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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC). 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 $23.3M, roughly 1.1× NORTHERN TECHNOLOGIES INTERNATIONAL CORP). NORTHERN TECHNOLOGIES INTERNATIONAL CORP runs the higher net margin — 1.0% vs -28.1%, a 29.1% gap on every dollar of revenue. On growth, NORTHERN TECHNOLOGIES INTERNATIONAL CORP posted the faster year-over-year revenue change (9.2% vs -8.2%). NORTHERN TECHNOLOGIES INTERNATIONAL CORP produced more free cash flow last quarter ($-479.7K vs $-12.7M). Over the past eight quarters, NORTHERN TECHNOLOGIES INTERNATIONAL CORP's revenue compounded faster (5.8% 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.

Maxar Technologies Inc., was an American space technology company, specializing in geospatial intelligence, Earth observation, and on-orbit satellite servicing, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017.

FSP vs NTIC — Head-to-Head

Bigger by revenue
FSP
FSP
1.1× larger
FSP
$26.0M
$23.3M
NTIC
Growing faster (revenue YoY)
NTIC
NTIC
+17.5% gap
NTIC
9.2%
-8.2%
FSP
Higher net margin
NTIC
NTIC
29.1% more per $
NTIC
1.0%
-28.1%
FSP
More free cash flow
NTIC
NTIC
$12.2M more FCF
NTIC
$-479.7K
$-12.7M
FSP
Faster 2-yr revenue CAGR
NTIC
NTIC
Annualised
NTIC
5.8%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FSP
FSP
NTIC
NTIC
Revenue
$26.0M
$23.3M
Net Profit
$-7.3M
$237.8K
Gross Margin
59.4%
36.0%
Operating Margin
-27.9%
4.0%
Net Margin
-28.1%
1.0%
Revenue YoY
-8.2%
9.2%
Net Profit YoY
14.1%
-57.6%
EPS (diluted)
$-0.06
$0.03

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
NTIC
NTIC
Q4 25
$26.0M
$23.3M
Q3 25
$27.3M
$22.3M
Q2 25
$26.7M
$21.5M
Q1 25
$27.1M
$19.1M
Q4 24
$28.4M
$21.3M
Q3 24
$29.7M
$23.3M
Q2 24
$30.8M
$20.7M
Q1 24
$31.2M
$20.8M
Net Profit
FSP
FSP
NTIC
NTIC
Q4 25
$-7.3M
$237.8K
Q3 25
$-8.3M
$-1.1M
Q2 25
$-7.9M
$121.8K
Q1 25
$-21.4M
$434.3K
Q4 24
$-8.5M
$561.1K
Q3 24
$-15.6M
$1.8M
Q2 24
$-21.0M
$976.6K
Q1 24
$-7.6M
$1.7M
Gross Margin
FSP
FSP
NTIC
NTIC
Q4 25
59.4%
36.0%
Q3 25
60.9%
37.9%
Q2 25
59.9%
38.4%
Q1 25
62.8%
35.6%
Q4 24
59.7%
38.3%
Q3 24
61.0%
43.8%
Q2 24
64.2%
38.2%
Q1 24
64.7%
40.0%
Operating Margin
FSP
FSP
NTIC
NTIC
Q4 25
-27.9%
4.0%
Q3 25
-30.5%
4.2%
Q2 25
-29.2%
4.0%
Q1 25
-78.9%
-1.7%
Q4 24
-29.9%
5.2%
Q3 24
-52.4%
11.8%
Q2 24
-68.0%
7.4%
Q1 24
-24.0%
10.6%
Net Margin
FSP
FSP
NTIC
NTIC
Q4 25
-28.1%
1.0%
Q3 25
-30.5%
-4.9%
Q2 25
-29.5%
0.6%
Q1 25
-79.1%
2.3%
Q4 24
-30.0%
2.6%
Q3 24
-52.6%
7.9%
Q2 24
-68.2%
4.7%
Q1 24
-24.2%
8.2%
EPS (diluted)
FSP
FSP
NTIC
NTIC
Q4 25
$-0.06
$0.03
Q3 25
$-0.08
$-0.11
Q2 25
$-0.08
$0.01
Q1 25
$-0.21
$0.04
Q4 24
$-0.09
$0.06
Q3 24
$-0.15
$0.19
Q2 24
$-0.20
$0.10
Q1 24
$-0.07
$0.17

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
NTIC
NTIC
Cash + ST InvestmentsLiquidity on hand
$30.6M
$6.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$72.4M
Total Assets
$892.9M
$104.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
NTIC
NTIC
Q4 25
$30.6M
$6.4M
Q3 25
$31.4M
$7.3M
Q2 25
$29.4M
$6.8M
Q1 25
$30.2M
$5.1M
Q4 24
$41.1M
$5.6M
Q3 24
$40.9M
$5.0M
Q2 24
$30.2M
$5.8M
Q1 24
$34.2M
$4.8M
Stockholders' Equity
FSP
FSP
NTIC
NTIC
Q4 25
$607.0M
$72.4M
Q3 25
$615.3M
$72.1M
Q2 25
$624.7M
$72.4M
Q1 25
$633.4M
$69.7M
Q4 24
$655.9M
$70.2M
Q3 24
$665.4M
$71.2M
Q2 24
$682.1M
$68.9M
Q1 24
$703.9M
$68.4M
Total Assets
FSP
FSP
NTIC
NTIC
Q4 25
$892.9M
$104.0M
Q3 25
$901.0M
$102.7M
Q2 25
$903.2M
$99.3M
Q1 25
$916.4M
$93.7M
Q4 24
$946.9M
$94.0M
Q3 24
$981.5M
$94.7M
Q2 24
$1.0B
$89.3M
Q1 24
$1.0B
$87.3M

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
NTIC
NTIC
Operating Cash FlowLast quarter
$3.8M
$341.9K
Free Cash FlowOCF − Capex
$-12.7M
$-479.7K
FCF MarginFCF / Revenue
-48.6%
-2.1%
Capex IntensityCapex / Revenue
63.0%
3.5%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$-25.3M
$-1.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
NTIC
NTIC
Q4 25
$3.8M
$341.9K
Q3 25
$8.3M
$-1.4M
Q2 25
$-2.9M
$609.7K
Q1 25
$-5.5M
$803.7K
Q4 24
$9.0M
$2.4M
Q3 24
$14.5M
Q2 24
$-648.0K
$1.9M
Q1 24
$-7.1M
Free Cash Flow
FSP
FSP
NTIC
NTIC
Q4 25
$-12.7M
$-479.7K
Q3 25
$3.0M
$-1.4M
Q2 25
$-5.7M
$-171.2K
Q1 25
$-9.9M
$293.1K
Q4 24
$-16.2M
$1.2M
Q3 24
$8.6M
Q2 24
$-5.1M
$869.4K
Q1 24
$-15.8M
FCF Margin
FSP
FSP
NTIC
NTIC
Q4 25
-48.6%
-2.1%
Q3 25
11.0%
-6.3%
Q2 25
-21.5%
-0.8%
Q1 25
-36.7%
1.5%
Q4 24
-57.2%
5.5%
Q3 24
29.1%
Q2 24
-16.7%
4.2%
Q1 24
-50.8%
Capex Intensity
FSP
FSP
NTIC
NTIC
Q4 25
63.0%
3.5%
Q3 25
19.4%
0.2%
Q2 25
10.7%
3.6%
Q1 25
16.4%
2.7%
Q4 24
88.9%
5.7%
Q3 24
19.6%
Q2 24
14.6%
5.2%
Q1 24
28.1%
Cash Conversion
FSP
FSP
NTIC
NTIC
Q4 25
1.44×
Q3 25
Q2 25
5.01×
Q1 25
1.85×
Q4 24
4.27×
Q3 24
Q2 24
1.99×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSP
FSP

Segment breakdown not available.

NTIC
NTIC

Inside The USA To Unaffiliated Customers$7.5M32%
Natur Tec$6.0M26%
Acobal$3.6M15%
Other$2.7M12%
BR$2.1M9%
Zerust OY$1.4M6%

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