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Side-by-side financial comparison of Alexander & Baldwin, Inc. (ALEX) and ARVINAS, INC. (ARVN). Click either name above to swap in a different company.

Alexander & Baldwin, Inc. is the larger business by last-quarter revenue ($51.0M vs $41.9M, roughly 1.2× ARVINAS, INC.). Alexander & Baldwin, Inc. runs the higher net margin — 7.4% vs -83.8%, a 91.2% gap on every dollar of revenue. On growth, Alexander & Baldwin, Inc. posted the faster year-over-year revenue change (-18.4% vs -59.1%). Alexander & Baldwin, Inc. produced more free cash flow last quarter ($27.3M vs $-59.2M). Over the past eight quarters, ARVINAS, INC.'s revenue compounded faster (10.0% CAGR vs -8.7%).

Alexander & Baldwin, Inc. is an American company that was once part of the Big Five companies in territorial Hawaii. The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last "Big Five" company to cultivate sugarcane. As of 2020, it remains one of the State of Hawaii's largest private landowners, owning over 28,000 acres (11,000 ha) and operating 36 income properties in the state.

Arvinas, Inc. is a clinical-stage biotechnology company focused on developing targeted protein degradation therapies, including PROTAC molecules, to treat cancer and rare diseases. It operates primarily in the U.S. and global biopharma markets, advancing multiple pipeline candidates through clinical trials to address unmet medical needs.

ALEX vs ARVN — Head-to-Head

Bigger by revenue
ALEX
ALEX
1.2× larger
ALEX
$51.0M
$41.9M
ARVN
Growing faster (revenue YoY)
ALEX
ALEX
+40.7% gap
ALEX
-18.4%
-59.1%
ARVN
Higher net margin
ALEX
ALEX
91.2% more per $
ALEX
7.4%
-83.8%
ARVN
More free cash flow
ALEX
ALEX
$86.5M more FCF
ALEX
$27.3M
$-59.2M
ARVN
Faster 2-yr revenue CAGR
ARVN
ARVN
Annualised
ARVN
10.0%
-8.7%
ALEX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALEX
ALEX
ARVN
ARVN
Revenue
$51.0M
$41.9M
Net Profit
$3.8M
$-35.1M
Gross Margin
Operating Margin
17.1%
-104.5%
Net Margin
7.4%
-83.8%
Revenue YoY
-18.4%
-59.1%
Net Profit YoY
-69.7%
28.7%
EPS (diluted)
$0.05
$-0.48

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
ALEX
ALEX
ARVN
ARVN
Q4 25
$51.0M
Q3 25
$50.2M
$41.9M
Q2 25
$51.7M
Q1 25
$53.7M
$188.8M
Q4 24
$62.4M
$59.2M
Q3 24
$61.9M
$102.4M
Q2 24
$51.0M
$76.5M
Q1 24
$61.2M
$25.3M
Net Profit
ALEX
ALEX
ARVN
ARVN
Q4 25
$3.8M
Q3 25
$14.3M
$-35.1M
Q2 25
$25.1M
Q1 25
$21.4M
$82.9M
Q4 24
$12.4M
$-45.1M
Q3 24
$19.0M
$-49.2M
Q2 24
$9.1M
$-35.2M
Q1 24
$20.0M
$-69.4M
Operating Margin
ALEX
ALEX
ARVN
ARVN
Q4 25
17.1%
Q3 25
38.2%
-104.5%
Q2 25
54.4%
Q1 25
44.6%
37.8%
Q4 24
28.3%
-98.1%
Q3 24
35.6%
-58.9%
Q2 24
31.8%
-63.4%
Q1 24
38.9%
-329.2%
Net Margin
ALEX
ALEX
ARVN
ARVN
Q4 25
7.4%
Q3 25
28.5%
-83.8%
Q2 25
48.6%
Q1 25
39.9%
43.9%
Q4 24
19.9%
-76.2%
Q3 24
30.7%
-48.0%
Q2 24
17.8%
-46.0%
Q1 24
32.6%
-274.3%
EPS (diluted)
ALEX
ALEX
ARVN
ARVN
Q4 25
$0.05
Q3 25
$0.20
$-0.48
Q2 25
$0.35
Q1 25
$0.29
$1.14
Q4 24
$0.16
$-0.63
Q3 24
$0.26
$-0.68
Q2 24
$0.13
$-0.49
Q1 24
$0.28
$-0.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALEX
ALEX
ARVN
ARVN
Cash + ST InvestmentsLiquidity on hand
$11.3M
$787.6M
Total DebtLower is stronger
$491.6M
$600.0K
Stockholders' EquityBook value
$987.2M
$564.4M
Total Assets
$1.7B
$844.3M
Debt / EquityLower = less leverage
0.50×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEX
ALEX
ARVN
ARVN
Q4 25
$11.3M
Q3 25
$17.3M
$787.6M
Q2 25
$8.6M
Q1 25
$16.9M
$954.3M
Q4 24
$33.4M
$1.0B
Q3 24
$17.9M
$1.1B
Q2 24
$29.5M
$1.2B
Q1 24
$15.7M
$1.2B
Total Debt
ALEX
ALEX
ARVN
ARVN
Q4 25
$491.6M
Q3 25
$600.0K
Q2 25
Q1 25
$700.0K
Q4 24
$474.8M
$800.0K
Q3 24
$800.0K
Q2 24
$900.0K
Q1 24
$900.0K
Stockholders' Equity
ALEX
ALEX
ARVN
ARVN
Q4 25
$987.2M
Q3 25
$1.0B
$564.4M
Q2 25
$1.0B
Q1 25
$1.0B
$660.1M
Q4 24
$1.0B
$561.7M
Q3 24
$998.2M
$586.0M
Q2 24
$1.0B
$600.2M
Q1 24
$1.0B
$609.7M
Total Assets
ALEX
ALEX
ARVN
ARVN
Q4 25
$1.7B
Q3 25
$1.7B
$844.3M
Q2 25
$1.6B
Q1 25
$1.6B
$1.0B
Q4 24
$1.7B
$1.1B
Q3 24
$1.7B
$1.2B
Q2 24
$1.6B
$1.3B
Q1 24
$1.6B
$1.2B
Debt / Equity
ALEX
ALEX
ARVN
ARVN
Q4 25
0.50×
Q3 25
0.00×
Q2 25
Q1 25
0.00×
Q4 24
0.47×
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
ALEX
ALEX
ARVN
ARVN
Operating Cash FlowLast quarter
$79.5M
$-59.1M
Free Cash FlowOCF − Capex
$27.3M
$-59.2M
FCF MarginFCF / Revenue
53.5%
-141.3%
Capex IntensityCapex / Revenue
102.4%
0.2%
Cash ConversionOCF / Net Profit
21.06×
TTM Free Cash FlowTrailing 4 quarters
$57.2M
$-361.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEX
ALEX
ARVN
ARVN
Q4 25
$79.5M
Q3 25
$24.5M
$-59.1M
Q2 25
$16.5M
Q1 25
$26.0M
$-88.9M
Q4 24
$98.0M
$-84.1M
Q3 24
$35.3M
$-128.0M
Q2 24
$22.3M
$50.3M
Q1 24
$16.1M
$-97.5M
Free Cash Flow
ALEX
ALEX
ARVN
ARVN
Q4 25
$27.3M
Q3 25
$-3.7M
$-59.2M
Q2 25
$11.8M
Q1 25
$21.8M
$-89.3M
Q4 24
$77.0M
$-84.4M
Q3 24
$31.4M
$-128.7M
Q2 24
$18.0M
$49.6M
Q1 24
$12.3M
$-97.6M
FCF Margin
ALEX
ALEX
ARVN
ARVN
Q4 25
53.5%
Q3 25
-7.4%
-141.3%
Q2 25
22.8%
Q1 25
40.6%
-47.3%
Q4 24
123.4%
-142.6%
Q3 24
50.8%
-125.7%
Q2 24
35.3%
64.8%
Q1 24
20.1%
-385.8%
Capex Intensity
ALEX
ALEX
ARVN
ARVN
Q4 25
102.4%
Q3 25
56.1%
0.2%
Q2 25
9.1%
Q1 25
7.8%
0.2%
Q4 24
33.5%
0.5%
Q3 24
6.2%
0.7%
Q2 24
8.4%
0.9%
Q1 24
6.1%
0.4%
Cash Conversion
ALEX
ALEX
ARVN
ARVN
Q4 25
21.06×
Q3 25
1.71×
Q2 25
0.66×
Q1 25
1.21×
-1.07×
Q4 24
7.88×
Q3 24
1.86×
Q2 24
2.45×
Q1 24
0.80×

Financial Flow Comparison

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

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