vs
Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $671.0M, roughly 1.1× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 11.3%, a 48.0% gap on every dollar of revenue. On growth, Alexandria Real Estate Equities posted the faster year-over-year revenue change (-11.5% vs -17.6%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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...
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
ARE vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $764.4M |
| Net Profit | $398.4M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | — | 5.6% |
| Net Margin | 59.4% | 11.3% |
| Revenue YoY | -11.5% | -17.6% |
| Net Profit YoY | 740.6% | -10.4% |
| EPS (diluted) | $2.10 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $751.9M | $798.0M | ||
| Q2 25 | $762.0M | $848.7M | ||
| Q1 25 | $758.2M | $874.5M | ||
| Q4 24 | $788.9M | $927.3M | ||
| Q3 24 | $791.6M | $800.5M | ||
| Q2 24 | $766.7M | $692.8M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $86.6M | ||
| Q3 25 | $-232.8M | $-21.1M | ||
| Q2 25 | $-107.0M | $42.9M | ||
| Q1 25 | $-8.9M | $108.3M | ||
| Q4 24 | $-62.2M | $96.6M | ||
| Q3 24 | $167.9M | $61.2M | ||
| Q2 24 | $46.7M | $195.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 18.4% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 30.3% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 11.3% | ||
| Q3 25 | -31.0% | -2.6% | ||
| Q2 25 | -14.0% | 5.1% | ||
| Q1 25 | -1.2% | 12.4% | ||
| Q4 24 | -7.9% | 10.4% | ||
| Q3 24 | 21.2% | 7.6% | ||
| Q2 24 | 6.1% | 28.1% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.54 | ||
| Q3 25 | $-1.38 | $-0.13 | ||
| Q2 25 | $-0.64 | $0.27 | ||
| Q1 25 | $-0.07 | $0.67 | ||
| Q4 24 | $-0.38 | $0.56 | ||
| Q3 24 | $0.96 | $0.40 | ||
| Q2 24 | $0.25 | $1.34 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | $4.5B |
| Total Assets | $34.2B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $471.4M | ||
| Q3 25 | $579.5M | $477.9M | ||
| Q2 25 | $520.5M | $338.2M | ||
| Q1 25 | $476.4M | $303.8M | ||
| Q4 24 | $552.1M | $247.3M | ||
| Q3 24 | $562.6M | $391.9M | ||
| Q2 24 | $561.0M | $162.9M |
| 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 | $4.5B | ||
| Q3 25 | $16.6B | $4.5B | ||
| Q2 25 | $17.2B | $4.6B | ||
| Q1 25 | $17.5B | $4.7B | ||
| Q4 24 | $17.9B | $4.7B | ||
| Q3 24 | $18.2B | $4.7B | ||
| Q2 24 | $18.3B | $4.0B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $7.5B | ||
| Q3 25 | $37.4B | $7.6B | ||
| Q2 25 | $37.6B | $7.7B | ||
| Q1 25 | $37.6B | $7.9B | ||
| Q4 24 | $37.5B | $8.0B | ||
| Q3 24 | $38.5B | $8.0B | ||
| Q2 24 | $37.8B | $5.6B |
| 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 | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | 76.0% | 19.9% |
| Cash ConversionOCF / Net Profit | 1.19× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $187.1M | ||
| Q3 25 | $433.5M | $277.1M | ||
| Q2 25 | $460.2M | $216.4M | ||
| Q1 25 | $207.9M | $271.1M | ||
| Q4 24 | $274.2M | $136.2M | ||
| Q3 24 | $477.4M | $283.8M | ||
| Q2 24 | $411.8M | $106.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4M | ||
| Q3 25 | — | $139.5M | ||
| Q2 25 | — | $99.8M | ||
| Q1 25 | — | $157.5M | ||
| Q4 24 | — | $-4.4M | ||
| Q3 24 | — | $156.8M | ||
| Q2 24 | — | $-34.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | -4.9% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 13.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 20.4% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 2.84× | 4.64× | ||
| Q2 24 | 8.82× | 0.55× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
