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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Ouster, Inc. (OUST). Click either name above to swap in a different company.

Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $26.0M, roughly 1.9× FRANKLIN STREET PROPERTIES CORP). Ouster, Inc. runs the higher net margin — 8.2% vs -28.1%, a 36.3% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs -8.2%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

FSP vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.9× larger
OUST
$48.6M
$26.0M
FSP
Growing faster (revenue YoY)
OUST
OUST
+57.1% gap
OUST
48.9%
-8.2%
FSP
Higher net margin
OUST
OUST
36.3% more per $
OUST
8.2%
-28.1%
FSP
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
34.2%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FSP
FSP
OUST
OUST
Revenue
$26.0M
$48.6M
Net Profit
$-7.3M
$4.0M
Gross Margin
59.4%
42.9%
Operating Margin
-27.9%
17.6%
Net Margin
-28.1%
8.2%
Revenue YoY
-8.2%
48.9%
Net Profit YoY
14.1%
EPS (diluted)
$-0.06
$0.06

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
OUST
OUST
Q1 26
$48.6M
Q4 25
$26.0M
$62.2M
Q3 25
$27.3M
$39.5M
Q2 25
$26.7M
$35.0M
Q1 25
$27.1M
$32.6M
Q4 24
$28.4M
$30.1M
Q3 24
$29.7M
$28.1M
Q2 24
$30.8M
$27.0M
Net Profit
FSP
FSP
OUST
OUST
Q1 26
$4.0M
Q4 25
$-7.3M
Q3 25
$-8.3M
$-21.7M
Q2 25
$-7.9M
$-20.6M
Q1 25
$-21.4M
$-22.0M
Q4 24
$-8.5M
Q3 24
$-15.6M
$-25.6M
Q2 24
$-21.0M
$-23.9M
Gross Margin
FSP
FSP
OUST
OUST
Q1 26
42.9%
Q4 25
59.4%
60.2%
Q3 25
60.9%
42.1%
Q2 25
59.9%
45.2%
Q1 25
62.8%
41.3%
Q4 24
59.7%
43.8%
Q3 24
61.0%
38.3%
Q2 24
64.2%
33.7%
Operating Margin
FSP
FSP
OUST
OUST
Q1 26
17.6%
Q4 25
-27.9%
1.5%
Q3 25
-30.5%
-61.4%
Q2 25
-29.2%
-76.5%
Q1 25
-78.9%
-73.0%
Q4 24
-29.9%
-85.1%
Q3 24
-52.4%
-98.0%
Q2 24
-68.0%
-93.6%
Net Margin
FSP
FSP
OUST
OUST
Q1 26
8.2%
Q4 25
-28.1%
Q3 25
-30.5%
-55.0%
Q2 25
-29.5%
-58.8%
Q1 25
-79.1%
-67.5%
Q4 24
-30.0%
Q3 24
-52.6%
-91.1%
Q2 24
-68.2%
-88.4%
EPS (diluted)
FSP
FSP
OUST
OUST
Q1 26
$0.06
Q4 25
$-0.06
$0.10
Q3 25
$-0.08
$-0.37
Q2 25
$-0.08
$-0.38
Q1 25
$-0.21
$-0.42
Q4 24
$-0.09
$-0.46
Q3 24
$-0.15
$-0.54
Q2 24
$-0.20
$-0.53

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$30.6M
$173.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$275.6M
Total Assets
$892.9M
$381.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
OUST
OUST
Q1 26
$173.1M
Q4 25
$30.6M
$208.6M
Q3 25
$31.4M
$244.5M
Q2 25
$29.4M
$226.5M
Q1 25
$30.2M
$168.2M
Q4 24
$41.1M
$172.0M
Q3 24
$40.9M
$151.4M
Q2 24
$30.2M
$184.2M
Stockholders' Equity
FSP
FSP
OUST
OUST
Q1 26
$275.6M
Q4 25
$607.0M
$261.7M
Q3 25
$615.3M
$247.4M
Q2 25
$624.7M
$221.0M
Q1 25
$633.4M
$167.9M
Q4 24
$655.9M
$180.9M
Q3 24
$665.4M
$171.7M
Q2 24
$682.1M
$170.6M
Total Assets
FSP
FSP
OUST
OUST
Q1 26
$381.5M
Q4 25
$892.9M
$349.5M
Q3 25
$901.0M
$353.8M
Q2 25
$903.2M
$321.8M
Q1 25
$916.4M
$268.6M
Q4 24
$946.9M
$276.1M
Q3 24
$981.5M
$255.2M
Q2 24
$1.0B
$309.9M

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
OUST
OUST
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.

Operating Cash Flow
FSP
FSP
OUST
OUST
Q1 26
Q4 25
$3.8M
$-15.4M
Q3 25
$8.3M
$-18.3M
Q2 25
$-2.9M
$-1.3M
Q1 25
$-5.5M
$-4.9M
Q4 24
$9.0M
$-2.6M
Q3 24
$14.5M
$-3.8M
Q2 24
$-648.0K
$-21.6M
Free Cash Flow
FSP
FSP
OUST
OUST
Q1 26
Q4 25
$-12.7M
$-37.2M
Q3 25
$3.0M
$-20.0M
Q2 25
$-5.7M
$-2.2M
Q1 25
$-9.9M
$-5.4M
Q4 24
$-16.2M
$-4.0M
Q3 24
$8.6M
$-4.3M
Q2 24
$-5.1M
$-22.0M
FCF Margin
FSP
FSP
OUST
OUST
Q1 26
Q4 25
-48.6%
-59.8%
Q3 25
11.0%
-50.7%
Q2 25
-21.5%
-6.3%
Q1 25
-36.7%
-16.6%
Q4 24
-57.2%
-13.3%
Q3 24
29.1%
-15.4%
Q2 24
-16.7%
-81.5%
Capex Intensity
FSP
FSP
OUST
OUST
Q1 26
Q4 25
63.0%
35.0%
Q3 25
19.4%
4.3%
Q2 25
10.7%
2.5%
Q1 25
16.4%
1.7%
Q4 24
88.9%
4.8%
Q3 24
19.6%
2.0%
Q2 24
14.6%
1.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSP
FSP

Segment breakdown not available.

OUST
OUST

Product revenue$48.2M99%
Royalties$347.0K1%

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