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Side-by-side financial comparison of Digital Realty (DLR) and Fabrinet (FN). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 6.0%, a 3.9% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 16.1%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 9.8%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

DLR vs FN — Head-to-Head

Bigger by revenue
DLR
DLR
1.4× larger
DLR
$1.6B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+19.8% gap
FN
35.9%
16.1%
DLR
Higher net margin
FN
FN
3.9% more per $
FN
9.9%
6.0%
DLR
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
9.8%
DLR

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
DLR
DLR
FN
FN
Revenue
$1.6B
$1.1B
Net Profit
$98.6M
$112.6M
Gross Margin
12.2%
Operating Margin
6.9%
10.1%
Net Margin
6.0%
9.9%
Revenue YoY
16.1%
35.9%
Net Profit YoY
-10.3%
30.0%
EPS (diluted)
$0.22
$3.11

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
DLR
DLR
FN
FN
Q1 26
$1.6B
Q4 25
$1.6B
$1.1B
Q3 25
$1.6B
$978.1M
Q2 25
$1.5B
$909.7M
Q1 25
$1.4B
$871.8M
Q4 24
$1.4B
$833.6M
Q3 24
$1.4B
$804.2M
Q2 24
$1.4B
$753.3M
Net Profit
DLR
DLR
FN
FN
Q1 26
$98.6M
Q4 25
$98.6M
$112.6M
Q3 25
$67.8M
$95.9M
Q2 25
$1.0B
$87.2M
Q1 25
$110.0M
$81.3M
Q4 24
$189.6M
$86.6M
Q3 24
$51.2M
$77.4M
Q2 24
$80.2M
$81.1M
Gross Margin
DLR
DLR
FN
FN
Q1 26
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Operating Margin
DLR
DLR
FN
FN
Q1 26
6.9%
Q4 25
6.9%
10.1%
Q3 25
8.8%
9.6%
Q2 25
14.2%
9.8%
Q1 25
13.9%
9.0%
Q4 24
10.1%
9.5%
Q3 24
11.8%
9.6%
Q2 24
0.7%
9.7%
Net Margin
DLR
DLR
FN
FN
Q1 26
6.0%
Q4 25
6.0%
9.9%
Q3 25
4.3%
9.8%
Q2 25
69.1%
9.6%
Q1 25
7.8%
9.3%
Q4 24
13.2%
10.4%
Q3 24
3.6%
9.6%
Q2 24
5.9%
10.8%
EPS (diluted)
DLR
DLR
FN
FN
Q1 26
$0.22
Q4 25
$0.22
$3.11
Q3 25
$0.15
$2.66
Q2 25
$2.94
$2.41
Q1 25
$0.27
$2.25
Q4 24
$0.50
$2.38
Q3 24
$0.09
$2.13
Q2 24
$0.20
$2.22

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
FN
FN
Cash + ST InvestmentsLiquidity on hand
$3.5B
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.9B
$2.2B
Total Assets
$49.4B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
FN
FN
Q1 26
$3.5B
Q4 25
$3.5B
$960.8M
Q3 25
$3.3B
$968.8M
Q2 25
$3.6B
$934.2M
Q1 25
$2.3B
$950.7M
Q4 24
$3.9B
$934.6M
Q3 24
$2.2B
$908.9M
Q2 24
$2.3B
$858.6M
Stockholders' Equity
DLR
DLR
FN
FN
Q1 26
$22.9B
Q4 25
$22.9B
$2.2B
Q3 25
$23.0B
$2.1B
Q2 25
$22.9B
$2.0B
Q1 25
$21.3B
$1.9B
Q4 24
$21.3B
$1.8B
Q3 24
$21.2B
$1.8B
Q2 24
$20.5B
$1.7B
Total Assets
DLR
DLR
FN
FN
Q1 26
$49.4B
Q4 25
$49.4B
$3.3B
Q3 25
$48.7B
$3.0B
Q2 25
$48.7B
$2.8B
Q1 25
$45.1B
$2.6B
Q4 24
$45.3B
$2.5B
Q3 24
$45.3B
$2.4B
Q2 24
$43.6B
$2.3B

Cash Flow & Capital Efficiency

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

Metric
DLR
DLR
FN
FN
Operating Cash FlowLast quarter
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLR
DLR
FN
FN
Q1 26
Q4 25
$719.0M
$46.3M
Q3 25
$652.9M
$102.6M
Q2 25
$641.2M
$55.1M
Q1 25
$399.1M
$74.2M
Q4 24
$769.5M
$115.9M
Q3 24
$566.5M
$83.2M
Q2 24
$573.2M
$83.1M
Free Cash Flow
DLR
DLR
FN
FN
Q1 26
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
FCF Margin
DLR
DLR
FN
FN
Q1 26
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Capex Intensity
DLR
DLR
FN
FN
Q1 26
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Cash Conversion
DLR
DLR
FN
FN
Q1 26
Q4 25
7.29×
0.41×
Q3 25
9.63×
1.07×
Q2 25
0.62×
0.63×
Q1 25
3.63×
0.91×
Q4 24
4.06×
1.34×
Q3 24
11.07×
1.07×
Q2 24
7.15×
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLR
DLR

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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