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Side-by-side financial comparison of Five Point Holdings, LLC (FPH) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $13.6M, roughly 2.0× Five Point Holdings, LLC). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -34.6%, a 18.2% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 3.2%). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs -48.5%).

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.

FPH vs OWLT — Head-to-Head

Bigger by revenue
OWLT
OWLT
2.0× larger
OWLT
$26.6M
$13.6M
FPH
Growing faster (revenue YoY)
OWLT
OWLT
+26.4% gap
OWLT
29.6%
3.2%
FPH
Higher net margin
FPH
FPH
18.2% more per $
FPH
-16.4%
-34.6%
OWLT
Faster 2-yr revenue CAGR
OWLT
OWLT
Annualised
OWLT
34.2%
-48.5%
FPH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FPH
FPH
OWLT
OWLT
Revenue
$13.6M
$26.6M
Net Profit
$-2.2M
$-9.2M
Gross Margin
47.6%
Operating Margin
-43.5%
-18.4%
Net Margin
-16.4%
-34.6%
Revenue YoY
3.2%
29.6%
Net Profit YoY
-109.6%
-1.5%
EPS (diluted)

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
FPH
FPH
OWLT
OWLT
Q1 26
$13.6M
Q4 25
$75.9M
$26.6M
Q3 25
$13.5M
$32.0M
Q2 25
$7.5M
$26.1M
Q1 25
$13.2M
$21.1M
Q4 24
$159.8M
$20.5M
Q3 24
$17.0M
$22.1M
Q2 24
$51.2M
$20.7M
Net Profit
FPH
FPH
OWLT
OWLT
Q1 26
$-2.2M
Q4 25
$58.7M
$-9.2M
Q3 25
$21.1M
$4.1M
Q2 25
$3.3M
$-37.6M
Q1 25
$23.3M
$3.0M
Q4 24
$121.0M
$-9.1M
Q3 24
$4.8M
$-5.6M
Q2 24
$14.7M
$-1.1M
Gross Margin
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Operating Margin
FPH
FPH
OWLT
OWLT
Q1 26
-43.5%
Q4 25
89.0%
-18.4%
Q3 25
3.8%
Q2 25
-7.4%
Q1 25
-12.7%
Q4 24
87.5%
-36.2%
Q3 24
83.6%
-21.8%
Q2 24
86.1%
-10.8%
Net Margin
FPH
FPH
OWLT
OWLT
Q1 26
-16.4%
Q4 25
77.3%
-34.6%
Q3 25
156.2%
12.9%
Q2 25
44.4%
-144.4%
Q1 25
177.0%
14.3%
Q4 24
75.7%
-44.2%
Q3 24
28.0%
-25.4%
Q2 24
28.8%
-5.5%
EPS (diluted)
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
Q3 25
$-0.06
Q2 25
$-2.37
Q1 25
$0.11
Q4 24
$-0.15
Q3 24
$-0.61
Q2 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
FPH
FPH
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$332.6M
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$19.0M
Total Assets
$3.2B
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPH
FPH
OWLT
OWLT
Q1 26
$332.6M
Q4 25
$425.5M
$35.5M
Q3 25
$351.1M
$23.8M
Q2 25
$456.6M
$21.8M
Q1 25
$528.3M
$16.3M
Q4 24
$430.9M
$20.2M
Q3 24
$224.5M
$21.6M
Q2 24
$217.4M
$15.4M
Total Debt
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Stockholders' Equity
FPH
FPH
OWLT
OWLT
Q1 26
$2.3B
Q4 25
$2.3B
$19.0M
Q3 25
$2.3B
$-54.1M
Q2 25
$2.2B
$-59.2M
Q1 25
$2.2B
$-25.8M
Q4 24
$2.2B
$-29.8M
Q3 24
$2.0B
$-21.5M
Q2 24
$2.0B
$-33.4M
Total Assets
FPH
FPH
OWLT
OWLT
Q1 26
$3.2B
Q4 25
$3.2B
$85.6M
Q3 25
$3.2B
$74.9M
Q2 25
$3.2B
$63.5M
Q1 25
$3.2B
$51.4M
Q4 24
$3.1B
$49.5M
Q3 24
$2.9B
$56.1M
Q2 24
$2.9B
$45.9M

Cash Flow & Capital Efficiency

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

Metric
FPH
FPH
OWLT
OWLT
Operating Cash FlowLast quarter
$-44.5M
$-452.0K
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPH
FPH
OWLT
OWLT
Q1 26
$-44.5M
Q4 25
$105.2M
$-452.0K
Q3 25
$40.4M
$-2.2M
Q2 25
$-71.6M
$-2.2M
Q1 25
$56.7M
$-5.9M
Q4 24
$116.0M
$3.0M
Q3 24
$-18.0M
$-7.5M
Q2 24
$-23.2M
$-3.4M
Free Cash Flow
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
$105.0M
$-651.0K
Q3 25
$-2.2M
Q2 25
$-71.7M
$-2.3M
Q1 25
$56.7M
$-5.9M
Q4 24
$115.2M
$3.0M
Q3 24
$-18.2M
$-7.5M
Q2 24
$-23.6M
$-3.4M
FCF Margin
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
138.4%
-2.5%
Q3 25
-6.8%
Q2 25
-959.3%
-8.8%
Q1 25
430.9%
-28.1%
Q4 24
72.1%
14.5%
Q3 24
-106.9%
-33.9%
Q2 24
-46.1%
-16.3%
Capex Intensity
FPH
FPH
OWLT
OWLT
Q1 26
0.0%
Q4 25
0.3%
0.7%
Q3 25
0.0%
0.0%
Q2 25
0.8%
0.2%
Q1 25
0.3%
0.0%
Q4 24
0.5%
0.2%
Q3 24
1.3%
0.0%
Q2 24
0.7%
0.0%
Cash Conversion
FPH
FPH
OWLT
OWLT
Q1 26
Q4 25
1.79×
Q3 25
1.92×
-0.52×
Q2 25
-21.58×
Q1 25
2.44×
-1.96×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FPH
FPH

Segment breakdown not available.

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

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