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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Mistras Group, Inc. (MG). 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 $181.5M, roughly 1.9× Mistras Group, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 2.1%, a 36.5% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 5.1%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
FRT vs MG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $181.5M |
| Net Profit | $129.7M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 53.8% | 7.0% |
| Net Margin | 38.6% | 2.1% |
| Revenue YoY | 8.7% | 5.1% |
| Net Profit YoY | 103.5% | -27.4% |
| EPS (diluted) | $1.49 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $322.3M | $195.5M | ||
| Q2 25 | $311.5M | $185.4M | ||
| Q1 25 | $309.2M | $161.6M | ||
| Q4 24 | $311.4M | $172.7M | ||
| Q3 24 | $303.6M | $182.7M | ||
| Q2 24 | $296.1M | $189.8M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $3.8M | ||
| Q3 25 | $61.6M | $13.1M | ||
| Q2 25 | $155.9M | $3.0M | ||
| Q1 25 | $63.8M | $-3.2M | ||
| Q4 24 | $65.5M | $5.2M | ||
| Q3 24 | $61.0M | $6.4M | ||
| Q2 24 | $112.0M | $6.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 7.0% | ||
| Q3 25 | 34.3% | 10.4% | ||
| Q2 25 | 65.1% | 4.5% | ||
| Q1 25 | 35.0% | -0.6% | ||
| Q4 24 | 35.1% | 6.1% | ||
| Q3 24 | 34.9% | 6.5% | ||
| Q2 24 | 53.0% | 6.3% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 2.1% | ||
| Q3 25 | 19.1% | 6.7% | ||
| Q2 25 | 50.0% | 1.6% | ||
| Q1 25 | 20.6% | -2.0% | ||
| Q4 24 | 21.0% | 3.0% | ||
| Q3 24 | 20.1% | 3.5% | ||
| Q2 24 | 37.8% | 3.4% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.12 | ||
| Q3 25 | $0.69 | $0.41 | ||
| Q2 25 | $1.78 | $0.10 | ||
| Q1 25 | $0.72 | $-0.10 | ||
| Q4 24 | $0.74 | $0.17 | ||
| Q3 24 | $0.70 | $0.20 | ||
| Q2 24 | $1.32 | $0.20 |
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 | $28.0M |
| Total DebtLower is stronger | $5.0B | $178.0M |
| Stockholders' EquityBook value | $3.2B | $235.1M |
| Total Assets | $9.1B | $578.8M |
| Debt / EquityLower = less leverage | 1.53× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $28.0M | ||
| Q3 25 | $111.3M | $27.8M | ||
| Q2 25 | $177.0M | $20.0M | ||
| Q1 25 | $109.2M | $18.5M | ||
| Q4 24 | $123.4M | $18.3M | ||
| Q3 24 | $97.0M | $20.4M | ||
| Q2 24 | $103.2M | $17.2M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $178.0M | ||
| Q3 25 | — | $202.3M | ||
| Q2 25 | — | $189.4M | ||
| Q1 25 | — | $171.9M | ||
| Q4 24 | $4.5B | $169.6M | ||
| Q3 24 | — | $189.7M | ||
| Q2 24 | — | $199.7M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $235.1M | ||
| Q3 25 | $3.2B | $227.4M | ||
| Q2 25 | $3.2B | $215.8M | ||
| Q1 25 | $3.2B | $198.7M | ||
| Q4 24 | $3.2B | $198.6M | ||
| Q3 24 | $3.1B | $205.2M | ||
| Q2 24 | $3.0B | $193.2M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $578.8M | ||
| Q3 25 | $8.9B | $596.3M | ||
| Q2 25 | $8.6B | $571.0M | ||
| Q1 25 | $8.6B | $526.8M | ||
| Q4 24 | $8.5B | $523.0M | ||
| Q3 24 | $8.5B | $551.7M | ||
| Q2 24 | $8.4B | $548.1M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 1.42× | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× |
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 | — | $32.1M |
| Free Cash FlowOCF − Capex | — | $26.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $32.1M | ||
| Q3 25 | $147.8M | $4.5M | ||
| Q2 25 | $150.7M | $-9.3M | ||
| Q1 25 | $179.0M | $5.6M | ||
| Q4 24 | $574.6M | $25.7M | ||
| Q3 24 | $144.1M | $19.4M | ||
| Q2 24 | $169.7M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $26.0M | ||
| Q3 25 | — | $-4.1M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | — | $14.6M | ||
| Q2 24 | — | $-284.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | -7.9% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 8.55× | ||
| Q3 25 | 2.40× | 0.34× | ||
| Q2 25 | 0.97× | -3.07× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 8.77× | 4.96× | ||
| Q3 24 | 2.36× | 3.02× | ||
| Q2 24 | 1.52× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
