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

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP is the larger business by last-quarter revenue ($23.6M vs $12.6M, roughly 1.9× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -677.3%, a 928.0% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 15.7%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% 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.

NEN vs SPRO — Head-to-Head

Bigger by revenue
NEN
NEN
1.9× larger
NEN
$23.6M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24065.1% gap
SPRO
24080.8%
15.7%
NEN
Higher net margin
SPRO
SPRO
928.0% more per $
SPRO
250.7%
-677.3%
NEN
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NEN
NEN
SPRO
SPRO
Revenue
$23.6M
$12.6M
Net Profit
$-1.4M
$31.5M
Gross Margin
Operating Margin
14.0%
Net Margin
-677.3%
250.7%
Revenue YoY
15.7%
24080.8%
Net Profit YoY
-133.0%
250.9%
EPS (diluted)
$0.56

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
SPRO
SPRO
Q4 25
$23.6M
$12.6M
Q3 25
$23.7M
$0
Q2 25
$21.2M
$0
Q1 25
$20.7M
$12.0K
Q4 24
$20.4M
$52.0K
Q3 24
$20.2M
$65.0K
Q2 24
$20.1M
$114.0K
Q1 24
$19.9M
$140.0K
Net Profit
NEN
NEN
SPRO
SPRO
Q4 25
$-1.4M
$31.5M
Q3 25
$-521.8K
$-7.4M
Q2 25
$4.1M
$-1.7M
Q1 25
$3.8M
$-13.9M
Q4 24
$4.2M
Q3 24
$3.9M
$-17.1M
Q2 24
$4.1M
$-17.9M
Q1 24
$3.5M
$-12.7M
Operating Margin
NEN
NEN
SPRO
SPRO
Q4 25
14.0%
Q3 25
20.0%
Q2 25
33.3%
Q1 25
30.1%
-122758.3%
Q4 24
32.4%
Q3 24
32.0%
-28604.6%
Q2 24
32.6%
-16720.2%
Q1 24
28.9%
-9987.1%
Net Margin
NEN
NEN
SPRO
SPRO
Q4 25
-677.3%
250.7%
Q3 25
-2.2%
Q2 25
19.5%
Q1 25
18.3%
-115550.0%
Q4 24
20.7%
Q3 24
19.3%
-26380.0%
Q2 24
20.3%
-15668.4%
Q1 24
17.4%
-9049.3%
EPS (diluted)
NEN
NEN
SPRO
SPRO
Q4 25
$0.56
Q3 25
$-0.13
Q2 25
$-0.03
Q1 25
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
NEN
NEN
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$26.7M
$40.3M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$59.0M
Total Assets
$505.3M
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEN
NEN
SPRO
SPRO
Q4 25
$26.7M
$40.3M
Q3 25
$13.4M
$48.6M
Q2 25
$16.7M
$31.2M
Q1 25
$30.9M
$48.9M
Q4 24
$17.6M
$52.9M
Q3 24
$15.1M
$76.3M
Q2 24
$13.5M
$63.5M
Q1 24
$28.8M
$82.3M
Total Debt
NEN
NEN
SPRO
SPRO
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
Q1 24
$410.7M
Stockholders' Equity
NEN
NEN
SPRO
SPRO
Q4 25
$59.0M
Q3 25
$26.5M
Q2 25
$32.8M
Q1 25
$33.8M
Q4 24
$46.1M
Q3 24
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
NEN
NEN
SPRO
SPRO
Q4 25
$505.3M
$68.9M
Q3 25
$492.9M
$54.2M
Q2 25
$494.8M
$62.1M
Q1 25
$385.2M
$77.7M
Q4 24
$393.5M
$110.5M
Q3 24
$387.4M
$135.2M
Q2 24
$383.7M
$149.9M
Q1 24
$381.2M
$167.7M

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
SPRO
SPRO
Operating Cash FlowLast quarter
$27.7M
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEN
NEN
SPRO
SPRO
Q4 25
$27.7M
$-8.4M
Q3 25
$2.3M
$17.4M
Q2 25
$12.5M
$-17.7M
Q1 25
$5.5M
$-4.0M
Q4 24
$31.9M
$-23.4M
Q3 24
$8.5M
$12.8M
Q2 24
$5.4M
$-18.7M
Q1 24
$6.1M
$5.9M
Cash Conversion
NEN
NEN
SPRO
SPRO
Q4 25
-0.26×
Q3 25
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

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

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