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

Cactus, Inc. is the larger business by last-quarter revenue ($261.2M vs $194.8M, roughly 1.3× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 15.3%, a 60.7% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs -4.0%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs -2.4%).

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.

Cactus Club Cafe is a Canadian-owned chain of premium casual restaurants that originated in North Vancouver, British Columbia. The chain has since expanded to 34 locations throughout Canada, with other locations throughout British Columbia, Alberta, Saskatchewan, Ontario and the United States

FR vs WHD — Head-to-Head

Bigger by revenue
WHD
WHD
1.3× larger
WHD
$261.2M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+14.0% gap
FR
10.0%
-4.0%
WHD
Higher net margin
FR
FR
60.7% more per $
FR
75.9%
15.3%
WHD
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
-2.4%
WHD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
WHD
WHD
Revenue
$194.8M
$261.2M
Net Profit
$147.9M
$39.8M
Gross Margin
36.2%
Operating Margin
22.9%
Net Margin
75.9%
15.3%
Revenue YoY
10.0%
-4.0%
Net Profit YoY
179.7%
-14.7%
EPS (diluted)
$1.08

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
WHD
WHD
Q1 26
$194.8M
Q4 25
$188.4M
$261.2M
Q3 25
$181.4M
$264.0M
Q2 25
$180.2M
$273.6M
Q1 25
$177.1M
$280.3M
Q4 24
$175.6M
$272.1M
Q3 24
$167.6M
$293.2M
Q2 24
$164.1M
$290.4M
Net Profit
FR
FR
WHD
WHD
Q1 26
$147.9M
Q4 25
$78.8M
$39.8M
Q3 25
$65.3M
$41.6M
Q2 25
$55.2M
$40.3M
Q1 25
$48.1M
$44.2M
Q4 24
$68.4M
$46.7M
Q3 24
$99.4M
$49.9M
Q2 24
$51.3M
$49.8M
Gross Margin
FR
FR
WHD
WHD
Q1 26
Q4 25
36.2%
Q3 25
36.8%
Q2 25
36.6%
Q1 25
38.4%
Q4 24
37.8%
Q3 24
39.0%
Q2 24
39.2%
Operating Margin
FR
FR
WHD
WHD
Q1 26
Q4 25
34.6%
22.9%
Q3 25
37.0%
23.2%
Q2 25
31.7%
22.2%
Q1 25
31.2%
24.5%
Q4 24
40.1%
25.9%
Q3 24
62.6%
26.2%
Q2 24
31.8%
27.5%
Net Margin
FR
FR
WHD
WHD
Q1 26
75.9%
Q4 25
41.8%
15.3%
Q3 25
36.0%
15.8%
Q2 25
30.6%
14.7%
Q1 25
27.2%
15.8%
Q4 24
39.0%
17.2%
Q3 24
59.3%
17.0%
Q2 24
31.3%
17.2%
EPS (diluted)
FR
FR
WHD
WHD
Q1 26
$1.08
Q4 25
$0.60
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
WHD
WHD
Cash + ST InvestmentsLiquidity on hand
$123.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$2.9B
$1.2B
Total Assets
$5.8B
$1.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
WHD
WHD
Q1 26
Q4 25
$78.0M
$123.6M
Q3 25
$33.5M
$445.6M
Q2 25
$34.9M
$405.2M
Q1 25
$35.7M
$347.7M
Q4 24
$44.5M
$342.8M
Q3 24
$47.1M
$303.4M
Q2 24
$38.5M
$246.5M
Total Debt
FR
FR
WHD
WHD
Q1 26
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Stockholders' Equity
FR
FR
WHD
WHD
Q1 26
$2.9B
Q4 25
$2.7B
$1.2B
Q3 25
$2.7B
$1.2B
Q2 25
$2.6B
$1.1B
Q1 25
$2.7B
$1.1B
Q4 24
$2.7B
$1.1B
Q3 24
$2.6B
$1.0B
Q2 24
$2.6B
$954.7M
Total Assets
FR
FR
WHD
WHD
Q1 26
$5.8B
Q4 25
$5.7B
$1.9B
Q3 25
$5.5B
$1.9B
Q2 25
$5.5B
$1.8B
Q1 25
$5.4B
$1.8B
Q4 24
$5.3B
$1.7B
Q3 24
$5.2B
$1.7B
Q2 24
$5.2B
$1.6B
Debt / Equity
FR
FR
WHD
WHD
Q1 26
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

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
WHD
WHD
Operating Cash FlowLast quarter
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
WHD
WHD
Q1 26
Q4 25
$461.3M
$72.3M
Q3 25
$124.6M
$61.8M
Q2 25
$126.1M
$82.8M
Q1 25
$88.6M
$41.5M
Q4 24
$352.5M
$66.6M
Q3 24
$105.5M
$85.3M
Q2 24
$107.7M
$78.0M
Cash Conversion
FR
FR
WHD
WHD
Q1 26
Q4 25
5.85×
1.81×
Q3 25
1.91×
1.48×
Q2 25
2.28×
2.05×
Q1 25
1.84×
0.94×
Q4 24
5.15×
1.43×
Q3 24
1.06×
1.71×
Q2 24
2.10×
1.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

WHD
WHD

Products$201.4M77%
Other$40.8M16%
Rental Revenue$19.0M7%

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