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Side-by-side financial comparison of FRANKLIN STREET PROPERTIES CORP (FSP) and Entrada Therapeutics, Inc. (TRDA). 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 $20.6M, roughly 1.3× Entrada Therapeutics, Inc.). FRANKLIN STREET PROPERTIES CORP runs the higher net margin — -28.1% vs -84.4%, a 56.3% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -65.2%). FRANKLIN STREET PROPERTIES CORP produced more free cash flow last quarter ($-12.7M vs $-39.7M). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% 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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

FSP vs TRDA — Head-to-Head

Bigger by revenue
FSP
FSP
1.3× larger
FSP
$26.0M
$20.6M
TRDA
Growing faster (revenue YoY)
FSP
FSP
+57.0% gap
FSP
-8.2%
-65.2%
TRDA
Higher net margin
FSP
FSP
56.3% more per $
FSP
-28.1%
-84.4%
TRDA
More free cash flow
FSP
FSP
$27.0M more FCF
FSP
$-12.7M
$-39.7M
TRDA
Faster 2-yr revenue CAGR
TRDA
TRDA
Annualised
TRDA
6.4%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
FSP
FSP
TRDA
TRDA
Revenue
$26.0M
$20.6M
Net Profit
$-7.3M
$-17.3M
Gross Margin
59.4%
Operating Margin
-27.9%
-106.0%
Net Margin
-28.1%
-84.4%
Revenue YoY
-8.2%
-65.2%
Net Profit YoY
14.1%
-173.8%
EPS (diluted)
$-0.06
$-0.42

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
TRDA
TRDA
Q4 25
$26.0M
Q3 25
$27.3M
Q2 25
$26.7M
Q1 25
$27.1M
$20.6M
Q4 24
$28.4M
$37.4M
Q3 24
$29.7M
$19.6M
Q2 24
$30.8M
$94.7M
Q1 24
$31.2M
$59.1M
Net Profit
FSP
FSP
TRDA
TRDA
Q4 25
$-7.3M
Q3 25
$-8.3M
Q2 25
$-7.9M
Q1 25
$-21.4M
$-17.3M
Q4 24
$-8.5M
$1.1M
Q3 24
$-15.6M
$-14.0M
Q2 24
$-21.0M
$55.0M
Q1 24
$-7.6M
$23.5M
Gross Margin
FSP
FSP
TRDA
TRDA
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
FSP
FSP
TRDA
TRDA
Q4 25
-27.9%
Q3 25
-30.5%
Q2 25
-29.2%
Q1 25
-78.9%
-106.0%
Q4 24
-29.9%
-15.7%
Q3 24
-52.4%
-110.7%
Q2 24
-68.0%
56.4%
Q1 24
-24.0%
35.7%
Net Margin
FSP
FSP
TRDA
TRDA
Q4 25
-28.1%
Q3 25
-30.5%
Q2 25
-29.5%
Q1 25
-79.1%
-84.4%
Q4 24
-30.0%
3.0%
Q3 24
-52.6%
-71.7%
Q2 24
-68.2%
58.1%
Q1 24
-24.2%
39.7%
EPS (diluted)
FSP
FSP
TRDA
TRDA
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
$-0.42
Q4 24
$-0.09
$-0.20
Q3 24
$-0.15
$-0.35
Q2 24
$-0.20
$1.55
Q1 24
$-0.07
$0.68

Balance Sheet & Financial Strength

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

Metric
FSP
FSP
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$30.6M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$607.0M
$417.3M
Total Assets
$892.9M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSP
FSP
TRDA
TRDA
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$29.4M
Q1 25
$30.2M
$67.8M
Q4 24
$41.1M
$101.2M
Q3 24
$40.9M
$78.0M
Q2 24
$30.2M
$185.3M
Q1 24
$34.2M
$68.4M
Stockholders' Equity
FSP
FSP
TRDA
TRDA
Q4 25
$607.0M
Q3 25
$615.3M
Q2 25
$624.7M
Q1 25
$633.4M
$417.3M
Q4 24
$655.9M
$428.7M
Q3 24
$665.4M
$422.4M
Q2 24
$682.1M
$429.9M
Q1 24
$703.9M
$269.4M
Total Assets
FSP
FSP
TRDA
TRDA
Q4 25
$892.9M
Q3 25
$901.0M
Q2 25
$903.2M
Q1 25
$916.4M
$486.5M
Q4 24
$946.9M
$526.3M
Q3 24
$981.5M
$554.6M
Q2 24
$1.0B
$582.0M
Q1 24
$1.0B
$510.8M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$3.8M
$-38.5M
Free Cash FlowOCF − Capex
$-12.7M
$-39.7M
FCF MarginFCF / Revenue
-48.6%
-192.9%
Capex IntensityCapex / Revenue
63.0%
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSP
FSP
TRDA
TRDA
Q4 25
$3.8M
Q3 25
$8.3M
Q2 25
$-2.9M
Q1 25
$-5.5M
$-38.5M
Q4 24
$9.0M
$-31.6M
Q3 24
$14.5M
$-24.3M
Q2 24
$-648.0K
$39.8M
Q1 24
$-7.1M
$-25.5M
Free Cash Flow
FSP
FSP
TRDA
TRDA
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
$-39.7M
Q4 24
$-16.2M
$-32.2M
Q3 24
$8.6M
$-24.9M
Q2 24
$-5.1M
$38.8M
Q1 24
$-15.8M
$-26.4M
FCF Margin
FSP
FSP
TRDA
TRDA
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
-192.9%
Q4 24
-57.2%
-86.2%
Q3 24
29.1%
-127.3%
Q2 24
-16.7%
41.0%
Q1 24
-50.8%
-44.6%
Capex Intensity
FSP
FSP
TRDA
TRDA
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
Q1 25
16.4%
5.6%
Q4 24
88.9%
1.7%
Q3 24
19.6%
3.3%
Q2 24
14.6%
1.1%
Q1 24
28.1%
1.4%
Cash Conversion
FSP
FSP
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-27.94×
Q3 24
Q2 24
0.72×
Q1 24
-1.09×

Financial Flow Comparison

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

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