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

SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $10.9M, roughly 1.3× FRP HOLDINGS, INC.). FRP HOLDINGS, INC. runs the higher net margin — 1.3% vs -17.0%, a 18.3% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 3.6%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-21.5M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.

SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.

FRPH vs SSII — Head-to-Head

Bigger by revenue
SSII
SSII
1.3× larger
SSII
$14.5M
$10.9M
FRPH
Growing faster (revenue YoY)
SSII
SSII
+75.4% gap
SSII
79.1%
3.6%
FRPH
Higher net margin
FRPH
FRPH
18.3% more per $
FRPH
1.3%
-17.0%
SSII
More free cash flow
SSII
SSII
$18.2M more FCF
SSII
$-3.2M
$-21.5M
FRPH
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
3.8%
FRPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FRPH
FRPH
SSII
SSII
Revenue
$10.9M
$14.5M
Net Profit
$139.0K
$-2.5M
Gross Margin
43.9%
Operating Margin
15.4%
-3.7%
Net Margin
1.3%
-17.0%
Revenue YoY
3.6%
79.1%
Net Profit YoY
-91.8%
-28.5%
EPS (diluted)
$0.03
$-0.01

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
SSII
SSII
Q4 25
$10.9M
$14.5M
Q3 25
$10.8M
$12.8M
Q2 25
$10.8M
$10.0M
Q1 25
$10.3M
$5.1M
Q4 24
$10.5M
$8.1M
Q3 24
$10.6M
$4.4M
Q2 24
$10.5M
$4.5M
Q1 24
$10.1M
$3.6M
Net Profit
FRPH
FRPH
SSII
SSII
Q4 25
$139.0K
$-2.5M
Q3 25
$662.0K
$-3.7M
Q2 25
$578.0K
$-256.7K
Q1 25
$1.7M
$-5.7M
Q4 24
$1.7M
$-1.9M
Q3 24
$1.4M
$-3.2M
Q2 24
$2.0M
$-4.1M
Q1 24
$1.3M
$-9.8M
Gross Margin
FRPH
FRPH
SSII
SSII
Q4 25
43.9%
Q3 25
48.1%
Q2 25
59.1%
Q1 25
21.2%
Q4 24
48.9%
Q3 24
52.8%
Q2 24
31.9%
Q1 24
20.0%
Operating Margin
FRPH
FRPH
SSII
SSII
Q4 25
15.4%
-3.7%
Q3 25
12.6%
-14.3%
Q2 25
15.3%
1.0%
Q1 25
22.6%
-115.6%
Q4 24
27.7%
-22.7%
Q3 24
29.0%
-73.1%
Q2 24
26.9%
-90.9%
Q1 24
28.4%
-270.3%
Net Margin
FRPH
FRPH
SSII
SSII
Q4 25
1.3%
-17.0%
Q3 25
6.1%
-29.0%
Q2 25
5.3%
-2.6%
Q1 25
16.6%
-111.0%
Q4 24
16.0%
-23.7%
Q3 24
12.8%
-74.0%
Q2 24
19.5%
-91.8%
Q1 24
12.8%
-270.5%
EPS (diluted)
FRPH
FRPH
SSII
SSII
Q4 25
$0.03
$-0.01
Q3 25
$0.03
$-0.02
Q2 25
$0.03
$0.00
Q1 25
$0.09
$-0.03
Q4 24
$0.09
$-0.01
Q3 24
$0.07
$-0.02
Q2 24
$0.11
$-0.02
Q1 24
$0.07
$-0.06

Balance Sheet & Financial Strength

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

Metric
FRPH
FRPH
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$3.2M
Total DebtLower is stronger
$192.6M
Stockholders' EquityBook value
$428.5M
$38.2M
Total Assets
$735.1M
$74.2M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRPH
FRPH
SSII
SSII
Q4 25
$3.2M
Q3 25
$134.9M
$5.7M
Q2 25
$153.2M
$11.4M
Q1 25
$142.9M
$15.9M
Q4 24
$148.6M
$466.5K
Q3 24
$144.7M
$220.4K
Q2 24
$156.9M
$608.2K
Q1 24
$152.5M
$948.1K
Total Debt
FRPH
FRPH
SSII
SSII
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
SSII
SSII
Q4 25
$428.5M
$38.2M
Q3 25
$427.7M
$39.6M
Q2 25
$426.7M
$42.0M
Q1 25
$425.2M
$40.6M
Q4 24
$423.1M
$13.5M
Q3 24
$420.9M
$13.7M
Q2 24
$419.1M
$14.8M
Q1 24
$416.1M
$16.7M
Total Assets
FRPH
FRPH
SSII
SSII
Q4 25
$735.1M
$74.2M
Q3 25
$731.3M
$69.6M
Q2 25
$722.8M
$70.0M
Q1 25
$717.1M
$63.5M
Q4 24
$728.5M
$42.4M
Q3 24
$726.9M
$39.0M
Q2 24
$711.9M
$35.7M
Q1 24
$705.7M
$35.2M
Debt / Equity
FRPH
FRPH
SSII
SSII
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
SSII
SSII
Operating Cash FlowLast quarter
$29.7M
$-1.5M
Free Cash FlowOCF − Capex
$-21.5M
$-3.2M
FCF MarginFCF / Revenue
-196.6%
-22.3%
Capex IntensityCapex / Revenue
468.5%
11.8%
Cash ConversionOCF / Net Profit
213.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.4M
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRPH
FRPH
SSII
SSII
Q4 25
$29.7M
$-1.5M
Q3 25
$8.1M
$-7.5M
Q2 25
$8.7M
$-3.5M
Q1 25
$4.5M
$-6.1M
Q4 24
$29.0M
$-3.3M
Q3 24
$6.3M
$-2.5M
Q2 24
$12.2M
$-1.0M
Q1 24
$2.9M
$-2.7M
Free Cash Flow
FRPH
FRPH
SSII
SSII
Q4 25
$-21.5M
$-3.2M
Q3 25
$-16.9M
$-8.2M
Q2 25
$2.6M
$-3.8M
Q1 25
$1.4M
$-7.0M
Q4 24
$-22.2M
$-3.4M
Q3 24
$-28.2M
$-4.2M
Q2 24
$5.9M
$-3.1M
Q1 24
$-3.3M
$-2.8M
FCF Margin
FRPH
FRPH
SSII
SSII
Q4 25
-196.6%
-22.3%
Q3 25
-157.0%
-64.1%
Q2 25
24.0%
-37.7%
Q1 25
13.6%
-136.2%
Q4 24
-210.9%
-41.7%
Q3 24
-265.7%
-96.9%
Q2 24
56.0%
-69.5%
Q1 24
-32.6%
-76.9%
Capex Intensity
FRPH
FRPH
SSII
SSII
Q4 25
468.5%
11.8%
Q3 25
232.0%
5.9%
Q2 25
55.9%
3.2%
Q1 25
30.1%
17.0%
Q4 24
486.1%
1.5%
Q3 24
325.1%
38.8%
Q2 24
60.3%
46.8%
Q1 24
61.2%
3.5%
Cash Conversion
FRPH
FRPH
SSII
SSII
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%

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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