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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
ACADIA REALTY TRUST is the larger business by last-quarter revenue ($103.0M vs $89.5M, roughly 1.2× Commerce.com, Inc.). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs -9.3%, a 144.4% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -1.3%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs 5.5%).
Acadia Realty Trust is a publicly traded real estate investment trust (REIT) that specializes in owning, operating, and redeveloping high-quality retail and mixed-use properties, primarily in dense, high-barrier-to-entry U.S. markets. Its portfolio includes neighborhood shopping centers, urban street retail assets, and community-focused mixed-use developments.
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
AKR vs CMRC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.0M | $89.5M |
| Net Profit | $139.1M | $-8.4M |
| Gross Margin | — | 78.3% |
| Operating Margin | 153.9% | -7.4% |
| Net Margin | 135.1% | -9.3% |
| Revenue YoY | -1.3% | 2.9% |
| Net Profit YoY | -58.2% | -250.0% |
| EPS (diluted) | — | $-0.11 |
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 | $103.0M | — | ||
| Q4 25 | — | $89.5M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | — | $84.4M | ||
| Q1 25 | — | $82.4M | ||
| Q4 24 | $93.3M | $87.0M | ||
| Q3 24 | $87.7M | $83.7M | ||
| Q2 24 | $87.3M | $81.8M |
| Q1 26 | $139.1M | — | ||
| Q4 25 | — | $-8.4M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-8.4M | ||
| Q1 25 | — | $-353.0K | ||
| Q4 24 | $1.2M | $-2.4M | ||
| Q3 24 | $12.3M | $-7.0M | ||
| Q2 24 | $1.6M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 78.4% | ||
| Q2 25 | — | 79.0% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 76.3% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | 153.9% | — | ||
| Q4 25 | — | -7.4% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | -8.0% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | 17.5% | -0.9% | ||
| Q3 24 | 19.9% | -23.0% | ||
| Q2 24 | 20.4% | -16.5% |
| Q1 26 | 135.1% | — | ||
| Q4 25 | — | -9.3% | ||
| Q3 25 | — | -2.6% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -0.4% | ||
| Q4 24 | 1.2% | -2.7% | ||
| Q3 24 | 14.0% | -8.4% | ||
| Q2 24 | 1.8% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.10 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $0.08 | $-0.03 | ||
| Q3 24 | $0.07 | $-0.09 | ||
| Q2 24 | $0.01 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.4M | $141.1M |
| Total DebtLower is stronger | — | $157.0M |
| Stockholders' EquityBook value | $2.6B | $39.4M |
| Total Assets | $4.5B | $308.8M |
| Debt / EquityLower = less leverage | — | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $31.4M | — | ||
| Q4 25 | — | $141.1M | ||
| Q3 25 | — | $142.0M | ||
| Q2 25 | — | $134.5M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | $16.8M | $178.2M | ||
| Q3 24 | $46.2M | $168.4M | ||
| Q2 24 | $31.9M | $275.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $157.0M | ||
| Q3 25 | — | $157.3M | ||
| Q2 25 | — | $157.5M | ||
| Q1 25 | — | $157.8M | ||
| Q4 24 | $1.5B | $216.5M | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | $340.9M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $39.4M | ||
| Q3 25 | — | $42.8M | ||
| Q2 25 | — | $38.8M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | $2.1B | $33.4M | ||
| Q3 24 | $1.9B | $29.0M | ||
| Q2 24 | $1.8B | $26.1M |
| Q1 26 | $4.5B | — | ||
| Q4 25 | — | $308.8M | ||
| Q3 25 | — | $309.5M | ||
| Q2 25 | — | $302.5M | ||
| Q1 25 | — | $286.3M | ||
| Q4 24 | $4.4B | $340.3M | ||
| Q3 24 | $4.3B | $335.1M | ||
| Q2 24 | $4.3B | $452.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | — | 4.06× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | 0.74× | 6.49× | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.95× | 13.06× |
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 | — | $980.0K |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | 1.7% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $980.0K | ||
| Q3 25 | — | $10.6M | ||
| Q2 25 | — | $13.6M | ||
| Q1 25 | — | $401.0K | ||
| Q4 24 | $140.4M | $12.4M | ||
| Q3 24 | $44.6M | $5.6M | ||
| Q2 24 | $32.0M | $11.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $11.9M | ||
| Q1 25 | — | $-424.0K | ||
| Q4 24 | — | $11.6M | ||
| Q3 24 | — | $4.5M | ||
| Q2 24 | — | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 13.0% |
| Q1 26 | 1.7% | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 121.08× | — | ||
| Q3 24 | 3.64× | — | ||
| Q2 24 | 20.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AKR
| Rental | $98.6M | 96% |
| Other | $4.4M | 4% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
