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Side-by-side financial comparison of FRANKLIN FINANCIAL SERVICES CORP (FRAF) and LIGHTPATH TECHNOLOGIES INC (LPTH). Click either name above to swap in a different company.

FRANKLIN FINANCIAL SERVICES CORP is the larger business by last-quarter revenue ($23.3M vs $16.4M, roughly 1.4× LIGHTPATH TECHNOLOGIES INC). FRANKLIN FINANCIAL SERVICES CORP runs the higher net margin — 25.9% vs -57.5%, a 83.4% gap on every dollar of revenue. On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs 51.5%). Over the past eight quarters, LIGHTPATH TECHNOLOGIES INC's revenue compounded faster (45.7% CAGR vs 14.6%).

Franklin Financial Services Corp (Pennsylvania) is a U.S. regional bank holding company primarily operating across Pennsylvania. It provides comprehensive retail and commercial banking services, including deposit products, personal and business loans, mortgage financing, and wealth management solutions for individual consumers, small local businesses and regional institutional clients.

LightPath Technologies Inc designs, manufactures and distributes high-precision optical components and assemblies, including aspheric lenses, infrared optics, and fiber optic products. It serves global clients across industrial automation, aerospace, defense, medical imaging, and telecommunications sectors.

FRAF vs LPTH — Head-to-Head

Bigger by revenue
FRAF
FRAF
1.4× larger
FRAF
$23.3M
$16.4M
LPTH
Growing faster (revenue YoY)
LPTH
LPTH
+68.7% gap
LPTH
120.2%
51.5%
FRAF
Higher net margin
FRAF
FRAF
83.4% more per $
FRAF
25.9%
-57.5%
LPTH
Faster 2-yr revenue CAGR
LPTH
LPTH
Annualised
LPTH
45.7%
14.6%
FRAF

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FRAF
FRAF
LPTH
LPTH
Revenue
$23.3M
$16.4M
Net Profit
$6.0M
$-9.4M
Gross Margin
36.8%
Operating Margin
32.1%
-52.6%
Net Margin
25.9%
-57.5%
Revenue YoY
51.5%
120.2%
Net Profit YoY
1140.7%
-260.1%
EPS (diluted)
$1.35
$-0.20

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
FRAF
FRAF
LPTH
LPTH
Q4 25
$23.3M
$16.4M
Q3 25
$23.0M
$15.1M
Q2 25
$22.3M
$12.2M
Q1 25
$20.2M
$9.2M
Q4 24
$15.4M
$7.4M
Q3 24
$19.5M
$8.4M
Q2 24
$18.6M
$8.6M
Q1 24
$17.7M
$7.7M
Net Profit
FRAF
FRAF
LPTH
LPTH
Q4 25
$6.0M
$-9.4M
Q3 25
$5.4M
$-2.9M
Q2 25
$5.9M
$-7.1M
Q1 25
$3.9M
$-3.6M
Q4 24
$487.0K
$-2.6M
Q3 24
$4.2M
$-1.6M
Q2 24
$3.0M
$-2.4M
Q1 24
$3.4M
$-2.6M
Gross Margin
FRAF
FRAF
LPTH
LPTH
Q4 25
36.8%
Q3 25
29.8%
Q2 25
22.0%
Q1 25
29.1%
Q4 24
26.0%
Q3 24
33.9%
Q2 24
29.2%
Q1 24
20.9%
Operating Margin
FRAF
FRAF
LPTH
LPTH
Q4 25
32.1%
-52.6%
Q3 25
28.9%
-16.6%
Q2 25
32.8%
-38.0%
Q1 25
23.9%
-36.3%
Q4 24
3.4%
-33.5%
Q3 24
26.2%
-16.4%
Q2 24
19.8%
-25.6%
Q1 24
22.6%
-33.6%
Net Margin
FRAF
FRAF
LPTH
LPTH
Q4 25
25.9%
-57.5%
Q3 25
23.3%
-19.2%
Q2 25
26.4%
-57.8%
Q1 25
19.4%
-39.1%
Q4 24
3.2%
-35.2%
Q3 24
21.6%
-19.3%
Q2 24
16.3%
-27.3%
Q1 24
18.9%
-33.7%
EPS (diluted)
FRAF
FRAF
LPTH
LPTH
Q4 25
$1.35
$-0.20
Q3 25
$1.19
$-0.07
Q2 25
$1.32
$0.19
Q1 25
$0.88
$-0.44
Q4 24
$0.13
$-0.07
Q3 24
$0.95
$-0.04
Q2 24
$0.66
$-0.15
Q1 24
$0.77
$-0.07

Balance Sheet & Financial Strength

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

Metric
FRAF
FRAF
LPTH
LPTH
Cash + ST InvestmentsLiquidity on hand
$127.7M
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$175.2M
$77.9M
Total Assets
$2.2B
$148.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRAF
FRAF
LPTH
LPTH
Q4 25
$127.7M
$73.6M
Q3 25
$188.1M
Q2 25
$207.8M
$4.9M
Q1 25
$225.0M
Q4 24
$203.6M
Q3 24
$236.3M
Q2 24
$179.7M
Q1 24
$182.6M
Total Debt
FRAF
FRAF
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
FRAF
FRAF
LPTH
LPTH
Q4 25
$175.2M
$77.9M
Q3 25
$166.3M
$21.4M
Q2 25
$157.4M
$15.6M
Q1 25
$151.4M
$15.7M
Q4 24
$144.7M
$26.7M
Q3 24
$149.9M
$29.4M
Q2 24
$136.8M
$30.2M
Q1 24
$134.2M
$31.7M
Total Assets
FRAF
FRAF
LPTH
LPTH
Q4 25
$2.2B
$148.6M
Q3 25
$2.3B
$87.3M
Q2 25
$2.3B
$81.5M
Q1 25
$2.3B
$81.4M
Q4 24
$2.2B
$45.8M
Q3 24
$2.2B
$48.4M
Q2 24
$2.0B
$48.1M
Q1 24
$2.0B
$49.7M
Debt / Equity
FRAF
FRAF
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
Q1 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
FRAF
FRAF
LPTH
LPTH
Operating Cash FlowLast quarter
$25.4M
$2.8M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRAF
FRAF
LPTH
LPTH
Q4 25
$25.4M
$2.8M
Q3 25
$8.3M
$-1.1M
Q2 25
$5.1M
$-2.6M
Q1 25
$8.8M
$-3.2M
Q4 24
$21.8M
$-737.4K
Q3 24
$7.8M
$-1.7M
Q2 24
$2.4M
$64.7K
Q1 24
$7.3M
$-394.2K
Free Cash Flow
FRAF
FRAF
LPTH
LPTH
Q4 25
$2.0M
Q3 25
$-1.2M
Q2 25
$-3.3M
Q1 25
$-3.7M
Q4 24
$-817.8K
Q3 24
$-1.8M
Q2 24
$-225.5K
Q1 24
$-802.5K
FCF Margin
FRAF
FRAF
LPTH
LPTH
Q4 25
12.0%
Q3 25
-8.1%
Q2 25
-27.3%
Q1 25
-40.0%
Q4 24
-11.0%
Q3 24
-21.2%
Q2 24
-2.6%
Q1 24
-10.4%
Capex Intensity
FRAF
FRAF
LPTH
LPTH
Q4 25
5.3%
Q3 25
0.5%
Q2 25
5.6%
Q1 25
4.6%
Q4 24
1.1%
Q3 24
0.9%
Q2 24
3.4%
Q1 24
5.3%
Cash Conversion
FRAF
FRAF
LPTH
LPTH
Q4 25
4.21×
Q3 25
1.55×
Q2 25
0.87×
Q1 25
2.25×
Q4 24
44.67×
Q3 24
1.85×
Q2 24
0.80×
Q1 24
2.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRAF
FRAF

Segment breakdown not available.

LPTH
LPTH

Other$7.9M48%
Infrared Components$5.0M31%
Visible Components$3.4M21%

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