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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Greenland Technologies Holding Corp. (GTEC). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $23.9M, roughly 1.1× Greenland Technologies Holding Corp.). Greenland Technologies Holding Corp. runs the higher net margin — -6.6% vs -28.1%, a 21.5% gap on every dollar of revenue. On growth, Greenland Technologies Holding Corp. posted the faster year-over-year revenue change (23.4% vs -8.2%). Over the past eight quarters, Greenland Technologies Holding Corp.'s revenue compounded faster (2.5% CAGR vs -8.7%).

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

Greenland Technologies Holding Corp is a specialized developer and manufacturer of electric industrial vehicles, lithium-ion drivetrain systems and industrial clean energy solutions. Its core products include electric forklifts and electric construction equipment components, serving logistics, construction and industrial customers across North America and Asia Pacific.

FSP vs GTEC — Head-to-Head

Bigger by revenue
FSP
FSP
1.1× larger
FSP
$26.0M
$23.9M
GTEC
Growing faster (revenue YoY)
GTEC
GTEC
+31.6% gap
GTEC
23.4%
-8.2%
FSP
Higher net margin
GTEC
GTEC
21.5% more per $
GTEC
-6.6%
-28.1%
FSP
Faster 2-yr revenue CAGR
GTEC
GTEC
Annualised
GTEC
2.5%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSP
FSP
GTEC
GTEC
Revenue
$26.0M
$23.9M
Net Profit
$-7.3M
$-1.6M
Gross Margin
59.4%
35.4%
Operating Margin
-27.9%
-0.1%
Net Margin
-28.1%
-6.6%
Revenue YoY
-8.2%
23.4%
Net Profit YoY
14.1%
-120.8%
EPS (diluted)
$-0.06
$-0.11

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
FSP
FSP
GTEC
GTEC
Q4 25
$26.0M
$23.9M
Q3 25
$27.3M
$23.4M
Q2 25
$26.7M
$21.7M
Q1 25
$27.1M
$21.7M
Q4 24
$28.4M
$19.4M
Q3 24
$29.7M
$18.8M
Q2 24
$30.8M
$23.0M
Q1 24
$31.2M
$22.7M
Net Profit
FSP
FSP
GTEC
GTEC
Q4 25
$-7.3M
$-1.6M
Q3 25
$-8.3M
$5.7M
Q2 25
$-7.9M
$-3.2M
Q1 25
$-21.4M
$4.0M
Q4 24
$-8.5M
$7.6M
Q3 24
$-15.6M
$-684.4K
Q2 24
$-21.0M
$4.7M
Q1 24
$-7.6M
$2.5M
Gross Margin
FSP
FSP
GTEC
GTEC
Q4 25
59.4%
35.4%
Q3 25
60.9%
32.4%
Q2 25
59.9%
26.5%
Q1 25
62.8%
30.7%
Q4 24
59.7%
26.6%
Q3 24
61.0%
26.4%
Q2 24
64.2%
29.4%
Q1 24
64.7%
24.9%
Operating Margin
FSP
FSP
GTEC
GTEC
Q4 25
-27.9%
-0.1%
Q3 25
-30.5%
21.6%
Q2 25
-29.2%
-10.7%
Q1 25
-78.9%
22.2%
Q4 24
-29.9%
19.4%
Q3 24
-52.4%
15.5%
Q2 24
-68.0%
17.3%
Q1 24
-24.0%
8.5%
Net Margin
FSP
FSP
GTEC
GTEC
Q4 25
-28.1%
-6.6%
Q3 25
-30.5%
24.5%
Q2 25
-29.5%
-14.8%
Q1 25
-79.1%
18.5%
Q4 24
-30.0%
39.2%
Q3 24
-52.6%
-3.6%
Q2 24
-68.2%
20.2%
Q1 24
-24.2%
11.0%
EPS (diluted)
FSP
FSP
GTEC
GTEC
Q4 25
$-0.06
$-0.11
Q3 25
$-0.08
$0.33
Q2 25
$-0.08
$-0.20
Q1 25
$-0.21
$0.29
Q4 24
$-0.09
$0.56
Q3 24
$-0.15
$-0.05
Q2 24
$-0.20
$0.34
Q1 24
$-0.07
$0.18

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
GTEC
GTEC
Cash + ST InvestmentsLiquidity on hand
$30.6M
$32.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$72.9M
Total Assets
$892.9M
$115.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
GTEC
GTEC
Q4 25
$30.6M
$32.2M
Q3 25
$31.4M
$33.0M
Q2 25
$29.4M
$23.1M
Q1 25
$30.2M
$20.2M
Q4 24
$41.1M
$25.2M
Q3 24
$40.9M
$24.7M
Q2 24
$30.2M
$22.6M
Q1 24
$34.2M
$18.8M
Stockholders' Equity
FSP
FSP
GTEC
GTEC
Q4 25
$607.0M
$72.9M
Q3 25
$615.3M
$75.4M
Q2 25
$624.7M
$69.2M
Q1 25
$633.4M
$64.6M
Q4 24
$655.9M
$60.2M
Q3 24
$665.4M
$57.1M
Q2 24
$682.1M
$56.3M
Q1 24
$703.9M
$51.9M
Total Assets
FSP
FSP
GTEC
GTEC
Q4 25
$892.9M
$115.8M
Q3 25
$901.0M
$123.4M
Q2 25
$903.2M
$123.6M
Q1 25
$916.4M
$118.6M
Q4 24
$946.9M
$115.6M
Q3 24
$981.5M
$127.5M
Q2 24
$1.0B
$126.8M
Q1 24
$1.0B
$139.2M

Cash Flow & Capital Efficiency

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

Metric
FSP
FSP
GTEC
GTEC
Operating Cash FlowLast quarter
$3.8M
$7.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
GTEC
GTEC
Q4 25
$3.8M
$7.8M
Q3 25
$8.3M
$8.3M
Q2 25
$-2.9M
$-1.7M
Q1 25
$-5.5M
$1.2M
Q4 24
$9.0M
$4.4M
Q3 24
$14.5M
$6.1M
Q2 24
$-648.0K
$11.3M
Q1 24
$-7.1M
$-8.4M
Free Cash Flow
FSP
FSP
GTEC
GTEC
Q4 25
$-12.7M
Q3 25
$3.0M
$8.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
$1.2M
Q4 24
$-16.2M
Q3 24
$8.6M
$5.8M
Q2 24
$-5.1M
Q1 24
$-15.8M
$-9.6M
FCF Margin
FSP
FSP
GTEC
GTEC
Q4 25
-48.6%
Q3 25
11.0%
34.2%
Q2 25
-21.5%
Q1 25
-36.7%
5.7%
Q4 24
-57.2%
Q3 24
29.1%
30.9%
Q2 24
-16.7%
Q1 24
-50.8%
-42.3%
Capex Intensity
FSP
FSP
GTEC
GTEC
Q4 25
63.0%
Q3 25
19.4%
1.1%
Q2 25
10.7%
Q1 25
16.4%
0.1%
Q4 24
88.9%
Q3 24
19.6%
1.2%
Q2 24
14.6%
Q1 24
28.1%
5.2%
Cash Conversion
FSP
FSP
GTEC
GTEC
Q4 25
Q3 25
1.44×
Q2 25
Q1 25
0.31×
Q4 24
0.57×
Q3 24
Q2 24
2.44×
Q1 24
-3.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSP
FSP

Segment breakdown not available.

GTEC
GTEC

Transmission Boxes For Forklift$23.1M97%
Other$758.3K3%

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