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Side-by-side financial comparison of ALEXANDERS INC (ALX) and ARS Pharmaceuticals, Inc. (SPRY). Click either name above to swap in a different company.

ALEXANDERS INC is the larger business by last-quarter revenue ($53.3M vs $28.1M, roughly 1.9× ARS Pharmaceuticals, Inc.). On growth, ALEXANDERS INC posted the faster year-over-year revenue change (-4.7% vs -67.6%).

Alexander's, Inc. is a real estate investment trust that owns 7 properties in New York metropolitan area, including 731 Lexington Avenue, the headquarters of Bloomberg L.P. It is controlled by Vornado Realty Trust. It was founded by George Farkas and Louis Schwadron in 1928.

ARS Pharmaceuticals, Inc. is a late-stage biopharmaceutical firm specializing in the development and commercialization of novel therapies for severe allergic reactions, most notably needle-free epinephrine delivery solutions for anaphylaxis. It primarily operates in the North American market, catering to both pediatric and adult patient groups at risk of life-threatening allergic responses.

ALX vs SPRY — Head-to-Head

Bigger by revenue
ALX
ALX
1.9× larger
ALX
$53.3M
$28.1M
SPRY
Growing faster (revenue YoY)
ALX
ALX
+62.8% gap
ALX
-4.7%
-67.6%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALX
ALX
SPRY
SPRY
Revenue
$53.3M
$28.1M
Net Profit
$-41.3M
Gross Margin
Operating Margin
-147.6%
Net Margin
-147.1%
Revenue YoY
-4.7%
-67.6%
Net Profit YoY
-182.8%
EPS (diluted)
$0.75
$-0.41

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
ALX
ALX
SPRY
SPRY
Q4 25
$53.3M
$28.1M
Q3 25
$53.4M
$32.5M
Q2 25
$51.6M
$15.7M
Q1 25
$54.9M
$8.0M
Q4 24
$55.9M
$86.6M
Q3 24
$55.7M
$2.1M
Q2 24
$53.4M
$500.0K
Q1 24
$61.4M
$0
Net Profit
ALX
ALX
SPRY
SPRY
Q4 25
$-41.3M
Q3 25
$6.0M
$-51.2M
Q2 25
$6.1M
$-44.9M
Q1 25
$12.3M
$-33.9M
Q4 24
$49.9M
Q3 24
$6.7M
$-19.1M
Q2 24
$8.4M
$-12.5M
Q1 24
$16.1M
$-10.3M
Operating Margin
ALX
ALX
SPRY
SPRY
Q4 25
-147.6%
Q3 25
-163.7%
Q2 25
-302.9%
Q1 25
-466.3%
Q4 24
54.5%
Q3 24
-1051.6%
Q2 24
-3068.0%
Q1 24
Net Margin
ALX
ALX
SPRY
SPRY
Q4 25
-147.1%
Q3 25
11.2%
-157.4%
Q2 25
11.9%
-285.6%
Q1 25
22.4%
-425.7%
Q4 24
57.7%
Q3 24
12.0%
-925.0%
Q2 24
15.7%
-2503.2%
Q1 24
26.2%
EPS (diluted)
ALX
ALX
SPRY
SPRY
Q4 25
$0.75
$-0.41
Q3 25
$1.16
$-0.52
Q2 25
$1.19
$-0.46
Q1 25
$2.40
$-0.35
Q4 24
$2.39
$0.52
Q3 24
$1.30
$-0.20
Q2 24
$1.63
$-0.13
Q1 24
$3.14
$-0.11

Balance Sheet & Financial Strength

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

Metric
ALX
ALX
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$128.2M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$109.2M
$114.3M
Total Assets
$1.1B
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALX
ALX
SPRY
SPRY
Q4 25
$128.2M
$245.0M
Q3 25
$286.1M
$288.2M
Q2 25
$313.0M
$240.1M
Q1 25
$319.9M
$275.7M
Q4 24
$338.5M
$314.0M
Q3 24
$354.8M
$204.6M
Q2 24
$410.9M
$218.7M
Q1 24
$526.3M
$223.6M
Total Debt
ALX
ALX
SPRY
SPRY
Q4 25
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALX
ALX
SPRY
SPRY
Q4 25
$109.2M
$114.3M
Q3 25
$128.3M
$147.7M
Q2 25
$145.4M
$192.3M
Q1 25
$163.1M
$229.0M
Q4 24
$176.9M
$256.8M
Q3 24
$190.7M
$201.0M
Q2 24
$212.5M
$215.2M
Q1 24
$230.1M
$223.9M
Total Assets
ALX
ALX
SPRY
SPRY
Q4 25
$1.1B
$327.7M
Q3 25
$1.3B
$372.8M
Q2 25
$1.3B
$313.5M
Q1 25
$1.3B
$327.3M
Q4 24
$1.3B
$351.2M
Q3 24
$1.4B
$217.6M
Q2 24
$1.5B
$222.0M
Q1 24
$1.4B
$227.6M
Debt / Equity
ALX
ALX
SPRY
SPRY
Q4 25
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALX
ALX
SPRY
SPRY
Operating Cash FlowLast quarter
$73.4M
$-43.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALX
ALX
SPRY
SPRY
Q4 25
$73.4M
$-43.5M
Q3 25
$-9.3M
$-47.0M
Q2 25
$43.6M
$-39.6M
Q1 25
$15.7M
$-40.7M
Q4 24
$54.1M
$42.0M
Q3 24
$-5.0M
$-14.5M
Q2 24
$11.5M
$-7.3M
Q1 24
$16.8M
$-6.7M
Free Cash Flow
ALX
ALX
SPRY
SPRY
Q4 25
Q3 25
$-47.2M
Q2 25
$-39.6M
Q1 25
$-40.8M
Q4 24
$41.7M
Q3 24
$-14.6M
Q2 24
$-7.3M
Q1 24
$-6.8M
FCF Margin
ALX
ALX
SPRY
SPRY
Q4 25
Q3 25
-145.4%
Q2 25
-252.2%
Q1 25
-512.1%
Q4 24
48.2%
Q3 24
-706.3%
Q2 24
-1463.4%
Q1 24
Capex Intensity
ALX
ALX
SPRY
SPRY
Q4 25
0.0%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
6.8%
Q2 24
7.6%
Q1 24
Cash Conversion
ALX
ALX
SPRY
SPRY
Q4 25
Q3 25
-1.55×
Q2 25
7.12×
Q1 25
1.28×
Q4 24
0.84×
Q3 24
-0.75×
Q2 24
1.37×
Q1 24
1.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALX
ALX

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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