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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $26.0M, roughly 1.9× FRANKLIN STREET PROPERTIES CORP). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -71.6%, a 43.4% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -11.8%). FRANKLIN STREET PROPERTIES CORP produced more free cash flow last quarter ($-12.7M vs $-24.9M). Over the past eight quarters, FRANKLIN STREET PROPERTIES CORP's revenue compounded faster (-8.7% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
FSP vs MRVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $49.9M |
| Net Profit | $-7.3M | $-35.7M |
| Gross Margin | 59.4% | 25.8% |
| Operating Margin | -27.9% | -117.9% |
| Net Margin | -28.1% | -71.6% |
| Revenue YoY | -8.2% | -11.8% |
| Net Profit YoY | 14.1% | -37.7% |
| EPS (diluted) | $-0.06 | $-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.
| Q4 25 | $26.0M | $49.9M | ||
| Q3 25 | $27.3M | $41.6M | ||
| Q2 25 | $26.7M | $47.4M | ||
| Q1 25 | $27.1M | $46.9M | ||
| Q4 24 | $28.4M | $56.6M | ||
| Q3 24 | $29.7M | $69.0M | ||
| Q2 24 | $30.8M | $69.4M | ||
| Q1 24 | $31.2M | $64.2M |
| Q4 25 | $-7.3M | $-35.7M | ||
| Q3 25 | $-8.3M | $-25.6M | ||
| Q2 25 | $-7.9M | $-39.6M | ||
| Q1 25 | $-21.4M | $-29.9M | ||
| Q4 24 | $-8.5M | $-25.9M | ||
| Q3 24 | $-15.6M | $-97.1M | ||
| Q2 24 | $-21.0M | $-9.8M | ||
| Q1 24 | $-7.6M | $-12.1M |
| Q4 25 | 59.4% | 25.8% | ||
| Q3 25 | 60.9% | 13.6% | ||
| Q2 25 | 59.9% | 16.4% | ||
| Q1 25 | 62.8% | 16.5% | ||
| Q4 24 | 59.7% | 34.3% | ||
| Q3 24 | 61.0% | 46.7% | ||
| Q2 24 | 64.2% | 44.4% | ||
| Q1 24 | 64.7% | 40.3% |
| Q4 25 | -27.9% | -117.9% | ||
| Q3 25 | -30.5% | -98.6% | ||
| Q2 25 | -29.2% | -139.8% | ||
| Q1 25 | -78.9% | -104.9% | ||
| Q4 24 | -29.9% | -66.7% | ||
| Q3 24 | -52.4% | -239.9% | ||
| Q2 24 | -68.0% | -19.4% | ||
| Q1 24 | -24.0% | -29.4% |
| Q4 25 | -28.1% | -71.6% | ||
| Q3 25 | -30.5% | -61.4% | ||
| Q2 25 | -29.5% | -83.5% | ||
| Q1 25 | -79.1% | -63.9% | ||
| Q4 24 | -30.0% | -45.8% | ||
| Q3 24 | -52.6% | -140.6% | ||
| Q2 24 | -68.2% | -14.1% | ||
| Q1 24 | -24.2% | -18.8% |
| Q4 25 | $-0.06 | $-0.24 | ||
| Q3 25 | $-0.08 | $-0.18 | ||
| Q2 25 | $-0.08 | $-0.27 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.21 | ||
| Q3 24 | $-0.15 | $-0.68 | ||
| Q2 24 | $-0.20 | $-0.07 | ||
| Q1 24 | $-0.07 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | — | $291.8M |
| Stockholders' EquityBook value | $607.0M | $212.4M |
| Total Assets | $892.9M | $770.6M |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $216.9M | ||
| Q3 25 | $31.4M | $243.6M | ||
| Q2 25 | $29.4M | $269.9M | ||
| Q1 25 | $30.2M | $285.1M | ||
| Q4 24 | $41.1M | $322.4M | ||
| Q3 24 | $40.9M | $578.2M | ||
| Q2 24 | $30.2M | $573.2M | ||
| Q1 24 | $34.2M | $561.7M |
| Q4 25 | — | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M | ||
| Q1 24 | — | $523.3M |
| Q4 25 | $607.0M | $212.4M | ||
| Q3 25 | $615.3M | $245.4M | ||
| Q2 25 | $624.7M | $265.9M | ||
| Q1 25 | $633.4M | $300.6M | ||
| Q4 24 | $655.9M | $325.3M | ||
| Q3 24 | $665.4M | $344.9M | ||
| Q2 24 | $682.1M | $434.7M | ||
| Q1 24 | $703.9M | $410.7M |
| Q4 25 | $892.9M | $770.6M | ||
| Q3 25 | $901.0M | $849.2M | ||
| Q2 25 | $903.2M | $897.0M | ||
| Q1 25 | $916.4M | $959.8M | ||
| Q4 24 | $946.9M | $1.0B | ||
| Q3 24 | $981.5M | $1.3B | ||
| Q2 24 | $1.0B | $1.4B | ||
| Q1 24 | $1.0B | $1.4B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | $-12.7M | $-24.9M |
| FCF MarginFCF / Revenue | -48.6% | -49.9% |
| Capex IntensityCapex / Revenue | 63.0% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $-22.8M | ||
| Q3 25 | $8.3M | $-15.2M | ||
| Q2 25 | $-2.9M | $-10.3M | ||
| Q1 25 | $-5.5M | $-9.4M | ||
| Q4 24 | $9.0M | $-14.6M | ||
| Q3 24 | $14.5M | $13.1M | ||
| Q2 24 | $-648.0K | $17.4M | ||
| Q1 24 | $-7.1M | $-8.5M |
| Q4 25 | $-12.7M | $-24.9M | ||
| Q3 25 | $3.0M | $-18.1M | ||
| Q2 25 | $-5.7M | $-13.1M | ||
| Q1 25 | $-9.9M | $-14.6M | ||
| Q4 24 | $-16.2M | $-20.5M | ||
| Q3 24 | $8.6M | $4.5M | ||
| Q2 24 | $-5.1M | $7.9M | ||
| Q1 24 | $-15.8M | $-14.1M |
| Q4 25 | -48.6% | -49.9% | ||
| Q3 25 | 11.0% | -43.4% | ||
| Q2 25 | -21.5% | -27.7% | ||
| Q1 25 | -36.7% | -31.2% | ||
| Q4 24 | -57.2% | -36.2% | ||
| Q3 24 | 29.1% | 6.6% | ||
| Q2 24 | -16.7% | 11.4% | ||
| Q1 24 | -50.8% | -22.0% |
| Q4 25 | 63.0% | 4.2% | ||
| Q3 25 | 19.4% | 7.0% | ||
| Q2 25 | 10.7% | 6.1% | ||
| Q1 25 | 16.4% | 11.2% | ||
| Q4 24 | 88.9% | 10.3% | ||
| Q3 24 | 19.6% | 12.4% | ||
| Q2 24 | 14.6% | 13.8% | ||
| Q1 24 | 28.1% | 8.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSP
Segment breakdown not available.
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
