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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and TELOS CORP (TLS). 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 $46.8M, roughly 1.6× TELOS CORP). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -34.9%, a 38.0% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 0.8%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
AHH vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $46.8M |
| Net Profit | $2.4M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 31.0% | -39.6% |
| Net Margin | 3.1% | -34.9% |
| Revenue YoY | 0.8% | 77.4% |
| Net Profit YoY | -89.8% | -74.8% |
| EPS (diluted) | $0.00 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $72.7M | $51.4M | ||
| Q2 25 | $69.1M | $36.0M | ||
| Q1 25 | $67.8M | $30.6M | ||
| Q4 24 | $75.0M | $26.4M | ||
| Q3 24 | $114.4M | $23.8M | ||
| Q2 24 | $116.8M | $28.5M | ||
| Q1 24 | $127.0M | $29.6M |
| Q4 25 | $2.4M | $-16.3M | ||
| Q3 25 | $80.0K | $-2.1M | ||
| Q2 25 | $5.9M | $-9.5M | ||
| Q1 25 | $-2.8M | $-8.6M | ||
| Q4 24 | $23.4M | $-9.3M | ||
| Q3 24 | $-5.0M | $-28.1M | ||
| Q2 24 | $3.2M | $-7.8M | ||
| Q1 24 | $14.1M | $-7.4M |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | 45.0% | 13.2% | ||
| Q2 24 | 41.8% | 34.1% | ||
| Q1 24 | 37.9% | 37.0% |
| Q4 25 | 31.0% | -39.6% | ||
| Q3 25 | 29.2% | -4.8% | ||
| Q2 25 | 29.6% | -27.5% | ||
| Q1 25 | 23.2% | -29.5% | ||
| Q4 24 | 50.1% | -37.6% | ||
| Q3 24 | 19.0% | -121.4% | ||
| Q2 24 | 11.9% | -30.3% | ||
| Q1 24 | 15.1% | -28.5% |
| Q4 25 | 3.1% | -34.9% | ||
| Q3 25 | 0.1% | -4.1% | ||
| Q2 25 | 8.6% | -26.5% | ||
| Q1 25 | -4.1% | -28.1% | ||
| Q4 24 | 31.2% | -35.4% | ||
| Q3 24 | -4.4% | -118.0% | ||
| Q2 24 | 2.7% | -27.2% | ||
| Q1 24 | 11.1% | -24.9% |
| Q4 25 | $0.00 | $-0.22 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $0.28 | $-0.13 | ||
| Q3 24 | $-0.11 | $-0.39 | ||
| Q2 24 | $0.00 | $-0.11 | ||
| Q1 24 | $0.17 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $96.0M |
| Total Assets | $2.6B | $139.9M |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $53.2M | ||
| Q3 25 | $46.5M | $59.0M | ||
| Q2 25 | $52.1M | $57.0M | ||
| Q1 25 | $45.7M | $57.8M | ||
| Q4 24 | $31.9M | $54.6M | ||
| Q3 24 | $43.9M | $69.8M | ||
| Q2 24 | $20.3M | $80.1M | ||
| Q1 24 | $41.9M | $93.9M |
| 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 | — |
| Q4 25 | $627.8M | $96.0M | ||
| Q3 25 | $638.8M | $119.7M | ||
| Q2 25 | $652.0M | $118.4M | ||
| Q1 25 | $657.4M | $126.1M | ||
| Q4 24 | $670.6M | $127.1M | ||
| Q3 24 | $663.9M | $129.5M | ||
| Q2 24 | $562.7M | $149.1M | ||
| Q1 24 | $571.4M | $154.4M |
| Q4 25 | $2.6B | $139.9M | ||
| Q3 25 | $2.6B | $164.3M | ||
| Q2 25 | $2.6B | $165.0M | ||
| Q1 25 | $2.5B | $158.1M | ||
| Q4 24 | $2.5B | $158.2M | ||
| Q3 24 | $2.6B | $166.3M | ||
| Q2 24 | $2.6B | $182.4M | ||
| Q1 24 | $2.6B | $195.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $64.2M | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $8.0M | ||
| Q3 25 | $26.3M | $9.1M | ||
| Q2 25 | $11.1M | $7.0M | ||
| Q1 25 | $107.0K | $6.1M | ||
| Q4 24 | $112.0M | $-10.5M | ||
| Q3 24 | $27.3M | $-7.1M | ||
| Q2 24 | $17.4M | $-8.0M | ||
| Q1 24 | $46.5M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
