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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.

Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $41.9M, roughly 1.4× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 16.6% vs -3.0%, a 19.6% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -3.6%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 6.3%).

Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

GOOD vs STRR — Head-to-Head

Bigger by revenue
STRR
STRR
1.4× larger
STRR
$56.8M
$41.9M
GOOD
Growing faster (revenue YoY)
STRR
STRR
+72.6% gap
STRR
69.0%
-3.6%
GOOD
Higher net margin
GOOD
GOOD
19.6% more per $
GOOD
16.6%
-3.0%
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
6.3%
GOOD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GOOD
GOOD
STRR
STRR
Revenue
$41.9M
$56.8M
Net Profit
$7.0M
$-1.7M
Gross Margin
Operating Margin
160.2%
-0.2%
Net Margin
16.6%
-3.0%
Revenue YoY
-3.6%
69.0%
Net Profit YoY
29.5%
-192.1%
EPS (diluted)
$-0.49

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
GOOD
GOOD
STRR
STRR
Q1 26
$41.9M
Q4 25
$43.5M
$56.8M
Q3 25
$40.8M
$48.0M
Q2 25
$39.5M
$35.5M
Q1 25
$37.5M
$31.9M
Q4 24
$37.4M
$33.6M
Q3 24
$39.2M
$36.9M
Q2 24
$37.1M
$35.7M
Net Profit
GOOD
GOOD
STRR
STRR
Q1 26
$7.0M
Q4 25
$5.4M
$-1.7M
Q3 25
$4.1M
$-1.8M
Q2 25
$4.6M
$-688.0K
Q1 25
$5.1M
$-1.8M
Q4 24
$7.2M
$-585.0K
Q3 24
$11.7M
$-846.0K
Q2 24
$1.6M
$-441.0K
Gross Margin
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Operating Margin
GOOD
GOOD
STRR
STRR
Q1 26
160.2%
Q4 25
-0.2%
Q3 25
-3.4%
Q2 25
-0.6%
Q1 25
-5.4%
Q4 24
-0.4%
Q3 24
-1.2%
Q2 24
-0.5%
Net Margin
GOOD
GOOD
STRR
STRR
Q1 26
16.6%
Q4 25
12.4%
-3.0%
Q3 25
10.1%
-3.7%
Q2 25
11.7%
-1.9%
Q1 25
13.7%
-5.5%
Q4 24
19.2%
-1.7%
Q3 24
29.8%
-2.3%
Q2 24
4.3%
-1.2%
EPS (diluted)
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$0.05
$-0.49
Q3 25
$0.02
$-0.54
Q2 25
$0.03
$-0.23
Q1 25
$0.04
$-0.59
Q4 24
$0.10
$-0.21
Q3 24
$0.20
$-0.28
Q2 24
$-0.04
$-0.15

Balance Sheet & Financial Strength

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

Metric
GOOD
GOOD
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$65.7M
Total Assets
$1.2B
$113.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$10.8M
$10.3M
Q3 25
$18.4M
$15.4M
Q2 25
$11.7M
$16.8M
Q1 25
$10.4M
$16.6M
Q4 24
$11.0M
$17.0M
Q3 24
$10.5M
$15.8M
Q2 24
$10.4M
$14.7M
Total Debt
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$843.5M
Q3 25
$843.3M
$6.5M
Q2 25
$794.4M
Q1 25
$740.7M
Q4 24
$693.4M
$0
Q3 24
$692.6M
Q2 24
$722.5M
Stockholders' Equity
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$171.8M
$65.7M
Q3 25
$184.8M
$67.8M
Q2 25
$177.2M
$40.1M
Q1 25
$183.2M
$39.5M
Q4 24
$171.2M
$40.4M
Q3 24
$168.9M
$42.9M
Q2 24
$145.7M
$42.6M
Total Assets
GOOD
GOOD
STRR
STRR
Q1 26
$1.2B
Q4 25
$1.2B
$113.2M
Q3 25
$1.3B
$117.1M
Q2 25
$1.2B
$55.6M
Q1 25
$1.2B
$53.2M
Q4 24
$1.1B
$52.6M
Q3 24
$1.1B
$52.6M
Q2 24
$1.1B
$52.6M
Debt / Equity
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
4.91×
Q3 25
4.56×
0.10×
Q2 25
4.48×
Q1 25
4.04×
Q4 24
4.05×
0.00×
Q3 24
4.10×
Q2 24
4.96×

Cash Flow & Capital Efficiency

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

Metric
GOOD
GOOD
STRR
STRR
Operating Cash FlowLast quarter
$-7.3M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$88.2M
$-7.3M
Q3 25
$18.9M
$-2.7M
Q2 25
$35.8M
$139.0K
Q1 25
$17.7M
$-802.0K
Q4 24
$57.0M
$-2.8M
Q3 24
$5.5M
$1.3M
Q2 24
$13.6M
$-4.3M
Free Cash Flow
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
FCF Margin
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Capex Intensity
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
GOOD
GOOD
STRR
STRR
Q1 26
Q4 25
16.38×
Q3 25
4.57×
Q2 25
7.74×
Q1 25
3.44×
Q4 24
7.93×
Q3 24
0.47×
Q2 24
8.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GOOD
GOOD

Segment breakdown not available.

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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