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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and Wingstop Inc. (WING). 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 $183.7M, roughly 1.1× Wingstop Inc.). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 16.3%, a 59.7% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs 7.4%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs 8.6%).

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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

FR vs WING — Head-to-Head

Bigger by revenue
FR
FR
1.1× larger
FR
$194.8M
$183.7M
WING
Growing faster (revenue YoY)
FR
FR
+2.6% gap
FR
10.0%
7.4%
WING
Higher net margin
FR
FR
59.7% more per $
FR
75.9%
16.3%
WING
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
8.6%
WING

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FR
FR
WING
WING
Revenue
$194.8M
$183.7M
Net Profit
$147.9M
$29.9M
Gross Margin
86.5%
Operating Margin
27.4%
Net Margin
75.9%
16.3%
Revenue YoY
10.0%
7.4%
Net Profit YoY
179.7%
EPS (diluted)
$1.08
$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
WING
WING
Q1 26
$194.8M
$183.7M
Q4 25
$188.4M
$175.7M
Q3 25
$181.4M
$175.7M
Q2 25
$180.2M
$174.3M
Q1 25
$177.1M
$171.1M
Q4 24
$175.6M
$161.8M
Q3 24
$167.6M
$162.5M
Q2 24
$164.1M
$155.7M
Net Profit
FR
FR
WING
WING
Q1 26
$147.9M
$29.9M
Q4 25
$78.8M
$26.8M
Q3 25
$65.3M
$28.5M
Q2 25
$55.2M
$26.8M
Q1 25
$48.1M
$92.3M
Q4 24
$68.4M
$26.8M
Q3 24
$99.4M
$25.7M
Q2 24
$51.3M
$27.5M
Gross Margin
FR
FR
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
FR
FR
WING
WING
Q1 26
27.4%
Q4 25
34.6%
26.7%
Q3 25
37.0%
27.9%
Q2 25
31.7%
25.9%
Q1 25
31.2%
22.4%
Q4 24
40.1%
25.9%
Q3 24
62.6%
24.5%
Q2 24
31.8%
26.5%
Net Margin
FR
FR
WING
WING
Q1 26
75.9%
16.3%
Q4 25
41.8%
15.2%
Q3 25
36.0%
16.2%
Q2 25
30.6%
15.4%
Q1 25
27.2%
53.9%
Q4 24
39.0%
16.5%
Q3 24
59.3%
15.8%
Q2 24
31.3%
17.7%
EPS (diluted)
FR
FR
WING
WING
Q1 26
$1.08
$1.08
Q4 25
$0.60
$0.99
Q3 25
$0.49
$1.02
Q2 25
$0.42
$0.96
Q1 25
$0.36
$3.24
Q4 24
$0.51
$0.91
Q3 24
$0.75
$0.88
Q2 24
$0.39
$0.93

Balance Sheet & Financial Strength

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

Metric
FR
FR
WING
WING
Cash + ST InvestmentsLiquidity on hand
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
Total Assets
$5.8B
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
WING
WING
Q1 26
$128.8M
Q4 25
$78.0M
$196.6M
Q3 25
$33.5M
$237.6M
Q2 25
$34.9M
$227.9M
Q1 25
$35.7M
$251.4M
Q4 24
$44.5M
$315.9M
Q3 24
$47.1M
$84.0M
Q2 24
$38.5M
$96.7M
Total Debt
FR
FR
WING
WING
Q1 26
Q4 25
$1.2B
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
FR
FR
WING
WING
Q1 26
$2.9B
Q4 25
$2.7B
$-736.8M
Q3 25
$2.7B
$-702.6M
Q2 25
$2.6B
$-686.0M
Q1 25
$2.7B
$-715.0M
Q4 24
$2.7B
$-675.6M
Q3 24
$2.6B
$-447.5M
Q2 24
$2.6B
$-437.5M
Total Assets
FR
FR
WING
WING
Q1 26
$5.8B
$648.9M
Q4 25
$5.7B
$693.4M
Q3 25
$5.5B
$721.0M
Q2 25
$5.5B
$708.3M
Q1 25
$5.4B
$696.8M
Q4 24
$5.3B
$716.2M
Q3 24
$5.2B
$484.8M
Q2 24
$5.2B
$451.8M

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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