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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $26.0M, roughly 1.8× FRANKLIN STREET PROPERTIES CORP). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -33.9%, a 5.8% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
FSP vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $47.1M |
| Net Profit | $-7.3M | $-16.0M |
| Gross Margin | 59.4% | 48.9% |
| Operating Margin | -27.9% | -17.7% |
| Net Margin | -28.1% | -33.9% |
| Revenue YoY | -8.2% | -15.6% |
| Net Profit YoY | 14.1% | 68.8% |
| EPS (diluted) | $-0.06 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $27.3M | $38.2M | ||
| Q2 25 | $26.7M | $38.4M | ||
| Q1 25 | $27.1M | $32.5M | ||
| Q4 24 | $28.4M | $55.8M | ||
| Q3 24 | $29.7M | $29.3M | ||
| Q2 24 | $30.8M | $34.0M | ||
| Q1 24 | $31.2M | $25.5M |
| Q4 25 | $-7.3M | $-16.0M | ||
| Q3 25 | $-8.3M | $-23.8M | ||
| Q2 25 | $-7.9M | $202.5M | ||
| Q1 25 | $-21.4M | $-25.0M | ||
| Q4 24 | $-8.5M | $-51.1M | ||
| Q3 24 | $-15.6M | $-148.3M | ||
| Q2 24 | $-21.0M | $-582.3M | ||
| Q1 24 | $-7.6M | $-72.3M |
| Q4 25 | 59.4% | 48.9% | ||
| Q3 25 | 60.9% | 35.5% | ||
| Q2 25 | 59.9% | 33.4% | ||
| Q1 25 | 62.8% | 32.4% | ||
| Q4 24 | 59.7% | -4.4% | ||
| Q3 24 | 61.0% | 21.2% | ||
| Q2 24 | 64.2% | 27.6% | ||
| Q1 24 | 64.7% | -95.0% |
| Q4 25 | -27.9% | -17.7% | ||
| Q3 25 | -30.5% | -33.6% | ||
| Q2 25 | -29.2% | -34.8% | ||
| Q1 25 | -78.9% | -65.0% | ||
| Q4 24 | -29.9% | -84.4% | ||
| Q3 24 | -52.4% | -493.2% | ||
| Q2 24 | -68.0% | -1705.5% | ||
| Q1 24 | -24.0% | -267.0% |
| Q4 25 | -28.1% | -33.9% | ||
| Q3 25 | -30.5% | -62.2% | ||
| Q2 25 | -29.5% | 527.8% | ||
| Q1 25 | -79.1% | -76.9% | ||
| Q4 24 | -30.0% | -91.6% | ||
| Q3 24 | -52.6% | -506.3% | ||
| Q2 24 | -68.2% | -1712.6% | ||
| Q1 24 | -24.2% | -283.9% |
| Q4 25 | $-0.06 | $-4.40 | ||
| Q3 25 | $-0.08 | $-2.84 | ||
| Q2 25 | $-0.08 | $-1.79 | ||
| Q1 25 | $-0.21 | $-0.15 | ||
| Q4 24 | $-0.09 | $-15.29 | ||
| Q3 24 | $-0.15 | $-18.24 | ||
| Q2 24 | $-0.20 | $-71.81 | ||
| Q1 24 | $-0.07 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $607.0M | $-249.4M |
| Total Assets | $892.9M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.6M | $48.9M | ||
| Q3 25 | $31.4M | $43.1M | ||
| Q2 25 | $29.4M | $40.8M | ||
| Q1 25 | $30.2M | $58.6M | ||
| Q4 24 | $41.1M | $56.3M | ||
| Q3 24 | $40.9M | $75.4M | ||
| Q2 24 | $30.2M | $89.6M | ||
| Q1 24 | $34.2M | $112.8M |
| Q4 25 | $607.0M | $-249.4M | ||
| Q3 25 | $615.3M | $-235.7M | ||
| Q2 25 | $624.7M | $-214.1M | ||
| Q1 25 | $633.4M | $-417.5M | ||
| Q4 24 | $655.9M | $-398.4M | ||
| Q3 24 | $665.4M | $-344.1M | ||
| Q2 24 | $682.1M | $-203.2M | ||
| Q1 24 | $703.9M | $371.6M |
| Q4 25 | $892.9M | $308.9M | ||
| Q3 25 | $901.0M | $362.6M | ||
| Q2 25 | $903.2M | $379.2M | ||
| Q1 25 | $916.4M | $405.1M | ||
| Q4 24 | $946.9M | $437.4M | ||
| Q3 24 | $981.5M | $537.8M | ||
| Q2 24 | $1.0B | $691.5M | ||
| Q1 24 | $1.0B | $1.3B |
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 | $8.2M |
| 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.
| Q4 25 | $3.8M | $8.2M | ||
| Q3 25 | $8.3M | $11.4M | ||
| Q2 25 | $-2.9M | $-21.3M | ||
| Q1 25 | $-5.5M | $8.5M | ||
| Q4 24 | $9.0M | $-14.7M | ||
| Q3 24 | $14.5M | $-9.4M | ||
| Q2 24 | $-648.0K | $-11.9M | ||
| Q1 24 | $-7.1M | $-621.0K |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
