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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Great Lakes Dredge & Dock CORP (GLDD). 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 $256.5M, roughly 1.3× Great Lakes Dredge & Dock CORP). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 4.9%, a 33.7% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 8.7%). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% 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.

Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.

FRT vs GLDD — Head-to-Head

Bigger by revenue
FRT
FRT
1.3× larger
FRT
$336.0M
$256.5M
GLDD
Growing faster (revenue YoY)
GLDD
GLDD
+17.8% gap
GLDD
26.5%
8.7%
FRT
Higher net margin
FRT
FRT
33.7% more per $
FRT
38.6%
4.9%
GLDD
Faster 2-yr revenue CAGR
GLDD
GLDD
Annualised
GLDD
13.6%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
GLDD
GLDD
Revenue
$336.0M
$256.5M
Net Profit
$129.7M
$12.6M
Gross Margin
20.9%
Operating Margin
53.8%
12.7%
Net Margin
38.6%
4.9%
Revenue YoY
8.7%
26.5%
Net Profit YoY
103.5%
-35.9%
EPS (diluted)
$1.49
$0.19

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
FRT
FRT
GLDD
GLDD
Q1 26
$336.0M
Q4 25
$336.0M
$256.5M
Q3 25
$322.3M
$195.2M
Q2 25
$311.5M
$193.8M
Q1 25
$309.2M
$242.9M
Q4 24
$311.4M
$202.8M
Q3 24
$303.6M
$191.2M
Q2 24
$296.1M
$170.1M
Net Profit
FRT
FRT
GLDD
GLDD
Q1 26
$129.7M
Q4 25
$129.7M
$12.6M
Q3 25
$61.6M
$17.7M
Q2 25
$155.9M
$9.7M
Q1 25
$63.8M
$33.4M
Q4 24
$65.5M
$19.7M
Q3 24
$61.0M
$8.9M
Q2 24
$112.0M
$7.7M
Gross Margin
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
20.9%
Q3 25
22.4%
Q2 25
18.9%
Q1 25
28.6%
Q4 24
24.1%
Q3 24
19.0%
Q2 24
17.5%
Operating Margin
FRT
FRT
GLDD
GLDD
Q1 26
53.8%
Q4 25
53.8%
12.7%
Q3 25
34.3%
14.4%
Q2 25
65.1%
8.8%
Q1 25
35.0%
20.6%
Q4 24
35.1%
14.8%
Q3 24
34.9%
8.7%
Q2 24
53.0%
8.6%
Net Margin
FRT
FRT
GLDD
GLDD
Q1 26
38.6%
Q4 25
38.6%
4.9%
Q3 25
19.1%
9.1%
Q2 25
50.0%
5.0%
Q1 25
20.6%
13.8%
Q4 24
21.0%
9.7%
Q3 24
20.1%
4.6%
Q2 24
37.8%
4.5%
EPS (diluted)
FRT
FRT
GLDD
GLDD
Q1 26
$1.49
Q4 25
$1.49
$0.19
Q3 25
$0.69
$0.26
Q2 25
$1.78
$0.14
Q1 25
$0.72
$0.49
Q4 24
$0.74
$0.29
Q3 24
$0.70
$0.13
Q2 24
$1.32
$0.11

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
GLDD
GLDD
Cash + ST InvestmentsLiquidity on hand
$107.4M
$13.4M
Total DebtLower is stronger
$5.0B
$378.2M
Stockholders' EquityBook value
$3.2B
$517.1M
Total Assets
$9.1B
$1.3B
Debt / EquityLower = less leverage
1.53×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
GLDD
GLDD
Q1 26
$107.4M
Q4 25
$107.4M
$13.4M
Q3 25
$111.3M
$12.7M
Q2 25
$177.0M
$2.9M
Q1 25
$109.2M
$11.3M
Q4 24
$123.4M
$10.2M
Q3 24
$97.0M
$12.0M
Q2 24
$103.2M
$23.1M
Total Debt
FRT
FRT
GLDD
GLDD
Q1 26
$5.0B
Q4 25
$5.0B
$378.2M
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$448.2M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
GLDD
GLDD
Q1 26
$3.2B
Q4 25
$3.2B
$517.1M
Q3 25
$3.2B
$502.1M
Q2 25
$3.2B
$481.9M
Q1 25
$3.2B
$479.9M
Q4 24
$3.2B
$448.9M
Q3 24
$3.1B
$425.4M
Q2 24
$3.0B
$418.0M
Total Assets
FRT
FRT
GLDD
GLDD
Q1 26
$9.1B
Q4 25
$9.1B
$1.3B
Q3 25
$8.9B
$1.3B
Q2 25
$8.6B
$1.2B
Q1 25
$8.6B
$1.2B
Q4 24
$8.5B
$1.3B
Q3 24
$8.5B
$1.1B
Q2 24
$8.4B
$1.1B
Debt / Equity
FRT
FRT
GLDD
GLDD
Q1 26
1.53×
Q4 25
1.53×
0.73×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
1.00×
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
FRT
FRT
GLDD
GLDD
Operating Cash FlowLast quarter
$79.7M
Free Cash FlowOCF − Capex
$50.3M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
6.31×
TTM Free Cash FlowTrailing 4 quarters
$99.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
$622.4M
$79.7M
Q3 25
$147.8M
$49.2M
Q2 25
$150.7M
$56.9M
Q1 25
$179.0M
$60.9M
Q4 24
$574.6M
$-13.5M
Q3 24
$144.1M
$26.8M
Q2 24
$169.7M
$18.4M
Free Cash Flow
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
$50.3M
Q3 25
$13.2M
Q2 25
$-3.7M
Q1 25
$39.6M
Q4 24
$-36.1M
Q3 24
$-11.5M
Q2 24
$-34.0M
FCF Margin
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
19.6%
Q3 25
6.8%
Q2 25
-1.9%
Q1 25
16.3%
Q4 24
-17.8%
Q3 24
-6.0%
Q2 24
-20.0%
Capex Intensity
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
11.5%
Q3 25
18.4%
Q2 25
31.3%
Q1 25
8.7%
Q4 24
11.2%
Q3 24
20.0%
Q2 24
30.8%
Cash Conversion
FRT
FRT
GLDD
GLDD
Q1 26
Q4 25
4.80×
6.31×
Q3 25
2.40×
2.77×
Q2 25
0.97×
5.87×
Q1 25
2.81×
1.82×
Q4 24
8.77×
-0.69×
Q3 24
2.36×
3.02×
Q2 24
1.52×
2.39×

Financial Flow Comparison

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

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