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Side-by-side financial comparison of Angel Oak Mortgage REIT, Inc. (AOMR) 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 ($754.4M vs $10.9M, roughly 69.3× Angel Oak Mortgage REIT, Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs -143.3%, a 247.2% gap on every dollar of revenue. On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs -4.4%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs -1.0%).
Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.
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...
AOMR vs ARE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $10.9M | $754.4M |
| Net Profit | $11.3M | $-1.1B |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 103.9% | -143.3% |
| Revenue YoY | 10.4% | -4.4% |
| Net Profit YoY | 175.2% | -1636.5% |
| EPS (diluted) | $0.44 | $-6.35 |
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.
| Q4 25 | $10.9M | $754.4M | ||
| Q3 25 | $10.2M | $751.9M | ||
| Q2 25 | $9.9M | $762.0M | ||
| Q1 25 | $10.1M | $758.2M | ||
| Q4 24 | $9.9M | $788.9M | ||
| Q3 24 | $9.0M | $791.6M | ||
| Q2 24 | $9.5M | $766.7M | ||
| Q1 24 | $8.6M | $769.1M |
| Q4 25 | $11.3M | $-1.1B | ||
| Q3 25 | $11.4M | $-232.8M | ||
| Q2 25 | $767.0K | $-107.0M | ||
| Q1 25 | $20.5M | $-8.9M | ||
| Q4 24 | $-15.1M | $-62.2M | ||
| Q3 24 | $31.2M | $167.9M | ||
| Q2 24 | $-273.0K | $46.7M | ||
| Q1 24 | $12.9M | $170.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -152.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | 103.9% | -143.3% | ||
| Q3 25 | 112.1% | -31.0% | ||
| Q2 25 | 7.7% | -14.0% | ||
| Q1 25 | 203.5% | -1.2% | ||
| Q4 24 | -152.6% | -7.9% | ||
| Q3 24 | 345.9% | 21.2% | ||
| Q2 24 | -2.9% | 6.1% | ||
| Q1 24 | 150.1% | 22.2% |
| Q4 25 | $0.44 | $-6.35 | ||
| Q3 25 | $0.46 | $-1.38 | ||
| Q2 25 | $0.03 | $-0.64 | ||
| Q1 25 | $0.87 | $-0.07 | ||
| Q4 24 | $-0.62 | $-0.38 | ||
| Q3 24 | $1.29 | $0.96 | ||
| Q2 24 | $-0.01 | $0.25 | ||
| Q1 24 | $0.51 | $0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.6M | $549.1M |
| Total DebtLower is stronger | $2.3B | $12.4B |
| Stockholders' EquityBook value | $267.5M | $15.5B |
| Total Assets | $2.7B | $34.1B |
| Debt / EquityLower = less leverage | 8.51× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.6M | $549.1M | ||
| Q3 25 | $51.6M | $579.5M | ||
| Q2 25 | $40.5M | $520.5M | ||
| Q1 25 | $38.7M | $476.4M | ||
| Q4 24 | $40.8M | $552.1M | ||
| Q3 24 | $42.1M | $562.6M | ||
| Q2 24 | $44.0M | $561.0M | ||
| Q1 24 | $39.4M | $722.2M |
| Q4 25 | $2.3B | $12.4B | ||
| Q3 25 | $2.2B | $13.6B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $13.1B | ||
| Q4 24 | $1.8B | $12.2B | ||
| Q3 24 | — | $12.7B | ||
| Q2 24 | — | $12.4B | ||
| Q1 24 | — | $12.2B |
| Q4 25 | $267.5M | $15.5B | ||
| Q3 25 | $264.2M | $16.6B | ||
| Q2 25 | $246.4M | $17.2B | ||
| Q1 25 | $251.5M | $17.5B | ||
| Q4 24 | $239.0M | $17.9B | ||
| Q3 24 | $265.1M | $18.2B | ||
| Q2 24 | $255.8M | $18.3B | ||
| Q1 24 | $263.3M | $18.4B |
| Q4 25 | $2.7B | $34.1B | ||
| Q3 25 | $2.6B | $37.4B | ||
| Q2 25 | $2.6B | $37.6B | ||
| Q1 25 | $2.7B | $37.6B | ||
| Q4 24 | $2.3B | $37.5B | ||
| Q3 24 | $2.3B | $38.5B | ||
| Q2 24 | $2.1B | $37.8B | ||
| Q1 24 | $2.3B | $37.7B |
| Q4 25 | 8.51× | 0.80× | ||
| Q3 25 | 8.37× | 0.82× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | 7.62× | 0.68× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 0.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-52.5M | $312.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -4.64× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-52.5M | $312.4M | ||
| Q3 25 | $-173.4M | $433.5M | ||
| Q2 25 | $20.6M | $460.2M | ||
| Q1 25 | $-201.7M | $207.9M | ||
| Q4 24 | $-25.1M | $274.2M | ||
| Q3 24 | $-212.4M | $477.4M | ||
| Q2 24 | $-24.2M | $411.8M | ||
| Q1 24 | $40.2M | $341.2M |
| Q4 25 | -4.64× | — | ||
| Q3 25 | -15.19× | — | ||
| Q2 25 | 26.92× | — | ||
| Q1 25 | -9.83× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -6.81× | 2.84× | ||
| Q2 24 | — | 8.82× | ||
| Q1 24 | 3.12× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AOMR
Segment breakdown not available.
ARE
| Reportable Segment Aggregation Before Other Operating Segment | $707.2M | 94% |
| Other | $21.7M | 3% |
