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

ARS Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($28.1M vs $26.0M, roughly 1.1× Postal Realty Trust, Inc.). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -147.1%, a 165.0% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -67.6%).

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.

ARS Pharmaceuticals, Inc. is a late-stage biopharmaceutical firm specializing in the development and commercialization of novel therapies for severe allergic reactions, most notably needle-free epinephrine delivery solutions for anaphylaxis. It primarily operates in the North American market, catering to both pediatric and adult patient groups at risk of life-threatening allergic responses.

PSTL vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.1× larger
SPRY
$28.1M
$26.0M
PSTL
Growing faster (revenue YoY)
PSTL
PSTL
+89.2% gap
PSTL
21.7%
-67.6%
SPRY
Higher net margin
PSTL
PSTL
165.0% more per $
PSTL
17.9%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTL
PSTL
SPRY
SPRY
Revenue
$26.0M
$28.1M
Net Profit
$4.6M
$-41.3M
Gross Margin
Operating Margin
39.2%
-147.6%
Net Margin
17.9%
-147.1%
Revenue YoY
21.7%
-67.6%
Net Profit YoY
3.1%
-182.8%
EPS (diluted)
$0.16
$-0.41

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
SPRY
SPRY
Q4 25
$26.0M
$28.1M
Q3 25
$24.3M
$32.5M
Q2 25
$23.4M
$15.7M
Q1 25
$22.1M
$8.0M
Q4 24
$21.4M
$86.6M
Q3 24
$19.7M
$2.1M
Q2 24
$18.1M
$500.0K
Q1 24
$17.3M
$0
Net Profit
PSTL
PSTL
SPRY
SPRY
Q4 25
$4.6M
$-41.3M
Q3 25
$3.8M
$-51.2M
Q2 25
$3.6M
$-44.9M
Q1 25
$2.1M
$-33.9M
Q4 24
$4.5M
$49.9M
Q3 24
$1.1M
$-19.1M
Q2 24
$817.0K
$-12.5M
Q1 24
$206.0K
$-10.3M
Operating Margin
PSTL
PSTL
SPRY
SPRY
Q4 25
39.2%
-147.6%
Q3 25
37.6%
-163.7%
Q2 25
37.3%
-302.9%
Q1 25
28.4%
-466.3%
Q4 24
43.2%
54.5%
Q3 24
24.3%
-1051.6%
Q2 24
22.8%
-3068.0%
Q1 24
17.6%
Net Margin
PSTL
PSTL
SPRY
SPRY
Q4 25
17.9%
-147.1%
Q3 25
15.7%
-157.4%
Q2 25
15.5%
-285.6%
Q1 25
9.4%
-425.7%
Q4 24
21.1%
57.7%
Q3 24
5.4%
-925.0%
Q2 24
4.5%
-2503.2%
Q1 24
1.2%
EPS (diluted)
PSTL
PSTL
SPRY
SPRY
Q4 25
$0.16
$-0.41
Q3 25
$0.13
$-0.52
Q2 25
$0.12
$-0.46
Q1 25
$0.06
$-0.35
Q4 24
$0.17
$0.52
Q3 24
$0.03
$-0.20
Q2 24
$0.02
$-0.13
Q1 24
$-0.01
$-0.11

Balance Sheet & Financial Strength

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

Metric
PSTL
PSTL
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$1.5M
$245.0M
Total DebtLower is stronger
$361.1M
$96.4M
Stockholders' EquityBook value
$285.2M
$114.3M
Total Assets
$759.1M
$327.7M
Debt / EquityLower = less leverage
1.27×
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTL
PSTL
SPRY
SPRY
Q4 25
$1.5M
$245.0M
Q3 25
$1.9M
$288.2M
Q2 25
$1.1M
$240.1M
Q1 25
$639.0K
$275.7M
Q4 24
$1.8M
$314.0M
Q3 24
$970.0K
$204.6M
Q2 24
$1.7M
$218.7M
Q1 24
$1.9M
$223.6M
Total Debt
PSTL
PSTL
SPRY
SPRY
Q4 25
$361.1M
$96.4M
Q3 25
$347.0M
$96.2M
Q2 25
$328.8M
Q1 25
$306.7M
Q4 24
$296.7M
$0
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
Stockholders' Equity
PSTL
PSTL
SPRY
SPRY
Q4 25
$285.2M
$114.3M
Q3 25
$273.9M
$147.7M
Q2 25
$250.8M
$192.3M
Q1 25
$245.5M
$229.0M
Q4 24
$251.3M
$256.8M
Q3 24
$245.6M
$201.0M
Q2 24
$245.5M
$215.2M
Q1 24
$248.1M
$223.9M
Total Assets
PSTL
PSTL
SPRY
SPRY
Q4 25
$759.1M
$327.7M
Q3 25
$735.2M
$372.8M
Q2 25
$689.8M
$313.5M
Q1 25
$654.0M
$327.3M
Q4 24
$646.8M
$351.2M
Q3 24
$615.1M
$217.6M
Q2 24
$608.2M
$222.0M
Q1 24
$584.1M
$227.6M
Debt / Equity
PSTL
PSTL
SPRY
SPRY
Q4 25
1.27×
0.84×
Q3 25
1.27×
0.65×
Q2 25
1.31×
Q1 25
1.25×
Q4 24
1.18×
0.00×
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
SPRY
SPRY
Operating Cash FlowLast quarter
$44.5M
$-43.5M
Free Cash FlowOCF − Capex
$37.6M
FCF MarginFCF / Revenue
144.5%
Capex IntensityCapex / Revenue
26.7%
0.0%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$65.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTL
PSTL
SPRY
SPRY
Q4 25
$44.5M
$-43.5M
Q3 25
$10.9M
$-47.0M
Q2 25
$11.4M
$-39.6M
Q1 25
$10.8M
$-40.7M
Q4 24
$33.5M
$42.0M
Q3 24
$8.0M
$-14.5M
Q2 24
$9.9M
$-7.3M
Q1 24
$6.4M
$-6.7M
Free Cash Flow
PSTL
PSTL
SPRY
SPRY
Q4 25
$37.6M
Q3 25
$8.8M
$-47.2M
Q2 25
$9.1M
$-39.6M
Q1 25
$10.2M
$-40.8M
Q4 24
$30.7M
$41.7M
Q3 24
$7.4M
$-14.6M
Q2 24
$8.9M
$-7.3M
Q1 24
$5.8M
$-6.8M
FCF Margin
PSTL
PSTL
SPRY
SPRY
Q4 25
144.5%
Q3 25
36.1%
-145.4%
Q2 25
38.8%
-252.2%
Q1 25
45.9%
-512.1%
Q4 24
143.8%
48.2%
Q3 24
37.6%
-706.3%
Q2 24
49.4%
-1463.4%
Q1 24
33.6%
Capex Intensity
PSTL
PSTL
SPRY
SPRY
Q4 25
26.7%
0.0%
Q3 25
8.9%
0.6%
Q2 25
10.1%
0.3%
Q1 25
3.0%
1.1%
Q4 24
13.0%
0.3%
Q3 24
3.2%
6.8%
Q2 24
5.4%
7.6%
Q1 24
3.5%
Cash Conversion
PSTL
PSTL
SPRY
SPRY
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
Q4 24
7.44×
0.84×
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.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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