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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and MID PENN BANCORP INC (MPB). 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 $62.0M, roughly 1.2× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 3.1%, a 28.2% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 0.8%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% 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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

AHH vs MPB — Head-to-Head

Bigger by revenue
AHH
AHH
1.2× larger
AHH
$75.6M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+30.0% gap
MPB
30.8%
0.8%
AHH
Higher net margin
MPB
MPB
28.2% more per $
MPB
31.4%
3.1%
AHH
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-22.8%
AHH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AHH
AHH
MPB
MPB
Revenue
$75.6M
$62.0M
Net Profit
$2.4M
$19.4M
Gross Margin
Operating Margin
31.0%
43.6%
Net Margin
3.1%
31.4%
Revenue YoY
0.8%
30.8%
Net Profit YoY
-89.8%
47.0%
EPS (diluted)
$0.00
$0.83

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
MPB
MPB
Q4 25
$75.6M
$62.0M
Q3 25
$72.7M
$61.8M
Q2 25
$69.1M
$54.3M
Q1 25
$67.8M
$47.7M
Q4 24
$75.0M
$47.4M
Q3 24
$114.4M
$45.3M
Q2 24
$116.8M
$44.1M
Q1 24
$127.0M
$42.3M
Net Profit
AHH
AHH
MPB
MPB
Q4 25
$2.4M
$19.4M
Q3 25
$80.0K
$18.3M
Q2 25
$5.9M
$4.8M
Q1 25
$-2.8M
$13.7M
Q4 24
$23.4M
$13.2M
Q3 24
$-5.0M
$12.3M
Q2 24
$3.2M
$11.8M
Q1 24
$14.1M
$12.1M
Gross Margin
AHH
AHH
MPB
MPB
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
MPB
MPB
Q4 25
31.0%
43.6%
Q3 25
29.2%
39.3%
Q2 25
29.6%
7.9%
Q1 25
23.2%
35.2%
Q4 24
50.1%
34.1%
Q3 24
19.0%
32.8%
Q2 24
11.9%
32.4%
Q1 24
15.1%
34.8%
Net Margin
AHH
AHH
MPB
MPB
Q4 25
3.1%
31.4%
Q3 25
0.1%
29.6%
Q2 25
8.6%
8.8%
Q1 25
-4.1%
28.8%
Q4 24
31.2%
27.9%
Q3 24
-4.4%
27.1%
Q2 24
2.7%
26.7%
Q1 24
11.1%
28.7%
EPS (diluted)
AHH
AHH
MPB
MPB
Q4 25
$0.00
$0.83
Q3 25
$-0.04
$0.79
Q2 25
$0.04
$0.22
Q1 25
$-0.07
$0.71
Q4 24
$0.28
$0.72
Q3 24
$-0.11
$0.74
Q2 24
$0.00
$0.71
Q1 24
$0.17
$0.73

Balance Sheet & Financial Strength

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

Metric
AHH
AHH
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$49.1M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$627.8M
$814.1M
Total Assets
$2.6B
$6.1B
Debt / EquityLower = less leverage
2.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AHH
AHH
MPB
MPB
Q4 25
$49.1M
Q3 25
$46.5M
Q2 25
$52.1M
Q1 25
$45.7M
Q4 24
$31.9M
Q3 24
$43.9M
Q2 24
$20.3M
Q1 24
$41.9M
Total Debt
AHH
AHH
MPB
MPB
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
Stockholders' Equity
AHH
AHH
MPB
MPB
Q4 25
$627.8M
$814.1M
Q3 25
$638.8M
$796.3M
Q2 25
$652.0M
$775.7M
Q1 25
$657.4M
$667.9M
Q4 24
$670.6M
$655.0M
Q3 24
$663.9M
$573.1M
Q2 24
$562.7M
$559.7M
Q1 24
$571.4M
$551.0M
Total Assets
AHH
AHH
MPB
MPB
Q4 25
$2.6B
$6.1B
Q3 25
$2.6B
$6.3B
Q2 25
$2.6B
$6.4B
Q1 25
$2.5B
$5.5B
Q4 24
$2.5B
$5.5B
Q3 24
$2.6B
$5.5B
Q2 24
$2.6B
$5.4B
Q1 24
$2.6B
$5.3B
Debt / Equity
AHH
AHH
MPB
MPB
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
AHH
AHH
MPB
MPB
Operating Cash FlowLast quarter
$64.2M
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
26.99×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AHH
AHH
MPB
MPB
Q4 25
$64.2M
$80.0M
Q3 25
$26.3M
$26.3M
Q2 25
$11.1M
$29.0M
Q1 25
$107.0K
$11.5M
Q4 24
$112.0M
$51.4M
Q3 24
$27.3M
$16.9M
Q2 24
$17.4M
$18.0M
Q1 24
$46.5M
$12.4M
Free Cash Flow
AHH
AHH
MPB
MPB
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
AHH
AHH
MPB
MPB
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
AHH
AHH
MPB
MPB
Q4 25
13.3%
Q3 25
3.1%
Q2 25
3.2%
Q1 25
5.7%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
AHH
AHH
MPB
MPB
Q4 25
26.99×
4.12×
Q3 25
328.63×
1.44×
Q2 25
1.87×
6.08×
Q1 25
0.84×
Q4 24
4.78×
3.88×
Q3 24
1.37×
Q2 24
5.48×
1.53×
Q1 24
3.30×
1.02×

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%

MPB
MPB

Segment breakdown not available.

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