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Side-by-side financial comparison of Bluerock Homes Trust, Inc. (BHM) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $18.9M, roughly 1.8× Bluerock Homes Trust, Inc.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -50.1%, a 58.8% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs -0.1%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $10.1M). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs -1.5%).
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
BHM vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $33.9M |
| Net Profit | $-9.5M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -48.8% | 11.6% |
| Net Margin | -50.1% | 8.7% |
| Revenue YoY | 35.9% | -0.1% |
| Net Profit YoY | -29.9% | -19.6% |
| EPS (diluted) | $-0.75 | $0.13 |
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 | $18.9M | $33.9M | ||
| Q3 25 | $16.6M | $33.9M | ||
| Q2 25 | $16.8M | $35.7M | ||
| Q1 25 | $16.4M | $36.3M | ||
| Q4 24 | $13.9M | $33.9M | ||
| Q3 24 | $12.7M | $34.9M | ||
| Q2 24 | $12.5M | $34.0M | ||
| Q1 24 | $11.2M | $34.9M |
| Q4 25 | $-9.5M | $2.9M | ||
| Q3 25 | $-10.0M | $3.2M | ||
| Q2 25 | $-5.8M | $4.6M | ||
| Q1 25 | $-7.3M | $5.2M | ||
| Q4 24 | $-7.3M | $3.6M | ||
| Q3 24 | $3.5M | $3.7M | ||
| Q2 24 | $-5.2M | $3.4M | ||
| Q1 24 | $-3.2M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | -48.8% | 11.6% | ||
| Q3 25 | -57.6% | 12.9% | ||
| Q2 25 | -30.9% | 15.1% | ||
| Q1 25 | -42.6% | 16.6% | ||
| Q4 24 | -52.8% | 13.7% | ||
| Q3 24 | 27.9% | 14.2% | ||
| Q2 24 | -41.3% | 13.2% | ||
| Q1 24 | -28.4% | 14.0% |
| Q4 25 | -50.1% | 8.7% | ||
| Q3 25 | -60.0% | 9.5% | ||
| Q2 25 | -34.7% | 12.8% | ||
| Q1 25 | -44.7% | 14.3% | ||
| Q4 24 | -52.8% | 10.8% | ||
| Q3 24 | 27.9% | 10.5% | ||
| Q2 24 | -41.3% | 10.1% | ||
| Q1 24 | -28.4% | 12.1% |
| Q4 25 | $-0.75 | $0.13 | ||
| Q3 25 | $-0.94 | $0.15 | ||
| Q2 25 | $-0.66 | $0.22 | ||
| Q1 25 | $-0.67 | $0.25 | ||
| Q4 24 | $-0.65 | $0.17 | ||
| Q3 24 | $0.24 | $0.18 | ||
| Q2 24 | $-0.42 | $0.17 | ||
| Q1 24 | $-0.27 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.6M | $25.3M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $128.7M | $146.4M |
| Total Assets | $1.2B | $206.1M |
| Debt / EquityLower = less leverage | 3.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $169.6M | $25.3M | ||
| Q3 25 | $2.1M | $21.4M | ||
| Q2 25 | $4.2M | $20.2M | ||
| Q1 25 | $3.0M | $19.9M | ||
| Q4 24 | $115.2M | $29.1M | ||
| Q3 24 | $155.1M | $27.8M | ||
| Q2 24 | $116.0M | $23.9M | ||
| Q1 24 | $92.3M | $23.3M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | — | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | — |
| Q4 25 | $128.7M | $146.4M | ||
| Q3 25 | $131.7M | $148.7M | ||
| Q2 25 | $135.3M | $150.9M | ||
| Q1 25 | $137.1M | $151.7M | ||
| Q4 24 | $139.1M | $154.7M | ||
| Q3 24 | $142.9M | $156.3M | ||
| Q2 24 | $142.5M | $158.2M | ||
| Q1 24 | $144.5M | $160.2M |
| Q4 25 | $1.2B | $206.1M | ||
| Q3 25 | $222.1M | $209.7M | ||
| Q2 25 | $220.3M | $208.7M | ||
| Q1 25 | $186.2M | $204.5M | ||
| Q4 24 | $967.0M | $217.1M | ||
| Q3 24 | $800.8M | $216.8M | ||
| Q2 24 | $756.2M | $216.4M | ||
| Q1 24 | $727.4M | $215.0M |
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | — |
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 | $27.8M | $11.5M |
| Free Cash FlowOCF − Capex | $10.4M | $10.1M |
| FCF MarginFCF / Revenue | 55.0% | 29.9% |
| Capex IntensityCapex / Revenue | 91.8% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $25.0M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.8M | $11.5M | ||
| Q3 25 | $13.4M | $8.1M | ||
| Q2 25 | $13.9M | $7.0M | ||
| Q1 25 | $951.0K | $2.3M | ||
| Q4 24 | $9.1M | $8.4M | ||
| Q3 24 | $1.7M | $11.1M | ||
| Q2 24 | $1.3M | $7.4M | ||
| Q1 24 | $1.1M | $2.0M |
| Q4 25 | $10.4M | $10.1M | ||
| Q3 25 | $8.7M | $7.6M | ||
| Q2 25 | $8.8M | $6.0M | ||
| Q1 25 | $-2.9M | $1.5M | ||
| Q4 24 | $-253.0K | $7.5M | ||
| Q3 24 | $-601.0K | $10.3M | ||
| Q2 24 | $-654.0K | $6.8M | ||
| Q1 24 | $-630.0K | $1.1M |
| Q4 25 | 55.0% | 29.9% | ||
| Q3 25 | 52.4% | 22.4% | ||
| Q2 25 | 52.2% | 16.8% | ||
| Q1 25 | -17.6% | 4.2% | ||
| Q4 24 | -1.8% | 22.3% | ||
| Q3 24 | -4.7% | 29.4% | ||
| Q2 24 | -5.2% | 20.0% | ||
| Q1 24 | -5.6% | 3.2% |
| Q4 25 | 91.8% | 4.1% | ||
| Q3 25 | 28.5% | 1.6% | ||
| Q2 25 | 30.3% | 2.9% | ||
| Q1 25 | 23.4% | 2.1% | ||
| Q4 24 | 66.9% | 2.5% | ||
| Q3 24 | 18.0% | 2.4% | ||
| Q2 24 | 15.3% | 1.9% | ||
| Q1 24 | 15.5% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 0.47× | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
