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

WORTHINGTON ENTERPRISES, INC. is the larger business by last-quarter revenue ($327.5M vs $194.8M, roughly 1.7× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 8.3%, a 67.6% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% 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.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

FR vs WOR — Head-to-Head

Bigger by revenue
WOR
WOR
1.7× larger
WOR
$327.5M
$194.8M
FR
Growing faster (revenue YoY)
WOR
WOR
+9.5% gap
WOR
19.5%
10.0%
FR
Higher net margin
FR
FR
67.6% more per $
FR
75.9%
8.3%
WOR

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FR
FR
WOR
WOR
Revenue
$194.8M
$327.5M
Net Profit
$147.9M
$27.3M
Gross Margin
25.8%
Operating Margin
3.7%
Net Margin
75.9%
8.3%
Revenue YoY
10.0%
19.5%
Net Profit YoY
179.7%
-3.3%
EPS (diluted)
$1.08
$0.55

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
WOR
WOR
Q1 26
$194.8M
Q4 25
$188.4M
$327.5M
Q3 25
$181.4M
$303.7M
Q2 25
$180.2M
Q1 25
$177.1M
Q4 24
$175.6M
Q3 24
$167.6M
Q2 24
$164.1M
Net Profit
FR
FR
WOR
WOR
Q1 26
$147.9M
Q4 25
$78.8M
$27.3M
Q3 25
$65.3M
$35.1M
Q2 25
$55.2M
Q1 25
$48.1M
Q4 24
$68.4M
Q3 24
$99.4M
Q2 24
$51.3M
Gross Margin
FR
FR
WOR
WOR
Q1 26
Q4 25
25.8%
Q3 25
27.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
FR
FR
WOR
WOR
Q1 26
Q4 25
34.6%
3.7%
Q3 25
37.0%
3.0%
Q2 25
31.7%
Q1 25
31.2%
Q4 24
40.1%
Q3 24
62.6%
Q2 24
31.8%
Net Margin
FR
FR
WOR
WOR
Q1 26
75.9%
Q4 25
41.8%
8.3%
Q3 25
36.0%
11.6%
Q2 25
30.6%
Q1 25
27.2%
Q4 24
39.0%
Q3 24
59.3%
Q2 24
31.3%
EPS (diluted)
FR
FR
WOR
WOR
Q1 26
$1.08
Q4 25
$0.60
$0.55
Q3 25
$0.49
$0.70
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
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$180.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$962.6M
Total Assets
$5.8B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
WOR
WOR
Q1 26
Q4 25
$78.0M
$180.3M
Q3 25
$33.5M
$167.1M
Q2 25
$34.9M
Q1 25
$35.7M
Q4 24
$44.5M
Q3 24
$47.1M
Q2 24
$38.5M
Stockholders' Equity
FR
FR
WOR
WOR
Q1 26
$2.9B
Q4 25
$2.7B
$962.6M
Q3 25
$2.7B
$959.1M
Q2 25
$2.6B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$2.6B
Total Assets
FR
FR
WOR
WOR
Q1 26
$5.8B
Q4 25
$5.7B
$1.8B
Q3 25
$5.5B
$1.7B
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
WOR
WOR
Operating Cash FlowLast quarter
$51.5M
Free Cash FlowOCF − Capex
$39.1M
FCF MarginFCF / Revenue
11.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
WOR
WOR
Q1 26
Q4 25
$461.3M
$51.5M
Q3 25
$124.6M
$41.1M
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
WOR
WOR
Q1 26
Q4 25
$39.1M
Q3 25
$27.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
FR
FR
WOR
WOR
Q1 26
Q4 25
11.9%
Q3 25
9.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
FR
FR
WOR
WOR
Q1 26
Q4 25
3.8%
Q3 25
4.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
FR
FR
WOR
WOR
Q1 26
Q4 25
5.85×
1.89×
Q3 25
1.91×
1.17×
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.

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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