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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $671.0M, roughly 1.1× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 2.2%, a 57.2% gap on every dollar of revenue. On growth, SCANSOURCE, INC. posted the faster year-over-year revenue change (2.5% vs -11.5%). Over the past eight quarters, SCANSOURCE, INC.'s revenue compounded faster (0.9% 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...
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
ARE vs SCSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $766.5M |
| Net Profit | $398.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | — | 2.3% |
| Net Margin | 59.4% | 2.2% |
| Revenue YoY | -11.5% | 2.5% |
| Net Profit YoY | 740.6% | -3.3% |
| EPS (diluted) | $2.10 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $751.9M | $739.6M | ||
| Q2 25 | $762.0M | $812.9M | ||
| Q1 25 | $758.2M | $704.8M | ||
| Q4 24 | $788.9M | $747.5M | ||
| Q3 24 | $791.6M | $775.6M | ||
| Q2 24 | $766.7M | $746.1M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $16.5M | ||
| Q3 25 | $-232.8M | $19.9M | ||
| Q2 25 | $-107.0M | $20.1M | ||
| Q1 25 | $-8.9M | $17.4M | ||
| Q4 24 | $-62.2M | $17.1M | ||
| Q3 24 | $167.9M | $17.0M | ||
| Q2 24 | $46.7M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 2.2% | ||
| Q3 25 | -31.0% | 2.7% | ||
| Q2 25 | -14.0% | 2.5% | ||
| Q1 25 | -1.2% | 2.5% | ||
| Q4 24 | -7.9% | 2.3% | ||
| Q3 24 | 21.2% | 2.2% | ||
| Q2 24 | 6.1% | 2.2% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $0.75 | ||
| Q3 25 | $-1.38 | $0.89 | ||
| Q2 25 | $-0.64 | $0.87 | ||
| Q1 25 | $-0.07 | $0.74 | ||
| Q4 24 | $-0.38 | $0.70 | ||
| Q3 24 | $0.96 | $0.69 | ||
| Q2 24 | $0.25 | $0.66 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | $910.9M |
| Total Assets | $34.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $83.5M | ||
| Q3 25 | $579.5M | $124.9M | ||
| Q2 25 | $520.5M | $126.2M | ||
| Q1 25 | $476.4M | $146.3M | ||
| Q4 24 | $552.1M | $110.5M | ||
| Q3 24 | $562.6M | $145.0M | ||
| Q2 24 | $561.0M | $185.5M |
| 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 | $910.9M | ||
| Q3 25 | $16.6B | $914.0M | ||
| Q2 25 | $17.2B | $906.4M | ||
| Q1 25 | $17.5B | $901.7M | ||
| Q4 24 | $17.9B | $900.7M | ||
| Q3 24 | $18.2B | $920.9M | ||
| Q2 24 | $18.3B | $924.3M |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $1.7B | ||
| Q3 25 | $37.4B | $1.7B | ||
| Q2 25 | $37.6B | $1.8B | ||
| Q1 25 | $37.6B | $1.7B | ||
| Q4 24 | $37.5B | $1.7B | ||
| Q3 24 | $38.5B | $1.8B | ||
| Q2 24 | $37.8B | $1.8B |
| 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 | $30.8M |
| Free Cash FlowOCF − Capex | — | $28.9M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | 76.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.19× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $30.8M | ||
| Q3 25 | $433.5M | $23.2M | ||
| Q2 25 | $460.2M | — | ||
| Q1 25 | $207.9M | $66.1M | ||
| Q4 24 | $274.2M | $-6.2M | ||
| Q3 24 | $477.4M | $44.8M | ||
| Q2 24 | $411.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | 2.84× | 2.64× | ||
| Q2 24 | 8.82× | — |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
