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Side-by-side financial comparison of Playboy, Inc. (PLBY) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.

Playboy, Inc. is the larger business by last-quarter revenue ($34.9M vs $33.9M, roughly 1.0× Spok Holdings, Inc). Playboy, Inc. runs the higher net margin — 10.3% vs 8.7%, a 1.6% gap on every dollar of revenue. On growth, Playboy, Inc. posted the faster year-over-year revenue change (4.2% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $1.1M). Over the past eight quarters, Playboy, Inc.'s revenue compounded faster (11.0% CAGR vs -1.5%).

Playboy is an American men's lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $1,000 loan from Hefner's mother.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

PLBY vs SPOK — Head-to-Head

Bigger by revenue
PLBY
PLBY
1.0× larger
PLBY
$34.9M
$33.9M
SPOK
Growing faster (revenue YoY)
PLBY
PLBY
+4.3% gap
PLBY
4.2%
-0.1%
SPOK
Higher net margin
PLBY
PLBY
1.6% more per $
PLBY
10.3%
8.7%
SPOK
More free cash flow
SPOK
SPOK
$9.0M more FCF
SPOK
$10.1M
$1.1M
PLBY
Faster 2-yr revenue CAGR
PLBY
PLBY
Annualised
PLBY
11.0%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLBY
PLBY
SPOK
SPOK
Revenue
$34.9M
$33.9M
Net Profit
$3.6M
$2.9M
Gross Margin
73.3%
76.7%
Operating Margin
7.9%
11.6%
Net Margin
10.3%
8.7%
Revenue YoY
4.2%
-0.1%
Net Profit YoY
128.6%
-19.6%
EPS (diluted)
$0.05
$0.13

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
PLBY
PLBY
SPOK
SPOK
Q4 25
$34.9M
$33.9M
Q3 25
$29.0M
$33.9M
Q2 25
$28.1M
$35.7M
Q1 25
$28.9M
$36.3M
Q4 24
$33.5M
$33.9M
Q3 24
$29.4M
$34.9M
Q2 24
$24.9M
$34.0M
Q1 24
$28.3M
$34.9M
Net Profit
PLBY
PLBY
SPOK
SPOK
Q4 25
$3.6M
$2.9M
Q3 25
$460.0K
$3.2M
Q2 25
$-7.7M
$4.6M
Q1 25
$-9.0M
$5.2M
Q4 24
$-12.5M
$3.6M
Q3 24
$-33.8M
$3.7M
Q2 24
$-16.7M
$3.4M
Q1 24
$-16.4M
$4.2M
Gross Margin
PLBY
PLBY
SPOK
SPOK
Q4 25
73.3%
76.7%
Q3 25
76.0%
78.3%
Q2 25
65.4%
79.5%
Q1 25
68.6%
80.1%
Q4 24
70.8%
78.5%
Q3 24
61.0%
79.5%
Q2 24
67.8%
78.9%
Q1 24
55.8%
79.5%
Operating Margin
PLBY
PLBY
SPOK
SPOK
Q4 25
7.9%
11.6%
Q3 25
4.7%
12.9%
Q2 25
-20.9%
15.1%
Q1 25
-21.7%
16.6%
Q4 24
-13.3%
13.7%
Q3 24
-96.0%
14.2%
Q2 24
-37.0%
13.2%
Q1 24
-31.5%
14.0%
Net Margin
PLBY
PLBY
SPOK
SPOK
Q4 25
10.3%
8.7%
Q3 25
1.6%
9.5%
Q2 25
-27.3%
12.8%
Q1 25
-31.3%
14.3%
Q4 24
-37.4%
10.8%
Q3 24
-114.7%
10.5%
Q2 24
-66.9%
10.1%
Q1 24
-58.1%
12.1%
EPS (diluted)
PLBY
PLBY
SPOK
SPOK
Q4 25
$0.05
$0.13
Q3 25
$0.00
$0.15
Q2 25
$-0.08
$0.22
Q1 25
$-0.10
$0.25
Q4 24
$-0.13
$0.17
Q3 24
$-0.45
$0.18
Q2 24
$-0.23
$0.17
Q1 24
$-0.23
$0.21

Balance Sheet & Financial Strength

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

Metric
PLBY
PLBY
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$37.8M
$25.3M
Total DebtLower is stronger
$174.2M
Stockholders' EquityBook value
$18.4M
$146.4M
Total Assets
$292.4M
$206.1M
Debt / EquityLower = less leverage
9.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLBY
PLBY
SPOK
SPOK
Q4 25
$37.8M
$25.3M
Q3 25
$27.5M
$21.4M
Q2 25
$19.6M
$20.2M
Q1 25
$23.7M
$19.9M
Q4 24
$30.9M
$29.1M
Q3 24
$9.5M
$27.8M
Q2 24
$16.9M
$23.9M
Q1 24
$19.0M
$23.3M
Total Debt
PLBY
PLBY
SPOK
SPOK
Q4 25
$174.2M
Q3 25
$176.8M
Q2 25
$177.5M
Q1 25
$176.3M
Q4 24
$176.6M
Q3 24
$200.0M
Q2 24
$196.3M
Q1 24
$193.4M
Stockholders' Equity
PLBY
PLBY
SPOK
SPOK
Q4 25
$18.4M
$146.4M
Q3 25
$3.8M
$148.7M
Q2 25
$-17.5M
$150.9M
Q1 25
$-11.4M
$151.7M
Q4 24
$-7.7M
$154.7M
Q3 24
$-15.7M
$156.3M
Q2 24
$15.7M
$158.2M
Q1 24
$29.5M
$160.2M
Total Assets
PLBY
PLBY
SPOK
SPOK
Q4 25
$292.4M
$206.1M
Q3 25
$278.3M
$209.7M
Q2 25
$264.1M
$208.7M
Q1 25
$270.6M
$204.5M
Q4 24
$284.7M
$217.1M
Q3 24
$271.5M
$216.8M
Q2 24
$301.8M
$216.4M
Q1 24
$309.1M
$215.0M
Debt / Equity
PLBY
PLBY
SPOK
SPOK
Q4 25
9.48×
Q3 25
46.86×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
12.51×
Q1 24
6.54×

Cash Flow & Capital Efficiency

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

Metric
PLBY
PLBY
SPOK
SPOK
Operating Cash FlowLast quarter
$1.4M
$11.5M
Free Cash FlowOCF − Capex
$1.1M
$10.1M
FCF MarginFCF / Revenue
3.2%
29.9%
Capex IntensityCapex / Revenue
0.8%
4.1%
Cash ConversionOCF / Net Profit
0.39×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$-1.0M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLBY
PLBY
SPOK
SPOK
Q4 25
$1.4M
$11.5M
Q3 25
$10.1M
$8.1M
Q2 25
$-3.9M
$7.0M
Q1 25
$-7.6M
$2.3M
Q4 24
$161.0K
$8.4M
Q3 24
$-6.5M
$11.1M
Q2 24
$-3.0M
$7.4M
Q1 24
$-9.8M
$2.0M
Free Cash Flow
PLBY
PLBY
SPOK
SPOK
Q4 25
$1.1M
$10.1M
Q3 25
$9.8M
$7.6M
Q2 25
$-4.3M
$6.0M
Q1 25
$-7.7M
$1.5M
Q4 24
$-401.0K
$7.5M
Q3 24
$-7.0M
$10.3M
Q2 24
$-3.7M
$6.8M
Q1 24
$-10.3M
$1.1M
FCF Margin
PLBY
PLBY
SPOK
SPOK
Q4 25
3.2%
29.9%
Q3 25
33.8%
22.4%
Q2 25
-15.2%
16.8%
Q1 25
-26.5%
4.2%
Q4 24
-1.2%
22.3%
Q3 24
-23.7%
29.4%
Q2 24
-14.8%
20.0%
Q1 24
-36.5%
3.2%
Capex Intensity
PLBY
PLBY
SPOK
SPOK
Q4 25
0.8%
4.1%
Q3 25
1.1%
1.6%
Q2 25
1.4%
2.9%
Q1 25
0.1%
2.1%
Q4 24
1.7%
2.5%
Q3 24
1.5%
2.4%
Q2 24
2.6%
1.9%
Q1 24
2.1%
2.5%
Cash Conversion
PLBY
PLBY
SPOK
SPOK
Q4 25
0.39×
3.93×
Q3 25
22.02×
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
2.31×
Q3 24
3.03×
Q2 24
2.17×
Q1 24
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLBY
PLBY

Transferred At Point In Time$22.2M64%
Trademark Licensing$6.5M19%
Related Party$5.0M14%
Other$1.1M3%

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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