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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Twist Bioscience Corp (TWST). 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 $103.7M, roughly 1.9× Twist Bioscience Corp). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs -29.4%, a 105.3% gap on every dollar of revenue. On growth, Twist Bioscience Corp posted the faster year-over-year revenue change (16.9% vs 10.0%).

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.

Twist Bioscience is a public biotechnology company based in South San Francisco that manufactures synthetic DNA and DNA products for customers in a wide range of industries. Twist was founded in 2013 by Emily Leproust, Bill Banyai, and Bill Peck.

FR vs TWST — Head-to-Head

Bigger by revenue
FR
FR
1.9× larger
FR
$194.8M
$103.7M
TWST
Growing faster (revenue YoY)
TWST
TWST
+6.9% gap
TWST
16.9%
10.0%
FR
Higher net margin
FR
FR
105.3% more per $
FR
75.9%
-29.4%
TWST

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FR
FR
TWST
TWST
Revenue
$194.8M
$103.7M
Net Profit
$147.9M
$-30.5M
Gross Margin
52.0%
Operating Margin
-31.7%
Net Margin
75.9%
-29.4%
Revenue YoY
10.0%
16.9%
Net Profit YoY
179.7%
3.4%
EPS (diluted)
$1.08
$-0.50

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
TWST
TWST
Q1 26
$194.8M
Q4 25
$188.4M
$103.7M
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
TWST
TWST
Q1 26
$147.9M
Q4 25
$78.8M
$-30.5M
Q3 25
$65.3M
Q2 25
$55.2M
Q1 25
$48.1M
Q4 24
$68.4M
Q3 24
$99.4M
Q2 24
$51.3M
Gross Margin
FR
FR
TWST
TWST
Q1 26
Q4 25
52.0%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
FR
FR
TWST
TWST
Q1 26
Q4 25
34.6%
-31.7%
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
TWST
TWST
Q1 26
75.9%
Q4 25
41.8%
-29.4%
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
TWST
TWST
Q1 26
$1.08
Q4 25
$0.60
$-0.50
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
TWST
TWST
Cash + ST InvestmentsLiquidity on hand
$197.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$456.1M
Total Assets
$5.8B
$638.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
TWST
TWST
Q1 26
Q4 25
$78.0M
$197.9M
Q3 25
$33.5M
Q2 25
$34.9M
Q1 25
$35.7M
Q4 24
$44.5M
Q3 24
$47.1M
Q2 24
$38.5M
Stockholders' Equity
FR
FR
TWST
TWST
Q1 26
$2.9B
Q4 25
$2.7B
$456.1M
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
TWST
TWST
Q1 26
$5.8B
Q4 25
$5.7B
$638.1M
Q3 25
$5.5B
Q2 25
$5.5B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.2B
Q2 24
$5.2B

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
TWST
TWST
Operating Cash FlowLast quarter
$-24.8M
Free Cash FlowOCF − Capex
$-34.8M
FCF MarginFCF / Revenue
-33.5%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
TWST
TWST
Q1 26
Q4 25
$461.3M
$-24.8M
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
TWST
TWST
Q1 26
Q4 25
$-34.8M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
FR
FR
TWST
TWST
Q1 26
Q4 25
-33.5%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
FR
FR
TWST
TWST
Q1 26
Q4 25
9.6%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
FR
FR
TWST
TWST
Q1 26
Q4 25
5.85×
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.

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

TWST
TWST

Industrial Chemicals$37.2M36%
Diagnostics$35.3M34%
Food Or Agriculture$12.8M12%
Academic Research$12.2M12%
Health Care$6.1M6%

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