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Side-by-side financial comparison of DELUXE CORP (DLX) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $336.0M, roughly 1.6× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 2.2%, a 36.4% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 2.8%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 0.0%).

Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...

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.

DLX vs FRT — Head-to-Head

Bigger by revenue
DLX
DLX
1.6× larger
DLX
$535.2M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+5.9% gap
FRT
8.7%
2.8%
DLX
Higher net margin
FRT
FRT
36.4% more per $
FRT
38.6%
2.2%
DLX
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
0.0%
DLX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DLX
DLX
FRT
FRT
Revenue
$535.2M
$336.0M
Net Profit
$12.0M
$129.7M
Gross Margin
52.2%
Operating Margin
8.9%
53.8%
Net Margin
2.2%
38.6%
Revenue YoY
2.8%
8.7%
Net Profit YoY
-5.0%
103.5%
EPS (diluted)
$0.25
$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.

Revenue
DLX
DLX
FRT
FRT
Q1 26
$336.0M
Q4 25
$535.2M
$336.0M
Q3 25
$540.2M
$322.3M
Q2 25
$521.3M
$311.5M
Q1 25
$536.5M
$309.2M
Q4 24
$520.6M
$311.4M
Q3 24
$528.4M
$303.6M
Q2 24
$537.8M
$296.1M
Net Profit
DLX
DLX
FRT
FRT
Q1 26
$129.7M
Q4 25
$12.0M
$129.7M
Q3 25
$33.7M
$61.6M
Q2 25
$22.4M
$155.9M
Q1 25
$14.0M
$63.8M
Q4 24
$12.6M
$65.5M
Q3 24
$8.9M
$61.0M
Q2 24
$20.5M
$112.0M
Gross Margin
DLX
DLX
FRT
FRT
Q1 26
Q4 25
52.2%
Q3 25
53.9%
Q2 25
53.6%
Q1 25
52.4%
Q4 24
52.3%
Q3 24
53.3%
Q2 24
53.7%
Operating Margin
DLX
DLX
FRT
FRT
Q1 26
53.8%
Q4 25
8.9%
53.8%
Q3 25
14.0%
34.3%
Q2 25
11.7%
65.1%
Q1 25
9.0%
35.0%
Q4 24
9.0%
35.1%
Q3 24
7.9%
34.9%
Q2 24
11.0%
53.0%
Net Margin
DLX
DLX
FRT
FRT
Q1 26
38.6%
Q4 25
2.2%
38.6%
Q3 25
6.2%
19.1%
Q2 25
4.3%
50.0%
Q1 25
2.6%
20.6%
Q4 24
2.4%
21.0%
Q3 24
1.7%
20.1%
Q2 24
3.8%
37.8%
EPS (diluted)
DLX
DLX
FRT
FRT
Q1 26
$1.49
Q4 25
$0.25
$1.49
Q3 25
$0.74
$0.69
Q2 25
$0.50
$1.78
Q1 25
$0.31
$0.72
Q4 24
$0.28
$0.74
Q3 24
$0.20
$0.70
Q2 24
$0.46
$1.32

Balance Sheet & Financial Strength

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

Metric
DLX
DLX
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$36.9M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$680.7M
$3.2B
Total Assets
$2.9B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLX
DLX
FRT
FRT
Q1 26
$107.4M
Q4 25
$36.9M
$107.4M
Q3 25
$25.8M
$111.3M
Q2 25
$26.0M
$177.0M
Q1 25
$30.3M
$109.2M
Q4 24
$34.4M
$123.4M
Q3 24
$41.3M
$97.0M
Q2 24
$23.1M
$103.2M
Total Debt
DLX
DLX
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
DLX
DLX
FRT
FRT
Q1 26
$3.2B
Q4 25
$680.7M
$3.2B
Q3 25
$664.1M
$3.2B
Q2 25
$638.7M
$3.2B
Q1 25
$622.5M
$3.2B
Q4 24
$620.9M
$3.2B
Q3 24
$612.7M
$3.1B
Q2 24
$620.5M
$3.0B
Total Assets
DLX
DLX
FRT
FRT
Q1 26
$9.1B
Q4 25
$2.9B
$9.1B
Q3 25
$2.6B
$8.9B
Q2 25
$2.5B
$8.6B
Q1 25
$2.6B
$8.6B
Q4 24
$2.8B
$8.5B
Q3 24
$2.6B
$8.5B
Q2 24
$2.7B
$8.4B
Debt / Equity
DLX
DLX
FRT
FRT
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
DLX
DLX
FRT
FRT
Operating Cash FlowLast quarter
$102.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
8.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLX
DLX
FRT
FRT
Q1 26
Q4 25
$102.1M
$622.4M
Q3 25
$67.1M
$147.8M
Q2 25
$51.1M
$150.7M
Q1 25
$50.3M
$179.0M
Q4 24
$60.2M
$574.6M
Q3 24
$67.9M
$144.1M
Q2 24
$39.6M
$169.7M
Free Cash Flow
DLX
DLX
FRT
FRT
Q1 26
Q4 25
Q3 25
Q2 25
$27.8M
Q1 25
$24.3M
Q4 24
Q3 24
$46.7M
Q2 24
$11.4M
FCF Margin
DLX
DLX
FRT
FRT
Q1 26
Q4 25
Q3 25
Q2 25
5.3%
Q1 25
4.5%
Q4 24
Q3 24
8.8%
Q2 24
2.1%
Capex Intensity
DLX
DLX
FRT
FRT
Q1 26
Q4 25
Q3 25
Q2 25
4.5%
Q1 25
4.8%
Q4 24
Q3 24
4.0%
Q2 24
5.2%
Cash Conversion
DLX
DLX
FRT
FRT
Q1 26
Q4 25
8.53×
4.80×
Q3 25
1.99×
2.40×
Q2 25
2.28×
0.97×
Q1 25
3.59×
2.81×
Q4 24
4.77×
8.77×
Q3 24
7.60×
2.36×
Q2 24
1.94×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLX
DLX

Services$247.9M46%
B2B Payments$76.3M14%
Datadrivenmarketingsolutions$68.5M13%
Promotional Solutions Revenue$60.9M11%
Treasurymanagementsolutions$59.8M11%
Other$17.3M3%
Other Web Based Solutions$4.6M1%

FRT
FRT

Segment breakdown not available.

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