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Side-by-side financial comparison of KITE REALTY GROUP TRUST (KRG) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.

Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $200.7M, roughly 1.3× KITE REALTY GROUP TRUST). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs 0.2%, a 1.2% gap on every dollar of revenue. On growth, KITE REALTY GROUP TRUST posted the faster year-over-year revenue change (-9.2% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs -2.8%).

Kite Realty Group Trust is a publicly traded U.S.-headquartered real estate investment trust. It primarily owns, operates, and develops high-quality open-air shopping centers and mixed-use properties, with a portfolio spanning key regional markets across the United States. Its tenant base includes national retail chains, local independent merchants, and dining and entertainment operators, serving local community consumer needs.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

KRG vs SDHC — Head-to-Head

Bigger by revenue
SDHC
SDHC
1.3× larger
SDHC
$260.4M
$200.7M
KRG
Growing faster (revenue YoY)
KRG
KRG
+0.2% gap
KRG
-9.2%
-9.4%
SDHC
Higher net margin
SDHC
SDHC
1.2% more per $
SDHC
1.4%
0.2%
KRG
Faster 2-yr revenue CAGR
SDHC
SDHC
Annualised
SDHC
17.3%
-2.8%
KRG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KRG
KRG
SDHC
SDHC
Revenue
$200.7M
$260.4M
Net Profit
$330.0K
$3.5M
Gross Margin
19.9%
Operating Margin
6.5%
Net Margin
0.2%
1.4%
Revenue YoY
-9.2%
-9.4%
Net Profit YoY
-51.6%
-14.3%
EPS (diluted)
$0.06
$0.39

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
KRG
KRG
SDHC
SDHC
Q1 26
$200.7M
Q4 25
$204.2M
$260.4M
Q3 25
$205.1M
$262.0M
Q2 25
$213.4M
$223.9M
Q1 25
$221.8M
$224.7M
Q4 24
$214.7M
$287.5M
Q3 24
$207.3M
$277.8M
Q2 24
$212.4M
$220.9M
Net Profit
KRG
KRG
SDHC
SDHC
Q1 26
$330.0K
Q4 25
$180.8M
$3.5M
Q3 25
$-16.2M
$2.1M
Q2 25
$110.3M
$2.4M
Q1 25
$23.7M
$2.7M
Q4 24
$21.8M
$4.1M
Q3 24
$16.7M
$5.3M
Q2 24
$-48.6M
$3.6M
Gross Margin
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
19.9%
Q3 25
21.0%
Q2 25
23.2%
Q1 25
23.8%
Q4 24
25.5%
Q3 24
26.5%
Q2 24
26.7%
Operating Margin
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
6.5%
Q3 25
6.6%
Q2 25
7.7%
Q1 25
24.2%
8.7%
Q4 24
23.0%
10.4%
Q3 24
21.7%
14.2%
Q2 24
-10.5%
11.7%
Net Margin
KRG
KRG
SDHC
SDHC
Q1 26
0.2%
Q4 25
88.6%
1.4%
Q3 25
-7.9%
0.8%
Q2 25
51.7%
1.1%
Q1 25
10.7%
1.2%
Q4 24
10.2%
1.4%
Q3 24
8.1%
1.9%
Q2 24
-22.9%
1.7%
EPS (diluted)
KRG
KRG
SDHC
SDHC
Q1 26
$0.06
Q4 25
$0.83
$0.39
Q3 25
$-0.07
$0.24
Q2 25
$0.50
$0.26
Q1 25
$0.11
$0.30
Q4 24
$0.10
$0.50
Q3 24
$0.08
$0.58
Q2 24
$-0.22
$0.40

Balance Sheet & Financial Strength

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

Metric
KRG
KRG
SDHC
SDHC
Cash + ST InvestmentsLiquidity on hand
$32.5M
$12.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$86.7M
Total Assets
$6.4B
$557.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRG
KRG
SDHC
SDHC
Q1 26
$32.5M
Q4 25
$36.8M
$12.7M
Q3 25
$68.7M
$14.8M
Q2 25
$182.0M
$16.8M
Q1 25
$49.1M
$12.7M
Q4 24
$478.1M
$22.4M
Q3 24
$467.5M
$23.7M
Q2 24
$273.8M
$17.3M
Total Debt
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
$3.0B
Q3 25
$2.9B
Q2 25
$3.0B
Q1 25
$2.9B
Q4 24
$3.2B
Q3 24
$3.2B
Q2 24
$3.0B
Stockholders' Equity
KRG
KRG
SDHC
SDHC
Q1 26
$2.9B
Q4 25
$3.1B
$86.7M
Q3 25
$3.2B
$82.2M
Q2 25
$3.3B
$80.0M
Q1 25
$3.3B
$76.9M
Q4 24
$3.3B
$73.6M
Q3 24
$3.3B
$68.4M
Q2 24
$3.4B
$62.1M
Total Assets
KRG
KRG
SDHC
SDHC
Q1 26
$6.4B
Q4 25
$6.7B
$557.6M
Q3 25
$6.6B
$571.6M
Q2 25
$6.9B
$570.2M
Q1 25
$6.7B
$513.9M
Q4 24
$7.1B
$475.9M
Q3 24
$7.1B
$460.1M
Q2 24
$7.0B
$429.3M
Debt / Equity
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
0.98×
Q3 25
0.93×
Q2 25
0.91×
Q1 25
0.89×
Q4 24
0.97×
Q3 24
0.97×
Q2 24
0.88×

Cash Flow & Capital Efficiency

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

Metric
KRG
KRG
SDHC
SDHC
Operating Cash FlowLast quarter
$9.8M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
3.3%
0.4%
Cash ConversionOCF / Net Profit
2.77×
TTM Free Cash FlowTrailing 4 quarters
$-36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
$106.6M
$9.8M
Q3 25
$116.2M
$22.8M
Q2 25
$132.8M
$-28.9M
Q1 25
$74.1M
$-34.9M
Q4 24
$111.0M
$5.5M
Q3 24
$112.4M
$22.9M
Q2 24
$142.1M
$39.0K
Free Cash Flow
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
$8.7M
Q3 25
$21.4M
Q2 25
$-31.1M
Q1 25
$-35.9M
Q4 24
$4.8M
Q3 24
$22.3M
Q2 24
$-2.1M
FCF Margin
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
3.4%
Q3 25
8.2%
Q2 25
-13.9%
Q1 25
-16.0%
Q4 24
1.7%
Q3 24
8.0%
Q2 24
-1.0%
Capex Intensity
KRG
KRG
SDHC
SDHC
Q1 26
3.3%
Q4 25
0.4%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
0.2%
Q3 24
0.2%
Q2 24
1.0%
Cash Conversion
KRG
KRG
SDHC
SDHC
Q1 26
Q4 25
0.59×
2.77×
Q3 25
10.70×
Q2 25
1.20×
-12.24×
Q1 25
3.12×
-13.01×
Q4 24
5.09×
1.33×
Q3 24
6.72×
4.28×
Q2 24
0.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRG
KRG

Rental income$198.0M99%
Fee income$1.3M1%

SDHC
SDHC

Southeast$164.7M63%
Central$95.8M37%

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