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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and ON24 INC. (ONTF). Click either name above to swap in a different company.
ON24 INC. is the larger business by last-quarter revenue ($34.6M vs $26.0M, roughly 1.3× FRANKLIN STREET PROPERTIES CORP). ON24 INC. runs the higher net margin — -18.8% vs -28.1%, a 9.4% gap on every dollar of revenue. On growth, ON24 INC. posted the faster year-over-year revenue change (-5.6% vs -8.2%). ON24 INC. produced more free cash flow last quarter ($-2.2M vs $-12.7M). Over the past eight quarters, ON24 INC.'s revenue compounded faster (-4.2% 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.
ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.
FSP vs ONTF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $34.6M |
| Net Profit | $-7.3M | $-6.5M |
| Gross Margin | 59.4% | 74.9% |
| Operating Margin | -27.9% | -23.5% |
| Net Margin | -28.1% | -18.8% |
| Revenue YoY | -8.2% | -5.6% |
| Net Profit YoY | 14.1% | 26.8% |
| EPS (diluted) | $-0.06 | $-0.15 |
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 | $34.6M | ||
| Q3 25 | $27.3M | $34.6M | ||
| Q2 25 | $26.7M | $35.3M | ||
| Q1 25 | $27.1M | $34.7M | ||
| Q4 24 | $28.4M | $36.7M | ||
| Q3 24 | $29.7M | $36.3M | ||
| Q2 24 | $30.8M | $37.3M | ||
| Q1 24 | $31.2M | $37.7M |
| Q4 25 | $-7.3M | $-6.5M | ||
| Q3 25 | $-8.3M | $-6.4M | ||
| Q2 25 | $-7.9M | $-7.3M | ||
| Q1 25 | $-21.4M | $-8.7M | ||
| Q4 24 | $-8.5M | $-8.9M | ||
| Q3 24 | $-15.6M | $-11.4M | ||
| Q2 24 | $-21.0M | $-11.2M | ||
| Q1 24 | $-7.6M | $-10.7M |
| Q4 25 | 59.4% | 74.9% | ||
| Q3 25 | 60.9% | 74.7% | ||
| Q2 25 | 59.9% | 75.1% | ||
| Q1 25 | 62.8% | 73.8% | ||
| Q4 24 | 59.7% | 74.5% | ||
| Q3 24 | 61.0% | 74.3% | ||
| Q2 24 | 64.2% | 74.5% | ||
| Q1 24 | 64.7% | 74.1% |
| Q4 25 | -27.9% | -23.5% | ||
| Q3 25 | -30.5% | -23.1% | ||
| Q2 25 | -29.2% | -26.0% | ||
| Q1 25 | -78.9% | -30.1% | ||
| Q4 24 | -29.9% | -32.1% | ||
| Q3 24 | -52.4% | -36.7% | ||
| Q2 24 | -68.0% | -35.0% | ||
| Q1 24 | -24.0% | -33.1% |
| Q4 25 | -28.1% | -18.8% | ||
| Q3 25 | -30.5% | -18.4% | ||
| Q2 25 | -29.5% | -20.6% | ||
| Q1 25 | -79.1% | -25.1% | ||
| Q4 24 | -30.0% | -24.2% | ||
| Q3 24 | -52.6% | -31.4% | ||
| Q2 24 | -68.2% | -29.9% | ||
| Q1 24 | -24.2% | -28.4% |
| Q4 25 | $-0.06 | $-0.15 | ||
| Q3 25 | $-0.08 | $-0.15 | ||
| Q2 25 | $-0.08 | $-0.17 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.21 | ||
| Q3 24 | $-0.15 | $-0.27 | ||
| Q2 24 | $-0.20 | $-0.27 | ||
| Q1 24 | $-0.07 | $-0.26 |
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 | $37.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $139.4M |
| Total Assets | $892.9M | $228.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $37.0M | ||
| Q3 25 | $31.4M | $47.2M | ||
| Q2 25 | $29.4M | $37.7M | ||
| Q1 25 | $30.2M | $26.8M | ||
| Q4 24 | $41.1M | $14.9M | ||
| Q3 24 | $40.9M | $11.0M | ||
| Q2 24 | $30.2M | $15.5M | ||
| Q1 24 | $34.2M | $18.3M |
| Q4 25 | $607.0M | $139.4M | ||
| Q3 25 | $615.3M | $144.3M | ||
| Q2 25 | $624.7M | $150.0M | ||
| Q1 25 | $633.4M | $153.7M | ||
| Q4 24 | $655.9M | $159.4M | ||
| Q3 24 | $665.4M | $164.9M | ||
| Q2 24 | $682.1M | $170.8M | ||
| Q1 24 | $703.9M | $174.4M |
| Q4 25 | $892.9M | $228.4M | ||
| Q3 25 | $901.0M | $224.8M | ||
| Q2 25 | $903.2M | $235.1M | ||
| Q1 25 | $916.4M | $245.8M | ||
| Q4 24 | $946.9M | $251.0M | ||
| Q3 24 | $981.5M | $250.9M | ||
| Q2 24 | $1.0B | $259.0M | ||
| Q1 24 | $1.0B | $269.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $-12.7M | $-2.2M |
| FCF MarginFCF / Revenue | -48.6% | -6.4% |
| Capex IntensityCapex / Revenue | 63.0% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $-1.1M | ||
| Q3 25 | $8.3M | $2.5M | ||
| Q2 25 | $-2.9M | $2.6M | ||
| Q1 25 | $-5.5M | $3.4M | ||
| Q4 24 | $9.0M | $985.0K | ||
| Q3 24 | $14.5M | $295.0K | ||
| Q2 24 | $-648.0K | $1.4M | ||
| Q1 24 | $-7.1M | $2.1M |
| Q4 25 | $-12.7M | $-2.2M | ||
| Q3 25 | $3.0M | $2.2M | ||
| Q2 25 | $-5.7M | $2.1M | ||
| Q1 25 | $-9.9M | $1.9M | ||
| Q4 24 | $-16.2M | $424.0K | ||
| Q3 24 | $8.6M | $143.0K | ||
| Q2 24 | $-5.1M | $898.0K | ||
| Q1 24 | $-15.8M | $1.1M |
| Q4 25 | -48.6% | -6.4% | ||
| Q3 25 | 11.0% | 6.2% | ||
| Q2 25 | -21.5% | 5.9% | ||
| Q1 25 | -36.7% | 5.6% | ||
| Q4 24 | -57.2% | 1.2% | ||
| Q3 24 | 29.1% | 0.4% | ||
| Q2 24 | -16.7% | 2.4% | ||
| Q1 24 | -50.8% | 2.9% |
| Q4 25 | 63.0% | 3.3% | ||
| Q3 25 | 19.4% | 1.1% | ||
| Q2 25 | 10.7% | 1.4% | ||
| Q1 25 | 16.4% | 4.2% | ||
| Q4 24 | 88.9% | 1.5% | ||
| Q3 24 | 19.6% | 0.4% | ||
| Q2 24 | 14.6% | 1.3% | ||
| Q1 24 | 28.1% | 2.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
