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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and TOYO Co., Ltd (TOYO). 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 $139.1M, roughly 1.4× TOYO Co., Ltd). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 2.5%, a 73.4% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 0.7%).

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.

Toyo Tire Corporation , commonly known as Toyo Tires, is a multinational tire and rubber products company based in Itami, Japan. The company owns and operates eight factories in Asia, North America, and Europe and distributes tires and automotive components through fourteen sales companies throughout the world.

FR vs TOYO — Head-to-Head

Bigger by revenue
FR
FR
1.4× larger
FR
$194.8M
$139.1M
TOYO
Growing faster (revenue YoY)
FR
FR
+9.3% gap
FR
10.0%
0.7%
TOYO
Higher net margin
FR
FR
73.4% more per $
FR
75.9%
2.5%
TOYO

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
FR
FR
TOYO
TOYO
Revenue
$194.8M
$139.1M
Net Profit
$147.9M
$3.5M
Gross Margin
16.6%
Operating Margin
7.0%
Net Margin
75.9%
2.5%
Revenue YoY
10.0%
0.7%
Net Profit YoY
179.7%
-82.3%
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
TOYO
TOYO
Q1 26
$194.8M
Q4 25
$188.4M
Q3 25
$181.4M
Q2 25
$180.2M
$139.1M
Q1 25
$177.1M
Q4 24
$175.6M
Q3 24
$167.6M
Q2 24
$164.1M
$138.1M
Net Profit
FR
FR
TOYO
TOYO
Q1 26
$147.9M
Q4 25
$78.8M
Q3 25
$65.3M
Q2 25
$55.2M
$3.5M
Q1 25
$48.1M
Q4 24
$68.4M
Q3 24
$99.4M
Q2 24
$51.3M
$19.6M
Gross Margin
FR
FR
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
16.6%
Q1 25
Q4 24
Q3 24
Q2 24
19.3%
Operating Margin
FR
FR
TOYO
TOYO
Q1 26
Q4 25
34.6%
Q3 25
37.0%
Q2 25
31.7%
7.0%
Q1 25
31.2%
Q4 24
40.1%
Q3 24
62.6%
Q2 24
31.8%
16.3%
Net Margin
FR
FR
TOYO
TOYO
Q1 26
75.9%
Q4 25
41.8%
Q3 25
36.0%
Q2 25
30.6%
2.5%
Q1 25
27.2%
Q4 24
39.0%
Q3 24
59.3%
Q2 24
31.3%
14.2%
EPS (diluted)
FR
FR
TOYO
TOYO
Q1 26
$1.08
Q4 25
$0.60
Q3 25
$0.49
Q2 25
$0.42
$0.10
Q1 25
$0.36
Q4 24
$0.51
Q3 24
$0.75
Q2 24
$0.39
$0.48

Balance Sheet & Financial Strength

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

Metric
FR
FR
TOYO
TOYO
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$13.7M
Stockholders' EquityBook value
$2.9B
$67.0M
Total Assets
$5.8B
$353.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
TOYO
TOYO
Q1 26
Q4 25
$78.0M
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
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
$13.7M
Q1 25
Q4 24
Q3 24
Q2 24
$22.4M
Stockholders' Equity
FR
FR
TOYO
TOYO
Q1 26
$2.9B
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
$67.0M
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$2.6B
$73.4M
Total Assets
FR
FR
TOYO
TOYO
Q1 26
$5.8B
Q4 25
$5.7B
Q3 25
$5.5B
Q2 25
$5.5B
$353.6M
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.2B
Q2 24
$5.2B
$241.4M
Debt / Equity
FR
FR
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
0.20×
Q1 25
Q4 24
Q3 24
Q2 24
0.31×

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
TOYO
TOYO
Operating Cash FlowLast quarter
$40.0M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-5.1%
Capex IntensityCapex / Revenue
33.9%
Cash ConversionOCF / Net Profit
11.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
TOYO
TOYO
Q1 26
Q4 25
$461.3M
Q3 25
$124.6M
Q2 25
$126.1M
$40.0M
Q1 25
$88.6M
Q4 24
$352.5M
Q3 24
$105.5M
Q2 24
$107.7M
$21.8M
Free Cash Flow
FR
FR
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
$-7.1M
Q1 25
Q4 24
Q3 24
Q2 24
$5.2M
FCF Margin
FR
FR
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
-5.1%
Q1 25
Q4 24
Q3 24
Q2 24
3.8%
Capex Intensity
FR
FR
TOYO
TOYO
Q1 26
Q4 25
Q3 25
Q2 25
33.9%
Q1 25
Q4 24
Q3 24
Q2 24
12.0%
Cash Conversion
FR
FR
TOYO
TOYO
Q1 26
Q4 25
5.85×
Q3 25
1.91×
Q2 25
2.28×
11.55×
Q1 25
1.84×
Q4 24
5.15×
Q3 24
1.06×
Q2 24
2.10×
1.11×

Financial Flow Comparison

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

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