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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $12.6M, roughly 1.3× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -24.9%, a 275.6% gap on every dollar of revenue.

FVR vs SPRO — Head-to-Head

Bigger by revenue
FVR
FVR
1.3× larger
FVR
$16.5M
$12.6M
SPRO
Higher net margin
SPRO
SPRO
275.6% more per $
SPRO
250.7%
-24.9%
FVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
SPRO
SPRO
Revenue
$16.5M
$12.6M
Net Profit
$-4.1M
$31.5M
Gross Margin
Operating Margin
Net Margin
-24.9%
250.7%
Revenue YoY
24080.8%
Net Profit YoY
250.9%
EPS (diluted)
$-0.19
$0.56

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
FVR
FVR
SPRO
SPRO
Q4 25
$16.5M
$12.6M
Q3 25
$16.8M
$0
Q2 25
$17.6M
$0
Q1 25
$16.2M
$12.0K
Q4 24
$52.0K
Q3 24
$14.5M
$65.0K
Q2 24
$114.0K
Q1 24
$140.0K
Net Profit
FVR
FVR
SPRO
SPRO
Q4 25
$-4.1M
$31.5M
Q3 25
$4.0M
$-7.4M
Q2 25
$-2.9M
$-1.7M
Q1 25
$-833.0K
$-13.9M
Q4 24
Q3 24
$-2.4M
$-17.1M
Q2 24
$-17.9M
Q1 24
$-12.7M
Operating Margin
FVR
FVR
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
-122758.3%
Q4 24
Q3 24
-28604.6%
Q2 24
-16720.2%
Q1 24
-9987.1%
Net Margin
FVR
FVR
SPRO
SPRO
Q4 25
-24.9%
250.7%
Q3 25
23.9%
Q2 25
-16.5%
Q1 25
-5.1%
-115550.0%
Q4 24
Q3 24
-16.7%
-26380.0%
Q2 24
-15668.4%
Q1 24
-9049.3%
EPS (diluted)
FVR
FVR
SPRO
SPRO
Q4 25
$-0.19
$0.56
Q3 25
$0.19
$-0.13
Q2 25
$-0.16
$-0.03
Q1 25
$-0.06
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$13.5M
$40.3M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$59.0M
Total Assets
$854.4M
$68.9M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
SPRO
SPRO
Q4 25
$13.5M
$40.3M
Q3 25
$19.6M
$48.6M
Q2 25
$8.4M
$31.2M
Q1 25
$3.3M
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Total Debt
FVR
FVR
SPRO
SPRO
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVR
FVR
SPRO
SPRO
Q4 25
$391.2M
$59.0M
Q3 25
$385.2M
$26.5M
Q2 25
$369.9M
$32.8M
Q1 25
$324.7M
$33.8M
Q4 24
$46.1M
Q3 24
$1.0K
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
FVR
FVR
SPRO
SPRO
Q4 25
$854.4M
$68.9M
Q3 25
$846.8M
$54.2M
Q2 25
$856.5M
$62.1M
Q1 25
$860.8M
$77.7M
Q4 24
$110.5M
Q3 24
$1.0K
$135.2M
Q2 24
$149.9M
Q1 24
$167.7M
Debt / Equity
FVR
FVR
SPRO
SPRO
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVR
FVR
SPRO
SPRO
Operating Cash FlowLast quarter
$42.1M
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
SPRO
SPRO
Q4 25
$42.1M
$-8.4M
Q3 25
$8.3M
$17.4M
Q2 25
$9.3M
$-17.7M
Q1 25
$8.1M
$-4.0M
Q4 24
$-23.4M
Q3 24
$12.8M
Q2 24
$-18.7M
Q1 24
$5.9M
Cash Conversion
FVR
FVR
SPRO
SPRO
Q4 25
-0.26×
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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