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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and PEDEVCO CORP (PED). 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 $23.1M, roughly 1.1× PEDEVCO CORP). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -36.8%, a 8.7% gap on every dollar of revenue. On growth, PEDEVCO CORP posted the faster year-over-year revenue change (118.2% vs -8.2%). Over the past eight quarters, PEDEVCO CORP's revenue compounded faster (68.6% 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.

PEDEVCO Corp is an independent energy company specializing in the acquisition, exploration, development, and production of oil and natural gas assets. It primarily holds and operates onshore resource properties across continental US basins, serving domestic wholesale, utility, and industrial energy customer segments.

FSP vs PED — Head-to-Head

Bigger by revenue
FSP
FSP
1.1× larger
FSP
$26.0M
$23.1M
PED
Growing faster (revenue YoY)
PED
PED
+126.5% gap
PED
118.2%
-8.2%
FSP
Higher net margin
FSP
FSP
8.7% more per $
FSP
-28.1%
-36.8%
PED
Faster 2-yr revenue CAGR
PED
PED
Annualised
PED
68.6%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSP
FSP
PED
PED
Revenue
$26.0M
$23.1M
Net Profit
$-7.3M
$-8.5M
Gross Margin
59.4%
Operating Margin
-27.9%
-21.3%
Net Margin
-28.1%
-36.8%
Revenue YoY
-8.2%
118.2%
Net Profit YoY
14.1%
-243.5%
EPS (diluted)
$-0.06
$-2.23

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
PED
PED
Q4 25
$26.0M
$23.1M
Q3 25
$27.3M
$7.0M
Q2 25
$26.7M
$7.0M
Q1 25
$27.1M
$8.7M
Q4 24
$28.4M
$10.6M
Q3 24
$29.7M
$9.1M
Q2 24
$30.8M
$11.8M
Q1 24
$31.2M
$8.1M
Net Profit
FSP
FSP
PED
PED
Q4 25
$-7.3M
$-8.5M
Q3 25
$-8.3M
$-325.0K
Q2 25
$-7.9M
$-1.7M
Q1 25
$-21.4M
$140.0K
Q4 24
$-8.5M
$5.9M
Q3 24
$-15.6M
$2.9M
Q2 24
$-21.0M
$2.7M
Q1 24
$-7.6M
$773.0K
Gross Margin
FSP
FSP
PED
PED
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
FSP
FSP
PED
PED
Q4 25
-27.9%
-21.3%
Q3 25
-30.5%
-12.0%
Q2 25
-29.2%
-32.2%
Q1 25
-78.9%
1.7%
Q4 24
-29.9%
-12.9%
Q3 24
-52.4%
31.3%
Q2 24
-68.0%
22.3%
Q1 24
-24.0%
7.6%
Net Margin
FSP
FSP
PED
PED
Q4 25
-28.1%
-36.8%
Q3 25
-30.5%
-4.7%
Q2 25
-29.5%
-24.0%
Q1 25
-79.1%
1.6%
Q4 24
-30.0%
56.0%
Q3 24
-52.6%
32.2%
Q2 24
-68.2%
22.7%
Q1 24
-24.2%
9.5%
EPS (diluted)
FSP
FSP
PED
PED
Q4 25
$-0.06
$-2.23
Q3 25
$-0.08
$0.00
Q2 25
$-0.08
$-0.02
Q1 25
$-0.21
$0.00
Q4 24
$-0.09
$2.69
Q3 24
$-0.15
$0.03
Q2 24
$-0.20
$0.03
Q1 24
$-0.07
$0.01

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
PED
PED
Cash + ST InvestmentsLiquidity on hand
$30.6M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$207.4M
Total Assets
$892.9M
$375.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
PED
PED
Q4 25
$30.6M
$3.2M
Q3 25
$31.4M
$10.9M
Q2 25
$29.4M
$8.5M
Q1 25
$30.2M
$10.4M
Q4 24
$41.1M
$4.0M
Q3 24
$40.9M
$4.6M
Q2 24
$30.2M
$6.1M
Q1 24
$34.2M
$13.3M
Stockholders' Equity
FSP
FSP
PED
PED
Q4 25
$607.0M
$207.4M
Q3 25
$615.3M
$115.4M
Q2 25
$624.7M
$115.2M
Q1 25
$633.4M
$116.2M
Q4 24
$655.9M
$115.6M
Q3 24
$665.4M
$106.5M
Q2 24
$682.1M
$103.2M
Q1 24
$703.9M
$100.0M
Total Assets
FSP
FSP
PED
PED
Q4 25
$892.9M
$375.9M
Q3 25
$901.0M
$135.9M
Q2 25
$903.2M
$136.8M
Q1 25
$916.4M
$145.6M
Q4 24
$946.9M
$128.3M
Q3 24
$981.5M
$114.3M
Q2 24
$1.0B
$111.0M
Q1 24
$1.0B
$118.3M

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
PED
PED
Operating Cash FlowLast quarter
$3.8M
$-2.1M
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
PED
PED
Q4 25
$3.8M
$-2.1M
Q3 25
$8.3M
$7.4M
Q2 25
$-2.9M
$-420.0K
Q1 25
$-5.5M
$5.9M
Q4 24
$9.0M
$4.2M
Q3 24
$14.5M
$8.3M
Q2 24
$-648.0K
$4.6M
Q1 24
$-7.1M
$-4.3M
Free Cash Flow
FSP
FSP
PED
PED
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
FSP
FSP
PED
PED
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
FSP
FSP
PED
PED
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
Q1 25
16.4%
Q4 24
88.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%
Cash Conversion
FSP
FSP
PED
PED
Q4 25
Q3 25
Q2 25
Q1 25
42.34×
Q4 24
0.71×
Q3 24
2.83×
Q2 24
1.71×
Q1 24
-5.56×

Financial Flow Comparison

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

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