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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $75.6M, roughly 1.6× Armada Hoffler Properties, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 3.1%, a 126.6% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs 0.8%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
AHH vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $124.5M |
| Net Profit | $2.4M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 31.0% | 6.5% |
| Net Margin | 3.1% | 129.7% |
| Revenue YoY | 0.8% | 4.7% |
| Net Profit YoY | -89.8% | 2827.7% |
| EPS (diluted) | $0.00 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $72.7M | $123.4M | ||
| Q2 25 | $69.1M | $119.8M | ||
| Q1 25 | $67.8M | $121.4M | ||
| Q4 24 | $75.0M | $118.9M | ||
| Q3 24 | $114.4M | $115.9M | ||
| Q2 24 | $116.8M | $111.2M | ||
| Q1 24 | $127.0M | $111.1M |
| Q4 25 | $2.4M | $161.6M | ||
| Q3 25 | $80.0K | $9.6M | ||
| Q2 25 | $5.9M | $-7.2M | ||
| Q1 25 | $-2.8M | $-8.8M | ||
| Q4 24 | $23.4M | $-5.9M | ||
| Q3 24 | $-5.0M | $-10.9M | ||
| Q2 24 | $3.2M | $-17.1M | ||
| Q1 24 | $14.1M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | 45.0% | 82.7% | ||
| Q2 24 | 41.8% | 82.6% | ||
| Q1 24 | 37.9% | 81.7% |
| Q4 25 | 31.0% | 6.5% | ||
| Q3 25 | 29.2% | 2.9% | ||
| Q2 25 | 29.6% | -8.6% | ||
| Q1 25 | 23.2% | -9.6% | ||
| Q4 24 | 50.1% | -8.7% | ||
| Q3 24 | 19.0% | -13.8% | ||
| Q2 24 | 11.9% | -19.5% | ||
| Q1 24 | 15.1% | -30.1% |
| Q4 25 | 3.1% | 129.7% | ||
| Q3 25 | 0.1% | 7.8% | ||
| Q2 25 | 8.6% | -6.0% | ||
| Q1 25 | -4.1% | -7.2% | ||
| Q4 24 | 31.2% | -5.0% | ||
| Q3 24 | -4.4% | -9.4% | ||
| Q2 24 | 2.7% | -15.4% | ||
| Q1 24 | 11.1% | -25.3% |
| Q4 25 | $0.00 | $1.69 | ||
| Q3 25 | $-0.04 | $0.10 | ||
| Q2 25 | $0.04 | $-0.07 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $0.28 | $-0.07 | ||
| Q3 24 | $-0.11 | $-0.14 | ||
| Q2 24 | $0.00 | $-0.26 | ||
| Q1 24 | $0.17 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $320.5M |
| Total Assets | $2.6B | $1.0B |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $547.8M | ||
| Q3 25 | $46.5M | $567.9M | ||
| Q2 25 | $52.1M | $597.1M | ||
| Q1 25 | $45.7M | $570.8M | ||
| Q4 24 | $31.9M | $542.2M | ||
| Q3 24 | $43.9M | $599.3M | ||
| Q2 24 | $20.3M | $592.8M | ||
| Q1 24 | $41.9M | $571.2M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | $484.5M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | $489.5M |
| Q4 25 | $627.8M | $320.5M | ||
| Q3 25 | $638.8M | $180.7M | ||
| Q2 25 | $652.0M | $145.7M | ||
| Q1 25 | $657.4M | $129.8M | ||
| Q4 24 | $670.6M | $111.6M | ||
| Q3 24 | $663.9M | $164.7M | ||
| Q2 24 | $562.7M | $174.0M | ||
| Q1 24 | $571.4M | $171.6M |
| Q4 25 | $2.6B | $1.0B | ||
| Q3 25 | $2.6B | $891.5M | ||
| Q2 25 | $2.6B | $926.8M | ||
| Q1 25 | $2.5B | $927.3M | ||
| Q4 24 | $2.5B | $866.8M | ||
| Q3 24 | $2.6B | $916.0M | ||
| Q2 24 | $2.6B | $924.0M | ||
| Q1 24 | $2.6B | $925.3M |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | 3.73× | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 26.99× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $24.8M | ||
| Q3 25 | $26.3M | $34.0M | ||
| Q2 25 | $11.1M | $30.7M | ||
| Q1 25 | $107.0K | $31.4M | ||
| Q4 24 | $112.0M | $22.1M | ||
| Q3 24 | $27.3M | $35.8M | ||
| Q2 24 | $17.4M | $28.6M | ||
| Q1 24 | $46.5M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 26.99× | 0.15× | ||
| Q3 25 | 328.63× | 3.55× | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
