vs
Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Strategic Education, Inc. (STRA). 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 $305.9M, roughly 1.1× Strategic Education, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 10.7%, a 27.9% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 0.8%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -1.0%).
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.
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
FRT vs STRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $305.9M |
| Net Profit | $129.7M | $32.8M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 13.4% |
| Net Margin | 38.6% | 10.7% |
| Revenue YoY | 8.7% | 0.8% |
| Net Profit YoY | 103.5% | 10.3% |
| EPS (diluted) | $1.49 | $1.48 |
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 | $305.9M | ||
| Q4 25 | $336.0M | $323.2M | ||
| Q3 25 | $322.3M | $319.9M | ||
| Q2 25 | $311.5M | $321.5M | ||
| Q1 25 | $309.2M | $303.6M | ||
| Q4 24 | $311.4M | $311.5M | ||
| Q3 24 | $303.6M | $306.0M | ||
| Q2 24 | $296.1M | $312.3M |
| Q1 26 | $129.7M | $32.8M | ||
| Q4 25 | $129.7M | $37.9M | ||
| Q3 25 | $61.6M | $26.6M | ||
| Q2 25 | $155.9M | $32.3M | ||
| Q1 25 | $63.8M | $29.7M | ||
| Q4 24 | $65.5M | $25.3M | ||
| Q3 24 | $61.0M | $27.7M | ||
| Q2 24 | $112.0M | $29.9M |
| Q1 26 | 53.8% | 13.4% | ||
| Q4 25 | 53.8% | 16.0% | ||
| Q3 25 | 34.3% | 11.6% | ||
| Q2 25 | 65.1% | 14.2% | ||
| Q1 25 | 35.0% | 13.1% | ||
| Q4 24 | 35.1% | 11.6% | ||
| Q3 24 | 34.9% | 11.9% | ||
| Q2 24 | 53.0% | 13.4% |
| Q1 26 | 38.6% | 10.7% | ||
| Q4 25 | 38.6% | 11.7% | ||
| Q3 25 | 19.1% | 8.3% | ||
| Q2 25 | 50.0% | 10.1% | ||
| Q1 25 | 20.6% | 9.8% | ||
| Q4 24 | 21.0% | 8.1% | ||
| Q3 24 | 20.1% | 9.1% | ||
| Q2 24 | 37.8% | 9.6% |
| Q1 26 | $1.49 | $1.48 | ||
| Q4 25 | $1.49 | $1.65 | ||
| Q3 25 | $0.69 | $1.15 | ||
| Q2 25 | $1.78 | $1.37 | ||
| Q1 25 | $0.72 | $1.24 | ||
| Q4 24 | $0.74 | $1.05 | ||
| Q3 24 | $0.70 | $1.15 | ||
| Q2 24 | $1.32 | $1.24 |
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 | $150.3M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $1.6B |
| Total Assets | $9.1B | $2.1B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $150.3M | ||
| Q4 25 | $107.4M | $148.1M | ||
| Q3 25 | $111.3M | $172.6M | ||
| Q2 25 | $177.0M | $164.9M | ||
| Q1 25 | $109.2M | $182.6M | ||
| Q4 24 | $123.4M | $184.0M | ||
| Q3 24 | $97.0M | $222.1M | ||
| Q2 24 | $103.2M | $256.2M |
| 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 | $1.6B | ||
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.2B | $1.7B | ||
| Q2 25 | $3.2B | $1.7B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.2B | $1.7B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $9.1B | $2.1B | ||
| Q4 25 | $9.1B | $2.0B | ||
| Q3 25 | $8.9B | $2.1B | ||
| Q2 25 | $8.6B | $2.1B | ||
| Q1 25 | $8.6B | $2.1B | ||
| Q4 24 | $8.5B | $2.0B | ||
| Q3 24 | $8.5B | $2.2B | ||
| Q2 24 | $8.4B | $2.2B |
| 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 | — | $87.4M |
| Free Cash FlowOCF − Capex | — | $77.3M |
| FCF MarginFCF / Revenue | — | 25.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $173.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $87.4M | ||
| Q4 25 | $622.4M | $39.2M | ||
| Q3 25 | $147.8M | $60.1M | ||
| Q2 25 | $150.7M | $31.2M | ||
| Q1 25 | $179.0M | $67.7M | ||
| Q4 24 | $574.6M | $15.9M | ||
| Q3 24 | $144.1M | $51.5M | ||
| Q2 24 | $169.7M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | — | $27.0M | ||
| Q3 25 | — | $49.3M | ||
| Q2 25 | — | $20.4M | ||
| Q1 25 | — | $57.3M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $42.1M | ||
| Q2 24 | — | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | 4.80× | 1.03× | ||
| Q3 25 | 2.40× | 2.26× | ||
| Q2 25 | 0.97× | 0.97× | ||
| Q1 25 | 2.81× | 2.27× | ||
| Q4 24 | 8.77× | 0.63× | ||
| Q3 24 | 2.36× | 1.86× | ||
| Q2 24 | 1.52× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
