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Side-by-side financial comparison of NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $23.6M, roughly 1.1× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). Owlet, Inc. runs the higher net margin — -34.6% vs -677.3%, a 642.7% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 15.7%). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 8.9%).

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.

NEN vs OWLT — Head-to-Head

Bigger by revenue
OWLT
OWLT
1.1× larger
OWLT
$26.6M
$23.6M
NEN
Growing faster (revenue YoY)
OWLT
OWLT
+13.9% gap
OWLT
29.6%
15.7%
NEN
Higher net margin
OWLT
OWLT
642.7% more per $
OWLT
-34.6%
-677.3%
NEN
Faster 2-yr revenue CAGR
OWLT
OWLT
Annualised
OWLT
34.2%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NEN
NEN
OWLT
OWLT
Revenue
$23.6M
$26.6M
Net Profit
$-1.4M
$-9.2M
Gross Margin
47.6%
Operating Margin
14.0%
-18.4%
Net Margin
-677.3%
-34.6%
Revenue YoY
15.7%
29.6%
Net Profit YoY
-133.0%
-1.5%
EPS (diluted)

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
NEN
NEN
OWLT
OWLT
Q4 25
$23.6M
$26.6M
Q3 25
$23.7M
$32.0M
Q2 25
$21.2M
$26.1M
Q1 25
$20.7M
$21.1M
Q4 24
$20.4M
$20.5M
Q3 24
$20.2M
$22.1M
Q2 24
$20.1M
$20.7M
Q1 24
$19.9M
$14.8M
Net Profit
NEN
NEN
OWLT
OWLT
Q4 25
$-1.4M
$-9.2M
Q3 25
$-521.8K
$4.1M
Q2 25
$4.1M
$-37.6M
Q1 25
$3.8M
$3.0M
Q4 24
$4.2M
$-9.1M
Q3 24
$3.9M
$-5.6M
Q2 24
$4.1M
$-1.1M
Q1 24
$3.5M
$3.3M
Gross Margin
NEN
NEN
OWLT
OWLT
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Q1 24
44.4%
Operating Margin
NEN
NEN
OWLT
OWLT
Q4 25
14.0%
-18.4%
Q3 25
20.0%
3.8%
Q2 25
33.3%
-7.4%
Q1 25
30.1%
-12.7%
Q4 24
32.4%
-36.2%
Q3 24
32.0%
-21.8%
Q2 24
32.6%
-10.8%
Q1 24
28.9%
-39.0%
Net Margin
NEN
NEN
OWLT
OWLT
Q4 25
-677.3%
-34.6%
Q3 25
-2.2%
12.9%
Q2 25
19.5%
-144.4%
Q1 25
18.3%
14.3%
Q4 24
20.7%
-44.2%
Q3 24
19.3%
-25.4%
Q2 24
20.3%
-5.5%
Q1 24
17.4%
22.2%
EPS (diluted)
NEN
NEN
OWLT
OWLT
Q4 25
Q3 25
$-0.06
Q2 25
$-2.37
Q1 25
$0.11
Q4 24
$-0.15
Q3 24
$-0.61
Q2 24
$-0.30
Q1 24
$-0.51

Balance Sheet & Financial Strength

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

Metric
NEN
NEN
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$26.7M
$35.5M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$19.0M
Total Assets
$505.3M
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEN
NEN
OWLT
OWLT
Q4 25
$26.7M
$35.5M
Q3 25
$13.4M
$23.8M
Q2 25
$16.7M
$21.8M
Q1 25
$30.9M
$16.3M
Q4 24
$17.6M
$20.2M
Q3 24
$15.1M
$21.6M
Q2 24
$13.5M
$15.4M
Q1 24
$28.8M
$18.4M
Total Debt
NEN
NEN
OWLT
OWLT
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
$2.1M
Q1 24
$410.7M
$4.0M
Stockholders' Equity
NEN
NEN
OWLT
OWLT
Q4 25
$19.0M
Q3 25
$-54.1M
Q2 25
$-59.2M
Q1 25
$-25.8M
Q4 24
$-29.8M
Q3 24
$-21.5M
Q2 24
$-33.4M
Q1 24
$-32.9M
Total Assets
NEN
NEN
OWLT
OWLT
Q4 25
$505.3M
$85.6M
Q3 25
$492.9M
$74.9M
Q2 25
$494.8M
$63.5M
Q1 25
$385.2M
$51.4M
Q4 24
$393.5M
$49.5M
Q3 24
$387.4M
$56.1M
Q2 24
$383.7M
$45.9M
Q1 24
$381.2M
$43.8M

Cash Flow & Capital Efficiency

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

Metric
NEN
NEN
OWLT
OWLT
Operating Cash FlowLast quarter
$27.7M
$-452.0K
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEN
NEN
OWLT
OWLT
Q4 25
$27.7M
$-452.0K
Q3 25
$2.3M
$-2.2M
Q2 25
$12.5M
$-2.2M
Q1 25
$5.5M
$-5.9M
Q4 24
$31.9M
$3.0M
Q3 24
$8.5M
$-7.5M
Q2 24
$5.4M
$-3.4M
Q1 24
$6.1M
$-3.4M
Free Cash Flow
NEN
NEN
OWLT
OWLT
Q4 25
$-651.0K
Q3 25
$-2.2M
Q2 25
$-2.3M
Q1 25
$-5.9M
Q4 24
$3.0M
Q3 24
$-7.5M
Q2 24
$-3.4M
Q1 24
FCF Margin
NEN
NEN
OWLT
OWLT
Q4 25
-2.5%
Q3 25
-6.8%
Q2 25
-8.8%
Q1 25
-28.1%
Q4 24
14.5%
Q3 24
-33.9%
Q2 24
-16.3%
Q1 24
Capex Intensity
NEN
NEN
OWLT
OWLT
Q4 25
0.7%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
NEN
NEN
OWLT
OWLT
Q4 25
Q3 25
-0.52×
Q2 25
3.02×
Q1 25
1.44×
-1.96×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NEN
NEN

Segment breakdown not available.

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

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