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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and GRIFFON CORP (GFF). 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 $649.1M, roughly 1.0× GRIFFON CORP). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 9.9%, a 49.4% gap on every dollar of revenue. On growth, GRIFFON CORP posted the faster year-over-year revenue change (2.6% vs -11.5%). Over the past eight quarters, GRIFFON CORP's revenue compounded faster (-1.8% 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...
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
ARE vs GFF — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $649.1M |
| Net Profit | $398.4M | $64.4M |
| Gross Margin | — | 41.1% |
| Operating Margin | — | 17.5% |
| Net Margin | 59.4% | 9.9% |
| Revenue YoY | -11.5% | 2.6% |
| Net Profit YoY | 740.6% | -9.1% |
| EPS (diluted) | $2.10 | $1.41 |
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 | $649.1M | ||
| Q3 25 | $751.9M | $662.2M | ||
| Q2 25 | $762.0M | $613.6M | ||
| Q1 25 | $758.2M | $611.7M | ||
| Q4 24 | $788.9M | $632.4M | ||
| Q3 24 | $791.6M | $659.7M | ||
| Q2 24 | $766.7M | $647.8M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $64.4M | ||
| Q3 25 | $-232.8M | $43.6M | ||
| Q2 25 | $-107.0M | $-120.1M | ||
| Q1 25 | $-8.9M | $56.8M | ||
| Q4 24 | $-62.2M | $70.9M | ||
| Q3 24 | $167.9M | $62.5M | ||
| Q2 24 | $46.7M | $41.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 41.7% | ||
| Q2 25 | — | 43.2% | ||
| Q1 25 | — | 41.2% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 38.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.5% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | -20.5% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | 13.8% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 9.9% | ||
| Q3 25 | -31.0% | 6.6% | ||
| Q2 25 | -14.0% | -19.6% | ||
| Q1 25 | -1.2% | 9.3% | ||
| Q4 24 | -7.9% | 11.2% | ||
| Q3 24 | 21.2% | 9.5% | ||
| Q2 24 | 6.1% | 6.3% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $1.41 | ||
| Q3 25 | $-1.38 | $1.04 | ||
| Q2 25 | $-0.64 | $-2.65 | ||
| Q1 25 | $-0.07 | $1.21 | ||
| Q4 24 | $-0.38 | $1.49 | ||
| Q3 24 | $0.96 | $1.29 | ||
| Q2 24 | $0.25 | $0.84 |
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 | $95.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | $108.9M |
| Total Assets | $34.2B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $95.3M | ||
| Q3 25 | $579.5M | $99.0M | ||
| Q2 25 | $520.5M | $107.3M | ||
| Q1 25 | $476.4M | $127.8M | ||
| Q4 24 | $552.1M | $152.0M | ||
| Q3 24 | $562.6M | $114.4M | ||
| Q2 24 | $561.0M | $133.5M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | $1.5B | ||
| Q1 25 | $13.1B | $1.5B | ||
| Q4 24 | $12.2B | $1.5B | ||
| Q3 24 | $12.7B | $1.5B | ||
| Q2 24 | $12.4B | $1.5B |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $108.9M | ||
| Q3 25 | $16.6B | $74.0M | ||
| Q2 25 | $17.2B | $63.9M | ||
| Q1 25 | $17.5B | $214.7M | ||
| Q4 24 | $17.9B | $227.8M | ||
| Q3 24 | $18.2B | $224.9M | ||
| Q2 24 | $18.3B | $223.5M |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $2.1B | ||
| Q3 25 | $37.4B | $2.1B | ||
| Q2 25 | $37.6B | $2.1B | ||
| Q1 25 | $37.6B | $2.3B | ||
| Q4 24 | $37.5B | $2.3B | ||
| Q3 24 | $38.5B | $2.4B | ||
| Q2 24 | $37.8B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | 22.71× | ||
| Q1 25 | 0.75× | 7.16× | ||
| Q4 24 | 0.68× | 6.48× | ||
| Q3 24 | 0.70× | 6.78× | ||
| Q2 24 | 0.68× | 6.74× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | — | $99.3M |
| FCF MarginFCF / Revenue | — | 15.3% |
| Capex IntensityCapex / Revenue | 76.0% | 1.2% |
| Cash ConversionOCF / Net Profit | 1.19× | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $107.0M | ||
| Q3 25 | $433.5M | $75.0M | ||
| Q2 25 | $460.2M | $123.1M | ||
| Q1 25 | $207.9M | $16.5M | ||
| Q4 24 | $274.2M | $142.9M | ||
| Q3 24 | $477.4M | $72.1M | ||
| Q2 24 | $411.8M | $122.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $99.3M | ||
| Q3 25 | — | $62.4M | ||
| Q2 25 | — | $114.4M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | $125.5M | ||
| Q3 24 | — | $51.6M | ||
| Q2 24 | — | $107.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 15.3% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 19.8% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 1.66× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | 2.84× | 1.15× | ||
| Q2 24 | 8.82× | 2.97× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
