MP
Higher net margin
MP
MP
14.7% more per $
MP
17.9%
3.1%
AHH
Faster 2-yr revenue CAGR
MP
MP
Annualised
MP
4.0%
-22.8%
AHH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHH
AHH
MP
MP
Revenue
$75.6M
$52.7M
Net Profit
$2.4M
$9.4M
Gross Margin
Operating Margin
31.0%
-7.0%
Net Margin
3.1%
17.9%
Revenue YoY
0.8%
-13.6%
Net Profit YoY
-89.8%
142.2%
EPS (diluted)
$0.00
$0.07

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.

Revenue
AHH
AHH
MP
MP
Q4 25
$75.6M
$52.7M
Q3 25
$72.7M
$53.6M
Q2 25
$69.1M
$57.4M
Q1 25
$67.8M
$60.8M
Q4 24
$75.0M
$61.0M
Q3 24
$114.4M
$62.9M
Q2 24
$116.8M
$31.3M
Q1 24
$127.0M
$48.7M
Net Profit
AHH
AHH
MP
MP
Q4 25
$2.4M
$9.4M
Q3 25
$80.0K
$-41.8M
Q2 25
$5.9M
$-30.9M
Q1 25
$-2.8M
$-22.6M
Q4 24
$23.4M
$-22.3M
Q3 24
$-5.0M
$-25.5M
Q2 24
$3.2M
$-34.1M
Q1 24
$14.1M
$16.5M
Gross Margin
AHH
AHH
MP
MP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
45.0%
Q2 24
41.8%
Q1 24
37.9%
Operating Margin
AHH
AHH
MP
MP
Q4 25
31.0%
-7.0%
Q3 25
29.2%
-125.2%
Q2 25
29.6%
-76.5%
Q1 25
23.2%
-57.2%
Q4 24
50.1%
-72.1%
Q3 24
19.0%
-62.8%
Q2 24
11.9%
-171.1%
Q1 24
15.1%
-66.6%
Net Margin
AHH
AHH
MP
MP
Q4 25
3.1%
17.9%
Q3 25
0.1%
-78.0%
Q2 25
8.6%
-53.8%
Q1 25
-4.1%
-37.2%
Q4 24
31.2%
-36.6%
Q3 24
-4.4%
-40.5%
Q2 24
2.7%
-108.9%
Q1 24
11.1%
33.9%
EPS (diluted)
AHH
AHH
MP
MP
Q4 25
$0.00
$0.07
Q3 25
$-0.04
$-0.24
Q2 25
$0.04
$-0.19
Q1 25
$-0.07
$-0.14
Q4 24
$0.28
$-0.12
Q3 24
$-0.11
$-0.16
Q2 24
$0.00
$-0.21
Q1 24
$0.17
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AHH
AHH
MP
MP
Cash + ST InvestmentsLiquidity on hand
$49.1M
$1.2B
Total DebtLower is stronger
$1.5B
$998.7M
Stockholders' EquityBook value
$627.8M
$2.0B
Total Assets
$2.6B
$3.9B
Debt / EquityLower = less leverage
2.43×
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHH
AHH
MP
MP
Q4 25
$49.1M
$1.2B
Q3 25
$46.5M
$1.1B
Q2 25
$52.1M
$261.5M
Q1 25
$45.7M
$198.3M
Q4 24
$31.9M
$282.4M
Q3 24
$43.9M
$284.4M
Q2 24
$20.3M
$295.6M
Q1 24
$41.9M
$296.5M
Total Debt
AHH
AHH
MP
MP
Q4 25
$1.5B
$998.7M
Q3 25
$1.5B
$997.3M
Q2 25
$1.4B
$910.8M
Q1 25
$1.3B
$909.8M
Q4 24
$1.3B
$908.7M
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$1.4B
Stockholders' Equity
AHH
AHH
MP
MP
Q4 25
$627.8M
$2.0B
Q3 25
$638.8M
$2.0B
Q2 25
$652.0M
$1.0B
Q1 25
$657.4M
$1.0B
Q4 24
$670.6M
$1.1B
Q3 24
$663.9M
$1.1B
Q2 24
$562.7M
$1.1B
Q1 24
$571.4M
$1.1B
Total Assets
AHH
AHH
MP
MP
Q4 25
$2.6B
$3.9B
Q3 25
$2.6B
$3.8B
Q2 25
$2.6B
$2.3B
Q1 25
$2.5B
$2.4B
Q4 24
$2.5B
$2.3B
Q3 24
$2.6B
$2.3B
Q2 24
$2.6B
$2.4B
Q1 24
$2.6B
$2.4B
Debt / Equity
AHH
AHH
MP
MP
Q4 25
2.43×
0.50×
Q3 25
2.33×
0.51×
Q2 25
2.22×
0.90×
Q1 25
2.01×
0.88×
Q4 24
1.93×
0.86×
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
AHH
AHH
MP
MP
Operating Cash FlowLast quarter
$64.2M
$-46.9M
Free Cash FlowOCF − Capex
$-109.3M
FCF MarginFCF / Revenue
-207.4%
Capex IntensityCapex / Revenue
118.5%
Cash ConversionOCF / Net Profit
26.99×
-4.97×
TTM Free Cash FlowTrailing 4 quarters
$-328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHH
AHH
MP
MP
Q4 25
$64.2M
$-46.9M
Q3 25
$26.3M
$-42.0M
Q2 25
$11.1M
$-3.7M
Q1 25
$107.0K
$-63.2M
Q4 24
$112.0M
$30.5M
Q3 24
$27.3M
$-6.8M
Q2 24
$17.4M
$30.8M
Q1 24
$46.5M
$-41.1M
Free Cash Flow
AHH
AHH
MP
MP
Q4 25
$-109.3M
Q3 25
$-92.5M
Q2 25
$-32.7M
Q1 25
$-93.7M
Q4 24
$-11.2M
Q3 24
$-53.3M
Q2 24
$-15.6M
Q1 24
$-93.0M
FCF Margin
AHH
AHH
MP
MP
Q4 25
-207.4%
Q3 25
-172.8%
Q2 25
-56.9%
Q1 25
-154.0%
Q4 24
-18.3%
Q3 24
-84.7%
Q2 24
-50.1%
Q1 24
-191.0%
Capex Intensity
AHH
AHH
MP
MP
Q4 25
118.5%
Q3 25
94.3%
Q2 25
50.5%
Q1 25
50.1%
Q4 24
68.3%
Q3 24
73.8%
Q2 24
148.7%
Q1 24
106.5%
Cash Conversion
AHH
AHH
MP
MP
Q4 25
26.99×
-4.97×
Q3 25
328.63×
Q2 25
1.87×
Q1 25
Q4 24
4.78×
Q3 24
Q2 24
5.48×
Q1 24
3.30×
-2.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AHH
AHH

Office Real Estate Segment$28.8M38%
Retail Real Estate Segment$25.4M34%
Multifamily Residential Real Estate$17.7M23%
Real Estate Financing Segment$3.6M5%

MP
MP

Materials Segment$35.6M68%
Other$17.1M32%

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