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Side-by-side financial comparison of Digital Realty (DLR) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.4× UPBOUND GROUP, INC.). Digital Realty runs the higher net margin — 6.0% vs 1.7%, a 4.4% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 10.9%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 4.5%).

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.

Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.

DLR vs UPBD — Head-to-Head

Bigger by revenue
DLR
DLR
1.4× larger
DLR
$1.6B
$1.2B
UPBD
Growing faster (revenue YoY)
DLR
DLR
+5.3% gap
DLR
16.1%
10.9%
UPBD
Higher net margin
DLR
DLR
4.4% more per $
DLR
6.0%
1.7%
UPBD
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
4.5%
UPBD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
UPBD
UPBD
Revenue
$1.6B
$1.2B
Net Profit
$98.6M
$19.7M
Gross Margin
49.0%
Operating Margin
6.9%
4.8%
Net Margin
6.0%
1.7%
Revenue YoY
16.1%
10.9%
Net Profit YoY
-10.3%
-36.3%
EPS (diluted)
$0.22
$0.35

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
UPBD
UPBD
Q1 26
$1.6B
Q4 25
$1.6B
$1.2B
Q3 25
$1.6B
$1.2B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$1.4B
$1.1B
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
$1.1B
Net Profit
DLR
DLR
UPBD
UPBD
Q1 26
$98.6M
Q4 25
$98.6M
$19.7M
Q3 25
$67.8M
$13.2M
Q2 25
$1.0B
$15.5M
Q1 25
$110.0M
$24.8M
Q4 24
$189.6M
$31.0M
Q3 24
$51.2M
$30.9M
Q2 24
$80.2M
$33.9M
Gross Margin
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
49.0%
Q3 25
48.3%
Q2 25
49.4%
Q1 25
46.8%
Q4 24
47.1%
Q3 24
47.8%
Q2 24
49.4%
Operating Margin
DLR
DLR
UPBD
UPBD
Q1 26
6.9%
Q4 25
6.9%
4.8%
Q3 25
8.8%
4.5%
Q2 25
14.2%
4.4%
Q1 25
13.9%
5.3%
Q4 24
10.1%
7.3%
Q3 24
11.8%
6.6%
Q2 24
0.7%
7.5%
Net Margin
DLR
DLR
UPBD
UPBD
Q1 26
6.0%
Q4 25
6.0%
1.7%
Q3 25
4.3%
1.1%
Q2 25
69.1%
1.3%
Q1 25
7.8%
2.1%
Q4 24
13.2%
2.9%
Q3 24
3.6%
2.9%
Q2 24
5.9%
3.2%
EPS (diluted)
DLR
DLR
UPBD
UPBD
Q1 26
$0.22
Q4 25
$0.22
$0.35
Q3 25
$0.15
$0.22
Q2 25
$2.94
$0.26
Q1 25
$0.27
$0.42
Q4 24
$0.50
$0.55
Q3 24
$0.09
$0.55
Q2 24
$0.20
$0.61

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
UPBD
UPBD
Cash + ST InvestmentsLiquidity on hand
$3.5B
$120.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$22.9B
$695.7M
Total Assets
$49.4B
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
UPBD
UPBD
Q1 26
$3.5B
Q4 25
$3.5B
$120.5M
Q3 25
$3.3B
$107.0M
Q2 25
$3.6B
$106.8M
Q1 25
$2.3B
$107.3M
Q4 24
$3.9B
$60.9M
Q3 24
$2.2B
$85.1M
Q2 24
$2.3B
$82.5M
Stockholders' Equity
DLR
DLR
UPBD
UPBD
Q1 26
$22.9B
Q4 25
$22.9B
$695.7M
Q3 25
$23.0B
$687.3M
Q2 25
$22.9B
$685.5M
Q1 25
$21.3B
$679.2M
Q4 24
$21.3B
$629.0M
Q3 24
$21.2B
$611.8M
Q2 24
$20.5B
$596.3M
Total Assets
DLR
DLR
UPBD
UPBD
Q1 26
$49.4B
Q4 25
$49.4B
$3.3B
Q3 25
$48.7B
$3.2B
Q2 25
$48.7B
$3.1B
Q1 25
$45.1B
$3.0B
Q4 24
$45.3B
$2.6B
Q3 24
$45.3B
$2.6B
Q2 24
$43.6B
$2.6B

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
UPBD
UPBD
Operating Cash FlowLast quarter
$41.6M
Free Cash FlowOCF − Capex
$24.0M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
2.11×
TTM Free Cash FlowTrailing 4 quarters
$238.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
$719.0M
$41.6M
Q3 25
$652.9M
$118.4M
Q2 25
$641.2M
$7.8M
Q1 25
$399.1M
$137.7M
Q4 24
$769.5M
$-61.9M
Q3 24
$566.5M
$106.2M
Q2 24
$573.2M
$15.0M
Free Cash Flow
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
$24.0M
Q3 25
$97.9M
Q2 25
$-10.4M
Q1 25
$127.2M
Q4 24
$-74.0M
Q3 24
$88.3M
Q2 24
$613.0K
FCF Margin
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
2.0%
Q3 25
8.4%
Q2 25
-0.9%
Q1 25
10.8%
Q4 24
-6.9%
Q3 24
8.3%
Q2 24
0.1%
Capex Intensity
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
1.5%
Q3 25
1.8%
Q2 25
1.6%
Q1 25
0.9%
Q4 24
1.1%
Q3 24
1.7%
Q2 24
1.3%
Cash Conversion
DLR
DLR
UPBD
UPBD
Q1 26
Q4 25
7.29×
2.11×
Q3 25
9.63×
8.96×
Q2 25
0.62×
0.50×
Q1 25
3.63×
5.56×
Q4 24
4.06×
-2.00×
Q3 24
11.07×
3.44×
Q2 24
7.15×
0.44×

Financial Flow Comparison

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

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