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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and ONE Group Hospitality, Inc. (STKS). 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 $207.0M, roughly 1.6× ONE Group Hospitality, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -3.1%, a 41.7% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
FRT vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $207.0M |
| Net Profit | $129.7M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 2.2% |
| Net Margin | 38.6% | -3.1% |
| Revenue YoY | 8.7% | -6.7% |
| Net Profit YoY | 103.5% | -531.8% |
| EPS (diluted) | $1.49 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $322.3M | $180.2M | ||
| Q2 25 | $311.5M | $207.4M | ||
| Q1 25 | $309.2M | $211.1M | ||
| Q4 24 | $311.4M | $221.9M | ||
| Q3 24 | $303.6M | $194.0M | ||
| Q2 24 | $296.1M | $172.5M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $-6.4M | ||
| Q3 25 | $61.6M | $-76.7M | ||
| Q2 25 | $155.9M | $-10.1M | ||
| Q1 25 | $63.8M | $975.0K | ||
| Q4 24 | $65.5M | $1.5M | ||
| Q3 24 | $61.0M | $-9.3M | ||
| Q2 24 | $112.0M | $-7.3M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 2.2% | ||
| Q3 25 | 34.3% | -4.4% | ||
| Q2 25 | 65.1% | 0.3% | ||
| Q1 25 | 35.0% | 5.1% | ||
| Q4 24 | 35.1% | 5.5% | ||
| Q3 24 | 34.9% | -1.9% | ||
| Q2 24 | 53.0% | 0.6% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | -3.1% | ||
| Q3 25 | 19.1% | -42.6% | ||
| Q2 25 | 50.0% | -4.9% | ||
| Q1 25 | 20.6% | 0.5% | ||
| Q4 24 | 21.0% | 0.7% | ||
| Q3 24 | 20.1% | -4.8% | ||
| Q2 24 | 37.8% | -4.3% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $-0.50 | ||
| Q3 25 | $0.69 | $-2.75 | ||
| Q2 25 | $1.78 | $-0.59 | ||
| Q1 25 | $0.72 | $-0.21 | ||
| Q4 24 | $0.74 | $-0.18 | ||
| Q3 24 | $0.70 | $-0.53 | ||
| Q2 24 | $1.32 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | $5.0B | $354.2M |
| Stockholders' EquityBook value | $3.2B | $-75.8M |
| Total Assets | $9.1B | $884.2M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $4.2M | ||
| Q3 25 | $111.3M | $5.5M | ||
| Q2 25 | $177.0M | $4.7M | ||
| Q1 25 | $109.2M | $21.4M | ||
| Q4 24 | $123.4M | $27.6M | ||
| Q3 24 | $97.0M | $28.2M | ||
| Q2 24 | $103.2M | $32.2M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $4.5B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $-75.8M | ||
| Q3 25 | $3.2B | $-61.5M | ||
| Q2 25 | $3.2B | $23.0M | ||
| Q1 25 | $3.2B | $40.5M | ||
| Q4 24 | $3.2B | $45.9M | ||
| Q3 24 | $3.1B | $51.4M | ||
| Q2 24 | $3.0B | $68.1M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $884.2M | ||
| Q3 25 | $8.9B | $879.5M | ||
| Q2 25 | $8.6B | $935.7M | ||
| Q1 25 | $8.6B | $956.0M | ||
| Q4 24 | $8.5B | $960.1M | ||
| Q3 24 | $8.5B | $953.5M | ||
| Q2 24 | $8.4B | $945.9M |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 1.42× | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $13.1M | ||
| Q3 25 | $147.8M | $5.9M | ||
| Q2 25 | $150.7M | $2.8M | ||
| Q1 25 | $179.0M | $8.5M | ||
| Q4 24 | $574.6M | $18.5M | ||
| Q3 24 | $144.1M | $19.1M | ||
| Q2 24 | $169.7M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | — | ||
| Q3 25 | 2.40× | — | ||
| Q2 25 | 0.97× | — | ||
| Q1 25 | 2.81× | 8.76× | ||
| Q4 24 | 8.77× | 12.54× | ||
| 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
Segment breakdown not available.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
