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

Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $336.0M, roughly 1.3× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 6.9%, a 31.7% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -9.3%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -6.7%).

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.

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

FRT vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.3× larger
KOP
$432.7M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+18.0% gap
FRT
8.7%
-9.3%
KOP
Higher net margin
FRT
FRT
31.7% more per $
FRT
38.6%
6.9%
KOP
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-6.7%
KOP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
KOP
KOP
Revenue
$336.0M
$432.7M
Net Profit
$129.7M
$29.7M
Gross Margin
25.6%
Operating Margin
53.8%
11.5%
Net Margin
38.6%
6.9%
Revenue YoY
8.7%
-9.3%
Net Profit YoY
103.5%
391.2%
EPS (diluted)
$1.49
$1.44

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
KOP
KOP
Q1 26
$336.0M
Q4 25
$336.0M
$432.7M
Q3 25
$322.3M
$485.3M
Q2 25
$311.5M
$504.8M
Q1 25
$309.2M
$456.5M
Q4 24
$311.4M
$477.0M
Q3 24
$303.6M
$554.3M
Q2 24
$296.1M
$563.2M
Net Profit
FRT
FRT
KOP
KOP
Q1 26
$129.7M
Q4 25
$129.7M
$29.7M
Q3 25
$61.6M
$23.8M
Q2 25
$155.9M
$16.4M
Q1 25
$63.8M
$-13.9M
Q4 24
$65.5M
$-10.2M
Q3 24
$61.0M
$22.8M
Q2 24
$112.0M
$26.8M
Gross Margin
FRT
FRT
KOP
KOP
Q1 26
Q4 25
25.6%
Q3 25
24.1%
Q2 25
22.6%
Q1 25
23.2%
Q4 24
17.5%
Q3 24
21.9%
Q2 24
21.6%
Operating Margin
FRT
FRT
KOP
KOP
Q1 26
53.8%
Q4 25
53.8%
11.5%
Q3 25
34.3%
10.7%
Q2 25
65.1%
7.7%
Q1 25
35.0%
5.9%
Q4 24
35.1%
1.3%
Q3 24
34.9%
9.0%
Q2 24
53.0%
10.2%
Net Margin
FRT
FRT
KOP
KOP
Q1 26
38.6%
Q4 25
38.6%
6.9%
Q3 25
19.1%
4.9%
Q2 25
50.0%
3.2%
Q1 25
20.6%
-3.0%
Q4 24
21.0%
-2.1%
Q3 24
20.1%
4.1%
Q2 24
37.8%
4.8%
EPS (diluted)
FRT
FRT
KOP
KOP
Q1 26
$1.49
Q4 25
$1.49
$1.44
Q3 25
$0.69
$1.17
Q2 25
$1.78
$0.81
Q1 25
$0.72
$-0.68
Q4 24
$0.74
$-0.47
Q3 24
$0.70
$1.09
Q2 24
$1.32
$1.25

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
$928.3M
Stockholders' EquityBook value
$3.2B
$574.0M
Total Assets
$9.1B
$1.9B
Debt / EquityLower = less leverage
1.53×
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
KOP
KOP
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
KOP
KOP
Q1 26
$5.0B
Q4 25
$5.0B
$928.3M
Q3 25
$932.9M
Q2 25
$977.5M
Q1 25
$989.0M
Q4 24
$4.5B
$939.5M
Q3 24
$989.4M
Q2 24
$1.0B
Stockholders' Equity
FRT
FRT
KOP
KOP
Q1 26
$3.2B
Q4 25
$3.2B
$574.0M
Q3 25
$3.2B
$545.6M
Q2 25
$3.2B
$526.8M
Q1 25
$3.2B
$498.0M
Q4 24
$3.2B
$488.7M
Q3 24
$3.1B
$532.3M
Q2 24
$3.0B
$509.2M
Total Assets
FRT
FRT
KOP
KOP
Q1 26
$9.1B
Q4 25
$9.1B
$1.9B
Q3 25
$8.9B
$1.9B
Q2 25
$8.6B
$1.9B
Q1 25
$8.6B
$1.9B
Q4 24
$8.5B
$1.9B
Q3 24
$8.5B
$2.0B
Q2 24
$8.4B
$1.9B
Debt / Equity
FRT
FRT
KOP
KOP
Q1 26
1.53×
Q4 25
1.53×
1.62×
Q3 25
1.71×
Q2 25
1.86×
Q1 25
1.99×
Q4 24
1.42×
1.92×
Q3 24
1.86×
Q2 24
1.97×

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
KOP
KOP
Operating Cash FlowLast quarter
$45.1M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
KOP
KOP
Q1 26
Q4 25
$622.4M
$45.1M
Q3 25
$147.8M
$49.6M
Q2 25
$150.7M
$50.5M
Q1 25
$179.0M
$-22.7M
Q4 24
$574.6M
$74.7M
Q3 24
$144.1M
$29.8M
Q2 24
$169.7M
$27.2M
Free Cash Flow
FRT
FRT
KOP
KOP
Q1 26
Q4 25
$28.5M
Q3 25
$37.6M
Q2 25
$38.4M
Q1 25
$-37.0M
Q4 24
$56.1M
Q3 24
$14.4M
Q2 24
$10.1M
FCF Margin
FRT
FRT
KOP
KOP
Q1 26
Q4 25
6.6%
Q3 25
7.7%
Q2 25
7.6%
Q1 25
-8.1%
Q4 24
11.8%
Q3 24
2.6%
Q2 24
1.8%
Capex Intensity
FRT
FRT
KOP
KOP
Q1 26
Q4 25
3.8%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
3.1%
Q4 24
3.9%
Q3 24
2.8%
Q2 24
3.0%
Cash Conversion
FRT
FRT
KOP
KOP
Q1 26
Q4 25
4.80×
1.52×
Q3 25
2.40×
2.08×
Q2 25
0.97×
3.08×
Q1 25
2.81×
Q4 24
8.77×
Q3 24
2.36×
1.31×
Q2 24
1.52×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

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