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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.

TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $336.0M, roughly 1.2× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -9.2%, a 47.9% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 0.0%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 2.0%).

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.

Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.

FRT vs TRIP — Head-to-Head

Bigger by revenue
TRIP
TRIP
1.2× larger
TRIP
$411.0M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+8.7% gap
FRT
8.7%
0.0%
TRIP
Higher net margin
FRT
FRT
47.9% more per $
FRT
38.6%
-9.2%
TRIP
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
2.0%
TRIP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
TRIP
TRIP
Revenue
$336.0M
$411.0M
Net Profit
$129.7M
$-38.0M
Gross Margin
91.5%
Operating Margin
53.8%
-8.3%
Net Margin
38.6%
-9.2%
Revenue YoY
8.7%
0.0%
Net Profit YoY
103.5%
-3900.0%
EPS (diluted)
$1.49
$-0.32

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
TRIP
TRIP
Q1 26
$336.0M
Q4 25
$336.0M
$411.0M
Q3 25
$322.3M
$553.0M
Q2 25
$311.5M
$529.0M
Q1 25
$309.2M
$398.0M
Q4 24
$311.4M
$411.0M
Q3 24
$303.6M
$532.0M
Q2 24
$296.1M
$497.0M
Net Profit
FRT
FRT
TRIP
TRIP
Q1 26
$129.7M
Q4 25
$129.7M
$-38.0M
Q3 25
$61.6M
$53.0M
Q2 25
$155.9M
$36.0M
Q1 25
$63.8M
$-11.0M
Q4 24
$65.5M
$1.0M
Q3 24
$61.0M
$39.0M
Q2 24
$112.0M
$24.0M
Gross Margin
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
91.5%
Q3 25
92.6%
Q2 25
92.1%
Q1 25
93.2%
Q4 24
93.4%
Q3 24
92.5%
Q2 24
92.8%
Operating Margin
FRT
FRT
TRIP
TRIP
Q1 26
53.8%
Q4 25
53.8%
-8.3%
Q3 25
34.3%
12.7%
Q2 25
65.1%
11.2%
Q1 25
35.0%
-3.8%
Q4 24
35.1%
0.2%
Q3 24
34.9%
13.2%
Q2 24
53.0%
7.2%
Net Margin
FRT
FRT
TRIP
TRIP
Q1 26
38.6%
Q4 25
38.6%
-9.2%
Q3 25
19.1%
9.6%
Q2 25
50.0%
6.8%
Q1 25
20.6%
-2.8%
Q4 24
21.0%
0.2%
Q3 24
20.1%
7.3%
Q2 24
37.8%
4.8%
EPS (diluted)
FRT
FRT
TRIP
TRIP
Q1 26
$1.49
Q4 25
$1.49
$-0.32
Q3 25
$0.69
$0.43
Q2 25
$1.78
$0.28
Q1 25
$0.72
$-0.08
Q4 24
$0.74
$0.03
Q3 24
$0.70
$0.27
Q2 24
$1.32
$0.17

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
TRIP
TRIP
Cash + ST InvestmentsLiquidity on hand
$107.4M
$1.0B
Total DebtLower is stronger
$5.0B
$819.0M
Stockholders' EquityBook value
$3.2B
$645.0M
Total Assets
$9.1B
$2.6B
Debt / EquityLower = less leverage
1.53×
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
TRIP
TRIP
Q1 26
$107.4M
Q4 25
$107.4M
$1.0B
Q3 25
$111.3M
$1.2B
Q2 25
$177.0M
$1.2B
Q1 25
$109.2M
$1.2B
Q4 24
$123.4M
$1.1B
Q3 24
$97.0M
$1.1B
Q2 24
$103.2M
$1.2B
Total Debt
FRT
FRT
TRIP
TRIP
Q1 26
$5.0B
Q4 25
$5.0B
$819.0M
Q3 25
$821.0M
Q2 25
$822.0M
Q1 25
$1.2B
Q4 24
$4.5B
$831.0M
Q3 24
$832.0M
Q2 24
Stockholders' Equity
FRT
FRT
TRIP
TRIP
Q1 26
$3.2B
Q4 25
$3.2B
$645.0M
Q3 25
$3.2B
$707.0M
Q2 25
$3.2B
$627.0M
Q1 25
$3.2B
$643.0M
Q4 24
$3.2B
$943.0M
Q3 24
$3.1B
$944.0M
Q2 24
$3.0B
$857.0M
Total Assets
FRT
FRT
TRIP
TRIP
Q1 26
$9.1B
Q4 25
$9.1B
$2.6B
Q3 25
$8.9B
$2.8B
Q2 25
$8.6B
$2.9B
Q1 25
$8.6B
$2.8B
Q4 24
$8.5B
$2.6B
Q3 24
$8.5B
$2.7B
Q2 24
$8.4B
$2.8B
Debt / Equity
FRT
FRT
TRIP
TRIP
Q1 26
1.53×
Q4 25
1.53×
1.27×
Q3 25
1.16×
Q2 25
1.31×
Q1 25
1.81×
Q4 24
1.42×
0.88×
Q3 24
0.88×
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
TRIP
TRIP
Operating Cash FlowLast quarter
$-103.0M
Free Cash FlowOCF − Capex
$-122.0M
FCF MarginFCF / Revenue
-29.7%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$163.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
$622.4M
$-103.0M
Q3 25
$147.8M
$44.0M
Q2 25
$150.7M
$202.0M
Q1 25
$179.0M
$102.0M
Q4 24
$574.6M
$-3.0M
Q3 24
$144.1M
$-43.0M
Q2 24
$169.7M
$51.0M
Free Cash Flow
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
$-122.0M
Q3 25
$25.0M
Q2 25
$177.0M
Q1 25
$83.0M
Q4 24
$-26.0M
Q3 24
$-63.0M
Q2 24
$36.0M
FCF Margin
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
-29.7%
Q3 25
4.5%
Q2 25
33.5%
Q1 25
20.9%
Q4 24
-6.3%
Q3 24
-11.8%
Q2 24
7.2%
Capex Intensity
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
4.6%
Q3 25
3.4%
Q2 25
4.7%
Q1 25
4.8%
Q4 24
5.6%
Q3 24
3.8%
Q2 24
3.0%
Cash Conversion
FRT
FRT
TRIP
TRIP
Q1 26
Q4 25
4.80×
Q3 25
2.40×
0.83×
Q2 25
0.97×
5.61×
Q1 25
2.81×
Q4 24
8.77×
-3.00×
Q3 24
2.36×
-1.10×
Q2 24
1.52×
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

TRIP
TRIP

Third Party$327.0M80%
The Fork$58.0M14%
Other$26.0M6%

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