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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and DIODES INC (DIOD). 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 $391.6M, roughly 1.7× DIODES INC). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 2.6%, a 56.8% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs -11.5%). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% 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...
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
ARE vs DIOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $391.6M |
| Net Profit | $398.4M | $10.2M |
| Gross Margin | — | 31.1% |
| Operating Margin | — | 3.4% |
| Net Margin | 59.4% | 2.6% |
| Revenue YoY | -11.5% | 15.4% |
| Net Profit YoY | 740.6% | 23.8% |
| EPS (diluted) | $2.10 | $0.23 |
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 | $391.6M | ||
| Q3 25 | $751.9M | $392.2M | ||
| Q2 25 | $762.0M | $366.2M | ||
| Q1 25 | $758.2M | $332.1M | ||
| Q4 24 | $788.9M | $339.3M | ||
| Q3 24 | $791.6M | $350.1M | ||
| Q2 24 | $766.7M | $319.8M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $10.2M | ||
| Q3 25 | $-232.8M | $14.3M | ||
| Q2 25 | $-107.0M | $46.1M | ||
| Q1 25 | $-8.9M | $-4.4M | ||
| Q4 24 | $-62.2M | $8.2M | ||
| Q3 24 | $167.9M | $13.7M | ||
| Q2 24 | $46.7M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.1% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 33.7% | ||
| Q2 24 | — | 33.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 2.6% | ||
| Q3 25 | -31.0% | 3.6% | ||
| Q2 25 | -14.0% | 12.6% | ||
| Q1 25 | -1.2% | -1.3% | ||
| Q4 24 | -7.9% | 2.4% | ||
| Q3 24 | 21.2% | 3.9% | ||
| Q2 24 | 6.1% | 2.5% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.23 | ||
| Q3 25 | $-1.38 | $0.31 | ||
| Q2 25 | $-0.64 | $0.99 | ||
| Q1 25 | $-0.07 | $-0.10 | ||
| Q4 24 | $-0.38 | $0.18 | ||
| Q3 24 | $0.96 | $0.30 | ||
| Q2 24 | $0.25 | $0.17 |
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 | $377.0M |
| Total DebtLower is stronger | — | $25.7M |
| Stockholders' EquityBook value | $19.4B | $1.9B |
| Total Assets | $34.2B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $377.0M | ||
| Q3 25 | $579.5M | $386.4M | ||
| Q2 25 | $520.5M | $327.3M | ||
| Q1 25 | $476.4M | $343.9M | ||
| Q4 24 | $552.1M | $316.1M | ||
| Q3 24 | $562.6M | $319.3M | ||
| Q2 24 | $561.0M | $273.9M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $25.7M | ||
| Q3 25 | $13.6B | $24.9M | ||
| Q2 25 | $13.3B | $26.4M | ||
| Q1 25 | $13.1B | $20.5M | ||
| Q4 24 | $12.2B | $20.7M | ||
| Q3 24 | $12.7B | $22.2M | ||
| Q2 24 | $12.4B | $20.3M |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $1.9B | ||
| Q3 25 | $16.6B | $1.9B | ||
| Q2 25 | $17.2B | $1.9B | ||
| Q1 25 | $17.5B | $1.8B | ||
| Q4 24 | $17.9B | $1.8B | ||
| Q3 24 | $18.2B | $1.8B | ||
| Q2 24 | $18.3B | $1.8B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $2.4B | ||
| Q3 25 | $37.4B | $2.5B | ||
| Q2 25 | $37.6B | $2.5B | ||
| Q1 25 | $37.6B | $2.4B | ||
| Q4 24 | $37.5B | $2.4B | ||
| Q3 24 | $38.5B | $2.4B | ||
| Q2 24 | $37.8B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.01× | ||
| Q3 25 | 0.82× | 0.01× | ||
| Q2 25 | 0.77× | 0.01× | ||
| Q1 25 | 0.75× | 0.01× | ||
| Q4 24 | 0.68× | 0.01× | ||
| Q3 24 | 0.70× | 0.01× | ||
| Q2 24 | 0.68× | 0.01× |
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 | $38.1M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 3.2% |
| Capex IntensityCapex / Revenue | 76.0% | 6.6% |
| Cash ConversionOCF / Net Profit | 1.19× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $137.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $38.1M | ||
| Q3 25 | $433.5M | $79.1M | ||
| Q2 25 | $460.2M | $41.5M | ||
| Q1 25 | $207.9M | $56.7M | ||
| Q4 24 | $274.2M | $81.8M | ||
| Q3 24 | $477.4M | $54.4M | ||
| Q2 24 | $411.8M | $14.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $12.4M | ||
| Q3 25 | — | $62.8M | ||
| Q2 25 | — | $21.1M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $62.1M | ||
| Q3 24 | — | $39.4M | ||
| Q2 24 | — | $-3.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 16.0% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | -1.1% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 5.6% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 3.74× | ||
| Q3 25 | — | 5.54× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 9.93× | ||
| Q3 24 | 2.84× | 3.95× | ||
| Q2 24 | 8.82× | 1.80× |
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% |
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
