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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and LA-Z-BOY INC (LZB). Click either name above to swap in a different company.

LA-Z-BOY INC is the larger business by last-quarter revenue ($541.6M vs $336.0M, roughly 1.6× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 4.0%, a 34.6% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 3.8%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -1.1%).

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.

La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, United States, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.

FRT vs LZB — Head-to-Head

Bigger by revenue
LZB
LZB
1.6× larger
LZB
$541.6M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+4.9% gap
FRT
8.7%
3.8%
LZB
Higher net margin
FRT
FRT
34.6% more per $
FRT
38.6%
4.0%
LZB
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-1.1%
LZB

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FRT
FRT
LZB
LZB
Revenue
$336.0M
$541.6M
Net Profit
$129.7M
$21.6M
Gross Margin
43.1%
Operating Margin
53.8%
5.5%
Net Margin
38.6%
4.0%
Revenue YoY
8.7%
3.8%
Net Profit YoY
103.5%
-23.8%
EPS (diluted)
$1.49
$0.52

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
LZB
LZB
Q1 26
$336.0M
$541.6M
Q4 25
$336.0M
$522.5M
Q3 25
$322.3M
$492.2M
Q2 25
$311.5M
$570.9M
Q1 25
$309.2M
$521.8M
Q4 24
$311.4M
$521.0M
Q3 24
$303.6M
$495.5M
Q2 24
$296.1M
$553.5M
Net Profit
FRT
FRT
LZB
LZB
Q1 26
$129.7M
$21.6M
Q4 25
$129.7M
$28.9M
Q3 25
$61.6M
$18.2M
Q2 25
$155.9M
$14.9M
Q1 25
$63.8M
$28.4M
Q4 24
$65.5M
$30.0M
Q3 24
$61.0M
$26.2M
Q2 24
$112.0M
$39.3M
Gross Margin
FRT
FRT
LZB
LZB
Q1 26
43.1%
Q4 25
44.2%
Q3 25
42.5%
Q2 25
44.0%
Q1 25
44.3%
Q4 24
44.3%
Q3 24
43.1%
Q2 24
43.4%
Operating Margin
FRT
FRT
LZB
LZB
Q1 26
53.8%
5.5%
Q4 25
53.8%
6.9%
Q3 25
34.3%
4.5%
Q2 25
65.1%
5.2%
Q1 25
35.0%
6.7%
Q4 24
35.1%
7.4%
Q3 24
34.9%
6.5%
Q2 24
53.0%
9.1%
Net Margin
FRT
FRT
LZB
LZB
Q1 26
38.6%
4.0%
Q4 25
38.6%
5.5%
Q3 25
19.1%
3.7%
Q2 25
50.0%
2.6%
Q1 25
20.6%
5.4%
Q4 24
21.0%
5.8%
Q3 24
20.1%
5.3%
Q2 24
37.8%
7.1%
EPS (diluted)
FRT
FRT
LZB
LZB
Q1 26
$1.49
$0.52
Q4 25
$1.49
$0.70
Q3 25
$0.69
$0.44
Q2 25
$1.78
$0.35
Q1 25
$0.72
$0.68
Q4 24
$0.74
$0.71
Q3 24
$0.70
$0.61
Q2 24
$1.32
$0.91

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
LZB
LZB
Cash + ST InvestmentsLiquidity on hand
$107.4M
$306.1M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$1.0B
Total Assets
$9.1B
$2.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
LZB
LZB
Q1 26
$107.4M
$306.1M
Q4 25
$107.4M
$338.5M
Q3 25
$111.3M
$318.5M
Q2 25
$177.0M
$328.4M
Q1 25
$109.2M
$314.6M
Q4 24
$123.4M
$303.1M
Q3 24
$97.0M
$342.3M
Q2 24
$103.2M
$341.1M
Total Debt
FRT
FRT
LZB
LZB
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
LZB
LZB
Q1 26
$3.2B
$1.0B
Q4 25
$3.2B
$1.0B
Q3 25
$3.2B
$1.0B
Q2 25
$3.2B
$1.0B
Q1 25
$3.2B
$1.0B
Q4 24
$3.2B
$1.0B
Q3 24
$3.1B
$999.2M
Q2 24
$3.0B
$1.0B
Total Assets
FRT
FRT
LZB
LZB
Q1 26
$9.1B
$2.1B
Q4 25
$9.1B
$2.0B
Q3 25
$8.9B
$1.9B
Q2 25
$8.6B
$1.9B
Q1 25
$8.6B
$2.0B
Q4 24
$8.5B
$1.9B
Q3 24
$8.5B
$1.9B
Q2 24
$8.4B
$1.9B
Debt / Equity
FRT
FRT
LZB
LZB
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
FRT
FRT
LZB
LZB
Operating Cash FlowLast quarter
$89.4M
Free Cash FlowOCF − Capex
$71.6M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
4.13×
TTM Free Cash FlowTrailing 4 quarters
$158.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
LZB
LZB
Q1 26
$89.4M
Q4 25
$622.4M
$50.0M
Q3 25
$147.8M
$36.3M
Q2 25
$150.7M
$62.0M
Q1 25
$179.0M
$57.0M
Q4 24
$574.6M
$15.9M
Q3 24
$144.1M
$52.3M
Q2 24
$169.7M
$52.8M
Free Cash Flow
FRT
FRT
LZB
LZB
Q1 26
$71.6M
Q4 25
$29.6M
Q3 25
$17.8M
Q2 25
$39.3M
Q1 25
$38.2M
Q4 24
$-1.2M
Q3 24
$36.7M
Q2 24
$37.3M
FCF Margin
FRT
FRT
LZB
LZB
Q1 26
13.2%
Q4 25
5.7%
Q3 25
3.6%
Q2 25
6.9%
Q1 25
7.3%
Q4 24
-0.2%
Q3 24
7.4%
Q2 24
6.7%
Capex Intensity
FRT
FRT
LZB
LZB
Q1 26
3.3%
Q4 25
3.9%
Q3 25
3.8%
Q2 25
4.0%
Q1 25
3.6%
Q4 24
3.3%
Q3 24
3.2%
Q2 24
2.8%
Cash Conversion
FRT
FRT
LZB
LZB
Q1 26
4.13×
Q4 25
4.80×
1.73×
Q3 25
2.40×
1.99×
Q2 25
0.97×
4.15×
Q1 25
2.81×
2.01×
Q4 24
8.77×
0.53×
Q3 24
2.36×
2.00×
Q2 24
1.52×
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

LZB
LZB

Stationary Upholstery Furniture$286.2M53%
Retail Segment$251.9M47%

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