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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Vital Farms, Inc. (VITL). 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 $213.6M, roughly 1.6× Vital Farms, Inc.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 7.6%, a 31.0% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 8.7%). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
FRT vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $213.6M |
| Net Profit | $129.7M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | 53.8% | 10.0% |
| Net Margin | 38.6% | 7.6% |
| Revenue YoY | 8.7% | 28.7% |
| Net Profit YoY | 103.5% | 54.3% |
| EPS (diluted) | $1.49 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $322.3M | $198.9M | ||
| Q2 25 | $311.5M | $184.8M | ||
| Q1 25 | $309.2M | $162.2M | ||
| Q4 24 | $311.4M | $166.0M | ||
| Q3 24 | $303.6M | $145.0M | ||
| Q2 24 | $296.1M | $147.4M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $16.3M | ||
| Q3 25 | $61.6M | $16.4M | ||
| Q2 25 | $155.9M | $16.6M | ||
| Q1 25 | $63.8M | $16.9M | ||
| Q4 24 | $65.5M | $10.6M | ||
| Q3 24 | $61.0M | $7.4M | ||
| Q2 24 | $112.0M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 10.0% | ||
| Q3 25 | 34.3% | 10.8% | ||
| Q2 25 | 65.1% | 12.9% | ||
| Q1 25 | 35.0% | 13.4% | ||
| Q4 24 | 35.1% | 7.8% | ||
| Q3 24 | 34.9% | 6.4% | ||
| Q2 24 | 53.0% | 11.6% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 7.6% | ||
| Q3 25 | 19.1% | 8.3% | ||
| Q2 25 | 50.0% | 9.0% | ||
| Q1 25 | 20.6% | 10.4% | ||
| Q4 24 | 21.0% | 6.4% | ||
| Q3 24 | 20.1% | 5.1% | ||
| Q2 24 | 37.8% | 11.1% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.35 | ||
| Q3 25 | $0.69 | $0.36 | ||
| Q2 25 | $1.78 | $0.36 | ||
| Q1 25 | $0.72 | $0.37 | ||
| Q4 24 | $0.74 | $0.23 | ||
| Q3 24 | $0.70 | $0.16 | ||
| Q2 24 | $1.32 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | $5.0B | — |
| Stockholders' EquityBook value | $3.2B | $351.3M |
| Total Assets | $9.1B | $518.7M |
| Debt / EquityLower = less leverage | 1.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $48.8M | ||
| Q3 25 | $111.3M | $93.8M | ||
| Q2 25 | $177.0M | $108.2M | ||
| Q1 25 | $109.2M | $156.3M | ||
| Q4 24 | $123.4M | $150.6M | ||
| Q3 24 | $97.0M | $149.5M | ||
| Q2 24 | $103.2M | $133.2M |
| 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 | — | ||
| Q4 25 | $3.2B | $351.3M | ||
| Q3 25 | $3.2B | $331.2M | ||
| Q2 25 | $3.2B | $309.8M | ||
| Q1 25 | $3.2B | $288.9M | ||
| Q4 24 | $3.2B | $269.3M | ||
| Q3 24 | $3.1B | $253.4M | ||
| Q2 24 | $3.0B | $238.4M |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $518.7M | ||
| Q3 25 | $8.9B | $481.5M | ||
| Q2 25 | $8.6B | $430.8M | ||
| Q1 25 | $8.6B | $376.9M | ||
| Q4 24 | $8.5B | $359.3M | ||
| Q3 24 | $8.5B | $344.7M | ||
| Q2 24 | $8.4B | $320.5M |
| 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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $5.8M | ||
| Q3 25 | $147.8M | $23.4M | ||
| Q2 25 | $150.7M | $-761.0K | ||
| Q1 25 | $179.0M | $5.3M | ||
| Q4 24 | $574.6M | $14.8M | ||
| Q3 24 | $144.1M | $10.0M | ||
| Q2 24 | $169.7M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 0.35× | ||
| Q3 25 | 2.40× | 1.43× | ||
| Q2 25 | 0.97× | -0.05× | ||
| Q1 25 | 2.81× | 0.31× | ||
| Q4 24 | 8.77× | 1.40× | ||
| Q3 24 | 2.36× | 1.34× | ||
| Q2 24 | 1.52× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRT
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
