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Side-by-side financial comparison of AMERICAN REALTY INVESTORS INC (ARL) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.

EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.9M vs $13.0M, roughly 1.1× AMERICAN REALTY INVESTORS INC). AMERICAN REALTY INVESTORS INC runs the higher net margin — 75.2% vs -2.0%, a 77.2% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 8.1%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 4.6%).

Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. In August 2021, the company was acquired by Kimco Realty.

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.

ARL vs MRAM — Head-to-Head

Bigger by revenue
MRAM
MRAM
1.1× larger
MRAM
$14.9M
$13.0M
ARL
Growing faster (revenue YoY)
MRAM
MRAM
+5.1% gap
MRAM
13.2%
8.1%
ARL
Higher net margin
ARL
ARL
77.2% more per $
ARL
75.2%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
4.6%
ARL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARL
ARL
MRAM
MRAM
Revenue
$13.0M
$14.9M
Net Profit
$9.8M
$-296.0K
Gross Margin
52.7%
Operating Margin
-23.3%
29.0%
Net Margin
75.2%
-2.0%
Revenue YoY
8.1%
13.2%
Net Profit YoY
6175.8%
EPS (diluted)
$0.60
$-0.01

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.

Revenue
ARL
ARL
MRAM
MRAM
Q1 26
$14.9M
Q4 25
$13.0M
$14.8M
Q3 25
$12.8M
$14.1M
Q2 25
$12.2M
$13.2M
Q1 25
$12.0M
$13.1M
Q4 24
$12.0M
$13.2M
Q3 24
$11.6M
$12.1M
Q2 24
$11.8M
$10.6M
Net Profit
ARL
ARL
MRAM
MRAM
Q1 26
$-296.0K
Q4 25
$9.8M
$1.2M
Q3 25
$129.0K
$54.0K
Q2 25
$2.8M
$-670.0K
Q1 25
$3.0M
$-1.2M
Q4 24
$-161.0K
$1.2M
Q3 24
$-17.5M
$2.3M
Q2 24
$1.2M
$-2.5M
Gross Margin
ARL
ARL
MRAM
MRAM
Q1 26
52.7%
Q4 25
50.8%
Q3 25
51.3%
Q2 25
51.3%
Q1 25
51.4%
Q4 24
51.3%
Q3 24
49.2%
Q2 24
49.0%
Operating Margin
ARL
ARL
MRAM
MRAM
Q1 26
29.0%
Q4 25
-23.3%
-7.2%
Q3 25
-12.3%
-11.0%
Q2 25
-8.3%
-14.9%
Q1 25
-6.8%
-14.7%
Q4 24
-14.8%
-11.8%
Q3 24
-17.8%
-17.5%
Q2 24
-10.8%
-26.5%
Net Margin
ARL
ARL
MRAM
MRAM
Q1 26
-2.0%
Q4 25
75.2%
8.1%
Q3 25
1.0%
0.4%
Q2 25
23.2%
-5.1%
Q1 25
24.7%
-8.9%
Q4 24
-1.3%
9.2%
Q3 24
-150.4%
18.8%
Q2 24
9.9%
-23.5%
EPS (diluted)
ARL
ARL
MRAM
MRAM
Q1 26
$-0.01
Q4 25
$0.60
$0.05
Q3 25
$0.01
$0.00
Q2 25
$0.18
$-0.03
Q1 25
$0.18
$-0.05
Q4 24
$-0.01
$0.07
Q3 24
$-1.08
$0.10
Q2 24
$0.07
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARL
ARL
MRAM
MRAM
Cash + ST InvestmentsLiquidity on hand
$89.1M
$40.5M
Total DebtLower is stronger
$214.4M
Stockholders' EquityBook value
$617.4M
$70.2M
Total Assets
$1.1B
$83.2M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARL
ARL
MRAM
MRAM
Q1 26
$40.5M
Q4 25
$89.1M
$44.5M
Q3 25
$82.8M
$45.3M
Q2 25
$73.5M
$45.0M
Q1 25
$88.7M
$42.2M
Q4 24
$99.7M
$42.1M
Q3 24
$131.6M
$39.6M
Q2 24
$127.5M
$36.8M
Total Debt
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
$214.4M
Q3 25
$227.0M
Q2 25
$216.0M
Q1 25
$201.7M
Q4 24
$185.4M
Q3 24
$183.8M
Q2 24
$181.0M
Stockholders' Equity
ARL
ARL
MRAM
MRAM
Q1 26
$70.2M
Q4 25
$617.4M
$68.9M
Q3 25
$607.8M
$65.8M
Q2 25
$607.8M
$64.1M
Q1 25
$604.9M
$63.0M
Q4 24
$601.8M
$62.6M
Q3 24
$602.2M
$59.3M
Q2 24
$619.9M
$55.4M
Total Assets
ARL
ARL
MRAM
MRAM
Q1 26
$83.2M
Q4 25
$1.1B
$84.6M
Q3 25
$1.1B
$80.3M
Q2 25
$1.1B
$78.9M
Q1 25
$1.0B
$80.2M
Q4 24
$1.0B
$77.8M
Q3 24
$1.0B
$72.6M
Q2 24
$1.0B
$64.6M
Debt / Equity
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
0.35×
Q3 25
0.37×
Q2 25
0.36×
Q1 25
0.33×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARL
ARL
MRAM
MRAM
Operating Cash FlowLast quarter
$-5.6M
$570.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARL
ARL
MRAM
MRAM
Q1 26
$570.0K
Q4 25
$-5.6M
$2.6M
Q3 25
$8.0M
$881.0K
Q2 25
$-2.9M
$5.0M
Q1 25
$-7.4M
$1.4M
Q4 24
$1.1M
$3.8M
Q3 24
$13.5M
$2.8M
Q2 24
$-503.0K
$1.7M
Free Cash Flow
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
$-975.0K
Q3 25
$543.0K
Q2 25
$3.0M
Q1 25
$527.0K
Q4 24
$2.1M
Q3 24
$2.8M
Q2 24
$1.7M
FCF Margin
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
-6.6%
Q3 25
3.9%
Q2 25
22.9%
Q1 25
4.0%
Q4 24
15.8%
Q3 24
22.9%
Q2 24
15.9%
Capex Intensity
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
24.3%
Q3 25
2.4%
Q2 25
15.1%
Q1 25
6.9%
Q4 24
13.2%
Q3 24
0.5%
Q2 24
0.3%
Cash Conversion
ARL
ARL
MRAM
MRAM
Q1 26
Q4 25
-0.57×
2.19×
Q3 25
61.81×
16.31×
Q2 25
-1.03×
Q1 25
-2.50×
Q4 24
3.16×
Q3 24
1.25×
Q2 24
-0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARL
ARL

Segment breakdown not available.

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

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