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Side-by-side financial comparison of Franklin BSP Realty Trust, Inc. (FBRT) and PROCEPT BioRobotics Corp (PRCT). Click either name above to swap in a different company.

PROCEPT BioRobotics Corp is the larger business by last-quarter revenue ($83.1M vs $81.1M, roughly 1.0× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -38.1%, a 60.7% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs 20.2%). Over the past eight quarters, PROCEPT BioRobotics Corp's revenue compounded faster (24.8% CAGR vs 22.6%).

Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.

PROCEPT BioRobotics Corp is a medical tech firm developing and commercializing robotic surgical solutions for urological care. Its flagship AquaBeam system provides image-guided minimally invasive therapy for benign prostatic hyperplasia, serving providers and patients across North America, Europe and global markets.

FBRT vs PRCT — Head-to-Head

Bigger by revenue
PRCT
PRCT
1.0× larger
PRCT
$83.1M
$81.1M
FBRT
Growing faster (revenue YoY)
FBRT
FBRT
+5.6% gap
FBRT
25.8%
20.2%
PRCT
Higher net margin
FBRT
FBRT
60.7% more per $
FBRT
22.7%
-38.1%
PRCT
Faster 2-yr revenue CAGR
PRCT
PRCT
Annualised
PRCT
24.8%
22.6%
FBRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FBRT
FBRT
PRCT
PRCT
Revenue
$81.1M
$83.1M
Net Profit
$18.4M
$-31.6M
Gross Margin
64.9%
Operating Margin
-4.1%
Net Margin
22.7%
-38.1%
Revenue YoY
25.8%
20.2%
Net Profit YoY
-39.1%
-27.9%
EPS (diluted)
$0.13
$-0.56

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
FBRT
FBRT
PRCT
PRCT
Q1 26
$83.1M
Q4 25
$81.1M
$76.4M
Q3 25
$89.5M
$83.3M
Q2 25
$49.3M
$79.2M
Q1 25
$50.1M
$69.2M
Q4 24
$64.5M
$68.2M
Q3 24
$54.0M
$58.4M
Q2 24
$50.9M
$53.4M
Net Profit
FBRT
FBRT
PRCT
PRCT
Q1 26
$-31.6M
Q4 25
$18.4M
$-29.8M
Q3 25
$17.3M
$-21.4M
Q2 25
$23.2M
$-19.6M
Q1 25
$24.1M
$-24.7M
Q4 24
$30.2M
$-18.9M
Q3 24
$31.6M
$-21.0M
Q2 24
$-2.2M
$-25.6M
Gross Margin
FBRT
FBRT
PRCT
PRCT
Q1 26
64.9%
Q4 25
60.6%
Q3 25
64.8%
Q2 25
65.4%
Q1 25
63.9%
Q4 24
64.0%
Q3 24
63.2%
Q2 24
59.0%
Operating Margin
FBRT
FBRT
PRCT
PRCT
Q1 26
-4.1%
Q4 25
-40.6%
Q3 25
-27.8%
Q2 25
-28.0%
Q1 25
-39.7%
Q4 24
-28.9%
Q3 24
-38.4%
Q2 24
-50.3%
Net Margin
FBRT
FBRT
PRCT
PRCT
Q1 26
-38.1%
Q4 25
22.7%
-39.1%
Q3 25
19.3%
-25.7%
Q2 25
47.1%
-24.7%
Q1 25
48.0%
-35.8%
Q4 24
46.8%
-27.6%
Q3 24
58.5%
-35.9%
Q2 24
-4.3%
-48.0%
EPS (diluted)
FBRT
FBRT
PRCT
PRCT
Q1 26
$-0.56
Q4 25
$0.13
$-0.54
Q3 25
$0.12
$-0.38
Q2 25
$0.19
$-0.35
Q1 25
$0.20
$-0.45
Q4 24
$0.28
$-0.34
Q3 24
$0.30
$-0.40
Q2 24
$-0.11
$-0.50

Balance Sheet & Financial Strength

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

Metric
FBRT
FBRT
PRCT
PRCT
Cash + ST InvestmentsLiquidity on hand
$167.3M
$245.6M
Total DebtLower is stronger
$51.7M
Stockholders' EquityBook value
$1.4B
$347.7M
Total Assets
$6.1B
$487.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBRT
FBRT
PRCT
PRCT
Q1 26
$245.6M
Q4 25
$167.3M
$286.5M
Q3 25
$116.7M
$294.3M
Q2 25
$414.1M
$302.7M
Q1 25
$215.4M
$316.2M
Q4 24
$184.4M
$333.7M
Q3 24
$346.2M
$196.8M
Q2 24
$94.8M
$214.1M
Total Debt
FBRT
FBRT
PRCT
PRCT
Q1 26
$51.7M
Q4 25
$51.6M
Q3 25
$51.6M
Q2 25
$51.5M
Q1 25
$51.5M
Q4 24
$51.5M
Q3 24
$51.4M
Q2 24
$51.4M
Stockholders' Equity
FBRT
FBRT
PRCT
PRCT
Q1 26
$347.7M
Q4 25
$1.4B
$365.9M
Q3 25
$1.5B
$380.3M
Q2 25
$1.5B
$385.8M
Q1 25
$1.5B
$389.2M
Q4 24
$1.5B
$402.2M
Q3 24
$1.5B
$241.2M
Q2 24
$1.5B
$251.8M
Total Assets
FBRT
FBRT
PRCT
PRCT
Q1 26
$487.1M
Q4 25
$6.1B
$508.1M
Q3 25
$6.2B
$511.5M
Q2 25
$5.6B
$513.1M
Q1 25
$5.7B
$519.4M
Q4 24
$6.0B
$534.0M
Q3 24
$6.3B
$374.1M
Q2 24
$6.3B
$374.4M
Debt / Equity
FBRT
FBRT
PRCT
PRCT
Q1 26
0.15×
Q4 25
0.14×
Q3 25
0.14×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.13×
Q3 24
0.21×
Q2 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
FBRT
FBRT
PRCT
PRCT
Operating Cash FlowLast quarter
$291.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBRT
FBRT
PRCT
PRCT
Q1 26
Q4 25
$291.9M
$-10.3M
Q3 25
$-148.1M
$-6.6M
Q2 25
$11.8M
$-15.0M
Q1 25
$116.2M
$-17.0M
Q4 24
$57.2M
$-32.4M
Q3 24
$97.4M
$-18.8M
Q2 24
$1.9M
$-15.7M
Free Cash Flow
FBRT
FBRT
PRCT
PRCT
Q1 26
Q4 25
$-12.2M
Q3 25
$-9.5M
Q2 25
$-17.8M
Q1 25
$-18.8M
Q4 24
$-33.6M
Q3 24
$-19.0M
Q2 24
$-16.8M
FCF Margin
FBRT
FBRT
PRCT
PRCT
Q1 26
Q4 25
-15.9%
Q3 25
-11.4%
Q2 25
-22.5%
Q1 25
-27.2%
Q4 24
-49.2%
Q3 24
-32.6%
Q2 24
-31.4%
Capex Intensity
FBRT
FBRT
PRCT
PRCT
Q1 26
Q4 25
2.4%
Q3 25
3.4%
Q2 25
3.5%
Q1 25
2.7%
Q4 24
1.7%
Q3 24
0.4%
Q2 24
2.0%
Cash Conversion
FBRT
FBRT
PRCT
PRCT
Q1 26
Q4 25
15.88×
Q3 25
-8.56×
Q2 25
0.51×
Q1 25
4.83×
Q4 24
1.90×
Q3 24
3.08×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FBRT
FBRT

New Point Holdings JVLLC$77.3M95%
Other$2.1M3%
Office Building$1.7M2%

PRCT
PRCT

Handpieces and other consumables$43.0M52%
System sales and rentals$23.4M28%
Other$11.1M13%
Service$5.6M7%

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