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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 3.1%, a 35.6% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 8.7%). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% 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.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
FRT vs LFST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $382.2M |
| Net Profit | $129.7M | $11.7M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 4.7% |
| Net Margin | 38.6% | 3.1% |
| Revenue YoY | 8.7% | 17.4% |
| Net Profit YoY | 103.5% | 264.1% |
| 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 | — | ||
| Q4 25 | $336.0M | $382.2M | ||
| Q3 25 | $322.3M | $363.8M | ||
| Q2 25 | $311.5M | $345.3M | ||
| Q1 25 | $309.2M | $333.0M | ||
| Q4 24 | $311.4M | $325.5M | ||
| Q3 24 | $303.6M | $312.7M | ||
| Q2 24 | $296.1M | $312.3M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $11.7M | ||
| Q3 25 | $61.6M | $1.1M | ||
| Q2 25 | $155.9M | $-3.8M | ||
| Q1 25 | $63.8M | $709.0K | ||
| Q4 24 | $65.5M | $-7.1M | ||
| Q3 24 | $61.0M | $-6.0M | ||
| Q2 24 | $112.0M | $-23.3M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 4.7% | ||
| Q3 25 | 34.3% | 2.0% | ||
| Q2 25 | 65.1% | -0.9% | ||
| Q1 25 | 35.0% | 0.5% | ||
| Q4 24 | 35.1% | 0.3% | ||
| Q3 24 | 34.9% | 0.0% | ||
| Q2 24 | 53.0% | -5.1% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 3.1% | ||
| Q3 25 | 19.1% | 0.3% | ||
| Q2 25 | 50.0% | -1.1% | ||
| Q1 25 | 20.6% | 0.2% | ||
| Q4 24 | 21.0% | -2.2% | ||
| Q3 24 | 20.1% | -1.9% | ||
| Q2 24 | 37.8% | -7.5% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $1.78 | — | ||
| Q1 25 | $0.72 | — | ||
| Q4 24 | $0.74 | — | ||
| Q3 24 | $0.70 | — | ||
| Q2 24 | $1.32 | — |
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 | $248.6M |
| Total DebtLower is stronger | $5.0B | $282.8M |
| Stockholders' EquityBook value | $3.2B | $1.5B |
| Total Assets | $9.1B | $2.2B |
| Debt / EquityLower = less leverage | 1.53× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $248.6M | ||
| Q3 25 | $111.3M | $203.9M | ||
| Q2 25 | $177.0M | $188.9M | ||
| Q1 25 | $109.2M | $134.3M | ||
| Q4 24 | $123.4M | $154.6M | ||
| Q3 24 | $97.0M | $102.6M | ||
| Q2 24 | $103.2M | $87.0M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $4.5B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $2.2B | ||
| Q3 25 | $8.9B | $2.1B | ||
| Q2 25 | $8.6B | $2.1B | ||
| Q1 25 | $8.6B | $2.1B | ||
| Q4 24 | $8.5B | $2.1B | ||
| Q3 24 | $8.5B | $2.1B | ||
| Q2 24 | $8.4B | $2.1B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.42× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $57.6M |
| Free Cash FlowOCF − Capex | — | $46.6M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $57.6M | ||
| Q3 25 | $147.8M | $27.3M | ||
| Q2 25 | $150.7M | $64.4M | ||
| Q1 25 | $179.0M | $-3.1M | ||
| Q4 24 | $574.6M | $62.3M | ||
| Q3 24 | $144.1M | $22.7M | ||
| Q2 24 | $169.7M | $44.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $46.6M | ||
| Q3 25 | — | $17.0M | ||
| Q2 25 | — | $56.6M | ||
| Q1 25 | — | $-10.3M | ||
| Q4 24 | — | $56.0M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $39.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 4.93× | ||
| Q3 25 | 2.40× | 25.34× | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.81× | -4.36× | ||
| Q4 24 | 8.77× | — | ||
| Q3 24 | 2.36× | — | ||
| Q2 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
