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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and SunPower Inc. (SPWR). Click either name above to swap in a different company.

SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $51.2M, roughly 1.6× Plymouth Industrial REIT, Inc.). SunPower Inc. runs the higher net margin — -17.8% vs -106.3%, a 88.5% gap on every dollar of revenue. On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% CAGR vs 0.4%).

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.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

PLYM vs SPWR — Head-to-Head

Bigger by revenue
SPWR
SPWR
1.6× larger
SPWR
$79.7M
$51.2M
PLYM
Growing faster (revenue YoY)
PLYM
PLYM
+8.7% gap
PLYM
-1.4%
-10.1%
SPWR
Higher net margin
SPWR
SPWR
88.5% more per $
SPWR
-17.8%
-106.3%
PLYM
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
0.4%
PLYM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLYM
PLYM
SPWR
SPWR
Revenue
$51.2M
$79.7M
Net Profit
$-54.4M
$-14.2M
Gross Margin
35.5%
Operating Margin
-102.5%
-27.4%
Net Margin
-106.3%
-17.8%
Revenue YoY
-1.4%
-10.1%
Net Profit YoY
-248.5%
-130.1%
EPS (diluted)
$-1.23
$-0.05

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
PLYM
PLYM
SPWR
SPWR
Q4 25
$79.7M
Q3 25
$51.2M
$22.0M
Q2 25
$47.2M
$67.5M
Q1 25
$45.6M
$82.7M
Q4 24
$47.6M
$88.7M
Q3 24
$51.9M
Q2 24
$48.7M
Q1 24
$50.2M
Net Profit
PLYM
PLYM
SPWR
SPWR
Q4 25
$-14.2M
Q3 25
$-54.4M
$-16.9M
Q2 25
$-6.1M
$-22.4M
Q1 25
$5.8M
$8.1M
Q4 24
$147.4M
$47.0M
Q3 24
$-15.6M
Q2 24
$1.3M
Q1 24
$6.2M
Gross Margin
PLYM
PLYM
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q3 24
Q2 24
Q1 24
Operating Margin
PLYM
PLYM
SPWR
SPWR
Q4 25
-27.4%
Q3 25
-102.5%
-15.7%
Q2 25
-10.3%
-4.0%
Q1 25
1.3%
Q4 24
-24.2%
Q3 24
-29.6%
Q2 24
2.7%
Q1 24
Net Margin
PLYM
PLYM
SPWR
SPWR
Q4 25
-17.8%
Q3 25
-106.3%
-76.9%
Q2 25
-12.9%
-33.2%
Q1 25
12.8%
9.8%
Q4 24
309.9%
53.0%
Q3 24
-30.1%
Q2 24
2.7%
Q1 24
12.4%
EPS (diluted)
PLYM
PLYM
SPWR
SPWR
Q4 25
$-0.05
Q3 25
$-1.23
$-0.19
Q2 25
$-0.14
$-0.28
Q1 25
$0.13
$0.00
Q4 24
$3.24
$0.27
Q3 24
$-0.35
Q2 24
$0.03
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$9.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$470.1M
$-90.1M
Total Assets
$1.6B
$241.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
SPWR
SPWR
Q4 25
$9.6M
Q3 25
$5.1M
Q2 25
$11.1M
Q1 25
$10.6M
Q4 24
$13.4M
Q3 24
Q2 24
Q1 24
Total Debt
PLYM
PLYM
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$646.4M
$147.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PLYM
PLYM
SPWR
SPWR
Q4 25
$-90.1M
Q3 25
$470.1M
$-112.3M
Q2 25
$539.6M
$-107.2M
Q1 25
$571.0M
$-89.0M
Q4 24
$579.5M
$-97.5M
Q3 24
$436.5M
Q2 24
$475.2M
Q1 24
$484.6M
Total Assets
PLYM
PLYM
SPWR
SPWR
Q4 25
$241.2M
Q3 25
$1.6B
$208.3M
Q2 25
$1.6B
$163.1M
Q1 25
$1.4B
$147.8M
Q4 24
$1.4B
$144.5M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
PLYM
PLYM
SPWR
SPWR
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
PLYM
PLYM
SPWR
SPWR
Operating Cash FlowLast quarter
$20.0M
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLYM
PLYM
SPWR
SPWR
Q4 25
$-1.9M
Q3 25
$20.0M
$-6.4M
Q2 25
$23.4M
$-4.4M
Q1 25
$15.6M
$-2.6M
Q4 24
$96.1M
$-25.6M
Q3 24
$17.6M
Q2 24
$19.9M
Q1 24
$16.6M
Cash Conversion
PLYM
PLYM
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
2.67×
-0.32×
Q4 24
0.65×
-0.54×
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
PLYM

Segment breakdown not available.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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