First Industrial Realty Trust, Inc.
$11.02B- Market cap
- $8.20B
- Debt
- +$2.90B
- Cash
- −$78.03M
Capital structure 74% equity / 26% debt · EV / Revenue 15.16x · EV / EBITDA 22.69x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: FR stock price at premium vs OII $61.87 current versus $27.55 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at OII's multiple
Implied fair value · at FR's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Premium justified
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: FR FY 2025 (ended Dec 31, 2025) · OII FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 74% equity / 26% debt · EV / Revenue 15.16x · EV / EBITDA 22.69x
Capital structure 91% equity / 9% debt · EV / Revenue 1.76x · EV / EBITDA 11.55x
FR carries the larger enterprise value at $11.02B against $4.91B; OII trades on the lower EV / Revenue multiple (1.76x vs 15.16x); OII on the lower EV / EBITDA (11.55x vs 22.69x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
FIRST INDUSTRIAL REALTY TRUST, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
OCEANEERING INTERNATIONAL INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.09x
0.46x
Net debt / EBITDA
Leverage against operating earnings
5.81x
-0.49x
Cash and equivalents
Liquid reserves on the balance sheet
$78.03M
$695.87M
Total debt
Interest-bearing obligations outstanding
$2.90B
$487.42M
Comparable set
Where the pair sits against the wider comparable set.
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