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Side-by-side financial comparison of R F INDUSTRIES LTD (RFIL) 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 $22.7M, roughly 1.5× R F INDUSTRIES LTD). Spok Holdings, Inc runs the higher net margin — 8.7% vs 0.8%, a 7.9% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $2.0M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs -1.5%).

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

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.

RFIL vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.5× larger
SPOK
$33.9M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+23.0% gap
RFIL
22.9%
-0.1%
SPOK
Higher net margin
SPOK
SPOK
7.9% more per $
SPOK
8.7%
0.8%
RFIL
More free cash flow
SPOK
SPOK
$8.1M more FCF
SPOK
$10.1M
$2.0M
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RFIL
RFIL
SPOK
SPOK
Revenue
$22.7M
$33.9M
Net Profit
$173.0K
$2.9M
Gross Margin
36.8%
76.7%
Operating Margin
4.0%
11.6%
Net Margin
0.8%
8.7%
Revenue YoY
22.9%
-0.1%
Net Profit YoY
172.7%
-19.6%
EPS (diluted)
$0.01
$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.

Revenue
RFIL
RFIL
SPOK
SPOK
Q4 25
$22.7M
$33.9M
Q3 25
$19.8M
$33.9M
Q2 25
$18.9M
$35.7M
Q1 25
$19.2M
$36.3M
Q4 24
$18.5M
$33.9M
Q3 24
$16.8M
$34.9M
Q2 24
$16.1M
$34.0M
Q1 24
$13.5M
$34.9M
Net Profit
RFIL
RFIL
SPOK
SPOK
Q4 25
$173.0K
$2.9M
Q3 25
$392.0K
$3.2M
Q2 25
$-245.0K
$4.6M
Q1 25
$-245.0K
$5.2M
Q4 24
$-238.0K
$3.6M
Q3 24
$-705.0K
$3.7M
Q2 24
$-4.3M
$3.4M
Q1 24
$-1.4M
$4.2M
Gross Margin
RFIL
RFIL
SPOK
SPOK
Q4 25
36.8%
76.7%
Q3 25
34.0%
78.3%
Q2 25
31.5%
79.5%
Q1 25
29.8%
80.1%
Q4 24
31.3%
78.5%
Q3 24
29.5%
79.5%
Q2 24
29.9%
78.9%
Q1 24
24.5%
79.5%
Operating Margin
RFIL
RFIL
SPOK
SPOK
Q4 25
4.0%
11.6%
Q3 25
3.6%
12.9%
Q2 25
0.6%
15.1%
Q1 25
0.3%
16.6%
Q4 24
0.5%
13.7%
Q3 24
-2.5%
14.2%
Q2 24
-2.6%
13.2%
Q1 24
-15.5%
14.0%
Net Margin
RFIL
RFIL
SPOK
SPOK
Q4 25
0.8%
8.7%
Q3 25
2.0%
9.5%
Q2 25
-1.3%
12.8%
Q1 25
-1.3%
14.3%
Q4 24
-1.3%
10.8%
Q3 24
-4.2%
10.5%
Q2 24
-26.7%
10.1%
Q1 24
-10.1%
12.1%
EPS (diluted)
RFIL
RFIL
SPOK
SPOK
Q4 25
$0.01
$0.13
Q3 25
$0.04
$0.15
Q2 25
$-0.02
$0.22
Q1 25
$-0.02
$0.25
Q4 24
$-0.02
$0.17
Q3 24
$-0.07
$0.18
Q2 24
$-0.41
$0.17
Q1 24
$-0.13
$0.21

Balance Sheet & Financial Strength

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

Metric
RFIL
RFIL
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$5.1M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.2M
$146.4M
Total Assets
$73.0M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RFIL
RFIL
SPOK
SPOK
Q4 25
$5.1M
$25.3M
Q3 25
$3.0M
$21.4M
Q2 25
$3.6M
$20.2M
Q1 25
$1.3M
$19.9M
Q4 24
$839.0K
$29.1M
Q3 24
$1.8M
$27.8M
Q2 24
$1.4M
$23.9M
Q1 24
$4.5M
$23.3M
Stockholders' Equity
RFIL
RFIL
SPOK
SPOK
Q4 25
$35.2M
$146.4M
Q3 25
$34.8M
$148.7M
Q2 25
$34.2M
$150.9M
Q1 25
$34.2M
$151.7M
Q4 24
$34.1M
$154.7M
Q3 24
$34.1M
$156.3M
Q2 24
$34.6M
$158.2M
Q1 24
$38.7M
$160.2M
Total Assets
RFIL
RFIL
SPOK
SPOK
Q4 25
$73.0M
$206.1M
Q3 25
$73.2M
$209.7M
Q2 25
$72.7M
$208.7M
Q1 25
$70.4M
$204.5M
Q4 24
$71.0M
$217.1M
Q3 24
$71.9M
$216.8M
Q2 24
$72.8M
$216.4M
Q1 24
$79.1M
$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
RFIL
RFIL
SPOK
SPOK
Operating Cash FlowLast quarter
$2.1M
$11.5M
Free Cash FlowOCF − Capex
$2.0M
$10.1M
FCF MarginFCF / Revenue
9.0%
29.9%
Capex IntensityCapex / Revenue
0.3%
4.1%
Cash ConversionOCF / Net Profit
12.13×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$4.3M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RFIL
RFIL
SPOK
SPOK
Q4 25
$2.1M
$11.5M
Q3 25
$-311.0K
$8.1M
Q2 25
$2.2M
$7.0M
Q1 25
$601.0K
$2.3M
Q4 24
$-244.0K
$8.4M
Q3 24
$2.4M
$11.1M
Q2 24
$197.0K
$7.4M
Q1 24
$840.0K
$2.0M
Free Cash Flow
RFIL
RFIL
SPOK
SPOK
Q4 25
$2.0M
$10.1M
Q3 25
$-419.0K
$7.6M
Q2 25
$2.2M
$6.0M
Q1 25
$574.0K
$1.5M
Q4 24
$-418.0K
$7.5M
Q3 24
$2.1M
$10.3M
Q2 24
$28.0K
$6.8M
Q1 24
$697.0K
$1.1M
FCF Margin
RFIL
RFIL
SPOK
SPOK
Q4 25
9.0%
29.9%
Q3 25
-2.1%
22.4%
Q2 25
11.4%
16.8%
Q1 25
3.0%
4.2%
Q4 24
-2.3%
22.3%
Q3 24
12.6%
29.4%
Q2 24
0.2%
20.0%
Q1 24
5.2%
3.2%
Capex Intensity
RFIL
RFIL
SPOK
SPOK
Q4 25
0.3%
4.1%
Q3 25
0.5%
1.6%
Q2 25
0.2%
2.9%
Q1 25
0.1%
2.1%
Q4 24
0.9%
2.5%
Q3 24
1.5%
2.4%
Q2 24
1.0%
1.9%
Q1 24
1.1%
2.5%
Cash Conversion
RFIL
RFIL
SPOK
SPOK
Q4 25
12.13×
3.93×
Q3 25
-0.79×
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

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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