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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and VERRA MOBILITY Corp (VRRM). Click either name above to swap in a different company.

VERRA MOBILITY Corp is the larger business by last-quarter revenue ($257.9M vs $194.8M, roughly 1.3× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 7.3%, a 68.6% gap on every dollar of revenue. On growth, VERRA MOBILITY Corp posted the faster year-over-year revenue change (16.4% vs 10.0%). Over the past eight quarters, VERRA MOBILITY Corp's revenue compounded faster (10.9% CAGR vs 8.9%).

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.

Verra Mobility Corp is a leading global smart mobility technology solution provider. It delivers toll management, parking and traffic compliance enforcement, connected vehicle services, and fleet management tools, serving government transport agencies, rental car operators, commercial fleet owners, and automotive partners across North America, Europe, and Asia-Pacific.

FR vs VRRM — Head-to-Head

Bigger by revenue
VRRM
VRRM
1.3× larger
VRRM
$257.9M
$194.8M
FR
Growing faster (revenue YoY)
VRRM
VRRM
+6.4% gap
VRRM
16.4%
10.0%
FR
Higher net margin
FR
FR
68.6% more per $
FR
75.9%
7.3%
VRRM
Faster 2-yr revenue CAGR
VRRM
VRRM
Annualised
VRRM
10.9%
8.9%
FR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
VRRM
VRRM
Revenue
$194.8M
$257.9M
Net Profit
$147.9M
$18.9M
Gross Margin
Operating Margin
16.7%
Net Margin
75.9%
7.3%
Revenue YoY
10.0%
16.4%
Net Profit YoY
179.7%
128.3%
EPS (diluted)
$1.08
$0.12

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
VRRM
VRRM
Q1 26
$194.8M
Q4 25
$188.4M
$257.9M
Q3 25
$181.4M
$261.9M
Q2 25
$180.2M
$236.0M
Q1 25
$177.1M
$223.3M
Q4 24
$175.6M
$221.5M
Q3 24
$167.6M
$225.6M
Q2 24
$164.1M
$222.4M
Net Profit
FR
FR
VRRM
VRRM
Q1 26
$147.9M
Q4 25
$78.8M
$18.9M
Q3 25
$65.3M
$46.8M
Q2 25
$55.2M
$38.6M
Q1 25
$48.1M
$32.3M
Q4 24
$68.4M
$-66.7M
Q3 24
$99.4M
$34.7M
Q2 24
$51.3M
$34.2M
Operating Margin
FR
FR
VRRM
VRRM
Q1 26
Q4 25
34.6%
16.7%
Q3 25
37.0%
28.6%
Q2 25
31.7%
26.8%
Q1 25
31.2%
25.7%
Q4 24
40.1%
-19.6%
Q3 24
62.6%
28.3%
Q2 24
31.8%
27.5%
Net Margin
FR
FR
VRRM
VRRM
Q1 26
75.9%
Q4 25
41.8%
7.3%
Q3 25
36.0%
17.9%
Q2 25
30.6%
16.3%
Q1 25
27.2%
14.5%
Q4 24
39.0%
-30.1%
Q3 24
59.3%
15.4%
Q2 24
31.3%
15.4%
EPS (diluted)
FR
FR
VRRM
VRRM
Q1 26
$1.08
Q4 25
$0.60
$0.12
Q3 25
$0.49
$0.29
Q2 25
$0.42
$0.24
Q1 25
$0.36
$0.20
Q4 24
$0.51
$-0.39
Q3 24
$0.75
$0.21
Q2 24
$0.39
$0.20

Balance Sheet & Financial Strength

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

Metric
FR
FR
VRRM
VRRM
Cash + ST InvestmentsLiquidity on hand
$65.3M
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$2.9B
$293.0M
Total Assets
$5.8B
$1.6B
Debt / EquityLower = less leverage
3.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
VRRM
VRRM
Q1 26
Q4 25
$78.0M
$65.3M
Q3 25
$33.5M
$196.1M
Q2 25
$34.9M
$147.7M
Q1 25
$35.7M
$108.5M
Q4 24
$44.5M
$77.6M
Q3 24
$47.1M
$206.1M
Q2 24
$38.5M
$122.0M
Total Debt
FR
FR
VRRM
VRRM
Q1 26
Q4 25
$1.0B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
Stockholders' Equity
FR
FR
VRRM
VRRM
Q1 26
$2.9B
Q4 25
$2.7B
$293.0M
Q3 25
$2.7B
$403.1M
Q2 25
$2.6B
$352.1M
Q1 25
$2.7B
$299.6M
Q4 24
$2.7B
$265.1M
Q3 24
$2.6B
$486.5M
Q2 24
$2.6B
$438.6M
Total Assets
FR
FR
VRRM
VRRM
Q1 26
$5.8B
Q4 25
$5.7B
$1.6B
Q3 25
$5.5B
$1.8B
Q2 25
$5.5B
$1.7B
Q1 25
$5.4B
$1.6B
Q4 24
$5.3B
$1.6B
Q3 24
$5.2B
$1.9B
Q2 24
$5.2B
$1.8B
Debt / Equity
FR
FR
VRRM
VRRM
Q1 26
Q4 25
3.51×
Q3 25
2.55×
Q2 25
2.93×
Q1 25
3.45×
Q4 24
3.90×
Q3 24
2.13×
Q2 24
2.36×

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
VRRM
VRRM
Operating Cash FlowLast quarter
$40.0M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
2.12×
TTM Free Cash FlowTrailing 4 quarters
$136.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
VRRM
VRRM
Q1 26
Q4 25
$461.3M
$40.0M
Q3 25
$124.6M
$77.7M
Q2 25
$126.1M
$75.1M
Q1 25
$88.6M
$63.0M
Q4 24
$352.5M
$40.5M
Q3 24
$105.5M
$108.8M
Q2 24
$107.7M
$40.0M
Free Cash Flow
FR
FR
VRRM
VRRM
Q1 26
Q4 25
$5.7M
Q3 25
$49.0M
Q2 25
$40.3M
Q1 25
$41.7M
Q4 24
$21.6M
Q3 24
$85.1M
Q2 24
$26.0M
FCF Margin
FR
FR
VRRM
VRRM
Q1 26
Q4 25
2.2%
Q3 25
18.7%
Q2 25
17.1%
Q1 25
18.7%
Q4 24
9.8%
Q3 24
37.7%
Q2 24
11.7%
Capex Intensity
FR
FR
VRRM
VRRM
Q1 26
Q4 25
13.3%
Q3 25
11.0%
Q2 25
14.8%
Q1 25
9.5%
Q4 24
8.5%
Q3 24
10.5%
Q2 24
6.3%
Cash Conversion
FR
FR
VRRM
VRRM
Q1 26
Q4 25
5.85×
2.12×
Q3 25
1.91×
1.66×
Q2 25
2.28×
1.95×
Q1 25
1.84×
1.95×
Q4 24
5.15×
Q3 24
1.06×
3.13×
Q2 24
2.10×
1.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

VRRM
VRRM

Services$239.5M93%
CA$8.4M3%
GB$5.7M2%
Other Customer$1.6M1%
Parking Solutions$1.1M0%

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