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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $36.5M, roughly 1.4× SmartRent, Inc.). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -8.9%, a 3.8% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -14.2%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -15.0%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $36.5M |
| Net Profit | $-2.6M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -1.9% | -10.9% |
| Net Margin | -5.1% | -8.9% |
| Revenue YoY | -14.2% | 3.1% |
| Net Profit YoY | -14.5% | 71.6% |
| EPS (diluted) | $-0.11 | $-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.
| Q4 25 | $50.3M | $36.5M | ||
| Q3 25 | $52.2M | $36.2M | ||
| Q2 25 | $60.4M | $38.3M | ||
| Q1 25 | $40.2M | $41.3M | ||
| Q4 24 | $58.6M | $35.4M | ||
| Q3 24 | $60.1M | $40.5M | ||
| Q2 24 | $46.8M | $48.5M | ||
| Q1 24 | $45.1M | $50.5M |
| Q4 25 | $-2.6M | $-3.2M | ||
| Q3 25 | $-4.2M | $-6.3M | ||
| Q2 25 | $-2.7M | $-10.9M | ||
| Q1 25 | $-4.8M | $-40.2M | ||
| Q4 24 | $-2.2M | $-11.4M | ||
| Q3 24 | $-7.0M | $-9.9M | ||
| Q2 24 | $-12.8M | $-4.6M | ||
| Q1 24 | $-13.2M | $-7.7M |
| 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% |
| Q4 25 | -1.9% | -10.9% | ||
| Q3 25 | -0.6% | -19.4% | ||
| Q2 25 | 4.8% | -30.5% | ||
| Q1 25 | -17.2% | -99.9% | ||
| Q4 24 | 2.6% | -36.6% | ||
| Q3 24 | -0.6% | -29.0% | ||
| Q2 24 | -16.4% | -14.3% | ||
| Q1 24 | -16.7% | -20.1% |
| Q4 25 | -5.1% | -8.9% | ||
| Q3 25 | -8.0% | -17.3% | ||
| Q2 25 | -4.4% | -28.3% | ||
| Q1 25 | -11.8% | -97.2% | ||
| Q4 24 | -3.8% | -32.3% | ||
| Q3 24 | -11.7% | -24.5% | ||
| Q2 24 | -27.4% | -9.5% | ||
| Q1 24 | -29.4% | -15.2% |
| Q4 25 | $-0.11 | $-0.02 | ||
| Q3 25 | $-0.18 | $-0.03 | ||
| Q2 25 | $-0.12 | $-0.06 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.11 | $-0.06 | ||
| Q3 24 | $-0.31 | $-0.05 | ||
| Q2 24 | $-0.57 | $-0.02 | ||
| Q1 24 | $-0.59 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.5M | $104.5M |
| Total DebtLower is stronger | $185.1M | — |
| Stockholders' EquityBook value | $-18.2M | $232.1M |
| Total Assets | $434.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $104.5M | ||
| Q3 25 | $8.1M | $100.0M | ||
| Q2 25 | $9.1M | $105.0M | ||
| Q1 25 | $5.9M | $125.6M | ||
| Q4 24 | $12.4M | $142.5M | ||
| Q3 24 | $10.1M | $163.4M | ||
| Q2 24 | $9.3M | $187.4M | ||
| Q1 24 | $7.5M | $204.7M |
| Q4 25 | $185.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-18.2M | $232.1M | ||
| Q3 25 | $-12.1M | $234.4M | ||
| Q2 25 | $-7.7M | $238.8M | ||
| Q1 25 | $-8.1M | $250.7M | ||
| Q4 24 | $-4.4M | $289.4M | ||
| Q3 24 | $1.6M | $305.1M | ||
| Q2 24 | $6.5M | $329.4M | ||
| Q1 24 | $18.0M | $333.1M |
| Q4 25 | $434.9M | $320.9M | ||
| Q3 25 | $435.2M | $335.8M | ||
| Q2 25 | $438.1M | $354.0M | ||
| Q1 25 | $441.0M | $366.1M | ||
| Q4 24 | $471.0M | $420.2M | ||
| Q3 24 | $495.7M | $448.6M | ||
| Q2 24 | $494.9M | $475.3M | ||
| Q1 24 | $494.9M | $485.5M |
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 | $4.3M | $7.7M |
| Free Cash FlowOCF − Capex | $4.1M | $7.7M |
| FCF MarginFCF / Revenue | 8.2% | 21.0% |
| Capex IntensityCapex / Revenue | 0.3% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $7.7M | ||
| Q3 25 | $295.0K | $-2.1M | ||
| Q2 25 | $1.6M | $-14.9M | ||
| Q1 25 | $-7.7M | $-12.2M | ||
| Q4 24 | $8.0M | $-12.0M | ||
| Q3 24 | $1.3M | $-3.7M | ||
| Q2 24 | $-10.4M | $-13.9M | ||
| Q1 24 | $-2.8M | $-3.3M |
| Q4 25 | $4.1M | $7.7M | ||
| Q3 25 | $-246.0K | $-2.2M | ||
| Q2 25 | $1.2M | $-16.2M | ||
| Q1 25 | $-8.0M | $-14.3M | ||
| Q4 24 | $7.0M | $-13.3M | ||
| Q3 24 | $-1.1M | $-3.9M | ||
| Q2 24 | $-10.6M | $-14.1M | ||
| Q1 24 | $-4.7M | $-3.4M |
| Q4 25 | 8.2% | 21.0% | ||
| Q3 25 | -0.5% | -6.1% | ||
| Q2 25 | 1.9% | -42.3% | ||
| Q1 25 | -19.8% | -34.7% | ||
| Q4 24 | 12.0% | -37.5% | ||
| Q3 24 | -1.8% | -9.7% | ||
| Q2 24 | -22.7% | -29.1% | ||
| Q1 24 | -10.4% | -6.7% |
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 0.6% | 3.3% | ||
| Q1 25 | 0.6% | 5.3% | ||
| Q4 24 | 1.7% | 3.5% | ||
| Q3 24 | 4.0% | 0.6% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 4.3% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
