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Side-by-side financial comparison of Postal Realty Trust, Inc. (PSTL) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $26.0M, roughly 1.3× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs 8.7%, a 9.2% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -0.1%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $10.1M). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs -1.5%).
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.
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.
PSTL vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $26.0M | $33.9M |
| Net Profit | $4.6M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | 39.2% | 11.6% |
| Net Margin | 17.9% | 8.7% |
| Revenue YoY | 21.7% | -0.1% |
| Net Profit YoY | 3.1% | -19.6% |
| EPS (diluted) | $0.16 | $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.
| Q4 25 | $26.0M | $33.9M | ||
| Q3 25 | $24.3M | $33.9M | ||
| Q2 25 | $23.4M | $35.7M | ||
| Q1 25 | $22.1M | $36.3M | ||
| Q4 24 | $21.4M | $33.9M | ||
| Q3 24 | $19.7M | $34.9M | ||
| Q2 24 | $18.1M | $34.0M | ||
| Q1 24 | $17.3M | $34.9M |
| Q4 25 | $4.6M | $2.9M | ||
| Q3 25 | $3.8M | $3.2M | ||
| Q2 25 | $3.6M | $4.6M | ||
| Q1 25 | $2.1M | $5.2M | ||
| Q4 24 | $4.5M | $3.6M | ||
| Q3 24 | $1.1M | $3.7M | ||
| Q2 24 | $817.0K | $3.4M | ||
| Q1 24 | $206.0K | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 39.2% | 11.6% | ||
| Q3 25 | 37.6% | 12.9% | ||
| Q2 25 | 37.3% | 15.1% | ||
| Q1 25 | 28.4% | 16.6% | ||
| Q4 24 | 43.2% | 13.7% | ||
| Q3 24 | 24.3% | 14.2% | ||
| Q2 24 | 22.8% | 13.2% | ||
| Q1 24 | 17.6% | 14.0% |
| Q4 25 | 17.9% | 8.7% | ||
| Q3 25 | 15.7% | 9.5% | ||
| Q2 25 | 15.5% | 12.8% | ||
| Q1 25 | 9.4% | 14.3% | ||
| Q4 24 | 21.1% | 10.8% | ||
| Q3 24 | 5.4% | 10.5% | ||
| Q2 24 | 4.5% | 10.1% | ||
| Q1 24 | 1.2% | 12.1% |
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | $0.13 | $0.15 | ||
| Q2 25 | $0.12 | $0.22 | ||
| Q1 25 | $0.06 | $0.25 | ||
| Q4 24 | $0.17 | $0.17 | ||
| Q3 24 | $0.03 | $0.18 | ||
| Q2 24 | $0.02 | $0.17 | ||
| Q1 24 | $-0.01 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $25.3M |
| Total DebtLower is stronger | $361.1M | — |
| Stockholders' EquityBook value | $285.2M | $146.4M |
| Total Assets | $759.1M | $206.1M |
| Debt / EquityLower = less leverage | 1.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $25.3M | ||
| Q3 25 | $1.9M | $21.4M | ||
| Q2 25 | $1.1M | $20.2M | ||
| Q1 25 | $639.0K | $19.9M | ||
| Q4 24 | $1.8M | $29.1M | ||
| Q3 24 | $970.0K | $27.8M | ||
| Q2 24 | $1.7M | $23.9M | ||
| Q1 24 | $1.9M | $23.3M |
| 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 | — |
| Q4 25 | $285.2M | $146.4M | ||
| Q3 25 | $273.9M | $148.7M | ||
| Q2 25 | $250.8M | $150.9M | ||
| Q1 25 | $245.5M | $151.7M | ||
| Q4 24 | $251.3M | $154.7M | ||
| Q3 24 | $245.6M | $156.3M | ||
| Q2 24 | $245.5M | $158.2M | ||
| Q1 24 | $248.1M | $160.2M |
| Q4 25 | $759.1M | $206.1M | ||
| Q3 25 | $735.2M | $209.7M | ||
| Q2 25 | $689.8M | $208.7M | ||
| Q1 25 | $654.0M | $204.5M | ||
| Q4 24 | $646.8M | $217.1M | ||
| Q3 24 | $615.1M | $216.8M | ||
| Q2 24 | $608.2M | $216.4M | ||
| Q1 24 | $584.1M | $215.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $44.5M | $11.5M |
| Free Cash FlowOCF − Capex | $37.6M | $10.1M |
| FCF MarginFCF / Revenue | 144.5% | 29.9% |
| Capex IntensityCapex / Revenue | 26.7% | 4.1% |
| Cash ConversionOCF / Net Profit | 9.59× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $65.6M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $44.5M | $11.5M | ||
| Q3 25 | $10.9M | $8.1M | ||
| Q2 25 | $11.4M | $7.0M | ||
| Q1 25 | $10.8M | $2.3M | ||
| Q4 24 | $33.5M | $8.4M | ||
| Q3 24 | $8.0M | $11.1M | ||
| Q2 24 | $9.9M | $7.4M | ||
| Q1 24 | $6.4M | $2.0M |
| Q4 25 | $37.6M | $10.1M | ||
| Q3 25 | $8.8M | $7.6M | ||
| Q2 25 | $9.1M | $6.0M | ||
| Q1 25 | $10.2M | $1.5M | ||
| Q4 24 | $30.7M | $7.5M | ||
| Q3 24 | $7.4M | $10.3M | ||
| Q2 24 | $8.9M | $6.8M | ||
| Q1 24 | $5.8M | $1.1M |
| Q4 25 | 144.5% | 29.9% | ||
| Q3 25 | 36.1% | 22.4% | ||
| Q2 25 | 38.8% | 16.8% | ||
| Q1 25 | 45.9% | 4.2% | ||
| Q4 24 | 143.8% | 22.3% | ||
| Q3 24 | 37.6% | 29.4% | ||
| Q2 24 | 49.4% | 20.0% | ||
| Q1 24 | 33.6% | 3.2% |
| Q4 25 | 26.7% | 4.1% | ||
| Q3 25 | 8.9% | 1.6% | ||
| Q2 25 | 10.1% | 2.9% | ||
| Q1 25 | 3.0% | 2.1% | ||
| Q4 24 | 13.0% | 2.5% | ||
| Q3 24 | 3.2% | 2.4% | ||
| Q2 24 | 5.4% | 1.9% | ||
| Q1 24 | 3.5% | 2.5% |
| Q4 25 | 9.59× | 3.93× | ||
| Q3 25 | 2.87× | 2.54× | ||
| Q2 25 | 3.16× | 1.55× | ||
| Q1 25 | 5.20× | 0.43× | ||
| Q4 24 | 7.44× | 2.31× | ||
| Q3 24 | 7.48× | 3.03× | ||
| Q2 24 | 12.10× | 2.17× | ||
| Q1 24 | 31.07× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSTL
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
