TORVANTA
Other · S&P 500 · data as of 2026-10-05

AAT stock analysis: AAT

AAT (AAT) is an S&P 500 company in Other. It grades weakest on growth.

The model's view of AAT · subscribers

Where AAT ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with AAT · updated 2026-10-05 · from prices and SEC filings

AAT price performance

AAT against the S&P 500, one year
+0%+20%S&P 500 +18%AAT +13%2025-09-292026-10-05
Year to date+18.2%S&P 500 +14.5% · ahead by 3.7 pts
1 year+11.6%S&P 500 +17.0% · behind by 5.4 pts
3 years+39.7%S&P 500 +89.3% · behind by 49.5 pts
5 years-24.9%S&P 500 +91.3% · behind by 116.2 pts

Total returns with dividends reinvested.

AAT factor grades

Each grade compares AAT with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 73.6x (industry 20.1x)FCF yield 12.9% (industry 6.0%)
D-GrowthRevenue growth -4% (industry +8%)EPS growth -78% (industry +10%)
B-ProfitabilityOperating margin 22.8% (industry 9.6%)ROIC 7.7% (industry 10.1%)
CMomentum12-month change +12%From 52-wk high -16%

AAT in plain numbers

AAT key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$1.3B
Revenue growth (y/y)-4%
Free-cash-flow yield12.9%
Dividend yield6.4%
Next earnings (expected)2026-10-27
Valuation measures
Market value$1.3B
Enterprise value$1.2B
P/E (trailing)73.6x
Forward P/E (Torvanta estimate)88.6x
Price / sales3.0x
Price / book1.2x
EV / revenue2.7x
EV / EBITDA5.2x
Financial highlights
Revenue, last 12 months$438.2M
Net income, last 12 months$22.9M
EPS, last 12 months (GAAP)$0.29
Gross margin60.8%
Operating margin22.8%
Net margin5.2%
Return on equity2.0%
Return on invested capital7.7%
Cash$118.3M

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

AAT earnings trends

Revenue vs earnings
$0$30.7M$61.4M$92.1M$122.8MJun 2024 Revenue: $110.9MSep 2024 Revenue: $122.8MDec 2024 Revenue: $113.5MMar 2025 Revenue: $108.6MJun 2025 Revenue: $107.9MSep 2025 Revenue: $109.6MDec 2025 Revenue: $110.1MMar 2026 Revenue: $110.6MJun 2024 Net income: $15.3MSep 2024 Net income: $21.3MDec 2024 Net income: $9.0MMar 2025 Net income: $54.1MJun 2025 Net income: $7.1MSep 2025 Net income: $5.9MDec 2025 Net income: $3.1MMar 2026 Net income: $6.7MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Net margin: 13.8%Net margin: 17.4%Net margin: 7.9%Net margin: 49.8%Net margin: 6.6%Net margin: 5.4%Net margin: 2.9%Net margin: 6.1%0%25%50%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.4$0.5$0.7Jun 2024 EPS (GAAP, diluted): $0.2Sep 2024 EPS (GAAP, diluted): $0.3Dec 2024 EPS (GAAP, diluted): $0.2Mar 2025 EPS (GAAP, diluted): $0.7Jun 2025 EPS (GAAP, diluted): $0.1Sep 2025 EPS (GAAP, diluted): $0.1Dec 2025 EPS (GAAP, diluted): $0.1Mar 2026 EPS (GAAP, diluted): $0.1Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -55% · Sep 2025 -75% · Dec 2025 -67% · Mar 2026 -89%

From the company's 10-Q and 10-K filings with the SEC.

AAT financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$375.8M$422.6M$441.2M$457.9M$436.2M
Net income$33.8M$53.1M$61.7M$70.2M$70.3M
EPS (GAAP)$0.48$0.73$0.84$0.95$0.91

AAT earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-04-28$0.08-89%+2%-3.0%
2026-02-03$0.05-67%-3%+5.5%
2025-10-28$0.07-75%-11%-5.9%
2025-07-29$0.09-55%-3%-4.2%
2025-04-29$0.70+119%-2%-2.1%
2025-02-04$0.15-12%+1%-8.1%

About AAT

HeadquartersSan Diego, CA
Industry (SEC code)Real Estate Investment Trusts
Fiscal year endsDecember 31
Incorporated inMD
Listed onNYSE

From the company's SEC registration record.

Companies similar to AAT

CompanyMarket valueP/ERevenue growthOperating margin12-month change
AAT AAT$1.3B73.6x-4%22.8%+12%
BJRI BJRI$1.3B33.0x+4%2.7%+96%compare
EYE EYE$1.3B27.1x+8%4.1%-43%compare
NSSC NSSC$1.3B29.9x+11%22.6%-14%compare
SCSC SCSC$1.3B16.8x+6%3.1%+38%
SLVM SLVM$1.3B17.8x-7%5.3%-22%
ADNT ADNT$1.3B31.3x+5%n/a-33%

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Frequently asked questions

Is AAT stock a buy?

Torvanta does not tell individuals what to buy. Its grades for AAT are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is AAT's P/E ratio?

AAT trades at about 73.6 times its last 12 months of GAAP earnings reported to the SEC, and about 88.6 times Torvanta's own estimate of the next 12 months.

When does AAT report earnings next?

Based on its filing history, Torvanta expects AAT to report around 2026-10-27.

Does AAT pay a dividend?

Yes. Its dividend yield is about 6.4%, and it has raised its dividend 5 years in a row.

How has AAT performed against the S&P 500?

Over the past year AAT returned +11.6%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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