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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and ROCKWELL MEDICAL, INC. (RMTI). 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 $18.3M, roughly 1.4× ROCKWELL MEDICAL, INC.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -28.1%, a 25.1% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -25.6%). ROCKWELL MEDICAL, INC. produced more free cash flow last quarter ($2.2M vs $-12.7M). Over the past eight quarters, FRANKLIN STREET PROPERTIES CORP's revenue compounded faster (-8.7% CAGR vs -10.1%).
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.
Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).
FSP vs RMTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $18.3M |
| Net Profit | $-7.3M | $-554.0K |
| Gross Margin | 59.4% | 21.1% |
| Operating Margin | -27.9% | -2.2% |
| Net Margin | -28.1% | -3.0% |
| Revenue YoY | -8.2% | -25.6% |
| Net Profit YoY | 14.1% | 26.7% |
| EPS (diluted) | $-0.06 | $-0.01 |
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 | $18.3M | ||
| Q3 25 | $27.3M | $15.9M | ||
| Q2 25 | $26.7M | $16.1M | ||
| Q1 25 | $27.1M | $18.9M | ||
| Q4 24 | $28.4M | $24.7M | ||
| Q3 24 | $29.7M | $28.3M | ||
| Q2 24 | $30.8M | $25.8M | ||
| Q1 24 | $31.2M | $22.7M |
| Q4 25 | $-7.3M | $-554.0K | ||
| Q3 25 | $-8.3M | $-1.8M | ||
| Q2 25 | $-7.9M | $-1.5M | ||
| Q1 25 | $-21.4M | $-1.5M | ||
| Q4 24 | $-8.5M | $-756.0K | ||
| Q3 24 | $-15.6M | $1.7M | ||
| Q2 24 | $-21.0M | $343.0K | ||
| Q1 24 | $-7.6M | $-1.7M |
| Q4 25 | 59.4% | 21.1% | ||
| Q3 25 | 60.9% | 14.3% | ||
| Q2 25 | 59.9% | 15.6% | ||
| Q1 25 | 62.8% | 16.1% | ||
| Q4 24 | 59.7% | 14.7% | ||
| Q3 24 | 61.0% | 22.0% | ||
| Q2 24 | 64.2% | 17.6% | ||
| Q1 24 | 64.7% | 13.5% |
| Q4 25 | -27.9% | -2.2% | ||
| Q3 25 | -30.5% | -9.9% | ||
| Q2 25 | -29.2% | -8.4% | ||
| Q1 25 | -78.9% | -7.2% | ||
| Q4 24 | -29.9% | -2.1% | ||
| Q3 24 | -52.4% | 6.8% | ||
| Q2 24 | -68.0% | 2.0% | ||
| Q1 24 | -24.0% | -5.8% |
| Q4 25 | -28.1% | -3.0% | ||
| Q3 25 | -30.5% | -11.0% | ||
| Q2 25 | -29.5% | -9.3% | ||
| Q1 25 | -79.1% | -8.0% | ||
| Q4 24 | -30.0% | -3.1% | ||
| Q3 24 | -52.6% | 5.9% | ||
| Q2 24 | -68.2% | 1.3% | ||
| Q1 24 | -24.2% | -7.6% |
| Q4 25 | $-0.06 | $-0.01 | ||
| Q3 25 | $-0.08 | $-0.05 | ||
| Q2 25 | $-0.08 | $-0.05 | ||
| Q1 25 | $-0.21 | $-0.04 | ||
| Q4 24 | $-0.09 | $-0.02 | ||
| Q3 24 | $-0.15 | $0.04 | ||
| Q2 24 | $-0.20 | $0.01 | ||
| Q1 24 | $-0.07 | $-0.06 |
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 | $10.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $37.0M |
| Total Assets | $892.9M | $57.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $10.7M | ||
| Q3 25 | $31.4M | $13.6M | ||
| Q2 25 | $29.4M | $12.5M | ||
| Q1 25 | $30.2M | $11.4M | ||
| Q4 24 | $41.1M | $15.7M | ||
| Q3 24 | $40.9M | $12.3M | ||
| Q2 24 | $30.2M | $11.9M | ||
| Q1 24 | $34.2M | $6.6M |
| Q4 25 | $607.0M | $37.0M | ||
| Q3 25 | $615.3M | $37.0M | ||
| Q2 25 | $624.7M | $30.4M | ||
| Q1 25 | $633.4M | $31.5M | ||
| Q4 24 | $655.9M | $32.6M | ||
| Q3 24 | $665.4M | $29.1M | ||
| Q2 24 | $682.1M | $23.5M | ||
| Q1 24 | $703.9M | $20.6M |
| Q4 25 | $892.9M | $57.1M | ||
| Q3 25 | $901.0M | $57.5M | ||
| Q2 25 | $903.2M | $52.6M | ||
| Q1 25 | $916.4M | $54.0M | ||
| Q4 24 | $946.9M | $59.2M | ||
| Q3 24 | $981.5M | $57.1M | ||
| Q2 24 | $1.0B | $53.0M | ||
| Q1 24 | $1.0B | $50.7M |
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 | $2.3M |
| Free Cash FlowOCF − Capex | $-12.7M | $2.2M |
| FCF MarginFCF / Revenue | -48.6% | 12.0% |
| Capex IntensityCapex / Revenue | 63.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $-1.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $2.3M | ||
| Q3 25 | $8.3M | $-1.3M | ||
| Q2 25 | $-2.9M | $1.8M | ||
| Q1 25 | $-5.5M | $-3.5M | ||
| Q4 24 | $9.0M | $865.0K | ||
| Q3 24 | $14.5M | $4.3M | ||
| Q2 24 | $-648.0K | $1.4M | ||
| Q1 24 | $-7.1M | $-2.4M |
| Q4 25 | $-12.7M | $2.2M | ||
| Q3 25 | $3.0M | $-1.5M | ||
| Q2 25 | $-5.7M | $1.7M | ||
| Q1 25 | $-9.9M | $-3.5M | ||
| Q4 24 | $-16.2M | $470.0K | ||
| Q3 24 | $8.6M | $4.1M | ||
| Q2 24 | $-5.1M | $1.2M | ||
| Q1 24 | $-15.8M | $-2.5M |
| Q4 25 | -48.6% | 12.0% | ||
| Q3 25 | 11.0% | -9.6% | ||
| Q2 25 | -21.5% | 10.5% | ||
| Q1 25 | -36.7% | -18.8% | ||
| Q4 24 | -57.2% | 1.9% | ||
| Q3 24 | 29.1% | 14.4% | ||
| Q2 24 | -16.7% | 4.5% | ||
| Q1 24 | -50.8% | -11.1% |
| Q4 25 | 63.0% | 0.5% | ||
| Q3 25 | 19.4% | 1.4% | ||
| Q2 25 | 10.7% | 1.0% | ||
| Q1 25 | 16.4% | 0.3% | ||
| Q4 24 | 88.9% | 1.6% | ||
| Q3 24 | 19.6% | 0.7% | ||
| Q2 24 | 14.6% | 1.1% | ||
| Q1 24 | 28.1% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.57× | ||
| Q2 24 | — | 4.20× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSP
Segment breakdown not available.
RMTI
| US | $15.9M | 87% |
| Non Us | $2.4M | 13% |
