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Side-by-side financial comparison of Postal Realty Trust, Inc. (PSTL) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.

Postal Realty Trust, Inc. is the larger business by last-quarter revenue ($26.0M vs $15.8M, roughly 1.6× Spire Global, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -176.6%, a 194.5% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -26.9%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $-16.2M). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -32.6%).

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.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

PSTL vs SPIR — Head-to-Head

Bigger by revenue
PSTL
PSTL
1.6× larger
PSTL
$26.0M
$15.8M
SPIR
Growing faster (revenue YoY)
PSTL
PSTL
+48.6% gap
PSTL
21.7%
-26.9%
SPIR
Higher net margin
PSTL
PSTL
194.5% more per $
PSTL
17.9%
-176.6%
SPIR
More free cash flow
PSTL
PSTL
$53.7M more FCF
PSTL
$37.6M
$-16.2M
SPIR
Faster 2-yr revenue CAGR
PSTL
PSTL
Annualised
PSTL
22.6%
-32.6%
SPIR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTL
PSTL
SPIR
SPIR
Revenue
$26.0M
$15.8M
Net Profit
$4.6M
$-28.0M
Gross Margin
40.2%
Operating Margin
39.2%
-164.1%
Net Margin
17.9%
-176.6%
Revenue YoY
21.7%
-26.9%
Net Profit YoY
3.1%
42.7%
EPS (diluted)
$0.16
$-0.85

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
SPIR
SPIR
Q4 25
$26.0M
$15.8M
Q3 25
$24.3M
$12.7M
Q2 25
$23.4M
$19.2M
Q1 25
$22.1M
$23.9M
Q4 24
$21.4M
$21.7M
Q3 24
$19.7M
$28.6M
Q2 24
$18.1M
$25.4M
Q1 24
$17.3M
$34.8M
Net Profit
PSTL
PSTL
SPIR
SPIR
Q4 25
$4.6M
$-28.0M
Q3 25
$3.8M
$-19.7M
Q2 25
$3.6M
$119.6M
Q1 25
$2.1M
$-20.7M
Q4 24
$4.5M
$-48.8M
Q3 24
$1.1M
$-12.5M
Q2 24
$817.0K
$-16.6M
Q1 24
$206.0K
$-25.5M
Gross Margin
PSTL
PSTL
SPIR
SPIR
Q4 25
40.2%
Q3 25
36.6%
Q2 25
48.9%
Q1 25
36.8%
Q4 24
32.4%
Q3 24
44.5%
Q2 24
43.0%
Q1 24
26.5%
Operating Margin
PSTL
PSTL
SPIR
SPIR
Q4 25
39.2%
-164.1%
Q3 25
37.6%
-166.1%
Q2 25
37.3%
-122.7%
Q1 25
28.4%
-106.5%
Q4 24
43.2%
-144.1%
Q3 24
24.3%
-48.0%
Q2 24
22.8%
-48.6%
Q1 24
17.6%
-34.4%
Net Margin
PSTL
PSTL
SPIR
SPIR
Q4 25
17.9%
-176.6%
Q3 25
15.7%
-155.3%
Q2 25
15.5%
623.4%
Q1 25
9.4%
-86.5%
Q4 24
21.1%
-225.2%
Q3 24
5.4%
-43.7%
Q2 24
4.5%
-65.2%
Q1 24
1.2%
-73.3%
EPS (diluted)
PSTL
PSTL
SPIR
SPIR
Q4 25
$0.16
$-0.85
Q3 25
$0.13
$-0.61
Q2 25
$0.12
$3.72
Q1 25
$0.06
$-0.77
Q4 24
$0.17
$-1.93
Q3 24
$0.03
$-0.50
Q2 24
$0.02
$-0.68
Q1 24
$-0.01
$-1.17

Balance Sheet & Financial Strength

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

Metric
PSTL
PSTL
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$1.5M
$81.8M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$285.2M
$112.9M
Total Assets
$759.1M
$211.0M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTL
PSTL
SPIR
SPIR
Q4 25
$1.5M
$81.8M
Q3 25
$1.9M
$96.8M
Q2 25
$1.1M
$117.6M
Q1 25
$639.0K
$35.9M
Q4 24
$1.8M
$19.2M
Q3 24
$970.0K
$36.6M
Q2 24
$1.7M
$45.8M
Q1 24
$1.9M
$63.7M
Total Debt
PSTL
PSTL
SPIR
SPIR
Q4 25
$361.1M
Q3 25
$347.0M
Q2 25
$328.8M
Q1 25
$306.7M
$103.7M
Q4 24
$296.7M
$103.1M
Q3 24
$277.0M
$4.9M
Q2 24
$273.7M
$4.9M
Q1 24
$247.6M
$123.1M
Stockholders' Equity
PSTL
PSTL
SPIR
SPIR
Q4 25
$285.2M
$112.9M
Q3 25
$273.9M
$133.1M
Q2 25
$250.8M
$149.2M
Q1 25
$245.5M
$3.7M
Q4 24
$251.3M
$-11.7M
Q3 24
$245.6M
$30.8M
Q2 24
$245.5M
$40.3M
Q1 24
$248.1M
$52.5M
Total Assets
PSTL
PSTL
SPIR
SPIR
Q4 25
$759.1M
$211.0M
Q3 25
$735.2M
$224.3M
Q2 25
$689.8M
$239.5M
Q1 25
$654.0M
$208.8M
Q4 24
$646.8M
$193.6M
Q3 24
$615.1M
$224.2M
Q2 24
$608.2M
$230.8M
Q1 24
$584.1M
$252.3M
Debt / Equity
PSTL
PSTL
SPIR
SPIR
Q4 25
1.27×
Q3 25
1.27×
Q2 25
1.31×
Q1 25
1.25×
27.92×
Q4 24
1.18×
Q3 24
1.13×
0.16×
Q2 24
1.11×
0.12×
Q1 24
1.00×
2.35×

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
SPIR
SPIR
Operating Cash FlowLast quarter
$44.5M
$-4.3M
Free Cash FlowOCF − Capex
$37.6M
$-16.2M
FCF MarginFCF / Revenue
144.5%
-102.1%
Capex IntensityCapex / Revenue
26.7%
75.1%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$65.6M
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTL
PSTL
SPIR
SPIR
Q4 25
$44.5M
$-4.3M
Q3 25
$10.9M
$-12.0M
Q2 25
$11.4M
$-35.1M
Q1 25
$10.8M
$-8.4M
Q4 24
$33.5M
$-19.2M
Q3 24
$8.0M
$14.0M
Q2 24
$9.9M
$-4.4M
Q1 24
$6.4M
$-8.8M
Free Cash Flow
PSTL
PSTL
SPIR
SPIR
Q4 25
$37.6M
$-16.2M
Q3 25
$8.8M
$-20.4M
Q2 25
$9.1M
$-38.7M
Q1 25
$10.2M
$-17.3M
Q4 24
$30.7M
$-24.3M
Q3 24
$7.4M
$5.1M
Q2 24
$8.9M
$-9.9M
Q1 24
$5.8M
$-15.9M
FCF Margin
PSTL
PSTL
SPIR
SPIR
Q4 25
144.5%
-102.1%
Q3 25
36.1%
-161.3%
Q2 25
38.8%
-201.7%
Q1 25
45.9%
-72.6%
Q4 24
143.8%
-112.2%
Q3 24
37.6%
17.8%
Q2 24
49.4%
-39.0%
Q1 24
33.6%
-45.7%
Capex Intensity
PSTL
PSTL
SPIR
SPIR
Q4 25
26.7%
75.1%
Q3 25
8.9%
66.2%
Q2 25
10.1%
18.8%
Q1 25
3.0%
37.3%
Q4 24
13.0%
23.5%
Q3 24
3.2%
31.2%
Q2 24
5.4%
21.8%
Q1 24
3.5%
20.3%
Cash Conversion
PSTL
PSTL
SPIR
SPIR
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
-0.29×
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.

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