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Side-by-side financial comparison of ACADIA REALTY TRUST (AKR) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $103.0M, roughly 1.6× ACADIA REALTY TRUST). ACADIA REALTY TRUST runs the higher net margin — 135.1% vs 2.7%, a 132.4% gap on every dollar of revenue. On growth, ACADIA REALTY TRUST posted the faster year-over-year revenue change (-1.3% vs -7.5%). Over the past eight quarters, ACADIA REALTY TRUST's revenue compounded faster (7.0% CAGR vs -13.5%).

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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

AKR vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
1.6× larger
THRY
$167.7M
$103.0M
AKR
Growing faster (revenue YoY)
AKR
AKR
+6.2% gap
AKR
-1.3%
-7.5%
THRY
Higher net margin
AKR
AKR
132.4% more per $
AKR
135.1%
2.7%
THRY
Faster 2-yr revenue CAGR
AKR
AKR
Annualised
AKR
7.0%
-13.5%
THRY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AKR
AKR
THRY
THRY
Revenue
$103.0M
$167.7M
Net Profit
$139.1M
$4.5M
Gross Margin
65.2%
Operating Margin
153.9%
37.3%
Net Margin
135.1%
2.7%
Revenue YoY
-1.3%
-7.5%
Net Profit YoY
-58.2%
147.2%
EPS (diluted)
$0.10

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
AKR
AKR
THRY
THRY
Q1 26
$103.0M
$167.7M
Q4 25
$191.6M
Q3 25
$201.6M
Q2 25
$210.5M
Q1 25
$181.4M
Q4 24
$93.3M
$186.6M
Q3 24
$87.7M
$179.9M
Q2 24
$87.3M
$224.1M
Net Profit
AKR
AKR
THRY
THRY
Q1 26
$139.1M
$4.5M
Q4 25
$-9.7M
Q3 25
$5.7M
Q2 25
$13.9M
Q1 25
$-9.6M
Q4 24
$1.2M
$7.9M
Q3 24
$12.3M
$-96.1M
Q2 24
$1.6M
$5.5M
Gross Margin
AKR
AKR
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
AKR
AKR
THRY
THRY
Q1 26
153.9%
37.3%
Q4 25
5.3%
Q3 25
9.9%
Q2 25
14.0%
Q1 25
-1.7%
Q4 24
17.5%
-3.9%
Q3 24
19.9%
-49.2%
Q2 24
20.4%
14.0%
Net Margin
AKR
AKR
THRY
THRY
Q1 26
135.1%
2.7%
Q4 25
-5.0%
Q3 25
2.8%
Q2 25
6.6%
Q1 25
-5.3%
Q4 24
1.2%
4.2%
Q3 24
14.0%
-53.4%
Q2 24
1.8%
2.5%
EPS (diluted)
AKR
AKR
THRY
THRY
Q1 26
$0.10
Q4 25
$-0.21
Q3 25
$0.13
Q2 25
$0.31
Q1 25
$-0.22
Q4 24
$0.08
$0.28
Q3 24
$0.07
$-2.65
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
AKR
AKR
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$31.4M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
$225.4M
Total Assets
$4.5B
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AKR
AKR
THRY
THRY
Q1 26
$31.4M
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$10.8M
Q1 25
$11.0M
Q4 24
$16.8M
$16.3M
Q3 24
$46.2M
$12.5M
Q2 24
$31.9M
$15.5M
Total Debt
AKR
AKR
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$1.5B
$284.3M
Q3 24
$1.6B
$307.8M
Q2 24
$1.7B
$342.1M
Stockholders' Equity
AKR
AKR
THRY
THRY
Q1 26
$2.6B
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$214.9M
Q1 25
$193.2M
Q4 24
$2.1B
$196.9M
Q3 24
$1.9B
$94.5M
Q2 24
$1.8B
$183.1M
Total Assets
AKR
AKR
THRY
THRY
Q1 26
$4.5B
$693.7M
Q4 25
$688.6M
Q3 25
$701.8M
Q2 25
$687.7M
Q1 25
$703.7M
Q4 24
$4.4B
$712.2M
Q3 24
$4.3B
$654.8M
Q2 24
$4.3B
$785.5M
Debt / Equity
AKR
AKR
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
0.74×
1.44×
Q3 24
0.82×
3.26×
Q2 24
0.95×
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AKR
AKR
THRY
THRY
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-5.5M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AKR
AKR
THRY
THRY
Q1 26
Q4 25
$22.2M
Q3 25
$22.2M
Q2 25
$29.6M
Q1 25
$-10.5M
Q4 24
$140.4M
$26.1M
Q3 24
$44.6M
$36.0M
Q2 24
$32.0M
$22.2M
Free Cash Flow
AKR
AKR
THRY
THRY
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
Q2 24
$13.3M
FCF Margin
AKR
AKR
THRY
THRY
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
Q2 24
5.9%
Capex Intensity
AKR
AKR
THRY
THRY
Q1 26
1.7%
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
Q2 24
4.0%
Cash Conversion
AKR
AKR
THRY
THRY
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
121.08×
3.32×
Q3 24
3.64×
Q2 24
20.25×
4.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AKR
AKR

Rental$98.6M96%
Other$4.4M4%

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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