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

Sarepta Therapeutics, Inc. is the larger business by last-quarter revenue ($369.6M vs $194.8M, roughly 1.9× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs -111.5%, a 187.5% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs -42.1%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs 1.4%).

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.

Sarepta Therapeutics, Inc. is a medical research and drug development company with corporate offices and research facilities in Cambridge, Massachusetts, United States. Incorporated in 1980 as AntiVirals, shortly before going public the company changed its name from AntiVirals to AVI BioPharma soon with stock symbol AVII and in July 2012 changed name from AVI BioPharma to Sarepta Therapeutics and SRPT respectively. As of 2023, the company has four approved drugs.

FR vs SRPT — Head-to-Head

Bigger by revenue
SRPT
SRPT
1.9× larger
SRPT
$369.6M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+52.1% gap
FR
10.0%
-42.1%
SRPT
Higher net margin
FR
FR
187.5% more per $
FR
75.9%
-111.5%
SRPT
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
1.4%
SRPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
SRPT
SRPT
Revenue
$194.8M
$369.6M
Net Profit
$147.9M
$-412.2M
Gross Margin
Operating Margin
-111.4%
Net Margin
75.9%
-111.5%
Revenue YoY
10.0%
-42.1%
Net Profit YoY
179.7%
-359.2%
EPS (diluted)
$1.08
$-3.92

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
SRPT
SRPT
Q1 26
$194.8M
Q4 25
$188.4M
$369.6M
Q3 25
$181.4M
$370.0M
Q2 25
$180.2M
$513.1M
Q1 25
$177.1M
$611.5M
Q4 24
$175.6M
$638.2M
Q3 24
$167.6M
$429.8M
Q2 24
$164.1M
$360.5M
Net Profit
FR
FR
SRPT
SRPT
Q1 26
$147.9M
Q4 25
$78.8M
$-412.2M
Q3 25
$65.3M
$-50.6M
Q2 25
$55.2M
$196.9M
Q1 25
$48.1M
$-447.5M
Q4 24
$68.4M
$159.0M
Q3 24
$99.4M
$33.6M
Q2 24
$51.3M
$6.5M
Gross Margin
FR
FR
SRPT
SRPT
Q1 26
Q4 25
Q3 25
59.3%
Q2 25
70.3%
Q1 25
77.5%
Q4 24
Q3 24
78.7%
Q2 24
87.6%
Operating Margin
FR
FR
SRPT
SRPT
Q1 26
Q4 25
34.6%
-111.4%
Q3 25
37.0%
-27.9%
Q2 25
31.7%
22.5%
Q1 25
31.2%
-49.1%
Q4 24
40.1%
25.3%
Q3 24
62.6%
5.2%
Q2 24
31.8%
-0.2%
Net Margin
FR
FR
SRPT
SRPT
Q1 26
75.9%
Q4 25
41.8%
-111.5%
Q3 25
36.0%
-13.7%
Q2 25
30.6%
38.4%
Q1 25
27.2%
-73.2%
Q4 24
39.0%
24.9%
Q3 24
59.3%
7.8%
Q2 24
31.3%
1.8%
EPS (diluted)
FR
FR
SRPT
SRPT
Q1 26
$1.08
Q4 25
$0.60
$-3.92
Q3 25
$0.49
$-0.50
Q2 25
$0.42
$1.89
Q1 25
$0.36
$-4.60
Q4 24
$0.51
$1.56
Q3 24
$0.75
$0.34
Q2 24
$0.39
$0.07

Balance Sheet & Financial Strength

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

Metric
FR
FR
SRPT
SRPT
Cash + ST InvestmentsLiquidity on hand
$939.6M
Total DebtLower is stronger
$829.0M
Stockholders' EquityBook value
$2.9B
$1.1B
Total Assets
$5.8B
$3.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
SRPT
SRPT
Q1 26
Q4 25
$78.0M
$939.6M
Q3 25
$33.5M
$851.0M
Q2 25
$34.9M
$800.1M
Q1 25
$35.7M
$522.8M
Q4 24
$44.5M
$1.4B
Q3 24
$47.1M
$1.2B
Q2 24
$38.5M
$1.5B
Total Debt
FR
FR
SRPT
SRPT
Q1 26
Q4 25
$829.0M
Q3 25
$140.5M
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
$1.2B
Q2 24
$1.2B
Stockholders' Equity
FR
FR
SRPT
SRPT
Q1 26
$2.9B
Q4 25
$2.7B
$1.1B
Q3 25
$2.7B
$1.3B
Q2 25
$2.6B
$1.4B
Q1 25
$2.7B
$1.1B
Q4 24
$2.7B
$1.5B
Q3 24
$2.6B
$1.2B
Q2 24
$2.6B
$1.1B
Total Assets
FR
FR
SRPT
SRPT
Q1 26
$5.8B
Q4 25
$5.7B
$3.3B
Q3 25
$5.5B
$3.5B
Q2 25
$5.5B
$3.7B
Q1 25
$5.4B
$3.5B
Q4 24
$5.3B
$4.0B
Q3 24
$5.2B
$3.6B
Q2 24
$5.2B
$3.4B
Debt / Equity
FR
FR
SRPT
SRPT
Q1 26
Q4 25
0.73×
Q3 25
0.11×
Q2 25
Q1 25
Q4 24
0.74×
Q3 24
1.01×
Q2 24
1.14×

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
SRPT
SRPT
Operating Cash FlowLast quarter
$131.2M
Free Cash FlowOCF − Capex
$127.6M
FCF MarginFCF / Revenue
34.5%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-307.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
SRPT
SRPT
Q1 26
Q4 25
$461.3M
$131.2M
Q3 25
$124.6M
$-14.6M
Q2 25
$126.1M
$261.3M
Q1 25
$88.6M
$-583.4M
Q4 24
$352.5M
$92.0M
Q3 24
$105.5M
$-70.7M
Q2 24
$107.7M
$14.9M
Free Cash Flow
FR
FR
SRPT
SRPT
Q1 26
Q4 25
$127.6M
Q3 25
$-37.5M
Q2 25
$229.5M
Q1 25
$-627.1M
Q4 24
$54.0M
Q3 24
$-108.0M
Q2 24
$-14.2M
FCF Margin
FR
FR
SRPT
SRPT
Q1 26
Q4 25
34.5%
Q3 25
-10.1%
Q2 25
44.7%
Q1 25
-102.5%
Q4 24
8.5%
Q3 24
-25.1%
Q2 24
-3.9%
Capex Intensity
FR
FR
SRPT
SRPT
Q1 26
Q4 25
1.0%
Q3 25
6.2%
Q2 25
6.2%
Q1 25
7.1%
Q4 24
6.0%
Q3 24
8.7%
Q2 24
8.1%
Cash Conversion
FR
FR
SRPT
SRPT
Q1 26
Q4 25
5.85×
Q3 25
1.91×
Q2 25
2.28×
1.33×
Q1 25
1.84×
Q4 24
5.15×
0.58×
Q3 24
1.06×
-2.10×
Q2 24
2.10×
2.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

SRPT
SRPT

Pmo Products$202.5M55%
Elevidys$110.4M30%
Other$56.7M15%

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