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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and HYDROFARM HOLDINGS GROUP, INC. (HYFM). Click either name above to swap in a different company.

HYDROFARM HOLDINGS GROUP, INC. is the larger business by last-quarter revenue ($25.1M vs $18.2M, roughly 1.4× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -963.9%, a 966.1% gap on every dollar of revenue. On growth, FrontView REIT, Inc. posted the faster year-over-year revenue change (12.0% vs -32.7%).

FVR vs HYFM — Head-to-Head

Bigger by revenue
HYFM
HYFM
1.4× larger
HYFM
$25.1M
$18.2M
FVR
Growing faster (revenue YoY)
FVR
FVR
+44.6% gap
FVR
12.0%
-32.7%
HYFM
Higher net margin
FVR
FVR
966.1% more per $
FVR
2.2%
-963.9%
HYFM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FVR
FVR
HYFM
HYFM
Revenue
$18.2M
$25.1M
Net Profit
$400.0K
$-242.2M
Gross Margin
8.5%
Operating Margin
24.9%
-953.8%
Net Margin
2.2%
-963.9%
Revenue YoY
12.0%
-32.7%
Net Profit YoY
-1282.7%
EPS (diluted)
$-52.09

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
FVR
FVR
HYFM
HYFM
Q1 26
$18.2M
Q4 25
$16.5M
$25.1M
Q3 25
$16.8M
$29.4M
Q2 25
$17.6M
$39.2M
Q1 25
$16.2M
$40.5M
Q4 24
$37.3M
Q3 24
$14.5M
$44.0M
Q2 24
$54.8M
Net Profit
FVR
FVR
HYFM
HYFM
Q1 26
$400.0K
Q4 25
$-4.1M
$-242.2M
Q3 25
$4.0M
$-16.4M
Q2 25
$-2.9M
$-16.9M
Q1 25
$-833.0K
$-14.4M
Q4 24
$-17.5M
Q3 24
$-2.4M
$-13.1M
Q2 24
$-23.4M
Gross Margin
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
8.5%
Q3 25
11.6%
Q2 25
7.1%
Q1 25
17.0%
Q4 24
4.9%
Q3 24
19.4%
Q2 24
19.8%
Operating Margin
FVR
FVR
HYFM
HYFM
Q1 26
24.9%
Q4 25
-953.8%
Q3 25
-44.1%
Q2 25
-34.0%
Q1 25
-27.1%
Q4 24
-40.5%
Q3 24
-20.5%
Q2 24
-35.3%
Net Margin
FVR
FVR
HYFM
HYFM
Q1 26
2.2%
Q4 25
-24.9%
-963.9%
Q3 25
23.9%
-55.8%
Q2 25
-16.5%
-43.0%
Q1 25
-5.1%
-35.5%
Q4 24
-46.9%
Q3 24
-16.7%
-29.9%
Q2 24
-42.8%
EPS (diluted)
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
$-0.19
$-52.09
Q3 25
$0.19
$-3.51
Q2 25
$-0.16
$-3.63
Q1 25
$-0.06
$-3.12
Q4 24
$-3.80
Q3 24
$-2.86
Q2 24
$-5.10

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
HYFM
HYFM
Cash + ST InvestmentsLiquidity on hand
$9.3M
$6.3M
Total DebtLower is stronger
$50.0K
Stockholders' EquityBook value
$514.2M
$-63.3M
Total Assets
$869.8M
$123.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
HYFM
HYFM
Q1 26
$9.3M
Q4 25
$13.5M
$6.3M
Q3 25
$19.6M
$10.7M
Q2 25
$8.4M
$11.0M
Q1 25
$3.3M
$13.7M
Q4 24
$26.1M
Q3 24
$24.4M
Q2 24
$30.3M
Total Debt
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
$314.3M
$50.0K
Q3 25
$307.1M
$111.7M
Q2 25
$316.9M
$111.6M
Q1 25
$310.2M
$110.0M
Q4 24
$114.7M
Q3 24
$114.8M
Q2 24
$114.9M
Stockholders' Equity
FVR
FVR
HYFM
HYFM
Q1 26
$514.2M
Q4 25
$391.2M
$-63.3M
Q3 25
$385.2M
$178.3M
Q2 25
$369.9M
$195.0M
Q1 25
$324.7M
$209.9M
Q4 24
$223.7M
Q3 24
$1.0K
$243.0M
Q2 24
$255.0M
Total Assets
FVR
FVR
HYFM
HYFM
Q1 26
$869.8M
Q4 25
$854.4M
$123.8M
Q3 25
$846.8M
$369.7M
Q2 25
$856.5M
$389.9M
Q1 25
$860.8M
$410.6M
Q4 24
$426.1M
Q3 24
$1.0K
$445.9M
Q2 24
$463.4M
Debt / Equity
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
0.80×
Q3 25
0.80×
0.63×
Q2 25
0.86×
0.57×
Q1 25
0.96×
0.52×
Q4 24
0.51×
Q3 24
0.47×
Q2 24
0.45×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVR
FVR
HYFM
HYFM
Operating Cash FlowLast quarter
$-4.0M
Free Cash FlowOCF − Capex
$-4.3M
FCF MarginFCF / Revenue
-17.1%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
$42.1M
$-4.0M
Q3 25
$8.3M
$-37.0K
Q2 25
$9.3M
$1.7M
Q1 25
$8.1M
$-11.8M
Q4 24
$2.7M
Q3 24
$-4.5M
Q2 24
$3.8M
Free Cash Flow
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
$-4.3M
Q3 25
$-207.0K
Q2 25
$1.4M
Q1 25
$-12.0M
Q4 24
$2.4M
Q3 24
$-5.3M
Q2 24
$3.4M
FCF Margin
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
-17.1%
Q3 25
-0.7%
Q2 25
3.7%
Q1 25
-29.6%
Q4 24
6.4%
Q3 24
-12.0%
Q2 24
6.2%
Capex Intensity
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
1.3%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.6%
Q4 24
0.7%
Q3 24
1.8%
Q2 24
0.7%
Cash Conversion
FVR
FVR
HYFM
HYFM
Q1 26
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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