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Side-by-side financial comparison of Brixmor Property Group Inc. (BRX) and Spectrum Brands Holdings, Inc. (SPB). Click either name above to swap in a different company.

Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $354.8M, roughly 1.9× Brixmor Property Group Inc.). Brixmor Property Group Inc. runs the higher net margin — 36.0% vs 4.2%, a 31.8% gap on every dollar of revenue. On growth, Brixmor Property Group Inc. posted the faster year-over-year revenue change (5.1% vs -3.3%). Over the past eight quarters, Brixmor Property Group Inc.'s revenue compounded faster (6.0% CAGR vs -2.9%).

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

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

BRX vs SPB — Head-to-Head

Bigger by revenue
SPB
SPB
1.9× larger
SPB
$677.0M
$354.8M
BRX
Growing faster (revenue YoY)
BRX
BRX
+8.4% gap
BRX
5.1%
-3.3%
SPB
Higher net margin
BRX
BRX
31.8% more per $
BRX
36.0%
4.2%
SPB
Faster 2-yr revenue CAGR
BRX
BRX
Annualised
BRX
6.0%
-2.9%
SPB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BRX
BRX
SPB
SPB
Revenue
$354.8M
$677.0M
Net Profit
$127.8M
$28.4M
Gross Margin
35.7%
Operating Margin
37.8%
4.0%
Net Margin
36.0%
4.2%
Revenue YoY
5.1%
-3.3%
Net Profit YoY
83.2%
20.9%
EPS (diluted)
$0.41
$1.21

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
SPB
SPB
Q1 26
$354.8M
Q4 25
$353.8M
$677.0M
Q3 25
$340.8M
$733.5M
Q2 25
$339.5M
$699.6M
Q1 25
$337.5M
$675.7M
Q4 24
$328.4M
$700.2M
Q3 24
$320.7M
$773.8M
Q2 24
$315.7M
$779.4M
Net Profit
BRX
BRX
SPB
SPB
Q1 26
$127.8M
Q4 25
$137.1M
$28.4M
Q3 25
$94.2M
$55.6M
Q2 25
$85.1M
$19.9M
Q1 25
$69.7M
$900.0K
Q4 24
$83.4M
$23.5M
Q3 24
$96.8M
$28.5M
Q2 24
$70.1M
$6.1M
Gross Margin
BRX
BRX
SPB
SPB
Q1 26
Q4 25
35.7%
Q3 25
35.0%
Q2 25
37.8%
Q1 25
37.5%
Q4 24
36.8%
Q3 24
37.2%
Q2 24
38.9%
Operating Margin
BRX
BRX
SPB
SPB
Q1 26
37.8%
Q4 25
4.0%
Q3 25
4.0%
Q2 25
4.5%
Q1 25
2.9%
Q4 24
6.4%
Q3 24
2.8%
Q2 24
6.1%
Net Margin
BRX
BRX
SPB
SPB
Q1 26
36.0%
Q4 25
38.8%
4.2%
Q3 25
27.6%
7.6%
Q2 25
25.1%
2.8%
Q1 25
20.7%
0.1%
Q4 24
25.4%
3.4%
Q3 24
30.2%
3.7%
Q2 24
22.2%
0.8%
EPS (diluted)
BRX
BRX
SPB
SPB
Q1 26
$0.41
Q4 25
$0.43
$1.21
Q3 25
$0.31
$2.19
Q2 25
$0.28
$0.80
Q1 25
$0.23
$0.03
Q4 24
$0.27
$0.84
Q3 24
$0.32
$1.03
Q2 24
$0.23
$0.21

Balance Sheet & Financial Strength

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

Metric
BRX
BRX
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$323.9M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.0B
$1.9B
Total Assets
$9.1B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRX
BRX
SPB
SPB
Q1 26
$323.9M
Q4 25
$334.4M
$126.6M
Q3 25
$331.5M
$123.6M
Q2 25
$105.0M
$122.0M
Q1 25
$106.5M
$96.0M
Q4 24
$377.6M
$179.9M
Q3 24
$451.3M
$368.9M
Q2 24
$473.6M
$306.8M
Total Debt
BRX
BRX
SPB
SPB
Q1 26
Q4 25
$5.5B
Q3 25
$5.5B
$496.1M
Q2 25
$5.1B
Q1 25
$5.1B
Q4 24
$5.3B
Q3 24
$496.1M
Q2 24
Stockholders' Equity
BRX
BRX
SPB
SPB
Q1 26
$3.0B
Q4 25
$3.0B
$1.9B
Q3 25
$3.0B
$1.9B
Q2 25
$3.0B
$1.9B
Q1 25
$3.0B
$1.9B
Q4 24
$3.0B
$2.0B
Q3 24
$2.9B
$2.1B
Q2 24
$2.9B
$2.1B
Total Assets
BRX
BRX
SPB
SPB
Q1 26
$9.1B
Q4 25
$9.1B
$3.4B
Q3 25
$9.0B
$3.4B
Q2 25
$8.6B
$3.5B
Q1 25
$8.6B
$3.5B
Q4 24
$8.9B
$3.6B
Q3 24
$8.7B
$3.8B
Q2 24
$8.7B
$3.8B
Debt / Equity
BRX
BRX
SPB
SPB
Q1 26
Q4 25
1.83×
Q3 25
1.85×
0.26×
Q2 25
1.73×
Q1 25
1.73×
Q4 24
1.79×
Q3 24
0.23×
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
SPB
SPB
Operating Cash FlowLast quarter
$67.4M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
3.4%
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRX
BRX
SPB
SPB
Q1 26
Q4 25
$652.0M
$67.4M
Q3 25
$168.3M
$171.1M
Q2 25
$181.5M
$81.8M
Q1 25
$130.1M
$23.1M
Q4 24
$624.7M
$-72.4M
Q3 24
$157.5M
$80.7M
Q2 24
$183.5M
$82.7M
Free Cash Flow
BRX
BRX
SPB
SPB
Q1 26
Q4 25
$59.3M
Q3 25
$157.9M
Q2 25
$71.8M
Q1 25
$13.9M
Q4 24
$-78.3M
Q3 24
$67.7M
Q2 24
$72.6M
FCF Margin
BRX
BRX
SPB
SPB
Q1 26
Q4 25
8.8%
Q3 25
21.5%
Q2 25
10.3%
Q1 25
2.1%
Q4 24
-11.2%
Q3 24
8.7%
Q2 24
9.3%
Capex Intensity
BRX
BRX
SPB
SPB
Q1 26
3.4%
Q4 25
1.2%
Q3 25
1.8%
Q2 25
1.4%
Q1 25
1.4%
Q4 24
0.8%
Q3 24
1.7%
Q2 24
1.3%
Cash Conversion
BRX
BRX
SPB
SPB
Q1 26
Q4 25
4.75×
2.37×
Q3 25
1.79×
3.08×
Q2 25
2.13×
4.11×
Q1 25
1.87×
25.67×
Q4 24
7.49×
-3.08×
Q3 24
1.63×
2.83×
Q2 24
2.62×
13.56×

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%

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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