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Side-by-side financial comparison of DigitalBridge Group, Inc. (DBRG) and FRIEDMAN INDUSTRIES INC (FRD). Click either name above to swap in a different company.

FRIEDMAN INDUSTRIES INC is the larger business by last-quarter revenue ($168.0M vs $105.7M, roughly 1.6× DigitalBridge Group, Inc.). DigitalBridge Group, Inc. runs the higher net margin — 61.5% vs 1.8%, a 59.7% gap on every dollar of revenue. On growth, FRIEDMAN INDUSTRIES INC posted the faster year-over-year revenue change (78.6% vs 4.1%). DigitalBridge Group, Inc. produced more free cash flow last quarter ($258.0M vs $-6.3M). Over the past eight quarters, DigitalBridge Group, Inc.'s revenue compounded faster (19.2% CAGR vs 13.3%).

DigitalBridge Group, Inc. is a global digital infrastructure investment firm. The company owns, invests in and operates businesses such as cell towers, data centers, fiber, small cells, and edge infrastructure. Headquartered in Boca Raton, DigitalBridge has offices in Los Angeles, New York, Denver, London, and Singapore. As of June 2025, DigitalBridge had US$106 billion of assets under management.

Hellman & Friedman (H&F) is an American private equity firm founded in 1984 by Warren Hellman and Tully Friedman that makes investments primarily through leveraged buyouts as well as growth capital investments. It has focused its efforts on several core target industries including media, financial services, professional services and information services.

DBRG vs FRD — Head-to-Head

Bigger by revenue
FRD
FRD
1.6× larger
FRD
$168.0M
$105.7M
DBRG
Growing faster (revenue YoY)
FRD
FRD
+74.4% gap
FRD
78.6%
4.1%
DBRG
Higher net margin
DBRG
DBRG
59.7% more per $
DBRG
61.5%
1.8%
FRD
More free cash flow
DBRG
DBRG
$264.3M more FCF
DBRG
$258.0M
$-6.3M
FRD
Faster 2-yr revenue CAGR
DBRG
DBRG
Annualised
DBRG
19.2%
13.3%
FRD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DBRG
DBRG
FRD
FRD
Revenue
$105.7M
$168.0M
Net Profit
$65.1M
$3.0M
Gross Margin
2.3%
Operating Margin
2.3%
Net Margin
61.5%
1.8%
Revenue YoY
4.1%
78.6%
Net Profit YoY
364.1%
EPS (diluted)
$0.28
$0.43

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
DBRG
DBRG
FRD
FRD
Q4 25
$105.7M
$168.0M
Q3 25
$93.3M
$152.4M
Q2 25
$85.3M
$134.8M
Q1 25
$90.1M
Q4 24
$101.6M
$94.1M
Q3 24
$76.6M
$106.8M
Q2 24
$390.3M
$114.6M
Q1 24
$74.4M
Net Profit
DBRG
DBRG
FRD
FRD
Q4 25
$65.1M
$3.0M
Q3 25
$31.4M
$2.2M
Q2 25
$31.6M
$5.0M
Q1 25
$13.8M
Q4 24
$-1.2M
Q3 24
$13.8M
$-675.0K
Q2 24
$91.4M
$2.6M
Q1 24
$-29.6M
Gross Margin
DBRG
DBRG
FRD
FRD
Q4 25
2.3%
Q3 25
1.9%
Q2 25
5.2%
Q1 25
Q4 24
Q3 24
-0.2%
Q2 24
-1.2%
Q1 24
Operating Margin
DBRG
DBRG
FRD
FRD
Q4 25
2.3%
Q3 25
-13.9%
1.9%
Q2 25
-31.2%
5.2%
Q1 25
-11.5%
Q4 24
5.7%
-1.3%
Q3 24
62.4%
-0.2%
Q2 24
33.5%
-1.2%
Q1 24
-20.7%
Net Margin
DBRG
DBRG
FRD
FRD
Q4 25
61.5%
1.8%
Q3 25
33.7%
1.5%
Q2 25
37.1%
3.7%
Q1 25
15.3%
Q4 24
-1.2%
Q3 24
18.0%
-0.6%
Q2 24
23.4%
2.2%
Q1 24
-39.8%
EPS (diluted)
DBRG
DBRG
FRD
FRD
Q4 25
$0.28
$0.43
Q3 25
$0.09
$0.32
Q2 25
$0.10
$0.71
Q1 25
$-0.01
Q4 24
$-0.17
Q3 24
$-0.01
$-0.10
Q2 24
$0.44
$0.37
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
DBRG
DBRG
FRD
FRD
Cash + ST InvestmentsLiquidity on hand
$382.5M
$3.0M
Total DebtLower is stronger
$298.8M
Stockholders' EquityBook value
$2.1B
$142.2M
Total Assets
$3.4B
$311.9M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBRG
DBRG
FRD
FRD
Q4 25
$382.5M
$3.0M
Q3 25
$358.4M
$4.6M
Q2 25
$340.7M
$2.1M
Q1 25
$349.9M
Q4 24
$302.2M
$1.1M
Q3 24
$294.4M
$2.5M
Q2 24
$261.2M
$4.1M
Q1 24
$247.4M
Total Debt
DBRG
DBRG
FRD
FRD
Q4 25
$298.8M
Q3 25
$327.9M
Q2 25
$298.0M
Q1 25
$296.9M
Q4 24
$296.4M
Q3 24
$295.8M
Q2 24
$295.3M
Q1 24
$366.5M
Stockholders' Equity
DBRG
DBRG
FRD
FRD
Q4 25
$2.1B
$142.2M
Q3 25
$2.1B
$139.3M
Q2 25
$2.0B
$137.3M
Q1 25
$2.0B
Q4 24
$2.0B
$127.3M
Q3 24
$2.0B
$128.8M
Q2 24
$2.0B
$129.7M
Q1 24
$1.8B
Total Assets
DBRG
DBRG
FRD
FRD
Q4 25
$3.4B
$311.9M
Q3 25
$3.5B
$311.3M
Q2 25
$3.4B
$219.1M
Q1 25
$3.4B
Q4 24
$3.5B
$210.3M
Q3 24
$3.5B
$209.2M
Q2 24
$3.5B
$222.8M
Q1 24
$3.5B
Debt / Equity
DBRG
DBRG
FRD
FRD
Q4 25
0.14×
Q3 25
0.16×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
DBRG
DBRG
FRD
FRD
Operating Cash FlowLast quarter
$259.3M
$-4.7M
Free Cash FlowOCF − Capex
$258.0M
$-6.3M
FCF MarginFCF / Revenue
244.0%
-3.8%
Capex IntensityCapex / Revenue
1.3%
1.0%
Cash ConversionOCF / Net Profit
3.99×
-1.56×
TTM Free Cash FlowTrailing 4 quarters
$440.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBRG
DBRG
FRD
FRD
Q4 25
$259.3M
$-4.7M
Q3 25
$56.5M
$434.0K
Q2 25
$77.0M
$15.5M
Q1 25
$50.3M
Q4 24
$60.1M
Q3 24
$35.9M
Q2 24
$22.5M
$-6.1M
Q1 24
$-27.0M
Free Cash Flow
DBRG
DBRG
FRD
FRD
Q4 25
$258.0M
$-6.3M
Q3 25
$56.1M
$-2.0M
Q2 25
$76.4M
$13.7M
Q1 25
$50.0M
Q4 24
$56.5M
Q3 24
Q2 24
$22.3M
$-7.1M
Q1 24
$-30.1M
FCF Margin
DBRG
DBRG
FRD
FRD
Q4 25
244.0%
-3.8%
Q3 25
60.2%
-1.3%
Q2 25
89.5%
10.2%
Q1 25
55.5%
Q4 24
55.7%
Q3 24
Q2 24
5.7%
-6.2%
Q1 24
-40.4%
Capex Intensity
DBRG
DBRG
FRD
FRD
Q4 25
1.3%
1.0%
Q3 25
0.4%
1.6%
Q2 25
0.7%
1.3%
Q1 25
0.3%
Q4 24
3.5%
Q3 24
0.0%
Q2 24
0.1%
0.9%
Q1 24
4.1%
Cash Conversion
DBRG
DBRG
FRD
FRD
Q4 25
3.99×
-1.56×
Q3 25
1.80×
0.19×
Q2 25
2.43×
3.08×
Q1 25
3.65×
Q4 24
Q3 24
2.61×
Q2 24
0.25×
-2.36×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DBRG
DBRG

Segment breakdown not available.

FRD
FRD

Prime Coil$152.0M90%
Manufactured Pipe$14.9M9%
Customer Owned$1.1M1%

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