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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $21.3M, roughly 1.6× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs 8.7%, a 233.6% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -0.1%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs -1.5%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
IVR vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.3M | $33.9M |
| Net Profit | $51.5M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | — | 11.6% |
| Net Margin | 242.2% | 8.7% |
| Revenue YoY | 55.4% | -0.1% |
| Net Profit YoY | 1368.7% | -19.6% |
| EPS (diluted) | $0.72 | $0.13 |
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.
| Q4 25 | $21.3M | $33.9M | ||
| Q3 25 | $17.6M | $33.9M | ||
| Q2 25 | $17.7M | $35.7M | ||
| Q1 25 | $18.8M | $36.3M | ||
| Q4 24 | $13.7M | $33.9M | ||
| Q3 24 | $7.5M | $34.9M | ||
| Q2 24 | $8.6M | $34.0M | ||
| Q1 24 | $7.0M | $34.9M |
| Q4 25 | $51.5M | $2.9M | ||
| Q3 25 | $53.5M | $3.2M | ||
| Q2 25 | $-23.3M | $4.6M | ||
| Q1 25 | $19.6M | $5.2M | ||
| Q4 24 | $3.5M | $3.6M | ||
| Q3 24 | $40.7M | $3.7M | ||
| Q2 24 | $-13.5M | $3.4M | ||
| Q1 24 | $29.1M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | — | 14.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | 242.2% | 8.7% | ||
| Q3 25 | 303.6% | 9.5% | ||
| Q2 25 | -131.6% | 12.8% | ||
| Q1 25 | 104.4% | 14.3% | ||
| Q4 24 | 25.6% | 10.8% | ||
| Q3 24 | 542.2% | 10.5% | ||
| Q2 24 | -155.9% | 10.1% | ||
| Q1 24 | 415.9% | 12.1% |
| Q4 25 | $0.72 | $0.13 | ||
| Q3 25 | $0.74 | $0.15 | ||
| Q2 25 | $-0.40 | $0.22 | ||
| Q1 25 | $0.26 | $0.25 | ||
| Q4 24 | $-0.09 | $0.17 | ||
| Q3 24 | $0.63 | $0.18 | ||
| Q2 24 | $-0.38 | $0.17 | ||
| Q1 24 | $0.49 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $56.0M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $797.5M | $146.4M |
| Total Assets | $6.5B | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.0M | $25.3M | ||
| Q3 25 | $58.5M | $21.4M | ||
| Q2 25 | $59.4M | $20.2M | ||
| Q1 25 | $42.9M | $19.9M | ||
| Q4 24 | $73.4M | $29.1M | ||
| Q3 24 | $48.3M | $27.8M | ||
| Q2 24 | $58.8M | $23.9M | ||
| Q1 24 | $59.9M | $23.3M |
| Q4 25 | $797.5M | $146.4M | ||
| Q3 25 | $769.6M | $148.7M | ||
| Q2 25 | $709.4M | $150.9M | ||
| Q1 25 | $759.2M | $151.7M | ||
| Q4 24 | $730.7M | $154.7M | ||
| Q3 24 | $857.0M | $156.3M | ||
| Q2 24 | $759.2M | $158.2M | ||
| Q1 24 | $785.6M | $160.2M |
| Q4 25 | $6.5B | $206.1M | ||
| Q3 25 | $6.0B | $209.7M | ||
| Q2 25 | $5.4B | $208.7M | ||
| Q1 25 | $6.2B | $204.5M | ||
| Q4 24 | $5.7B | $217.1M | ||
| Q3 24 | $6.1B | $216.8M | ||
| Q2 24 | $5.1B | $216.4M | ||
| Q1 24 | $5.2B | $215.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $157.1M | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | 3.05× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.1M | $11.5M | ||
| Q3 25 | $37.3M | $8.1M | ||
| Q2 25 | $40.6M | $7.0M | ||
| Q1 25 | $19.3M | $2.3M | ||
| Q4 24 | $183.2M | $8.4M | ||
| Q3 24 | $30.8M | $11.1M | ||
| Q2 24 | $33.0M | $7.4M | ||
| Q1 24 | $57.5M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 3.05× | 3.93× | ||
| Q3 25 | 0.70× | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | 0.98× | 0.43× | ||
| Q4 24 | 52.24× | 2.31× | ||
| Q3 24 | 0.76× | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | 1.97× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVR
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
