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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and OIL STATES INTERNATIONAL, INC (OIS). 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 $178.5M, roughly 1.1× OIL STATES INTERNATIONAL, INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs -65.7%, a 141.6% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 8.4%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs 3.3%).

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.

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

FR vs OIS — Head-to-Head

Bigger by revenue
FR
FR
1.1× larger
FR
$194.8M
$178.5M
OIS
Growing faster (revenue YoY)
FR
FR
+1.6% gap
FR
10.0%
8.4%
OIS
Higher net margin
FR
FR
141.6% more per $
FR
75.9%
-65.7%
OIS
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
3.3%
OIS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
OIS
OIS
Revenue
$194.8M
$178.5M
Net Profit
$147.9M
$-117.2M
Gross Margin
10.9%
Operating Margin
-63.7%
Net Margin
75.9%
-65.7%
Revenue YoY
10.0%
8.4%
Net Profit YoY
179.7%
-873.2%
EPS (diluted)
$1.08
$-1.99

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
OIS
OIS
Q1 26
$194.8M
Q4 25
$188.4M
$178.5M
Q3 25
$181.4M
$165.2M
Q2 25
$180.2M
$165.4M
Q1 25
$177.1M
$159.9M
Q4 24
$175.6M
$164.6M
Q3 24
$167.6M
$174.3M
Q2 24
$164.1M
$186.4M
Net Profit
FR
FR
OIS
OIS
Q1 26
$147.9M
Q4 25
$78.8M
$-117.2M
Q3 25
$65.3M
$1.9M
Q2 25
$55.2M
$2.8M
Q1 25
$48.1M
$3.2M
Q4 24
$68.4M
$15.2M
Q3 24
$99.4M
$-14.3M
Q2 24
$51.3M
$1.3M
Gross Margin
FR
FR
OIS
OIS
Q1 26
Q4 25
10.9%
Q3 25
22.1%
Q2 25
24.2%
Q1 25
23.3%
Q4 24
23.7%
Q3 24
21.7%
Q2 24
23.8%
Operating Margin
FR
FR
OIS
OIS
Q1 26
Q4 25
34.6%
-63.7%
Q3 25
37.0%
2.9%
Q2 25
31.7%
3.2%
Q1 25
31.2%
3.5%
Q4 24
40.1%
11.2%
Q3 24
62.6%
-6.3%
Q2 24
31.8%
1.1%
Net Margin
FR
FR
OIS
OIS
Q1 26
75.9%
Q4 25
41.8%
-65.7%
Q3 25
36.0%
1.2%
Q2 25
30.6%
1.7%
Q1 25
27.2%
2.0%
Q4 24
39.0%
9.2%
Q3 24
59.3%
-8.2%
Q2 24
31.3%
0.7%
EPS (diluted)
FR
FR
OIS
OIS
Q1 26
$1.08
Q4 25
$0.60
$-1.99
Q3 25
$0.49
$0.03
Q2 25
$0.42
$0.05
Q1 25
$0.36
$0.05
Q4 24
$0.51
$0.24
Q3 24
$0.75
$-0.23
Q2 24
$0.39
$0.02

Balance Sheet & Financial Strength

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

Metric
FR
FR
OIS
OIS
Cash + ST InvestmentsLiquidity on hand
$69.9M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$2.9B
$573.2M
Total Assets
$5.8B
$883.4M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
OIS
OIS
Q1 26
Q4 25
$78.0M
$69.9M
Q3 25
$33.5M
$67.1M
Q2 25
$34.9M
$53.9M
Q1 25
$35.7M
$66.8M
Q4 24
$44.5M
$65.4M
Q3 24
$47.1M
$46.0M
Q2 24
$38.5M
$25.2M
Total Debt
FR
FR
OIS
OIS
Q1 26
Q4 25
$1.7M
Q3 25
$1.9M
Q2 25
$1.9M
Q1 25
$124.7M
Q4 24
$124.7M
Q3 24
$124.6M
Q2 24
$124.3M
Stockholders' Equity
FR
FR
OIS
OIS
Q1 26
$2.9B
Q4 25
$2.7B
$573.2M
Q3 25
$2.7B
$689.0M
Q2 25
$2.6B
$690.6M
Q1 25
$2.7B
$683.4M
Q4 24
$2.7B
$680.7M
Q3 24
$2.6B
$684.8M
Q2 24
$2.6B
$690.4M
Total Assets
FR
FR
OIS
OIS
Q1 26
$5.8B
Q4 25
$5.7B
$883.4M
Q3 25
$5.5B
$1.0B
Q2 25
$5.5B
$993.7M
Q1 25
$5.4B
$990.7M
Q4 24
$5.3B
$1.0B
Q3 24
$5.2B
$994.1M
Q2 24
$5.2B
$1.0B
Debt / Equity
FR
FR
OIS
OIS
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.18×

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
OIS
OIS
Operating Cash FlowLast quarter
$50.1M
Free Cash FlowOCF − Capex
$47.1M
FCF MarginFCF / Revenue
26.4%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
OIS
OIS
Q1 26
Q4 25
$461.3M
$50.1M
Q3 25
$124.6M
$30.7M
Q2 25
$126.1M
$15.0M
Q1 25
$88.6M
$9.3M
Q4 24
$352.5M
$18.2M
Q3 24
$105.5M
$28.8M
Q2 24
$107.7M
$10.2M
Free Cash Flow
FR
FR
OIS
OIS
Q1 26
Q4 25
$47.1M
Q3 25
$22.0M
Q2 25
$4.7M
Q1 25
$137.0K
Q4 24
$4.0M
Q3 24
$21.4M
Q2 24
$4.5M
FCF Margin
FR
FR
OIS
OIS
Q1 26
Q4 25
26.4%
Q3 25
13.3%
Q2 25
2.8%
Q1 25
0.1%
Q4 24
2.4%
Q3 24
12.3%
Q2 24
2.4%
Capex Intensity
FR
FR
OIS
OIS
Q1 26
Q4 25
1.7%
Q3 25
5.3%
Q2 25
6.2%
Q1 25
5.7%
Q4 24
8.6%
Q3 24
4.3%
Q2 24
3.1%
Cash Conversion
FR
FR
OIS
OIS
Q1 26
Q4 25
5.85×
Q3 25
1.91×
16.15×
Q2 25
2.28×
5.33×
Q1 25
1.84×
2.94×
Q4 24
5.15×
1.20×
Q3 24
1.06×
Q2 24
2.10×
7.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

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