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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $336.0M, roughly 1.5× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -10.1%, a 48.7% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 8.7%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 6.5%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
CLOV vs FRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $336.0M |
| Net Profit | $-49.3M | $129.7M |
| Gross Margin | — | — |
| Operating Margin | -10.1% | 53.8% |
| Net Margin | -10.1% | 38.6% |
| Revenue YoY | 44.7% | 8.7% |
| Net Profit YoY | -123.2% | 103.5% |
| EPS (diluted) | — | $1.49 |
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.
| Q1 26 | — | $336.0M | ||
| Q4 25 | $487.7M | $336.0M | ||
| Q3 25 | $496.6M | $322.3M | ||
| Q2 25 | $477.6M | $311.5M | ||
| Q1 25 | $462.3M | $309.2M | ||
| Q4 24 | $337.0M | $311.4M | ||
| Q3 24 | $331.0M | $303.6M | ||
| Q2 24 | $356.3M | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | $-49.3M | $129.7M | ||
| Q3 25 | $-24.4M | $61.6M | ||
| Q2 25 | $-10.6M | $155.9M | ||
| Q1 25 | $-1.3M | $63.8M | ||
| Q4 24 | $-22.1M | $65.5M | ||
| Q3 24 | $-9.2M | $61.0M | ||
| Q2 24 | $7.4M | $112.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — |
| Q1 26 | — | 53.8% | ||
| Q4 25 | -10.1% | 53.8% | ||
| Q3 25 | -4.9% | 34.3% | ||
| Q2 25 | -2.2% | 65.1% | ||
| Q1 25 | -0.3% | 35.0% | ||
| Q4 24 | -6.4% | 35.1% | ||
| Q3 24 | -2.7% | 34.9% | ||
| Q2 24 | 2.0% | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | -10.1% | 38.6% | ||
| Q3 25 | -4.9% | 19.1% | ||
| Q2 25 | -2.2% | 50.0% | ||
| Q1 25 | -0.3% | 20.6% | ||
| Q4 24 | -6.6% | 21.0% | ||
| Q3 24 | -2.8% | 20.1% | ||
| Q2 24 | 2.1% | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $0.69 | ||
| Q2 25 | — | $1.78 | ||
| Q1 25 | — | $0.72 | ||
| Q4 24 | — | $0.74 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $1.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.3M | $107.4M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $308.7M | $3.2B |
| Total Assets | $541.0M | $9.1B |
| Debt / EquityLower = less leverage | — | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | $78.3M | $107.4M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $177.0M | ||
| Q1 25 | — | $109.2M | ||
| Q4 24 | $194.5M | $123.4M | ||
| Q3 24 | $288.0M | $97.0M | ||
| Q2 24 | $254.8M | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $308.7M | $3.2B | ||
| Q3 25 | $340.9M | $3.2B | ||
| Q2 25 | $344.2M | $3.2B | ||
| Q1 25 | $336.1M | $3.2B | ||
| Q4 24 | $341.1M | $3.2B | ||
| Q3 24 | $342.2M | $3.1B | ||
| Q2 24 | $324.9M | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | $541.0M | $9.1B | ||
| Q3 25 | $559.7M | $8.9B | ||
| Q2 25 | $575.0M | $8.6B | ||
| Q1 25 | $583.7M | $8.6B | ||
| Q4 24 | $580.7M | $8.5B | ||
| Q3 24 | $653.0M | $8.5B | ||
| Q2 24 | $674.2M | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.42× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-66.9M | — |
| Free Cash FlowOCF − Capex | $-69.0M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-66.9M | $622.4M | ||
| Q3 25 | $12.1M | $147.8M | ||
| Q2 25 | $5.4M | $150.7M | ||
| Q1 25 | $-16.3M | $179.0M | ||
| Q4 24 | $34.8M | $574.6M | ||
| Q3 24 | $50.0M | $144.1M | ||
| Q2 24 | $44.8M | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-69.0M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $-16.5M | — | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $44.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | -14.1% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 12.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | — | 8.77× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | 6.04× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
