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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and OneWater Marine Inc. (ONEW). Click either name above to swap in a different company.

OneWater Marine Inc. is the larger business by last-quarter revenue ($442.3M vs $336.0M, roughly 1.3× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -2.9%, a 41.5% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -8.5%). Over the past eight quarters, OneWater Marine Inc.'s revenue compounded faster (8.2% 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.

OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.

FRT vs ONEW — Head-to-Head

Bigger by revenue
ONEW
ONEW
1.3× larger
ONEW
$442.3M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+17.2% gap
FRT
8.7%
-8.5%
ONEW
Higher net margin
FRT
FRT
41.5% more per $
FRT
38.6%
-2.9%
ONEW
Faster 2-yr revenue CAGR
ONEW
ONEW
Annualised
ONEW
8.2%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FRT
FRT
ONEW
ONEW
Revenue
$336.0M
$442.3M
Net Profit
$129.7M
$-12.9M
Gross Margin
23.9%
Operating Margin
53.8%
1.7%
Net Margin
38.6%
-2.9%
Revenue YoY
8.7%
-8.5%
Net Profit YoY
103.5%
EPS (diluted)
$1.49
$-0.78

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
ONEW
ONEW
Q2 26
$442.3M
Q1 26
$336.0M
$380.6M
Q4 25
$336.0M
$380.6M
Q3 25
$322.3M
$460.1M
Q2 25
$311.5M
$552.9M
Q1 25
$309.2M
$483.5M
Q4 24
$311.4M
$375.8M
Q3 24
$303.6M
$377.9M
Net Profit
FRT
FRT
ONEW
ONEW
Q2 26
$-12.9M
Q1 26
$129.7M
$-7.7M
Q4 25
$129.7M
$-7.7M
Q3 25
$61.6M
$-113.0M
Q2 25
$155.9M
$10.7M
Q1 25
$63.8M
$-368.0K
Q4 24
$65.5M
$-12.0M
Q3 24
$61.0M
$-9.2M
Gross Margin
FRT
FRT
ONEW
ONEW
Q2 26
23.9%
Q1 26
23.5%
Q4 25
23.5%
Q3 25
22.6%
Q2 25
23.3%
Q1 25
22.8%
Q4 24
22.4%
Q3 24
24.0%
Operating Margin
FRT
FRT
ONEW
ONEW
Q2 26
1.7%
Q1 26
53.8%
Q4 25
53.8%
-1.4%
Q3 25
34.3%
-28.3%
Q2 25
65.1%
5.5%
Q1 25
35.0%
3.4%
Q4 24
35.1%
-0.5%
Q3 24
34.9%
1.2%
Net Margin
FRT
FRT
ONEW
ONEW
Q2 26
-2.9%
Q1 26
38.6%
-2.0%
Q4 25
38.6%
-2.0%
Q3 25
19.1%
-24.5%
Q2 25
50.0%
1.9%
Q1 25
20.6%
-0.1%
Q4 24
21.0%
-3.2%
Q3 24
20.1%
-2.4%
EPS (diluted)
FRT
FRT
ONEW
ONEW
Q2 26
$-0.78
Q1 26
$1.49
$-0.47
Q4 25
$1.49
Q3 25
$0.69
Q2 25
$1.78
Q1 25
$0.72
Q4 24
$0.74
Q3 24
$0.70

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
ONEW
ONEW
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$269.4M
Total Assets
$9.1B
$1.4B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
ONEW
ONEW
Q2 26
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Total Debt
FRT
FRT
ONEW
ONEW
Q2 26
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Stockholders' Equity
FRT
FRT
ONEW
ONEW
Q2 26
$269.4M
Q1 26
$3.2B
$277.5M
Q4 25
$3.2B
$277.5M
Q3 25
$3.2B
$285.0M
Q2 25
$3.2B
$393.2M
Q1 25
$3.2B
$381.6M
Q4 24
$3.2B
$354.8M
Q3 24
$3.1B
$360.8M
Total Assets
FRT
FRT
ONEW
ONEW
Q2 26
$1.4B
Q1 26
$9.1B
$1.4B
Q4 25
$9.1B
$1.4B
Q3 25
$8.9B
$1.4B
Q2 25
$8.6B
$1.5B
Q1 25
$8.6B
$1.6B
Q4 24
$8.5B
$1.6B
Q3 24
$8.5B
$1.6B
Debt / Equity
FRT
FRT
ONEW
ONEW
Q2 26
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

ONEW
ONEW

New boat$272.0M62%
Pre-owned boat$94.4M21%
Service, parts & other$61.9M14%
Finance & insurance income$14.0M3%

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