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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and ORMAT TECHNOLOGIES, INC. (ORA). 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 $276.0M, roughly 1.2× ORMAT TECHNOLOGIES, INC.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 11.4%, a 27.3% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 8.7%). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% 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.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

FRT vs ORA — Head-to-Head

Bigger by revenue
FRT
FRT
1.2× larger
FRT
$336.0M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+10.9% gap
ORA
19.6%
8.7%
FRT
Higher net margin
FRT
FRT
27.3% more per $
FRT
38.6%
11.4%
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
ORA
ORA
Revenue
$336.0M
$276.0M
Net Profit
$129.7M
$31.4M
Gross Margin
28.6%
Operating Margin
53.8%
15.4%
Net Margin
38.6%
11.4%
Revenue YoY
8.7%
19.6%
Net Profit YoY
103.5%
-23.2%
EPS (diluted)
$1.49
$0.51

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
ORA
ORA
Q1 26
$336.0M
Q4 25
$336.0M
$276.0M
Q3 25
$322.3M
$249.7M
Q2 25
$311.5M
$234.0M
Q1 25
$309.2M
$229.8M
Q4 24
$311.4M
$230.7M
Q3 24
$303.6M
$211.8M
Q2 24
$296.1M
$213.0M
Net Profit
FRT
FRT
ORA
ORA
Q1 26
$129.7M
Q4 25
$129.7M
$31.4M
Q3 25
$61.6M
$24.1M
Q2 25
$155.9M
$28.0M
Q1 25
$63.8M
$40.4M
Q4 24
$65.5M
$40.8M
Q3 24
$61.0M
$22.1M
Q2 24
$112.0M
$22.2M
Gross Margin
FRT
FRT
ORA
ORA
Q1 26
Q4 25
28.6%
Q3 25
25.6%
Q2 25
24.3%
Q1 25
31.7%
Q4 24
31.9%
Q3 24
27.8%
Q2 24
28.8%
Operating Margin
FRT
FRT
ORA
ORA
Q1 26
53.8%
Q4 25
53.8%
15.4%
Q3 25
34.3%
16.2%
Q2 25
65.1%
15.1%
Q1 25
35.0%
22.2%
Q4 24
35.1%
21.3%
Q3 24
34.9%
16.8%
Q2 24
53.0%
16.5%
Net Margin
FRT
FRT
ORA
ORA
Q1 26
38.6%
Q4 25
38.6%
11.4%
Q3 25
19.1%
9.7%
Q2 25
50.0%
12.0%
Q1 25
20.6%
17.6%
Q4 24
21.0%
17.7%
Q3 24
20.1%
10.4%
Q2 24
37.8%
10.4%
EPS (diluted)
FRT
FRT
ORA
ORA
Q1 26
$1.49
Q4 25
$1.49
$0.51
Q3 25
$0.69
$0.39
Q2 25
$1.78
$0.46
Q1 25
$0.72
$0.66
Q4 24
$0.74
$0.67
Q3 24
$0.70
$0.36
Q2 24
$1.32
$0.37

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$107.4M
$147.4M
Total DebtLower is stronger
$5.0B
$2.7B
Stockholders' EquityBook value
$3.2B
$2.5B
Total Assets
$9.1B
$6.2B
Debt / EquityLower = less leverage
1.53×
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
ORA
ORA
Q1 26
$107.4M
Q4 25
$107.4M
$147.4M
Q3 25
$111.3M
$79.6M
Q2 25
$177.0M
$88.5M
Q1 25
$109.2M
$112.7M
Q4 24
$123.4M
$94.4M
Q3 24
$97.0M
$88.1M
Q2 24
$103.2M
$66.3M
Total Debt
FRT
FRT
ORA
ORA
Q1 26
$5.0B
Q4 25
$5.0B
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$2.3B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
ORA
ORA
Q1 26
$3.2B
Q4 25
$3.2B
$2.5B
Q3 25
$3.2B
$2.5B
Q2 25
$3.2B
$2.5B
Q1 25
$3.2B
$2.5B
Q4 24
$3.2B
$2.4B
Q3 24
$3.1B
$2.4B
Q2 24
$3.0B
$2.4B
Total Assets
FRT
FRT
ORA
ORA
Q1 26
$9.1B
Q4 25
$9.1B
$6.2B
Q3 25
$8.9B
$6.1B
Q2 25
$8.6B
$6.0B
Q1 25
$8.6B
$5.8B
Q4 24
$8.5B
$5.7B
Q3 24
$8.5B
$5.6B
Q2 24
$8.4B
$5.5B
Debt / Equity
FRT
FRT
ORA
ORA
Q1 26
1.53×
Q4 25
1.53×
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.97×
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
ORA
ORA
Operating Cash FlowLast quarter
$105.0M
Free Cash FlowOCF − Capex
$-40.0M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
52.6%
Cash ConversionOCF / Net Profit
3.35×
TTM Free Cash FlowTrailing 4 quarters
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
ORA
ORA
Q1 26
Q4 25
$622.4M
$105.0M
Q3 25
$147.8M
$45.2M
Q2 25
$150.7M
$96.9M
Q1 25
$179.0M
$88.0M
Q4 24
$574.6M
$158.6M
Q3 24
$144.1M
$106.4M
Q2 24
$169.7M
$30.7M
Free Cash Flow
FRT
FRT
ORA
ORA
Q1 26
Q4 25
$-40.0M
Q3 25
$-102.1M
Q2 25
$-37.9M
Q1 25
$-104.6M
Q4 24
$30.9M
Q3 24
$-3.3M
Q2 24
$-116.1M
FCF Margin
FRT
FRT
ORA
ORA
Q1 26
Q4 25
-14.5%
Q3 25
-40.9%
Q2 25
-16.2%
Q1 25
-45.5%
Q4 24
13.4%
Q3 24
-1.6%
Q2 24
-54.5%
Capex Intensity
FRT
FRT
ORA
ORA
Q1 26
Q4 25
52.6%
Q3 25
59.0%
Q2 25
57.6%
Q1 25
83.8%
Q4 24
55.4%
Q3 24
51.8%
Q2 24
69.0%
Cash Conversion
FRT
FRT
ORA
ORA
Q1 26
Q4 25
4.80×
3.35×
Q3 25
2.40×
1.87×
Q2 25
0.97×
3.45×
Q1 25
2.81×
2.18×
Q4 24
8.77×
3.89×
Q3 24
2.36×
4.82×
Q2 24
1.52×
1.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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