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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and JFrog Ltd (FROG). 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 $145.3M, roughly 1.3× JFrog Ltd). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs -10.5%, a 86.4% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 10.0%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 8.9%).

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.

JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.

FR vs FROG — Head-to-Head

Bigger by revenue
FR
FR
1.3× larger
FR
$194.8M
$145.3M
FROG
Growing faster (revenue YoY)
FROG
FROG
+15.2% gap
FROG
25.2%
10.0%
FR
Higher net margin
FR
FR
86.4% more per $
FR
75.9%
-10.5%
FROG
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
FROG
FROG
Revenue
$194.8M
$145.3M
Net Profit
$147.9M
$-15.2M
Gross Margin
77.9%
Operating Margin
-14.7%
Net Margin
75.9%
-10.5%
Revenue YoY
10.0%
25.2%
Net Profit YoY
179.7%
34.4%
EPS (diluted)
$1.08
$-0.13

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
FR
FR
FROG
FROG
Q1 26
$194.8M
Q4 25
$188.4M
$145.3M
Q3 25
$181.4M
$136.9M
Q2 25
$180.2M
$127.2M
Q1 25
$177.1M
$122.4M
Q4 24
$175.6M
$116.1M
Q3 24
$167.6M
$109.1M
Q2 24
$164.1M
$103.0M
Net Profit
FR
FR
FROG
FROG
Q1 26
$147.9M
Q4 25
$78.8M
$-15.2M
Q3 25
$65.3M
$-16.4M
Q2 25
$55.2M
$-21.7M
Q1 25
$48.1M
$-18.5M
Q4 24
$68.4M
$-23.2M
Q3 24
$99.4M
$-22.9M
Q2 24
$51.3M
$-14.3M
Gross Margin
FR
FR
FROG
FROG
Q1 26
Q4 25
77.9%
Q3 25
77.4%
Q2 25
76.3%
Q1 25
75.3%
Q4 24
75.4%
Q3 24
75.0%
Q2 24
78.8%
Operating Margin
FR
FR
FROG
FROG
Q1 26
Q4 25
34.6%
-14.7%
Q3 25
37.0%
-15.8%
Q2 25
31.7%
-20.4%
Q1 25
31.2%
-18.8%
Q4 24
40.1%
-21.9%
Q3 24
62.6%
-27.4%
Q2 24
31.8%
-18.6%
Net Margin
FR
FR
FROG
FROG
Q1 26
75.9%
Q4 25
41.8%
-10.5%
Q3 25
36.0%
-12.0%
Q2 25
30.6%
-17.0%
Q1 25
27.2%
-15.1%
Q4 24
39.0%
-20.0%
Q3 24
59.3%
-21.0%
Q2 24
31.3%
-13.9%
EPS (diluted)
FR
FR
FROG
FROG
Q1 26
$1.08
Q4 25
$0.60
$-0.13
Q3 25
$0.49
$-0.14
Q2 25
$0.42
$-0.19
Q1 25
$0.36
$-0.16
Q4 24
$0.51
$-0.21
Q3 24
$0.75
$-0.21
Q2 24
$0.39
$-0.13

Balance Sheet & Financial Strength

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

Metric
FR
FR
FROG
FROG
Cash + ST InvestmentsLiquidity on hand
$704.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$887.4M
Total Assets
$5.8B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
FROG
FROG
Q1 26
Q4 25
$78.0M
$704.4M
Q3 25
$33.5M
$651.1M
Q2 25
$34.9M
$611.7M
Q1 25
$35.7M
$563.5M
Q4 24
$44.5M
$522.0M
Q3 24
$47.1M
$467.8M
Q2 24
$38.5M
$591.3M
Stockholders' Equity
FR
FR
FROG
FROG
Q1 26
$2.9B
Q4 25
$2.7B
$887.4M
Q3 25
$2.7B
$859.4M
Q2 25
$2.6B
$826.5M
Q1 25
$2.7B
$800.0M
Q4 24
$2.7B
$773.5M
Q3 24
$2.6B
$756.2M
Q2 24
$2.6B
$721.4M
Total Assets
FR
FR
FROG
FROG
Q1 26
$5.8B
Q4 25
$5.7B
$1.3B
Q3 25
$5.5B
$1.3B
Q2 25
$5.5B
$1.2B
Q1 25
$5.4B
$1.2B
Q4 24
$5.3B
$1.1B
Q3 24
$5.2B
$1.1B
Q2 24
$5.2B
$1.0B

Cash Flow & Capital Efficiency

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

Metric
FR
FR
FROG
FROG
Operating Cash FlowLast quarter
$50.7M
Free Cash FlowOCF − Capex
$49.9M
FCF MarginFCF / Revenue
34.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
FROG
FROG
Q1 26
Q4 25
$461.3M
$50.7M
Q3 25
$124.6M
$30.2M
Q2 25
$126.1M
$36.1M
Q1 25
$88.6M
$28.8M
Q4 24
$352.5M
$49.1M
Q3 24
$105.5M
$27.6M
Q2 24
$107.7M
$16.7M
Free Cash Flow
FR
FR
FROG
FROG
Q1 26
Q4 25
$49.9M
Q3 25
$28.8M
Q2 25
$35.5M
Q1 25
$28.1M
Q4 24
$48.5M
Q3 24
$26.7M
Q2 24
$16.0M
FCF Margin
FR
FR
FROG
FROG
Q1 26
Q4 25
34.3%
Q3 25
21.0%
Q2 25
27.9%
Q1 25
23.0%
Q4 24
41.8%
Q3 24
24.5%
Q2 24
15.5%
Capex Intensity
FR
FR
FROG
FROG
Q1 26
Q4 25
0.6%
Q3 25
1.0%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
0.5%
Q3 24
0.9%
Q2 24
0.7%
Cash Conversion
FR
FR
FROG
FROG
Q1 26
Q4 25
5.85×
Q3 25
1.91×
Q2 25
2.28×
Q1 25
1.84×
Q4 24
5.15×
Q3 24
1.06×
Q2 24
2.10×

Financial Flow Comparison

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

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