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Side-by-side financial comparison of FRP HOLDINGS, INC. (FRPH) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $10.9M, roughly 1.2× FRP HOLDINGS, INC.). FRP HOLDINGS, INC. runs the higher net margin — 1.3% vs -13.2%, a 14.4% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs 3.6%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs 3.8%).

FRP Advisory is a business advisory firm based in the United Kingdom, providing restructuring, corporate finance, debt advisory, forensic accounting and financial advisory and is one of the UK’s largest specialists in the area of corporate restructuring.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

FRPH vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.2× larger
LSF
$13.3M
$10.9M
FRPH
Growing faster (revenue YoY)
LSF
LSF
+11.4% gap
LSF
15.0%
3.6%
FRPH
Higher net margin
FRPH
FRPH
14.4% more per $
FRPH
1.3%
-13.2%
LSF
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
3.8%
FRPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRPH
FRPH
LSF
LSF
Revenue
$10.9M
$13.3M
Net Profit
$139.0K
$-1.8M
Gross Margin
34.1%
Operating Margin
15.4%
-13.5%
Net Margin
1.3%
-13.2%
Revenue YoY
3.6%
15.0%
Net Profit YoY
-91.8%
-341.4%
EPS (diluted)
$0.03

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
FRPH
FRPH
LSF
LSF
Q4 25
$10.9M
$13.3M
Q3 25
$10.8M
$12.9M
Q2 25
$10.8M
$12.0M
Q1 25
$10.3M
$11.7M
Q4 24
$10.5M
$11.6M
Q3 24
$10.6M
$11.8M
Q2 24
$10.5M
$10.0M
Q1 24
$10.1M
$9.9M
Net Profit
FRPH
FRPH
LSF
LSF
Q4 25
$139.0K
$-1.8M
Q3 25
$662.0K
$-975.1K
Q2 25
$578.0K
$-362.2K
Q1 25
$1.7M
$-156.2K
Q4 24
$1.7M
$-398.4K
Q3 24
$1.4M
$-166.1K
Q2 24
$2.0M
$-239.1K
Q1 24
$1.3M
$-1.0M
Gross Margin
FRPH
FRPH
LSF
LSF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
FRPH
FRPH
LSF
LSF
Q4 25
15.4%
-13.5%
Q3 25
12.6%
-7.7%
Q2 25
15.3%
-3.3%
Q1 25
22.6%
-1.9%
Q4 24
27.7%
-4.1%
Q3 24
29.0%
-2.3%
Q2 24
26.9%
-3.4%
Q1 24
28.4%
-11.0%
Net Margin
FRPH
FRPH
LSF
LSF
Q4 25
1.3%
-13.2%
Q3 25
6.1%
-7.6%
Q2 25
5.3%
-3.0%
Q1 25
16.6%
-1.3%
Q4 24
16.0%
-3.4%
Q3 24
12.8%
-1.4%
Q2 24
19.5%
-2.4%
Q1 24
12.8%
-10.3%
EPS (diluted)
FRPH
FRPH
LSF
LSF
Q4 25
$0.03
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.09
Q4 24
$0.09
Q3 24
$0.07
Q2 24
$0.11
Q1 24
$0.07

Balance Sheet & Financial Strength

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

Metric
FRPH
FRPH
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$428.5M
$11.5M
Total Assets
$735.1M
$19.2M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
LSF
LSF
Q4 25
$5.1M
Q3 25
$134.9M
$5.1M
Q2 25
$153.2M
$3.9M
Q1 25
$142.9M
$7.0M
Q4 24
$148.6M
$8.3M
Q3 24
$144.7M
$7.9M
Q2 24
$156.9M
$7.6M
Q1 24
$152.5M
$7.1M
Total Debt
FRPH
FRPH
LSF
LSF
Q4 25
$192.6M
Q3 25
$185.3M
Q2 25
$180.4M
Q1 25
$178.3M
Q4 24
$178.9M
Q3 24
$178.8M
Q2 24
$178.8M
Q1 24
$178.7M
Stockholders' Equity
FRPH
FRPH
LSF
LSF
Q4 25
$428.5M
$11.5M
Q3 25
$427.7M
$12.8M
Q2 25
$426.7M
$13.4M
Q1 25
$425.2M
$13.3M
Q4 24
$423.1M
$13.2M
Q3 24
$420.9M
$13.1M
Q2 24
$419.1M
$12.6M
Q1 24
$416.1M
$12.7M
Total Assets
FRPH
FRPH
LSF
LSF
Q4 25
$735.1M
$19.2M
Q3 25
$731.3M
$18.9M
Q2 25
$722.8M
$20.4M
Q1 25
$717.1M
$21.5M
Q4 24
$728.5M
$19.3M
Q3 24
$726.9M
$18.8M
Q2 24
$711.9M
$18.0M
Q1 24
$705.7M
$17.6M
Debt / Equity
FRPH
FRPH
LSF
LSF
Q4 25
0.45×
Q3 25
0.43×
Q2 25
0.42×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.43×
Q1 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
FRPH
FRPH
LSF
LSF
Operating Cash FlowLast quarter
$29.7M
$68.4K
Free Cash FlowOCF − Capex
$-21.5M
FCF MarginFCF / Revenue
-196.6%
Capex IntensityCapex / Revenue
468.5%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
LSF
LSF
Q4 25
$29.7M
$68.4K
Q3 25
$8.1M
$1.2M
Q2 25
$8.7M
$-2.8M
Q1 25
$4.5M
$-1.3M
Q4 24
$29.0M
$339.2K
Q3 24
$6.3M
$305.8K
Q2 24
$12.2M
$642.7K
Q1 24
$2.9M
$-422.3K
Free Cash Flow
FRPH
FRPH
LSF
LSF
Q4 25
$-21.5M
Q3 25
$-16.9M
Q2 25
$2.6M
Q1 25
$1.4M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$5.9M
Q1 24
$-3.3M
FCF Margin
FRPH
FRPH
LSF
LSF
Q4 25
-196.6%
Q3 25
-157.0%
Q2 25
24.0%
Q1 25
13.6%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
56.0%
Q1 24
-32.6%
Capex Intensity
FRPH
FRPH
LSF
LSF
Q4 25
468.5%
Q3 25
232.0%
Q2 25
55.9%
Q1 25
30.1%
Q4 24
486.1%
Q3 24
325.1%
Q2 24
60.3%
Q1 24
61.2%
Cash Conversion
FRPH
FRPH
LSF
LSF
Q4 25
213.50×
Q3 25
12.21×
Q2 25
15.00×
Q1 25
2.63×
Q4 24
17.18×
Q3 24
4.65×
Q2 24
5.96×
Q1 24
2.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRPH
FRPH

Other$5.6M51%
Multifamily Segment$5.3M49%

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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