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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Simply Good Foods Co (SMPL). Click either name above to swap in a different company.

Simply Good Foods Co is the larger business by last-quarter revenue ($340.2M vs $194.8M, roughly 1.7× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 7.4%, a 68.5% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs -0.3%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs 3.0%).

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.

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

FR vs SMPL — Head-to-Head

Bigger by revenue
SMPL
SMPL
1.7× larger
SMPL
$340.2M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+10.3% gap
FR
10.0%
-0.3%
SMPL
Higher net margin
FR
FR
68.5% more per $
FR
75.9%
7.4%
SMPL
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
3.0%
SMPL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FR
FR
SMPL
SMPL
Revenue
$194.8M
$340.2M
Net Profit
$147.9M
$25.3M
Gross Margin
32.3%
Operating Margin
11.0%
Net Margin
75.9%
7.4%
Revenue YoY
10.0%
-0.3%
Net Profit YoY
179.7%
-33.7%
EPS (diluted)
$1.08
$0.26

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
SMPL
SMPL
Q1 26
$194.8M
Q4 25
$188.4M
$340.2M
Q3 25
$181.4M
Q2 25
$180.2M
$381.0M
Q1 25
$177.1M
Q4 24
$175.6M
$341.3M
Q3 24
$167.6M
$375.7M
Q2 24
$164.1M
$334.8M
Net Profit
FR
FR
SMPL
SMPL
Q1 26
$147.9M
Q4 25
$78.8M
$25.3M
Q3 25
$65.3M
Q2 25
$55.2M
$41.1M
Q1 25
$48.1M
Q4 24
$68.4M
$38.1M
Q3 24
$99.4M
$29.3M
Q2 24
$51.3M
$41.3M
Gross Margin
FR
FR
SMPL
SMPL
Q1 26
Q4 25
32.3%
Q3 25
Q2 25
36.4%
Q1 25
Q4 24
38.2%
Q3 24
38.8%
Q2 24
39.9%
Operating Margin
FR
FR
SMPL
SMPL
Q1 26
Q4 25
34.6%
11.0%
Q3 25
37.0%
Q2 25
31.7%
15.6%
Q1 25
31.2%
Q4 24
40.1%
16.0%
Q3 24
62.6%
12.7%
Q2 24
31.8%
17.6%
Net Margin
FR
FR
SMPL
SMPL
Q1 26
75.9%
Q4 25
41.8%
7.4%
Q3 25
36.0%
Q2 25
30.6%
10.8%
Q1 25
27.2%
Q4 24
39.0%
11.2%
Q3 24
59.3%
7.8%
Q2 24
31.3%
12.3%
EPS (diluted)
FR
FR
SMPL
SMPL
Q1 26
$1.08
Q4 25
$0.60
$0.26
Q3 25
$0.49
Q2 25
$0.42
$0.40
Q1 25
$0.36
Q4 24
$0.51
$0.38
Q3 24
$0.75
$0.29
Q2 24
$0.39
$0.41

Balance Sheet & Financial Strength

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

Metric
FR
FR
SMPL
SMPL
Cash + ST InvestmentsLiquidity on hand
$194.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$1.7B
Total Assets
$5.8B
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
SMPL
SMPL
Q1 26
Q4 25
$78.0M
$194.1M
Q3 25
$33.5M
Q2 25
$34.9M
$98.0M
Q1 25
$35.7M
Q4 24
$44.5M
$121.8M
Q3 24
$47.1M
$132.5M
Q2 24
$38.5M
$208.7M
Total Debt
FR
FR
SMPL
SMPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$397.5M
Q2 24
$237.7M
Stockholders' Equity
FR
FR
SMPL
SMPL
Q1 26
$2.9B
Q4 25
$2.7B
$1.7B
Q3 25
$2.7B
Q2 25
$2.6B
$1.8B
Q1 25
$2.7B
Q4 24
$2.7B
$1.8B
Q3 24
$2.6B
$1.7B
Q2 24
$2.6B
$1.7B
Total Assets
FR
FR
SMPL
SMPL
Q1 26
$5.8B
Q4 25
$5.7B
$2.5B
Q3 25
$5.5B
Q2 25
$5.5B
$2.4B
Q1 25
$5.4B
Q4 24
$5.3B
$2.4B
Q3 24
$5.2B
$2.4B
Q2 24
$5.2B
$2.2B
Debt / Equity
FR
FR
SMPL
SMPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.14×

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
SMPL
SMPL
Operating Cash FlowLast quarter
$50.1M
Free Cash FlowOCF − Capex
$48.0M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$223.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
SMPL
SMPL
Q1 26
Q4 25
$461.3M
$50.1M
Q3 25
$124.6M
Q2 25
$126.1M
$101.1M
Q1 25
$88.6M
Q4 24
$352.5M
$32.0M
Q3 24
$105.5M
$48.9M
Q2 24
$107.7M
$72.8M
Free Cash Flow
FR
FR
SMPL
SMPL
Q1 26
Q4 25
$48.0M
Q3 25
Q2 25
$98.9M
Q1 25
Q4 24
$31.7M
Q3 24
$45.0M
Q2 24
$72.0M
FCF Margin
FR
FR
SMPL
SMPL
Q1 26
Q4 25
14.1%
Q3 25
Q2 25
25.9%
Q1 25
Q4 24
9.3%
Q3 24
12.0%
Q2 24
21.5%
Capex Intensity
FR
FR
SMPL
SMPL
Q1 26
Q4 25
0.6%
Q3 25
Q2 25
0.6%
Q1 25
Q4 24
0.1%
Q3 24
1.0%
Q2 24
0.2%
Cash Conversion
FR
FR
SMPL
SMPL
Q1 26
Q4 25
5.85×
1.98×
Q3 25
1.91×
Q2 25
2.28×
2.46×
Q1 25
1.84×
Q4 24
5.15×
0.84×
Q3 24
1.06×
1.67×
Q2 24
2.10×
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

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