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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $336.0M, roughly 1.0× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 17.9%, a 20.7% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 1.0%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
FRT vs TREX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $343.4M |
| Net Profit | $129.7M | $61.4M |
| Gross Margin | — | 40.5% |
| Operating Margin | 53.8% | 24.3% |
| Net Margin | 38.6% | 17.9% |
| Revenue YoY | 8.7% | 1.0% |
| Net Profit YoY | 103.5% | 1.6% |
| EPS (diluted) | $1.49 | $0.58 |
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 | $343.4M | ||
| Q4 25 | $336.0M | $161.1M | ||
| Q3 25 | $322.3M | $285.3M | ||
| Q2 25 | $311.5M | $387.8M | ||
| Q1 25 | $309.2M | $340.0M | ||
| Q4 24 | $311.4M | $167.6M | ||
| Q3 24 | $303.6M | $233.7M | ||
| Q2 24 | $296.1M | $376.5M |
| Q1 26 | $129.7M | $61.4M | ||
| Q4 25 | $129.7M | $2.3M | ||
| Q3 25 | $61.6M | $51.8M | ||
| Q2 25 | $155.9M | $75.9M | ||
| Q1 25 | $63.8M | $60.4M | ||
| Q4 24 | $65.5M | $9.8M | ||
| Q3 24 | $61.0M | $40.6M | ||
| Q2 24 | $112.0M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% |
| Q1 26 | 53.8% | 24.3% | ||
| Q4 25 | 53.8% | 2.2% | ||
| Q3 25 | 34.3% | 24.7% | ||
| Q2 25 | 65.1% | 26.4% | ||
| Q1 25 | 35.0% | 24.0% | ||
| Q4 24 | 35.1% | 9.2% | ||
| Q3 24 | 34.9% | 23.2% | ||
| Q2 24 | 53.0% | 31.1% |
| Q1 26 | 38.6% | 17.9% | ||
| Q4 25 | 38.6% | 1.4% | ||
| Q3 25 | 19.1% | 18.1% | ||
| Q2 25 | 50.0% | 19.6% | ||
| Q1 25 | 20.6% | 17.8% | ||
| Q4 24 | 21.0% | 5.8% | ||
| Q3 24 | 20.1% | 17.4% | ||
| Q2 24 | 37.8% | 23.1% |
| Q1 26 | $1.49 | $0.58 | ||
| Q4 25 | $1.49 | $0.03 | ||
| Q3 25 | $0.69 | $0.48 | ||
| Q2 25 | $1.78 | $0.71 | ||
| Q1 25 | $0.72 | $0.56 | ||
| Q4 24 | $0.74 | $0.10 | ||
| Q3 24 | $0.70 | $0.37 | ||
| Q2 24 | $1.32 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $995.8M |
| Total Assets | $9.1B | $1.7B |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $4.5M | ||
| Q4 25 | $107.4M | $3.8M | ||
| Q3 25 | $111.3M | $11.4M | ||
| Q2 25 | $177.0M | $5.5M | ||
| Q1 25 | $109.2M | $5.0M | ||
| Q4 24 | $123.4M | $1.3M | ||
| Q3 24 | $97.0M | $12.8M | ||
| Q2 24 | $103.2M | $1.2M |
| 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 | $995.8M | ||
| Q4 25 | $3.2B | $1.0B | ||
| Q3 25 | $3.2B | $1.0B | ||
| Q2 25 | $3.2B | $989.3M | ||
| Q1 25 | $3.2B | $910.1M | ||
| Q4 24 | $3.2B | $850.1M | ||
| Q3 24 | $3.1B | $887.9M | ||
| Q2 24 | $3.0B | $894.9M |
| Q1 26 | $9.1B | $1.7B | ||
| Q4 25 | $9.1B | $1.5B | ||
| Q3 25 | $8.9B | $1.5B | ||
| Q2 25 | $8.6B | $1.5B | ||
| Q1 25 | $8.6B | $1.6B | ||
| Q4 24 | $8.5B | $1.3B | ||
| Q3 24 | $8.5B | $1.3B | ||
| Q2 24 | $8.4B | $1.3B |
| 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 | — | $-118.4M |
| Free Cash FlowOCF − Capex | — | $-143.4M |
| FCF MarginFCF / Revenue | — | -41.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $622.4M | $65.5M | ||
| Q3 25 | $147.8M | $196.9M | ||
| Q2 25 | $150.7M | $249.8M | ||
| Q1 25 | $179.0M | $-154.0M | ||
| Q4 24 | $574.6M | $-8.5M | ||
| Q3 24 | $144.1M | $132.8M | ||
| Q2 24 | $169.7M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | — | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 4.80× | 28.45× | ||
| Q3 25 | 2.40× | 3.80× | ||
| Q2 25 | 0.97× | 3.29× | ||
| Q1 25 | 2.81× | -2.55× | ||
| Q4 24 | 8.77× | -0.87× | ||
| Q3 24 | 2.36× | 3.27× | ||
| Q2 24 | 1.52× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
