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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Grand Canyon Education, Inc. (LOPE). 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 $308.1M, roughly 1.1× Grand Canyon Education, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 28.1%, a 10.5% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 5.3%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
FRT vs LOPE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $308.1M |
| Net Profit | $129.7M | $86.7M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 35.1% |
| Net Margin | 38.6% | 28.1% |
| Revenue YoY | 8.7% | 5.3% |
| Net Profit YoY | 103.5% | 5.9% |
| EPS (diluted) | $1.49 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $322.3M | $261.1M | ||
| Q2 25 | $311.5M | $247.5M | ||
| Q1 25 | $309.2M | $289.3M | ||
| Q4 24 | $311.4M | $292.6M | ||
| Q3 24 | $303.6M | $238.3M | ||
| Q2 24 | $296.1M | $227.5M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $86.7M | ||
| Q3 25 | $61.6M | $16.3M | ||
| Q2 25 | $155.9M | $41.5M | ||
| Q1 25 | $63.8M | $71.6M | ||
| Q4 24 | $65.5M | $81.9M | ||
| Q3 24 | $61.0M | $41.5M | ||
| Q2 24 | $112.0M | $34.9M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 35.1% | ||
| Q3 25 | 34.3% | 6.9% | ||
| Q2 25 | 65.1% | 20.9% | ||
| Q1 25 | 35.0% | 30.4% | ||
| Q4 24 | 35.1% | 34.2% | ||
| Q3 24 | 34.9% | 20.2% | ||
| Q2 24 | 53.0% | 18.8% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 28.1% | ||
| Q3 25 | 19.1% | 6.2% | ||
| Q2 25 | 50.0% | 16.8% | ||
| Q1 25 | 20.6% | 24.8% | ||
| Q4 24 | 21.0% | 28.0% | ||
| Q3 24 | 20.1% | 17.4% | ||
| Q2 24 | 37.8% | 15.3% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $3.13 | ||
| Q3 25 | $0.69 | $0.58 | ||
| Q2 25 | $1.78 | $1.48 | ||
| Q1 25 | $0.72 | $2.52 | ||
| Q4 24 | $0.74 | $2.83 | ||
| Q3 24 | $0.70 | $1.42 | ||
| Q2 24 | $1.32 | $1.19 |
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 | $111.8M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $746.9M |
| Total Assets | $9.1B | $992.3M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $111.8M | ||
| Q3 25 | $111.3M | $97.3M | ||
| Q2 25 | $177.0M | $192.3M | ||
| Q1 25 | $109.2M | $144.5M | ||
| Q4 24 | $123.4M | $324.6M | ||
| Q3 24 | $97.0M | $263.6M | ||
| Q2 24 | $103.2M | $241.3M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $746.9M | ||
| Q3 25 | $3.2B | $758.0M | ||
| Q2 25 | $3.2B | $778.0M | ||
| Q1 25 | $3.2B | $780.7M | ||
| Q4 24 | $3.2B | $783.9M | ||
| Q3 24 | $3.1B | $764.1M | ||
| Q2 24 | $3.0B | $759.2M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $992.3M | ||
| Q3 25 | $8.9B | $1.0B | ||
| Q2 25 | $8.6B | $1.0B | ||
| Q1 25 | $8.6B | $1.0B | ||
| Q4 24 | $8.5B | $1.0B | ||
| Q3 24 | $8.5B | $992.9M | ||
| Q2 24 | $8.4B | $992.7M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $130.5M |
| Free Cash FlowOCF − Capex | — | $122.9M |
| FCF MarginFCF / Revenue | — | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $130.5M | ||
| Q3 25 | $147.8M | $-48.6M | ||
| Q2 25 | $150.7M | $124.0M | ||
| Q1 25 | $179.0M | $67.6M | ||
| Q4 24 | $574.6M | $135.8M | ||
| Q3 24 | $144.1M | $-29.4M | ||
| Q2 24 | $169.7M | $98.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $122.9M | ||
| Q3 25 | — | $-58.3M | ||
| Q2 25 | — | $115.4M | ||
| Q1 25 | — | $58.7M | ||
| Q4 24 | — | $126.1M | ||
| Q3 24 | — | $-39.0M | ||
| Q2 24 | — | $89.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.9% | ||
| Q3 25 | — | -22.3% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | -16.3% | ||
| Q2 24 | — | 39.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 1.50× | ||
| Q3 25 | 2.40× | -2.99× | ||
| Q2 25 | 0.97× | 2.98× | ||
| Q1 25 | 2.81× | 0.94× | ||
| Q4 24 | 8.77× | 1.66× | ||
| Q3 24 | 2.36× | -0.71× | ||
| Q2 24 | 1.52× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
