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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Pulmonx Corp (LUNG). 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 $20.6M, roughly 1.3× Pulmonx Corp). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -66.3%, a 38.2% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -8.7%). Over the past eight quarters, Pulmonx Corp's revenue compounded faster (-0.5% 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.
Pulmonx Corp is a global medical tech firm focused on interventional pulmonology solutions. It develops minimally invasive endobronchial valves to treat severe COPD and emphysema, with products sold across North America, Europe, and Asia-Pacific for patients with advanced lung conditions.
FSP vs LUNG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $20.6M |
| Net Profit | $-7.3M | $-13.7M |
| Gross Margin | 59.4% | 77.9% |
| Operating Margin | -27.9% | -40.9% |
| Net Margin | -28.1% | -66.3% |
| Revenue YoY | -8.2% | -8.7% |
| Net Profit YoY | 14.1% | 5.5% |
| EPS (diluted) | $-0.06 | $-0.33 |
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.
| Q1 26 | — | $20.6M | ||
| Q4 25 | $26.0M | $22.6M | ||
| Q3 25 | $27.3M | $21.5M | ||
| Q2 25 | $26.7M | $23.9M | ||
| Q1 25 | $27.1M | $22.5M | ||
| Q4 24 | $28.4M | $23.8M | ||
| Q3 24 | $29.7M | $20.4M | ||
| Q2 24 | $30.8M | $20.8M |
| Q1 26 | — | $-13.7M | ||
| Q4 25 | $-7.3M | $-10.4M | ||
| Q3 25 | $-8.3M | $-14.0M | ||
| Q2 25 | $-7.9M | $-15.2M | ||
| Q1 25 | $-21.4M | $-14.4M | ||
| Q4 24 | $-8.5M | $-13.2M | ||
| Q3 24 | $-15.6M | $-14.1M | ||
| Q2 24 | $-21.0M | $-15.3M |
| Q1 26 | — | 77.9% | ||
| Q4 25 | 59.4% | 77.6% | ||
| Q3 25 | 60.9% | 74.7% | ||
| Q2 25 | 59.9% | 72.1% | ||
| Q1 25 | 62.8% | 72.5% | ||
| Q4 24 | 59.7% | 74.0% | ||
| Q3 24 | 61.0% | 73.7% | ||
| Q2 24 | 64.2% | 73.7% |
| Q1 26 | — | -40.9% | ||
| Q4 25 | -27.9% | -43.8% | ||
| Q3 25 | -30.5% | -66.9% | ||
| Q2 25 | -29.2% | -62.0% | ||
| Q1 25 | -78.9% | -64.6% | ||
| Q4 24 | -29.9% | -56.5% | ||
| Q3 24 | -52.4% | -69.3% | ||
| Q2 24 | -68.0% | -75.2% |
| Q1 26 | — | -66.3% | ||
| Q4 25 | -28.1% | -46.1% | ||
| Q3 25 | -30.5% | -64.9% | ||
| Q2 25 | -29.5% | -63.6% | ||
| Q1 25 | -79.1% | -64.1% | ||
| Q4 24 | -30.0% | -55.4% | ||
| Q3 24 | -52.6% | -69.4% | ||
| Q2 24 | -68.2% | -73.7% |
| Q1 26 | — | $-0.33 | ||
| Q4 25 | $-0.06 | $-0.25 | ||
| Q3 25 | $-0.08 | $-0.34 | ||
| Q2 25 | $-0.08 | $-0.38 | ||
| Q1 25 | $-0.21 | $-0.36 | ||
| Q4 24 | $-0.09 | $-0.33 | ||
| Q3 24 | $-0.15 | $-0.36 | ||
| Q2 24 | $-0.20 | $-0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $30.6M | $61.6M |
| Total DebtLower is stronger | — | $37.3M |
| Stockholders' EquityBook value | $607.0M | $45.8M |
| Total Assets | $892.9M | $120.0M |
| Debt / EquityLower = less leverage | — | 0.82× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.6M | ||
| Q4 25 | $30.6M | $69.8M | ||
| Q3 25 | $31.4M | $76.5M | ||
| Q2 25 | $29.4M | $75.5M | ||
| Q1 25 | $30.2M | $74.6M | ||
| Q4 24 | $41.1M | $70.9M | ||
| Q3 24 | $40.9M | $63.3M | ||
| Q2 24 | $30.2M | $63.5M |
| Q1 26 | — | $37.3M | ||
| Q4 25 | — | $37.1M | ||
| Q3 25 | — | $37.1M | ||
| Q2 25 | — | $37.1M | ||
| Q1 25 | — | $37.2M | ||
| Q4 24 | — | $37.2M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | — | $37.2M |
| Q1 26 | — | $45.8M | ||
| Q4 25 | $607.0M | $54.1M | ||
| Q3 25 | $615.3M | $60.0M | ||
| Q2 25 | $624.7M | $69.1M | ||
| Q1 25 | $633.4M | $77.7M | ||
| Q4 24 | $655.9M | $85.8M | ||
| Q3 24 | $665.4M | $93.9M | ||
| Q2 24 | $682.1M | $101.2M |
| Q1 26 | — | $120.0M | ||
| Q4 25 | $892.9M | $129.3M | ||
| Q3 25 | $901.0M | $138.3M | ||
| Q2 25 | $903.2M | $147.2M | ||
| Q1 25 | $916.4M | $150.7M | ||
| Q4 24 | $946.9M | $162.8M | ||
| Q3 24 | $981.5M | $167.4M | ||
| Q2 24 | $1.0B | $172.6M |
| Q1 26 | — | 0.82× | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.37× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.8M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $3.8M | $-7.1M | ||
| Q3 25 | $8.3M | $-8.2M | ||
| Q2 25 | $-2.9M | $-3.9M | ||
| Q1 25 | $-5.5M | $-13.2M | ||
| Q4 24 | $9.0M | $-6.7M | ||
| Q3 24 | $14.5M | $-7.2M | ||
| Q2 24 | $-648.0K | $-5.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-12.7M | $-7.1M | ||
| Q3 25 | $3.0M | $-8.3M | ||
| Q2 25 | $-5.7M | $-4.0M | ||
| Q1 25 | $-9.9M | $-13.5M | ||
| Q4 24 | $-16.2M | $-6.8M | ||
| Q3 24 | $8.6M | $-7.7M | ||
| Q2 24 | $-5.1M | $-6.2M |
| Q1 26 | — | — | ||
| Q4 25 | -48.6% | -31.4% | ||
| Q3 25 | 11.0% | -38.4% | ||
| Q2 25 | -21.5% | -16.6% | ||
| Q1 25 | -36.7% | -60.0% | ||
| Q4 24 | -57.2% | -28.8% | ||
| Q3 24 | 29.1% | -37.6% | ||
| Q2 24 | -16.7% | -30.0% |
| Q1 26 | — | — | ||
| Q4 25 | 63.0% | 0.1% | ||
| Q3 25 | 19.4% | 0.4% | ||
| Q2 25 | 10.7% | 0.2% | ||
| Q1 25 | 16.4% | 1.3% | ||
| Q4 24 | 88.9% | 0.5% | ||
| Q3 24 | 19.6% | 2.0% | ||
| Q2 24 | 14.6% | 2.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
