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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Indivior Pharmaceuticals, Inc. (INDV). Click either name above to swap in a different company.

Indivior Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($357.0M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 28.9%, a 9.8% gap on every dollar of revenue.

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.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

FRT vs INDV — Head-to-Head

Bigger by revenue
INDV
INDV
1.1× larger
INDV
$357.0M
$336.0M
FRT
Higher net margin
FRT
FRT
9.8% more per $
FRT
38.6%
28.9%
INDV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
INDV
INDV
Revenue
$336.0M
$357.0M
Net Profit
$129.7M
$103.0M
Gross Margin
82.1%
Operating Margin
53.8%
22.7%
Net Margin
38.6%
28.9%
Revenue YoY
8.7%
Net Profit YoY
103.5%
390.5%
EPS (diluted)
$1.49
$0.79

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
INDV
INDV
Q1 26
$336.0M
Q4 25
$336.0M
$357.0M
Q3 25
$322.3M
$314.0M
Q2 25
$311.5M
$302.0M
Q1 25
$309.2M
$266.0M
Q4 24
$311.4M
Q3 24
$303.6M
$307.0M
Q2 24
$296.1M
$299.0M
Net Profit
FRT
FRT
INDV
INDV
Q1 26
$129.7M
Q4 25
$129.7M
$103.0M
Q3 25
$61.6M
$42.0M
Q2 25
$155.9M
$18.0M
Q1 25
$63.8M
$47.0M
Q4 24
$65.5M
Q3 24
$61.0M
$22.0M
Q2 24
$112.0M
$-97.0M
Gross Margin
FRT
FRT
INDV
INDV
Q1 26
Q4 25
82.1%
Q3 25
73.2%
Q2 25
82.8%
Q1 25
83.1%
Q4 24
Q3 24
78.5%
Q2 24
73.6%
Operating Margin
FRT
FRT
INDV
INDV
Q1 26
53.8%
Q4 25
53.8%
22.7%
Q3 25
34.3%
13.7%
Q2 25
65.1%
23.8%
Q1 25
35.0%
24.8%
Q4 24
35.1%
Q3 24
34.9%
11.4%
Q2 24
53.0%
-39.5%
Net Margin
FRT
FRT
INDV
INDV
Q1 26
38.6%
Q4 25
38.6%
28.9%
Q3 25
19.1%
13.4%
Q2 25
50.0%
6.0%
Q1 25
20.6%
17.7%
Q4 24
21.0%
Q3 24
20.1%
7.2%
Q2 24
37.8%
-32.4%
EPS (diluted)
FRT
FRT
INDV
INDV
Q1 26
$1.49
Q4 25
$1.49
$0.79
Q3 25
$0.69
$0.33
Q2 25
$1.78
$0.14
Q1 25
$0.72
$0.38
Q4 24
$0.74
Q3 24
$0.70
$0.16
Q2 24
$1.32
$-0.72

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$107.4M
$195.0M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$-98.0M
Total Assets
$9.1B
$1.2B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
INDV
INDV
Q1 26
$107.4M
Q4 25
$107.4M
$195.0M
Q3 25
$111.3M
$445.0M
Q2 25
$177.0M
$510.0M
Q1 25
$109.2M
$373.0M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
FRT
FRT
INDV
INDV
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
INDV
INDV
Q1 26
$3.2B
Q4 25
$3.2B
$-98.0M
Q3 25
$3.2B
$-207.0M
Q2 25
$3.2B
$-257.0M
Q1 25
$3.2B
$-285.0M
Q4 24
$3.2B
Q3 24
$3.1B
$-310.0M
Q2 24
$3.0B
$-281.0M
Total Assets
FRT
FRT
INDV
INDV
Q1 26
$9.1B
Q4 25
$9.1B
$1.2B
Q3 25
$8.9B
$1.4B
Q2 25
$8.6B
$1.5B
Q1 25
$8.6B
$1.4B
Q4 24
$8.5B
Q3 24
$8.5B
Q2 24
$8.4B
Debt / Equity
FRT
FRT
INDV
INDV
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
FRT
FRT
INDV
INDV
Operating Cash FlowLast quarter
$-221.0M
Free Cash FlowOCF − Capex
$-245.0M
FCF MarginFCF / Revenue
-68.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
INDV
INDV
Q1 26
Q4 25
$622.4M
$-221.0M
Q3 25
$147.8M
$-39.0M
Q2 25
$150.7M
$158.0M
Q1 25
$179.0M
$75.0M
Q4 24
$574.6M
Q3 24
$144.1M
$2.0M
Q2 24
$169.7M
$88.0M
Free Cash Flow
FRT
FRT
INDV
INDV
Q1 26
Q4 25
$-245.0M
Q3 25
$-59.0M
Q2 25
$141.0M
Q1 25
$70.0M
Q4 24
Q3 24
$-5.0M
Q2 24
$84.0M
FCF Margin
FRT
FRT
INDV
INDV
Q1 26
Q4 25
-68.6%
Q3 25
-18.8%
Q2 25
46.7%
Q1 25
26.3%
Q4 24
Q3 24
-1.6%
Q2 24
28.1%
Capex Intensity
FRT
FRT
INDV
INDV
Q1 26
Q4 25
6.7%
Q3 25
6.4%
Q2 25
5.6%
Q1 25
1.9%
Q4 24
Q3 24
2.3%
Q2 24
1.3%
Cash Conversion
FRT
FRT
INDV
INDV
Q1 26
Q4 25
4.80×
-2.15×
Q3 25
2.40×
-0.93×
Q2 25
0.97×
8.78×
Q1 25
2.81×
1.60×
Q4 24
8.77×
Q3 24
2.36×
0.09×
Q2 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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