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

FrontView REIT, Inc. is the larger business by last-quarter revenue ($16.5M vs $12.5M, roughly 1.3× Workhorse Group Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -166.5%, a 141.6% gap on every dollar of revenue.

Workhorse Group is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, USA. In 2025, it merged its operations with those of Motiv Electric Trucks, forming a new entity known as Workhorse.

FVR vs WKHS — Head-to-Head

Bigger by revenue
FVR
FVR
1.3× larger
FVR
$16.5M
$12.5M
WKHS
Higher net margin
FVR
FVR
141.6% more per $
FVR
-24.9%
-166.5%
WKHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
WKHS
WKHS
Revenue
$16.5M
$12.5M
Net Profit
$-4.1M
$-20.8M
Gross Margin
80.4%
Operating Margin
-28.6%
Net Margin
-24.9%
-166.5%
Revenue YoY
432.0%
Net Profit YoY
-171.8%
EPS (diluted)
$-0.19
$0.09

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
WKHS
WKHS
Q4 25
$16.5M
$12.5M
Q3 25
$16.8M
$2.4M
Q2 25
$17.6M
$5.7M
Q1 25
$16.2M
$640.9K
Q4 24
$2.4M
Q3 24
$14.5M
$2.5M
Q2 24
$842.4K
Q1 24
$1.3M
Net Profit
FVR
FVR
WKHS
WKHS
Q4 25
$-4.1M
$-20.8M
Q3 25
$4.0M
$-7.8M
Q2 25
$-2.9M
$-14.8M
Q1 25
$-833.0K
$-20.6M
Q4 24
$29.0M
Q3 24
$-2.4M
$-25.1M
Q2 24
$-26.3M
Q1 24
$-29.2M
Gross Margin
FVR
FVR
WKHS
WKHS
Q4 25
80.4%
Q3 25
-323.2%
Q2 25
-130.2%
Q1 25
Q4 24
Q3 24
-164.7%
Q2 24
Q1 24
Operating Margin
FVR
FVR
WKHS
WKHS
Q4 25
-28.6%
Q3 25
-694.2%
Q2 25
-255.3%
Q1 25
-2002.9%
Q4 24
Q3 24
-564.5%
Q2 24
-2435.6%
Q1 24
-1771.6%
Net Margin
FVR
FVR
WKHS
WKHS
Q4 25
-24.9%
-166.5%
Q3 25
23.9%
-328.2%
Q2 25
-16.5%
-260.7%
Q1 25
-5.1%
-3221.0%
Q4 24
1233.7%
Q3 24
-16.7%
-1001.5%
Q2 24
-3124.3%
Q1 24
-2177.0%
EPS (diluted)
FVR
FVR
WKHS
WKHS
Q4 25
$-0.19
$0.09
Q3 25
$0.19
$-0.50
Q2 25
$-0.16
$-1.67
Q1 25
$-0.06
$-4.68
Q4 24
$51.11
Q3 24
$-0.98
Q2 24
$-17.45
Q1 24
$-24.09

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
WKHS
WKHS
Cash + ST InvestmentsLiquidity on hand
$13.5M
$12.9M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$43.0M
Total Assets
$854.4M
$117.9M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
WKHS
WKHS
Q4 25
$13.5M
$12.9M
Q3 25
$19.6M
$12.7M
Q2 25
$8.4M
$2.2M
Q1 25
$3.3M
$2.6M
Q4 24
$6.6M
Q3 24
$3.2M
Q2 24
$5.3M
Q1 24
$6.7M
Total Debt
FVR
FVR
WKHS
WKHS
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
WKHS
WKHS
Q4 25
$391.2M
$43.0M
Q3 25
$385.2M
$32.1M
Q2 25
$369.9M
$22.3M
Q1 25
$324.7M
$31.4M
Q4 24
$-40.8M
Q3 24
$1.0K
$47.3M
Q2 24
$58.6M
Q1 24
$67.4M
Total Assets
FVR
FVR
WKHS
WKHS
Q4 25
$854.4M
$117.9M
Q3 25
$846.8M
$116.7M
Q2 25
$856.5M
$99.3M
Q1 25
$860.8M
$115.5M
Q4 24
$37.4M
Q3 24
$1.0K
$101.4M
Q2 24
$105.4M
Q1 24
$113.9M
Debt / Equity
FVR
FVR
WKHS
WKHS
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
WKHS
WKHS
Operating Cash FlowLast quarter
$42.1M
$-10.5M
Free Cash FlowOCF − Capex
$-11.1M
FCF MarginFCF / Revenue
-89.0%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
WKHS
WKHS
Q4 25
$42.1M
$-10.5M
Q3 25
$8.3M
Q2 25
$9.3M
Q1 25
$8.1M
$-8.2M
Q4 24
$2.0M
Q3 24
Q2 24
$-12.1M
Q1 24
$-18.0M
Free Cash Flow
FVR
FVR
WKHS
WKHS
Q4 25
$-11.1M
Q3 25
Q2 25
Q1 25
$-8.2M
Q4 24
$1.2M
Q3 24
Q2 24
$-12.8M
Q1 24
$-21.0M
FCF Margin
FVR
FVR
WKHS
WKHS
Q4 25
-89.0%
Q3 25
Q2 25
Q1 25
-1275.0%
Q4 24
52.2%
Q3 24
Q2 24
-1523.4%
Q1 24
-1567.2%
Capex Intensity
FVR
FVR
WKHS
WKHS
Q4 25
4.8%
Q3 25
Q2 25
Q1 25
2.8%
Q4 24
31.2%
Q3 24
Q2 24
87.1%
Q1 24
225.9%
Cash Conversion
FVR
FVR
WKHS
WKHS
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
0.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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