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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Ouster, Inc. (OUST). 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 $48.6M, roughly 1.6× Ouster, Inc.). Ouster, Inc. runs the higher net margin — 8.2% vs 3.1%, a 5.1% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 0.8%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
AHH vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $48.6M |
| Net Profit | $2.4M | $4.0M |
| Gross Margin | — | 42.9% |
| Operating Margin | 31.0% | 17.6% |
| Net Margin | 3.1% | 8.2% |
| Revenue YoY | 0.8% | 48.9% |
| Net Profit YoY | -89.8% | — |
| EPS (diluted) | $0.00 | $0.06 |
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 | — | $48.6M | ||
| Q4 25 | $75.6M | $62.2M | ||
| Q3 25 | $72.7M | $39.5M | ||
| Q2 25 | $69.1M | $35.0M | ||
| Q1 25 | $67.8M | $32.6M | ||
| Q4 24 | $75.0M | $30.1M | ||
| Q3 24 | $114.4M | $28.1M | ||
| Q2 24 | $116.8M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $2.4M | — | ||
| Q3 25 | $80.0K | $-21.7M | ||
| Q2 25 | $5.9M | $-20.6M | ||
| Q1 25 | $-2.8M | $-22.0M | ||
| Q4 24 | $23.4M | — | ||
| Q3 24 | $-5.0M | $-25.6M | ||
| Q2 24 | $3.2M | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | 45.0% | 38.3% | ||
| Q2 24 | 41.8% | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | 31.0% | 1.5% | ||
| Q3 25 | 29.2% | -61.4% | ||
| Q2 25 | 29.6% | -76.5% | ||
| Q1 25 | 23.2% | -73.0% | ||
| Q4 24 | 50.1% | -85.1% | ||
| Q3 24 | 19.0% | -98.0% | ||
| Q2 24 | 11.9% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.1% | -55.0% | ||
| Q2 25 | 8.6% | -58.8% | ||
| Q1 25 | -4.1% | -67.5% | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | -4.4% | -91.1% | ||
| Q2 24 | 2.7% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $0.00 | $0.10 | ||
| Q3 25 | $-0.04 | $-0.37 | ||
| Q2 25 | $0.04 | $-0.38 | ||
| Q1 25 | $-0.07 | $-0.42 | ||
| Q4 24 | $0.28 | $-0.46 | ||
| Q3 24 | $-0.11 | $-0.54 | ||
| Q2 24 | $0.00 | $-0.53 |
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 | $173.1M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $275.6M |
| Total Assets | $2.6B | $381.5M |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $49.1M | $208.6M | ||
| Q3 25 | $46.5M | $244.5M | ||
| Q2 25 | $52.1M | $226.5M | ||
| Q1 25 | $45.7M | $168.2M | ||
| Q4 24 | $31.9M | $172.0M | ||
| Q3 24 | $43.9M | $151.4M | ||
| Q2 24 | $20.3M | $184.2M |
| 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 | — | $275.6M | ||
| Q4 25 | $627.8M | $261.7M | ||
| Q3 25 | $638.8M | $247.4M | ||
| Q2 25 | $652.0M | $221.0M | ||
| Q1 25 | $657.4M | $167.9M | ||
| Q4 24 | $670.6M | $180.9M | ||
| Q3 24 | $663.9M | $171.7M | ||
| Q2 24 | $562.7M | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | $2.6B | $349.5M | ||
| Q3 25 | $2.6B | $353.8M | ||
| Q2 25 | $2.6B | $321.8M | ||
| Q1 25 | $2.5B | $268.6M | ||
| Q4 24 | $2.5B | $276.1M | ||
| Q3 24 | $2.6B | $255.2M | ||
| Q2 24 | $2.6B | $309.9M |
| 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 | $-15.4M | ||
| Q3 25 | $26.3M | $-18.3M | ||
| Q2 25 | $11.1M | $-1.3M | ||
| Q1 25 | $107.0K | $-4.9M | ||
| Q4 24 | $112.0M | $-2.6M | ||
| Q3 24 | $27.3M | $-3.8M | ||
| Q2 24 | $17.4M | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| 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% |
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
