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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $194.8M, roughly 1.1× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 4.8%, a 71.1% gap on every dollar of revenue.

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

FR vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.1× larger
PXED
$222.5M
$194.8M
FR
Higher net margin
FR
FR
71.1% more per $
FR
75.9%
4.8%
PXED

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FR
FR
PXED
PXED
Revenue
$194.8M
$222.5M
Net Profit
$147.9M
$10.8M
Gross Margin
Operating Margin
6.3%
Net Margin
75.9%
4.8%
Revenue YoY
10.0%
Net Profit YoY
179.7%
EPS (diluted)
$1.08
$0.28

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
PXED
PXED
Q1 26
$194.8M
$222.5M
Q4 25
$188.4M
$262.0M
Q3 25
$181.4M
Q2 25
$180.2M
Q1 25
$177.1M
Q4 24
$175.6M
Q3 24
$167.6M
Q2 24
$164.1M
Net Profit
FR
FR
PXED
PXED
Q1 26
$147.9M
$10.8M
Q4 25
$78.8M
$15.5M
Q3 25
$65.3M
Q2 25
$55.2M
Q1 25
$48.1M
Q4 24
$68.4M
Q3 24
$99.4M
Q2 24
$51.3M
Operating Margin
FR
FR
PXED
PXED
Q1 26
6.3%
Q4 25
34.6%
9.8%
Q3 25
37.0%
Q2 25
31.7%
Q1 25
31.2%
Q4 24
40.1%
Q3 24
62.6%
Q2 24
31.8%
Net Margin
FR
FR
PXED
PXED
Q1 26
75.9%
4.8%
Q4 25
41.8%
5.9%
Q3 25
36.0%
Q2 25
30.6%
Q1 25
27.2%
Q4 24
39.0%
Q3 24
59.3%
Q2 24
31.3%
EPS (diluted)
FR
FR
PXED
PXED
Q1 26
$1.08
$0.28
Q4 25
$0.60
$0.40
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
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$2.9B
$291.1M
Total Assets
$5.8B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
PXED
PXED
Q1 26
$201.4M
Q4 25
$78.0M
$163.5M
Q3 25
$33.5M
Q2 25
$34.9M
Q1 25
$35.7M
Q4 24
$44.5M
Q3 24
$47.1M
Q2 24
$38.5M
Total Debt
FR
FR
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FR
FR
PXED
PXED
Q1 26
$2.9B
$291.1M
Q4 25
$2.7B
$280.4M
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$2.6B
Total Assets
FR
FR
PXED
PXED
Q1 26
$5.8B
$546.4M
Q4 25
$5.7B
$549.6M
Q3 25
$5.5B
Q2 25
$5.5B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.2B
Q2 24
$5.2B
Debt / Equity
FR
FR
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
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
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
PXED
PXED
Q1 26
$48.9M
Q4 25
$461.3M
$31.1M
Q3 25
$124.6M
Q2 25
$126.1M
Q1 25
$88.6M
Q4 24
$352.5M
Q3 24
$105.5M
Q2 24
$107.7M
Free Cash Flow
FR
FR
PXED
PXED
Q1 26
$43.5M
Q4 25
$26.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
FR
FR
PXED
PXED
Q1 26
19.6%
Q4 25
10.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
FR
FR
PXED
PXED
Q1 26
2.4%
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
FR
FR
PXED
PXED
Q1 26
4.53×
Q4 25
5.85×
2.01×
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.

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