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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

Anika Therapeutics, Inc. is the larger business by last-quarter revenue ($29.6M vs $26.0M, roughly 1.1× FRANKLIN STREET PROPERTIES CORP). On growth, Anika Therapeutics, Inc. posted the faster year-over-year revenue change (13.2% vs -8.2%). Over the past eight quarters, Anika Therapeutics, Inc.'s revenue compounded faster (-1.8% CAGR vs -8.7%).

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

ANIK vs FSP — Head-to-Head

Bigger by revenue
ANIK
ANIK
1.1× larger
ANIK
$29.6M
$26.0M
FSP
Growing faster (revenue YoY)
ANIK
ANIK
+21.4% gap
ANIK
13.2%
-8.2%
FSP
Faster 2-yr revenue CAGR
ANIK
ANIK
Annualised
ANIK
-1.8%
-8.7%
FSP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ANIK
ANIK
FSP
FSP
Revenue
$29.6M
$26.0M
Net Profit
$-7.3M
Gross Margin
64.2%
59.4%
Operating Margin
17.3%
-27.9%
Net Margin
-28.1%
Revenue YoY
13.2%
-8.2%
Net Profit YoY
14.1%
EPS (diluted)
$0.27
$-0.06

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
ANIK
ANIK
FSP
FSP
Q1 26
$29.6M
Q4 25
$30.6M
$26.0M
Q3 25
$27.8M
$27.3M
Q2 25
$28.2M
$26.7M
Q1 25
$26.2M
$27.1M
Q4 24
$30.6M
$28.4M
Q3 24
$29.6M
$29.7M
Q2 24
$30.7M
$30.8M
Net Profit
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
$292.0K
$-7.3M
Q3 25
$-2.3M
$-8.3M
Q2 25
$-4.0M
$-7.9M
Q1 25
$-4.9M
$-21.4M
Q4 24
$-21.9M
$-8.5M
Q3 24
$-29.9M
$-15.6M
Q2 24
$-88.0K
$-21.0M
Gross Margin
ANIK
ANIK
FSP
FSP
Q1 26
64.2%
Q4 25
62.6%
59.4%
Q3 25
56.0%
60.9%
Q2 25
50.9%
59.9%
Q1 25
56.1%
62.8%
Q4 24
56.0%
59.7%
Q3 24
65.7%
61.0%
Q2 24
66.7%
64.2%
Operating Margin
ANIK
ANIK
FSP
FSP
Q1 26
17.3%
Q4 25
2.1%
-27.9%
Q3 25
-11.6%
-30.5%
Q2 25
-14.8%
-29.2%
Q1 25
-16.4%
-78.9%
Q4 24
-2.3%
-29.9%
Q3 24
-0.3%
-52.4%
Q2 24
-5.9%
-68.0%
Net Margin
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
1.0%
-28.1%
Q3 25
-8.4%
-30.5%
Q2 25
-14.1%
-29.5%
Q1 25
-18.6%
-79.1%
Q4 24
-71.4%
-30.0%
Q3 24
-101.2%
-52.6%
Q2 24
-0.3%
-68.2%
EPS (diluted)
ANIK
ANIK
FSP
FSP
Q1 26
$0.27
Q4 25
$0.02
$-0.06
Q3 25
$-0.16
$-0.08
Q2 25
$-0.28
$-0.08
Q1 25
$-0.34
$-0.21
Q4 24
$-1.49
$-0.09
Q3 24
$-2.03
$-0.15
Q2 24
$0.00
$-0.20

Balance Sheet & Financial Strength

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

Metric
ANIK
ANIK
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$41.0M
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$133.9M
$607.0M
Total Assets
$179.4M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIK
ANIK
FSP
FSP
Q1 26
$41.0M
Q4 25
$81.2M
$30.6M
Q3 25
$80.2M
$31.4M
Q2 25
$77.1M
$29.4M
Q1 25
$75.4M
$30.2M
Q4 24
$79.2M
$41.1M
Q3 24
$90.7M
$40.9M
Q2 24
$96.6M
$30.2M
Stockholders' Equity
ANIK
ANIK
FSP
FSP
Q1 26
$133.9M
Q4 25
$143.5M
$607.0M
Q3 25
$146.8M
$615.3M
Q2 25
$147.7M
$624.7M
Q1 25
$148.4M
$633.4M
Q4 24
$154.0M
$655.9M
Q3 24
$179.9M
$665.4M
Q2 24
$210.3M
$682.1M
Total Assets
ANIK
ANIK
FSP
FSP
Q1 26
$179.4M
Q4 25
$190.3M
$892.9M
Q3 25
$189.4M
$901.0M
Q2 25
$187.7M
$903.2M
Q1 25
$190.6M
$916.4M
Q4 24
$202.7M
$946.9M
Q3 24
$231.4M
$981.5M
Q2 24
$262.7M
$1.0B

Cash Flow & Capital Efficiency

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

Metric
ANIK
ANIK
FSP
FSP
Operating Cash FlowLast quarter
$3.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
$4.6M
$3.8M
Q3 25
$6.9M
$8.3M
Q2 25
$-189.0K
$-2.9M
Q1 25
$-130.0K
$-5.5M
Q4 24
$1.6M
$9.0M
Q3 24
$5.0M
$14.5M
Q2 24
$-1.1M
$-648.0K
Free Cash Flow
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
$4.0M
$-12.7M
Q3 25
$5.0M
$3.0M
Q2 25
$-1.7M
$-5.7M
Q1 25
$-3.0M
$-9.9M
Q4 24
$275.0K
$-16.2M
Q3 24
$3.8M
$8.6M
Q2 24
$-4.5M
$-5.1M
FCF Margin
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
13.0%
-48.6%
Q3 25
17.9%
11.0%
Q2 25
-5.9%
-21.5%
Q1 25
-11.3%
-36.7%
Q4 24
0.9%
-57.2%
Q3 24
12.9%
29.1%
Q2 24
-14.6%
-16.7%
Capex Intensity
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
2.1%
63.0%
Q3 25
6.8%
19.4%
Q2 25
5.2%
10.7%
Q1 25
10.8%
16.4%
Q4 24
4.3%
88.9%
Q3 24
4.1%
19.6%
Q2 24
11.1%
14.6%
Cash Conversion
ANIK
ANIK
FSP
FSP
Q1 26
Q4 25
15.88×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ANIK
ANIK

OEM Channel$17.0M57%
Commercial Channel$12.6M43%

FSP
FSP

Segment breakdown not available.

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