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Side-by-side financial comparison of BGSF, INC. (BGSF) 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 $22.0M, roughly 1.2× BGSF, INC.). BGSF, INC. runs the higher net margin — -5.3% vs -28.1%, a 22.9% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -9.4%). BGSF, INC. produced more free cash flow last quarter ($1.7M vs $-12.7M). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -8.7%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs FSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $26.0M |
| Net Profit | $-1.2M | $-7.3M |
| Gross Margin | 35.0% | 59.4% |
| Operating Margin | -17.6% | -27.9% |
| Net Margin | -5.3% | -28.1% |
| Revenue YoY | -9.4% | -8.2% |
| Net Profit YoY | -18.2% | 14.1% |
| EPS (diluted) | $-0.12 | $-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.
| Q4 25 | $22.0M | $26.0M | ||
| Q3 25 | $26.9M | $27.3M | ||
| Q2 25 | $23.5M | $26.7M | ||
| Q1 25 | $20.9M | $27.1M | ||
| Q4 24 | $24.3M | $28.4M | ||
| Q3 24 | $29.8M | $29.7M | ||
| Q2 24 | $25.7M | $30.8M | ||
| Q1 24 | $24.5M | $31.2M |
| Q4 25 | $-1.2M | $-7.3M | ||
| Q3 25 | $-5.8M | $-8.3M | ||
| Q2 25 | $-3.7M | $-7.9M | ||
| Q1 25 | $-722.0K | $-21.4M | ||
| Q4 24 | $-981.0K | $-8.5M | ||
| Q3 24 | $-804.0K | $-15.6M | ||
| Q2 24 | $-761.0K | $-21.0M | ||
| Q1 24 | $-792.0K | $-7.6M |
| Q4 25 | 35.0% | 59.4% | ||
| Q3 25 | 35.9% | 60.9% | ||
| Q2 25 | 35.8% | 59.9% | ||
| Q1 25 | 36.2% | 62.8% | ||
| Q4 24 | 35.9% | 59.7% | ||
| Q3 24 | 35.9% | 61.0% | ||
| Q2 24 | 37.3% | 64.2% | ||
| Q1 24 | 38.1% | 64.7% |
| Q4 25 | -17.6% | -27.9% | ||
| Q3 25 | -3.5% | -30.5% | ||
| Q2 25 | -18.8% | -29.2% | ||
| Q1 25 | 1.6% | -78.9% | ||
| Q4 24 | -15.7% | -29.9% | ||
| Q3 24 | -3.4% | -52.4% | ||
| Q2 24 | -5.7% | -68.0% | ||
| Q1 24 | 1.7% | -24.0% |
| Q4 25 | -5.3% | -28.1% | ||
| Q3 25 | -21.6% | -30.5% | ||
| Q2 25 | -15.9% | -29.5% | ||
| Q1 25 | -3.5% | -79.1% | ||
| Q4 24 | -4.0% | -30.0% | ||
| Q3 24 | -2.7% | -52.6% | ||
| Q2 24 | -3.0% | -68.2% | ||
| Q1 24 | -3.2% | -24.2% |
| Q4 25 | $-0.12 | $-0.06 | ||
| Q3 25 | $-0.52 | $-0.08 | ||
| Q2 25 | $-0.34 | $-0.08 | ||
| Q1 25 | $-0.06 | $-0.21 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | $-0.07 | $-0.15 | ||
| Q2 24 | $-0.07 | $-0.20 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $30.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $607.0M |
| Total Assets | $57.8M | $892.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $30.6M | ||
| Q3 25 | $41.2M | $31.4M | ||
| Q2 25 | $2.8M | $29.4M | ||
| Q1 25 | $2.0M | $30.2M | ||
| Q4 24 | $32.0K | $41.1M | ||
| Q3 24 | $262 | $40.9M | ||
| Q2 24 | $226 | $30.2M | ||
| Q1 24 | $50 | $34.2M |
| Q4 25 | $48.1M | $607.0M | ||
| Q3 25 | $50.7M | $615.3M | ||
| Q2 25 | $78.3M | $624.7M | ||
| Q1 25 | $81.8M | $633.4M | ||
| Q4 24 | $82.3M | $655.9M | ||
| Q3 24 | $82.9M | $665.4M | ||
| Q2 24 | $83.2M | $682.1M | ||
| Q1 24 | $83.6M | $703.9M |
| Q4 25 | $57.8M | $892.9M | ||
| Q3 25 | $83.6M | $901.0M | ||
| Q2 25 | $149.7M | $903.2M | ||
| Q1 25 | $152.3M | $916.4M | ||
| Q4 24 | $150.1M | $946.9M | ||
| Q3 24 | $157.3K | $981.5M | ||
| Q2 24 | $159.8K | $1.0B | ||
| Q1 24 | $170.6K | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $3.8M |
| Free Cash FlowOCF − Capex | $1.7M | $-12.7M |
| FCF MarginFCF / Revenue | 7.6% | -48.6% |
| Capex IntensityCapex / Revenue | 0.1% | 63.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $3.8M | ||
| Q3 25 | $-4.8M | $8.3M | ||
| Q2 25 | $2.2M | $-2.9M | ||
| Q1 25 | $1.1M | $-5.5M | ||
| Q4 24 | $3.2M | $9.0M | ||
| Q3 24 | $6.5M | $14.5M | ||
| Q2 24 | $7.3M | $-648.0K | ||
| Q1 24 | $7.4M | $-7.1M |
| Q4 25 | $1.7M | $-12.7M | ||
| Q3 25 | $-4.9M | $3.0M | ||
| Q2 25 | $2.1M | $-5.7M | ||
| Q1 25 | $1.0M | $-9.9M | ||
| Q4 24 | $2.5M | $-16.2M | ||
| Q3 24 | $6.5M | $8.6M | ||
| Q2 24 | $7.3M | $-5.1M | ||
| Q1 24 | $6.9M | $-15.8M |
| Q4 25 | 7.6% | -48.6% | ||
| Q3 25 | -18.1% | 11.0% | ||
| Q2 25 | 9.1% | -21.5% | ||
| Q1 25 | 5.0% | -36.7% | ||
| Q4 24 | 10.2% | -57.2% | ||
| Q3 24 | 21.7% | 29.1% | ||
| Q2 24 | 28.5% | -16.7% | ||
| Q1 24 | 28.1% | -50.8% |
| Q4 25 | 0.1% | 63.0% | ||
| Q3 25 | 0.4% | 19.4% | ||
| Q2 25 | 0.0% | 10.7% | ||
| Q1 25 | 0.1% | 16.4% | ||
| Q4 24 | 3.0% | 88.9% | ||
| Q3 24 | 0.0% | 19.6% | ||
| Q2 24 | 0.0% | 14.6% | ||
| Q1 24 | 2.0% | 28.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
FSP
Segment breakdown not available.
