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Side-by-side financial comparison of Seaport Entertainment Group Inc. (SEG) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $29.5M, roughly 1.2× Seaport Entertainment Group Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -125.0%, a 116.1% gap on every dollar of revenue.
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.
SEG vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.5M | $36.5M |
| Net Profit | $-36.9M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | -120.5% | -10.9% |
| Net Margin | -125.0% | -8.9% |
| Revenue YoY | — | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $-2.90 | $-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 | $29.5M | $36.5M | ||
| Q3 25 | $45.0M | $36.2M | ||
| Q2 25 | $39.8M | $38.3M | ||
| Q1 25 | $16.1M | $41.3M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $39.4M | $40.5M | ||
| Q2 24 | $33.7M | $48.5M | ||
| Q1 24 | — | $50.5M |
| Q4 25 | $-36.9M | $-3.2M | ||
| Q3 25 | $-33.2M | $-6.3M | ||
| Q2 25 | $-14.8M | $-10.9M | ||
| Q1 25 | $-31.9M | $-40.2M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $-32.5M | $-9.9M | ||
| Q2 24 | $-35.0M | $-4.6M | ||
| Q1 24 | — | $-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 | -120.5% | -10.9% | ||
| Q3 25 | -75.2% | -19.4% | ||
| Q2 25 | -40.2% | -30.5% | ||
| Q1 25 | -203.5% | -99.9% | ||
| Q4 24 | — | -36.6% | ||
| Q3 24 | -51.0% | -29.0% | ||
| Q2 24 | -75.3% | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -125.0% | -8.9% | ||
| Q3 25 | -73.7% | -17.3% | ||
| Q2 25 | -37.1% | -28.3% | ||
| Q1 25 | -198.4% | -97.2% | ||
| Q4 24 | — | -32.3% | ||
| Q3 24 | -82.5% | -24.5% | ||
| Q2 24 | -103.9% | -9.5% | ||
| Q1 24 | — | -15.2% |
| Q4 25 | $-2.90 | $-0.02 | ||
| Q3 25 | $-2.61 | $-0.03 | ||
| Q2 25 | $-1.16 | $-0.06 | ||
| Q1 25 | $-2.51 | $-0.21 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $-5.89 | $-0.05 | ||
| Q2 24 | $-6.34 | $-0.02 | ||
| Q1 24 | — | $-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 | $77.8M | $104.5M |
| Total DebtLower is stronger | $38.3M | — |
| Stockholders' EquityBook value | $456.5M | $232.1M |
| Total Assets | $650.1M | $320.9M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $77.8M | $104.5M | ||
| Q3 25 | $106.2M | $100.0M | ||
| Q2 25 | $123.3M | $105.0M | ||
| Q1 25 | $129.9M | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | $23.7M | $163.4M | ||
| Q2 24 | $3.3M | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | $38.3M | — | ||
| Q3 25 | $39.3M | — | ||
| Q2 25 | $100.6M | — | ||
| Q1 25 | $101.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $103.3M | — | ||
| Q2 24 | $157.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $456.5M | $232.1M | ||
| Q3 25 | $485.8M | $234.4M | ||
| Q2 25 | $517.9M | $238.8M | ||
| Q1 25 | $531.2M | $250.7M | ||
| Q4 24 | — | $289.4M | ||
| Q3 24 | $433.8M | $305.1M | ||
| Q2 24 | $380.7M | $329.4M | ||
| Q1 24 | — | $333.1M |
| Q4 25 | $650.1M | $320.9M | ||
| Q3 25 | $699.1M | $335.8M | ||
| Q2 25 | $717.2M | $354.0M | ||
| Q1 25 | $718.4M | $366.1M | ||
| Q4 24 | — | $420.2M | ||
| Q3 24 | $622.8M | $448.6M | ||
| Q2 24 | $610.1M | $475.3M | ||
| Q1 24 | — | $485.5M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.24× | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | — | — |
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 | $-23.1M | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-23.1M | $7.7M | ||
| Q3 25 | $-5.3M | $-2.1M | ||
| Q2 25 | $-754.0K | $-14.9M | ||
| Q1 25 | $-20.5M | $-12.2M | ||
| Q4 24 | — | $-12.0M | ||
| Q3 24 | $-8.8M | $-3.7M | ||
| Q2 24 | — | $-13.9M | ||
| Q1 24 | — | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
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% |
