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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Iridium Communications Inc. (IRDM). 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 $219.1M, roughly 1.5× Iridium Communications Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 9.9%, a 28.8% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 1.9%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
FRT vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $219.1M |
| Net Profit | $129.7M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 23.2% |
| Net Margin | 38.6% | 9.9% |
| Revenue YoY | 8.7% | 1.9% |
| Net Profit YoY | 103.5% | — |
| EPS (diluted) | $1.49 | — |
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 | $219.1M | ||
| Q4 25 | $336.0M | $212.9M | ||
| Q3 25 | $322.3M | $226.9M | ||
| Q2 25 | $311.5M | $216.9M | ||
| Q1 25 | $309.2M | $214.9M | ||
| Q4 24 | $311.4M | $213.0M | ||
| Q3 24 | $303.6M | $212.8M | ||
| Q2 24 | $296.1M | $201.1M |
| Q1 26 | $129.7M | $21.6M | ||
| Q4 25 | $129.7M | $24.9M | ||
| Q3 25 | $61.6M | $37.1M | ||
| Q2 25 | $155.9M | $22.0M | ||
| Q1 25 | $63.8M | $30.4M | ||
| Q4 24 | $65.5M | $36.3M | ||
| Q3 24 | $61.0M | $24.4M | ||
| Q2 24 | $112.0M | $32.3M |
| Q1 26 | 53.8% | 23.2% | ||
| Q4 25 | 53.8% | 25.9% | ||
| Q3 25 | 34.3% | 30.9% | ||
| Q2 25 | 65.1% | 23.2% | ||
| Q1 25 | 35.0% | 28.1% | ||
| Q4 24 | 35.1% | 24.5% | ||
| Q3 24 | 34.9% | 25.8% | ||
| Q2 24 | 53.0% | 21.7% |
| Q1 26 | 38.6% | 9.9% | ||
| Q4 25 | 38.6% | 11.7% | ||
| Q3 25 | 19.1% | 16.4% | ||
| Q2 25 | 50.0% | 10.1% | ||
| Q1 25 | 20.6% | 14.2% | ||
| Q4 24 | 21.0% | 17.1% | ||
| Q3 24 | 20.1% | 11.5% | ||
| Q2 24 | 37.8% | 16.1% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.24 | ||
| Q3 25 | $0.69 | $0.35 | ||
| Q2 25 | $1.78 | $0.20 | ||
| Q1 25 | $0.72 | $0.27 | ||
| Q4 24 | $0.74 | $0.30 | ||
| Q3 24 | $0.70 | $0.21 | ||
| Q2 24 | $1.32 | $0.27 |
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 | — |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | — |
| Total Assets | $9.1B | — |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $96.5M | ||
| Q3 25 | $111.3M | $88.5M | ||
| Q2 25 | $177.0M | $79.3M | ||
| Q1 25 | $109.2M | $50.9M | ||
| Q4 24 | $123.4M | $93.5M | ||
| Q3 24 | $97.0M | $159.6M | ||
| Q2 24 | $103.2M | $63.5M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $462.6M | ||
| Q3 25 | $3.2B | $450.5M | ||
| Q2 25 | $3.2B | $473.6M | ||
| Q1 25 | $3.2B | $518.4M | ||
| Q4 24 | $3.2B | $576.6M | ||
| Q3 24 | $3.1B | $663.8M | ||
| Q2 24 | $3.0B | $786.7M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $2.5B | ||
| Q3 25 | $8.9B | $2.6B | ||
| Q2 25 | $8.6B | $2.6B | ||
| Q1 25 | $8.6B | $2.6B | ||
| Q4 24 | $8.5B | $2.7B | ||
| Q3 24 | $8.5B | $2.8B | ||
| Q2 24 | $8.4B | $2.7B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
