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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $26.0M, roughly 1.9× FRANKLIN STREET PROPERTIES CORP). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -28.1%, a 26.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -8.2%). Quipt Home Medical Corp. produced more free cash flow last quarter ($6.9M vs $-12.7M).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

FSP vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.9× larger
QIPT
$49.0M
$26.0M
FSP
Growing faster (revenue YoY)
QIPT
QIPT
+40.5% gap
QIPT
32.3%
-8.2%
FSP
Higher net margin
QIPT
QIPT
26.0% more per $
QIPT
-2.1%
-28.1%
FSP
More free cash flow
QIPT
QIPT
$19.5M more FCF
QIPT
$6.9M
$-12.7M
FSP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FSP
FSP
QIPT
QIPT
Revenue
$26.0M
$49.0M
Net Profit
$-7.3M
$-1.1M
Gross Margin
59.4%
53.5%
Operating Margin
-27.9%
2.1%
Net Margin
-28.1%
-2.1%
Revenue YoY
-8.2%
32.3%
Net Profit YoY
14.1%
2.9%
EPS (diluted)
$-0.06
$-0.02

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
QIPT
QIPT
Q4 25
$26.0M
$49.0M
Q3 25
$27.3M
$39.8M
Q2 25
$26.7M
$35.1M
Q1 25
$27.1M
$33.3M
Q4 24
$28.4M
$37.1M
Q3 24
$29.7M
Q2 24
$30.8M
Q1 24
$31.2M
Net Profit
FSP
FSP
QIPT
QIPT
Q4 25
$-7.3M
$-1.1M
Q3 25
$-8.3M
$-3.5M
Q2 25
$-7.9M
$-3.0M
Q1 25
$-21.4M
$-3.0M
Q4 24
$-8.5M
$-1.1M
Q3 24
$-15.6M
Q2 24
$-21.0M
Q1 24
$-7.6M
Gross Margin
FSP
FSP
QIPT
QIPT
Q4 25
59.4%
53.5%
Q3 25
60.9%
48.7%
Q2 25
59.9%
57.6%
Q1 25
62.8%
54.6%
Q4 24
59.7%
52.1%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
FSP
FSP
QIPT
QIPT
Q4 25
-27.9%
2.1%
Q3 25
-30.5%
-3.6%
Q2 25
-29.2%
-5.2%
Q1 25
-78.9%
-3.0%
Q4 24
-29.9%
1.2%
Q3 24
-52.4%
Q2 24
-68.0%
Q1 24
-24.0%
Net Margin
FSP
FSP
QIPT
QIPT
Q4 25
-28.1%
-2.1%
Q3 25
-30.5%
-8.9%
Q2 25
-29.5%
-8.6%
Q1 25
-79.1%
-9.1%
Q4 24
-30.0%
-2.9%
Q3 24
-52.6%
Q2 24
-68.2%
Q1 24
-24.2%
EPS (diluted)
FSP
FSP
QIPT
QIPT
Q4 25
$-0.06
$-0.02
Q3 25
$-0.08
$-0.07
Q2 25
$-0.08
$-0.07
Q1 25
$-0.21
$-0.07
Q4 24
$-0.09
$-0.03
Q3 24
$-0.15
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$30.6M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$607.0M
$113.0M
Total Assets
$892.9M
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
QIPT
QIPT
Q4 25
$30.6M
$10.5M
Q3 25
$31.4M
$12.9M
Q2 25
$29.4M
$11.3M
Q1 25
$30.2M
$17.1M
Q4 24
$41.1M
$15.5M
Q3 24
$40.9M
Q2 24
$30.2M
Q1 24
$34.2M
Total Debt
FSP
FSP
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FSP
FSP
QIPT
QIPT
Q4 25
$607.0M
$113.0M
Q3 25
$615.3M
$112.1M
Q2 25
$624.7M
$102.5M
Q1 25
$633.4M
$103.6M
Q4 24
$655.9M
$106.3M
Q3 24
$665.4M
Q2 24
$682.1M
Q1 24
$703.9M
Total Assets
FSP
FSP
QIPT
QIPT
Q4 25
$892.9M
$280.7M
Q3 25
$901.0M
$283.3M
Q2 25
$903.2M
$236.1M
Q1 25
$916.4M
$244.6M
Q4 24
$946.9M
$242.8M
Q3 24
$981.5M
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
FSP
FSP
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
Q2 24
Q1 24

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
QIPT
QIPT
Operating Cash FlowLast quarter
$3.8M
$8.9M
Free Cash FlowOCF − Capex
$-12.7M
$6.9M
FCF MarginFCF / Revenue
-48.6%
14.0%
Capex IntensityCapex / Revenue
63.0%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
QIPT
QIPT
Q4 25
$3.8M
$8.9M
Q3 25
$8.3M
$9.8M
Q2 25
$-2.9M
$9.7M
Q1 25
$-5.5M
$8.9M
Q4 24
$9.0M
$9.3M
Q3 24
$14.5M
Q2 24
$-648.0K
Q1 24
$-7.1M
Free Cash Flow
FSP
FSP
QIPT
QIPT
Q4 25
$-12.7M
$6.9M
Q3 25
$3.0M
$8.0M
Q2 25
$-5.7M
$4.4M
Q1 25
$-9.9M
$7.3M
Q4 24
$-16.2M
$5.6M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
FSP
FSP
QIPT
QIPT
Q4 25
-48.6%
14.0%
Q3 25
11.0%
20.0%
Q2 25
-21.5%
12.6%
Q1 25
-36.7%
22.0%
Q4 24
-57.2%
15.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
FSP
FSP
QIPT
QIPT
Q4 25
63.0%
4.2%
Q3 25
19.4%
4.6%
Q2 25
10.7%
14.9%
Q1 25
16.4%
4.8%
Q4 24
88.9%
9.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%

Financial Flow Comparison

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

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