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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $173.0M, roughly 1.9× Fastly, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -11.9%, a 50.5% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs 8.7%). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (14.3% CAGR vs 6.5%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
FRT vs FSLY — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $173.0M |
| Net Profit | $129.7M | $-20.5M |
| Gross Margin | — | 62.5% |
| Operating Margin | 53.8% | 23.7% |
| Net Margin | 38.6% | -11.9% |
| Revenue YoY | 8.7% | 19.8% |
| Net Profit YoY | 103.5% | 47.6% |
| EPS (diluted) | $1.49 | $-0.13 |
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 | $336.0M | $173.0M | ||
| Q4 25 | $336.0M | $172.6M | ||
| Q3 25 | $322.3M | $158.2M | ||
| Q2 25 | $311.5M | $148.7M | ||
| Q1 25 | $309.2M | $144.5M | ||
| Q4 24 | $311.4M | $140.6M | ||
| Q3 24 | $303.6M | $137.2M | ||
| Q2 24 | $296.1M | $132.4M |
| Q1 26 | $129.7M | $-20.5M | ||
| Q4 25 | $129.7M | $-15.5M | ||
| Q3 25 | $61.6M | $-29.5M | ||
| Q2 25 | $155.9M | $-37.5M | ||
| Q1 25 | $63.8M | $-39.1M | ||
| Q4 24 | $65.5M | $-32.9M | ||
| Q3 24 | $61.0M | $-38.0M | ||
| Q2 24 | $112.0M | $-43.7M |
| Q1 26 | — | 62.5% | ||
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 54.5% | ||
| Q1 25 | — | 53.2% | ||
| Q4 24 | — | 53.4% | ||
| Q3 24 | — | 54.5% | ||
| Q2 24 | — | 55.1% |
| Q1 26 | 53.8% | 23.7% | ||
| Q4 25 | 53.8% | -8.7% | ||
| Q3 25 | 34.3% | -18.2% | ||
| Q2 25 | 65.1% | -24.8% | ||
| Q1 25 | 35.0% | -26.4% | ||
| Q4 24 | 35.1% | -24.4% | ||
| Q3 24 | 34.9% | -29.6% | ||
| Q2 24 | 53.0% | -35.3% |
| Q1 26 | 38.6% | -11.9% | ||
| Q4 25 | 38.6% | -9.0% | ||
| Q3 25 | 19.1% | -18.6% | ||
| Q2 25 | 50.0% | -25.2% | ||
| Q1 25 | 20.6% | -27.1% | ||
| Q4 24 | 21.0% | -23.4% | ||
| Q3 24 | 20.1% | -27.7% | ||
| Q2 24 | 37.8% | -33.0% |
| Q1 26 | $1.49 | $-0.13 | ||
| Q4 25 | $1.49 | $-0.10 | ||
| Q3 25 | $0.69 | $-0.20 | ||
| Q2 25 | $1.78 | $-0.26 | ||
| Q1 25 | $0.72 | $-0.27 | ||
| Q4 24 | $0.74 | $-0.23 | ||
| Q3 24 | $0.70 | $-0.27 | ||
| Q2 24 | $1.32 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.4M | $146.7M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $977.1M |
| Total Assets | $9.1B | $1.5B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $146.7M | ||
| Q4 25 | $107.4M | $361.8M | ||
| Q3 25 | $111.3M | $342.9M | ||
| Q2 25 | $177.0M | $321.2M | ||
| Q1 25 | $109.2M | $307.3M | ||
| Q4 24 | $123.4M | $295.9M | ||
| Q3 24 | $97.0M | $308.2M | ||
| Q2 24 | $103.2M | $311.8M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | $977.1M | ||
| Q4 25 | $3.2B | $929.6M | ||
| Q3 25 | $3.2B | $937.0M | ||
| Q2 25 | $3.2B | $942.6M | ||
| Q1 25 | $3.2B | $957.0M | ||
| Q4 24 | $3.2B | $965.3M | ||
| Q3 24 | $3.1B | $969.5M | ||
| Q2 24 | $3.0B | $981.2M |
| Q1 26 | $9.1B | $1.5B | ||
| Q4 25 | $9.1B | $1.5B | ||
| Q3 25 | $8.9B | $1.5B | ||
| Q2 25 | $8.6B | $1.5B | ||
| Q1 25 | $8.6B | $1.4B | ||
| Q4 24 | $8.5B | $1.5B | ||
| Q3 24 | $8.5B | $1.5B | ||
| Q2 24 | $8.4B | $1.5B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $28.9M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 2.4% |
| Capex IntensityCapex / Revenue | — | 14.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $55.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.9M | ||
| Q4 25 | $622.4M | $22.4M | ||
| Q3 25 | $147.8M | $28.9M | ||
| Q2 25 | $150.7M | $25.8M | ||
| Q1 25 | $179.0M | $17.3M | ||
| Q4 24 | $574.6M | $5.2M | ||
| Q3 24 | $144.1M | $5.0M | ||
| Q2 24 | $169.7M | $-4.9M |
| Q1 26 | — | $4.1M | ||
| Q4 25 | — | $12.2M | ||
| Q3 25 | — | $22.9M | ||
| Q2 25 | — | $15.9M | ||
| Q1 25 | — | $14.7M | ||
| Q4 24 | — | $251.0K | ||
| Q3 24 | — | $3.0M | ||
| Q2 24 | — | $-6.7M |
| Q1 26 | — | 2.4% | ||
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | -5.1% |
| Q1 26 | — | 14.3% | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 2.40× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 8.77× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
FSLY
| Network Services | $126.2M | 73% |
| Security | $38.8M | 22% |
| Other | $8.0M | 5% |
