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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and MIMEDX GROUP, INC. (MDXG). 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 $118.1M, roughly 1.6× MIMEDX GROUP, INC.). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 12.9%, a 63.1% gap on every dollar of revenue. On growth, MIMEDX GROUP, INC. posted the faster year-over-year revenue change (27.1% vs 10.0%). Over the past eight quarters, MIMEDX GROUP, INC.'s revenue compounded faster (18.1% 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.

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

FR vs MDXG — Head-to-Head

Bigger by revenue
FR
FR
1.6× larger
FR
$194.8M
$118.1M
MDXG
Growing faster (revenue YoY)
MDXG
MDXG
+17.1% gap
MDXG
27.1%
10.0%
FR
Higher net margin
FR
FR
63.1% more per $
FR
75.9%
12.9%
MDXG
Faster 2-yr revenue CAGR
MDXG
MDXG
Annualised
MDXG
18.1%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
MDXG
MDXG
Revenue
$194.8M
$118.1M
Net Profit
$147.9M
$15.2M
Gross Margin
83.9%
Operating Margin
17.8%
Net Margin
75.9%
12.9%
Revenue YoY
10.0%
27.1%
Net Profit YoY
179.7%
104.2%
EPS (diluted)
$1.08
$0.10

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
MDXG
MDXG
Q1 26
$194.8M
Q4 25
$188.4M
$118.1M
Q3 25
$181.4M
$113.7M
Q2 25
$180.2M
$98.6M
Q1 25
$177.1M
$88.2M
Q4 24
$175.6M
$92.9M
Q3 24
$167.6M
$84.1M
Q2 24
$164.1M
$87.2M
Net Profit
FR
FR
MDXG
MDXG
Q1 26
$147.9M
Q4 25
$78.8M
$15.2M
Q3 25
$65.3M
$16.7M
Q2 25
$55.2M
$9.6M
Q1 25
$48.1M
$7.0M
Q4 24
$68.4M
$7.4M
Q3 24
$99.4M
$8.1M
Q2 24
$51.3M
$17.6M
Gross Margin
FR
FR
MDXG
MDXG
Q1 26
Q4 25
83.9%
Q3 25
83.5%
Q2 25
81.1%
Q1 25
81.2%
Q4 24
81.8%
Q3 24
81.8%
Q2 24
83.0%
Operating Margin
FR
FR
MDXG
MDXG
Q1 26
Q4 25
34.6%
17.8%
Q3 25
37.0%
19.5%
Q2 25
31.7%
12.5%
Q1 25
31.2%
9.4%
Q4 24
40.1%
11.9%
Q3 24
62.6%
13.3%
Q2 24
31.8%
26.9%
Net Margin
FR
FR
MDXG
MDXG
Q1 26
75.9%
Q4 25
41.8%
12.9%
Q3 25
36.0%
14.7%
Q2 25
30.6%
9.8%
Q1 25
27.2%
8.0%
Q4 24
39.0%
8.0%
Q3 24
59.3%
9.6%
Q2 24
31.3%
20.2%
EPS (diluted)
FR
FR
MDXG
MDXG
Q1 26
$1.08
Q4 25
$0.60
$0.10
Q3 25
$0.49
$0.11
Q2 25
$0.42
$0.06
Q1 25
$0.36
$0.05
Q4 24
$0.51
$0.05
Q3 24
$0.75
$0.05
Q2 24
$0.39
$0.12

Balance Sheet & Financial Strength

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

Metric
FR
FR
MDXG
MDXG
Cash + ST InvestmentsLiquidity on hand
$166.1M
Total DebtLower is stronger
$18.0M
Stockholders' EquityBook value
$2.9B
$256.5M
Total Assets
$5.8B
$342.7M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
MDXG
MDXG
Q1 26
Q4 25
$78.0M
$166.1M
Q3 25
$33.5M
$142.1M
Q2 25
$34.9M
$118.9M
Q1 25
$35.7M
$106.4M
Q4 24
$44.5M
$104.4M
Q3 24
$47.1M
$88.8M
Q2 24
$38.5M
$69.0M
Total Debt
FR
FR
MDXG
MDXG
Q1 26
Q4 25
$18.0M
Q3 25
Q2 25
Q1 25
Q4 24
$19.0M
Q3 24
Q2 24
Stockholders' Equity
FR
FR
MDXG
MDXG
Q1 26
$2.9B
Q4 25
$2.7B
$256.5M
Q3 25
$2.7B
$238.9M
Q2 25
$2.6B
$216.6M
Q1 25
$2.7B
$202.8M
Q4 24
$2.7B
$193.1M
Q3 24
$2.6B
$181.0M
Q2 24
$2.6B
$168.0M
Total Assets
FR
FR
MDXG
MDXG
Q1 26
$5.8B
Q4 25
$5.7B
$342.7M
Q3 25
$5.5B
$319.0M
Q2 25
$5.5B
$291.1M
Q1 25
$5.4B
$270.4M
Q4 24
$5.3B
$263.9M
Q3 24
$5.2B
$243.9M
Q2 24
$5.2B
$230.2M
Debt / Equity
FR
FR
MDXG
MDXG
Q1 26
Q4 25
0.07×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
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
MDXG
MDXG
Operating Cash FlowLast quarter
$25.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
MDXG
MDXG
Q1 26
Q4 25
$461.3M
$25.0M
Q3 25
$124.6M
$29.3M
Q2 25
$126.1M
$14.4M
Q1 25
$88.6M
$5.3M
Q4 24
$352.5M
$18.8M
Q3 24
$105.5M
$19.6M
Q2 24
$107.7M
$21.8M
Cash Conversion
FR
FR
MDXG
MDXG
Q1 26
Q4 25
5.85×
1.64×
Q3 25
1.91×
1.75×
Q2 25
2.28×
1.50×
Q1 25
1.84×
0.75×
Q4 24
5.15×
2.53×
Q3 24
1.06×
2.42×
Q2 24
2.10×
1.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

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