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Side-by-side financial comparison of AMERICOLD REALTY TRUST (COLD) and Nomad Foods Ltd (NOMD). Click either name above to swap in a different company.

Nomad Foods Ltd is the larger business by last-quarter revenue ($834.9M vs $577.9M, roughly 1.4× AMERICOLD REALTY TRUST). On growth, AMERICOLD REALTY TRUST posted the faster year-over-year revenue change (-1.2% vs -2.6%).

Americold Realty Trust, Inc. is an American temperature controlled warehousing and transportation company based in Atlanta, Georgia, United States. It is in the business of modern commercialized temperature controlled warehousing for the storage of perishable goods via a cold chain, one of the forms of food preservation. Americold is the 2nd largest temperature-controlled warehousing and distribution services provider in the world.

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

COLD vs NOMD — Head-to-Head

Bigger by revenue
NOMD
NOMD
1.4× larger
NOMD
$834.9M
$577.9M
COLD
Growing faster (revenue YoY)
COLD
COLD
+1.3% gap
COLD
-1.2%
-2.6%
NOMD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
COLD
COLD
NOMD
NOMD
Revenue
$577.9M
$834.9M
Net Profit
$-13.7M
Gross Margin
25.6%
Operating Margin
2.5%
9.1%
Net Margin
-2.4%
Revenue YoY
-1.2%
-2.6%
Net Profit YoY
16.9%
EPS (diluted)
$-0.05

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
COLD
COLD
NOMD
NOMD
Q1 26
$577.9M
Q4 25
$643.1M
$834.9M
Q3 25
$649.0M
Q2 25
$635.1M
Q1 25
$613.7M
Q4 24
$647.4M
$856.9M
Q3 24
$660.4M
Q2 24
$645.6M
Net Profit
COLD
COLD
NOMD
NOMD
Q1 26
$-13.7M
Q4 25
$-88.3M
Q3 25
$-11.4M
Q2 25
$1.5M
Q1 25
$-16.4M
Q4 24
$-36.2M
$55.5M
Q3 24
$-3.7M
Q2 24
$-64.1M
Gross Margin
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
31.3%
25.6%
Q3 25
29.3%
Q2 25
30.9%
Q1 25
31.1%
Q4 24
29.7%
28.5%
Q3 24
29.6%
Q2 24
31.0%
Operating Margin
COLD
COLD
NOMD
NOMD
Q1 26
2.5%
Q4 25
-10.8%
9.1%
Q3 25
2.6%
Q2 25
5.9%
Q1 25
3.6%
Q4 24
-1.8%
11.5%
Q3 24
4.6%
Q2 24
9.8%
Net Margin
COLD
COLD
NOMD
NOMD
Q1 26
-2.4%
Q4 25
-13.7%
Q3 25
-1.8%
Q2 25
0.2%
Q1 25
-2.7%
Q4 24
-5.6%
6.5%
Q3 24
-0.6%
Q2 24
-9.9%
EPS (diluted)
COLD
COLD
NOMD
NOMD
Q1 26
$-0.05
Q4 25
$-0.31
Q3 25
$-0.04
Q2 25
$0.01
Q1 25
$-0.06
Q4 24
$-0.12
Q3 24
$-0.01
Q2 24
$-0.23

Balance Sheet & Financial Strength

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

Metric
COLD
COLD
NOMD
NOMD
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$2.8B
$2.7B
Total Assets
$8.1B
$6.8B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
$136.9M
Q3 25
$33.3M
Q2 25
$101.4M
Q1 25
$38.9M
Q4 24
$47.7M
Q3 24
$61.3M
Q2 24
$44.2M
Total Debt
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
$2.5B
Q3 25
Q2 25
Q1 25
Q4 24
$2.4B
Q3 24
Q2 24
Stockholders' Equity
COLD
COLD
NOMD
NOMD
Q1 26
$2.8B
Q4 25
$2.9B
$2.7B
Q3 25
$3.0B
Q2 25
$3.1B
Q1 25
$3.2B
Q4 24
$3.3B
$2.9B
Q3 24
$3.4B
Q2 24
$3.4B
Total Assets
COLD
COLD
NOMD
NOMD
Q1 26
$8.1B
Q4 25
$8.1B
$6.8B
Q3 25
$8.1B
Q2 25
$8.1B
Q1 25
$7.8B
Q4 24
$7.7B
$6.9B
Q3 24
$7.9B
Q2 24
$7.8B
Debt / Equity
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
0.92×
Q3 25
Q2 25
Q1 25
Q4 24
0.82×
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
COLD
COLD
NOMD
NOMD
Operating Cash FlowLast quarter
$39.9M
$357.2M
Free Cash FlowOCF − Capex
$272.4M
FCF MarginFCF / Revenue
32.6%
Capex IntensityCapex / Revenue
2.2%
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLD
COLD
NOMD
NOMD
Q1 26
$39.9M
Q4 25
$130.2M
$357.2M
Q3 25
$78.9M
Q2 25
$120.3M
Q1 25
$30.2M
Q4 24
$162.6M
$470.2M
Q3 24
$50.6M
Q2 24
$136.7M
Free Cash Flow
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
$-12.2M
$272.4M
Q3 25
$-65.4M
Q2 25
$-57.4M
Q1 25
$-82.3M
Q4 24
$57.4M
$383.5M
Q3 24
$-44.5M
Q2 24
$73.3M
FCF Margin
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
-1.9%
32.6%
Q3 25
-10.1%
Q2 25
-9.0%
Q1 25
-13.4%
Q4 24
8.9%
44.8%
Q3 24
-6.7%
Q2 24
11.4%
Capex Intensity
COLD
COLD
NOMD
NOMD
Q1 26
2.2%
Q4 25
22.1%
10.2%
Q3 25
22.2%
Q2 25
28.0%
Q1 25
18.3%
Q4 24
16.3%
10.1%
Q3 24
14.4%
Q2 24
9.8%
Cash Conversion
COLD
COLD
NOMD
NOMD
Q1 26
Q4 25
Q3 25
Q2 25
78.18×
Q1 25
Q4 24
8.47×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLD
COLD

Warehouse services (3)$331.9M57%
Rent and storage$246.1M43%

NOMD
NOMD

Segment breakdown not available.

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