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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Limbach Holdings, Inc. (LMB). 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 $186.9M, roughly 1.8× Limbach Holdings, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 6.6%, a 32.0% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 8.7%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% 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.

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

FRT vs LMB — Head-to-Head

Bigger by revenue
FRT
FRT
1.8× larger
FRT
$336.0M
$186.9M
LMB
Growing faster (revenue YoY)
LMB
LMB
+21.4% gap
LMB
30.1%
8.7%
FRT
Higher net margin
FRT
FRT
32.0% more per $
FRT
38.6%
6.6%
LMB
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
25.3%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
LMB
LMB
Revenue
$336.0M
$186.9M
Net Profit
$129.7M
$12.3M
Gross Margin
25.7%
Operating Margin
53.8%
9.4%
Net Margin
38.6%
6.6%
Revenue YoY
8.7%
30.1%
Net Profit YoY
103.5%
25.0%
EPS (diluted)
$1.49
$1.01

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
LMB
LMB
Q1 26
$336.0M
Q4 25
$336.0M
$186.9M
Q3 25
$322.3M
$184.6M
Q2 25
$311.5M
$142.2M
Q1 25
$309.2M
$133.1M
Q4 24
$311.4M
$143.7M
Q3 24
$303.6M
$133.9M
Q2 24
$296.1M
$122.2M
Net Profit
FRT
FRT
LMB
LMB
Q1 26
$129.7M
Q4 25
$129.7M
$12.3M
Q3 25
$61.6M
$8.8M
Q2 25
$155.9M
$7.8M
Q1 25
$63.8M
$10.2M
Q4 24
$65.5M
$9.8M
Q3 24
$61.0M
$7.5M
Q2 24
$112.0M
$6.0M
Gross Margin
FRT
FRT
LMB
LMB
Q1 26
Q4 25
25.7%
Q3 25
24.2%
Q2 25
28.0%
Q1 25
27.6%
Q4 24
30.3%
Q3 24
27.0%
Q2 24
27.4%
Operating Margin
FRT
FRT
LMB
LMB
Q1 26
53.8%
Q4 25
53.8%
9.4%
Q3 25
34.3%
7.2%
Q2 25
65.1%
7.5%
Q1 25
35.0%
5.9%
Q4 24
35.1%
9.1%
Q3 24
34.9%
8.1%
Q2 24
53.0%
6.7%
Net Margin
FRT
FRT
LMB
LMB
Q1 26
38.6%
Q4 25
38.6%
6.6%
Q3 25
19.1%
4.8%
Q2 25
50.0%
5.5%
Q1 25
20.6%
7.7%
Q4 24
21.0%
6.9%
Q3 24
20.1%
5.6%
Q2 24
37.8%
4.9%
EPS (diluted)
FRT
FRT
LMB
LMB
Q1 26
$1.49
Q4 25
$1.49
$1.01
Q3 25
$0.69
$0.73
Q2 25
$1.78
$0.64
Q1 25
$0.72
$0.85
Q4 24
$0.74
$0.81
Q3 24
$0.70
$0.62
Q2 24
$1.32
$0.50

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$107.4M
$11.3M
Total DebtLower is stronger
$5.0B
$30.5M
Stockholders' EquityBook value
$3.2B
$195.7M
Total Assets
$9.1B
$381.1M
Debt / EquityLower = less leverage
1.53×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
LMB
LMB
Q1 26
$107.4M
Q4 25
$107.4M
$11.3M
Q3 25
$111.3M
$9.8M
Q2 25
$177.0M
$38.9M
Q1 25
$109.2M
$38.1M
Q4 24
$123.4M
$44.9M
Q3 24
$97.0M
$51.2M
Q2 24
$103.2M
$59.5M
Total Debt
FRT
FRT
LMB
LMB
Q1 26
$5.0B
Q4 25
$5.0B
$30.5M
Q3 25
$56.3M
Q2 25
$28.4M
Q1 25
$23.7M
Q4 24
$4.5B
$23.6M
Q3 24
$20.5M
Q2 24
$19.7M
Stockholders' Equity
FRT
FRT
LMB
LMB
Q1 26
$3.2B
Q4 25
$3.2B
$195.7M
Q3 25
$3.2B
$181.6M
Q2 25
$3.2B
$170.5M
Q1 25
$3.2B
$161.1M
Q4 24
$3.2B
$153.5M
Q3 24
$3.1B
$142.2M
Q2 24
$3.0B
$133.0M
Total Assets
FRT
FRT
LMB
LMB
Q1 26
$9.1B
Q4 25
$9.1B
$381.1M
Q3 25
$8.9B
$409.1M
Q2 25
$8.6B
$343.0M
Q1 25
$8.6B
$336.4M
Q4 24
$8.5B
$352.1M
Q3 24
$8.5B
$324.4M
Q2 24
$8.4B
$303.9M
Debt / Equity
FRT
FRT
LMB
LMB
Q1 26
1.53×
Q4 25
1.53×
0.16×
Q3 25
0.31×
Q2 25
0.17×
Q1 25
0.15×
Q4 24
1.42×
0.15×
Q3 24
0.14×
Q2 24
0.15×

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
LMB
LMB
Operating Cash FlowLast quarter
$28.1M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.29×
TTM Free Cash FlowTrailing 4 quarters
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
LMB
LMB
Q1 26
Q4 25
$622.4M
$28.1M
Q3 25
$147.8M
$13.3M
Q2 25
$150.7M
$2.0M
Q1 25
$179.0M
$2.2M
Q4 24
$574.6M
$19.3M
Q3 24
$144.1M
$4.9M
Q2 24
$169.7M
$16.5M
Free Cash Flow
FRT
FRT
LMB
LMB
Q1 26
Q4 25
$27.9M
Q3 25
$12.8M
Q2 25
$1.2M
Q1 25
$11.0K
Q4 24
$18.0M
Q3 24
$4.6M
Q2 24
$13.2M
FCF Margin
FRT
FRT
LMB
LMB
Q1 26
Q4 25
14.9%
Q3 25
7.0%
Q2 25
0.8%
Q1 25
0.0%
Q4 24
12.5%
Q3 24
3.4%
Q2 24
10.8%
Capex Intensity
FRT
FRT
LMB
LMB
Q1 26
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.6%
Q1 25
1.7%
Q4 24
0.9%
Q3 24
0.3%
Q2 24
2.7%
Cash Conversion
FRT
FRT
LMB
LMB
Q1 26
Q4 25
4.80×
2.29×
Q3 25
2.40×
1.52×
Q2 25
0.97×
0.26×
Q1 25
2.81×
0.22×
Q4 24
8.77×
1.96×
Q3 24
2.36×
0.66×
Q2 24
1.52×
2.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

LMB
LMB

Owner Direct Relationships Segment$145.0M78%
General Contractor Construction Manager Relationships Segment$41.9M22%

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