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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.3× Smith Douglas Homes Corp.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 1.4%, a 37.3% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
FRT vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $260.4M |
| Net Profit | $129.7M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 53.8% | 6.5% |
| Net Margin | 38.6% | 1.4% |
| Revenue YoY | 8.7% | -9.4% |
| Net Profit YoY | 103.5% | -14.3% |
| EPS (diluted) | $1.49 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $322.3M | $262.0M | ||
| Q2 25 | $311.5M | $223.9M | ||
| Q1 25 | $309.2M | $224.7M | ||
| Q4 24 | $311.4M | $287.5M | ||
| Q3 24 | $303.6M | $277.8M | ||
| Q2 24 | $296.1M | $220.9M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $3.5M | ||
| Q3 25 | $61.6M | $2.1M | ||
| Q2 25 | $155.9M | $2.4M | ||
| Q1 25 | $63.8M | $2.7M | ||
| Q4 24 | $65.5M | $4.1M | ||
| Q3 24 | $61.0M | $5.3M | ||
| Q2 24 | $112.0M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 6.5% | ||
| Q3 25 | 34.3% | 6.6% | ||
| Q2 25 | 65.1% | 7.7% | ||
| Q1 25 | 35.0% | 8.7% | ||
| Q4 24 | 35.1% | 10.4% | ||
| Q3 24 | 34.9% | 14.2% | ||
| Q2 24 | 53.0% | 11.7% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 1.4% | ||
| Q3 25 | 19.1% | 0.8% | ||
| Q2 25 | 50.0% | 1.1% | ||
| Q1 25 | 20.6% | 1.2% | ||
| Q4 24 | 21.0% | 1.4% | ||
| Q3 24 | 20.1% | 1.9% | ||
| Q2 24 | 37.8% | 1.7% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.39 | ||
| Q3 25 | $0.69 | $0.24 | ||
| Q2 25 | $1.78 | $0.26 | ||
| Q1 25 | $0.72 | $0.30 | ||
| Q4 24 | $0.74 | $0.50 | ||
| Q3 24 | $0.70 | $0.58 | ||
| Q2 24 | $1.32 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $86.7M |
| Total Assets | $9.1B | $557.6M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $12.7M | ||
| Q3 25 | $111.3M | $14.8M | ||
| Q2 25 | $177.0M | $16.8M | ||
| Q1 25 | $109.2M | $12.7M | ||
| Q4 24 | $123.4M | $22.4M | ||
| Q3 24 | $97.0M | $23.7M | ||
| Q2 24 | $103.2M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $3.2B | $82.2M | ||
| Q2 25 | $3.2B | $80.0M | ||
| Q1 25 | $3.2B | $76.9M | ||
| Q4 24 | $3.2B | $73.6M | ||
| Q3 24 | $3.1B | $68.4M | ||
| Q2 24 | $3.0B | $62.1M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $557.6M | ||
| Q3 25 | $8.9B | $571.6M | ||
| Q2 25 | $8.6B | $570.2M | ||
| Q1 25 | $8.6B | $513.9M | ||
| Q4 24 | $8.5B | $475.9M | ||
| Q3 24 | $8.5B | $460.1M | ||
| Q2 24 | $8.4B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $9.8M | ||
| Q3 25 | $147.8M | $22.8M | ||
| Q2 25 | $150.7M | $-28.9M | ||
| Q1 25 | $179.0M | $-34.9M | ||
| Q4 24 | $574.6M | $5.5M | ||
| Q3 24 | $144.1M | $22.9M | ||
| Q2 24 | $169.7M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 2.77× | ||
| Q3 25 | 2.40× | 10.70× | ||
| Q2 25 | 0.97× | -12.24× | ||
| Q1 25 | 2.81× | -13.01× | ||
| Q4 24 | 8.77× | 1.33× | ||
| Q3 24 | 2.36× | 4.28× | ||
| Q2 24 | 1.52× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
