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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 1.0× WYNDHAM HOTELS & RESORTS, INC.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -18.0%, a 56.6% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs -76.3%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs -4.6%).

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.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

FRT vs WH — Head-to-Head

Bigger by revenue
FRT
FRT
1.0× larger
FRT
$336.0M
$334.0M
WH
Growing faster (revenue YoY)
FRT
FRT
+85.0% gap
FRT
8.7%
-76.3%
WH
Higher net margin
FRT
FRT
56.6% more per $
FRT
38.6%
-18.0%
WH
Faster 2-yr revenue CAGR
FRT
FRT
Annualised
FRT
6.5%
-4.6%
WH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRT
FRT
WH
WH
Revenue
$336.0M
$334.0M
Net Profit
$129.7M
$-60.0M
Gross Margin
Operating Margin
53.8%
Net Margin
38.6%
-18.0%
Revenue YoY
8.7%
-76.3%
Net Profit YoY
103.5%
-170.6%
EPS (diluted)
$1.49
$-0.80

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
WH
WH
Q1 26
$336.0M
$334.0M
Q4 25
$336.0M
$334.0M
Q3 25
$322.3M
$382.0M
Q2 25
$311.5M
$397.0M
Q1 25
$309.2M
$316.0M
Q4 24
$311.4M
$336.0M
Q3 24
$303.6M
$396.0M
Q2 24
$296.1M
$367.0M
Net Profit
FRT
FRT
WH
WH
Q1 26
$129.7M
$-60.0M
Q4 25
$129.7M
$-60.0M
Q3 25
$61.6M
$105.0M
Q2 25
$155.9M
$87.0M
Q1 25
$63.8M
$61.0M
Q4 24
$65.5M
$85.0M
Q3 24
$61.0M
$102.0M
Q2 24
$112.0M
$86.0M
Operating Margin
FRT
FRT
WH
WH
Q1 26
53.8%
Q4 25
53.8%
-11.4%
Q3 25
34.3%
46.6%
Q2 25
65.1%
37.8%
Q1 25
35.0%
35.4%
Q4 24
35.1%
38.4%
Q3 24
34.9%
43.2%
Q2 24
53.0%
39.5%
Net Margin
FRT
FRT
WH
WH
Q1 26
38.6%
-18.0%
Q4 25
38.6%
-18.0%
Q3 25
19.1%
27.5%
Q2 25
50.0%
21.9%
Q1 25
20.6%
19.3%
Q4 24
21.0%
25.3%
Q3 24
20.1%
25.8%
Q2 24
37.8%
23.4%
EPS (diluted)
FRT
FRT
WH
WH
Q1 26
$1.49
$-0.80
Q4 25
$1.49
$-0.77
Q3 25
$0.69
$1.36
Q2 25
$1.78
$1.13
Q1 25
$0.72
$0.78
Q4 24
$0.74
$1.06
Q3 24
$0.70
$1.29
Q2 24
$1.32
$1.07

Balance Sheet & Financial Strength

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

Metric
FRT
FRT
WH
WH
Cash + ST InvestmentsLiquidity on hand
$107.4M
$64.0M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$3.2B
$468.0M
Total Assets
$9.1B
$4.2B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
WH
WH
Q1 26
$107.4M
$64.0M
Q4 25
$107.4M
$64.0M
Q3 25
$111.3M
$70.0M
Q2 25
$177.0M
$50.0M
Q1 25
$109.2M
$48.0M
Q4 24
$123.4M
$103.0M
Q3 24
$97.0M
$72.0M
Q2 24
$103.2M
$70.0M
Total Debt
FRT
FRT
WH
WH
Q1 26
$5.0B
Q4 25
$5.0B
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$4.5B
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
FRT
FRT
WH
WH
Q1 26
$3.2B
$468.0M
Q4 25
$3.2B
$468.0M
Q3 25
$3.2B
$583.0M
Q2 25
$3.2B
$570.0M
Q1 25
$3.2B
$579.0M
Q4 24
$3.2B
$650.0M
Q3 24
$3.1B
$583.0M
Q2 24
$3.0B
$623.0M
Total Assets
FRT
FRT
WH
WH
Q1 26
$9.1B
$4.2B
Q4 25
$9.1B
$4.2B
Q3 25
$8.9B
$4.3B
Q2 25
$8.6B
$4.3B
Q1 25
$8.6B
$4.2B
Q4 24
$8.5B
$4.2B
Q3 24
$8.5B
$4.2B
Q2 24
$8.4B
$4.2B
Debt / Equity
FRT
FRT
WH
WH
Q1 26
1.53×
Q4 25
1.53×
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
1.42×
3.72×
Q3 24
4.19×
Q2 24
3.83×

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
WH
WH
Operating Cash FlowLast quarter
$367.0M
Free Cash FlowOCF − Capex
$168.0M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
WH
WH
Q1 26
$367.0M
Q4 25
$622.4M
$152.0M
Q3 25
$147.8M
$86.0M
Q2 25
$150.7M
$70.0M
Q1 25
$179.0M
$59.0M
Q4 24
$574.6M
$134.0M
Q3 24
$144.1M
$79.0M
Q2 24
$169.7M
$1.0M
Free Cash Flow
FRT
FRT
WH
WH
Q1 26
$168.0M
Q4 25
$136.0M
Q3 25
$75.0M
Q2 25
$58.0M
Q1 25
$52.0M
Q4 24
$109.0M
Q3 24
$71.0M
Q2 24
$-6.0M
FCF Margin
FRT
FRT
WH
WH
Q1 26
50.3%
Q4 25
40.7%
Q3 25
19.6%
Q2 25
14.6%
Q1 25
16.5%
Q4 24
32.4%
Q3 24
17.9%
Q2 24
-1.6%
Capex Intensity
FRT
FRT
WH
WH
Q1 26
Q4 25
4.8%
Q3 25
2.9%
Q2 25
3.0%
Q1 25
2.2%
Q4 24
7.4%
Q3 24
2.0%
Q2 24
1.9%
Cash Conversion
FRT
FRT
WH
WH
Q1 26
Q4 25
4.80×
Q3 25
2.40×
0.82×
Q2 25
0.97×
0.80×
Q1 25
2.81×
0.97×
Q4 24
8.77×
1.58×
Q3 24
2.36×
0.77×
Q2 24
1.52×
0.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

WH
WH

Fee-related and other revenues$334.0M100%
Management and other fees$2.0M1%

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