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Side-by-side financial comparison of BGSF, INC. (BGSF) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Whitestone REIT is the larger business by last-quarter revenue ($43.9M vs $22.0M, roughly 2.0× BGSF, INC.). Whitestone REIT runs the higher net margin — 52.0% vs -5.3%, a 57.3% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -9.4%). Whitestone REIT produced more free cash flow last quarter ($50.5M vs $1.7M). Over the past eight quarters, Whitestone REIT's revenue compounded faster (8.7% CAGR vs -5.3%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
BGSF vs WSR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $43.9M |
| Net Profit | $-1.2M | $22.8M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 53.0% |
| Net Margin | -5.3% | 52.0% |
| Revenue YoY | -9.4% | 7.5% |
| Net Profit YoY | -18.2% | 31.7% |
| EPS (diluted) | $-0.12 | $0.43 |
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 | $43.9M | ||
| Q3 25 | $26.9M | $41.0M | ||
| Q2 25 | $23.5M | $37.9M | ||
| Q1 25 | $20.9M | $38.0M | ||
| Q4 24 | $24.3M | $40.8M | ||
| Q3 24 | $29.8M | $38.6M | ||
| Q2 24 | $25.7M | $37.6M | ||
| Q1 24 | $24.5M | $37.2M |
| Q4 25 | $-1.2M | $22.8M | ||
| Q3 25 | $-5.8M | $18.3M | ||
| Q2 25 | $-3.7M | $5.1M | ||
| Q1 25 | $-722.0K | $3.7M | ||
| Q4 24 | $-981.0K | $17.3M | ||
| Q3 24 | $-804.0K | $7.6M | ||
| Q2 24 | $-761.0K | $2.6M | ||
| Q1 24 | $-792.0K | $9.3M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | 53.0% | ||
| Q3 25 | -3.5% | 45.5% | ||
| Q2 25 | -18.8% | 13.8% | ||
| Q1 25 | 1.6% | 10.2% | ||
| Q4 24 | -15.7% | 43.3% | ||
| Q3 24 | -3.4% | 20.3% | ||
| Q2 24 | -5.7% | 7.2% | ||
| Q1 24 | 1.7% | 25.9% |
| Q4 25 | -5.3% | 52.0% | ||
| Q3 25 | -21.6% | 44.7% | ||
| Q2 25 | -15.9% | 13.3% | ||
| Q1 25 | -3.5% | 9.7% | ||
| Q4 24 | -4.0% | 42.5% | ||
| Q3 24 | -2.7% | 19.7% | ||
| Q2 24 | -3.0% | 6.9% | ||
| Q1 24 | -3.2% | 25.1% |
| Q4 25 | $-0.12 | $0.43 | ||
| Q3 25 | $-0.52 | $0.35 | ||
| Q2 25 | $-0.34 | $0.10 | ||
| Q1 25 | $-0.06 | $0.07 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | $-0.07 | $0.15 | ||
| Q2 24 | $-0.07 | $0.05 | ||
| Q1 24 | — | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9M |
| Total DebtLower is stronger | — | $649.4M |
| Stockholders' EquityBook value | $48.1M | $458.1M |
| Total Assets | $57.8M | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.9M | ||
| Q3 25 | $41.2M | $6.8M | ||
| Q2 25 | $2.8M | $5.3M | ||
| Q1 25 | $2.0M | $5.6M | ||
| Q4 24 | $32.0K | $5.2M | ||
| Q3 24 | $262 | $2.5M | ||
| Q2 24 | $226 | $3.2M | ||
| Q1 24 | $50 | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $48.1M | $458.1M | ||
| Q3 25 | $50.7M | $439.5M | ||
| Q2 25 | $78.3M | $427.5M | ||
| Q1 25 | $81.8M | $431.0M | ||
| Q4 24 | $82.3M | $438.2M | ||
| Q3 24 | $82.9M | $419.5M | ||
| Q2 24 | $83.2M | $418.3M | ||
| Q1 24 | $83.6M | $421.6M |
| Q4 25 | $57.8M | $1.2B | ||
| Q3 25 | $83.6M | $1.1B | ||
| Q2 25 | $149.7M | $1.2B | ||
| Q1 25 | $152.3M | $1.1B | ||
| Q4 24 | $150.1M | $1.1B | ||
| Q3 24 | $157.3K | $1.1B | ||
| Q2 24 | $159.8K | $1.1B | ||
| Q1 24 | $170.6K | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $50.8M |
| Free Cash FlowOCF − Capex | $1.7M | $50.5M |
| FCF MarginFCF / Revenue | 7.6% | 114.9% |
| Capex IntensityCapex / Revenue | 0.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $50.8M | ||
| Q3 25 | $-4.8M | $18.0M | ||
| Q2 25 | $2.2M | $13.8M | ||
| Q1 25 | $1.1M | $3.1M | ||
| Q4 24 | $3.2M | $58.2M | ||
| Q3 24 | $6.5M | $16.4M | ||
| Q2 24 | $7.3M | $12.3M | ||
| Q1 24 | $7.4M | $11.5M |
| Q4 25 | $1.7M | $50.5M | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | $58.0M | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | 114.9% | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | 142.1% | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | 0.7% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | 0.5% | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
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% |
WSR
Segment breakdown not available.
