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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $336.0M, roughly 1.4× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -7.3%, a 45.9% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 7.2%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -17.9%).

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.

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.

FRT vs GOLF — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.4× larger
GOLF
$477.2M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+1.5% gap
FRT
8.7%
7.2%
GOLF
Higher net margin
FRT
FRT
45.9% more per $
FRT
38.6%
-7.3%
GOLF
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-17.9%
GOLF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
GOLF
GOLF
Revenue
$336.0M
$477.2M
Net Profit
$129.7M
$-34.9M
Gross Margin
44.1%
Operating Margin
53.8%
-3.8%
Net Margin
38.6%
-7.3%
Revenue YoY
8.7%
7.2%
Net Profit YoY
103.5%
-3027.3%
EPS (diluted)
$1.49
$-0.57

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
GOLF
GOLF
Q1 26
$336.0M
Q4 25
$336.0M
$477.2M
Q3 25
$322.3M
$657.7M
Q2 25
$311.5M
$720.5M
Q1 25
$309.2M
$703.4M
Q4 24
$311.4M
$445.2M
Q3 24
$303.6M
$620.5M
Q2 24
$296.1M
$683.9M
Net Profit
FRT
FRT
GOLF
GOLF
Q1 26
$129.7M
Q4 25
$129.7M
$-34.9M
Q3 25
$61.6M
$48.5M
Q2 25
$155.9M
$75.6M
Q1 25
$63.8M
$99.4M
Q4 24
$65.5M
$-1.1M
Q3 24
$61.0M
$56.2M
Q2 24
$112.0M
$71.4M
Gross Margin
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
44.1%
Q3 25
48.5%
Q2 25
49.2%
Q1 25
47.9%
Q4 24
22.6%
Q3 24
54.4%
Q2 24
54.4%
Operating Margin
FRT
FRT
GOLF
GOLF
Q1 26
53.8%
Q4 25
53.8%
-3.8%
Q3 25
34.3%
14.1%
Q2 25
65.1%
15.2%
Q1 25
35.0%
16.3%
Q4 24
35.1%
-1.2%
Q3 24
34.9%
13.2%
Q2 24
53.0%
15.5%
Net Margin
FRT
FRT
GOLF
GOLF
Q1 26
38.6%
Q4 25
38.6%
-7.3%
Q3 25
19.1%
7.4%
Q2 25
50.0%
10.5%
Q1 25
20.6%
14.1%
Q4 24
21.0%
-0.3%
Q3 24
20.1%
9.1%
Q2 24
37.8%
10.4%
EPS (diluted)
FRT
FRT
GOLF
GOLF
Q1 26
$1.49
Q4 25
$1.49
$-0.57
Q3 25
$0.69
$0.81
Q2 25
$1.78
$1.25
Q1 25
$0.72
$1.62
Q4 24
$0.74
$0.02
Q3 24
$0.70
$0.89
Q2 24
$1.32
$1.11

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
GOLF
GOLF
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
$926.2M
Stockholders' EquityBook value
$3.2B
$783.6M
Total Assets
$9.1B
$2.3B
Debt / EquityLower = less leverage
1.53×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
GOLF
GOLF
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
FRT
FRT
GOLF
GOLF
Q1 26
$5.0B
Q4 25
$5.0B
$926.2M
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$753.1M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
GOLF
GOLF
Q1 26
$3.2B
Q4 25
$3.2B
$783.6M
Q3 25
$3.2B
$852.3M
Q2 25
$3.2B
$808.5M
Q1 25
$3.2B
$780.3M
Q4 24
$3.2B
$765.2M
Q3 24
$3.1B
$863.9M
Q2 24
$3.0B
$863.7M
Total Assets
FRT
FRT
GOLF
GOLF
Q1 26
$9.1B
Q4 25
$9.1B
$2.3B
Q3 25
$8.9B
$2.4B
Q2 25
$8.6B
$2.4B
Q1 25
$8.6B
$2.4B
Q4 24
$8.5B
$2.2B
Q3 24
$8.5B
$2.3B
Q2 24
$8.4B
$2.3B
Debt / Equity
FRT
FRT
GOLF
GOLF
Q1 26
1.53×
Q4 25
1.53×
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.98×
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
GOLF
GOLF
Operating Cash FlowLast quarter
$-338.0K
Free Cash FlowOCF − Capex
$-23.3M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
$622.4M
$-338.0K
Q3 25
$147.8M
$163.1M
Q2 25
$150.7M
$151.9M
Q1 25
$179.0M
$-120.3M
Q4 24
$574.6M
$-1.1M
Q3 24
$144.1M
$144.1M
Q2 24
$169.7M
$211.6M
Free Cash Flow
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
$-23.3M
Q3 25
$136.9M
Q2 25
$138.0M
Q1 25
$-131.5M
Q4 24
$-33.2M
Q3 24
$123.7M
Q2 24
$196.8M
FCF Margin
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
-4.9%
Q3 25
20.8%
Q2 25
19.2%
Q1 25
-18.7%
Q4 24
-7.5%
Q3 24
19.9%
Q2 24
28.8%
Capex Intensity
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
4.8%
Q3 25
4.0%
Q2 25
1.9%
Q1 25
1.6%
Q4 24
7.2%
Q3 24
3.3%
Q2 24
2.2%
Cash Conversion
FRT
FRT
GOLF
GOLF
Q1 26
Q4 25
4.80×
Q3 25
2.40×
3.36×
Q2 25
0.97×
2.01×
Q1 25
2.81×
-1.21×
Q4 24
8.77×
Q3 24
2.36×
2.56×
Q2 24
1.52×
2.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

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