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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($523.5M vs $336.0M, roughly 1.6× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 7.5%, a 31.1% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -3.2%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -4.2%).
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.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
FRT vs WEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $523.5M |
| Net Profit | $129.7M | $39.2M |
| Gross Margin | — | 64.1% |
| Operating Margin | 53.8% | 15.9% |
| Net Margin | 38.6% | 7.5% |
| Revenue YoY | 8.7% | -3.2% |
| Net Profit YoY | 103.5% | 72.7% |
| EPS (diluted) | $1.49 | $0.19 |
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 | $523.5M | ||
| Q4 25 | $336.0M | $543.0M | ||
| Q3 25 | $322.3M | $549.5M | ||
| Q2 25 | $311.5M | $560.9M | ||
| Q1 25 | $309.2M | $523.5M | ||
| Q4 24 | $311.4M | $574.3M | ||
| Q3 24 | $303.6M | $566.7M | ||
| Q2 24 | $296.1M | $570.7M |
| Q1 26 | $129.7M | $39.2M | ||
| Q4 25 | $129.7M | $26.5M | ||
| Q3 25 | $61.6M | $44.3M | ||
| Q2 25 | $155.9M | $55.1M | ||
| Q1 25 | $63.8M | $39.2M | ||
| Q4 24 | $65.5M | $47.5M | ||
| Q3 24 | $61.0M | $50.2M | ||
| Q2 24 | $112.0M | $54.6M |
| Q1 26 | — | 64.1% | ||
| Q4 25 | — | 62.7% | ||
| Q3 25 | — | 62.8% | ||
| Q2 25 | — | 65.0% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 65.5% | ||
| Q2 24 | — | 65.0% |
| Q1 26 | 53.8% | 15.9% | ||
| Q4 25 | 53.8% | 11.8% | ||
| Q3 25 | 34.3% | 16.8% | ||
| Q2 25 | 65.1% | 18.6% | ||
| Q1 25 | 35.0% | 15.9% | ||
| Q4 24 | 35.1% | 16.7% | ||
| Q3 24 | 34.9% | 16.7% | ||
| Q2 24 | 53.0% | 17.4% |
| Q1 26 | 38.6% | 7.5% | ||
| Q4 25 | 38.6% | 4.9% | ||
| Q3 25 | 19.1% | 8.1% | ||
| Q2 25 | 50.0% | 9.8% | ||
| Q1 25 | 20.6% | 7.5% | ||
| Q4 24 | 21.0% | 8.3% | ||
| Q3 24 | 20.1% | 8.9% | ||
| Q2 24 | 37.8% | 9.6% |
| Q1 26 | $1.49 | $0.19 | ||
| Q4 25 | $1.49 | $0.14 | ||
| Q3 25 | $0.69 | $0.23 | ||
| Q2 25 | $1.78 | $0.29 | ||
| Q1 25 | $0.72 | $0.19 | ||
| Q4 24 | $0.74 | $0.23 | ||
| Q3 24 | $0.70 | $0.25 | ||
| Q2 24 | $1.32 | $0.27 |
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 | $300.8M |
| Total DebtLower is stronger | $5.0B | $2.8B |
| Stockholders' EquityBook value | $3.2B | $117.4M |
| Total Assets | $9.1B | $5.0B |
| Debt / EquityLower = less leverage | 1.53× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | $300.8M | ||
| Q4 25 | $107.4M | $300.8M | ||
| Q3 25 | $111.3M | $291.4M | ||
| Q2 25 | $177.0M | $281.2M | ||
| Q1 25 | $109.2M | $335.3M | ||
| Q4 24 | $123.4M | $450.5M | ||
| Q3 24 | $97.0M | $482.2M | ||
| Q2 24 | $103.2M | $465.5M |
| Q1 26 | $5.0B | $2.8B | ||
| Q4 25 | $5.0B | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.2B | $117.4M | ||
| Q4 25 | $3.2B | $117.4M | ||
| Q3 25 | $3.2B | $109.2M | ||
| Q2 25 | $3.2B | $112.9M | ||
| Q1 25 | $3.2B | $130.2M | ||
| Q4 24 | $3.2B | $259.4M | ||
| Q3 24 | $3.1B | $259.9M | ||
| Q2 24 | $3.0B | $273.8M |
| Q1 26 | $9.1B | $5.0B | ||
| Q4 25 | $9.1B | $5.0B | ||
| Q3 25 | $8.9B | $5.0B | ||
| Q2 25 | $8.6B | $4.9B | ||
| Q1 25 | $8.6B | $4.9B | ||
| Q4 24 | $8.5B | $5.0B | ||
| Q3 24 | $8.5B | $5.1B | ||
| Q2 24 | $8.4B | $5.1B |
| Q1 26 | 1.53× | 23.51× | ||
| Q4 25 | 1.53× | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | 1.42× | 10.57× | ||
| 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 | — | $85.4M |
| Free Cash FlowOCF − Capex | — | $68.0M |
| FCF MarginFCF / Revenue | — | 13.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $242.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $85.4M | ||
| Q4 25 | $622.4M | $69.3M | ||
| Q3 25 | $147.8M | $129.3M | ||
| Q2 25 | $150.7M | $60.6M | ||
| Q1 25 | $179.0M | $85.4M | ||
| Q4 24 | $574.6M | $68.6M | ||
| Q3 24 | $144.1M | $141.2M | ||
| Q2 24 | $169.7M | $45.5M |
| Q1 26 | — | $68.0M | ||
| Q4 25 | — | $31.4M | ||
| Q3 25 | — | $104.3M | ||
| Q2 25 | — | $39.2M | ||
| Q1 25 | — | $67.7M | ||
| Q4 24 | — | $26.6M | ||
| Q3 24 | — | $123.3M | ||
| Q2 24 | — | $28.4M |
| Q1 26 | — | 13.0% | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 19.0% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
| Q1 26 | — | 2.18× | ||
| Q4 25 | 4.80× | 2.62× | ||
| Q3 25 | 2.40× | 2.92× | ||
| Q2 25 | 0.97× | 1.10× | ||
| Q1 25 | 2.81× | 2.18× | ||
| Q4 24 | 8.77× | 1.44× | ||
| Q3 24 | 2.36× | 2.81× | ||
| Q2 24 | 1.52× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
