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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Arhaus, Inc. (ARHS). 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 $364.8M, roughly 1.8× Arhaus, Inc.). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 4.1%, a 55.2% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -11.5%). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs -6.4%).
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...
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
ARE vs ARHS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $364.8M |
| Net Profit | $398.4M | $15.1M |
| Gross Margin | — | 38.1% |
| Operating Margin | — | 5.6% |
| Net Margin | 59.4% | 4.1% |
| Revenue YoY | -11.5% | 5.1% |
| Net Profit YoY | 740.6% | -29.1% |
| EPS (diluted) | $2.10 | $0.11 |
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.
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $364.8M | ||
| Q3 25 | $751.9M | $344.6M | ||
| Q2 25 | $762.0M | $358.4M | ||
| Q1 25 | $758.2M | $311.4M | ||
| Q4 24 | $788.9M | $347.0M | ||
| Q3 24 | $791.6M | $319.1M | ||
| Q2 24 | $766.7M | $309.8M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $15.1M | ||
| Q3 25 | $-232.8M | $12.2M | ||
| Q2 25 | $-107.0M | $35.1M | ||
| Q1 25 | $-8.9M | $4.9M | ||
| Q4 24 | $-62.2M | $21.3M | ||
| Q3 24 | $167.9M | $9.9M | ||
| Q2 24 | $46.7M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.1% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 41.4% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 40.0% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 40.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 9.5% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 4.1% | ||
| Q3 25 | -31.0% | 3.5% | ||
| Q2 25 | -14.0% | 9.8% | ||
| Q1 25 | -1.2% | 1.6% | ||
| Q4 24 | -7.9% | 6.1% | ||
| Q3 24 | 21.2% | 3.1% | ||
| Q2 24 | 6.1% | 7.2% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.11 | ||
| Q3 25 | $-1.38 | $0.09 | ||
| Q2 25 | $-0.64 | $0.25 | ||
| Q1 25 | $-0.07 | $0.03 | ||
| Q4 24 | $-0.38 | $0.15 | ||
| Q3 24 | $0.96 | $0.07 | ||
| Q2 24 | $0.25 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $418.7M | $253.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | $418.2M |
| Total Assets | $34.2B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $253.4M | ||
| Q3 25 | $579.5M | $262.2M | ||
| Q2 25 | $520.5M | $234.8M | ||
| Q1 25 | $476.4M | $214.4M | ||
| Q4 24 | $552.1M | $197.5M | ||
| Q3 24 | $562.6M | $177.7M | ||
| Q2 24 | $561.0M | $174.2M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $418.2M | ||
| Q3 25 | $16.6B | $400.4M | ||
| Q2 25 | $17.2B | $385.6M | ||
| Q1 25 | $17.5B | $348.8M | ||
| Q4 24 | $17.9B | $343.7M | ||
| Q3 24 | $18.2B | $320.6M | ||
| Q2 24 | $18.3B | $309.3M |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $1.4B | ||
| Q3 25 | $37.4B | $1.4B | ||
| Q2 25 | $37.6B | $1.3B | ||
| Q1 25 | $37.6B | $1.3B | ||
| Q4 24 | $37.5B | $1.2B | ||
| Q3 24 | $38.5B | $1.2B | ||
| Q2 24 | $37.8B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $475.0M | $9.3M |
| Free Cash FlowOCF − Capex | — | $-8.8M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | 76.0% | 5.0% |
| Cash ConversionOCF / Net Profit | 1.19× | 0.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $9.3M | ||
| Q3 25 | $433.5M | $46.1M | ||
| Q2 25 | $460.2M | $34.9M | ||
| Q1 25 | $207.9M | $46.5M | ||
| Q4 24 | $274.2M | $31.7M | ||
| Q3 24 | $477.4M | $31.1M | ||
| Q2 24 | $411.8M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-8.8M | ||
| Q3 25 | — | $28.0M | ||
| Q2 25 | — | $20.9M | ||
| Q1 25 | — | $18.9M | ||
| Q4 24 | — | $13.0M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.4% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 3.6% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 0.62× | ||
| Q3 25 | — | 3.77× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 9.53× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | 2.84× | 3.14× | ||
| Q2 24 | 8.82× | 2.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
