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Side-by-side financial comparison of Postal Realty Trust, Inc. (PSTL) 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 $26.0M, roughly 1.4× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -8.9%, a 26.8% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs 3.1%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $7.7M). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -15.0%).

Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.

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.

PSTL vs SMRT — Head-to-Head

Bigger by revenue
SMRT
SMRT
1.4× larger
SMRT
$36.5M
$26.0M
PSTL
Growing faster (revenue YoY)
PSTL
PSTL
+18.5% gap
PSTL
21.7%
3.1%
SMRT
Higher net margin
PSTL
PSTL
26.8% more per $
PSTL
17.9%
-8.9%
SMRT
More free cash flow
PSTL
PSTL
$29.9M more FCF
PSTL
$37.6M
$7.7M
SMRT
Faster 2-yr revenue CAGR
PSTL
PSTL
Annualised
PSTL
22.6%
-15.0%
SMRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTL
PSTL
SMRT
SMRT
Revenue
$26.0M
$36.5M
Net Profit
$4.6M
$-3.2M
Gross Margin
38.6%
Operating Margin
39.2%
-10.9%
Net Margin
17.9%
-8.9%
Revenue YoY
21.7%
3.1%
Net Profit YoY
3.1%
71.6%
EPS (diluted)
$0.16
$-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.

Revenue
PSTL
PSTL
SMRT
SMRT
Q4 25
$26.0M
$36.5M
Q3 25
$24.3M
$36.2M
Q2 25
$23.4M
$38.3M
Q1 25
$22.1M
$41.3M
Q4 24
$21.4M
$35.4M
Q3 24
$19.7M
$40.5M
Q2 24
$18.1M
$48.5M
Q1 24
$17.3M
$50.5M
Net Profit
PSTL
PSTL
SMRT
SMRT
Q4 25
$4.6M
$-3.2M
Q3 25
$3.8M
$-6.3M
Q2 25
$3.6M
$-10.9M
Q1 25
$2.1M
$-40.2M
Q4 24
$4.5M
$-11.4M
Q3 24
$1.1M
$-9.9M
Q2 24
$817.0K
$-4.6M
Q1 24
$206.0K
$-7.7M
Gross Margin
PSTL
PSTL
SMRT
SMRT
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%
Operating Margin
PSTL
PSTL
SMRT
SMRT
Q4 25
39.2%
-10.9%
Q3 25
37.6%
-19.4%
Q2 25
37.3%
-30.5%
Q1 25
28.4%
-99.9%
Q4 24
43.2%
-36.6%
Q3 24
24.3%
-29.0%
Q2 24
22.8%
-14.3%
Q1 24
17.6%
-20.1%
Net Margin
PSTL
PSTL
SMRT
SMRT
Q4 25
17.9%
-8.9%
Q3 25
15.7%
-17.3%
Q2 25
15.5%
-28.3%
Q1 25
9.4%
-97.2%
Q4 24
21.1%
-32.3%
Q3 24
5.4%
-24.5%
Q2 24
4.5%
-9.5%
Q1 24
1.2%
-15.2%
EPS (diluted)
PSTL
PSTL
SMRT
SMRT
Q4 25
$0.16
$-0.02
Q3 25
$0.13
$-0.03
Q2 25
$0.12
$-0.06
Q1 25
$0.06
$-0.21
Q4 24
$0.17
$-0.06
Q3 24
$0.03
$-0.05
Q2 24
$0.02
$-0.02
Q1 24
$-0.01
$-0.04

Balance Sheet & Financial Strength

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

Metric
PSTL
PSTL
SMRT
SMRT
Cash + ST InvestmentsLiquidity on hand
$1.5M
$104.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$285.2M
$232.1M
Total Assets
$759.1M
$320.9M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTL
PSTL
SMRT
SMRT
Q4 25
$1.5M
$104.5M
Q3 25
$1.9M
$100.0M
Q2 25
$1.1M
$105.0M
Q1 25
$639.0K
$125.6M
Q4 24
$1.8M
$142.5M
Q3 24
$970.0K
$163.4M
Q2 24
$1.7M
$187.4M
Q1 24
$1.9M
$204.7M
Total Debt
PSTL
PSTL
SMRT
SMRT
Q4 25
$361.1M
Q3 25
$347.0M
Q2 25
$328.8M
Q1 25
$306.7M
Q4 24
$296.7M
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
Stockholders' Equity
PSTL
PSTL
SMRT
SMRT
Q4 25
$285.2M
$232.1M
Q3 25
$273.9M
$234.4M
Q2 25
$250.8M
$238.8M
Q1 25
$245.5M
$250.7M
Q4 24
$251.3M
$289.4M
Q3 24
$245.6M
$305.1M
Q2 24
$245.5M
$329.4M
Q1 24
$248.1M
$333.1M
Total Assets
PSTL
PSTL
SMRT
SMRT
Q4 25
$759.1M
$320.9M
Q3 25
$735.2M
$335.8M
Q2 25
$689.8M
$354.0M
Q1 25
$654.0M
$366.1M
Q4 24
$646.8M
$420.2M
Q3 24
$615.1M
$448.6M
Q2 24
$608.2M
$475.3M
Q1 24
$584.1M
$485.5M
Debt / Equity
PSTL
PSTL
SMRT
SMRT
Q4 25
1.27×
Q3 25
1.27×
Q2 25
1.31×
Q1 25
1.25×
Q4 24
1.18×
Q3 24
1.13×
Q2 24
1.11×
Q1 24
1.00×

Cash Flow & Capital Efficiency

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

Metric
PSTL
PSTL
SMRT
SMRT
Operating Cash FlowLast quarter
$44.5M
$7.7M
Free Cash FlowOCF − Capex
$37.6M
$7.7M
FCF MarginFCF / Revenue
144.5%
21.0%
Capex IntensityCapex / Revenue
26.7%
0.0%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$65.6M
$-25.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTL
PSTL
SMRT
SMRT
Q4 25
$44.5M
$7.7M
Q3 25
$10.9M
$-2.1M
Q2 25
$11.4M
$-14.9M
Q1 25
$10.8M
$-12.2M
Q4 24
$33.5M
$-12.0M
Q3 24
$8.0M
$-3.7M
Q2 24
$9.9M
$-13.9M
Q1 24
$6.4M
$-3.3M
Free Cash Flow
PSTL
PSTL
SMRT
SMRT
Q4 25
$37.6M
$7.7M
Q3 25
$8.8M
$-2.2M
Q2 25
$9.1M
$-16.2M
Q1 25
$10.2M
$-14.3M
Q4 24
$30.7M
$-13.3M
Q3 24
$7.4M
$-3.9M
Q2 24
$8.9M
$-14.1M
Q1 24
$5.8M
$-3.4M
FCF Margin
PSTL
PSTL
SMRT
SMRT
Q4 25
144.5%
21.0%
Q3 25
36.1%
-6.1%
Q2 25
38.8%
-42.3%
Q1 25
45.9%
-34.7%
Q4 24
143.8%
-37.5%
Q3 24
37.6%
-9.7%
Q2 24
49.4%
-29.1%
Q1 24
33.6%
-6.7%
Capex Intensity
PSTL
PSTL
SMRT
SMRT
Q4 25
26.7%
0.0%
Q3 25
8.9%
0.2%
Q2 25
10.1%
3.3%
Q1 25
3.0%
5.3%
Q4 24
13.0%
3.5%
Q3 24
3.2%
0.6%
Q2 24
5.4%
0.5%
Q1 24
3.5%
0.1%
Cash Conversion
PSTL
PSTL
SMRT
SMRT
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
Q4 24
7.44×
Q3 24
7.48×
Q2 24
12.10×
Q1 24
31.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PSTL
PSTL

Segment breakdown not available.

SMRT
SMRT

Hosted Services$18.1M50%
Hardware Service$12.5M34%
Smart Operations Solutions$2.6M7%
Access Control$2.0M5%
Other Smart Communities Solutions$1.3M3%

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