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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $36.5M, roughly 1.4× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -106.3%, a 97.4% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -1.4%). Over the past eight quarters, Plymouth Industrial REIT, Inc.'s revenue compounded faster (0.4% CAGR vs -15.0%).
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
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.
PLYM vs SMRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.2M | $36.5M |
| Net Profit | $-54.4M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -102.5% | -10.9% |
| Net Margin | -106.3% | -8.9% |
| Revenue YoY | -1.4% | 3.1% |
| Net Profit YoY | -248.5% | 71.6% |
| EPS (diluted) | $-1.23 | $-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 | — | $36.5M | ||
| Q3 25 | $51.2M | $36.2M | ||
| Q2 25 | $47.2M | $38.3M | ||
| Q1 25 | $45.6M | $41.3M | ||
| Q4 24 | $47.6M | $35.4M | ||
| Q3 24 | $51.9M | $40.5M | ||
| Q2 24 | $48.7M | $48.5M | ||
| Q1 24 | $50.2M | $50.5M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-54.4M | $-6.3M | ||
| Q2 25 | $-6.1M | $-10.9M | ||
| Q1 25 | $5.8M | $-40.2M | ||
| Q4 24 | $147.4M | $-11.4M | ||
| Q3 24 | $-15.6M | $-9.9M | ||
| Q2 24 | $1.3M | $-4.6M | ||
| Q1 24 | $6.2M | $-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 | — | -10.9% | ||
| Q3 25 | -102.5% | -19.4% | ||
| Q2 25 | -10.3% | -30.5% | ||
| Q1 25 | — | -99.9% | ||
| Q4 24 | — | -36.6% | ||
| Q3 24 | -29.6% | -29.0% | ||
| Q2 24 | 2.7% | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | — | -8.9% | ||
| Q3 25 | -106.3% | -17.3% | ||
| Q2 25 | -12.9% | -28.3% | ||
| Q1 25 | 12.8% | -97.2% | ||
| Q4 24 | 309.9% | -32.3% | ||
| Q3 24 | -30.1% | -24.5% | ||
| Q2 24 | 2.7% | -9.5% | ||
| Q1 24 | 12.4% | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $-1.23 | $-0.03 | ||
| Q2 25 | $-0.14 | $-0.06 | ||
| Q1 25 | $0.13 | $-0.21 | ||
| Q4 24 | $3.24 | $-0.06 | ||
| Q3 24 | $-0.35 | $-0.05 | ||
| Q2 24 | $0.03 | $-0.02 | ||
| Q1 24 | $0.14 | $-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 | — | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.1M | $232.1M |
| Total Assets | $1.6B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $646.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $232.1M | ||
| Q3 25 | $470.1M | $234.4M | ||
| Q2 25 | $539.6M | $238.8M | ||
| Q1 25 | $571.0M | $250.7M | ||
| Q4 24 | $579.5M | $289.4M | ||
| Q3 24 | $436.5M | $305.1M | ||
| Q2 24 | $475.2M | $329.4M | ||
| Q1 24 | $484.6M | $333.1M |
| Q4 25 | — | $320.9M | ||
| Q3 25 | $1.6B | $335.8M | ||
| Q2 25 | $1.6B | $354.0M | ||
| Q1 25 | $1.4B | $366.1M | ||
| Q4 24 | $1.4B | $420.2M | ||
| Q3 24 | $1.5B | $448.6M | ||
| Q2 24 | $1.4B | $475.3M | ||
| Q1 24 | $1.4B | $485.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $20.0M | $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 | — | $7.7M | ||
| Q3 25 | $20.0M | $-2.1M | ||
| Q2 25 | $23.4M | $-14.9M | ||
| Q1 25 | $15.6M | $-12.2M | ||
| Q4 24 | $96.1M | $-12.0M | ||
| Q3 24 | $17.6M | $-3.7M | ||
| Q2 24 | $19.9M | $-13.9M | ||
| Q1 24 | $16.6M | $-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% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 15.12× | — | ||
| Q1 24 | 2.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLYM
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% |
