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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $30.3M, roughly 1.2× SYPRIS SOLUTIONS INC). SmartRent, Inc. runs the higher net margin — -8.9% vs -12.9%, a 4.0% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -9.5%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-1.5M). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% CAGR vs -15.0%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

SMRT vs SYPR — Head-to-Head

Bigger by revenue
SMRT
SMRT
1.2× larger
SMRT
$36.5M
$30.3M
SYPR
Growing faster (revenue YoY)
SMRT
SMRT
+12.6% gap
SMRT
3.1%
-9.5%
SYPR
Higher net margin
SMRT
SMRT
4.0% more per $
SMRT
-8.9%
-12.9%
SYPR
More free cash flow
SMRT
SMRT
$9.2M more FCF
SMRT
$7.7M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
SYPR
SYPR
Annualised
SYPR
-7.7%
-15.0%
SMRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMRT
SMRT
SYPR
SYPR
Revenue
$36.5M
$30.3M
Net Profit
$-3.2M
$-3.9M
Gross Margin
38.6%
4.6%
Operating Margin
-10.9%
-10.9%
Net Margin
-8.9%
-12.9%
Revenue YoY
3.1%
-9.5%
Net Profit YoY
71.6%
-2992.6%
EPS (diluted)
$-0.02
$-0.17

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
SMRT
SMRT
SYPR
SYPR
Q4 25
$36.5M
$30.3M
Q3 25
$36.2M
$28.7M
Q2 25
$38.3M
$31.4M
Q1 25
$41.3M
$29.5M
Q4 24
$35.4M
$33.4M
Q3 24
$40.5M
$35.7M
Q2 24
$48.5M
$35.5M
Q1 24
$50.5M
$35.6M
Net Profit
SMRT
SMRT
SYPR
SYPR
Q4 25
$-3.2M
$-3.9M
Q3 25
$-6.3M
$517.0K
Q2 25
$-10.9M
$-2.1M
Q1 25
$-40.2M
$-899.0K
Q4 24
$-11.4M
$135.0K
Q3 24
$-9.9M
$390.0K
Q2 24
$-4.6M
$16.0K
Q1 24
$-7.7M
$-2.2M
Gross Margin
SMRT
SMRT
SYPR
SYPR
Q4 25
38.6%
4.6%
Q3 25
26.4%
7.2%
Q2 25
33.1%
8.2%
Q1 25
32.8%
11.4%
Q4 24
28.7%
16.1%
Q3 24
33.2%
16.8%
Q2 24
35.7%
15.9%
Q1 24
38.5%
8.1%
Operating Margin
SMRT
SMRT
SYPR
SYPR
Q4 25
-10.9%
-10.9%
Q3 25
-19.4%
-6.1%
Q2 25
-30.5%
-4.6%
Q1 25
-99.9%
-0.4%
Q4 24
-36.6%
3.9%
Q3 24
-29.0%
4.8%
Q2 24
-14.3%
3.6%
Q1 24
-20.1%
-3.9%
Net Margin
SMRT
SMRT
SYPR
SYPR
Q4 25
-8.9%
-12.9%
Q3 25
-17.3%
1.8%
Q2 25
-28.3%
-6.5%
Q1 25
-97.2%
-3.0%
Q4 24
-32.3%
0.4%
Q3 24
-24.5%
1.1%
Q2 24
-9.5%
0.0%
Q1 24
-15.2%
-6.2%
EPS (diluted)
SMRT
SMRT
SYPR
SYPR
Q4 25
$-0.02
$-0.17
Q3 25
$-0.03
$0.02
Q2 25
$-0.06
$-0.09
Q1 25
$-0.21
$-0.04
Q4 24
$-0.06
$0.00
Q3 24
$-0.05
$0.02
Q2 24
$-0.02
$0.00
Q1 24
$-0.04
$-0.10

Balance Sheet & Financial Strength

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

Metric
SMRT
SMRT
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$104.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$232.1M
$17.8M
Total Assets
$320.9M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMRT
SMRT
SYPR
SYPR
Q4 25
$104.5M
Q3 25
$100.0M
Q2 25
$105.0M
Q1 25
$125.6M
Q4 24
$142.5M
Q3 24
$163.4M
Q2 24
$187.4M
Q1 24
$204.7M
Stockholders' Equity
SMRT
SMRT
SYPR
SYPR
Q4 25
$232.1M
$17.8M
Q3 25
$234.4M
$20.0M
Q2 25
$238.8M
$18.7M
Q1 25
$250.7M
$19.0M
Q4 24
$289.4M
$19.6M
Q3 24
$305.1M
$18.2M
Q2 24
$329.4M
$19.0M
Q1 24
$333.1M
$20.8M
Total Assets
SMRT
SMRT
SYPR
SYPR
Q4 25
$320.9M
$107.8M
Q3 25
$335.8M
$112.5M
Q2 25
$354.0M
$105.8M
Q1 25
$366.1M
$110.2M
Q4 24
$420.2M
$119.4M
Q3 24
$448.6M
$121.6M
Q2 24
$475.3M
$124.2M
Q1 24
$485.5M
$129.0M

Cash Flow & Capital Efficiency

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

Metric
SMRT
SMRT
SYPR
SYPR
Operating Cash FlowLast quarter
$7.7M
$-1.1M
Free Cash FlowOCF − Capex
$7.7M
$-1.5M
FCF MarginFCF / Revenue
21.0%
-5.0%
Capex IntensityCapex / Revenue
0.0%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.1M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMRT
SMRT
SYPR
SYPR
Q4 25
$7.7M
$-1.1M
Q3 25
$-2.1M
$-178.0K
Q2 25
$-14.9M
$1.1M
Q1 25
$-12.2M
$-5.5M
Q4 24
$-12.0M
$2.3M
Q3 24
$-3.7M
$-4.8M
Q2 24
$-13.9M
$6.2M
Q1 24
$-3.3M
$-1.7M
Free Cash Flow
SMRT
SMRT
SYPR
SYPR
Q4 25
$7.7M
$-1.5M
Q3 25
$-2.2M
$-390.0K
Q2 25
$-16.2M
$941.0K
Q1 25
$-14.3M
$-5.5M
Q4 24
$-13.3M
$1.9M
Q3 24
$-3.9M
$-4.9M
Q2 24
$-14.1M
$6.0M
Q1 24
$-3.4M
$-2.0M
FCF Margin
SMRT
SMRT
SYPR
SYPR
Q4 25
21.0%
-5.0%
Q3 25
-6.1%
-1.4%
Q2 25
-42.3%
3.0%
Q1 25
-34.7%
-18.8%
Q4 24
-37.5%
5.7%
Q3 24
-9.7%
-13.8%
Q2 24
-29.1%
16.8%
Q1 24
-6.7%
-5.7%
Capex Intensity
SMRT
SMRT
SYPR
SYPR
Q4 25
0.0%
1.3%
Q3 25
0.2%
0.7%
Q2 25
3.3%
0.5%
Q1 25
5.3%
0.0%
Q4 24
3.5%
1.2%
Q3 24
0.6%
0.4%
Q2 24
0.5%
0.5%
Q1 24
0.1%
0.9%
Cash Conversion
SMRT
SMRT
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMRT
SMRT

Hosted Services$18.1M50%
Hardware Service$12.5M34%
Smart Operations Solutions$2.6M7%
Access Control$2.0M5%
Other Smart Communities Solutions$1.3M3%

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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