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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and LANDS' END, INC. (LE). Click either name above to swap in a different company.

LANDS' END, INC. is the larger business by last-quarter revenue ($317.5M vs $194.8M, roughly 1.6× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 1.6%, a 74.3% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 0.1%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs -0.9%).

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.

Lands' End, Inc. is an American retailer of clothing, baggage, and furniture which began as a mail-order yachting supply company in 1963 in Chicago. The company is named after Land's End; after promotional materials were printed, the founder noticed the typographical error in the location of the apostrophe, but could not afford to reprint the material. The company operates 26 domestic stores as of February 2024. Lands' End is headquartered in Dodgeville, Wisconsin.

FR vs LE — Head-to-Head

Bigger by revenue
LE
LE
1.6× larger
LE
$317.5M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+9.9% gap
FR
10.0%
0.1%
LE
Higher net margin
FR
FR
74.3% more per $
FR
75.9%
1.6%
LE
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
-0.9%
LE

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FR
FR
LE
LE
Revenue
$194.8M
$317.5M
Net Profit
$147.9M
$5.2M
Gross Margin
51.8%
Operating Margin
5.3%
Net Margin
75.9%
1.6%
Revenue YoY
10.0%
0.1%
Net Profit YoY
179.7%
198.3%
EPS (diluted)
$1.08
$0.17

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
LE
LE
Q1 26
$194.8M
Q4 25
$188.4M
$317.5M
Q3 25
$181.4M
Q2 25
$180.2M
$261.2M
Q1 25
$177.1M
Q4 24
$175.6M
$318.6M
Q3 24
$167.6M
$317.2M
Q2 24
$164.1M
$285.5M
Net Profit
FR
FR
LE
LE
Q1 26
$147.9M
Q4 25
$78.8M
$5.2M
Q3 25
$65.3M
Q2 25
$55.2M
$-8.3M
Q1 25
$48.1M
Q4 24
$68.4M
$-593.0K
Q3 24
$99.4M
$-5.3M
Q2 24
$51.3M
$-6.4M
Gross Margin
FR
FR
LE
LE
Q1 26
Q4 25
51.8%
Q3 25
Q2 25
50.8%
Q1 25
Q4 24
50.6%
Q3 24
47.9%
Q2 24
48.7%
Operating Margin
FR
FR
LE
LE
Q1 26
Q4 25
34.6%
5.3%
Q3 25
37.0%
Q2 25
31.7%
-0.9%
Q1 25
31.2%
Q4 24
40.1%
2.9%
Q3 24
62.6%
0.8%
Q2 24
31.8%
0.8%
Net Margin
FR
FR
LE
LE
Q1 26
75.9%
Q4 25
41.8%
1.6%
Q3 25
36.0%
Q2 25
30.6%
-3.2%
Q1 25
27.2%
Q4 24
39.0%
-0.2%
Q3 24
59.3%
-1.7%
Q2 24
31.3%
-2.3%
EPS (diluted)
FR
FR
LE
LE
Q1 26
$1.08
Q4 25
$0.60
$0.17
Q3 25
$0.49
Q2 25
$0.42
$-0.27
Q1 25
$0.36
Q4 24
$0.51
$-0.02
Q3 24
$0.75
$-0.17
Q2 24
$0.39
$-0.20

Balance Sheet & Financial Strength

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

Metric
FR
FR
LE
LE
Cash + ST InvestmentsLiquidity on hand
$36.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$231.0M
Total Assets
$5.8B
$852.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
LE
LE
Q1 26
Q4 25
$78.0M
$36.3M
Q3 25
$33.5M
Q2 25
$34.9M
$18.1M
Q1 25
$35.7M
Q4 24
$44.5M
$30.4M
Q3 24
$47.1M
$25.6M
Q2 24
$38.5M
$27.4M
Stockholders' Equity
FR
FR
LE
LE
Q1 26
$2.9B
Q4 25
$2.7B
$231.0M
Q3 25
$2.7B
Q2 25
$2.6B
$230.1M
Q1 25
$2.7B
Q4 24
$2.7B
$223.6M
Q3 24
$2.6B
$226.5M
Q2 24
$2.6B
$234.6M
Total Assets
FR
FR
LE
LE
Q1 26
$5.8B
Q4 25
$5.7B
$852.7M
Q3 25
$5.5B
Q2 25
$5.5B
$760.5M
Q1 25
$5.4B
Q4 24
$5.3B
$843.6M
Q3 24
$5.2B
$802.5M
Q2 24
$5.2B
$800.1M

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
LE
LE
Operating Cash FlowLast quarter
$-15.7M
Free Cash FlowOCF − Capex
$-22.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
-3.03×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
LE
LE
Q1 26
Q4 25
$461.3M
$-15.7M
Q3 25
$124.6M
Q2 25
$126.1M
$-22.5M
Q1 25
$88.6M
Q4 24
$352.5M
$-17.1M
Q3 24
$105.5M
$30.7M
Q2 24
$107.7M
$-25.8M
Free Cash Flow
FR
FR
LE
LE
Q1 26
Q4 25
$-22.4M
Q3 25
Q2 25
$-30.7M
Q1 25
Q4 24
$-27.8M
Q3 24
$26.0M
Q2 24
$-32.6M
FCF Margin
FR
FR
LE
LE
Q1 26
Q4 25
-7.1%
Q3 25
Q2 25
-11.8%
Q1 25
Q4 24
-8.7%
Q3 24
8.2%
Q2 24
-11.4%
Capex Intensity
FR
FR
LE
LE
Q1 26
Q4 25
2.1%
Q3 25
Q2 25
3.2%
Q1 25
Q4 24
3.3%
Q3 24
1.5%
Q2 24
2.4%
Cash Conversion
FR
FR
LE
LE
Q1 26
Q4 25
5.85×
-3.03×
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.

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

LE
LE

U Se Commerce$179.8M57%
Business Outfitters Revenue$78.8M25%
Licensing And Retail$20.2M6%
Other$19.8M6%
Third Party$18.9M6%

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