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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and PARK NATIONAL CORP (PRK). 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 $168.3M, roughly 2.0× PARK NATIONAL CORP). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 25.3%, a 13.3% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 2.2%). 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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
FRT vs PRK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $168.3M |
| Net Profit | $129.7M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | — |
| Net Margin | 38.6% | 25.3% |
| Revenue YoY | 8.7% | 2.2% |
| Net Profit YoY | 103.5% | 10.4% |
| EPS (diluted) | $1.49 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $322.3M | $169.5M | ||
| Q2 25 | $311.5M | $168.7M | ||
| Q1 25 | $309.2M | $157.9M | ||
| Q4 24 | $311.4M | $164.7M | ||
| Q3 24 | $303.6M | $170.3M | ||
| Q2 24 | $296.1M | $157.7M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $42.6M | ||
| Q3 25 | $61.6M | $47.2M | ||
| Q2 25 | $155.9M | $48.1M | ||
| Q1 25 | $63.8M | $42.2M | ||
| Q4 24 | $65.5M | $38.6M | ||
| Q3 24 | $61.0M | $38.2M | ||
| Q2 24 | $112.0M | $39.4M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 34.3% | 34.3% | ||
| Q2 25 | 65.1% | 35.2% | ||
| Q1 25 | 35.0% | 32.4% | ||
| Q4 24 | 35.1% | — | ||
| Q3 24 | 34.9% | 27.4% | ||
| Q2 24 | 53.0% | 30.6% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 25.3% | ||
| Q3 25 | 19.1% | 27.8% | ||
| Q2 25 | 50.0% | 28.5% | ||
| Q1 25 | 20.6% | 26.7% | ||
| Q4 24 | 21.0% | 23.5% | ||
| Q3 24 | 20.1% | 22.4% | ||
| Q2 24 | 37.8% | 25.0% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $2.62 | ||
| Q3 25 | $0.69 | $2.92 | ||
| Q2 25 | $1.78 | $2.97 | ||
| Q1 25 | $0.72 | $2.60 | ||
| Q4 24 | $0.74 | $2.38 | ||
| Q3 24 | $0.70 | $2.35 | ||
| Q2 24 | $1.32 | $2.42 |
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 | $233.5M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $1.4B |
| Total Assets | $9.1B | $9.8B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $233.5M | ||
| Q3 25 | $111.3M | $218.9M | ||
| Q2 25 | $177.0M | $193.1M | ||
| Q1 25 | $109.2M | $237.6M | ||
| Q4 24 | $123.4M | $160.6M | ||
| Q3 24 | $97.0M | $201.7M | ||
| Q2 24 | $103.2M | $261.5M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.2B | $1.3B | ||
| Q2 25 | $3.2B | $1.3B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $3.2B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $9.8B | ||
| Q3 25 | $8.9B | $9.9B | ||
| Q2 25 | $8.6B | $9.9B | ||
| Q1 25 | $8.6B | $9.9B | ||
| Q4 24 | $8.5B | $9.8B | ||
| Q3 24 | $8.5B | $9.9B | ||
| Q2 24 | $8.4B | $9.9B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $198.3M |
| Free Cash FlowOCF − Capex | — | $191.9M |
| FCF MarginFCF / Revenue | — | 114.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $198.3M | ||
| Q3 25 | $147.8M | $52.6M | ||
| Q2 25 | $150.7M | $49.7M | ||
| Q1 25 | $179.0M | $37.9M | ||
| Q4 24 | $574.6M | $178.8M | ||
| Q3 24 | $144.1M | $43.8M | ||
| Q2 24 | $169.7M | $50.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $191.9M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | — | $48.4M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | $169.7M | ||
| Q3 24 | — | $41.7M | ||
| Q2 24 | — | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 114.1% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 23.3% | ||
| Q4 24 | — | 103.0% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 31.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 4.65× | ||
| Q3 25 | 2.40× | 1.11× | ||
| Q2 25 | 0.97× | 1.03× | ||
| Q1 25 | 2.81× | 0.90× | ||
| Q4 24 | 8.77× | 4.63× | ||
| Q3 24 | 2.36× | 1.14× | ||
| Q2 24 | 1.52× | 1.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
