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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Shutterstock, Inc. (SSTK). 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 $220.2M, roughly 1.5× Shutterstock, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -7.3%, a 45.9% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -12.0%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 1.4%).

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.

Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...

FRT vs SSTK — Head-to-Head

Bigger by revenue
FRT
FRT
1.5× larger
FRT
$336.0M
$220.2M
SSTK
Growing faster (revenue YoY)
FRT
FRT
+20.7% gap
FRT
8.7%
-12.0%
SSTK
Higher net margin
FRT
FRT
45.9% more per $
FRT
38.6%
-7.3%
SSTK
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
1.4%
SSTK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
SSTK
SSTK
Revenue
$336.0M
$220.2M
Net Profit
$129.7M
$-16.0M
Gross Margin
55.8%
Operating Margin
53.8%
-1.1%
Net Margin
38.6%
-7.3%
Revenue YoY
8.7%
-12.0%
Net Profit YoY
103.5%
-1021.0%
EPS (diluted)
$1.49
$-0.47

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
SSTK
SSTK
Q1 26
$336.0M
Q4 25
$336.0M
$220.2M
Q3 25
$322.3M
$260.1M
Q2 25
$311.5M
$267.0M
Q1 25
$309.2M
$242.6M
Q4 24
$311.4M
$250.3M
Q3 24
$303.6M
$250.6M
Q2 24
$296.1M
$220.1M
Net Profit
FRT
FRT
SSTK
SSTK
Q1 26
$129.7M
Q4 25
$129.7M
$-16.0M
Q3 25
$61.6M
$13.4M
Q2 25
$155.9M
$29.4M
Q1 25
$63.8M
$18.7M
Q4 24
$65.5M
$-1.4M
Q3 24
$61.0M
$17.6M
Q2 24
$112.0M
$3.6M
Gross Margin
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
55.8%
Q3 25
60.6%
Q2 25
60.3%
Q1 25
58.4%
Q4 24
55.1%
Q3 24
58.3%
Q2 24
58.5%
Operating Margin
FRT
FRT
SSTK
SSTK
Q1 26
53.8%
Q4 25
53.8%
-1.1%
Q3 25
34.3%
12.5%
Q2 25
65.1%
13.0%
Q1 25
35.0%
4.2%
Q4 24
35.1%
5.3%
Q3 24
34.9%
7.2%
Q2 24
53.0%
9.4%
Net Margin
FRT
FRT
SSTK
SSTK
Q1 26
38.6%
Q4 25
38.6%
-7.3%
Q3 25
19.1%
5.1%
Q2 25
50.0%
11.0%
Q1 25
20.6%
7.7%
Q4 24
21.0%
-0.6%
Q3 24
20.1%
7.0%
Q2 24
37.8%
1.6%
EPS (diluted)
FRT
FRT
SSTK
SSTK
Q1 26
$1.49
Q4 25
$1.49
$-0.47
Q3 25
$0.69
$0.37
Q2 25
$1.78
$0.82
Q1 25
$0.72
$0.53
Q4 24
$0.74
$-0.04
Q3 24
$0.70
$0.50
Q2 24
$1.32
$0.10

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$107.4M
$178.2M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$581.0M
Total Assets
$9.1B
$1.4B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
SSTK
SSTK
Q1 26
$107.4M
Q4 25
$107.4M
$178.2M
Q3 25
$111.3M
$165.5M
Q2 25
$177.0M
$116.4M
Q1 25
$109.2M
$112.2M
Q4 24
$123.4M
$111.3M
Q3 24
$97.0M
$131.4M
Q2 24
$103.2M
$74.9M
Total Debt
FRT
FRT
SSTK
SSTK
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
SSTK
SSTK
Q1 26
$3.2B
Q4 25
$3.2B
$581.0M
Q3 25
$3.2B
$594.4M
Q2 25
$3.2B
$586.2M
Q1 25
$3.2B
$547.2M
Q4 24
$3.2B
$518.4M
Q3 24
$3.1B
$522.9M
Q2 24
$3.0B
$520.4M
Total Assets
FRT
FRT
SSTK
SSTK
Q1 26
$9.1B
Q4 25
$9.1B
$1.4B
Q3 25
$8.9B
$1.4B
Q2 25
$8.6B
$1.4B
Q1 25
$8.6B
$1.3B
Q4 24
$8.5B
$1.3B
Q3 24
$8.5B
$1.3B
Q2 24
$8.4B
$1.0B
Debt / Equity
FRT
FRT
SSTK
SSTK
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
SSTK
SSTK
Operating Cash FlowLast quarter
$36.2M
Free Cash FlowOCF − Capex
$25.9M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
$622.4M
$36.2M
Q3 25
$147.8M
$78.4M
Q2 25
$150.7M
$26.8M
Q1 25
$179.0M
$25.2M
Q4 24
$574.6M
$8.0M
Q3 24
$144.1M
$-11.6M
Q2 24
$169.7M
$28.0M
Free Cash Flow
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
$25.9M
Q3 25
$68.0M
Q2 25
$15.5M
Q1 25
$14.4M
Q4 24
$-952.0K
Q3 24
$-26.3M
Q2 24
$18.9M
FCF Margin
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
11.8%
Q3 25
26.1%
Q2 25
5.8%
Q1 25
6.0%
Q4 24
-0.4%
Q3 24
-10.5%
Q2 24
8.6%
Capex Intensity
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
4.7%
Q3 25
4.0%
Q2 25
4.2%
Q1 25
4.5%
Q4 24
3.6%
Q3 24
5.9%
Q2 24
4.1%
Cash Conversion
FRT
FRT
SSTK
SSTK
Q1 26
Q4 25
4.80×
Q3 25
2.40×
5.86×
Q2 25
0.97×
0.91×
Q1 25
2.81×
1.35×
Q4 24
8.77×
Q3 24
2.36×
-0.66×
Q2 24
1.52×
7.71×

Financial Flow Comparison

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

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