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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Rapid7, Inc. (RPD). 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 $217.4M, roughly 1.5× Rapid7, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 1.4%, a 37.2% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 0.5%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 3.0%).

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.

Rapid7, Inc. is a leading global cybersecurity company that offers a full portfolio of solutions including vulnerability management, threat detection and response, cloud security, and security analytics. It serves enterprises, SMBs, and public sector entities across industries like tech, healthcare, finance, and manufacturing worldwide, helping clients address and mitigate cyber risks efficiently.

FRT vs RPD — Head-to-Head

Bigger by revenue
FRT
FRT
1.5× larger
FRT
$336.0M
$217.4M
RPD
Growing faster (revenue YoY)
FRT
FRT
+8.2% gap
FRT
8.7%
0.5%
RPD
Higher net margin
FRT
FRT
37.2% more per $
FRT
38.6%
1.4%
RPD
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
3.0%
RPD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
RPD
RPD
Revenue
$336.0M
$217.4M
Net Profit
$129.7M
$3.1M
Gross Margin
68.9%
Operating Margin
53.8%
1.0%
Net Margin
38.6%
1.4%
Revenue YoY
8.7%
0.5%
Net Profit YoY
103.5%
44.1%
EPS (diluted)
$1.49
$0.05

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
RPD
RPD
Q1 26
$336.0M
Q4 25
$336.0M
$217.4M
Q3 25
$322.3M
$218.0M
Q2 25
$311.5M
$214.2M
Q1 25
$309.2M
$210.3M
Q4 24
$311.4M
$216.3M
Q3 24
$303.6M
$214.7M
Q2 24
$296.1M
$208.0M
Net Profit
FRT
FRT
RPD
RPD
Q1 26
$129.7M
Q4 25
$129.7M
$3.1M
Q3 25
$61.6M
$9.8M
Q2 25
$155.9M
$8.3M
Q1 25
$63.8M
$2.1M
Q4 24
$65.5M
$2.2M
Q3 24
$61.0M
$15.4M
Q2 24
$112.0M
$6.5M
Gross Margin
FRT
FRT
RPD
RPD
Q1 26
Q4 25
68.9%
Q3 25
70.2%
Q2 25
70.6%
Q1 25
71.7%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
70.7%
Operating Margin
FRT
FRT
RPD
RPD
Q1 26
53.8%
Q4 25
53.8%
1.0%
Q3 25
34.3%
2.7%
Q2 25
65.1%
1.6%
Q1 25
35.0%
-0.0%
Q4 24
35.1%
3.4%
Q3 24
34.9%
6.0%
Q2 24
53.0%
2.5%
Net Margin
FRT
FRT
RPD
RPD
Q1 26
38.6%
Q4 25
38.6%
1.4%
Q3 25
19.1%
4.5%
Q2 25
50.0%
3.9%
Q1 25
20.6%
1.0%
Q4 24
21.0%
1.0%
Q3 24
20.1%
7.2%
Q2 24
37.8%
3.1%
EPS (diluted)
FRT
FRT
RPD
RPD
Q1 26
$1.49
Q4 25
$1.49
$0.05
Q3 25
$0.69
$0.15
Q2 25
$1.78
$0.13
Q1 25
$0.72
$0.03
Q4 24
$0.74
$0.08
Q3 24
$0.70
$0.21
Q2 24
$1.32
$0.09

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
RPD
RPD
Cash + ST InvestmentsLiquidity on hand
$107.4M
$474.7M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$154.7M
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
RPD
RPD
Q1 26
$107.4M
Q4 25
$107.4M
$474.7M
Q3 25
$111.3M
$407.1M
Q2 25
$177.0M
$511.7M
Q1 25
$109.2M
$493.5M
Q4 24
$123.4M
$521.7M
Q3 24
$97.0M
$443.7M
Q2 24
$103.2M
$442.6M
Total Debt
FRT
FRT
RPD
RPD
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
FRT
FRT
RPD
RPD
Q1 26
$3.2B
Q4 25
$3.2B
$154.7M
Q3 25
$3.2B
$127.2M
Q2 25
$3.2B
$90.4M
Q1 25
$3.2B
$52.7M
Q4 24
$3.2B
$17.7M
Q3 24
$3.1B
$-5.1M
Q2 24
$3.0B
$-52.6M
Total Assets
FRT
FRT
RPD
RPD
Q1 26
$9.1B
Q4 25
$9.1B
$1.7B
Q3 25
$8.9B
$1.7B
Q2 25
$8.6B
$1.6B
Q1 25
$8.6B
$1.6B
Q4 24
$8.5B
$1.7B
Q3 24
$8.5B
$1.6B
Q2 24
$8.4B
$1.5B
Debt / Equity
FRT
FRT
RPD
RPD
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
RPD
RPD
Operating Cash FlowLast quarter
$37.6M
Free Cash FlowOCF − Capex
$36.4M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
12.01×
TTM Free Cash FlowTrailing 4 quarters
$146.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
RPD
RPD
Q1 26
Q4 25
$622.4M
$37.6M
Q3 25
$147.8M
$39.0M
Q2 25
$150.7M
$47.5M
Q1 25
$179.0M
$29.8M
Q4 24
$574.6M
$63.8M
Q3 24
$144.1M
$44.0M
Q2 24
$169.7M
$32.9M
Free Cash Flow
FRT
FRT
RPD
RPD
Q1 26
Q4 25
$36.4M
Q3 25
$34.8M
Q2 25
$46.6M
Q1 25
$28.4M
Q4 24
$62.6M
Q3 24
$42.6M
Q2 24
$32.6M
FCF Margin
FRT
FRT
RPD
RPD
Q1 26
Q4 25
16.8%
Q3 25
16.0%
Q2 25
21.8%
Q1 25
13.5%
Q4 24
28.9%
Q3 24
19.9%
Q2 24
15.7%
Capex Intensity
FRT
FRT
RPD
RPD
Q1 26
Q4 25
0.5%
Q3 25
1.9%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.5%
Q3 24
0.6%
Q2 24
0.1%
Cash Conversion
FRT
FRT
RPD
RPD
Q1 26
Q4 25
4.80×
12.01×
Q3 25
2.40×
3.97×
Q2 25
0.97×
5.70×
Q1 25
2.81×
14.14×
Q4 24
8.77×
29.36×
Q3 24
2.36×
2.85×
Q2 24
1.52×
5.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

RPD
RPD

Products$209.1M96%
Services$8.2M4%

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