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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Frontdoor, Inc. (FTDR). 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 $451.0M, roughly 1.5× Frontdoor, Inc.). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 9.1%, a 50.3% gap on every dollar of revenue. On growth, Frontdoor, Inc. posted the faster year-over-year revenue change (5.9% vs -11.5%). Over the past eight quarters, Alexandria Real Estate Equities's revenue compounded faster (-6.4% CAGR vs -8.8%).
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...
Frontdoor, Inc. operates a leading U.S.-focused home services and protection platform. It offers customizable home warranty plans covering repairs and replacements for household appliances, HVAC, plumbing, and electrical systems, plus on-demand access to a network of pre-vetted local service professionals for residential maintenance and repairs.
ARE vs FTDR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $451.0M |
| Net Profit | $398.4M | $41.0M |
| Gross Margin | — | 55.0% |
| Operating Margin | — | — |
| Net Margin | 59.4% | 9.1% |
| Revenue YoY | -11.5% | 5.9% |
| Net Profit YoY | 740.6% | 10.8% |
| EPS (diluted) | $2.10 | $0.57 |
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 | $451.0M | ||
| Q4 25 | $754.4M | $432.0M | ||
| Q3 25 | $751.9M | $618.0M | ||
| Q2 25 | $762.0M | $617.0M | ||
| Q1 25 | $758.2M | $426.0M | ||
| Q4 24 | $788.9M | $383.0M | ||
| Q3 24 | $791.6M | $540.0M | ||
| Q2 24 | $766.7M | $542.0M |
| Q1 26 | $398.4M | $41.0M | ||
| Q4 25 | $-1.1B | $1.0M | ||
| Q3 25 | $-232.8M | $106.0M | ||
| Q2 25 | $-107.0M | $111.0M | ||
| Q1 25 | $-8.9M | $37.0M | ||
| Q4 24 | $-62.2M | $9.0M | ||
| Q3 24 | $167.9M | $100.0M | ||
| Q2 24 | $46.7M | $92.0M |
| Q1 26 | — | 55.0% | ||
| Q4 25 | — | 49.3% | ||
| Q3 25 | — | 57.1% | ||
| Q2 25 | — | 57.7% | ||
| Q1 25 | — | 55.2% | ||
| Q4 24 | — | 48.0% | ||
| Q3 24 | — | 56.7% | ||
| Q2 24 | — | 56.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 22.9% |
| Q1 26 | 59.4% | 9.1% | ||
| Q4 25 | -143.3% | 0.2% | ||
| Q3 25 | -31.0% | 17.2% | ||
| Q2 25 | -14.0% | 18.0% | ||
| Q1 25 | -1.2% | 8.7% | ||
| Q4 24 | -7.9% | 2.3% | ||
| Q3 24 | 21.2% | 18.5% | ||
| Q2 24 | 6.1% | 17.0% |
| Q1 26 | $2.10 | $0.57 | ||
| Q4 25 | $-6.35 | $0.03 | ||
| Q3 25 | $-1.38 | $1.42 | ||
| Q2 25 | $-0.64 | $1.48 | ||
| Q1 25 | $-0.07 | $0.49 | ||
| Q4 24 | $-0.38 | $0.10 | ||
| Q3 24 | $0.96 | $1.30 | ||
| Q2 24 | $0.25 | $1.18 |
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 | $603.0M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $19.4B | $230.0M |
| Total Assets | $34.2B | $2.2B |
| Debt / EquityLower = less leverage | — | 5.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | $603.0M | ||
| Q4 25 | $549.1M | $566.0M | ||
| Q3 25 | $579.5M | $563.0M | ||
| Q2 25 | $520.5M | $562.0M | ||
| Q1 25 | $476.4M | $506.0M | ||
| Q4 24 | $552.1M | $436.0M | ||
| Q3 24 | $562.6M | $375.0M | ||
| Q2 24 | $561.0M | $419.0M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $12.4B | $1.1B | ||
| Q3 25 | $13.6B | $1.2B | ||
| Q2 25 | $13.3B | $1.2B | ||
| Q1 25 | $13.1B | $1.2B | ||
| Q4 24 | $12.2B | $1.2B | ||
| Q3 24 | $12.7B | $565.0M | ||
| Q2 24 | $12.4B | $569.0M |
| Q1 26 | $19.4B | $230.0M | ||
| Q4 25 | $15.5B | $242.0M | ||
| Q3 25 | $16.6B | $316.0M | ||
| Q2 25 | $17.2B | $254.0M | ||
| Q1 25 | $17.5B | $198.0M | ||
| Q4 24 | $17.9B | $239.0M | ||
| Q3 24 | $18.2B | $261.0M | ||
| Q2 24 | $18.3B | $214.0M |
| Q1 26 | $34.2B | $2.2B | ||
| Q4 25 | $34.1B | $2.1B | ||
| Q3 25 | $37.4B | $2.2B | ||
| Q2 25 | $37.6B | $2.2B | ||
| Q1 25 | $37.6B | $2.1B | ||
| Q4 24 | $37.5B | $2.1B | ||
| Q3 24 | $38.5B | $1.2B | ||
| Q2 24 | $37.8B | $1.2B |
| Q1 26 | — | 5.07× | ||
| Q4 25 | 0.80× | 4.73× | ||
| Q3 25 | 0.82× | 3.64× | ||
| Q2 25 | 0.77× | 4.56× | ||
| Q1 25 | 0.75× | 5.88× | ||
| Q4 24 | 0.68× | 4.90× | ||
| Q3 24 | 0.70× | 2.16× | ||
| Q2 24 | 0.68× | 2.66× |
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 | $475.0M | — |
| Free Cash FlowOCF − Capex | — | $114.0M |
| FCF MarginFCF / Revenue | — | 25.3% |
| Capex IntensityCapex / Revenue | 76.0% | — |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $387.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $101.0M | ||
| Q3 25 | $433.5M | $64.0M | ||
| Q2 25 | $460.2M | $127.0M | ||
| Q1 25 | $207.9M | $124.0M | ||
| Q4 24 | $274.2M | $58.0M | ||
| Q3 24 | $477.4M | $25.0M | ||
| Q2 24 | $411.8M | $103.0M |
| Q1 26 | — | $114.0M | ||
| Q4 25 | — | $95.0M | ||
| Q3 25 | — | $58.0M | ||
| Q2 25 | — | $120.0M | ||
| Q1 25 | — | $117.0M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | $16.0M | ||
| Q2 24 | — | $91.0M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 19.4% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 16.8% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 101.00× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 3.35× | ||
| Q4 24 | — | 6.44× | ||
| Q3 24 | 2.84× | 0.25× | ||
| Q2 24 | 8.82× | 1.12× |
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% |
FTDR
Segment breakdown not available.
