vs
Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $33.9M, roughly 1.5× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -5.1%, a 13.8% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -14.2%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -1.5%).
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.
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.
RDI vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $33.9M |
| Net Profit | $-2.6M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -1.9% | 11.6% |
| Net Margin | -5.1% | 8.7% |
| Revenue YoY | -14.2% | -0.1% |
| Net Profit YoY | -14.5% | -19.6% |
| EPS (diluted) | $-0.11 | $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 | $50.3M | $33.9M | ||
| Q3 25 | $52.2M | $33.9M | ||
| Q2 25 | $60.4M | $35.7M | ||
| Q1 25 | $40.2M | $36.3M | ||
| Q4 24 | $58.6M | $33.9M | ||
| Q3 24 | $60.1M | $34.9M | ||
| Q2 24 | $46.8M | $34.0M | ||
| Q1 24 | $45.1M | $34.9M |
| Q4 25 | $-2.6M | $2.9M | ||
| Q3 25 | $-4.2M | $3.2M | ||
| Q2 25 | $-2.7M | $4.6M | ||
| Q1 25 | $-4.8M | $5.2M | ||
| Q4 24 | $-2.2M | $3.6M | ||
| Q3 24 | $-7.0M | $3.7M | ||
| Q2 24 | $-12.8M | $3.4M | ||
| Q1 24 | $-13.2M | $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 | -1.9% | 11.6% | ||
| Q3 25 | -0.6% | 12.9% | ||
| Q2 25 | 4.8% | 15.1% | ||
| Q1 25 | -17.2% | 16.6% | ||
| Q4 24 | 2.6% | 13.7% | ||
| Q3 24 | -0.6% | 14.2% | ||
| Q2 24 | -16.4% | 13.2% | ||
| Q1 24 | -16.7% | 14.0% |
| Q4 25 | -5.1% | 8.7% | ||
| Q3 25 | -8.0% | 9.5% | ||
| Q2 25 | -4.4% | 12.8% | ||
| Q1 25 | -11.8% | 14.3% | ||
| Q4 24 | -3.8% | 10.8% | ||
| Q3 24 | -11.7% | 10.5% | ||
| Q2 24 | -27.4% | 10.1% | ||
| Q1 24 | -29.4% | 12.1% |
| Q4 25 | $-0.11 | $0.13 | ||
| Q3 25 | $-0.18 | $0.15 | ||
| Q2 25 | $-0.12 | $0.22 | ||
| Q1 25 | $-0.21 | $0.25 | ||
| Q4 24 | $-0.11 | $0.17 | ||
| Q3 24 | $-0.31 | $0.18 | ||
| Q2 24 | $-0.57 | $0.17 | ||
| Q1 24 | $-0.59 | $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 | $10.5M | $25.3M |
| Total DebtLower is stronger | $185.1M | — |
| Stockholders' EquityBook value | $-18.2M | $146.4M |
| Total Assets | $434.9M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $25.3M | ||
| Q3 25 | $8.1M | $21.4M | ||
| Q2 25 | $9.1M | $20.2M | ||
| Q1 25 | $5.9M | $19.9M | ||
| Q4 24 | $12.4M | $29.1M | ||
| Q3 24 | $10.1M | $27.8M | ||
| Q2 24 | $9.3M | $23.9M | ||
| Q1 24 | $7.5M | $23.3M |
| Q4 25 | $185.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $202.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-18.2M | $146.4M | ||
| Q3 25 | $-12.1M | $148.7M | ||
| Q2 25 | $-7.7M | $150.9M | ||
| Q1 25 | $-8.1M | $151.7M | ||
| Q4 24 | $-4.4M | $154.7M | ||
| Q3 24 | $1.6M | $156.3M | ||
| Q2 24 | $6.5M | $158.2M | ||
| Q1 24 | $18.0M | $160.2M |
| Q4 25 | $434.9M | $206.1M | ||
| Q3 25 | $435.2M | $209.7M | ||
| Q2 25 | $438.1M | $208.7M | ||
| Q1 25 | $441.0M | $204.5M | ||
| Q4 24 | $471.0M | $217.1M | ||
| Q3 24 | $495.7M | $216.8M | ||
| Q2 24 | $494.9M | $216.4M | ||
| Q1 24 | $494.9M | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $4.1M | $10.1M |
| FCF MarginFCF / Revenue | 8.2% | 29.9% |
| Capex IntensityCapex / Revenue | 0.3% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $11.5M | ||
| Q3 25 | $295.0K | $8.1M | ||
| Q2 25 | $1.6M | $7.0M | ||
| Q1 25 | $-7.7M | $2.3M | ||
| Q4 24 | $8.0M | $8.4M | ||
| Q3 24 | $1.3M | $11.1M | ||
| Q2 24 | $-10.4M | $7.4M | ||
| Q1 24 | $-2.8M | $2.0M |
| Q4 25 | $4.1M | $10.1M | ||
| Q3 25 | $-246.0K | $7.6M | ||
| Q2 25 | $1.2M | $6.0M | ||
| Q1 25 | $-8.0M | $1.5M | ||
| Q4 24 | $7.0M | $7.5M | ||
| Q3 24 | $-1.1M | $10.3M | ||
| Q2 24 | $-10.6M | $6.8M | ||
| Q1 24 | $-4.7M | $1.1M |
| Q4 25 | 8.2% | 29.9% | ||
| Q3 25 | -0.5% | 22.4% | ||
| Q2 25 | 1.9% | 16.8% | ||
| Q1 25 | -19.8% | 4.2% | ||
| Q4 24 | 12.0% | 22.3% | ||
| Q3 24 | -1.8% | 29.4% | ||
| Q2 24 | -22.7% | 20.0% | ||
| Q1 24 | -10.4% | 3.2% |
| Q4 25 | 0.3% | 4.1% | ||
| Q3 25 | 1.0% | 1.6% | ||
| Q2 25 | 0.6% | 2.9% | ||
| Q1 25 | 0.6% | 2.1% | ||
| Q4 24 | 1.7% | 2.5% | ||
| Q3 24 | 4.0% | 2.4% | ||
| Q2 24 | 0.5% | 1.9% | ||
| Q1 24 | 4.3% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
