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Side-by-side financial comparison of First Bancorp, Inc (FNLC) 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 $25.8M, roughly 1.3× First Bancorp, Inc). First Bancorp, Inc runs the higher net margin — 39.4% vs 8.7%, a 30.7% gap on every dollar of revenue. On growth, First Bancorp, Inc posted the faster year-over-year revenue change (17.5% vs -0.1%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $10.1M). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% CAGR vs -1.5%).

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

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.

FNLC vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.3× larger
SPOK
$33.9M
$25.8M
FNLC
Growing faster (revenue YoY)
FNLC
FNLC
+17.6% gap
FNLC
17.5%
-0.1%
SPOK
Higher net margin
FNLC
FNLC
30.7% more per $
FNLC
39.4%
8.7%
SPOK
More free cash flow
FNLC
FNLC
$24.5M more FCF
FNLC
$34.6M
$10.1M
SPOK
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNLC
FNLC
SPOK
SPOK
Revenue
$25.8M
$33.9M
Net Profit
$10.2M
$2.9M
Gross Margin
76.7%
Operating Margin
48.1%
11.6%
Net Margin
39.4%
8.7%
Revenue YoY
17.5%
-0.1%
Net Profit YoY
39.7%
-19.6%
EPS (diluted)
$0.91
$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
FNLC
FNLC
SPOK
SPOK
Q4 25
$25.8M
$33.9M
Q3 25
$24.5M
$33.9M
Q2 25
$22.5M
$35.7M
Q1 25
$21.8M
$36.3M
Q4 24
$22.0M
$33.9M
Q3 24
$20.5M
$34.9M
Q2 24
$19.2M
$34.0M
Q1 24
$18.5M
$34.9M
Net Profit
FNLC
FNLC
SPOK
SPOK
Q4 25
$10.2M
$2.9M
Q3 25
$9.1M
$3.2M
Q2 25
$8.1M
$4.6M
Q1 25
$7.1M
$5.2M
Q4 24
$7.3M
$3.6M
Q3 24
$7.6M
$3.7M
Q2 24
$6.2M
$3.4M
Q1 24
$6.0M
$4.2M
Gross Margin
FNLC
FNLC
SPOK
SPOK
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%
Operating Margin
FNLC
FNLC
SPOK
SPOK
Q4 25
48.1%
11.6%
Q3 25
45.2%
12.9%
Q2 25
43.7%
15.1%
Q1 25
39.3%
16.6%
Q4 24
39.5%
13.7%
Q3 24
44.6%
14.2%
Q2 24
38.8%
13.2%
Q1 24
39.3%
14.0%
Net Margin
FNLC
FNLC
SPOK
SPOK
Q4 25
39.4%
8.7%
Q3 25
37.0%
9.5%
Q2 25
35.8%
12.8%
Q1 25
32.5%
14.3%
Q4 24
33.1%
10.8%
Q3 24
36.9%
10.5%
Q2 24
32.1%
10.1%
Q1 24
32.5%
12.1%
EPS (diluted)
FNLC
FNLC
SPOK
SPOK
Q4 25
$0.91
$0.13
Q3 25
$0.81
$0.15
Q2 25
$0.72
$0.22
Q1 25
$0.63
$0.25
Q4 24
$0.66
$0.17
Q3 24
$0.68
$0.18
Q2 24
$0.55
$0.17
Q1 24
$0.54
$0.21

Balance Sheet & Financial Strength

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

Metric
FNLC
FNLC
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$283.1M
$146.4M
Total Assets
$3.2B
$206.1M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNLC
FNLC
SPOK
SPOK
Q4 25
$25.3M
Q3 25
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$27.8M
Q2 24
$23.9M
Q1 24
$23.3M
Total Debt
FNLC
FNLC
SPOK
SPOK
Q4 25
$95.5M
Q3 25
$95.5M
Q2 25
$95.0M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$95.0M
Q2 24
$70.0M
Q1 24
$70.0M
Stockholders' Equity
FNLC
FNLC
SPOK
SPOK
Q4 25
$283.1M
$146.4M
Q3 25
$274.6M
$148.7M
Q2 25
$265.5M
$150.9M
Q1 25
$259.7M
$151.7M
Q4 24
$252.5M
$154.7M
Q3 24
$256.8M
$156.3M
Q2 24
$244.7M
$158.2M
Q1 24
$242.6M
$160.2M
Total Assets
FNLC
FNLC
SPOK
SPOK
Q4 25
$3.2B
$206.1M
Q3 25
$3.2B
$209.7M
Q2 25
$3.2B
$208.7M
Q1 25
$3.2B
$204.5M
Q4 24
$3.2B
$217.1M
Q3 24
$3.1B
$216.8M
Q2 24
$3.1B
$216.4M
Q1 24
$3.0B
$215.0M
Debt / Equity
FNLC
FNLC
SPOK
SPOK
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
FNLC
FNLC
SPOK
SPOK
Operating Cash FlowLast quarter
$37.8M
$11.5M
Free Cash FlowOCF − Capex
$34.6M
$10.1M
FCF MarginFCF / Revenue
133.9%
29.9%
Capex IntensityCapex / Revenue
12.5%
4.1%
Cash ConversionOCF / Net Profit
3.72×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$55.3M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNLC
FNLC
SPOK
SPOK
Q4 25
$37.8M
$11.5M
Q3 25
$12.9M
$8.1M
Q2 25
$7.4M
$7.0M
Q1 25
$2.2M
$2.3M
Q4 24
$26.0M
$8.4M
Q3 24
$9.8M
$11.1M
Q2 24
$6.4M
$7.4M
Q1 24
$-1.5M
$2.0M
Free Cash Flow
FNLC
FNLC
SPOK
SPOK
Q4 25
$34.6M
$10.1M
Q3 25
$12.6M
$7.6M
Q2 25
$7.2M
$6.0M
Q1 25
$828.0K
$1.5M
Q4 24
$24.6M
$7.5M
Q3 24
$9.6M
$10.3M
Q2 24
$6.3M
$6.8M
Q1 24
$-1.8M
$1.1M
FCF Margin
FNLC
FNLC
SPOK
SPOK
Q4 25
133.9%
29.9%
Q3 25
51.4%
22.4%
Q2 25
32.1%
16.8%
Q1 25
3.8%
4.2%
Q4 24
111.7%
22.3%
Q3 24
47.0%
29.4%
Q2 24
32.9%
20.0%
Q1 24
-9.8%
3.2%
Capex Intensity
FNLC
FNLC
SPOK
SPOK
Q4 25
12.5%
4.1%
Q3 25
1.2%
1.6%
Q2 25
0.6%
2.9%
Q1 25
6.2%
2.1%
Q4 24
6.7%
2.5%
Q3 24
0.5%
2.4%
Q2 24
0.3%
1.9%
Q1 24
1.8%
2.5%
Cash Conversion
FNLC
FNLC
SPOK
SPOK
Q4 25
3.72×
3.93×
Q3 25
1.42×
2.54×
Q2 25
0.91×
1.55×
Q1 25
0.31×
0.43×
Q4 24
3.58×
2.31×
Q3 24
1.29×
3.03×
Q2 24
1.03×
2.17×
Q1 24
-0.25×
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNLC
FNLC

Segment breakdown not available.

SPOK
SPOK

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

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