vs

Side-by-side financial comparison of Brixmor Property Group Inc. (BRX) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Brixmor Property Group Inc. is the larger business by last-quarter revenue ($354.8M vs $207.3M, roughly 1.7× Ultragenyx Pharmaceutical Inc.). Brixmor Property Group Inc. runs the higher net margin — 36.0% vs -62.0%, a 98.0% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs 5.1%). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs 6.0%).

Brixmor Property Group is a publicly traded real estate investment trust that invests in shopping centers.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

BRX vs RARE — Head-to-Head

Bigger by revenue
BRX
BRX
1.7× larger
BRX
$354.8M
$207.3M
RARE
Growing faster (revenue YoY)
RARE
RARE
+20.8% gap
RARE
25.9%
5.1%
BRX
Higher net margin
BRX
BRX
98.0% more per $
BRX
36.0%
-62.0%
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
6.0%
BRX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BRX
BRX
RARE
RARE
Revenue
$354.8M
$207.3M
Net Profit
$127.8M
$-128.6M
Gross Margin
Operating Margin
37.8%
-54.7%
Net Margin
36.0%
-62.0%
Revenue YoY
5.1%
25.9%
Net Profit YoY
83.2%
3.5%
EPS (diluted)
$0.41
$-1.28

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
BRX
BRX
RARE
RARE
Q1 26
$354.8M
Q4 25
$353.8M
$207.3M
Q3 25
$340.8M
$159.9M
Q2 25
$339.5M
$166.5M
Q1 25
$337.5M
$139.3M
Q4 24
$328.4M
$164.6M
Q3 24
$320.7M
$139.5M
Q2 24
$315.7M
$147.0M
Net Profit
BRX
BRX
RARE
RARE
Q1 26
$127.8M
Q4 25
$137.1M
$-128.6M
Q3 25
$94.2M
$-180.4M
Q2 25
$85.1M
$-115.0M
Q1 25
$69.7M
$-151.1M
Q4 24
$83.4M
$-133.2M
Q3 24
$96.8M
$-133.5M
Q2 24
$70.1M
$-131.6M
Operating Margin
BRX
BRX
RARE
RARE
Q1 26
37.8%
Q4 25
-54.7%
Q3 25
-106.9%
Q2 25
-64.8%
Q1 25
-102.6%
Q4 24
-74.3%
Q3 24
-94.6%
Q2 24
-79.1%
Net Margin
BRX
BRX
RARE
RARE
Q1 26
36.0%
Q4 25
38.8%
-62.0%
Q3 25
27.6%
-112.8%
Q2 25
25.1%
-69.0%
Q1 25
20.7%
-108.5%
Q4 24
25.4%
-80.9%
Q3 24
30.2%
-95.7%
Q2 24
22.2%
-89.5%
EPS (diluted)
BRX
BRX
RARE
RARE
Q1 26
$0.41
Q4 25
$0.43
$-1.28
Q3 25
$0.31
$-1.81
Q2 25
$0.28
$-1.17
Q1 25
$0.23
$-1.57
Q4 24
$0.27
$-1.34
Q3 24
$0.32
$-1.40
Q2 24
$0.23
$-1.52

Balance Sheet & Financial Strength

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

Metric
BRX
BRX
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$323.9M
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.0B
$-80.0M
Total Assets
$9.1B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRX
BRX
RARE
RARE
Q1 26
$323.9M
Q4 25
$334.4M
$421.0M
Q3 25
$331.5M
$202.5M
Q2 25
$105.0M
$176.3M
Q1 25
$106.5M
$127.1M
Q4 24
$377.6M
$174.0M
Q3 24
$451.3M
$150.6M
Q2 24
$473.6M
$480.7M
Total Debt
BRX
BRX
RARE
RARE
Q1 26
Q4 25
$5.5B
Q3 25
$5.5B
Q2 25
$5.1B
Q1 25
$5.1B
Q4 24
$5.3B
Q3 24
Q2 24
Stockholders' Equity
BRX
BRX
RARE
RARE
Q1 26
$3.0B
Q4 25
$3.0B
$-80.0M
Q3 25
$3.0B
$9.2M
Q2 25
$3.0B
$151.3M
Q1 25
$3.0B
$144.2M
Q4 24
$3.0B
$255.0M
Q3 24
$2.9B
$346.8M
Q2 24
$2.9B
$432.4M
Total Assets
BRX
BRX
RARE
RARE
Q1 26
$9.1B
Q4 25
$9.1B
$1.5B
Q3 25
$9.0B
$1.2B
Q2 25
$8.6B
$1.3B
Q1 25
$8.6B
$1.3B
Q4 24
$8.9B
$1.5B
Q3 24
$8.7B
$1.5B
Q2 24
$8.7B
$1.6B
Debt / Equity
BRX
BRX
RARE
RARE
Q1 26
Q4 25
1.83×
Q3 25
1.85×
Q2 25
1.73×
Q1 25
1.73×
Q4 24
1.79×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
BRX
BRX
RARE
RARE
Operating Cash FlowLast quarter
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
3.4%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRX
BRX
RARE
RARE
Q1 26
Q4 25
$652.0M
$-99.8M
Q3 25
$168.3M
$-91.4M
Q2 25
$181.5M
$-108.3M
Q1 25
$130.1M
$-166.5M
Q4 24
$624.7M
$-79.3M
Q3 24
$157.5M
$-67.0M
Q2 24
$183.5M
$-77.0M
Free Cash Flow
BRX
BRX
RARE
RARE
Q1 26
Q4 25
$-100.8M
Q3 25
$-92.7M
Q2 25
$-110.7M
Q1 25
$-167.8M
Q4 24
$-79.5M
Q3 24
$-68.6M
Q2 24
$-79.0M
FCF Margin
BRX
BRX
RARE
RARE
Q1 26
Q4 25
-48.6%
Q3 25
-58.0%
Q2 25
-66.5%
Q1 25
-120.5%
Q4 24
-48.3%
Q3 24
-49.2%
Q2 24
-53.7%
Capex Intensity
BRX
BRX
RARE
RARE
Q1 26
3.4%
Q4 25
0.5%
Q3 25
0.8%
Q2 25
1.5%
Q1 25
1.0%
Q4 24
0.1%
Q3 24
1.2%
Q2 24
1.4%
Cash Conversion
BRX
BRX
RARE
RARE
Q1 26
Q4 25
4.75×
Q3 25
1.79×
Q2 25
2.13×
Q1 25
1.87×
Q4 24
7.49×
Q3 24
1.63×
Q2 24
2.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRX
BRX

Rental income$354.3M100%
Other revenues$482.0K0%

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

Related Comparisons