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Side-by-side financial comparison of ON24 INC. (ONTF) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $34.6M, roughly 1.2× ON24 INC.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -18.8%, a 23.8% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -5.6%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs -4.2%).

ON24 Inc., a San Francisco-based company, is a cloud-based platform that develops and sells web-based webinar, virtual conferencing, content hub, and landing page applications as a service for marketing and sales teams in B2B organizations. In 2023 it expanded its offerings to include generative AI services.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ONTF vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.2× larger
STRW
$40.1M
$34.6M
ONTF
Growing faster (revenue YoY)
STRW
STRW
+37.1% gap
STRW
31.5%
-5.6%
ONTF
Higher net margin
STRW
STRW
23.8% more per $
STRW
5.0%
-18.8%
ONTF
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
-4.2%
ONTF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONTF
ONTF
STRW
STRW
Revenue
$34.6M
$40.1M
Net Profit
$-6.5M
$2.0M
Gross Margin
74.9%
Operating Margin
-23.5%
52.4%
Net Margin
-18.8%
5.0%
Revenue YoY
-5.6%
31.5%
Net Profit YoY
26.8%
37.6%
EPS (diluted)
$-0.15
$0.15

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
ONTF
ONTF
STRW
STRW
Q4 25
$34.6M
$40.1M
Q3 25
$34.6M
$39.7M
Q2 25
$35.3M
$37.9M
Q1 25
$34.7M
$37.3M
Q4 24
$36.7M
$30.5M
Q3 24
$36.3M
$29.5M
Q2 24
$37.3M
$29.3M
Q1 24
$37.7M
$27.8M
Net Profit
ONTF
ONTF
STRW
STRW
Q4 25
$-6.5M
$2.0M
Q3 25
$-6.4M
$2.0M
Q2 25
$-7.3M
$2.0M
Q1 25
$-8.7M
$1.6M
Q4 24
$-8.9M
$1.5M
Q3 24
$-11.4M
$944.0K
Q2 24
$-11.2M
$938.0K
Q1 24
$-10.7M
$746.0K
Gross Margin
ONTF
ONTF
STRW
STRW
Q4 25
74.9%
Q3 25
74.7%
Q2 25
75.1%
Q1 25
73.8%
Q4 24
74.5%
Q3 24
74.3%
Q2 24
74.5%
Q1 24
74.1%
Operating Margin
ONTF
ONTF
STRW
STRW
Q4 25
-23.5%
52.4%
Q3 25
-23.1%
56.6%
Q2 25
-26.0%
54.5%
Q1 25
-30.1%
54.1%
Q4 24
-32.1%
51.5%
Q3 24
-36.7%
54.4%
Q2 24
-35.0%
52.3%
Q1 24
-33.1%
51.3%
Net Margin
ONTF
ONTF
STRW
STRW
Q4 25
-18.8%
5.0%
Q3 25
-18.4%
5.1%
Q2 25
-20.6%
5.2%
Q1 25
-25.1%
4.2%
Q4 24
-24.2%
4.8%
Q3 24
-31.4%
3.2%
Q2 24
-29.9%
3.2%
Q1 24
-28.4%
2.7%
EPS (diluted)
ONTF
ONTF
STRW
STRW
Q4 25
$-0.15
$0.15
Q3 25
$-0.15
$0.16
Q2 25
$-0.17
$0.16
Q1 25
$-0.21
$0.13
Q4 24
$-0.21
$0.17
Q3 24
$-0.27
$0.14
Q2 24
$-0.27
$0.14
Q1 24
$-0.26
$0.12

Balance Sheet & Financial Strength

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

Metric
ONTF
ONTF
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$37.0M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$139.4M
$12.1M
Total Assets
$228.4M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONTF
ONTF
STRW
STRW
Q4 25
$37.0M
$31.8M
Q3 25
$47.2M
$19.8M
Q2 25
$37.7M
$96.3M
Q1 25
$26.8M
$42.3M
Q4 24
$14.9M
$48.4M
Q3 24
$11.0M
$29.3M
Q2 24
$15.5M
$16.1M
Q1 24
$18.3M
$15.1M
Total Debt
ONTF
ONTF
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
ONTF
ONTF
STRW
STRW
Q4 25
$139.4M
$12.1M
Q3 25
$144.3M
$14.2M
Q2 25
$150.0M
$15.5M
Q1 25
$153.7M
$19.6M
Q4 24
$159.4M
$18.2M
Q3 24
$164.9M
$12.6M
Q2 24
$170.8M
$7.4M
Q1 24
$174.4M
$7.5M
Total Assets
ONTF
ONTF
STRW
STRW
Q4 25
$228.4M
$885.2M
Q3 25
$224.8M
$880.6M
Q2 25
$235.1M
$897.3M
Q1 25
$245.8M
$834.8M
Q4 24
$251.0M
$787.6M
Q3 24
$250.9M
$661.5M
Q2 24
$259.0M
$635.9M
Q1 24
$269.2M
$634.9M
Debt / Equity
ONTF
ONTF
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
ONTF
ONTF
STRW
STRW
Operating Cash FlowLast quarter
$-1.1M
$90.0M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-6.4%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONTF
ONTF
STRW
STRW
Q4 25
$-1.1M
$90.0M
Q3 25
$2.5M
$20.7M
Q2 25
$2.6M
$29.8M
Q1 25
$3.4M
$19.0M
Q4 24
$985.0K
$59.3M
Q3 24
$295.0K
$11.8M
Q2 24
$1.4M
$20.6M
Q1 24
$2.1M
$2.1M
Free Cash Flow
ONTF
ONTF
STRW
STRW
Q4 25
$-2.2M
Q3 25
$2.2M
Q2 25
$2.1M
Q1 25
$1.9M
Q4 24
$424.0K
Q3 24
$143.0K
Q2 24
$898.0K
Q1 24
$1.1M
FCF Margin
ONTF
ONTF
STRW
STRW
Q4 25
-6.4%
Q3 25
6.2%
Q2 25
5.9%
Q1 25
5.6%
Q4 24
1.2%
Q3 24
0.4%
Q2 24
2.4%
Q1 24
2.9%
Capex Intensity
ONTF
ONTF
STRW
STRW
Q4 25
3.3%
Q3 25
1.1%
Q2 25
1.4%
Q1 25
4.2%
Q4 24
1.5%
Q3 24
0.4%
Q2 24
1.3%
Q1 24
2.8%
Cash Conversion
ONTF
ONTF
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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