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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $36.5M, roughly 1.7× SmartRent, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs -8.9%, a 28.9% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs 3.1%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $7.7M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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.
SMRT vs TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $36.5M | $60.9M |
| Net Profit | $-3.2M | $12.2M |
| Gross Margin | 38.6% | 17.6% |
| Operating Margin | -10.9% | 1.5% |
| Net Margin | -8.9% | 20.0% |
| Revenue YoY | 3.1% | 21.8% |
| Net Profit YoY | 71.6% | 535.7% |
| EPS (diluted) | $-0.02 | $0.44 |
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 | $36.5M | $60.9M | ||
| Q3 25 | $36.2M | $41.9M | ||
| Q2 25 | $38.3M | $44.0M | ||
| Q1 25 | $41.3M | $99.0M | ||
| Q4 24 | $35.4M | $50.0M | ||
| Q3 24 | $40.5M | $70.1M | ||
| Q2 24 | $48.5M | $12.2M | ||
| Q1 24 | $50.5M | $15.9M |
| Q4 25 | $-3.2M | $12.2M | ||
| Q3 25 | $-6.3M | $-1.5M | ||
| Q2 25 | $-10.9M | $1.5M | ||
| Q1 25 | $-40.2M | $3.0M | ||
| Q4 24 | $-11.4M | $1.9M | ||
| Q3 24 | $-9.9M | $2.6M | ||
| Q2 24 | $-4.6M | $1.4M | ||
| Q1 24 | $-7.7M | $15.0K |
| Q4 25 | 38.6% | 17.6% | ||
| Q3 25 | 26.4% | 11.1% | ||
| Q2 25 | 33.1% | 17.8% | ||
| Q1 25 | 32.8% | 9.3% | ||
| Q4 24 | 28.7% | 14.4% | ||
| Q3 24 | 33.2% | 11.3% | ||
| Q2 24 | 35.7% | 37.3% | ||
| Q1 24 | 38.5% | 17.1% |
| Q4 25 | -10.9% | 1.5% | ||
| Q3 25 | -19.4% | -2.2% | ||
| Q2 25 | -30.5% | 5.1% | ||
| Q1 25 | -99.9% | 4.2% | ||
| Q4 24 | -36.6% | 0.0% | ||
| Q3 24 | -29.0% | 5.4% | ||
| Q2 24 | -14.3% | 14.0% | ||
| Q1 24 | -20.1% | 1.6% |
| Q4 25 | -8.9% | 20.0% | ||
| Q3 25 | -17.3% | -3.6% | ||
| Q2 25 | -28.3% | 3.4% | ||
| Q1 25 | -97.2% | 3.0% | ||
| Q4 24 | -32.3% | 3.8% | ||
| Q3 24 | -24.5% | 3.8% | ||
| Q2 24 | -9.5% | 11.5% | ||
| Q1 24 | -15.2% | 0.1% |
| Q4 25 | $-0.02 | $0.44 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $-0.06 | $0.06 | ||
| Q1 25 | $-0.21 | $0.12 | ||
| Q4 24 | $-0.06 | $0.08 | ||
| Q3 24 | $-0.05 | $0.10 | ||
| Q2 24 | $-0.02 | $0.06 | ||
| Q1 24 | $-0.04 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $104.5M | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $232.1M | $76.6M |
| Total Assets | $320.9M | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.5M | $85.5M | ||
| Q3 25 | $100.0M | $70.7M | ||
| Q2 25 | $105.0M | — | ||
| Q1 25 | $125.6M | — | ||
| Q4 24 | $142.5M | $23.2M | ||
| Q3 24 | $163.4M | $46.4M | ||
| Q2 24 | $187.4M | $8.3M | ||
| Q1 24 | $204.7M | $14.4M |
| Q4 25 | $232.1M | $76.6M | ||
| Q3 25 | $234.4M | $63.4M | ||
| Q2 25 | $238.8M | $9.5M | ||
| Q1 25 | $250.7M | $9.4M | ||
| Q4 24 | $289.4M | $7.1M | ||
| Q3 24 | $305.1M | $7.7M | ||
| Q2 24 | $329.4M | $5.2M | ||
| Q1 24 | $333.1M | $3.7M |
| Q4 25 | $320.9M | $184.9M | ||
| Q3 25 | $335.8M | $165.4M | ||
| Q2 25 | $354.0M | $139.5M | ||
| Q1 25 | $366.1M | $113.5M | ||
| Q4 24 | $420.2M | $96.6M | ||
| Q3 24 | $448.6M | $67.3M | ||
| Q2 24 | $475.3M | $28.9M | ||
| Q1 24 | $485.5M | $26.8M |
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 | $7.7M | $16.3M |
| Free Cash FlowOCF − Capex | $7.7M | $15.8M |
| FCF MarginFCF / Revenue | 21.0% | 25.9% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-25.1M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.7M | $16.3M | ||
| Q3 25 | $-2.1M | $-18.4M | ||
| Q2 25 | $-14.9M | $16.3M | ||
| Q1 25 | $-12.2M | $20.6M | ||
| Q4 24 | $-12.0M | $-21.6M | ||
| Q3 24 | $-3.7M | $38.6M | ||
| Q2 24 | $-13.9M | $-4.3M | ||
| Q1 24 | $-3.3M | $2.6M |
| Q4 25 | $7.7M | $15.8M | ||
| Q3 25 | $-2.2M | $-24.9M | ||
| Q2 25 | $-16.2M | $5.4M | ||
| Q1 25 | $-14.3M | $5.8M | ||
| Q4 24 | $-13.3M | $-28.4M | ||
| Q3 24 | $-3.9M | $38.6M | ||
| Q2 24 | $-14.1M | $-6.0M | ||
| Q1 24 | $-3.4M | $2.6M |
| Q4 25 | 21.0% | 25.9% | ||
| Q3 25 | -6.1% | -59.3% | ||
| Q2 25 | -42.3% | 12.3% | ||
| Q1 25 | -34.7% | 5.8% | ||
| Q4 24 | -37.5% | -56.7% | ||
| Q3 24 | -9.7% | 55.1% | ||
| Q2 24 | -29.1% | -49.4% | ||
| Q1 24 | -6.7% | 16.4% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.2% | 15.3% | ||
| Q2 25 | 3.3% | 24.8% | ||
| Q1 25 | 5.3% | 15.0% | ||
| Q4 24 | 3.5% | 13.4% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.5% | 13.8% | ||
| Q1 24 | 0.1% | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
