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Side-by-side financial comparison of Primis Financial Corp. (FRST) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.
Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $23.6M, roughly 1.9× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). Primis Financial Corp. runs the higher net margin — 16.0% vs -677.3%, a 693.4% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 8.9%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.
FRST vs NEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $23.6M |
| Net Profit | $7.3M | $-1.4M |
| Gross Margin | — | — |
| Operating Margin | — | 14.0% |
| Net Margin | 16.0% | -677.3% |
| Revenue YoY | — | 15.7% |
| Net Profit YoY | 200.0% | -133.0% |
| EPS (diluted) | $0.30 | — |
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.
| Q1 26 | $45.6M | — | ||
| Q4 25 | $80.9M | $23.6M | ||
| Q3 25 | $41.0M | $23.7M | ||
| Q2 25 | $43.2M | $21.2M | ||
| Q1 25 | $58.7M | $20.7M | ||
| Q4 24 | $38.8M | $20.4M | ||
| Q3 24 | $37.3M | $20.2M | ||
| Q2 24 | $35.7M | $20.1M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $-1.4M | ||
| Q3 25 | $6.8M | $-521.8K | ||
| Q2 25 | $2.4M | $4.1M | ||
| Q1 25 | $22.6M | $3.8M | ||
| Q4 24 | $-26.2M | $4.2M | ||
| Q3 24 | $1.2M | $3.9M | ||
| Q2 24 | $3.4M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | 44.8% | 14.0% | ||
| Q3 25 | 21.3% | 20.0% | ||
| Q2 25 | 6.9% | 33.3% | ||
| Q1 25 | 41.9% | 30.1% | ||
| Q4 24 | -123.0% | 32.4% | ||
| Q3 24 | -3.1% | 32.0% | ||
| Q2 24 | 7.8% | 32.6% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | -677.3% | ||
| Q3 25 | 16.7% | -2.2% | ||
| Q2 25 | 5.6% | 19.5% | ||
| Q1 25 | 38.6% | 18.3% | ||
| Q4 24 | -100.3% | 20.7% | ||
| Q3 24 | 3.3% | 19.3% | ||
| Q2 24 | 9.6% | 20.3% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | — | ||
| Q3 25 | $0.28 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.92 | — | ||
| Q4 24 | $-0.95 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.14 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $159.9M | $26.7M |
| Total DebtLower is stronger | — | $531.0M |
| Stockholders' EquityBook value | $427.2M | — |
| Total Assets | $4.3B | $505.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $26.7M | ||
| Q3 25 | $63.9M | $13.4M | ||
| Q2 25 | $94.1M | $16.7M | ||
| Q1 25 | $57.0M | $30.9M | ||
| Q4 24 | $64.5M | $17.6M | ||
| Q3 24 | $77.3M | $15.1M | ||
| Q2 24 | $66.6M | $13.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $514.2M | ||
| Q2 25 | — | $514.3M | ||
| Q1 25 | — | $407.8M | ||
| Q4 24 | — | $408.6M | ||
| Q3 24 | — | $409.3M | ||
| Q2 24 | — | $410.0M |
| Q1 26 | $427.2M | — | ||
| Q4 25 | $422.9M | — | ||
| Q3 25 | $382.2M | — | ||
| Q2 25 | $376.4M | — | ||
| Q1 25 | $375.6M | — | ||
| Q4 24 | $351.8M | — | ||
| Q3 24 | $381.0M | — | ||
| Q2 24 | $376.0M | — |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $505.3M | ||
| Q3 25 | $4.0B | $492.9M | ||
| Q2 25 | $3.9B | $494.8M | ||
| Q1 25 | $3.7B | $385.2M | ||
| Q4 24 | $3.7B | $393.5M | ||
| Q3 24 | $4.0B | $387.4M | ||
| Q2 24 | $4.0B | $383.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $27.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.8M | $27.7M | ||
| Q3 25 | $-11.4M | $2.3M | ||
| Q2 25 | $-41.0M | $12.5M | ||
| Q1 25 | $34.4M | $5.5M | ||
| Q4 24 | $19.5M | $31.9M | ||
| Q3 24 | $6.1M | $8.5M | ||
| Q2 24 | $52.3M | $5.4M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | 3.02× | ||
| Q1 25 | 1.52× | 1.44× | ||
| Q4 24 | — | 7.57× | ||
| Q3 24 | 4.93× | 2.17× | ||
| Q2 24 | 15.21× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
NEN
Segment breakdown not available.
