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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and Perimeter Solutions, Inc. (PRM). Click either name above to swap in a different company.

Perimeter Solutions, Inc. is the larger business by last-quarter revenue ($102.8M vs $83.2M, roughly 1.2× BrightSpire Capital, Inc.). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -136.5%, a 119.2% gap on every dollar of revenue. On growth, Perimeter Solutions, Inc. posted the faster year-over-year revenue change (19.2% vs -0.4%). BrightSpire Capital, Inc. produced more free cash flow last quarter ($55.1M vs $11.6M). Over the past eight quarters, Perimeter Solutions, Inc.'s revenue compounded faster (31.9% CAGR vs -6.8%).

Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Perimeter 81 is an Israeli cloud and network security company that develops secure remote networks, based on the zero trust architecture, for organizations. Its technology replaces legacy security appliances like VPNs and firewalls.

BRSP vs PRM — Head-to-Head

Bigger by revenue
PRM
PRM
1.2× larger
PRM
$102.8M
$83.2M
BRSP
Growing faster (revenue YoY)
PRM
PRM
+19.5% gap
PRM
19.2%
-0.4%
BRSP
Higher net margin
BRSP
BRSP
119.2% more per $
BRSP
-17.3%
-136.5%
PRM
More free cash flow
BRSP
BRSP
$43.5M more FCF
BRSP
$55.1M
$11.6M
PRM
Faster 2-yr revenue CAGR
PRM
PRM
Annualised
PRM
31.9%
-6.8%
BRSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRSP
BRSP
PRM
PRM
Revenue
$83.2M
$102.8M
Net Profit
$-14.4M
$-140.2M
Gross Margin
45.2%
Operating Margin
-160.7%
Net Margin
-17.3%
-136.5%
Revenue YoY
-0.4%
19.2%
Net Profit YoY
27.3%
-197.3%
EPS (diluted)
$-0.11
$-0.89

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
BRSP
BRSP
PRM
PRM
Q4 25
$83.2M
$102.8M
Q3 25
$83.9M
$315.4M
Q2 25
$85.9M
$162.6M
Q1 25
$77.6M
$72.0M
Q4 24
$83.5M
$86.2M
Q3 24
$88.2M
$288.4M
Q2 24
$91.4M
$127.3M
Q1 24
$95.8M
$59.0M
Net Profit
BRSP
BRSP
PRM
PRM
Q4 25
$-14.4M
$-140.2M
Q3 25
$984.0K
$-90.7M
Q2 25
$-23.1M
$-32.2M
Q1 25
$5.3M
$56.7M
Q4 24
$-19.7M
$144.2M
Q3 24
$12.7M
$-89.2M
Q2 24
$-67.9M
$21.6M
Q1 24
$-57.1M
$-82.6M
Gross Margin
BRSP
BRSP
PRM
PRM
Q4 25
45.2%
Q3 25
63.1%
Q2 25
62.4%
Q1 25
39.1%
Q4 24
48.6%
Q3 24
62.8%
Q2 24
57.6%
Q1 24
35.1%
Operating Margin
BRSP
BRSP
PRM
PRM
Q4 25
-160.7%
Q3 25
-1.7%
-27.7%
Q2 25
-54.5%
-16.1%
Q1 25
5.1%
Q4 24
-24.9%
71.1%
Q3 24
13.2%
-12.2%
Q2 24
-74.9%
35.4%
Q1 24
-59.4%
-126.8%
Net Margin
BRSP
BRSP
PRM
PRM
Q4 25
-17.3%
-136.5%
Q3 25
1.2%
-28.7%
Q2 25
-26.9%
-19.8%
Q1 25
6.9%
78.7%
Q4 24
-23.7%
167.2%
Q3 24
14.4%
-30.9%
Q2 24
-74.2%
17.0%
Q1 24
-59.6%
-139.8%
EPS (diluted)
BRSP
BRSP
PRM
PRM
Q4 25
$-0.11
$-0.89
Q3 25
$0.00
$-0.62
Q2 25
$-0.19
$-0.22
Q1 25
$0.04
$0.36
Q4 24
$-0.16
$1.00
Q3 24
$0.09
$-0.61
Q2 24
$-0.53
$0.14
Q1 24
$-0.45
$-0.57

Balance Sheet & Financial Strength

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

Metric
BRSP
BRSP
PRM
PRM
Cash + ST InvestmentsLiquidity on hand
$66.8M
$325.9M
Total DebtLower is stronger
$2.5B
$669.1M
Stockholders' EquityBook value
$938.4M
$1.1B
Total Assets
$3.6B
$2.7B
Debt / EquityLower = less leverage
2.63×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRSP
BRSP
PRM
PRM
Q4 25
$66.8M
$325.9M
Q3 25
$113.4M
$340.6M
Q2 25
$154.3M
$140.7M
Q1 25
$200.9M
$200.1M
Q4 24
$302.2M
$198.5M
Q3 24
$263.8M
$223.1M
Q2 24
$203.3M
$43.2M
Q1 24
$221.5M
$38.7M
Total Debt
BRSP
BRSP
PRM
PRM
Q4 25
$2.5B
$669.1M
Q3 25
$2.2B
$668.8M
Q2 25
$2.3B
$668.4M
Q1 25
$2.3B
$668.1M
Q4 24
$2.5B
$667.8M
Q3 24
$2.6B
$667.4M
Q2 24
$2.5B
$667.1M
Q1 24
$2.6B
$666.8M
Stockholders' Equity
BRSP
BRSP
PRM
PRM
Q4 25
$938.4M
$1.1B
Q3 25
$976.4M
$1.1B
Q2 25
$994.4M
$1.2B
Q1 25
$1.0B
$1.2B
Q4 24
$1.0B
$1.2B
Q3 24
$1.1B
$1.0B
Q2 24
$1.1B
$1.1B
Q1 24
$1.2B
$1.1B
Total Assets
BRSP
BRSP
PRM
PRM
Q4 25
$3.6B
$2.7B
Q3 25
$3.3B
$2.6B
Q2 25
$3.4B
$2.5B
Q1 25
$3.6B
$2.4B
Q4 24
$3.7B
$2.4B
Q3 24
$3.8B
$2.5B
Q2 24
$3.8B
$2.3B
Q1 24
$3.9B
$2.3B
Debt / Equity
BRSP
BRSP
PRM
PRM
Q4 25
2.63×
0.59×
Q3 25
2.22×
0.60×
Q2 25
2.27×
0.57×
Q1 25
2.27×
0.55×
Q4 24
2.38×
0.58×
Q3 24
2.36×
0.67×
Q2 24
2.28×
0.62×
Q1 24
2.17×
0.63×

Cash Flow & Capital Efficiency

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

Metric
BRSP
BRSP
PRM
PRM
Operating Cash FlowLast quarter
$73.0M
$18.6M
Free Cash FlowOCF − Capex
$55.1M
$11.6M
FCF MarginFCF / Revenue
66.2%
11.3%
Capex IntensityCapex / Revenue
21.6%
6.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.0M
$208.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRSP
BRSP
PRM
PRM
Q4 25
$73.0M
$18.6M
Q3 25
$29.9M
$198.7M
Q2 25
$17.4M
$-2.9M
Q1 25
$10.5M
$23.7M
Q4 24
$103.4M
$-6.0M
Q3 24
$31.3M
$183.0M
Q2 24
$22.9M
$8.6M
Q1 24
$24.6M
$2.8M
Free Cash Flow
BRSP
BRSP
PRM
PRM
Q4 25
$55.1M
$11.6M
Q3 25
$27.4M
$193.6M
Q2 25
$11.6M
$-15.6M
Q1 25
$8.0M
$18.9M
Q4 24
$97.3M
$-12.4M
Q3 24
$28.3M
$179.1M
Q2 24
$22.7M
$5.0M
Q1 24
$22.2M
$1.2M
FCF Margin
BRSP
BRSP
PRM
PRM
Q4 25
66.2%
11.3%
Q3 25
32.7%
61.4%
Q2 25
13.4%
-9.6%
Q1 25
10.3%
26.3%
Q4 24
116.6%
-14.4%
Q3 24
32.1%
62.1%
Q2 24
24.9%
3.9%
Q1 24
23.2%
2.1%
Capex Intensity
BRSP
BRSP
PRM
PRM
Q4 25
21.6%
6.8%
Q3 25
2.9%
1.6%
Q2 25
6.8%
7.8%
Q1 25
3.2%
6.7%
Q4 24
7.3%
7.5%
Q3 24
3.4%
1.3%
Q2 24
0.1%
2.9%
Q1 24
2.5%
2.6%
Cash Conversion
BRSP
BRSP
PRM
PRM
Q4 25
Q3 25
30.36×
Q2 25
Q1 25
1.97×
0.42×
Q4 24
-0.04×
Q3 24
2.46×
Q2 24
0.40×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BRSP
BRSP

Segment breakdown not available.

PRM
PRM

Products$87.7M85%
Service And Other$14.8M14%

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