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Side-by-side financial comparison of ALTA EQUIPMENT GROUP INC. (ALTG) and Alexandria Real Estate Equities (ARE). Click either name above to swap in a different company.

Alexandria Real Estate Equities is the larger business by last-quarter revenue ($671.0M vs $509.1M, roughly 1.3× ALTA EQUIPMENT GROUP INC.). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs -2.3%, a 61.7% gap on every dollar of revenue. On growth, ALTA EQUIPMENT GROUP INC. posted the faster year-over-year revenue change (2.2% vs -11.5%). Over the past eight quarters, ALTA EQUIPMENT GROUP INC.'s revenue compounded faster (7.4% CAGR vs -6.4%).

The Alta Car and Engineering Company was a British sports and racing car manufacturer, commonly known simply as Alta. Their cars contested five FIA World Championship races between 1950 and 1952, as well as Grand Prix events prior to this. They also supplied engines to a small number of other constructors, most notably the Connaught and HWM teams.

Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...

ALTG vs ARE — Head-to-Head

Bigger by revenue
ARE
ARE
1.3× larger
ARE
$671.0M
$509.1M
ALTG
Growing faster (revenue YoY)
ALTG
ALTG
+13.7% gap
ALTG
2.2%
-11.5%
ARE
Higher net margin
ARE
ARE
61.7% more per $
ARE
59.4%
-2.3%
ALTG
Faster 2-yr revenue CAGR
ALTG
ALTG
Annualised
ALTG
7.4%
-6.4%
ARE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALTG
ALTG
ARE
ARE
Revenue
$509.1M
$671.0M
Net Profit
$-11.7M
$398.4M
Gross Margin
23.5%
Operating Margin
1.0%
Net Margin
-2.3%
59.4%
Revenue YoY
2.2%
-11.5%
Net Profit YoY
-10.4%
740.6%
EPS (diluted)
$-0.38
$2.10

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
ALTG
ALTG
ARE
ARE
Q1 26
$671.0M
Q4 25
$509.1M
$754.4M
Q3 25
$422.6M
$751.9M
Q2 25
$481.2M
$762.0M
Q1 25
$423.0M
$758.2M
Q4 24
$498.1M
$788.9M
Q3 24
$448.8M
$791.6M
Q2 24
$488.1M
$766.7M
Net Profit
ALTG
ALTG
ARE
ARE
Q1 26
$398.4M
Q4 25
$-11.7M
$-1.1B
Q3 25
$-41.6M
$-232.8M
Q2 25
$-6.1M
$-107.0M
Q1 25
$-20.9M
$-8.9M
Q4 24
$-10.6M
$-62.2M
Q3 24
$-27.7M
$167.9M
Q2 24
$-11.9M
$46.7M
Gross Margin
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
23.5%
Q3 25
27.9%
Q2 25
25.4%
Q1 25
27.2%
Q4 24
23.4%
Q3 24
27.8%
Q2 24
27.0%
Operating Margin
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
1.0%
Q3 25
1.1%
Q2 25
2.6%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
1.5%
Q2 24
2.1%
Net Margin
ALTG
ALTG
ARE
ARE
Q1 26
59.4%
Q4 25
-2.3%
-143.3%
Q3 25
-9.8%
-31.0%
Q2 25
-1.3%
-14.0%
Q1 25
-4.9%
-1.2%
Q4 24
-2.1%
-7.9%
Q3 24
-6.2%
21.2%
Q2 24
-2.4%
6.1%
EPS (diluted)
ALTG
ALTG
ARE
ARE
Q1 26
$2.10
Q4 25
$-0.38
$-6.35
Q3 25
$-1.31
$-1.38
Q2 25
$-0.21
$-0.64
Q1 25
$-0.65
$-0.07
Q4 24
$-0.34
$-0.38
Q3 24
$-0.86
$0.96
Q2 24
$-0.38
$0.25

Balance Sheet & Financial Strength

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

Metric
ALTG
ALTG
ARE
ARE
Cash + ST InvestmentsLiquidity on hand
$18.6M
$418.7M
Total DebtLower is stronger
$724.0M
Stockholders' EquityBook value
$-8.8M
$19.4B
Total Assets
$1.3B
$34.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALTG
ALTG
ARE
ARE
Q1 26
$418.7M
Q4 25
$18.6M
$549.1M
Q3 25
$14.1M
$579.5M
Q2 25
$13.2M
$520.5M
Q1 25
$11.1M
$476.4M
Q4 24
$13.4M
$552.1M
Q3 24
$14.6M
$562.6M
Q2 24
$4.5M
$561.0M
Total Debt
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
$724.0M
$12.4B
Q3 25
$745.6M
$13.6B
Q2 25
$732.6M
$13.3B
Q1 25
$735.0M
$13.1B
Q4 24
$695.3M
$12.2B
Q3 24
$712.6M
$12.7B
Q2 24
$727.3M
$12.4B
Stockholders' Equity
ALTG
ALTG
ARE
ARE
Q1 26
$19.4B
Q4 25
$-8.8M
$15.5B
Q3 25
$2.9M
$16.6B
Q2 25
$43.9M
$17.2B
Q1 25
$56.0M
$17.5B
Q4 24
$77.6M
$17.9B
Q3 24
$95.7M
$18.2B
Q2 24
$125.2M
$18.3B
Total Assets
ALTG
ALTG
ARE
ARE
Q1 26
$34.2B
Q4 25
$1.3B
$34.1B
Q3 25
$1.4B
$37.4B
Q2 25
$1.4B
$37.6B
Q1 25
$1.5B
$37.6B
Q4 24
$1.5B
$37.5B
Q3 24
$1.5B
$38.5B
Q2 24
$1.6B
$37.8B
Debt / Equity
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
0.80×
Q3 25
257.10×
0.82×
Q2 25
16.69×
0.77×
Q1 25
13.13×
0.75×
Q4 24
8.96×
0.68×
Q3 24
7.45×
0.70×
Q2 24
5.81×
0.68×

Cash Flow & Capital Efficiency

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

Metric
ALTG
ALTG
ARE
ARE
Operating Cash FlowLast quarter
$33.9M
$475.0M
Free Cash FlowOCF − Capex
$32.8M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.2%
76.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$23.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALTG
ALTG
ARE
ARE
Q1 26
$475.0M
Q4 25
$33.9M
$312.4M
Q3 25
$2.5M
$433.5M
Q2 25
$14.1M
$460.2M
Q1 25
$-17.5M
$207.9M
Q4 24
$34.9M
$274.2M
Q3 24
$46.3M
$477.4M
Q2 24
$-10.7M
$411.8M
Free Cash Flow
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
$32.8M
Q3 25
$-1.7M
Q2 25
$11.9M
Q1 25
$-19.2M
Q4 24
$30.9M
Q3 24
$42.1M
Q2 24
$-13.5M
FCF Margin
ALTG
ALTG
ARE
ARE
Q1 26
Q4 25
6.4%
Q3 25
-0.4%
Q2 25
2.5%
Q1 25
-4.5%
Q4 24
6.2%
Q3 24
9.4%
Q2 24
-2.8%
Capex Intensity
ALTG
ALTG
ARE
ARE
Q1 26
76.0%
Q4 25
0.2%
Q3 25
1.0%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
0.8%
Q3 24
0.9%
Q2 24
0.6%
Cash Conversion
ALTG
ALTG
ARE
ARE
Q1 26
1.19×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.84×
Q2 24
8.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALTG
ALTG

New And Used Equipment Sales$300.9M59%
Parts Sales$68.1M13%
Services$59.3M12%
Rental Equipment Sales$38.0M7%
Design And Build Projects Automated Equipment Installation And System Integration Services$18.5M4%
Design And Build Solutions Automated Equipment Installation And System Integration And Software Services$14.6M3%
Master Distribution Segment$14.0M3%

ARE
ARE

Same properties$431.4M64%
Tenant recoveries$178.2M27%
Non-same properties$43.3M6%
Other$18.0M3%

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