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Side-by-side financial comparison of FutureFuel Corp. (FF) 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 $19.8M, roughly 1.7× FutureFuel Corp.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -60.5%, a 69.2% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -67.7%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-29.9M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

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.

FF vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.7× larger
SPOK
$33.9M
$19.8M
FF
Growing faster (revenue YoY)
SPOK
SPOK
+67.6% gap
SPOK
-0.1%
-67.7%
FF
Higher net margin
SPOK
SPOK
69.2% more per $
SPOK
8.7%
-60.5%
FF
More free cash flow
SPOK
SPOK
$40.0M more FCF
SPOK
$10.1M
$-29.9M
FF
Faster 2-yr revenue CAGR
SPOK
SPOK
Annualised
SPOK
-1.5%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
SPOK
SPOK
Revenue
$19.8M
$33.9M
Net Profit
$-12.0M
$2.9M
Gross Margin
-46.7%
76.7%
Operating Margin
-62.9%
11.6%
Net Margin
-60.5%
8.7%
Revenue YoY
-67.7%
-0.1%
Net Profit YoY
-529.4%
-19.6%
EPS (diluted)
$-0.28
$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.

Revenue
FF
FF
SPOK
SPOK
Q4 25
$19.8M
$33.9M
Q3 25
$22.7M
$33.9M
Q2 25
$35.7M
$35.7M
Q1 25
$17.5M
$36.3M
Q4 24
$61.5M
$33.9M
Q3 24
$51.1M
$34.9M
Q2 24
$72.4M
$34.0M
Q1 24
$58.3M
$34.9M
Net Profit
FF
FF
SPOK
SPOK
Q4 25
$-12.0M
$2.9M
Q3 25
$-9.3M
$3.2M
Q2 25
$-10.4M
$4.6M
Q1 25
$-17.6M
$5.2M
Q4 24
$2.8M
$3.6M
Q3 24
$-1.2M
$3.7M
Q2 24
$9.6M
$3.4M
Q1 24
$4.3M
$4.2M
Gross Margin
FF
FF
SPOK
SPOK
Q4 25
-46.7%
76.7%
Q3 25
-30.1%
78.3%
Q2 25
-24.6%
79.5%
Q1 25
-83.0%
80.1%
Q4 24
9.1%
78.5%
Q3 24
0.7%
79.5%
Q2 24
12.0%
78.9%
Q1 24
8.6%
79.5%
Operating Margin
FF
FF
SPOK
SPOK
Q4 25
-62.9%
11.6%
Q3 25
-42.9%
12.9%
Q2 25
-33.4%
15.1%
Q1 25
-107.4%
16.6%
Q4 24
2.6%
13.7%
Q3 24
-5.6%
14.2%
Q2 24
7.5%
13.2%
Q1 24
3.8%
14.0%
Net Margin
FF
FF
SPOK
SPOK
Q4 25
-60.5%
8.7%
Q3 25
-41.1%
9.5%
Q2 25
-29.2%
12.8%
Q1 25
-100.6%
14.3%
Q4 24
4.5%
10.8%
Q3 24
-2.3%
10.5%
Q2 24
13.2%
10.1%
Q1 24
7.4%
12.1%
EPS (diluted)
FF
FF
SPOK
SPOK
Q4 25
$-0.28
$0.13
Q3 25
$-0.21
$0.15
Q2 25
$-0.24
$0.22
Q1 25
$-0.40
$0.25
Q4 24
$0.06
$0.17
Q3 24
$-0.03
$0.18
Q2 24
$0.22
$0.17
Q1 24
$0.10
$0.21

Balance Sheet & Financial Strength

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

Metric
FF
FF
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$51.3M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$154.7M
$146.4M
Total Assets
$192.2M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
SPOK
SPOK
Q4 25
$51.3M
$25.3M
Q3 25
$85.6M
$21.4M
Q2 25
$95.2M
$20.2M
Q1 25
$97.1M
$19.9M
Q4 24
$109.5M
$29.1M
Q3 24
$133.4M
$27.8M
Q2 24
$115.1M
$23.9M
Q1 24
$201.1M
$23.3M
Stockholders' Equity
FF
FF
SPOK
SPOK
Q4 25
$154.7M
$146.4M
Q3 25
$169.1M
$148.7M
Q2 25
$178.2M
$150.9M
Q1 25
$188.4M
$151.7M
Q4 24
$205.8M
$154.7M
Q3 24
$213.3M
$156.3M
Q2 24
$214.4M
$158.2M
Q1 24
$204.8M
$160.2M
Total Assets
FF
FF
SPOK
SPOK
Q4 25
$192.2M
$206.1M
Q3 25
$203.5M
$209.7M
Q2 25
$218.2M
$208.7M
Q1 25
$227.7M
$204.5M
Q4 24
$247.7M
$217.1M
Q3 24
$256.5M
$216.8M
Q2 24
$261.2M
$216.4M
Q1 24
$365.4M
$215.0M

Cash Flow & Capital Efficiency

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

Metric
FF
FF
SPOK
SPOK
Operating Cash FlowLast quarter
$-27.4M
$11.5M
Free Cash FlowOCF − Capex
$-29.9M
$10.1M
FCF MarginFCF / Revenue
-150.5%
29.9%
Capex IntensityCapex / Revenue
12.2%
4.1%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
SPOK
SPOK
Q4 25
$-27.4M
$11.5M
Q3 25
$-1.1M
$8.1M
Q2 25
$5.2M
$7.0M
Q1 25
$-5.4M
$2.3M
Q4 24
$-16.6M
$8.4M
Q3 24
$25.8M
$11.1M
Q2 24
$27.8M
$7.4M
Q1 24
$-12.2M
$2.0M
Free Cash Flow
FF
FF
SPOK
SPOK
Q4 25
$-29.9M
$10.1M
Q3 25
$-6.5M
$7.6M
Q2 25
$-263.0K
$6.0M
Q1 25
$-9.4M
$1.5M
Q4 24
$-20.7M
$7.5M
Q3 24
$20.5M
$10.3M
Q2 24
$24.8M
$6.8M
Q1 24
$-14.5M
$1.1M
FCF Margin
FF
FF
SPOK
SPOK
Q4 25
-150.5%
29.9%
Q3 25
-28.5%
22.4%
Q2 25
-0.7%
16.8%
Q1 25
-53.6%
4.2%
Q4 24
-33.6%
22.3%
Q3 24
40.1%
29.4%
Q2 24
34.3%
20.0%
Q1 24
-24.9%
3.2%
Capex Intensity
FF
FF
SPOK
SPOK
Q4 25
12.2%
4.1%
Q3 25
23.5%
1.6%
Q2 25
15.3%
2.9%
Q1 25
22.8%
2.1%
Q4 24
6.6%
2.5%
Q3 24
10.4%
2.4%
Q2 24
4.1%
1.9%
Q1 24
3.9%
2.5%
Cash Conversion
FF
FF
SPOK
SPOK
Q4 25
3.93×
Q3 25
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
-5.94×
2.31×
Q3 24
3.03×
Q2 24
2.90×
2.17×
Q1 24
-2.82×
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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