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Side-by-side financial comparison of Orion Properties Inc. (ONL) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $35.2M, roughly 1.0× Orion Properties Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -101.7%, a 92.8% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -8.2%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-13.6% CAGR vs -15.0%).
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
ONL vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $36.5M |
| Net Profit | $-35.8M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -101.5% | -10.9% |
| Net Margin | -101.7% | -8.9% |
| Revenue YoY | -8.2% | 3.1% |
| Net Profit YoY | -9.3% | 71.6% |
| EPS (diluted) | $-0.63 | $-0.02 |
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 | $35.2M | $36.5M | ||
| Q3 25 | $37.1M | $36.2M | ||
| Q2 25 | $37.3M | $38.3M | ||
| Q1 25 | $38.0M | $41.3M | ||
| Q4 24 | $38.4M | $35.4M | ||
| Q3 24 | $39.2M | $40.5M | ||
| Q2 24 | $40.1M | $48.5M | ||
| Q1 24 | $47.2M | $50.5M |
| Q4 25 | $-35.8M | $-3.2M | ||
| Q3 25 | $-69.0M | $-6.3M | ||
| Q2 25 | $-25.1M | $-10.9M | ||
| Q1 25 | $-9.4M | $-40.2M | ||
| Q4 24 | $-32.8M | $-11.4M | ||
| Q3 24 | $-10.2M | $-9.9M | ||
| Q2 24 | $-33.8M | $-4.6M | ||
| Q1 24 | $-26.2M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | -101.5% | -10.9% | ||
| Q3 25 | -185.8% | -19.4% | ||
| Q2 25 | -67.1% | -30.5% | ||
| Q1 25 | -24.4% | -99.9% | ||
| Q4 24 | -85.4% | -36.6% | ||
| Q3 24 | -25.9% | -29.0% | ||
| Q2 24 | -84.1% | -14.3% | ||
| Q1 24 | -55.4% | -20.1% |
| Q4 25 | -101.7% | -8.9% | ||
| Q3 25 | -186.0% | -17.3% | ||
| Q2 25 | -67.3% | -28.3% | ||
| Q1 25 | -24.6% | -97.2% | ||
| Q4 24 | -85.4% | -32.3% | ||
| Q3 24 | -26.1% | -24.5% | ||
| Q2 24 | -84.2% | -9.5% | ||
| Q1 24 | -55.6% | -15.2% |
| Q4 25 | $-0.63 | $-0.02 | ||
| Q3 25 | $-1.23 | $-0.03 | ||
| Q2 25 | $-0.45 | $-0.06 | ||
| Q1 25 | $-0.17 | $-0.21 | ||
| Q4 24 | $-0.59 | $-0.06 | ||
| Q3 24 | $-0.18 | $-0.05 | ||
| Q2 24 | $-0.60 | $-0.02 | ||
| Q1 24 | $-0.47 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.4M | $104.5M |
| Total DebtLower is stronger | $465.0M | — |
| Stockholders' EquityBook value | $623.2M | $232.1M |
| Total Assets | $1.2B | $320.9M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $104.5M | ||
| Q3 25 | $32.6M | $100.0M | ||
| Q2 25 | $17.4M | $105.0M | ||
| Q1 25 | $9.4M | $125.6M | ||
| Q4 24 | $15.6M | $142.5M | ||
| Q3 24 | $16.6M | $163.4M | ||
| Q2 24 | $24.2M | $187.4M | ||
| Q1 24 | $23.6M | $204.7M |
| Q4 25 | $465.0M | — | ||
| Q3 25 | $483.0M | — | ||
| Q2 25 | $483.0M | — | ||
| Q1 25 | $505.0M | — | ||
| Q4 24 | $492.0M | — | ||
| Q3 24 | $485.0M | — | ||
| Q2 24 | $462.0M | — | ||
| Q1 24 | $471.0M | — |
| Q4 25 | $623.2M | $232.1M | ||
| Q3 25 | $658.8M | $234.4M | ||
| Q2 25 | $728.0M | $238.8M | ||
| Q1 25 | $753.5M | $250.7M | ||
| Q4 24 | $763.9M | $289.4M | ||
| Q3 24 | $800.9M | $305.1M | ||
| Q2 24 | $816.1M | $329.4M | ||
| Q1 24 | $854.6M | $333.1M |
| Q4 25 | $1.2B | $320.9M | ||
| Q3 25 | $1.2B | $335.8M | ||
| Q2 25 | $1.3B | $354.0M | ||
| Q1 25 | $1.3B | $366.1M | ||
| Q4 24 | $1.3B | $420.2M | ||
| Q3 24 | $1.4B | $448.6M | ||
| Q2 24 | $1.3B | $475.3M | ||
| Q1 24 | $1.4B | $485.5M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.55× | — |
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 | $23.6M | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.6M | $7.7M | ||
| Q3 25 | $5.7M | $-2.1M | ||
| Q2 25 | $11.6M | $-14.9M | ||
| Q1 25 | $-2.2M | $-12.2M | ||
| Q4 24 | $54.3M | $-12.0M | ||
| Q3 24 | $13.8M | $-3.7M | ||
| Q2 24 | $17.0M | $-13.9M | ||
| Q1 24 | $11.0M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONL
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
