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Side-by-side financial comparison of Seaport Entertainment Group Inc. (SEG) 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 $29.5M, roughly 1.1× Seaport Entertainment Group Inc.). Spok Holdings, Inc runs the higher net margin — 8.7% vs -125.0%, a 133.7% gap on every dollar of revenue.
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.
SEG vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.5M | $33.9M |
| Net Profit | $-36.9M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | -120.5% | 11.6% |
| Net Margin | -125.0% | 8.7% |
| Revenue YoY | — | -0.1% |
| Net Profit YoY | — | -19.6% |
| EPS (diluted) | $-2.90 | $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 | $29.5M | $33.9M | ||
| Q3 25 | $45.0M | $33.9M | ||
| Q2 25 | $39.8M | $35.7M | ||
| Q1 25 | $16.1M | $36.3M | ||
| Q4 24 | — | $33.9M | ||
| Q3 24 | $39.4M | $34.9M | ||
| Q2 24 | $33.7M | $34.0M | ||
| Q1 24 | — | $34.9M |
| Q4 25 | $-36.9M | $2.9M | ||
| Q3 25 | $-33.2M | $3.2M | ||
| Q2 25 | $-14.8M | $4.6M | ||
| Q1 25 | $-31.9M | $5.2M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $-32.5M | $3.7M | ||
| Q2 24 | $-35.0M | $3.4M | ||
| Q1 24 | — | $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 | -120.5% | 11.6% | ||
| Q3 25 | -75.2% | 12.9% | ||
| Q2 25 | -40.2% | 15.1% | ||
| Q1 25 | -203.5% | 16.6% | ||
| Q4 24 | — | 13.7% | ||
| Q3 24 | -51.0% | 14.2% | ||
| Q2 24 | -75.3% | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | -125.0% | 8.7% | ||
| Q3 25 | -73.7% | 9.5% | ||
| Q2 25 | -37.1% | 12.8% | ||
| Q1 25 | -198.4% | 14.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | -82.5% | 10.5% | ||
| Q2 24 | -103.9% | 10.1% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | $-2.90 | $0.13 | ||
| Q3 25 | $-2.61 | $0.15 | ||
| Q2 25 | $-1.16 | $0.22 | ||
| Q1 25 | $-2.51 | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $-5.89 | $0.18 | ||
| Q2 24 | $-6.34 | $0.17 | ||
| Q1 24 | — | $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 | $77.8M | $25.3M |
| Total DebtLower is stronger | $38.3M | — |
| Stockholders' EquityBook value | $456.5M | $146.4M |
| Total Assets | $650.1M | $206.1M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $77.8M | $25.3M | ||
| Q3 25 | $106.2M | $21.4M | ||
| Q2 25 | $123.3M | $20.2M | ||
| Q1 25 | $129.9M | $19.9M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | $23.7M | $27.8M | ||
| Q2 24 | $3.3M | $23.9M | ||
| Q1 24 | — | $23.3M |
| 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 | $146.4M | ||
| Q3 25 | $485.8M | $148.7M | ||
| Q2 25 | $517.9M | $150.9M | ||
| Q1 25 | $531.2M | $151.7M | ||
| Q4 24 | — | $154.7M | ||
| Q3 24 | $433.8M | $156.3M | ||
| Q2 24 | $380.7M | $158.2M | ||
| Q1 24 | — | $160.2M |
| Q4 25 | $650.1M | $206.1M | ||
| Q3 25 | $699.1M | $209.7M | ||
| Q2 25 | $717.2M | $208.7M | ||
| Q1 25 | $718.4M | $204.5M | ||
| Q4 24 | — | $217.1M | ||
| Q3 24 | $622.8M | $216.8M | ||
| Q2 24 | $610.1M | $216.4M | ||
| Q1 24 | — | $215.0M |
| 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 | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-23.1M | $11.5M | ||
| Q3 25 | $-5.3M | $8.1M | ||
| Q2 25 | $-754.0K | $7.0M | ||
| Q1 25 | $-20.5M | $2.3M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | $-8.8M | $11.1M | ||
| Q2 24 | — | $7.4M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 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
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
