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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $37.2M, roughly 1.4× Waterstone Financial, Inc.). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs -14.2%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $4.1M). Over the past eight quarters, Waterstone Financial, Inc.'s revenue compounded faster (7.1% CAGR vs 5.6%).
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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
RDI vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $37.2M |
| Net Profit | $-2.6M | — |
| Gross Margin | — | — |
| Operating Margin | -1.9% | 27.0% |
| Net Margin | -5.1% | — |
| Revenue YoY | -14.2% | 16.7% |
| Net Profit YoY | -14.5% | — |
| EPS (diluted) | $-0.11 | $0.43 |
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 | $37.2M | ||
| Q3 25 | $52.2M | $37.0M | ||
| Q2 25 | $60.4M | $38.0M | ||
| Q1 25 | $40.2M | $29.7M | ||
| Q4 24 | $58.6M | $31.8M | ||
| Q3 24 | $60.1M | $34.1M | ||
| Q2 24 | $46.8M | $37.2M | ||
| Q1 24 | $45.1M | $32.4M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-4.2M | $7.9M | ||
| Q2 25 | $-2.7M | $7.7M | ||
| Q1 25 | $-4.8M | $3.0M | ||
| Q4 24 | $-2.2M | — | ||
| Q3 24 | $-7.0M | $4.7M | ||
| Q2 24 | $-12.8M | $5.7M | ||
| Q1 24 | $-13.2M | $3.0M |
| Q4 25 | -1.9% | 27.0% | ||
| Q3 25 | -0.6% | 26.6% | ||
| Q2 25 | 4.8% | 25.4% | ||
| Q1 25 | -17.2% | 13.1% | ||
| Q4 24 | 2.6% | 19.5% | ||
| Q3 24 | -0.6% | 17.3% | ||
| Q2 24 | -16.4% | 19.2% | ||
| Q1 24 | -16.7% | 14.7% |
| Q4 25 | -5.1% | — | ||
| Q3 25 | -8.0% | 21.4% | ||
| Q2 25 | -4.4% | 20.3% | ||
| Q1 25 | -11.8% | 10.2% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | -11.7% | 13.9% | ||
| Q2 24 | -27.4% | 15.4% | ||
| Q1 24 | -29.4% | 9.4% |
| Q4 25 | $-0.11 | $0.43 | ||
| Q3 25 | $-0.18 | $0.45 | ||
| Q2 25 | $-0.12 | $0.43 | ||
| Q1 25 | $-0.21 | $0.17 | ||
| Q4 24 | $-0.11 | $0.28 | ||
| Q3 24 | $-0.31 | $0.26 | ||
| Q2 24 | $-0.57 | $0.31 | ||
| Q1 24 | $-0.59 | $0.16 |
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 | — |
| Total DebtLower is stronger | $185.1M | $412.3M |
| Stockholders' EquityBook value | $-18.2M | $349.4M |
| Total Assets | $434.9M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | — | ||
| Q3 25 | $8.1M | — | ||
| Q2 25 | $9.1M | — | ||
| Q1 25 | $5.9M | — | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $10.1M | — | ||
| Q2 24 | $9.3M | — | ||
| Q1 24 | $7.5M | — |
| Q4 25 | $185.1M | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | $202.7M | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $-18.2M | $349.4M | ||
| Q3 25 | $-12.1M | $345.5M | ||
| Q2 25 | $-7.7M | $341.5M | ||
| Q1 25 | $-8.1M | $341.4M | ||
| Q4 24 | $-4.4M | $339.1M | ||
| Q3 24 | $1.6M | $342.0M | ||
| Q2 24 | $6.5M | $334.9M | ||
| Q1 24 | $18.0M | $338.0M |
| Q4 25 | $434.9M | $2.3B | ||
| Q3 25 | $435.2M | $2.3B | ||
| Q2 25 | $438.1M | $2.3B | ||
| Q1 25 | $441.0M | $2.2B | ||
| Q4 24 | $471.0M | $2.2B | ||
| Q3 24 | $495.7M | $2.2B | ||
| Q2 24 | $494.9M | $2.3B | ||
| Q1 24 | $494.9M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
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 | $24.2M |
| Free Cash FlowOCF − Capex | $4.1M | $23.0M |
| FCF MarginFCF / Revenue | 8.2% | 61.9% |
| Capex IntensityCapex / Revenue | 0.3% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $24.2M | ||
| Q3 25 | $295.0K | $32.7M | ||
| Q2 25 | $1.6M | $-38.4M | ||
| Q1 25 | $-7.7M | $26.7M | ||
| Q4 24 | $8.0M | $48.1M | ||
| Q3 24 | $1.3M | $74.1M | ||
| Q2 24 | $-10.4M | $-39.5M | ||
| Q1 24 | $-2.8M | $-9.9M |
| Q4 25 | $4.1M | $23.0M | ||
| Q3 25 | $-246.0K | $32.4M | ||
| Q2 25 | $1.2M | $-38.5M | ||
| Q1 25 | $-8.0M | $26.5M | ||
| Q4 24 | $7.0M | $47.0M | ||
| Q3 24 | $-1.1M | $73.9M | ||
| Q2 24 | $-10.6M | $-39.7M | ||
| Q1 24 | $-4.7M | $-10.3M |
| Q4 25 | 8.2% | 61.9% | ||
| Q3 25 | -0.5% | 87.5% | ||
| Q2 25 | 1.9% | -101.2% | ||
| Q1 25 | -19.8% | 89.2% | ||
| Q4 24 | 12.0% | 147.5% | ||
| Q3 24 | -1.8% | 216.9% | ||
| Q2 24 | -22.7% | -106.7% | ||
| Q1 24 | -10.4% | -31.9% |
| Q4 25 | 0.3% | 3.1% | ||
| Q3 25 | 1.0% | 0.8% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 1.7% | 3.5% | ||
| Q3 24 | 4.0% | 0.6% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 4.3% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
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% |
WSBF
Segment breakdown not available.
