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Side-by-side financial comparison of Alexander & Baldwin, Inc. (ALEX) and A10 Networks, Inc. (ATEN). Click either name above to swap in a different company.

A10 Networks, Inc. is the larger business by last-quarter revenue ($75.0M vs $51.0M, roughly 1.5× Alexander & Baldwin, Inc.). A10 Networks, Inc. runs the higher net margin — 16.0% vs 7.4%, a 8.6% gap on every dollar of revenue. On growth, A10 Networks, Inc. posted the faster year-over-year revenue change (13.4% vs -18.4%). Over the past eight quarters, A10 Networks, Inc.'s revenue compounded faster (11.7% 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.

A10 Networks, Inc. is an American public company specializing in the manufacturing of application delivery controllers. Founded in 2004 by Lee Chen, co-founder of Foundry Networks, A10 originally serviced just the identity management market with its line of ID Series products. In early 2007, they added bandwidth management appliances. The company had its initial public offering on March 21, 2014, raising $187.5 million.

ALEX vs ATEN — Head-to-Head

Bigger by revenue
ATEN
ATEN
1.5× larger
ATEN
$75.0M
$51.0M
ALEX
Growing faster (revenue YoY)
ATEN
ATEN
+31.8% gap
ATEN
13.4%
-18.4%
ALEX
Higher net margin
ATEN
ATEN
8.6% more per $
ATEN
16.0%
7.4%
ALEX
Faster 2-yr revenue CAGR
ATEN
ATEN
Annualised
ATEN
11.7%
-8.7%
ALEX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALEX
ALEX
ATEN
ATEN
Revenue
$51.0M
$75.0M
Net Profit
$3.8M
$12.0M
Gross Margin
79.6%
Operating Margin
17.1%
17.3%
Net Margin
7.4%
16.0%
Revenue YoY
-18.4%
13.4%
Net Profit YoY
-69.7%
EPS (diluted)
$0.05
$0.17

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
ATEN
ATEN
Q1 26
$75.0M
Q4 25
$51.0M
$80.4M
Q3 25
$50.2M
$74.7M
Q2 25
$51.7M
$69.4M
Q1 25
$53.7M
$66.1M
Q4 24
$62.4M
$74.2M
Q3 24
$61.9M
$66.7M
Q2 24
$51.0M
$60.1M
Net Profit
ALEX
ALEX
ATEN
ATEN
Q1 26
$12.0M
Q4 25
$3.8M
$9.9M
Q3 25
$14.3M
$12.2M
Q2 25
$25.1M
$10.5M
Q1 25
$21.4M
$9.5M
Q4 24
$12.4M
$18.3M
Q3 24
$19.0M
$12.6M
Q2 24
$9.1M
$9.5M
Gross Margin
ALEX
ALEX
ATEN
ATEN
Q1 26
79.6%
Q4 25
78.7%
Q3 25
80.1%
Q2 25
78.9%
Q1 25
79.7%
Q4 24
79.9%
Q3 24
80.5%
Q2 24
80.0%
Operating Margin
ALEX
ALEX
ATEN
ATEN
Q1 26
17.3%
Q4 25
17.1%
18.7%
Q3 25
38.2%
17.4%
Q2 25
54.4%
14.9%
Q1 25
44.6%
13.3%
Q4 24
28.3%
24.8%
Q3 24
35.6%
15.7%
Q2 24
31.8%
13.2%
Net Margin
ALEX
ALEX
ATEN
ATEN
Q1 26
16.0%
Q4 25
7.4%
12.3%
Q3 25
28.5%
16.3%
Q2 25
48.6%
15.2%
Q1 25
39.9%
14.4%
Q4 24
19.9%
24.7%
Q3 24
30.7%
18.9%
Q2 24
17.8%
15.8%
EPS (diluted)
ALEX
ALEX
ATEN
ATEN
Q1 26
$0.17
Q4 25
$0.05
$0.13
Q3 25
$0.20
$0.17
Q2 25
$0.35
$0.14
Q1 25
$0.29
$0.13
Q4 24
$0.16
$0.24
Q3 24
$0.26
$0.17
Q2 24
$0.13
$0.13

Balance Sheet & Financial Strength

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

Metric
ALEX
ALEX
ATEN
ATEN
Cash + ST InvestmentsLiquidity on hand
$11.3M
$57.9M
Total DebtLower is stronger
$491.6M
$219.2M
Stockholders' EquityBook value
$987.2M
$220.8M
Total Assets
$1.7B
$634.4M
Debt / EquityLower = less leverage
0.50×
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEX
ALEX
ATEN
ATEN
Q1 26
$57.9M
Q4 25
$11.3M
$684.6M
Q3 25
$17.3M
$370.9M
Q2 25
$8.6M
$367.4M
Q1 25
$16.9M
$355.8M
Q4 24
$33.4M
$195.6M
Q3 24
$17.9M
$182.1M
Q2 24
$29.5M
$177.1M
Total Debt
ALEX
ALEX
ATEN
ATEN
Q1 26
$219.2M
Q4 25
$491.6M
$218.8M
Q3 25
$218.4M
Q2 25
$218.1M
Q1 25
$217.7M
Q4 24
$474.8M
$0
Q3 24
Q2 24
Stockholders' Equity
ALEX
ALEX
ATEN
ATEN
Q1 26
$220.8M
Q4 25
$987.2M
$211.5M
Q3 25
$1.0B
$206.2M
Q2 25
$1.0B
$204.0M
Q1 25
$1.0B
$195.9M
Q4 24
$1.0B
$231.8M
Q3 24
$998.2M
$217.3M
Q2 24
$1.0B
$214.4M
Total Assets
ALEX
ALEX
ATEN
ATEN
Q1 26
$634.4M
Q4 25
$1.7B
$629.8M
Q3 25
$1.7B
$620.1M
Q2 25
$1.6B
$607.9M
Q1 25
$1.6B
$606.2M
Q4 24
$1.7B
$432.8M
Q3 24
$1.7B
$407.7M
Q2 24
$1.6B
$397.2M
Debt / Equity
ALEX
ALEX
ATEN
ATEN
Q1 26
0.99×
Q4 25
0.50×
1.03×
Q3 25
1.06×
Q2 25
1.07×
Q1 25
1.11×
Q4 24
0.47×
0.00×
Q3 24
Q2 24

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
ATEN
ATEN
Operating Cash FlowLast quarter
$79.5M
$2.2M
Free Cash FlowOCF − Capex
$27.3M
FCF MarginFCF / Revenue
53.5%
Capex IntensityCapex / Revenue
102.4%
3.9%
Cash ConversionOCF / Net Profit
21.06×
0.19×
TTM Free Cash FlowTrailing 4 quarters
$57.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEX
ALEX
ATEN
ATEN
Q1 26
$2.2M
Q4 25
$79.5M
$22.7M
Q3 25
$24.5M
$22.8M
Q2 25
$16.5M
$22.2M
Q1 25
$26.0M
$17.2M
Q4 24
$98.0M
$25.7M
Q3 24
$35.3M
$20.1M
Q2 24
$22.3M
$12.2M
Free Cash Flow
ALEX
ALEX
ATEN
ATEN
Q1 26
Q4 25
$27.3M
$16.0M
Q3 25
$-3.7M
$18.1M
Q2 25
$11.8M
$17.9M
Q1 25
$21.8M
$12.7M
Q4 24
$77.0M
$23.3M
Q3 24
$31.4M
$16.7M
Q2 24
$18.0M
$8.7M
FCF Margin
ALEX
ALEX
ATEN
ATEN
Q1 26
Q4 25
53.5%
20.0%
Q3 25
-7.4%
24.2%
Q2 25
22.8%
25.9%
Q1 25
40.6%
19.2%
Q4 24
123.4%
31.4%
Q3 24
50.8%
25.0%
Q2 24
35.3%
14.5%
Capex Intensity
ALEX
ALEX
ATEN
ATEN
Q1 26
3.9%
Q4 25
102.4%
8.3%
Q3 25
56.1%
6.3%
Q2 25
9.1%
6.1%
Q1 25
7.8%
6.8%
Q4 24
33.5%
3.2%
Q3 24
6.2%
5.2%
Q2 24
8.4%
5.8%
Cash Conversion
ALEX
ALEX
ATEN
ATEN
Q1 26
0.19×
Q4 25
21.06×
2.30×
Q3 25
1.71×
1.87×
Q2 25
0.66×
2.10×
Q1 25
1.21×
1.80×
Q4 24
7.88×
1.40×
Q3 24
1.86×
1.59×
Q2 24
2.45×
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALEX
ALEX

Segment breakdown not available.

ATEN
ATEN

Products$44.0M59%
Services$31.0M41%

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