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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.4× ONESPAWORLD HOLDINGS Ltd). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 5.0%, a 33.6% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 8.7%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
FRT vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $242.1M |
| Net Profit | $129.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 6.8% |
| Net Margin | 38.6% | 5.0% |
| Revenue YoY | 8.7% | 11.5% |
| Net Profit YoY | 103.5% | -16.2% |
| 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 | $242.1M | ||
| Q3 25 | $322.3M | $258.5M | ||
| Q2 25 | $311.5M | $240.7M | ||
| Q1 25 | $309.2M | $219.6M | ||
| Q4 24 | $311.4M | $217.2M | ||
| Q3 24 | $303.6M | $241.7M | ||
| Q2 24 | $296.1M | $224.9M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $12.1M | ||
| Q3 25 | $61.6M | $24.3M | ||
| Q2 25 | $155.9M | $19.9M | ||
| Q1 25 | $63.8M | $15.3M | ||
| Q4 24 | $65.5M | $14.4M | ||
| Q3 24 | $61.0M | $21.6M | ||
| Q2 24 | $112.0M | $15.8M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 6.8% | ||
| Q3 25 | 34.3% | 10.2% | ||
| Q2 25 | 65.1% | 9.2% | ||
| Q1 25 | 35.0% | 7.7% | ||
| Q4 24 | 35.1% | 7.9% | ||
| Q3 24 | 34.9% | 10.3% | ||
| Q2 24 | 53.0% | 8.4% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 5.0% | ||
| Q3 25 | 19.1% | 9.4% | ||
| Q2 25 | 50.0% | 8.3% | ||
| Q1 25 | 20.6% | 7.0% | ||
| Q4 24 | 21.0% | 6.6% | ||
| Q3 24 | 20.1% | 8.9% | ||
| Q2 24 | 37.8% | 7.0% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.12 | ||
| Q3 25 | $0.69 | $0.23 | ||
| Q2 25 | $1.78 | $0.19 | ||
| Q1 25 | $0.72 | $0.15 | ||
| Q4 24 | $0.74 | $0.13 | ||
| Q3 24 | $0.70 | $0.20 | ||
| Q2 24 | $1.32 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | $5.0B | $84.0M |
| Stockholders' EquityBook value | $3.2B | $542.6M |
| Total Assets | $9.1B | $707.1M |
| Debt / EquityLower = less leverage | 1.53× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $16.3M | ||
| Q3 25 | $111.3M | $29.6M | ||
| Q2 25 | $177.0M | $35.0M | ||
| Q1 25 | $109.2M | $22.6M | ||
| Q4 24 | $123.4M | $57.4M | ||
| Q3 24 | $97.0M | $48.8M | ||
| Q2 24 | $103.2M | $62.5M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | $4.5B | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $542.6M | ||
| Q3 25 | $3.2B | $552.8M | ||
| Q2 25 | $3.2B | $548.3M | ||
| Q1 25 | $3.2B | $530.6M | ||
| Q4 24 | $3.2B | $554.5M | ||
| Q3 24 | $3.1B | $540.1M | ||
| Q2 24 | $3.0B | $532.7M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $707.1M | ||
| Q3 25 | $8.9B | $732.6M | ||
| Q2 25 | $8.6B | $731.8M | ||
| Q1 25 | $8.6B | $708.7M | ||
| Q4 24 | $8.5B | $746.4M | ||
| Q3 24 | $8.5B | $734.0M | ||
| Q2 24 | $8.4B | $756.8M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | 1.42× | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $20.0M | ||
| Q3 25 | $147.8M | $33.2M | ||
| Q2 25 | $150.7M | $20.3M | ||
| Q1 25 | $179.0M | $10.1M | ||
| Q4 24 | $574.6M | $16.6M | ||
| Q3 24 | $144.1M | $28.6M | ||
| Q2 24 | $169.7M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 1.65× | ||
| Q3 25 | 2.40× | 1.36× | ||
| Q2 25 | 0.97× | 1.02× | ||
| Q1 25 | 2.81× | 0.66× | ||
| Q4 24 | 8.77× | 1.15× | ||
| Q3 24 | 2.36× | 1.33× | ||
| Q2 24 | 1.52× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
