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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $26.0M, roughly 1.2× FRANKLIN STREET PROPERTIES CORP). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -28.1%, a 15.2% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -9.5%). SYPRIS SOLUTIONS INC produced more free cash flow last quarter ($-1.5M vs $-12.7M). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

FSP vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.2× larger
SYPR
$30.3M
$26.0M
FSP
Growing faster (revenue YoY)
FSP
FSP
+1.2% gap
FSP
-8.2%
-9.5%
SYPR
Higher net margin
SYPR
SYPR
15.2% more per $
SYPR
-12.9%
-28.1%
FSP
More free cash flow
SYPR
SYPR
$11.2M more FCF
SYPR
$-1.5M
$-12.7M
FSP
Faster 2-yr revenue CAGR
SYPR
SYPR
Annualised
SYPR
-7.7%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSP
FSP
SYPR
SYPR
Revenue
$26.0M
$30.3M
Net Profit
$-7.3M
$-3.9M
Gross Margin
59.4%
4.6%
Operating Margin
-27.9%
-10.9%
Net Margin
-28.1%
-12.9%
Revenue YoY
-8.2%
-9.5%
Net Profit YoY
14.1%
-2992.6%
EPS (diluted)
$-0.06
$-0.17

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
SYPR
SYPR
Q4 25
$26.0M
$30.3M
Q3 25
$27.3M
$28.7M
Q2 25
$26.7M
$31.4M
Q1 25
$27.1M
$29.5M
Q4 24
$28.4M
$33.4M
Q3 24
$29.7M
$35.7M
Q2 24
$30.8M
$35.5M
Q1 24
$31.2M
$35.6M
Net Profit
FSP
FSP
SYPR
SYPR
Q4 25
$-7.3M
$-3.9M
Q3 25
$-8.3M
$517.0K
Q2 25
$-7.9M
$-2.1M
Q1 25
$-21.4M
$-899.0K
Q4 24
$-8.5M
$135.0K
Q3 24
$-15.6M
$390.0K
Q2 24
$-21.0M
$16.0K
Q1 24
$-7.6M
$-2.2M
Gross Margin
FSP
FSP
SYPR
SYPR
Q4 25
59.4%
4.6%
Q3 25
60.9%
7.2%
Q2 25
59.9%
8.2%
Q1 25
62.8%
11.4%
Q4 24
59.7%
16.1%
Q3 24
61.0%
16.8%
Q2 24
64.2%
15.9%
Q1 24
64.7%
8.1%
Operating Margin
FSP
FSP
SYPR
SYPR
Q4 25
-27.9%
-10.9%
Q3 25
-30.5%
-6.1%
Q2 25
-29.2%
-4.6%
Q1 25
-78.9%
-0.4%
Q4 24
-29.9%
3.9%
Q3 24
-52.4%
4.8%
Q2 24
-68.0%
3.6%
Q1 24
-24.0%
-3.9%
Net Margin
FSP
FSP
SYPR
SYPR
Q4 25
-28.1%
-12.9%
Q3 25
-30.5%
1.8%
Q2 25
-29.5%
-6.5%
Q1 25
-79.1%
-3.0%
Q4 24
-30.0%
0.4%
Q3 24
-52.6%
1.1%
Q2 24
-68.2%
0.0%
Q1 24
-24.2%
-6.2%
EPS (diluted)
FSP
FSP
SYPR
SYPR
Q4 25
$-0.06
$-0.17
Q3 25
$-0.08
$0.02
Q2 25
$-0.08
$-0.09
Q1 25
$-0.21
$-0.04
Q4 24
$-0.09
$0.00
Q3 24
$-0.15
$0.02
Q2 24
$-0.20
$0.00
Q1 24
$-0.07
$-0.10

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$17.8M
Total Assets
$892.9M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
SYPR
SYPR
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$29.4M
Q1 25
$30.2M
Q4 24
$41.1M
Q3 24
$40.9M
Q2 24
$30.2M
Q1 24
$34.2M
Stockholders' Equity
FSP
FSP
SYPR
SYPR
Q4 25
$607.0M
$17.8M
Q3 25
$615.3M
$20.0M
Q2 25
$624.7M
$18.7M
Q1 25
$633.4M
$19.0M
Q4 24
$655.9M
$19.6M
Q3 24
$665.4M
$18.2M
Q2 24
$682.1M
$19.0M
Q1 24
$703.9M
$20.8M
Total Assets
FSP
FSP
SYPR
SYPR
Q4 25
$892.9M
$107.8M
Q3 25
$901.0M
$112.5M
Q2 25
$903.2M
$105.8M
Q1 25
$916.4M
$110.2M
Q4 24
$946.9M
$119.4M
Q3 24
$981.5M
$121.6M
Q2 24
$1.0B
$124.2M
Q1 24
$1.0B
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$3.8M
$-1.1M
Free Cash FlowOCF − Capex
$-12.7M
$-1.5M
FCF MarginFCF / Revenue
-48.6%
-5.0%
Capex IntensityCapex / Revenue
63.0%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
SYPR
SYPR
Q4 25
$3.8M
$-1.1M
Q3 25
$8.3M
$-178.0K
Q2 25
$-2.9M
$1.1M
Q1 25
$-5.5M
$-5.5M
Q4 24
$9.0M
$2.3M
Q3 24
$14.5M
$-4.8M
Q2 24
$-648.0K
$6.2M
Q1 24
$-7.1M
$-1.7M
Free Cash Flow
FSP
FSP
SYPR
SYPR
Q4 25
$-12.7M
$-1.5M
Q3 25
$3.0M
$-390.0K
Q2 25
$-5.7M
$941.0K
Q1 25
$-9.9M
$-5.5M
Q4 24
$-16.2M
$1.9M
Q3 24
$8.6M
$-4.9M
Q2 24
$-5.1M
$6.0M
Q1 24
$-15.8M
$-2.0M
FCF Margin
FSP
FSP
SYPR
SYPR
Q4 25
-48.6%
-5.0%
Q3 25
11.0%
-1.4%
Q2 25
-21.5%
3.0%
Q1 25
-36.7%
-18.8%
Q4 24
-57.2%
5.7%
Q3 24
29.1%
-13.8%
Q2 24
-16.7%
16.8%
Q1 24
-50.8%
-5.7%
Capex Intensity
FSP
FSP
SYPR
SYPR
Q4 25
63.0%
1.3%
Q3 25
19.4%
0.7%
Q2 25
10.7%
0.5%
Q1 25
16.4%
0.0%
Q4 24
88.9%
1.2%
Q3 24
19.6%
0.4%
Q2 24
14.6%
0.5%
Q1 24
28.1%
0.9%
Cash Conversion
FSP
FSP
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSP
FSP

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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