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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.

WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $336.0M, roughly 1.5× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 6.1%, a 32.5% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 8.7%). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.

Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.

FRT vs WWW — Head-to-Head

Bigger by revenue
WWW
WWW
1.5× larger
WWW
$517.5M
$336.0M
FRT
Growing faster (revenue YoY)
WWW
WWW
+16.8% gap
WWW
25.5%
8.7%
FRT
Higher net margin
FRT
FRT
32.5% more per $
FRT
38.6%
6.1%
WWW
Faster 2-yr revenue CAGR
WWW
WWW
Annualised
WWW
14.5%
6.5%
FRT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FRT
FRT
WWW
WWW
Revenue
$336.0M
$517.5M
Net Profit
$129.7M
$31.8M
Gross Margin
47.3%
Operating Margin
53.8%
9.7%
Net Margin
38.6%
6.1%
Revenue YoY
8.7%
25.5%
Net Profit YoY
103.5%
162.8%
EPS (diluted)
$1.49
$0.37

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
WWW
WWW
Q1 26
$336.0M
$517.5M
Q4 25
$336.0M
Q3 25
$322.3M
$470.3M
Q2 25
$311.5M
$474.2M
Q1 25
$309.2M
$412.3M
Q4 24
$311.4M
$494.7M
Q3 24
$303.6M
$440.2M
Q2 24
$296.1M
$425.2M
Net Profit
FRT
FRT
WWW
WWW
Q1 26
$129.7M
$31.8M
Q4 25
$129.7M
Q3 25
$61.6M
$25.1M
Q2 25
$155.9M
$26.8M
Q1 25
$63.8M
$12.1M
Q4 24
$65.5M
$23.1M
Q3 24
$61.0M
$23.2M
Q2 24
$112.0M
$13.8M
Gross Margin
FRT
FRT
WWW
WWW
Q1 26
47.3%
Q4 25
Q3 25
47.5%
Q2 25
47.2%
Q1 25
47.2%
Q4 24
43.4%
Q3 24
45.1%
Q2 24
43.1%
Operating Margin
FRT
FRT
WWW
WWW
Q1 26
53.8%
9.7%
Q4 25
53.8%
Q3 25
34.3%
8.4%
Q2 25
65.1%
8.6%
Q1 25
35.0%
4.8%
Q4 24
35.1%
7.4%
Q3 24
34.9%
7.9%
Q2 24
53.0%
6.8%
Net Margin
FRT
FRT
WWW
WWW
Q1 26
38.6%
6.1%
Q4 25
38.6%
Q3 25
19.1%
5.3%
Q2 25
50.0%
5.7%
Q1 25
20.6%
2.9%
Q4 24
21.0%
4.7%
Q3 24
20.1%
5.3%
Q2 24
37.8%
3.2%
EPS (diluted)
FRT
FRT
WWW
WWW
Q1 26
$1.49
$0.37
Q4 25
$1.49
Q3 25
$0.69
$0.30
Q2 25
$1.78
$0.32
Q1 25
$0.72
$0.15
Q4 24
$0.74
$0.29
Q3 24
$0.70
$0.28
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
WWW
WWW
Cash + ST InvestmentsLiquidity on hand
$107.4M
Total DebtLower is stronger
$5.0B
$621.7M
Stockholders' EquityBook value
$3.2B
$408.0M
Total Assets
$9.1B
$1.7B
Debt / EquityLower = less leverage
1.53×
1.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRT
FRT
WWW
WWW
Q1 26
$107.4M
Q4 25
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
FRT
FRT
WWW
WWW
Q1 26
$5.0B
$621.7M
Q4 25
$5.0B
Q3 25
$676.4M
Q2 25
$708.5M
Q1 25
$710.8M
Q4 24
$4.5B
$648.0M
Q3 24
$702.8M
Q2 24
$814.7M
Stockholders' Equity
FRT
FRT
WWW
WWW
Q1 26
$3.2B
$408.0M
Q4 25
$3.2B
Q3 25
$3.2B
$376.7M
Q2 25
$3.2B
$344.0M
Q1 25
$3.2B
$310.6M
Q4 24
$3.2B
$312.9M
Q3 24
$3.1B
$295.2M
Q2 24
$3.0B
$262.1M
Total Assets
FRT
FRT
WWW
WWW
Q1 26
$9.1B
$1.7B
Q4 25
$9.1B
Q3 25
$8.9B
$1.7B
Q2 25
$8.6B
$1.8B
Q1 25
$8.6B
$1.7B
Q4 24
$8.5B
$1.7B
Q3 24
$8.5B
$1.8B
Q2 24
$8.4B
$1.8B
Debt / Equity
FRT
FRT
WWW
WWW
Q1 26
1.53×
1.52×
Q4 25
1.53×
Q3 25
1.80×
Q2 25
2.06×
Q1 25
2.29×
Q4 24
1.42×
2.07×
Q3 24
2.38×
Q2 24
3.11×

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
WWW
WWW
Operating Cash FlowLast quarter
$146.2M
Free Cash FlowOCF − Capex
$145.6M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
4.60×
TTM Free Cash FlowTrailing 4 quarters
$125.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRT
FRT
WWW
WWW
Q1 26
$146.2M
Q4 25
$622.4M
Q3 25
$147.8M
$33.0M
Q2 25
$150.7M
$44.6M
Q1 25
$179.0M
$-83.8M
Q4 24
$574.6M
$82.4M
Q3 24
$144.1M
$108.2M
Q2 24
$169.7M
$26.7M
Free Cash Flow
FRT
FRT
WWW
WWW
Q1 26
$145.6M
Q4 25
Q3 25
$30.1M
Q2 25
$41.2M
Q1 25
$-91.4M
Q4 24
$74.4M
Q3 24
$104.1M
Q2 24
$23.7M
FCF Margin
FRT
FRT
WWW
WWW
Q1 26
28.1%
Q4 25
Q3 25
6.4%
Q2 25
8.7%
Q1 25
-22.2%
Q4 24
15.0%
Q3 24
23.6%
Q2 24
5.6%
Capex Intensity
FRT
FRT
WWW
WWW
Q1 26
0.1%
Q4 25
Q3 25
0.6%
Q2 25
0.7%
Q1 25
1.8%
Q4 24
1.6%
Q3 24
0.9%
Q2 24
0.7%
Cash Conversion
FRT
FRT
WWW
WWW
Q1 26
4.60×
Q4 25
4.80×
Q3 25
2.40×
1.31×
Q2 25
0.97×
1.66×
Q1 25
2.81×
-6.93×
Q4 24
8.77×
3.57×
Q3 24
2.36×
4.66×
Q2 24
1.52×
1.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRT
FRT

Segment breakdown not available.

WWW
WWW

Sales Channel Through Intermediary$230.2M44%
Sales Channel Directly To Consumer$142.6M28%
Work Group$134.0M26%
Other$10.7M2%

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