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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and FIRST INDUSTRIAL REALTY TRUST INC (FR). Click either name above to swap in a different company.

FIRST INDUSTRIAL REALTY TRUST INC is the larger business by last-quarter revenue ($194.8M vs $115.1M, roughly 1.7× FLEXSTEEL INDUSTRIES INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 17.7%, a 58.2% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 1.0%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

FLXS vs FR — Head-to-Head

Bigger by revenue
FR
FR
1.7× larger
FR
$194.8M
$115.1M
FLXS
Growing faster (revenue YoY)
FR
FR
+9.0% gap
FR
10.0%
1.0%
FLXS
Higher net margin
FR
FR
58.2% more per $
FR
75.9%
17.7%
FLXS
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
FLXS
FLXS
FR
FR
Revenue
$115.1M
$194.8M
Net Profit
$20.4M
$147.9M
Gross Margin
22.6%
Operating Margin
Net Margin
17.7%
75.9%
Revenue YoY
1.0%
10.0%
Net Profit YoY
116.0%
179.7%
EPS (diluted)
$1.14
$1.08

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
FLXS
FLXS
FR
FR
Q3 26
$115.1M
Q1 26
$194.8M
Q4 25
$118.2M
$188.4M
Q3 25
$110.4M
$181.4M
Q2 25
$114.6M
$180.2M
Q1 25
$114.0M
$177.1M
Q4 24
$108.5M
$175.6M
Q3 24
$104.0M
$167.6M
Net Profit
FLXS
FLXS
FR
FR
Q3 26
$20.4M
Q1 26
$147.9M
Q4 25
$6.6M
$78.8M
Q3 25
$7.3M
$65.3M
Q2 25
$10.7M
$55.2M
Q1 25
$-3.7M
$48.1M
Q4 24
$9.1M
$68.4M
Q3 24
$4.1M
$99.4M
Gross Margin
FLXS
FLXS
FR
FR
Q3 26
22.6%
Q1 26
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Operating Margin
FLXS
FLXS
FR
FR
Q3 26
Q1 26
Q4 25
7.6%
34.6%
Q3 25
8.1%
37.0%
Q2 25
12.2%
31.7%
Q1 25
-4.4%
31.2%
Q4 24
10.7%
40.1%
Q3 24
5.8%
62.6%
Net Margin
FLXS
FLXS
FR
FR
Q3 26
17.7%
Q1 26
75.9%
Q4 25
5.6%
41.8%
Q3 25
6.6%
36.0%
Q2 25
9.3%
30.6%
Q1 25
-3.3%
27.2%
Q4 24
8.3%
39.0%
Q3 24
4.0%
59.3%
EPS (diluted)
FLXS
FLXS
FR
FR
Q3 26
$1.14
Q1 26
$1.08
Q4 25
$1.18
$0.60
Q3 25
$1.31
$0.49
Q2 25
$1.90
$0.42
Q1 25
$-0.71
$0.36
Q4 24
$1.62
$0.51
Q3 24
$0.74
$0.75

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
FR
FR
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
$2.9B
Total Assets
$290.2M
$5.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
FR
FR
Q3 26
$57.3M
Q1 26
Q4 25
$36.8M
$78.0M
Q3 25
$38.6M
$33.5M
Q2 25
$40.0M
$34.9M
Q1 25
$22.6M
$35.7M
Q4 24
$11.8M
$44.5M
Q3 24
$5.7M
$47.1M
Stockholders' Equity
FLXS
FLXS
FR
FR
Q3 26
$185.3M
Q1 26
$2.9B
Q4 25
$178.9M
$2.7B
Q3 25
$172.2M
$2.7B
Q2 25
$167.9M
$2.6B
Q1 25
$158.1M
$2.7B
Q4 24
$161.9M
$2.7B
Q3 24
$154.7M
$2.6B
Total Assets
FLXS
FLXS
FR
FR
Q3 26
$290.2M
Q1 26
$5.8B
Q4 25
$290.2M
$5.7B
Q3 25
$281.5M
$5.5B
Q2 25
$282.5M
$5.5B
Q1 25
$266.1M
$5.4B
Q4 24
$271.5M
$5.3B
Q3 24
$268.7M
$5.2B

Cash Flow & Capital Efficiency

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

Metric
FLXS
FLXS
FR
FR
Operating Cash FlowLast quarter
$27.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
FR
FR
Q3 26
$27.2M
Q1 26
Q4 25
$1.0M
$461.3M
Q3 25
$4.1M
$124.6M
Q2 25
$15.6M
$126.1M
Q1 25
$12.3M
$88.6M
Q4 24
$6.7M
$352.5M
Q3 24
$2.4M
$105.5M
Free Cash Flow
FLXS
FLXS
FR
FR
Q3 26
Q1 26
Q4 25
$-735.0K
Q3 25
$2.8M
Q2 25
$15.1M
Q1 25
$10.9M
Q4 24
$5.8M
Q3 24
$2.0M
FCF Margin
FLXS
FLXS
FR
FR
Q3 26
Q1 26
Q4 25
-0.6%
Q3 25
2.5%
Q2 25
13.1%
Q1 25
9.6%
Q4 24
5.3%
Q3 24
1.9%
Capex Intensity
FLXS
FLXS
FR
FR
Q3 26
Q1 26
Q4 25
1.5%
Q3 25
1.2%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
0.8%
Q3 24
0.4%
Cash Conversion
FLXS
FLXS
FR
FR
Q3 26
1.33×
Q1 26
Q4 25
0.15×
5.85×
Q3 25
0.56×
1.91×
Q2 25
1.46×
2.28×
Q1 25
1.84×
Q4 24
0.74×
5.15×
Q3 24
0.58×
1.06×

Financial Flow Comparison

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

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