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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and BRC Group Holdings, Inc. (RILY). 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 $188.3M, roughly 1.8× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 38.6%, a 9.3% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -21.9%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -15.4%).

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 RILY — Head-to-Head

Bigger by revenue
FRT
FRT
1.8× larger
FRT
$336.0M
$188.3M
RILY
Growing faster (revenue YoY)
FRT
FRT
+30.6% gap
FRT
8.7%
-21.9%
RILY
Higher net margin
RILY
RILY
9.3% more per $
RILY
47.9%
38.6%
FRT
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-15.4%
RILY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
RILY
RILY
Revenue
$336.0M
$188.3M
Net Profit
$129.7M
$90.3M
Gross Margin
79.5%
Operating Margin
53.8%
32.3%
Net Margin
38.6%
47.9%
Revenue YoY
8.7%
-21.9%
Net Profit YoY
103.5%
1710.8%
EPS (diluted)
$1.49
$2.78

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
RILY
RILY
Q1 26
$336.0M
Q4 25
$336.0M
$188.3M
Q3 25
$322.3M
$215.3M
Q2 25
$311.5M
$188.2M
Q1 25
$309.2M
$197.2M
Q4 24
$311.4M
$241.0M
Q3 24
$303.6M
$225.5M
Q2 24
$296.1M
$256.0M
Net Profit
FRT
FRT
RILY
RILY
Q1 26
$129.7M
Q4 25
$129.7M
$90.3M
Q3 25
$61.6M
$91.1M
Q2 25
$155.9M
$139.5M
Q1 25
$63.8M
$-10.0M
Q4 24
$65.5M
$-5.6M
Q3 24
$61.0M
$-284.4M
Q2 24
$112.0M
$-433.6M
Gross Margin
FRT
FRT
RILY
RILY
Q1 26
Q4 25
79.5%
Q3 25
83.7%
Q2 25
81.3%
Q1 25
81.4%
Q4 24
79.8%
Q3 24
82.1%
Q2 24
84.5%
Operating Margin
FRT
FRT
RILY
RILY
Q1 26
53.8%
Q4 25
53.8%
32.3%
Q3 25
34.3%
30.4%
Q2 25
65.1%
5.7%
Q1 25
35.0%
-31.2%
Q4 24
35.1%
-69.2%
Q3 24
34.9%
-36.4%
Q2 24
53.0%
-90.8%
Net Margin
FRT
FRT
RILY
RILY
Q1 26
38.6%
Q4 25
38.6%
47.9%
Q3 25
19.1%
42.3%
Q2 25
50.0%
74.1%
Q1 25
20.6%
-5.1%
Q4 24
21.0%
-2.3%
Q3 24
20.1%
-126.1%
Q2 24
37.8%
-169.4%
EPS (diluted)
FRT
FRT
RILY
RILY
Q1 26
$1.49
Q4 25
$1.49
$2.78
Q3 25
$0.69
$2.91
Q2 25
$1.78
$4.50
Q1 25
$0.72
$-0.39
Q4 24
$0.74
$-0.01
Q3 24
$0.70
$-9.39
Q2 24
$1.32
$-14.35

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$107.4M
$226.6M
Total DebtLower is stronger
$5.0B
$1.4B
Stockholders' EquityBook value
$3.2B
$-171.5M
Total Assets
$9.1B
$1.7B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
RILY
RILY
Q1 26
$107.4M
Q4 25
$107.4M
$226.6M
Q3 25
$111.3M
$184.2M
Q2 25
$177.0M
$267.4M
Q1 25
$109.2M
$138.3M
Q4 24
$123.4M
$146.9M
Q3 24
$97.0M
$159.2M
Q2 24
$103.2M
$236.9M
Total Debt
FRT
FRT
RILY
RILY
Q1 26
$5.0B
Q4 25
$5.0B
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$4.5B
$1.5B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
RILY
RILY
Q1 26
$3.2B
Q4 25
$3.2B
$-171.5M
Q3 25
$3.2B
$-260.5M
Q2 25
$3.2B
$-351.7M
Q1 25
$3.2B
$-496.8M
Q4 24
$3.2B
$-488.2M
Q3 24
$3.1B
$-497.6M
Q2 24
$3.0B
$-218.3M
Total Assets
FRT
FRT
RILY
RILY
Q1 26
$9.1B
Q4 25
$9.1B
$1.7B
Q3 25
$8.9B
$1.7B
Q2 25
$8.6B
$1.5B
Q1 25
$8.6B
$1.5B
Q4 24
$8.5B
$1.8B
Q3 24
$8.5B
$2.2B
Q2 24
$8.4B
$3.2B
Debt / Equity
FRT
FRT
RILY
RILY
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
FRT
FRT
RILY
RILY
Operating Cash FlowLast quarter
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
RILY
RILY
Q1 26
Q4 25
$622.4M
$26.2M
Q3 25
$147.8M
$-60.6M
Q2 25
$150.7M
$-25.6M
Q1 25
$179.0M
$184.0K
Q4 24
$574.6M
$-2.7M
Q3 24
$144.1M
$19.5M
Q2 24
$169.7M
$111.5M
Cash Conversion
FRT
FRT
RILY
RILY
Q1 26
Q4 25
4.80×
0.29×
Q3 25
2.40×
-0.66×
Q2 25
0.97×
-0.18×
Q1 25
2.81×
Q4 24
8.77×
Q3 24
2.36×
Q2 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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