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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and INTERPARFUMS INC (IPAR). Click either name above to swap in a different company.

INTERPARFUMS INC is the larger business by last-quarter revenue ($386.2M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 7.3%, a 31.3% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 6.8%). Over the past eight quarters, INTERPARFUMS INC's revenue compounded faster (9.2% 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.

Inter Parfums Inc is a global prestige fragrance firm that develops, manufactures and distributes perfumes, body care and related cosmetics. It partners with top luxury fashion and lifestyle brands to launch licensed fragrance lines, serving consumers across North America, Europe, Asia Pacific and other key markets via department stores, beauty retailers and official e-commerce channels.

FRT vs IPAR — Head-to-Head

Bigger by revenue
IPAR
IPAR
1.1× larger
IPAR
$386.2M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+1.9% gap
FRT
8.7%
6.8%
IPAR
Higher net margin
FRT
FRT
31.3% more per $
FRT
38.6%
7.3%
IPAR
Faster 2-yr revenue CAGR
IPAR
IPAR
Annualised
IPAR
9.2%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
IPAR
IPAR
Revenue
$336.0M
$386.2M
Net Profit
$129.7M
$28.1M
Gross Margin
61.5%
Operating Margin
53.8%
7.1%
Net Margin
38.6%
7.3%
Revenue YoY
8.7%
6.8%
Net Profit YoY
103.5%
16.0%
EPS (diluted)
$1.49
$0.88

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
IPAR
IPAR
Q1 26
$336.0M
Q4 25
$336.0M
$386.2M
Q3 25
$322.3M
$429.6M
Q2 25
$311.5M
$333.9M
Q1 25
$309.2M
$338.8M
Q4 24
$311.4M
$361.5M
Q3 24
$303.6M
$424.6M
Q2 24
$296.1M
$342.2M
Net Profit
FRT
FRT
IPAR
IPAR
Q1 26
$129.7M
Q4 25
$129.7M
$28.1M
Q3 25
$61.6M
$65.8M
Q2 25
$155.9M
$32.0M
Q1 25
$63.8M
$42.5M
Q4 24
$65.5M
$24.2M
Q3 24
$61.0M
$62.3M
Q2 24
$112.0M
$36.8M
Gross Margin
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
61.5%
Q3 25
63.5%
Q2 25
66.2%
Q1 25
63.7%
Q4 24
64.5%
Q3 24
63.9%
Q2 24
64.5%
Operating Margin
FRT
FRT
IPAR
IPAR
Q1 26
53.8%
Q4 25
53.8%
7.1%
Q3 25
34.3%
25.3%
Q2 25
65.1%
17.7%
Q1 25
35.0%
22.2%
Q4 24
35.1%
10.0%
Q3 24
34.9%
25.0%
Q2 24
53.0%
18.9%
Net Margin
FRT
FRT
IPAR
IPAR
Q1 26
38.6%
Q4 25
38.6%
7.3%
Q3 25
19.1%
15.3%
Q2 25
50.0%
9.6%
Q1 25
20.6%
12.5%
Q4 24
21.0%
6.7%
Q3 24
20.1%
14.7%
Q2 24
37.8%
10.8%
EPS (diluted)
FRT
FRT
IPAR
IPAR
Q1 26
$1.49
Q4 25
$1.49
$0.88
Q3 25
$0.69
$2.05
Q2 25
$1.78
$0.99
Q1 25
$0.72
$1.32
Q4 24
$0.74
$0.78
Q3 24
$0.70
$1.93
Q2 24
$1.32
$1.14

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
IPAR
IPAR
Cash + ST InvestmentsLiquidity on hand
$107.4M
$137.1M
Total DebtLower is stronger
$5.0B
$176.0M
Stockholders' EquityBook value
$3.2B
$880.7M
Total Assets
$9.1B
$1.6B
Debt / EquityLower = less leverage
1.53×
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
IPAR
IPAR
Q1 26
$107.4M
Q4 25
$107.4M
$137.1M
Q3 25
$111.3M
$77.5M
Q2 25
$177.0M
$53.9M
Q1 25
$109.2M
$75.3M
Q4 24
$123.4M
$109.3M
Q3 24
$97.0M
$78.8M
Q2 24
$103.2M
$37.7M
Total Debt
FRT
FRT
IPAR
IPAR
Q1 26
$5.0B
Q4 25
$5.0B
$176.0M
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$157.3M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
IPAR
IPAR
Q1 26
$3.2B
Q4 25
$3.2B
$880.7M
Q3 25
$3.2B
$870.9M
Q2 25
$3.2B
$839.4M
Q1 25
$3.2B
$788.6M
Q4 24
$3.2B
$744.9M
Q3 24
$3.1B
$778.5M
Q2 24
$3.0B
$717.1M
Total Assets
FRT
FRT
IPAR
IPAR
Q1 26
$9.1B
Q4 25
$9.1B
$1.6B
Q3 25
$8.9B
$1.6B
Q2 25
$8.6B
$1.6B
Q1 25
$8.6B
$1.4B
Q4 24
$8.5B
$1.4B
Q3 24
$8.5B
$1.5B
Q2 24
$8.4B
$1.4B
Debt / Equity
FRT
FRT
IPAR
IPAR
Q1 26
1.53×
Q4 25
1.53×
0.20×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.21×
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
IPAR
IPAR
Operating Cash FlowLast quarter
$146.5M
Free Cash FlowOCF − Capex
$145.0M
FCF MarginFCF / Revenue
37.5%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
5.21×
TTM Free Cash FlowTrailing 4 quarters
$190.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
$622.4M
$146.5M
Q3 25
$147.8M
$63.9M
Q2 25
$150.7M
$11.9M
Q1 25
$179.0M
$-7.4M
Q4 24
$574.6M
$138.0M
Q3 24
$144.1M
$76.1M
Q2 24
$169.7M
$25.5M
Free Cash Flow
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
$145.0M
Q3 25
$57.6M
Q2 25
$-3.3M
Q1 25
$-8.8M
Q4 24
$136.1M
Q3 24
$75.4M
Q2 24
$24.4M
FCF Margin
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
37.5%
Q3 25
13.4%
Q2 25
-1.0%
Q1 25
-2.6%
Q4 24
37.7%
Q3 24
17.8%
Q2 24
7.1%
Capex Intensity
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
0.4%
Q3 25
1.5%
Q2 25
4.5%
Q1 25
0.4%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.3%
Cash Conversion
FRT
FRT
IPAR
IPAR
Q1 26
Q4 25
4.80×
5.21×
Q3 25
2.40×
0.97×
Q2 25
0.97×
0.37×
Q1 25
2.81×
-0.17×
Q4 24
8.77×
5.69×
Q3 24
2.36×
1.22×
Q2 24
1.52×
0.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

IPAR
IPAR

European Based Operations$232.7M60%
United States Based Operations$155.2M40%

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