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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Sight Sciences, Inc. (SGHT). 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 $20.4M, roughly 1.3× Sight Sciences, Inc.). Sight Sciences, Inc. runs the higher net margin — -20.4% vs -28.1%, a 7.7% gap on every dollar of revenue. On growth, Sight Sciences, Inc. posted the faster year-over-year revenue change (6.9% vs -8.2%). Sight Sciences, Inc. produced more free cash flow last quarter ($-2.0M vs $-12.7M). Over the past eight quarters, Sight Sciences, Inc.'s revenue compounded faster (2.9% 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.

Sight Sciences, Inc. is a commercial-stage medical technology company focused on developing and commercializing innovative products for treating common eye conditions including glaucoma and dry eye disease. It offers minimally invasive surgical devices and non-surgical care solutions, primarily serving ophthalmology clinicians and patients across the United States.

FSP vs SGHT — Head-to-Head

Bigger by revenue
FSP
FSP
1.3× larger
FSP
$26.0M
$20.4M
SGHT
Growing faster (revenue YoY)
SGHT
SGHT
+15.1% gap
SGHT
6.9%
-8.2%
FSP
Higher net margin
SGHT
SGHT
7.7% more per $
SGHT
-20.4%
-28.1%
FSP
More free cash flow
SGHT
SGHT
$10.7M more FCF
SGHT
$-2.0M
$-12.7M
FSP
Faster 2-yr revenue CAGR
SGHT
SGHT
Annualised
SGHT
2.9%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSP
FSP
SGHT
SGHT
Revenue
$26.0M
$20.4M
Net Profit
$-7.3M
$-4.2M
Gross Margin
59.4%
87.3%
Operating Margin
-27.9%
-18.0%
Net Margin
-28.1%
-20.4%
Revenue YoY
-8.2%
6.9%
Net Profit YoY
14.1%
64.9%
EPS (diluted)
$-0.06
$-0.07

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
SGHT
SGHT
Q4 25
$26.0M
$20.4M
Q3 25
$27.3M
$19.9M
Q2 25
$26.7M
$19.6M
Q1 25
$27.1M
$17.5M
Q4 24
$28.4M
$19.1M
Q3 24
$29.7M
$20.2M
Q2 24
$30.8M
$21.4M
Q1 24
$31.2M
$19.3M
Net Profit
FSP
FSP
SGHT
SGHT
Q4 25
$-7.3M
$-4.2M
Q3 25
$-8.3M
$-8.2M
Q2 25
$-7.9M
$-11.9M
Q1 25
$-21.4M
$-14.2M
Q4 24
$-8.5M
$-11.8M
Q3 24
$-15.6M
$-11.1M
Q2 24
$-21.0M
$-12.3M
Q1 24
$-7.6M
$-16.3M
Gross Margin
FSP
FSP
SGHT
SGHT
Q4 25
59.4%
87.3%
Q3 25
60.9%
86.4%
Q2 25
59.9%
84.8%
Q1 25
62.8%
86.2%
Q4 24
59.7%
86.8%
Q3 24
61.0%
83.9%
Q2 24
64.2%
85.8%
Q1 24
64.7%
85.5%
Operating Margin
FSP
FSP
SGHT
SGHT
Q4 25
-27.9%
-18.0%
Q3 25
-30.5%
-39.7%
Q2 25
-29.2%
-59.6%
Q1 25
-78.9%
-79.2%
Q4 24
-29.9%
-62.5%
Q3 24
-52.4%
-55.7%
Q2 24
-68.0%
-59.2%
Q1 24
-24.0%
-76.4%
Net Margin
FSP
FSP
SGHT
SGHT
Q4 25
-28.1%
-20.4%
Q3 25
-30.5%
-41.0%
Q2 25
-29.5%
-61.0%
Q1 25
-79.1%
-80.8%
Q4 24
-30.0%
-62.1%
Q3 24
-52.6%
-54.9%
Q2 24
-68.2%
-57.7%
Q1 24
-24.2%
-84.4%
EPS (diluted)
FSP
FSP
SGHT
SGHT
Q4 25
$-0.06
$-0.07
Q3 25
$-0.08
$-0.16
Q2 25
$-0.08
$-0.23
Q1 25
$-0.21
$-0.28
Q4 24
$-0.09
$-0.23
Q3 24
$-0.15
$-0.22
Q2 24
$-0.20
$-0.25
Q1 24
$-0.07
$-0.33

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
SGHT
SGHT
Cash + ST InvestmentsLiquidity on hand
$30.6M
$92.0M
Total DebtLower is stronger
$42.4M
Stockholders' EquityBook value
$607.0M
$63.9M
Total Assets
$892.9M
$115.3M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
SGHT
SGHT
Q4 25
$30.6M
$92.0M
Q3 25
$31.4M
$92.4M
Q2 25
$29.4M
$101.5M
Q1 25
$30.2M
$108.8M
Q4 24
$41.1M
$120.4M
Q3 24
$40.9M
$118.6M
Q2 24
$30.2M
$118.2M
Q1 24
$34.2M
$127.3M
Total Debt
FSP
FSP
SGHT
SGHT
Q4 25
$42.4M
Q3 25
$42.4M
Q2 25
$42.4M
Q1 25
$42.4M
Q4 24
$40.0M
Q3 24
$37.1M
Q2 24
$35.0M
Q1 24
$35.0M
Stockholders' Equity
FSP
FSP
SGHT
SGHT
Q4 25
$607.0M
$63.9M
Q3 25
$615.3M
$64.3M
Q2 25
$624.7M
$70.0M
Q1 25
$633.4M
$77.6M
Q4 24
$655.9M
$87.5M
Q3 24
$665.4M
$95.0M
Q2 24
$682.1M
$101.6M
Q1 24
$703.9M
$109.2M
Total Assets
FSP
FSP
SGHT
SGHT
Q4 25
$892.9M
$115.3M
Q3 25
$901.0M
$116.3M
Q2 25
$903.2M
$122.0M
Q1 25
$916.4M
$129.7M
Q4 24
$946.9M
$142.8M
Q3 24
$981.5M
$143.6M
Q2 24
$1.0B
$149.7M
Q1 24
$1.0B
$155.6M
Debt / Equity
FSP
FSP
SGHT
SGHT
Q4 25
0.66×
Q3 25
0.66×
Q2 25
0.61×
Q1 25
0.55×
Q4 24
0.46×
Q3 24
0.39×
Q2 24
0.34×
Q1 24
0.32×

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
SGHT
SGHT
Operating Cash FlowLast quarter
$3.8M
$-1.8M
Free Cash FlowOCF − Capex
$-12.7M
$-2.0M
FCF MarginFCF / Revenue
-48.6%
-9.7%
Capex IntensityCapex / Revenue
63.0%
0.8%
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
SGHT
SGHT
Q4 25
$3.8M
$-1.8M
Q3 25
$8.3M
$-8.7M
Q2 25
$-2.9M
$-7.5M
Q1 25
$-5.5M
$-11.6M
Q4 24
$9.0M
$-3.5M
Q3 24
$14.5M
$362.0K
Q2 24
$-648.0K
$-9.5M
Q1 24
$-7.1M
$-9.8M
Free Cash Flow
FSP
FSP
SGHT
SGHT
Q4 25
$-12.7M
$-2.0M
Q3 25
$3.0M
$-8.9M
Q2 25
$-5.7M
$-7.8M
Q1 25
$-9.9M
Q4 24
$-16.2M
$-3.6M
Q3 24
$8.6M
$311.0K
Q2 24
$-5.1M
$-9.5M
Q1 24
$-15.8M
$-9.9M
FCF Margin
FSP
FSP
SGHT
SGHT
Q4 25
-48.6%
-9.7%
Q3 25
11.0%
-44.7%
Q2 25
-21.5%
-39.6%
Q1 25
-36.7%
Q4 24
-57.2%
-18.9%
Q3 24
29.1%
1.5%
Q2 24
-16.7%
-44.7%
Q1 24
-50.8%
-51.4%
Capex Intensity
FSP
FSP
SGHT
SGHT
Q4 25
63.0%
0.8%
Q3 25
19.4%
0.9%
Q2 25
10.7%
1.1%
Q1 25
16.4%
0.0%
Q4 24
88.9%
0.7%
Q3 24
19.6%
0.3%
Q2 24
14.6%
0.4%
Q1 24
28.1%
0.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSP
FSP

Segment breakdown not available.

SGHT
SGHT

Surgical Glaucoma$19.7M96%
Other$724.0K4%

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