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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Holley Inc. (HLLY). 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 $155.4M, roughly 1.3× Holley Inc.). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 4.1%, a 71.9% gap on every dollar of revenue. On growth, Holley Inc. posted the faster year-over-year revenue change (11.0% vs 10.0%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs -1.0%).

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.

Holley Performance Products is an automotive performance company based in Bowling Green, Kentucky. It was founded in 1896 in Bradford, Pennsylvania, by George Holley and Earl Holley. When the company was based in Michigan it was a major producer of carburetors for many Detroit-built automobiles.

FR vs HLLY — Head-to-Head

Bigger by revenue
FR
FR
1.3× larger
FR
$194.8M
$155.4M
HLLY
Growing faster (revenue YoY)
HLLY
HLLY
+1.0% gap
HLLY
11.0%
10.0%
FR
Higher net margin
FR
FR
71.9% more per $
FR
75.9%
4.1%
HLLY
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
-1.0%
HLLY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
HLLY
HLLY
Revenue
$194.8M
$155.4M
Net Profit
$147.9M
$6.3M
Gross Margin
46.8%
Operating Margin
12.7%
Net Margin
75.9%
4.1%
Revenue YoY
10.0%
11.0%
Net Profit YoY
179.7%
116.7%
EPS (diluted)
$1.08
$0.06

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
HLLY
HLLY
Q1 26
$194.8M
Q4 25
$188.4M
$155.4M
Q3 25
$181.4M
$138.4M
Q2 25
$180.2M
$166.7M
Q1 25
$177.1M
$153.0M
Q4 24
$175.6M
$140.1M
Q3 24
$167.6M
$134.0M
Q2 24
$164.1M
$169.5M
Net Profit
FR
FR
HLLY
HLLY
Q1 26
$147.9M
Q4 25
$78.8M
$6.3M
Q3 25
$65.3M
$-806.0K
Q2 25
$55.2M
$10.9M
Q1 25
$48.1M
$2.8M
Q4 24
$68.4M
$-37.8M
Q3 24
$99.4M
$-6.3M
Q2 24
$51.3M
$17.1M
Gross Margin
FR
FR
HLLY
HLLY
Q1 26
Q4 25
46.8%
Q3 25
43.2%
Q2 25
41.7%
Q1 25
41.9%
Q4 24
45.6%
Q3 24
39.0%
Q2 24
41.5%
Operating Margin
FR
FR
HLLY
HLLY
Q1 26
Q4 25
34.6%
12.7%
Q3 25
37.0%
11.5%
Q2 25
31.7%
16.5%
Q1 25
31.2%
12.6%
Q4 24
40.1%
-20.7%
Q3 24
62.6%
4.2%
Q2 24
31.8%
16.4%
Net Margin
FR
FR
HLLY
HLLY
Q1 26
75.9%
Q4 25
41.8%
4.1%
Q3 25
36.0%
-0.6%
Q2 25
30.6%
6.5%
Q1 25
27.2%
1.8%
Q4 24
39.0%
-27.0%
Q3 24
59.3%
-4.7%
Q2 24
31.3%
10.1%
EPS (diluted)
FR
FR
HLLY
HLLY
Q1 26
$1.08
Q4 25
$0.60
$0.06
Q3 25
$0.49
$-0.01
Q2 25
$0.42
$0.09
Q1 25
$0.36
$0.02
Q4 24
$0.51
$-0.32
Q3 24
$0.75
$-0.05
Q2 24
$0.39
$0.14

Balance Sheet & Financial Strength

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

Metric
FR
FR
HLLY
HLLY
Cash + ST InvestmentsLiquidity on hand
$37.2M
Total DebtLower is stronger
$516.1M
Stockholders' EquityBook value
$2.9B
$448.9M
Total Assets
$5.8B
$1.2B
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
HLLY
HLLY
Q1 26
Q4 25
$78.0M
$37.2M
Q3 25
$33.5M
$50.7M
Q2 25
$34.9M
$63.8M
Q1 25
$35.7M
$39.1M
Q4 24
$44.5M
$56.1M
Q3 24
$47.1M
$50.8M
Q2 24
$38.5M
$53.1M
Total Debt
FR
FR
HLLY
HLLY
Q1 26
Q4 25
$516.1M
Q3 25
$528.9M
Q2 25
$543.3M
Q1 25
$551.3M
Q4 24
$545.4M
Q3 24
$556.4M
Q2 24
$556.1M
Stockholders' Equity
FR
FR
HLLY
HLLY
Q1 26
$2.9B
Q4 25
$2.7B
$448.9M
Q3 25
$2.7B
$439.7M
Q2 25
$2.6B
$437.8M
Q1 25
$2.7B
$424.6M
Q4 24
$2.7B
$421.2M
Q3 24
$2.6B
$458.7M
Q2 24
$2.6B
$463.2M
Total Assets
FR
FR
HLLY
HLLY
Q1 26
$5.8B
Q4 25
$5.7B
$1.2B
Q3 25
$5.5B
$1.2B
Q2 25
$5.5B
$1.2B
Q1 25
$5.4B
$1.1B
Q4 24
$5.3B
$1.1B
Q3 24
$5.2B
$1.2B
Q2 24
$5.2B
$1.2B
Debt / Equity
FR
FR
HLLY
HLLY
Q1 26
Q4 25
1.15×
Q3 25
1.20×
Q2 25
1.24×
Q1 25
1.30×
Q4 24
1.29×
Q3 24
1.21×
Q2 24
1.20×

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
HLLY
HLLY
Operating Cash FlowLast quarter
$6.2M
Free Cash FlowOCF − Capex
$3.8M
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$33.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
HLLY
HLLY
Q1 26
Q4 25
$461.3M
$6.2M
Q3 25
$124.6M
$7.4M
Q2 25
$126.1M
$40.5M
Q1 25
$88.6M
$-7.8M
Q4 24
$352.5M
$4.1M
Q3 24
$105.5M
$-1.7M
Q2 24
$107.7M
$25.7M
Free Cash Flow
FR
FR
HLLY
HLLY
Q1 26
Q4 25
$3.8M
Q3 25
$5.3M
Q2 25
$35.7M
Q1 25
$-10.8M
Q4 24
$1.7M
Q3 24
$-3.5M
Q2 24
$24.3M
FCF Margin
FR
FR
HLLY
HLLY
Q1 26
Q4 25
2.4%
Q3 25
3.8%
Q2 25
21.4%
Q1 25
-7.1%
Q4 24
1.2%
Q3 24
-2.6%
Q2 24
14.3%
Capex Intensity
FR
FR
HLLY
HLLY
Q1 26
Q4 25
1.5%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
1.9%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
FR
FR
HLLY
HLLY
Q1 26
Q4 25
5.85×
0.98×
Q3 25
1.91×
Q2 25
2.28×
3.73×
Q1 25
1.84×
-2.79×
Q4 24
5.15×
Q3 24
1.06×
Q2 24
2.10×
1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

HLLY
HLLY

Truck Off Road$125.5M81%
Euro Import$29.9M19%

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