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

Zhihu Inc. is the larger business by last-quarter revenue ($92.0M vs $51.0M, roughly 1.8× Alexander & Baldwin, Inc.). Zhihu Inc. runs the higher net margin — 32.7% vs 7.4%, a 25.3% gap on every dollar of revenue. Over the past eight quarters, Alexander & Baldwin, Inc.'s revenue compounded faster (-8.7% CAGR vs -19.0%).

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.

Zhihu is a Chinese social question and answer site and news aggregator. Originally based in Chengdu and with creators from Sichuan, China, the website launched on January 26, 2011. The number of registered users on Zhihu exceeded 10 million by the end of 2013, and reached 17 million as of May 2015, with 250 million monthly page views.

ALEX vs ZH — Head-to-Head

Bigger by revenue
ZH
ZH
1.8× larger
ZH
$92.0M
$51.0M
ALEX
Higher net margin
ZH
ZH
25.3% more per $
ZH
32.7%
7.4%
ALEX
Faster 2-yr revenue CAGR
ALEX
ALEX
Annualised
ALEX
-8.7%
-19.0%
ZH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALEX
ALEX
ZH
ZH
Revenue
$51.0M
$92.0M
Net Profit
$3.8M
$30.1M
Gross Margin
53.6%
Operating Margin
17.1%
Net Margin
7.4%
32.7%
Revenue YoY
-18.4%
Net Profit YoY
-69.7%
EPS (diluted)
$0.05

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
ZH
ZH
Q1 26
$92.0M
Q4 25
$51.0M
Q3 25
$50.2M
$92.6M
Q2 25
$51.7M
$100.1M
Q1 25
$53.7M
$100.6M
Q4 24
$62.4M
Q3 24
$61.9M
$120.4M
Q2 24
$51.0M
$128.5M
Net Profit
ALEX
ALEX
ZH
ZH
Q1 26
$30.1M
Q4 25
$3.8M
Q3 25
$14.3M
Q2 25
$25.1M
Q1 25
$21.4M
Q4 24
$12.4M
Q3 24
$19.0M
$-1.3M
Q2 24
$9.1M
$-11.1M
Gross Margin
ALEX
ALEX
ZH
ZH
Q1 26
53.6%
Q4 25
Q3 25
61.3%
Q2 25
62.5%
Q1 25
61.8%
Q4 24
Q3 24
63.9%
Q2 24
59.6%
Operating Margin
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
17.1%
Q3 25
38.2%
-15.1%
Q2 25
54.4%
-12.7%
Q1 25
44.6%
Q4 24
28.3%
Q3 24
35.6%
-10.0%
Q2 24
31.8%
-19.7%
Net Margin
ALEX
ALEX
ZH
ZH
Q1 26
32.7%
Q4 25
7.4%
Q3 25
28.5%
Q2 25
48.6%
Q1 25
39.9%
Q4 24
19.9%
Q3 24
30.7%
-1.1%
Q2 24
17.8%
-8.6%
EPS (diluted)
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
$0.05
Q3 25
$0.20
Q2 25
$0.35
Q1 25
$0.29
Q4 24
$0.16
Q3 24
$0.26
Q2 24
$0.13

Balance Sheet & Financial Strength

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

Metric
ALEX
ALEX
ZH
ZH
Cash + ST InvestmentsLiquidity on hand
$11.3M
$481.8M
Total DebtLower is stronger
$491.6M
Stockholders' EquityBook value
$987.2M
$554.1M
Total Assets
$1.7B
$742.3M
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEX
ALEX
ZH
ZH
Q1 26
$481.8M
Q4 25
$11.3M
Q3 25
$17.3M
$383.5M
Q2 25
$8.6M
$446.5M
Q1 25
$16.9M
$446.5M
Q4 24
$33.4M
Q3 24
$17.9M
$458.0M
Q2 24
$29.5M
$434.7M
Total Debt
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
$491.6M
Q3 25
Q2 25
Q1 25
Q4 24
$474.8M
Q3 24
Q2 24
Stockholders' Equity
ALEX
ALEX
ZH
ZH
Q1 26
$554.1M
Q4 25
$987.2M
Q3 25
$1.0B
$578.9M
Q2 25
$1.0B
$587.4M
Q1 25
$1.0B
$573.2M
Q4 24
$1.0B
Q3 24
$998.2M
$619.2M
Q2 24
$1.0B
$605.5M
Total Assets
ALEX
ALEX
ZH
ZH
Q1 26
$742.3M
Q4 25
$1.7B
Q3 25
$1.7B
$772.8M
Q2 25
$1.6B
$802.2M
Q1 25
$1.6B
$783.1M
Q4 24
$1.7B
Q3 24
$1.7B
$856.2M
Q2 24
$1.6B
$840.5M
Debt / Equity
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
0.50×
Q3 25
Q2 25
Q1 25
Q4 24
0.47×
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
ZH
ZH
Operating Cash FlowLast quarter
$79.5M
Free Cash FlowOCF − Capex
$27.3M
FCF MarginFCF / Revenue
53.5%
Capex IntensityCapex / Revenue
102.4%
Cash ConversionOCF / Net Profit
21.06×
TTM Free Cash FlowTrailing 4 quarters
$57.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
$79.5M
Q3 25
$24.5M
Q2 25
$16.5M
Q1 25
$26.0M
Q4 24
$98.0M
Q3 24
$35.3M
Q2 24
$22.3M
Free Cash Flow
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
$27.3M
Q3 25
$-3.7M
Q2 25
$11.8M
Q1 25
$21.8M
Q4 24
$77.0M
Q3 24
$31.4M
Q2 24
$18.0M
FCF Margin
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
53.5%
Q3 25
-7.4%
Q2 25
22.8%
Q1 25
40.6%
Q4 24
123.4%
Q3 24
50.8%
Q2 24
35.3%
Capex Intensity
ALEX
ALEX
ZH
ZH
Q1 26
Q4 25
102.4%
Q3 25
56.1%
Q2 25
9.1%
Q1 25
7.8%
Q4 24
33.5%
Q3 24
6.2%
Q2 24
8.4%
Cash Conversion
ALEX
ALEX
ZH
ZH
Q1 26
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×

Financial Flow Comparison

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

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