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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Guardian Pharmacy Services, Inc. (GRDN). Click either name above to swap in a different company.

Guardian Pharmacy Services, Inc. is the larger business by last-quarter revenue ($336.6M vs $194.8M, roughly 1.7× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 4.0%, a 71.9% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 2.2%).

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.

CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.

FR vs GRDN — Head-to-Head

Bigger by revenue
GRDN
GRDN
1.7× larger
GRDN
$336.6M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+7.8% gap
FR
10.0%
2.2%
GRDN
Higher net margin
FR
FR
71.9% more per $
FR
75.9%
4.0%
GRDN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FR
FR
GRDN
GRDN
Revenue
$194.8M
$336.6M
Net Profit
$147.9M
$13.5M
Gross Margin
22.7%
Operating Margin
5.3%
Net Margin
75.9%
4.0%
Revenue YoY
10.0%
2.2%
Net Profit YoY
179.7%
46.1%
EPS (diluted)
$1.08
$0.21

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
GRDN
GRDN
Q1 26
$194.8M
$336.6M
Q4 25
$188.4M
$397.6M
Q3 25
$181.4M
$377.4M
Q2 25
$180.2M
$344.3M
Q1 25
$177.1M
$329.3M
Q4 24
$175.6M
Q3 24
$167.6M
$314.4M
Q2 24
$164.1M
Net Profit
FR
FR
GRDN
GRDN
Q1 26
$147.9M
$13.5M
Q4 25
$78.8M
$20.9M
Q3 25
$65.3M
$9.8M
Q2 25
$55.2M
$9.0M
Q1 25
$48.1M
$9.4M
Q4 24
$68.4M
Q3 24
$99.4M
$-122.0M
Q2 24
$51.3M
Gross Margin
FR
FR
GRDN
GRDN
Q1 26
22.7%
Q4 25
21.5%
Q3 25
19.8%
Q2 25
19.8%
Q1 25
19.5%
Q4 24
Q3 24
19.4%
Q2 24
Operating Margin
FR
FR
GRDN
GRDN
Q1 26
5.3%
Q4 25
34.6%
7.7%
Q3 25
37.0%
4.3%
Q2 25
31.7%
3.7%
Q1 25
31.2%
3.9%
Q4 24
40.1%
Q3 24
62.6%
-33.3%
Q2 24
31.8%
Net Margin
FR
FR
GRDN
GRDN
Q1 26
75.9%
4.0%
Q4 25
41.8%
5.3%
Q3 25
36.0%
2.6%
Q2 25
30.6%
2.6%
Q1 25
27.2%
2.9%
Q4 24
39.0%
Q3 24
59.3%
-38.8%
Q2 24
31.3%
EPS (diluted)
FR
FR
GRDN
GRDN
Q1 26
$1.08
$0.21
Q4 25
$0.60
Q3 25
$0.49
Q2 25
$0.42
Q1 25
$0.36
Q4 24
$0.51
Q3 24
$0.75
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
FR
FR
GRDN
GRDN
Cash + ST InvestmentsLiquidity on hand
$64.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$232.4M
Total Assets
$5.8B
$426.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
GRDN
GRDN
Q1 26
$64.9M
Q4 25
$78.0M
$65.6M
Q3 25
$33.5M
$36.5M
Q2 25
$34.9M
$18.8M
Q1 25
$35.7M
$14.0M
Q4 24
$44.5M
Q3 24
$47.1M
$37.2M
Q2 24
$38.5M
Total Debt
FR
FR
GRDN
GRDN
Q1 26
Q4 25
$0
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$34.3M
Q2 24
Stockholders' Equity
FR
FR
GRDN
GRDN
Q1 26
$2.9B
$232.4M
Q4 25
$2.7B
$217.9M
Q3 25
$2.7B
$195.5M
Q2 25
$2.6B
$179.7M
Q1 25
$2.7B
$163.2M
Q4 24
$2.7B
Q3 24
$2.6B
$133.9M
Q2 24
$2.6B
Total Assets
FR
FR
GRDN
GRDN
Q1 26
$5.8B
$426.9M
Q4 25
$5.7B
$412.7M
Q3 25
$5.5B
$390.0M
Q2 25
$5.5B
$356.3M
Q1 25
$5.4B
$334.0M
Q4 24
$5.3B
Q3 24
$5.2B
$348.0M
Q2 24
$5.2B
Debt / Equity
FR
FR
GRDN
GRDN
Q1 26
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.26×
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
GRDN
GRDN
Operating Cash FlowLast quarter
$6.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
GRDN
GRDN
Q1 26
$6.1M
Q4 25
$461.3M
$34.6M
Q3 25
$124.6M
$28.2M
Q2 25
$126.1M
$19.9M
Q1 25
$88.6M
$17.6M
Q4 24
$352.5M
Q3 24
$105.5M
Q2 24
$107.7M
Free Cash Flow
FR
FR
GRDN
GRDN
Q1 26
Q4 25
Q3 25
$24.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
FR
FR
GRDN
GRDN
Q1 26
Q4 25
Q3 25
6.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
FR
FR
GRDN
GRDN
Q1 26
Q4 25
Q3 25
1.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
FR
FR
GRDN
GRDN
Q1 26
0.45×
Q4 25
5.85×
1.65×
Q3 25
1.91×
2.87×
Q2 25
2.28×
2.21×
Q1 25
1.84×
1.86×
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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