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

Newsmax Inc. is the larger business by last-quarter revenue ($52.2M vs $51.0M, roughly 1.0× Alexander & Baldwin, Inc.). Alexander & Baldwin, Inc. runs the higher net margin — 7.4% vs -5.7%, a 13.1% gap on every dollar of revenue. Alexander & Baldwin, Inc. produced more free cash flow last quarter ($27.3M vs $1.8M).

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.

Newsmax Inc. is a U.S.-headquartered media and broadcasting company that offers news coverage, political commentary, opinion pieces, and lifestyle programming across cable TV, official websites, mobile apps, and streaming platforms. It mainly caters to U.S. domestic audiences, with a core focus on conservative-oriented current affairs content segments.

ALEX vs NMAX — Head-to-Head

Bigger by revenue
NMAX
NMAX
1.0× larger
NMAX
$52.2M
$51.0M
ALEX
Higher net margin
ALEX
ALEX
13.1% more per $
ALEX
7.4%
-5.7%
NMAX
More free cash flow
ALEX
ALEX
$25.5M more FCF
ALEX
$27.3M
$1.8M
NMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALEX
ALEX
NMAX
NMAX
Revenue
$51.0M
$52.2M
Net Profit
$3.8M
$-3.0M
Gross Margin
36.7%
Operating Margin
17.1%
-9.0%
Net Margin
7.4%
-5.7%
Revenue YoY
-18.4%
Net Profit YoY
-69.7%
EPS (diluted)
$0.05
$0.15

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
NMAX
NMAX
Q4 25
$51.0M
$52.2M
Q3 25
$50.2M
$45.3M
Q2 25
$51.7M
$46.4M
Q1 25
$53.7M
$45.3M
Q4 24
$62.4M
Q3 24
$61.9M
Q2 24
$51.0M
Q1 24
$61.2M
Net Profit
ALEX
ALEX
NMAX
NMAX
Q4 25
$3.8M
$-3.0M
Q3 25
$14.3M
$-4.1M
Q2 25
$25.1M
$-75.2M
Q1 25
$21.4M
$-17.2M
Q4 24
$12.4M
Q3 24
$19.0M
Q2 24
$9.1M
Q1 24
$20.0M
Gross Margin
ALEX
ALEX
NMAX
NMAX
Q4 25
36.7%
Q3 25
35.3%
Q2 25
38.0%
Q1 25
47.8%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ALEX
ALEX
NMAX
NMAX
Q4 25
17.1%
-9.0%
Q3 25
38.2%
-15.9%
Q2 25
54.4%
-164.5%
Q1 25
44.6%
-25.5%
Q4 24
28.3%
Q3 24
35.6%
Q2 24
31.8%
Q1 24
38.9%
Net Margin
ALEX
ALEX
NMAX
NMAX
Q4 25
7.4%
-5.7%
Q3 25
28.5%
-9.1%
Q2 25
48.6%
-161.9%
Q1 25
39.9%
-38.0%
Q4 24
19.9%
Q3 24
30.7%
Q2 24
17.8%
Q1 24
32.6%
EPS (diluted)
ALEX
ALEX
NMAX
NMAX
Q4 25
$0.05
$0.15
Q3 25
$0.20
$-0.03
Q2 25
$0.35
$-0.59
Q1 25
$0.29
$-0.49
Q4 24
$0.16
Q3 24
$0.26
Q2 24
$0.13
Q1 24
$0.28

Balance Sheet & Financial Strength

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

Metric
ALEX
ALEX
NMAX
NMAX
Cash + ST InvestmentsLiquidity on hand
$11.3M
$20.4M
Total DebtLower is stronger
$491.6M
Stockholders' EquityBook value
$987.2M
$106.0M
Total Assets
$1.7B
$239.8M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEX
ALEX
NMAX
NMAX
Q4 25
$11.3M
$20.4M
Q3 25
$17.3M
$14.2M
Q2 25
$8.6M
$33.8M
Q1 25
$16.9M
$126.7M
Q4 24
$33.4M
Q3 24
$17.9M
Q2 24
$29.5M
Q1 24
$15.7M
Total Debt
ALEX
ALEX
NMAX
NMAX
Q4 25
$491.6M
Q3 25
Q2 25
Q1 25
Q4 24
$474.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALEX
ALEX
NMAX
NMAX
Q4 25
$987.2M
$106.0M
Q3 25
$1.0B
$106.0M
Q2 25
$1.0B
$106.9M
Q1 25
$1.0B
$177.4M
Q4 24
$1.0B
Q3 24
$998.2M
Q2 24
$1.0B
Q1 24
$1.0B
Total Assets
ALEX
ALEX
NMAX
NMAX
Q4 25
$1.7B
$239.8M
Q3 25
$1.7B
$233.3M
Q2 25
$1.6B
$259.8M
Q1 25
$1.6B
$278.2M
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$1.6B
Debt / Equity
ALEX
ALEX
NMAX
NMAX
Q4 25
0.50×
Q3 25
Q2 25
Q1 25
Q4 24
0.47×
Q3 24
Q2 24
Q1 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
NMAX
NMAX
Operating Cash FlowLast quarter
$79.5M
$2.6M
Free Cash FlowOCF − Capex
$27.3M
$1.8M
FCF MarginFCF / Revenue
53.5%
3.4%
Capex IntensityCapex / Revenue
102.4%
1.7%
Cash ConversionOCF / Net Profit
21.06×
TTM Free Cash FlowTrailing 4 quarters
$57.2M
$-107.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEX
ALEX
NMAX
NMAX
Q4 25
$79.5M
$2.6M
Q3 25
$24.5M
$-68.1M
Q2 25
$16.5M
$-23.2M
Q1 25
$26.0M
$-15.7M
Q4 24
$98.0M
Q3 24
$35.3M
Q2 24
$22.3M
Q1 24
$16.1M
Free Cash Flow
ALEX
ALEX
NMAX
NMAX
Q4 25
$27.3M
$1.8M
Q3 25
$-3.7M
$-69.2M
Q2 25
$11.8M
$-23.8M
Q1 25
$21.8M
$-15.8M
Q4 24
$77.0M
Q3 24
$31.4M
Q2 24
$18.0M
Q1 24
$12.3M
FCF Margin
ALEX
ALEX
NMAX
NMAX
Q4 25
53.5%
3.4%
Q3 25
-7.4%
-152.9%
Q2 25
22.8%
-51.3%
Q1 25
40.6%
-34.9%
Q4 24
123.4%
Q3 24
50.8%
Q2 24
35.3%
Q1 24
20.1%
Capex Intensity
ALEX
ALEX
NMAX
NMAX
Q4 25
102.4%
1.7%
Q3 25
56.1%
2.4%
Q2 25
9.1%
1.3%
Q1 25
7.8%
0.2%
Q4 24
33.5%
Q3 24
6.2%
Q2 24
8.4%
Q1 24
6.1%
Cash Conversion
ALEX
ALEX
NMAX
NMAX
Q4 25
21.06×
Q3 25
1.71×
Q2 25
0.66×
Q1 25
1.21×
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.

Revenue Breakdown by Segment

ALEX
ALEX

Segment breakdown not available.

NMAX
NMAX

Advertising$33.9M65%
Affiliate Fee$8.3M16%
Subscription And Circulation$6.2M12%
Products$2.6M5%
Supplement Sales$1.1M2%

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