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Side-by-side financial comparison of SOLENO THERAPEUTICS INC (SLNO) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

SOLENO THERAPEUTICS INC is the larger business by last-quarter revenue ($66.0M vs $40.1M, roughly 1.6× Strawberry Fields REIT, Inc.). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 5.0%, a 34.4% gap on every dollar of revenue.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

SLNO vs STRW — Head-to-Head

Bigger by revenue
SLNO
SLNO
1.6× larger
SLNO
$66.0M
$40.1M
STRW
Higher net margin
SLNO
SLNO
34.4% more per $
SLNO
39.4%
5.0%
STRW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SLNO
SLNO
STRW
STRW
Revenue
$66.0M
$40.1M
Net Profit
$26.0M
$2.0M
Gross Margin
98.3%
Operating Margin
33.5%
52.4%
Net Margin
39.4%
5.0%
Revenue YoY
31.5%
Net Profit YoY
134.0%
37.6%
EPS (diluted)
$0.47
$0.15

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
SLNO
SLNO
STRW
STRW
Q4 25
$40.1M
Q3 25
$66.0M
$39.7M
Q2 25
$32.7M
$37.9M
Q1 25
$37.3M
Q4 24
$30.5M
Q3 24
$29.5M
Q2 24
$29.3M
Q1 24
$27.8M
Net Profit
SLNO
SLNO
STRW
STRW
Q4 25
$2.0M
Q3 25
$26.0M
$2.0M
Q2 25
$-4.7M
$2.0M
Q1 25
$1.6M
Q4 24
$1.5M
Q3 24
$944.0K
Q2 24
$938.0K
Q1 24
$746.0K
Gross Margin
SLNO
SLNO
STRW
STRW
Q4 25
Q3 25
98.3%
Q2 25
97.9%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
SLNO
SLNO
STRW
STRW
Q4 25
52.4%
Q3 25
33.5%
56.6%
Q2 25
-20.0%
54.5%
Q1 25
54.1%
Q4 24
51.5%
Q3 24
54.4%
Q2 24
52.3%
Q1 24
51.3%
Net Margin
SLNO
SLNO
STRW
STRW
Q4 25
5.0%
Q3 25
39.4%
5.1%
Q2 25
-14.4%
5.2%
Q1 25
4.2%
Q4 24
4.8%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
2.7%
EPS (diluted)
SLNO
SLNO
STRW
STRW
Q4 25
$0.15
Q3 25
$0.47
$0.16
Q2 25
$-0.09
$0.16
Q1 25
$0.13
Q4 24
$0.17
Q3 24
$0.14
Q2 24
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
SLNO
SLNO
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$498.9M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$494.8M
$12.1M
Total Assets
$599.9M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNO
SLNO
STRW
STRW
Q4 25
$31.8M
Q3 25
$498.9M
$19.8M
Q2 25
$286.8M
$96.3M
Q1 25
$42.3M
Q4 24
$48.4M
Q3 24
$29.3M
Q2 24
$16.1M
Q1 24
$15.1M
Total Debt
SLNO
SLNO
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
SLNO
SLNO
STRW
STRW
Q4 25
$12.1M
Q3 25
$494.8M
$14.2M
Q2 25
$240.1M
$15.5M
Q1 25
$19.6M
Q4 24
$18.2M
Q3 24
$12.6M
Q2 24
$7.4M
Q1 24
$7.5M
Total Assets
SLNO
SLNO
STRW
STRW
Q4 25
$885.2M
Q3 25
$599.9M
$880.6M
Q2 25
$332.3M
$897.3M
Q1 25
$834.8M
Q4 24
$787.6M
Q3 24
$661.5M
Q2 24
$635.9M
Q1 24
$634.9M
Debt / Equity
SLNO
SLNO
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SLNO
SLNO
STRW
STRW
Operating Cash FlowLast quarter
$43.5M
$90.0M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.67×
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNO
SLNO
STRW
STRW
Q4 25
$90.0M
Q3 25
$43.5M
$20.7M
Q2 25
$-12.6M
$29.8M
Q1 25
$19.0M
Q4 24
$59.3M
Q3 24
$11.8M
Q2 24
$20.6M
Q1 24
$2.1M
Free Cash Flow
SLNO
SLNO
STRW
STRW
Q4 25
Q3 25
$43.5M
Q2 25
$-12.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
SLNO
SLNO
STRW
STRW
Q4 25
Q3 25
65.8%
Q2 25
-38.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
SLNO
SLNO
STRW
STRW
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
SLNO
SLNO
STRW
STRW
Q4 25
44.62×
Q3 25
1.67×
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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