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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and STRATUS PROPERTIES INC (STRS). Click either name above to swap in a different company.

EVERSPIN TECHNOLOGIES INC. is the larger business by last-quarter revenue ($14.9M vs $8.3M, roughly 1.8× STRATUS PROPERTIES INC). STRATUS PROPERTIES INC runs the higher net margin — 203.2% vs -2.0%, a 205.2% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -19.4%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs -44.1%).

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

MRAM vs STRS — Head-to-Head

Bigger by revenue
MRAM
MRAM
1.8× larger
MRAM
$14.9M
$8.3M
STRS
Growing faster (revenue YoY)
MRAM
MRAM
+32.6% gap
MRAM
13.2%
-19.4%
STRS
Higher net margin
STRS
STRS
205.2% more per $
STRS
203.2%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
-44.1%
STRS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MRAM
MRAM
STRS
STRS
Revenue
$14.9M
$8.3M
Net Profit
$-296.0K
$16.9M
Gross Margin
52.7%
Operating Margin
29.0%
Net Margin
-2.0%
203.2%
Revenue YoY
13.2%
-19.4%
Net Profit YoY
1293.4%
EPS (diluted)
$-0.01
$2.42

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
MRAM
MRAM
STRS
STRS
Q1 26
$14.9M
Q4 25
$14.8M
$8.3M
Q3 25
$14.1M
$5.0M
Q2 25
$13.2M
$11.6M
Q1 25
$13.1M
$5.0M
Q4 24
$13.2M
$10.3M
Q3 24
$12.1M
$8.9M
Q2 24
$10.6M
$8.5M
Net Profit
MRAM
MRAM
STRS
STRS
Q1 26
$-296.0K
Q4 25
$1.2M
$16.9M
Q3 25
$54.0K
$-8.0M
Q2 25
$-670.0K
$-2.3M
Q1 25
$-1.2M
$-3.8M
Q4 24
$1.2M
$-1.4M
Q3 24
$2.3M
$-1.4M
Q2 24
$-2.5M
$-2.8M
Gross Margin
MRAM
MRAM
STRS
STRS
Q1 26
52.7%
Q4 25
50.8%
Q3 25
51.3%
-85.1%
Q2 25
51.3%
-19.0%
Q1 25
51.4%
5.1%
Q4 24
51.3%
18.3%
Q3 24
49.2%
2.5%
Q2 24
49.0%
10.9%
Operating Margin
MRAM
MRAM
STRS
STRS
Q1 26
29.0%
Q4 25
-7.2%
Q3 25
-11.0%
-162.9%
Q2 25
-14.9%
-6.5%
Q1 25
-14.7%
-71.3%
Q4 24
-11.8%
-13.6%
Q3 24
-17.5%
-17.1%
Q2 24
-26.5%
-34.4%
Net Margin
MRAM
MRAM
STRS
STRS
Q1 26
-2.0%
Q4 25
8.1%
203.2%
Q3 25
0.4%
-161.1%
Q2 25
-5.1%
-19.8%
Q1 25
-8.9%
-74.5%
Q4 24
9.2%
-13.7%
Q3 24
18.8%
-15.9%
Q2 24
-23.5%
-32.7%
EPS (diluted)
MRAM
MRAM
STRS
STRS
Q1 26
$-0.01
Q4 25
$0.05
$2.42
Q3 25
$0.00
$-0.62
Q2 25
$-0.03
$0.03
Q1 25
$-0.05
$-0.36
Q4 24
$0.07
$-0.06
Q3 24
$0.10
$-0.05
Q2 24
$-0.12
$-0.21

Balance Sheet & Financial Strength

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

Metric
MRAM
MRAM
STRS
STRS
Cash + ST InvestmentsLiquidity on hand
$40.5M
$74.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$70.2M
$204.5M
Total Assets
$83.2M
$563.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRAM
MRAM
STRS
STRS
Q1 26
$40.5M
Q4 25
$44.5M
$74.3M
Q3 25
$45.3M
$55.0M
Q2 25
$45.0M
$59.4M
Q1 25
$42.2M
$12.0M
Q4 24
$42.1M
$20.2M
Q3 24
$39.6M
$19.6M
Q2 24
$36.8M
$13.5M
Stockholders' Equity
MRAM
MRAM
STRS
STRS
Q1 26
$70.2M
Q4 25
$68.9M
$204.5M
Q3 25
$65.8M
$185.8M
Q2 25
$64.1M
$191.9M
Q1 25
$63.0M
$191.5M
Q4 24
$62.6M
$194.7M
Q3 24
$59.3M
$196.4M
Q2 24
$55.4M
$196.3M
Total Assets
MRAM
MRAM
STRS
STRS
Q1 26
$83.2M
Q4 25
$84.6M
$563.4M
Q3 25
$80.3M
$572.6M
Q2 25
$78.9M
$574.8M
Q1 25
$80.2M
$534.6M
Q4 24
$77.8M
$532.6M
Q3 24
$72.6M
$523.2M
Q2 24
$64.6M
$514.0M

Cash Flow & Capital Efficiency

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

Metric
MRAM
MRAM
STRS
STRS
Operating Cash FlowLast quarter
$570.0K
$-29.9M
Free Cash FlowOCF − Capex
$-38.0M
FCF MarginFCF / Revenue
-458.5%
Capex IntensityCapex / Revenue
98.2%
Cash ConversionOCF / Net Profit
-1.77×
TTM Free Cash FlowTrailing 4 quarters
$-70.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRAM
MRAM
STRS
STRS
Q1 26
$570.0K
Q4 25
$2.6M
$-29.9M
Q3 25
$881.0K
$-9.0M
Q2 25
$5.0M
$-1.7M
Q1 25
$1.4M
$-13.5M
Q4 24
$3.8M
$-5.8M
Q3 24
$2.8M
$-686.0K
Q2 24
$1.7M
$-8.3M
Free Cash Flow
MRAM
MRAM
STRS
STRS
Q1 26
Q4 25
$-975.0K
$-38.0M
Q3 25
$543.0K
$-9.9M
Q2 25
$3.0M
$-4.3M
Q1 25
$527.0K
$-18.0M
Q4 24
$2.1M
$-35.0M
Q3 24
$2.8M
$-7.5M
Q2 24
$1.7M
$-16.3M
FCF Margin
MRAM
MRAM
STRS
STRS
Q1 26
Q4 25
-6.6%
-458.5%
Q3 25
3.9%
-198.7%
Q2 25
22.9%
-37.2%
Q1 25
4.0%
-357.4%
Q4 24
15.8%
-339.7%
Q3 24
22.9%
-84.4%
Q2 24
15.9%
-191.6%
Capex Intensity
MRAM
MRAM
STRS
STRS
Q1 26
Q4 25
24.3%
98.2%
Q3 25
2.4%
18.4%
Q2 25
15.1%
22.7%
Q1 25
6.9%
89.8%
Q4 24
13.2%
283.0%
Q3 24
0.5%
76.7%
Q2 24
0.3%
94.2%
Cash Conversion
MRAM
MRAM
STRS
STRS
Q1 26
Q4 25
2.19×
-1.77×
Q3 25
16.31×
Q2 25
Q1 25
Q4 24
3.16×
Q3 24
1.25×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

STRS
STRS

Segment breakdown not available.

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