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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Great Lakes Dredge & Dock CORP (GLDD). Click either name above to swap in a different company.

Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $194.8M, roughly 1.3× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 4.9%, a 71.0% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 10.0%). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% 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.

Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.

FR vs GLDD — Head-to-Head

Bigger by revenue
GLDD
GLDD
1.3× larger
GLDD
$256.5M
$194.8M
FR
Growing faster (revenue YoY)
GLDD
GLDD
+16.4% gap
GLDD
26.5%
10.0%
FR
Higher net margin
FR
FR
71.0% more per $
FR
75.9%
4.9%
GLDD
Faster 2-yr revenue CAGR
GLDD
GLDD
Annualised
GLDD
13.6%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
GLDD
GLDD
Revenue
$194.8M
$256.5M
Net Profit
$147.9M
$12.6M
Gross Margin
20.9%
Operating Margin
12.7%
Net Margin
75.9%
4.9%
Revenue YoY
10.0%
26.5%
Net Profit YoY
179.7%
-35.9%
EPS (diluted)
$1.08
$0.19

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
GLDD
GLDD
Q1 26
$194.8M
Q4 25
$188.4M
$256.5M
Q3 25
$181.4M
$195.2M
Q2 25
$180.2M
$193.8M
Q1 25
$177.1M
$242.9M
Q4 24
$175.6M
$202.8M
Q3 24
$167.6M
$191.2M
Q2 24
$164.1M
$170.1M
Net Profit
FR
FR
GLDD
GLDD
Q1 26
$147.9M
Q4 25
$78.8M
$12.6M
Q3 25
$65.3M
$17.7M
Q2 25
$55.2M
$9.7M
Q1 25
$48.1M
$33.4M
Q4 24
$68.4M
$19.7M
Q3 24
$99.4M
$8.9M
Q2 24
$51.3M
$7.7M
Gross Margin
FR
FR
GLDD
GLDD
Q1 26
Q4 25
20.9%
Q3 25
22.4%
Q2 25
18.9%
Q1 25
28.6%
Q4 24
24.1%
Q3 24
19.0%
Q2 24
17.5%
Operating Margin
FR
FR
GLDD
GLDD
Q1 26
Q4 25
34.6%
12.7%
Q3 25
37.0%
14.4%
Q2 25
31.7%
8.8%
Q1 25
31.2%
20.6%
Q4 24
40.1%
14.8%
Q3 24
62.6%
8.7%
Q2 24
31.8%
8.6%
Net Margin
FR
FR
GLDD
GLDD
Q1 26
75.9%
Q4 25
41.8%
4.9%
Q3 25
36.0%
9.1%
Q2 25
30.6%
5.0%
Q1 25
27.2%
13.8%
Q4 24
39.0%
9.7%
Q3 24
59.3%
4.6%
Q2 24
31.3%
4.5%
EPS (diluted)
FR
FR
GLDD
GLDD
Q1 26
$1.08
Q4 25
$0.60
$0.19
Q3 25
$0.49
$0.26
Q2 25
$0.42
$0.14
Q1 25
$0.36
$0.49
Q4 24
$0.51
$0.29
Q3 24
$0.75
$0.13
Q2 24
$0.39
$0.11

Balance Sheet & Financial Strength

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

Metric
FR
FR
GLDD
GLDD
Cash + ST InvestmentsLiquidity on hand
$13.4M
Total DebtLower is stronger
$378.2M
Stockholders' EquityBook value
$2.9B
$517.1M
Total Assets
$5.8B
$1.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
GLDD
GLDD
Q1 26
Q4 25
$78.0M
$13.4M
Q3 25
$33.5M
$12.7M
Q2 25
$34.9M
$2.9M
Q1 25
$35.7M
$11.3M
Q4 24
$44.5M
$10.2M
Q3 24
$47.1M
$12.0M
Q2 24
$38.5M
$23.1M
Total Debt
FR
FR
GLDD
GLDD
Q1 26
Q4 25
$378.2M
Q3 25
Q2 25
Q1 25
Q4 24
$448.2M
Q3 24
Q2 24
Stockholders' Equity
FR
FR
GLDD
GLDD
Q1 26
$2.9B
Q4 25
$2.7B
$517.1M
Q3 25
$2.7B
$502.1M
Q2 25
$2.6B
$481.9M
Q1 25
$2.7B
$479.9M
Q4 24
$2.7B
$448.9M
Q3 24
$2.6B
$425.4M
Q2 24
$2.6B
$418.0M
Total Assets
FR
FR
GLDD
GLDD
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
$1.3B
Q3 24
$5.2B
$1.1B
Q2 24
$5.2B
$1.1B
Debt / Equity
FR
FR
GLDD
GLDD
Q1 26
Q4 25
0.73×
Q3 25
Q2 25
Q1 25
Q4 24
1.00×
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
FR
FR
GLDD
GLDD
Operating Cash FlowLast quarter
$79.7M
Free Cash FlowOCF − Capex
$50.3M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
6.31×
TTM Free Cash FlowTrailing 4 quarters
$99.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
GLDD
GLDD
Q1 26
Q4 25
$461.3M
$79.7M
Q3 25
$124.6M
$49.2M
Q2 25
$126.1M
$56.9M
Q1 25
$88.6M
$60.9M
Q4 24
$352.5M
$-13.5M
Q3 24
$105.5M
$26.8M
Q2 24
$107.7M
$18.4M
Free Cash Flow
FR
FR
GLDD
GLDD
Q1 26
Q4 25
$50.3M
Q3 25
$13.2M
Q2 25
$-3.7M
Q1 25
$39.6M
Q4 24
$-36.1M
Q3 24
$-11.5M
Q2 24
$-34.0M
FCF Margin
FR
FR
GLDD
GLDD
Q1 26
Q4 25
19.6%
Q3 25
6.8%
Q2 25
-1.9%
Q1 25
16.3%
Q4 24
-17.8%
Q3 24
-6.0%
Q2 24
-20.0%
Capex Intensity
FR
FR
GLDD
GLDD
Q1 26
Q4 25
11.5%
Q3 25
18.4%
Q2 25
31.3%
Q1 25
8.7%
Q4 24
11.2%
Q3 24
20.0%
Q2 24
30.8%
Cash Conversion
FR
FR
GLDD
GLDD
Q1 26
Q4 25
5.85×
6.31×
Q3 25
1.91×
2.77×
Q2 25
2.28×
5.87×
Q1 25
1.84×
1.82×
Q4 24
5.15×
-0.69×
Q3 24
1.06×
3.02×
Q2 24
2.10×
2.39×

Financial Flow Comparison

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

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