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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Snap-on (SNA). Click either name above to swap in a different company.
Snap-on is the larger business by last-quarter revenue ($1.2B vs $671.0M, roughly 1.8× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 21.3%, a 38.1% gap on every dollar of revenue. On growth, Snap-on posted the faster year-over-year revenue change (2.7% vs -11.5%). Over the past eight quarters, Snap-on's revenue compounded faster (2.0% 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...
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
ARE vs SNA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $1.2B |
| Net Profit | $398.4M | $260.7M |
| Gross Margin | — | — |
| Operating Margin | — | 27.8% |
| Net Margin | 59.4% | 21.3% |
| Revenue YoY | -11.5% | 2.7% |
| Net Profit YoY | 740.6% | 1.0% |
| EPS (diluted) | $2.10 | $4.94 |
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 | $1.2B | ||
| Q3 25 | $751.9M | $1.2B | ||
| Q2 25 | $762.0M | $1.2B | ||
| Q1 25 | $758.2M | $1.1B | ||
| Q4 24 | $788.9M | $1.2B | ||
| Q3 24 | $791.6M | $1.1B | ||
| Q2 24 | $766.7M | $1.2B |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $260.7M | ||
| Q3 25 | $-232.8M | $265.4M | ||
| Q2 25 | $-107.0M | $250.3M | ||
| Q1 25 | $-8.9M | $240.5M | ||
| Q4 24 | $-62.2M | $258.1M | ||
| Q3 24 | $167.9M | $251.1M | ||
| Q2 24 | $46.7M | $271.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.7% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 29.9% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | 21.3% | ||
| Q3 25 | -31.0% | 22.5% | ||
| Q2 25 | -14.0% | 21.4% | ||
| Q1 25 | -1.2% | 21.2% | ||
| Q4 24 | -7.9% | 21.7% | ||
| Q3 24 | 21.2% | 22.0% | ||
| Q2 24 | 6.1% | 23.1% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $4.94 | ||
| Q3 25 | $-1.38 | $5.02 | ||
| Q2 25 | $-0.64 | $4.72 | ||
| Q1 25 | $-0.07 | $4.51 | ||
| Q4 24 | $-0.38 | $4.83 | ||
| Q3 24 | $0.96 | $4.70 | ||
| Q2 24 | $0.25 | $5.07 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $19.4B | — |
| Total Assets | $34.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | $1.5B | ||
| Q2 25 | $520.5M | $1.5B | ||
| Q1 25 | $476.4M | $1.4B | ||
| Q4 24 | $552.1M | $1.4B | ||
| Q3 24 | $562.6M | $1.3B | ||
| Q2 24 | $561.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | $1.2B | ||
| Q2 25 | $13.3B | $1.2B | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | $1.2B | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | — | ||
| Q3 25 | $16.6B | $5.8B | ||
| Q2 25 | $17.2B | $5.7B | ||
| Q1 25 | $17.5B | $5.5B | ||
| Q4 24 | $17.9B | $5.4B | ||
| Q3 24 | $18.2B | $5.5B | ||
| Q2 24 | $18.3B | $5.3B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | — | ||
| Q3 25 | $37.4B | $8.4B | ||
| Q2 25 | $37.6B | $8.2B | ||
| Q1 25 | $37.6B | $8.1B | ||
| Q4 24 | $37.5B | $7.9B | ||
| Q3 24 | $38.5B | $8.0B | ||
| Q2 24 | $37.8B | $7.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | 0.21× | ||
| Q2 25 | 0.77× | 0.21× | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | 0.22× | ||
| 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 | $268.1M |
| Free Cash FlowOCF − Capex | — | $254.6M |
| FCF MarginFCF / Revenue | — | 20.8% |
| Capex IntensityCapex / Revenue | 76.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.19× | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $268.1M | ||
| Q3 25 | $433.5M | $277.9M | ||
| Q2 25 | $460.2M | $237.2M | ||
| Q1 25 | $207.9M | $298.5M | ||
| Q4 24 | $274.2M | $293.5M | ||
| Q3 24 | $477.4M | $274.2M | ||
| Q2 24 | $411.8M | $301.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $254.6M | ||
| Q3 25 | — | $258.0M | ||
| Q2 25 | — | $217.5M | ||
| Q1 25 | — | $275.6M | ||
| Q4 24 | — | $275.4M | ||
| Q3 24 | — | $253.8M | ||
| Q2 24 | — | $277.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 18.6% | ||
| Q1 25 | — | 24.3% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | — | 23.7% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | 2.84× | 1.09× | ||
| Q2 24 | 8.82× | 1.11× |
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% |
SNA
Segment breakdown not available.
