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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and PHOTRONICS INC (PLAB). 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 $210.4M, roughly 1.6× PHOTRONICS INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 10.9%, a 27.7% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -5.5%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -3.8%).
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.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
FRT vs PLAB — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $210.4M |
| Net Profit | $129.7M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 53.8% | 22.9% |
| Net Margin | 38.6% | 10.9% |
| Revenue YoY | 8.7% | -5.5% |
| Net Profit YoY | 103.5% | -32.4% |
| EPS (diluted) | $1.49 | $0.39 |
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 | — | ||
| Q3 25 | $322.3M | $210.4M | ||
| Q2 25 | $311.5M | $211.0M | ||
| Q1 25 | $309.2M | $212.1M | ||
| Q4 24 | $311.4M | $222.6M | ||
| Q3 24 | $303.6M | $211.0M | ||
| Q2 24 | $296.1M | $217.0M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | — | ||
| Q3 25 | $61.6M | $22.9M | ||
| Q2 25 | $155.9M | $8.9M | ||
| Q1 25 | $63.8M | $42.9M | ||
| Q4 24 | $65.5M | $33.9M | ||
| Q3 24 | $61.0M | $34.4M | ||
| Q2 24 | $112.0M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 34.3% | 22.9% | ||
| Q2 25 | 65.1% | 26.4% | ||
| Q1 25 | 35.0% | 24.6% | ||
| Q4 24 | 35.1% | 25.1% | ||
| Q3 24 | 34.9% | 24.7% | ||
| Q2 24 | 53.0% | 25.8% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | — | ||
| Q3 25 | 19.1% | 10.9% | ||
| Q2 25 | 50.0% | 4.2% | ||
| Q1 25 | 20.6% | 20.2% | ||
| Q4 24 | 21.0% | 15.2% | ||
| Q3 24 | 20.1% | 16.3% | ||
| Q2 24 | 37.8% | 16.7% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | — | ||
| Q3 25 | $0.69 | $0.39 | ||
| Q2 25 | $1.78 | $0.15 | ||
| Q1 25 | $0.72 | $0.68 | ||
| Q4 24 | $0.74 | $0.54 | ||
| Q3 24 | $0.70 | $0.55 | ||
| Q2 24 | $1.32 | $0.58 |
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 | $575.8M |
| Total DebtLower is stronger | $5.0B | $16.0K |
| Stockholders' EquityBook value | $3.2B | $1.1B |
| Total Assets | $9.1B | $1.8B |
| Debt / EquityLower = less leverage | 1.53× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | — | ||
| Q3 25 | $111.3M | $575.8M | ||
| Q2 25 | $177.0M | $558.4M | ||
| Q1 25 | $109.2M | $642.2M | ||
| Q4 24 | $123.4M | $640.7M | ||
| Q3 24 | $97.0M | $606.4M | ||
| Q2 24 | $103.2M | $559.9M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | $4.5B | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | $1.1B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.0B | $1.0B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | $1.8B | ||
| Q2 25 | $8.6B | $1.7B | ||
| Q1 25 | $8.6B | $1.7B | ||
| Q4 24 | $8.5B | $1.7B | ||
| Q3 24 | $8.5B | $1.6B | ||
| Q2 24 | $8.4B | $1.6B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 1.42× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | — | ||
| Q3 25 | $147.8M | $50.1M | ||
| Q2 25 | $150.7M | $31.5M | ||
| Q1 25 | $179.0M | $78.5M | ||
| Q4 24 | $574.6M | $68.4M | ||
| Q3 24 | $144.1M | $75.1M | ||
| Q2 24 | $169.7M | $76.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $56.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 26.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 2.40× | 2.19× | ||
| Q2 25 | 0.97× | 3.55× | ||
| Q1 25 | 2.81× | 1.83× | ||
| Q4 24 | 8.77× | 2.02× | ||
| Q3 24 | 2.36× | 2.18× | ||
| Q2 24 | 1.52× | 2.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
