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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and OCULAR THERAPEUTIX, INC (OCUL). 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 $13.3M, roughly 2.0× OCULAR THERAPEUTIX, INC). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -488.0%, a 459.8% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -22.4%). FRANKLIN STREET PROPERTIES CORP produced more free cash flow last quarter ($-12.7M vs $-57.1M). Over the past eight quarters, OCULAR THERAPEUTIX, INC's revenue compounded faster (-5.3% 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.
Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.
FSP vs OCUL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $13.3M |
| Net Profit | $-7.3M | $-64.7M |
| Gross Margin | 59.4% | 88.0% |
| Operating Margin | -27.9% | -526.5% |
| Net Margin | -28.1% | -488.0% |
| Revenue YoY | -8.2% | -22.4% |
| Net Profit YoY | 14.1% | -33.6% |
| EPS (diluted) | $-0.06 | $-0.27 |
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 | $13.3M | ||
| Q3 25 | $27.3M | $14.5M | ||
| Q2 25 | $26.7M | $13.5M | ||
| Q1 25 | $27.1M | $10.7M | ||
| Q4 24 | $28.4M | $17.1M | ||
| Q3 24 | $29.7M | $15.4M | ||
| Q2 24 | $30.8M | $16.4M | ||
| Q1 24 | $31.2M | $14.8M |
| Q4 25 | $-7.3M | $-64.7M | ||
| Q3 25 | $-8.3M | $-69.4M | ||
| Q2 25 | $-7.9M | $-67.8M | ||
| Q1 25 | $-21.4M | $-64.1M | ||
| Q4 24 | $-8.5M | $-48.4M | ||
| Q3 24 | $-15.6M | $-36.5M | ||
| Q2 24 | $-21.0M | $-43.8M | ||
| Q1 24 | $-7.6M | $-64.8M |
| Q4 25 | 59.4% | 88.0% | ||
| Q3 25 | 60.9% | 87.8% | ||
| Q2 25 | 59.9% | 85.6% | ||
| Q1 25 | 62.8% | 88.2% | ||
| Q4 24 | 59.7% | 92.8% | ||
| Q3 24 | 61.0% | 89.9% | ||
| Q2 24 | 64.2% | 90.8% | ||
| Q1 24 | 64.7% | 91.0% |
| Q4 25 | -27.9% | -526.5% | ||
| Q3 25 | -30.5% | -472.3% | ||
| Q2 25 | -29.2% | -502.6% | ||
| Q1 25 | -78.9% | -597.5% | ||
| Q4 24 | -29.9% | -296.1% | ||
| Q3 24 | -52.4% | -298.2% | ||
| Q2 24 | -68.0% | -265.1% | ||
| Q1 24 | -24.0% | -214.0% |
| Q4 25 | -28.1% | -488.0% | ||
| Q3 25 | -30.5% | -477.3% | ||
| Q2 25 | -29.5% | -503.9% | ||
| Q1 25 | -79.1% | -598.7% | ||
| Q4 24 | -30.0% | -283.3% | ||
| Q3 24 | -52.6% | -236.6% | ||
| Q2 24 | -68.2% | -266.3% | ||
| Q1 24 | -24.2% | -438.9% |
| Q4 25 | $-0.06 | $-0.27 | ||
| Q3 25 | $-0.08 | $-0.38 | ||
| Q2 25 | $-0.08 | $-0.39 | ||
| Q1 25 | $-0.21 | $-0.38 | ||
| Q4 24 | $-0.09 | $-0.25 | ||
| Q3 24 | $-0.15 | $-0.22 | ||
| Q2 24 | $-0.20 | $-0.26 | ||
| Q1 24 | $-0.07 | $-0.49 |
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 | $737.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $654.3M |
| Total Assets | $892.9M | $808.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $737.1M | ||
| Q3 25 | $31.4M | $344.8M | ||
| Q2 25 | $29.4M | $391.1M | ||
| Q1 25 | $30.2M | $349.7M | ||
| Q4 24 | $41.1M | $392.1M | ||
| Q3 24 | $40.9M | $427.2M | ||
| Q2 24 | $30.2M | $459.7M | ||
| Q1 24 | $34.2M | $482.9M |
| Q4 25 | $607.0M | $654.3M | ||
| Q3 25 | $615.3M | $258.2M | ||
| Q2 25 | $624.7M | $305.9M | ||
| Q1 25 | $633.4M | $265.9M | ||
| Q4 24 | $655.9M | $315.3M | ||
| Q3 24 | $665.4M | $352.0M | ||
| Q2 24 | $682.1M | $377.7M | ||
| Q1 24 | $703.9M | $408.0M |
| Q4 25 | $892.9M | $808.1M | ||
| Q3 25 | $901.0M | $410.9M | ||
| Q2 25 | $903.2M | $451.3M | ||
| Q1 25 | $916.4M | $405.9M | ||
| Q4 24 | $946.9M | $457.9M | ||
| Q3 24 | $981.5M | $490.4M | ||
| Q2 24 | $1.0B | $517.1M | ||
| Q1 24 | $1.0B | $538.9M |
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 | $-54.2M |
| Free Cash FlowOCF − Capex | $-12.7M | $-57.1M |
| FCF MarginFCF / Revenue | -48.6% | -430.9% |
| Capex IntensityCapex / Revenue | 63.0% | 21.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $-216.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $-54.2M | ||
| Q3 25 | $8.3M | $-50.7M | ||
| Q2 25 | $-2.9M | $-55.2M | ||
| Q1 25 | $-5.5M | $-44.7M | ||
| Q4 24 | $9.0M | $-39.4M | ||
| Q3 24 | $14.5M | $-36.6M | ||
| Q2 24 | $-648.0K | $-24.8M | ||
| Q1 24 | $-7.1M | $-33.9M |
| Q4 25 | $-12.7M | $-57.1M | ||
| Q3 25 | $3.0M | $-56.7M | ||
| Q2 25 | $-5.7M | $-56.5M | ||
| Q1 25 | $-9.9M | $-46.6M | ||
| Q4 24 | $-16.2M | $-39.6M | ||
| Q3 24 | $8.6M | $-36.6M | ||
| Q2 24 | $-5.1M | $-25.5M | ||
| Q1 24 | $-15.8M | $-34.1M |
| Q4 25 | -48.6% | -430.9% | ||
| Q3 25 | 11.0% | -390.0% | ||
| Q2 25 | -21.5% | -419.7% | ||
| Q1 25 | -36.7% | -435.6% | ||
| Q4 24 | -57.2% | -232.0% | ||
| Q3 24 | 29.1% | -237.6% | ||
| Q2 24 | -16.7% | -155.4% | ||
| Q1 24 | -50.8% | -231.1% |
| Q4 25 | 63.0% | 21.4% | ||
| Q3 25 | 19.4% | 41.2% | ||
| Q2 25 | 10.7% | 9.3% | ||
| Q1 25 | 16.4% | 18.1% | ||
| Q4 24 | 88.9% | 1.2% | ||
| Q3 24 | 19.6% | 0.6% | ||
| Q2 24 | 14.6% | 4.5% | ||
| Q1 24 | 28.1% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
