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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $26.0M, roughly 1.4× FRANKLIN STREET PROPERTIES CORP). SmartRent, Inc. runs the higher net margin — -8.9% vs -28.1%, a 19.2% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -8.2%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-12.7M). Over the past eight quarters, FRANKLIN STREET PROPERTIES CORP's revenue compounded faster (-8.7% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
FSP vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $36.5M |
| Net Profit | $-7.3M | $-3.2M |
| Gross Margin | 59.4% | 38.6% |
| Operating Margin | -27.9% | -10.9% |
| Net Margin | -28.1% | -8.9% |
| Revenue YoY | -8.2% | 3.1% |
| Net Profit YoY | 14.1% | 71.6% |
| 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.
| Q4 25 | $26.0M | $36.5M | ||
| Q3 25 | $27.3M | $36.2M | ||
| Q2 25 | $26.7M | $38.3M | ||
| Q1 25 | $27.1M | $41.3M | ||
| Q4 24 | $28.4M | $35.4M | ||
| Q3 24 | $29.7M | $40.5M | ||
| Q2 24 | $30.8M | $48.5M | ||
| Q1 24 | $31.2M | $50.5M |
| Q4 25 | $-7.3M | $-3.2M | ||
| Q3 25 | $-8.3M | $-6.3M | ||
| Q2 25 | $-7.9M | $-10.9M | ||
| Q1 25 | $-21.4M | $-40.2M | ||
| Q4 24 | $-8.5M | $-11.4M | ||
| Q3 24 | $-15.6M | $-9.9M | ||
| Q2 24 | $-21.0M | $-4.6M | ||
| Q1 24 | $-7.6M | $-7.7M |
| Q4 25 | 59.4% | 38.6% | ||
| Q3 25 | 60.9% | 26.4% | ||
| Q2 25 | 59.9% | 33.1% | ||
| Q1 25 | 62.8% | 32.8% | ||
| Q4 24 | 59.7% | 28.7% | ||
| Q3 24 | 61.0% | 33.2% | ||
| Q2 24 | 64.2% | 35.7% | ||
| Q1 24 | 64.7% | 38.5% |
| Q4 25 | -27.9% | -10.9% | ||
| Q3 25 | -30.5% | -19.4% | ||
| Q2 25 | -29.2% | -30.5% | ||
| Q1 25 | -78.9% | -99.9% | ||
| Q4 24 | -29.9% | -36.6% | ||
| Q3 24 | -52.4% | -29.0% | ||
| Q2 24 | -68.0% | -14.3% | ||
| Q1 24 | -24.0% | -20.1% |
| Q4 25 | -28.1% | -8.9% | ||
| Q3 25 | -30.5% | -17.3% | ||
| Q2 25 | -29.5% | -28.3% | ||
| Q1 25 | -79.1% | -97.2% | ||
| Q4 24 | -30.0% | -32.3% | ||
| Q3 24 | -52.6% | -24.5% | ||
| Q2 24 | -68.2% | -9.5% | ||
| Q1 24 | -24.2% | -15.2% |
| Q4 25 | $-0.06 | $-0.02 | ||
| Q3 25 | $-0.08 | $-0.03 | ||
| Q2 25 | $-0.08 | $-0.06 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.09 | $-0.06 | ||
| Q3 24 | $-0.15 | $-0.05 | ||
| Q2 24 | $-0.20 | $-0.02 | ||
| Q1 24 | $-0.07 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $232.1M |
| Total Assets | $892.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $104.5M | ||
| Q3 25 | $31.4M | $100.0M | ||
| Q2 25 | $29.4M | $105.0M | ||
| Q1 25 | $30.2M | $125.6M | ||
| Q4 24 | $41.1M | $142.5M | ||
| Q3 24 | $40.9M | $163.4M | ||
| Q2 24 | $30.2M | $187.4M | ||
| Q1 24 | $34.2M | $204.7M |
| Q4 25 | $607.0M | $232.1M | ||
| Q3 25 | $615.3M | $234.4M | ||
| Q2 25 | $624.7M | $238.8M | ||
| Q1 25 | $633.4M | $250.7M | ||
| Q4 24 | $655.9M | $289.4M | ||
| Q3 24 | $665.4M | $305.1M | ||
| Q2 24 | $682.1M | $329.4M | ||
| Q1 24 | $703.9M | $333.1M |
| Q4 25 | $892.9M | $320.9M | ||
| Q3 25 | $901.0M | $335.8M | ||
| Q2 25 | $903.2M | $354.0M | ||
| Q1 25 | $916.4M | $366.1M | ||
| Q4 24 | $946.9M | $420.2M | ||
| Q3 24 | $981.5M | $448.6M | ||
| Q2 24 | $1.0B | $475.3M | ||
| Q1 24 | $1.0B | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $-12.7M | $7.7M |
| FCF MarginFCF / Revenue | -48.6% | 21.0% |
| Capex IntensityCapex / Revenue | 63.0% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-25.3M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $7.7M | ||
| Q3 25 | $8.3M | $-2.1M | ||
| Q2 25 | $-2.9M | $-14.9M | ||
| Q1 25 | $-5.5M | $-12.2M | ||
| Q4 24 | $9.0M | $-12.0M | ||
| Q3 24 | $14.5M | $-3.7M | ||
| Q2 24 | $-648.0K | $-13.9M | ||
| Q1 24 | $-7.1M | $-3.3M |
| Q4 25 | $-12.7M | $7.7M | ||
| Q3 25 | $3.0M | $-2.2M | ||
| Q2 25 | $-5.7M | $-16.2M | ||
| Q1 25 | $-9.9M | $-14.3M | ||
| Q4 24 | $-16.2M | $-13.3M | ||
| Q3 24 | $8.6M | $-3.9M | ||
| Q2 24 | $-5.1M | $-14.1M | ||
| Q1 24 | $-15.8M | $-3.4M |
| Q4 25 | -48.6% | 21.0% | ||
| Q3 25 | 11.0% | -6.1% | ||
| Q2 25 | -21.5% | -42.3% | ||
| Q1 25 | -36.7% | -34.7% | ||
| Q4 24 | -57.2% | -37.5% | ||
| Q3 24 | 29.1% | -9.7% | ||
| Q2 24 | -16.7% | -29.1% | ||
| Q1 24 | -50.8% | -6.7% |
| Q4 25 | 63.0% | 0.0% | ||
| Q3 25 | 19.4% | 0.2% | ||
| Q2 25 | 10.7% | 3.3% | ||
| Q1 25 | 16.4% | 5.3% | ||
| Q4 24 | 88.9% | 3.5% | ||
| Q3 24 | 19.6% | 0.6% | ||
| Q2 24 | 14.6% | 0.5% | ||
| Q1 24 | 28.1% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSP
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
