First Industrial Realty Trust Inc. (FR) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$54.99 +1.20% NYSE • Public Delayed / 60s Snapshot

First Industrial Realty Trust Inc. (FR) carries a Roarable Rating of C+ (Hold) with 66/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $7.29B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510066
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C · Rk B
Cash (15)Whales (10)SEC (16)Macro (13)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+3.6% Base Target
$73 Bull$57 Base$44 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:60% Call Buyers ($2.7M)
40% PutsMax Pain: $54.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How FR Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$428.5M (58.9% FCF Margin)
Revenue$727.1MGross Profit $319.9M (44%)Cost of Sales $407.2MOp Profit $292.0M (40.2%)OpEx (R&D/SG&A) $27.9MNet Profit$247.4M (34%)Tax/Other $44.5M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $614.0M
FY24
Rev $669.6M
FY25
Rev $727.1M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$727.1M44%40.2%$247.4M$428.5M5.9%
FY 2024$669.6M44%50.7%$287.6M$322.4M7.1%
FY 2023$614.0M44%52.8%$274.8M$277.2M10.6%
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Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring FR)

  • ✓Live walkthrough of FR's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
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RQD INSIDER CLUB UPGRADE$49/YEAR
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FR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -12.26%🛡️ HOLDING TREND SUPPORT
2026-10-30O $54.40H $54.93L $54.16C $54.41VOL 1.78M
RES: $59.93SUP: $54.02SMA50: $60.00SMA200: $61.36
$70.98$66.42$61.86$57.30$52.75RES $59.93SUP $54.02$54.412026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
22.7%/yr Implied 5Y Growth

vs. +8.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

FR Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is First Industrial Realty Trust Inc. (FR)?

In FY 2025 (10-K), FR converted $727.1M of revenue into a 44% gross margin, 40.2% operating margin, and $428.5M in free cash flow (58.9% FCF margin).