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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and Star Holdings (STHO). Click either name above to swap in a different company.

Star Holdings is the larger business by last-quarter revenue ($25.4M vs $13.3M, roughly 1.9× Laird Superfood, Inc.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -75.5%, a 62.3% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -22.6%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% CAGR vs -0.2%).

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

Blue Star Ltd is an Indian multinational home appliances company, headquartered in Mumbai. It specializes in air conditioning, commercial refrigeration and MEP. It is the country's second largest homegrown player in the air conditioning space.

LSF vs STHO — Head-to-Head

Bigger by revenue
STHO
STHO
1.9× larger
STHO
$25.4M
$13.3M
LSF
Growing faster (revenue YoY)
LSF
LSF
+37.6% gap
LSF
15.0%
-22.6%
STHO
Higher net margin
LSF
LSF
62.3% more per $
LSF
-13.2%
-75.5%
STHO
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-0.2%
STHO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LSF
LSF
STHO
STHO
Revenue
$13.3M
$25.4M
Net Profit
$-1.8M
$-19.1M
Gross Margin
34.1%
Operating Margin
-13.5%
-91.7%
Net Margin
-13.2%
-75.5%
Revenue YoY
15.0%
-22.6%
Net Profit YoY
-341.4%
81.3%
EPS (diluted)
$-1.52

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
LSF
LSF
STHO
STHO
Q4 25
$13.3M
$25.4M
Q3 25
$12.9M
$28.1M
Q2 25
$12.0M
$42.1M
Q1 25
$11.7M
$14.6M
Q4 24
$11.6M
$32.8M
Q3 24
$11.8M
$24.6M
Q2 24
$10.0M
$30.6M
Q1 24
$9.9M
$25.4M
Net Profit
LSF
LSF
STHO
STHO
Q4 25
$-1.8M
$-19.1M
Q3 25
$-975.1K
$1.8M
Q2 25
$-362.2K
$-39.3M
Q1 25
$-156.2K
$-7.6M
Q4 24
$-398.4K
$-102.6M
Q3 24
$-166.1K
$91.9M
Q2 24
$-239.1K
$-27.1M
Q1 24
$-1.0M
$-49.0M
Gross Margin
LSF
LSF
STHO
STHO
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
STHO
STHO
Q4 25
-13.5%
-91.7%
Q3 25
-7.7%
1.0%
Q2 25
-3.3%
-94.5%
Q1 25
-1.9%
-55.0%
Q4 24
-4.1%
-314.1%
Q3 24
-2.3%
Q2 24
-3.4%
-91.5%
Q1 24
-11.0%
-192.6%
Net Margin
LSF
LSF
STHO
STHO
Q4 25
-13.2%
-75.5%
Q3 25
-7.6%
6.4%
Q2 25
-3.0%
-93.5%
Q1 25
-1.3%
-52.0%
Q4 24
-3.4%
-313.1%
Q3 24
-1.4%
374.3%
Q2 24
-2.4%
-88.8%
Q1 24
-10.3%
-192.6%
EPS (diluted)
LSF
LSF
STHO
STHO
Q4 25
$-1.52
Q3 25
$0.14
Q2 25
$-2.95
Q1 25
$-0.57
Q4 24
$-7.69
Q3 24
$6.90
Q2 24
$-2.04
Q1 24
$-3.68

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
STHO
STHO
Cash + ST InvestmentsLiquidity on hand
$5.1M
$50.1M
Total DebtLower is stronger
$268.7M
Stockholders' EquityBook value
$11.5M
$251.8M
Total Assets
$19.2M
$570.2M
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
STHO
STHO
Q4 25
$5.1M
$50.1M
Q3 25
$5.1M
$40.6M
Q2 25
$3.9M
$44.2M
Q1 25
$7.0M
$30.3M
Q4 24
$8.3M
$35.0M
Q3 24
$7.9M
$45.0M
Q2 24
$7.6M
$48.3M
Q1 24
$7.1M
$45.7M
Total Debt
LSF
LSF
STHO
STHO
Q4 25
$268.7M
Q3 25
$259.3M
Q2 25
$245.4M
Q1 25
$231.5M
Q4 24
$217.3M
Q3 24
$201.2M
Q2 24
$197.2M
Q1 24
$195.0M
Stockholders' Equity
LSF
LSF
STHO
STHO
Q4 25
$11.5M
$251.8M
Q3 25
$12.8M
$275.4M
Q2 25
$13.4M
$276.1M
Q1 25
$13.3M
$316.1M
Q4 24
$13.2M
$324.3M
Q3 24
$13.1M
$427.5M
Q2 24
$12.6M
$335.3M
Q1 24
$12.7M
$362.4M
Total Assets
LSF
LSF
STHO
STHO
Q4 25
$19.2M
$570.2M
Q3 25
$18.9M
$595.9M
Q2 25
$20.4M
$589.9M
Q1 25
$21.5M
$618.2M
Q4 24
$19.3M
$608.7M
Q3 24
$18.8M
$696.5M
Q2 24
$18.0M
$601.0M
Q1 24
$17.6M
$622.9M
Debt / Equity
LSF
LSF
STHO
STHO
Q4 25
1.07×
Q3 25
0.94×
Q2 25
0.89×
Q1 25
0.73×
Q4 24
0.67×
Q3 24
0.47×
Q2 24
0.59×
Q1 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
LSF
LSF
STHO
STHO
Operating Cash FlowLast quarter
$68.4K
$-11.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
STHO
STHO
Q4 25
$68.4K
$-11.7M
Q3 25
$1.2M
$5.3M
Q2 25
$-2.8M
$-2.6M
Q1 25
$-1.3M
$-6.3M
Q4 24
$339.2K
$-31.3M
Q3 24
$305.8K
$-3.8M
Q2 24
$642.7K
$-6.4M
Q1 24
$-422.3K
$-14.2M
Cash Conversion
LSF
LSF
STHO
STHO
Q4 25
Q3 25
2.95×
Q2 25
Q1 25
Q4 24
Q3 24
-0.04×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

STHO
STHO

Land Development$13.0M51%
Other Income Revenue$9.3M37%
Operating Lease Income$2.0M8%
Other$1.2M5%

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