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

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $336.0M, roughly 1.1× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 4.9%, a 33.7% 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, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 5.8%).

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.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

FRT vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.1× larger
VTOL
$377.3M
$336.0M
FRT
Growing faster (revenue YoY)
FRT
FRT
+2.0% gap
FRT
8.7%
6.7%
VTOL
Higher net margin
FRT
FRT
33.7% more per $
FRT
38.6%
4.9%
VTOL
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
5.8%
VTOL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
VTOL
VTOL
Revenue
$336.0M
$377.3M
Net Profit
$129.7M
$18.4M
Gross Margin
Operating Margin
53.8%
8.5%
Net Margin
38.6%
4.9%
Revenue YoY
8.7%
6.7%
Net Profit YoY
103.5%
-42.1%
EPS (diluted)
$1.49
$0.61

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
VTOL
VTOL
Q1 26
$336.0M
Q4 25
$336.0M
$377.3M
Q3 25
$322.3M
$386.3M
Q2 25
$311.5M
$376.4M
Q1 25
$309.2M
$350.5M
Q4 24
$311.4M
$353.5M
Q3 24
$303.6M
$365.1M
Q2 24
$296.1M
$359.7M
Net Profit
FRT
FRT
VTOL
VTOL
Q1 26
$129.7M
Q4 25
$129.7M
$18.4M
Q3 25
$61.6M
$51.5M
Q2 25
$155.9M
$31.7M
Q1 25
$63.8M
$27.4M
Q4 24
$65.5M
$31.8M
Q3 24
$61.0M
$28.2M
Q2 24
$112.0M
$28.2M
Operating Margin
FRT
FRT
VTOL
VTOL
Q1 26
53.8%
Q4 25
53.8%
8.5%
Q3 25
34.3%
13.1%
Q2 25
65.1%
11.3%
Q1 25
35.0%
9.6%
Q4 24
35.1%
9.0%
Q3 24
34.9%
9.1%
Q2 24
53.0%
12.4%
Net Margin
FRT
FRT
VTOL
VTOL
Q1 26
38.6%
Q4 25
38.6%
4.9%
Q3 25
19.1%
13.3%
Q2 25
50.0%
8.4%
Q1 25
20.6%
7.8%
Q4 24
21.0%
9.0%
Q3 24
20.1%
7.7%
Q2 24
37.8%
7.8%
EPS (diluted)
FRT
FRT
VTOL
VTOL
Q1 26
$1.49
Q4 25
$1.49
$0.61
Q3 25
$0.69
$1.72
Q2 25
$1.78
$1.07
Q1 25
$0.72
$0.92
Q4 24
$0.74
$1.07
Q3 24
$0.70
$0.95
Q2 24
$1.32
$0.96

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$107.4M
$286.2M
Total DebtLower is stronger
$5.0B
$671.5M
Stockholders' EquityBook value
$3.2B
$1.1B
Total Assets
$9.1B
$2.3B
Debt / EquityLower = less leverage
1.53×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
VTOL
VTOL
Q1 26
$107.4M
Q4 25
$107.4M
$286.2M
Q3 25
$111.3M
$245.5M
Q2 25
$177.0M
$251.8M
Q1 25
$109.2M
$191.1M
Q4 24
$123.4M
$247.5M
Q3 24
$97.0M
$200.3M
Q2 24
$103.2M
$178.6M
Total Debt
FRT
FRT
VTOL
VTOL
Q1 26
$5.0B
Q4 25
$5.0B
$671.5M
Q3 25
$675.0M
Q2 25
$705.2M
Q1 25
$701.9M
Q4 24
$4.5B
$689.8M
Q3 24
$629.1M
Q2 24
$594.2M
Stockholders' Equity
FRT
FRT
VTOL
VTOL
Q1 26
$3.2B
Q4 25
$3.2B
$1.1B
Q3 25
$3.2B
$1.0B
Q2 25
$3.2B
$984.4M
Q1 25
$3.2B
$931.7M
Q4 24
$3.2B
$891.7M
Q3 24
$3.1B
$899.2M
Q2 24
$3.0B
$849.1M
Total Assets
FRT
FRT
VTOL
VTOL
Q1 26
$9.1B
Q4 25
$9.1B
$2.3B
Q3 25
$8.9B
$2.3B
Q2 25
$8.6B
$2.3B
Q1 25
$8.6B
$2.2B
Q4 24
$8.5B
$2.1B
Q3 24
$8.5B
$2.1B
Q2 24
$8.4B
$2.0B
Debt / Equity
FRT
FRT
VTOL
VTOL
Q1 26
1.53×
Q4 25
1.53×
0.63×
Q3 25
0.65×
Q2 25
0.72×
Q1 25
0.75×
Q4 24
1.42×
0.77×
Q3 24
0.70×
Q2 24
0.70×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
VTOL
VTOL
Q1 26
Q4 25
$622.4M
$76.9M
Q3 25
$147.8M
$23.1M
Q2 25
$150.7M
$99.0M
Q1 25
$179.0M
$-603.0K
Q4 24
$574.6M
$51.1M
Q3 24
$144.1M
$66.0M
Q2 24
$169.7M
$33.7M
Free Cash Flow
FRT
FRT
VTOL
VTOL
Q1 26
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
FCF Margin
FRT
FRT
VTOL
VTOL
Q1 26
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Capex Intensity
FRT
FRT
VTOL
VTOL
Q1 26
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
14.0%
Cash Conversion
FRT
FRT
VTOL
VTOL
Q1 26
Q4 25
4.80×
4.17×
Q3 25
2.40×
0.45×
Q2 25
0.97×
3.12×
Q1 25
2.81×
-0.02×
Q4 24
8.77×
1.61×
Q3 24
2.36×
2.34×
Q2 24
1.52×
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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