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Side-by-side financial comparison of Apyx Medical Corp (APYX) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $19.2M, roughly 1.4× Apyx Medical Corp). Apyx Medical Corp runs the higher net margin — -6.8% vs -28.1%, a 21.3% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs -8.2%). Apyx Medical Corp produced more free cash flow last quarter ($-2.8M vs $-12.7M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs -8.7%).

Bovie Medical Corporation was an American medical device manufacturer of medical devices, electrosurgical products and energy technologies. It was based in Clearwater, Florida with a manufacturing facility in Bulgaria.

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.

APYX vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.4× larger
FSP
$26.0M
$19.2M
APYX
Growing faster (revenue YoY)
APYX
APYX
+43.0% gap
APYX
34.7%
-8.2%
FSP
Higher net margin
APYX
APYX
21.3% more per $
APYX
-6.8%
-28.1%
FSP
More free cash flow
APYX
APYX
$9.9M more FCF
APYX
$-2.8M
$-12.7M
FSP
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
FSP
FSP
Revenue
$19.2M
$26.0M
Net Profit
$-1.3M
$-7.3M
Gross Margin
62.6%
59.4%
Operating Margin
0.1%
-27.9%
Net Margin
-6.8%
-28.1%
Revenue YoY
34.7%
-8.2%
Net Profit YoY
71.9%
14.1%
EPS (diluted)
$-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
APYX
APYX
FSP
FSP
Q4 25
$19.2M
$26.0M
Q3 25
$12.9M
$27.3M
Q2 25
$11.4M
$26.7M
Q1 25
$9.4M
$27.1M
Q4 24
$14.2M
$28.4M
Q3 24
$11.5M
$29.7M
Q2 24
$12.1M
$30.8M
Q1 24
$10.2M
$31.2M
Net Profit
APYX
APYX
FSP
FSP
Q4 25
$-1.3M
$-7.3M
Q3 25
$-2.0M
$-8.3M
Q2 25
$-3.8M
$-7.9M
Q1 25
$-4.2M
$-21.4M
Q4 24
$-4.6M
$-8.5M
Q3 24
$-4.7M
$-15.6M
Q2 24
$-6.6M
$-21.0M
Q1 24
$-7.6M
$-7.6M
Gross Margin
APYX
APYX
FSP
FSP
Q4 25
62.6%
59.4%
Q3 25
64.4%
60.9%
Q2 25
62.3%
59.9%
Q1 25
60.1%
62.8%
Q4 24
63.0%
59.7%
Q3 24
60.5%
61.0%
Q2 24
61.7%
64.2%
Q1 24
58.1%
64.7%
Operating Margin
APYX
APYX
FSP
FSP
Q4 25
0.1%
-27.9%
Q3 25
-6.5%
-30.5%
Q2 25
-22.6%
-29.2%
Q1 25
-32.4%
-78.9%
Q4 24
-21.4%
-29.9%
Q3 24
-31.6%
-52.4%
Q2 24
-45.7%
-68.0%
Q1 24
-64.6%
-24.0%
Net Margin
APYX
APYX
FSP
FSP
Q4 25
-6.8%
-28.1%
Q3 25
-15.4%
-30.5%
Q2 25
-33.2%
-29.5%
Q1 25
-44.0%
-79.1%
Q4 24
-32.5%
-30.0%
Q3 24
-40.9%
-52.6%
Q2 24
-54.0%
-68.2%
Q1 24
-74.0%
-24.2%
EPS (diluted)
APYX
APYX
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.19
$-0.20
Q1 24
$-0.22
$-0.07

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$31.7M
$30.6M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$607.0M
Total Assets
$66.8M
$892.9M
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
FSP
FSP
Q4 25
$31.7M
$30.6M
Q3 25
$25.1M
$31.4M
Q2 25
$29.3M
$29.4M
Q1 25
$31.0M
$30.2M
Q4 24
$31.7M
$41.1M
Q3 24
$28.0M
$40.9M
Q2 24
$32.7M
$30.2M
Q1 24
$37.3M
$34.2M
Total Debt
APYX
APYX
FSP
FSP
Q4 25
$37.5M
Q3 25
$37.5M
Q2 25
$37.5M
Q1 25
$37.5M
Q4 24
$37.5M
Q3 24
$37.5M
Q2 24
Q1 24
Stockholders' Equity
APYX
APYX
FSP
FSP
Q4 25
$14.5M
$607.0M
Q3 25
$5.8M
$615.3M
Q2 25
$7.3M
$624.7M
Q1 25
$10.5M
$633.4M
Q4 24
$14.2M
$655.9M
Q3 24
$11.0M
$665.4M
Q2 24
$14.7M
$682.1M
Q1 24
$20.3M
$703.9M
Total Assets
APYX
APYX
FSP
FSP
Q4 25
$66.8M
$892.9M
Q3 25
$57.4M
$901.0M
Q2 25
$58.2M
$903.2M
Q1 25
$60.2M
$916.4M
Q4 24
$64.8M
$946.9M
Q3 24
$60.7M
$981.5M
Q2 24
$65.4M
$1.0B
Q1 24
$70.7M
$1.0B
Debt / Equity
APYX
APYX
FSP
FSP
Q4 25
2.58×
Q3 25
6.41×
Q2 25
5.17×
Q1 25
3.57×
Q4 24
2.64×
Q3 24
3.40×
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
APYX
APYX
FSP
FSP
Operating Cash FlowLast quarter
$-2.5M
$3.8M
Free Cash FlowOCF − Capex
$-2.8M
$-12.7M
FCF MarginFCF / Revenue
-14.6%
-48.6%
Capex IntensityCapex / Revenue
1.4%
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
FSP
FSP
Q4 25
$-2.5M
$3.8M
Q3 25
$-3.5M
$8.3M
Q2 25
$-1.2M
$-2.9M
Q1 25
$-702.0K
$-5.5M
Q4 24
$-2.9M
$9.0M
Q3 24
$-4.4M
$14.5M
Q2 24
$-4.3M
$-648.0K
Q1 24
$-6.3M
$-7.1M
Free Cash Flow
APYX
APYX
FSP
FSP
Q4 25
$-2.8M
$-12.7M
Q3 25
$-4.1M
$3.0M
Q2 25
$-1.5M
$-5.7M
Q1 25
$-757.0K
$-9.9M
Q4 24
$-3.2M
$-16.2M
Q3 24
$-4.6M
$8.6M
Q2 24
$-4.6M
$-5.1M
Q1 24
$-6.4M
$-15.8M
FCF Margin
APYX
APYX
FSP
FSP
Q4 25
-14.6%
-48.6%
Q3 25
-31.5%
11.0%
Q2 25
-13.2%
-21.5%
Q1 25
-8.0%
-36.7%
Q4 24
-22.4%
-57.2%
Q3 24
-40.0%
29.1%
Q2 24
-38.0%
-16.7%
Q1 24
-62.2%
-50.8%
Capex Intensity
APYX
APYX
FSP
FSP
Q4 25
1.4%
63.0%
Q3 25
4.0%
19.4%
Q2 25
2.3%
10.7%
Q1 25
0.6%
16.4%
Q4 24
1.7%
88.9%
Q3 24
1.3%
19.6%
Q2 24
2.4%
14.6%
Q1 24
0.3%
28.1%

Financial Flow Comparison

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

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