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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and PROG Holdings, Inc. (PRG). Click either name above to swap in a different company.

PROG Holdings, Inc. is the larger business by last-quarter revenue ($651.6M vs $336.0M, roughly 1.9× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 5.5%, a 33.1% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -19.6%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 4.9%).

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.

PROG Holdings, Inc. is a U.S.-based financial technology firm providing flexible lease-to-own and point-of-sale financing solutions to consumers. Operating primarily in the U.S. market, its core segments include retail partner financing, consumer lending, and payment services that help customers access electronics and household goods without traditional credit requirements.

FRT vs PRG — Head-to-Head

Bigger by revenue
PRG
PRG
1.9× larger
PRG
$651.6M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+28.3% gap
FRT
8.7%
-19.6%
PRG
Higher net margin
FRT
FRT
33.1% more per $
FRT
38.6%
5.5%
PRG
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
4.9%
PRG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRT
FRT
PRG
PRG
Revenue
$336.0M
$651.6M
Net Profit
$129.7M
$36.1M
Gross Margin
Operating Margin
53.8%
10.0%
Net Margin
38.6%
5.5%
Revenue YoY
8.7%
-19.6%
Net Profit YoY
103.5%
3.8%
EPS (diluted)
$1.49
$3.68

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
PRG
PRG
Q1 26
$336.0M
$651.6M
Q4 25
$336.0M
$525.4M
Q3 25
$322.3M
$595.1M
Q2 25
$311.5M
$604.7M
Q1 25
$309.2M
$684.1M
Q4 24
$311.4M
$558.9M
Q3 24
$303.6M
$606.1M
Q2 24
$296.1M
$592.2M
Net Profit
FRT
FRT
PRG
PRG
Q1 26
$129.7M
$36.1M
Q4 25
$129.7M
$40.5M
Q3 25
$61.6M
$33.1M
Q2 25
$155.9M
$38.5M
Q1 25
$63.8M
$34.7M
Q4 24
$65.5M
$57.5M
Q3 24
$61.0M
$84.0M
Q2 24
$112.0M
$33.8M
Operating Margin
FRT
FRT
PRG
PRG
Q1 26
53.8%
10.0%
Q4 25
53.8%
6.9%
Q3 25
34.3%
9.0%
Q2 25
65.1%
10.0%
Q1 25
35.0%
8.2%
Q4 24
35.1%
8.9%
Q3 24
34.9%
8.1%
Q2 24
53.0%
9.4%
Net Margin
FRT
FRT
PRG
PRG
Q1 26
38.6%
5.5%
Q4 25
38.6%
7.7%
Q3 25
19.1%
5.6%
Q2 25
50.0%
6.4%
Q1 25
20.6%
5.1%
Q4 24
21.0%
10.3%
Q3 24
20.1%
13.9%
Q2 24
37.8%
5.7%
EPS (diluted)
FRT
FRT
PRG
PRG
Q1 26
$1.49
$3.68
Q4 25
$1.49
$0.99
Q3 25
$0.69
$0.82
Q2 25
$1.78
$0.95
Q1 25
$0.72
$0.83
Q4 24
$0.74
$1.33
Q3 24
$0.70
$1.94
Q2 24
$1.32
$0.77

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
PRG
PRG
Cash + ST InvestmentsLiquidity on hand
$107.4M
$69.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$774.4M
Total Assets
$9.1B
$2.0B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
PRG
PRG
Q1 26
$107.4M
$69.4M
Q4 25
$107.4M
$308.8M
Q3 25
$111.3M
$292.6M
Q2 25
$177.0M
$222.0M
Q1 25
$109.2M
$213.3M
Q4 24
$123.4M
$90.9M
Q3 24
$97.0M
$221.7M
Q2 24
$103.2M
$250.1M
Total Debt
FRT
FRT
PRG
PRG
Q1 26
$5.0B
Q4 25
$5.0B
$594.9M
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
$643.6M
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
PRG
PRG
Q1 26
$3.2B
$774.4M
Q4 25
$3.2B
$746.4M
Q3 25
$3.2B
$703.6M
Q2 25
$3.2B
$668.7M
Q1 25
$3.2B
$654.4M
Q4 24
$3.2B
$650.3M
Q3 24
$3.1B
$630.8M
Q2 24
$3.0B
$581.9M
Total Assets
FRT
FRT
PRG
PRG
Q1 26
$9.1B
$2.0B
Q4 25
$9.1B
$1.6B
Q3 25
$8.9B
$1.5B
Q2 25
$8.6B
$1.5B
Q1 25
$8.6B
$1.5B
Q4 24
$8.5B
$1.5B
Q3 24
$8.5B
$1.4B
Q2 24
$8.4B
$1.5B
Debt / Equity
FRT
FRT
PRG
PRG
Q1 26
1.53×
Q4 25
1.53×
0.80×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
0.99×
Q3 24
Q2 24

Financial Flow Comparison

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

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