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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and DOUGLAS DYNAMICS, INC (PLOW). 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 $184.5M, roughly 1.8× DOUGLAS DYNAMICS, INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 7.0%, a 31.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 8.7%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.

General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...

FRT vs PLOW — Head-to-Head

Bigger by revenue
FRT
FRT
1.8× larger
FRT
$336.0M
$184.5M
PLOW
Growing faster (revenue YoY)
PLOW
PLOW
+19.9% gap
PLOW
28.6%
8.7%
FRT
Higher net margin
FRT
FRT
31.7% more per $
FRT
38.6%
7.0%
PLOW
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
PLOW
PLOW
Revenue
$336.0M
$184.5M
Net Profit
$129.7M
$12.8M
Gross Margin
26.1%
Operating Margin
53.8%
10.5%
Net Margin
38.6%
7.0%
Revenue YoY
8.7%
28.6%
Net Profit YoY
103.5%
62.3%
EPS (diluted)
$1.49
$0.54

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
PLOW
PLOW
Q1 26
$336.0M
Q4 25
$336.0M
$184.5M
Q3 25
$322.3M
$162.1M
Q2 25
$311.5M
$194.3M
Q1 25
$309.2M
$115.1M
Q4 24
$311.4M
$143.5M
Q3 24
$303.6M
$129.4M
Q2 24
$296.1M
$199.9M
Net Profit
FRT
FRT
PLOW
PLOW
Q1 26
$129.7M
Q4 25
$129.7M
$12.8M
Q3 25
$61.6M
$8.0M
Q2 25
$155.9M
$26.0M
Q1 25
$63.8M
$148.0K
Q4 24
$65.5M
$7.9M
Q3 24
$61.0M
$32.3M
Q2 24
$112.0M
$24.3M
Gross Margin
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
26.1%
Q3 25
23.5%
Q2 25
31.0%
Q1 25
24.5%
Q4 24
24.9%
Q3 24
23.9%
Q2 24
30.7%
Operating Margin
FRT
FRT
PLOW
PLOW
Q1 26
53.8%
Q4 25
53.8%
10.5%
Q3 25
34.3%
8.7%
Q2 25
65.1%
19.0%
Q1 25
35.0%
2.8%
Q4 24
35.1%
9.0%
Q3 24
34.9%
35.4%
Q2 24
53.0%
18.2%
Net Margin
FRT
FRT
PLOW
PLOW
Q1 26
38.6%
Q4 25
38.6%
7.0%
Q3 25
19.1%
4.9%
Q2 25
50.0%
13.4%
Q1 25
20.6%
0.1%
Q4 24
21.0%
5.5%
Q3 24
20.1%
24.9%
Q2 24
37.8%
12.2%
EPS (diluted)
FRT
FRT
PLOW
PLOW
Q1 26
$1.49
Q4 25
$1.49
$0.54
Q3 25
$0.69
$0.33
Q2 25
$1.78
$1.09
Q1 25
$0.72
$0.00
Q4 24
$0.74
$0.35
Q3 24
$0.70
$1.36
Q2 24
$1.32
$1.02

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
$144.0M
Stockholders' EquityBook value
$3.2B
$281.4M
Total Assets
$9.1B
$626.7M
Debt / EquityLower = less leverage
1.53×
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
PLOW
PLOW
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
Q2 24
$103.2M
Total Debt
FRT
FRT
PLOW
PLOW
Q1 26
$5.0B
Q4 25
$5.0B
$144.0M
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$147.5M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
PLOW
PLOW
Q1 26
$3.2B
Q4 25
$3.2B
$281.4M
Q3 25
$3.2B
$275.3M
Q2 25
$3.2B
$273.3M
Q1 25
$3.2B
$258.9M
Q4 24
$3.2B
$264.2M
Q3 24
$3.1B
$260.8M
Q2 24
$3.0B
$236.7M
Total Assets
FRT
FRT
PLOW
PLOW
Q1 26
$9.1B
Q4 25
$9.1B
$626.7M
Q3 25
$8.9B
$694.9M
Q2 25
$8.6B
$671.5M
Q1 25
$8.6B
$621.0M
Q4 24
$8.5B
$590.0M
Q3 24
$8.5B
$665.6M
Q2 24
$8.4B
$617.0M
Debt / Equity
FRT
FRT
PLOW
PLOW
Q1 26
1.53×
Q4 25
1.53×
0.51×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.56×
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
PLOW
PLOW
Operating Cash FlowLast quarter
$95.9M
Free Cash FlowOCF − Capex
$92.8M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
$622.4M
$95.9M
Q3 25
$147.8M
$-8.5M
Q2 25
$150.7M
$-11.4M
Q1 25
$179.0M
$-1.3M
Q4 24
$574.6M
$74.4M
Q3 24
$144.1M
$-14.2M
Q2 24
$169.7M
$2.5M
Free Cash Flow
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
$92.8M
Q3 25
$-11.4M
Q2 25
$-14.3M
Q1 25
$-3.5M
Q4 24
$70.2M
Q3 24
$-15.2M
Q2 24
$836.0K
FCF Margin
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
50.3%
Q3 25
-7.1%
Q2 25
-7.4%
Q1 25
-3.0%
Q4 24
48.9%
Q3 24
-11.8%
Q2 24
0.4%
Capex Intensity
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
1.7%
Q3 25
1.8%
Q2 25
1.5%
Q1 25
1.9%
Q4 24
2.9%
Q3 24
0.8%
Q2 24
0.8%
Cash Conversion
FRT
FRT
PLOW
PLOW
Q1 26
Q4 25
4.80×
7.47×
Q3 25
2.40×
-1.07×
Q2 25
0.97×
-0.44×
Q1 25
2.81×
-9.03×
Q4 24
8.77×
9.41×
Q3 24
2.36×
-0.44×
Q2 24
1.52×
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

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