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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Pediatrix Medical Group, Inc. (MD). Click either name above to swap in a different company.

Pediatrix Medical Group, Inc. is the larger business by last-quarter revenue ($493.8M vs $336.0M, roughly 1.5× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 6.8%, a 31.8% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -1.7%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -0.1%).

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.

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

FRT vs MD — Head-to-Head

Bigger by revenue
MD
MD
1.5× larger
MD
$493.8M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+10.4% gap
FRT
8.7%
-1.7%
MD
Higher net margin
FRT
FRT
31.8% more per $
FRT
38.6%
6.8%
MD
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-0.1%
MD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
MD
MD
Revenue
$336.0M
$493.8M
Net Profit
$129.7M
$33.7M
Gross Margin
Operating Margin
53.8%
9.9%
Net Margin
38.6%
6.8%
Revenue YoY
8.7%
-1.7%
Net Profit YoY
103.5%
10.5%
EPS (diluted)
$1.49
$0.40

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
MD
MD
Q1 26
$336.0M
Q4 25
$336.0M
$493.8M
Q3 25
$322.3M
$492.9M
Q2 25
$311.5M
$468.8M
Q1 25
$309.2M
$458.4M
Q4 24
$311.4M
$502.4M
Q3 24
$303.6M
$511.2M
Q2 24
$296.1M
$504.3M
Net Profit
FRT
FRT
MD
MD
Q1 26
$129.7M
Q4 25
$129.7M
$33.7M
Q3 25
$61.6M
$71.7M
Q2 25
$155.9M
$39.3M
Q1 25
$63.8M
$20.7M
Q4 24
$65.5M
$30.5M
Q3 24
$61.0M
$19.4M
Q2 24
$112.0M
$-153.0M
Operating Margin
FRT
FRT
MD
MD
Q1 26
53.8%
Q4 25
53.8%
9.9%
Q3 25
34.3%
13.8%
Q2 25
65.1%
12.8%
Q1 25
35.0%
7.0%
Q4 24
35.1%
7.8%
Q3 24
34.9%
6.6%
Q2 24
53.0%
-31.3%
Net Margin
FRT
FRT
MD
MD
Q1 26
38.6%
Q4 25
38.6%
6.8%
Q3 25
19.1%
14.5%
Q2 25
50.0%
8.4%
Q1 25
20.6%
4.5%
Q4 24
21.0%
6.1%
Q3 24
20.1%
3.8%
Q2 24
37.8%
-30.3%
EPS (diluted)
FRT
FRT
MD
MD
Q1 26
$1.49
Q4 25
$1.49
$0.40
Q3 25
$0.69
$0.84
Q2 25
$1.78
$0.46
Q1 25
$0.72
$0.24
Q4 24
$0.74
$0.37
Q3 24
$0.70
$0.23
Q2 24
$1.32
$-1.84

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
MD
MD
Cash + ST InvestmentsLiquidity on hand
$107.4M
$375.2M
Total DebtLower is stronger
$5.0B
$570.5M
Stockholders' EquityBook value
$3.2B
$865.9M
Total Assets
$9.1B
$2.2B
Debt / EquityLower = less leverage
1.53×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
MD
MD
Q1 26
$107.4M
Q4 25
$107.4M
$375.2M
Q3 25
$111.3M
$340.1M
Q2 25
$177.0M
$224.7M
Q1 25
$109.2M
$99.0M
Q4 24
$123.4M
$229.9M
Q3 24
$97.0M
$103.8M
Q2 24
$103.2M
$19.4M
Total Debt
FRT
FRT
MD
MD
Q1 26
$5.0B
Q4 25
$5.0B
$570.5M
Q3 25
$577.2M
Q2 25
$583.9M
Q1 25
$590.5M
Q4 24
$4.5B
$597.1M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
MD
MD
Q1 26
$3.2B
Q4 25
$3.2B
$865.9M
Q3 25
$3.2B
$890.7M
Q2 25
$3.2B
$833.8M
Q1 25
$3.2B
$789.2M
Q4 24
$3.2B
$764.9M
Q3 24
$3.1B
$732.5M
Q2 24
$3.0B
$706.5M
Total Assets
FRT
FRT
MD
MD
Q1 26
$9.1B
Q4 25
$9.1B
$2.2B
Q3 25
$8.9B
$2.2B
Q2 25
$8.6B
$2.1B
Q1 25
$8.6B
$2.0B
Q4 24
$8.5B
$2.2B
Q3 24
$8.5B
$2.1B
Q2 24
$8.4B
$2.0B
Debt / Equity
FRT
FRT
MD
MD
Q1 26
1.53×
Q4 25
1.53×
0.66×
Q3 25
0.65×
Q2 25
0.70×
Q1 25
0.75×
Q4 24
1.42×
0.78×
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
MD
MD
Operating Cash FlowLast quarter
$114.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
MD
MD
Q1 26
Q4 25
$622.4M
$114.1M
Q3 25
$147.8M
$137.3M
Q2 25
$150.7M
$137.2M
Q1 25
$179.0M
$-117.5M
Q4 24
$574.6M
$133.0M
Q3 24
$144.1M
$91.8M
Q2 24
$169.7M
$107.0M
Cash Conversion
FRT
FRT
MD
MD
Q1 26
Q4 25
4.80×
3.39×
Q3 25
2.40×
1.91×
Q2 25
0.97×
3.49×
Q1 25
2.81×
-5.66×
Q4 24
8.77×
4.36×
Q3 24
2.36×
4.72×
Q2 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

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