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Side-by-side financial comparison of ALEXANDERS INC (ALX) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $53.3M, roughly 1.1× ALEXANDERS INC). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs -4.7%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

ALX vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.1× larger
PHAT
$57.6M
$53.3M
ALX
Growing faster (revenue YoY)
PHAT
PHAT
+98.9% gap
PHAT
94.1%
-4.7%
ALX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
PHAT
PHAT
Revenue
$53.3M
$57.6M
Net Profit
Gross Margin
86.7%
Operating Margin
Net Margin
Revenue YoY
-4.7%
94.1%
Net Profit YoY
71.6%
EPS (diluted)
$0.75

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
ALX
ALX
PHAT
PHAT
Q4 25
$53.3M
$57.6M
Q3 25
$53.4M
$49.5M
Q2 25
$51.6M
$39.5M
Q1 25
$54.9M
$28.5M
Q4 24
$55.9M
$29.7M
Q3 24
$55.7M
$16.4M
Q2 24
$53.4M
$7.3M
Q1 24
$61.4M
Net Profit
ALX
ALX
PHAT
PHAT
Q4 25
Q3 25
$6.0M
$-30.0M
Q2 25
$6.1M
$-75.8M
Q1 25
$12.3M
$-94.3M
Q4 24
Q3 24
$6.7M
$-85.6M
Q2 24
$8.4M
$-91.4M
Q1 24
$16.1M
Gross Margin
ALX
ALX
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
ALX
ALX
PHAT
PHAT
Q4 25
Q3 25
-30.8%
Q2 25
-151.7%
Q1 25
-276.5%
Q4 24
Q3 24
-433.0%
Q2 24
-1055.4%
Q1 24
Net Margin
ALX
ALX
PHAT
PHAT
Q4 25
Q3 25
11.2%
-60.5%
Q2 25
11.9%
-191.9%
Q1 25
22.4%
-330.7%
Q4 24
Q3 24
12.0%
-523.3%
Q2 24
15.7%
-1248.6%
Q1 24
26.2%
EPS (diluted)
ALX
ALX
PHAT
PHAT
Q4 25
$0.75
Q3 25
$1.16
$-0.41
Q2 25
$1.19
$-1.05
Q1 25
$2.40
$-1.31
Q4 24
$2.39
Q3 24
$1.30
$-1.32
Q2 24
$1.63
$-1.56
Q1 24
$3.14

Balance Sheet & Financial Strength

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

Metric
ALX
ALX
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$128.2M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$109.2M
$-438.2M
Total Assets
$1.1B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
PHAT
PHAT
Q4 25
$128.2M
$130.0M
Q3 25
$286.1M
$135.2M
Q2 25
$313.0M
$149.6M
Q1 25
$319.9M
$212.3M
Q4 24
$338.5M
$297.3M
Q3 24
$354.8M
$334.7M
Q2 24
$410.9M
$276.2M
Q1 24
$526.3M
Total Debt
ALX
ALX
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
ALX
ALX
PHAT
PHAT
Q4 25
$109.2M
$-438.2M
Q3 25
$128.3M
$-422.5M
Q2 25
$145.4M
$-405.8M
Q1 25
$163.1M
$-338.4M
Q4 24
$176.9M
$-253.6M
Q3 24
$190.7M
$-187.1M
Q2 24
$212.5M
$-233.8M
Q1 24
$230.1M
Total Assets
ALX
ALX
PHAT
PHAT
Q4 25
$1.1B
$259.1M
Q3 25
$1.3B
$240.3M
Q2 25
$1.3B
$250.2M
Q1 25
$1.3B
$294.2M
Q4 24
$1.3B
$378.3M
Q3 24
$1.4B
$387.0M
Q2 24
$1.5B
$319.4M
Q1 24
$1.4B

Cash Flow & Capital Efficiency

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

Metric
ALX
ALX
PHAT
PHAT
Operating Cash FlowLast quarter
$73.4M
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
PHAT
PHAT
Q4 25
$73.4M
$-166.8M
Q3 25
$-9.3M
$-14.1M
Q2 25
$43.6M
$-62.7M
Q1 25
$15.7M
$-84.9M
Q4 24
$54.1M
$-266.8M
Q3 24
$-5.0M
$-63.6M
Q2 24
$11.5M
$-70.7M
Q1 24
$16.8M
Free Cash Flow
ALX
ALX
PHAT
PHAT
Q4 25
$-167.0M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
Q1 24
FCF Margin
ALX
ALX
PHAT
PHAT
Q4 25
-290.0%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Q1 24
Capex Intensity
ALX
ALX
PHAT
PHAT
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.3%
Q2 24
0.6%
Q1 24
Cash Conversion
ALX
ALX
PHAT
PHAT
Q4 25
Q3 25
-1.55×
Q2 25
7.12×
Q1 25
1.28×
Q4 24
Q3 24
-0.75×
Q2 24
1.37×
Q1 24
1.04×

Financial Flow Comparison

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

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