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

FRP HOLDINGS, INC. is the larger business by last-quarter revenue ($10.9M vs $6.2M, roughly 1.7× Satellogic Inc.). Satellogic Inc. runs the higher net margin — 488.0% vs 1.3%, a 486.7% gap on every dollar of revenue. Satellogic Inc. produced more free cash flow last quarter ($-12.8M vs $-21.5M).

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.

Satellogic Inc. is an American company specializing in Earth-observation satellites, founded in 2010 by Emiliano Kargieman and Gerardo Richarte.

FRPH vs SATL — Head-to-Head

Bigger by revenue
FRPH
FRPH
1.7× larger
FRPH
$10.9M
$6.2M
SATL
Higher net margin
SATL
SATL
486.7% more per $
SATL
488.0%
1.3%
FRPH
More free cash flow
SATL
SATL
$8.7M more FCF
SATL
$-12.8M
$-21.5M
FRPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRPH
FRPH
SATL
SATL
Revenue
$10.9M
$6.2M
Net Profit
$139.0K
$30.5M
Gross Margin
Operating Margin
15.4%
-114.2%
Net Margin
1.3%
488.0%
Revenue YoY
3.6%
Net Profit YoY
-91.8%
EPS (diluted)
$0.03
$0.24

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
SATL
SATL
Q4 25
$10.9M
$6.2M
Q3 25
$10.8M
$3.6M
Q2 25
$10.8M
$4.4M
Q1 25
$10.3M
$3.4M
Q4 24
$10.5M
Q3 24
$10.6M
Q2 24
$10.5M
$3.5M
Q1 24
$10.1M
Net Profit
FRPH
FRPH
SATL
SATL
Q4 25
$139.0K
$30.5M
Q3 25
$662.0K
$4.0M
Q2 25
$578.0K
$-6.7M
Q1 25
$1.7M
$-32.6M
Q4 24
$1.7M
Q3 24
$1.4M
Q2 24
$2.0M
$-18.1M
Q1 24
$1.3M
Operating Margin
FRPH
FRPH
SATL
SATL
Q4 25
15.4%
-114.2%
Q3 25
12.6%
-222.5%
Q2 25
15.3%
-141.6%
Q1 25
22.6%
-280.9%
Q4 24
27.7%
Q3 24
29.0%
Q2 24
26.9%
-419.2%
Q1 24
28.4%
Net Margin
FRPH
FRPH
SATL
SATL
Q4 25
1.3%
488.0%
Q3 25
6.1%
109.2%
Q2 25
5.3%
-149.8%
Q1 25
16.6%
-961.9%
Q4 24
16.0%
Q3 24
12.8%
Q2 24
19.5%
-517.0%
Q1 24
12.8%
EPS (diluted)
FRPH
FRPH
SATL
SATL
Q4 25
$0.03
$0.24
Q3 25
$0.03
$-0.02
Q2 25
$0.03
$-0.06
Q1 25
$0.09
$-0.34
Q4 24
$0.09
Q3 24
$0.07
Q2 24
$0.11
$-0.20
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
SATL
SATL
Cash + ST InvestmentsLiquidity on hand
$94.4M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$428.5M
$60.5M
Total Assets
$735.1M
$151.3M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
SATL
SATL
Q4 25
$94.4M
Q3 25
$134.9M
$28.3M
Q2 25
$153.2M
$32.6M
Q1 25
$142.9M
$17.7M
Q4 24
$148.6M
Q3 24
$144.7M
Q2 24
$156.9M
$25.6M
Q1 24
$152.5M
Total Debt
FRPH
FRPH
SATL
SATL
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
SATL
SATL
Q4 25
$428.5M
$60.5M
Q3 25
$427.7M
$-56.9M
Q2 25
$426.7M
$-68.1M
Q1 25
$425.2M
$-83.1M
Q4 24
$423.1M
Q3 24
$420.9M
Q2 24
$419.1M
$19.1M
Q1 24
$416.1M
Total Assets
FRPH
FRPH
SATL
SATL
Q4 25
$735.1M
$151.3M
Q3 25
$731.3M
$70.9M
Q2 25
$722.8M
$73.8M
Q1 25
$717.1M
$61.4M
Q4 24
$728.5M
Q3 24
$726.9M
Q2 24
$711.9M
$76.6M
Q1 24
$705.7M
Debt / Equity
FRPH
FRPH
SATL
SATL
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
SATL
SATL
Operating Cash FlowLast quarter
$29.7M
$-9.5M
Free Cash FlowOCF − Capex
$-21.5M
$-12.8M
FCF MarginFCF / Revenue
-196.6%
-204.9%
Capex IntensityCapex / Revenue
468.5%
53.6%
Cash ConversionOCF / Net Profit
213.50×
-0.31×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
SATL
SATL
Q4 25
$29.7M
$-9.5M
Q3 25
$8.1M
$-8.4M
Q2 25
$8.7M
$-4.3M
Q1 25
$4.5M
$-4.7M
Q4 24
$29.0M
Q3 24
$6.3M
Q2 24
$12.2M
Q1 24
$2.9M
Free Cash Flow
FRPH
FRPH
SATL
SATL
Q4 25
$-21.5M
$-12.8M
Q3 25
$-16.9M
$-9.7M
Q2 25
$2.6M
$-5.1M
Q1 25
$1.4M
$-6.6M
Q4 24
$-22.2M
Q3 24
$-28.2M
Q2 24
$5.9M
Q1 24
$-3.3M
FCF Margin
FRPH
FRPH
SATL
SATL
Q4 25
-196.6%
-204.9%
Q3 25
-157.0%
-267.2%
Q2 25
24.0%
-115.3%
Q1 25
13.6%
-195.9%
Q4 24
-210.9%
Q3 24
-265.7%
Q2 24
56.0%
Q1 24
-32.6%
Capex Intensity
FRPH
FRPH
SATL
SATL
Q4 25
468.5%
53.6%
Q3 25
232.0%
36.8%
Q2 25
55.9%
17.5%
Q1 25
30.1%
56.5%
Q4 24
486.1%
Q3 24
325.1%
Q2 24
60.3%
Q1 24
61.2%
Cash Conversion
FRPH
FRPH
SATL
SATL
Q4 25
213.50×
-0.31×
Q3 25
12.21×
-2.11×
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%

SATL
SATL

Transferred At Point In Time$5.7M91%
Other$547.0K9%

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