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Side-by-side financial comparison of Aterian, Inc. (ATER) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.
Legacy Housing Corp is the larger business by last-quarter revenue ($25.5M vs $15.1M, roughly 1.7× Aterian, Inc.). Legacy Housing Corp runs the higher net margin — 32.2% vs -52.5%, a 84.7% gap on every dollar of revenue. On growth, Legacy Housing Corp posted the faster year-over-year revenue change (-30.6% vs -38.5%). Legacy Housing Corp produced more free cash flow last quarter ($15.7M vs $-1.0M). Over the past eight quarters, Legacy Housing Corp's revenue compounded faster (-9.1% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
ATER vs LEGH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $25.5M |
| Net Profit | $-7.9M | $8.2M |
| Gross Margin | 56.1% | 26.4% |
| Operating Margin | -51.1% | 40.4% |
| Net Margin | -52.5% | 32.2% |
| Revenue YoY | -38.5% | -30.6% |
| Net Profit YoY | -512.2% | -43.5% |
| EPS (diluted) | — | $0.38 |
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.
| Q4 25 | $15.1M | $25.5M | ||
| Q3 25 | $19.0M | $28.8M | ||
| Q2 25 | $19.5M | $38.4M | ||
| Q1 25 | $15.4M | $24.3M | ||
| Q4 24 | $24.6M | $36.7M | ||
| Q3 24 | $26.2M | $30.2M | ||
| Q2 24 | $28.0M | $31.7M | ||
| Q1 24 | $20.2M | $30.8M |
| Q4 25 | $-7.9M | $8.2M | ||
| Q3 25 | $-2.3M | $8.6M | ||
| Q2 25 | $-4.9M | $14.7M | ||
| Q1 25 | $-3.9M | $10.3M | ||
| Q4 24 | $-1.3M | $14.5M | ||
| Q3 24 | $-1.8M | $15.8M | ||
| Q2 24 | $-3.6M | $16.2M | ||
| Q1 24 | $-5.2M | $15.1M |
| Q4 25 | 56.1% | 26.4% | ||
| Q3 25 | 56.1% | 20.2% | ||
| Q2 25 | 54.3% | 32.4% | ||
| Q1 25 | 61.4% | 29.2% | ||
| Q4 24 | 63.4% | 27.3% | ||
| Q3 24 | 60.3% | 29.2% | ||
| Q2 24 | 60.4% | 31.9% | ||
| Q1 24 | 65.1% | 33.6% |
| Q4 25 | -51.1% | 40.4% | ||
| Q3 25 | -10.7% | 33.7% | ||
| Q2 25 | -23.1% | 43.8% | ||
| Q1 25 | -24.1% | 47.7% | ||
| Q4 24 | -6.5% | 42.3% | ||
| Q3 24 | -6.6% | 50.8% | ||
| Q2 24 | -11.5% | 50.6% | ||
| Q1 24 | -26.1% | 54.3% |
| Q4 25 | -52.5% | 32.2% | ||
| Q3 25 | -12.0% | 30.0% | ||
| Q2 25 | -25.0% | 38.3% | ||
| Q1 25 | -25.4% | 42.3% | ||
| Q4 24 | -5.3% | 39.5% | ||
| Q3 24 | -6.8% | 52.4% | ||
| Q2 24 | -13.0% | 51.1% | ||
| Q1 24 | -25.5% | 49.1% |
| Q4 25 | — | $0.38 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.60 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.59 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.65 | ||
| Q1 24 | — | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $8.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $528.6M |
| Total Assets | $29.6M | $580.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $8.5M | ||
| Q3 25 | $7.6M | $13.6M | ||
| Q2 25 | $10.5M | $2.6M | ||
| Q1 25 | $14.3M | $3.4M | ||
| Q4 24 | $18.0M | $1.1M | ||
| Q3 24 | $16.1M | $570.0K | ||
| Q2 24 | $20.3M | $60.0K | ||
| Q1 24 | $17.5M | $621.0K |
| Q4 25 | $15.2M | $528.6M | ||
| Q3 25 | $22.6M | $521.6M | ||
| Q2 25 | $24.3M | $512.8M | ||
| Q1 25 | $27.0M | $503.7M | ||
| Q4 24 | $30.0M | $494.0M | ||
| Q3 24 | $30.6M | $479.3M | ||
| Q2 24 | $30.9M | $463.2M | ||
| Q1 24 | $33.0M | $450.4M |
| Q4 25 | $29.6M | $580.3M | ||
| Q3 25 | $40.1M | $557.9M | ||
| Q2 25 | $45.4M | $552.0M | ||
| Q1 25 | $49.8M | $544.6M | ||
| Q4 24 | $49.5M | $534.2M | ||
| Q3 24 | $52.1M | $521.4M | ||
| Q2 24 | $59.9M | $514.9M | ||
| Q1 24 | $55.7M | $510.0M |
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 | $-1.0M | $19.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $15.7M |
| FCF MarginFCF / Revenue | -6.9% | 61.6% |
| Capex IntensityCapex / Revenue | 0.0% | 13.1% |
| Cash ConversionOCF / Net Profit | — | 2.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $19.0M | ||
| Q3 25 | $-1.6M | $7.2M | ||
| Q2 25 | $-4.4M | $6.1M | ||
| Q1 25 | $-3.9M | $4.9M | ||
| Q4 24 | $-9.0K | $7.9M | ||
| Q3 24 | $-722.0K | $13.8M | ||
| Q2 24 | $2.9M | $3.5M | ||
| Q1 24 | $-6.0K | $10.8M |
| Q4 25 | $-1.0M | $15.7M | ||
| Q3 25 | $-1.6M | $5.1M | ||
| Q2 25 | $-4.4M | $3.7M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | — | $6.0M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | $2.9M | $1.7M | ||
| Q1 24 | $-42.0K | $9.9M |
| Q4 25 | -6.9% | 61.6% | ||
| Q3 25 | -8.4% | 17.8% | ||
| Q2 25 | -22.7% | 9.6% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 30.2% | ||
| Q2 24 | 10.3% | 5.4% | ||
| Q1 24 | -0.2% | 32.2% |
| Q4 25 | 0.0% | 13.1% | ||
| Q3 25 | 0.2% | 7.1% | ||
| Q2 25 | 0.0% | 6.2% | ||
| Q1 25 | 0.0% | 5.2% | ||
| Q4 24 | 0.0% | 5.1% | ||
| Q3 24 | 0.0% | 15.6% | ||
| Q2 24 | 0.0% | 5.5% | ||
| Q1 24 | 0.2% | 2.8% |
| Q4 25 | — | 2.32× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
