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

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $30.3M, roughly 1.1× SYPRIS SOLUTIONS INC). Spok Holdings, Inc runs the higher net margin — 8.7% vs -12.9%, a 21.5% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -9.5%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-1.5M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -7.7%).

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.

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.

SPOK vs SYPR — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.1× larger
SPOK
$33.9M
$30.3M
SYPR
Growing faster (revenue YoY)
SPOK
SPOK
+9.4% gap
SPOK
-0.1%
-9.5%
SYPR
Higher net margin
SPOK
SPOK
21.5% more per $
SPOK
8.7%
-12.9%
SYPR
More free cash flow
SPOK
SPOK
$11.6M more FCF
SPOK
$10.1M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
SPOK
SPOK
Annualised
SPOK
-1.5%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPOK
SPOK
SYPR
SYPR
Revenue
$33.9M
$30.3M
Net Profit
$2.9M
$-3.9M
Gross Margin
76.7%
4.6%
Operating Margin
11.6%
-10.9%
Net Margin
8.7%
-12.9%
Revenue YoY
-0.1%
-9.5%
Net Profit YoY
-19.6%
-2992.6%
EPS (diluted)
$0.13
$-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
SPOK
SPOK
SYPR
SYPR
Q4 25
$33.9M
$30.3M
Q3 25
$33.9M
$28.7M
Q2 25
$35.7M
$31.4M
Q1 25
$36.3M
$29.5M
Q4 24
$33.9M
$33.4M
Q3 24
$34.9M
$35.7M
Q2 24
$34.0M
$35.5M
Q1 24
$34.9M
$35.6M
Net Profit
SPOK
SPOK
SYPR
SYPR
Q4 25
$2.9M
$-3.9M
Q3 25
$3.2M
$517.0K
Q2 25
$4.6M
$-2.1M
Q1 25
$5.2M
$-899.0K
Q4 24
$3.6M
$135.0K
Q3 24
$3.7M
$390.0K
Q2 24
$3.4M
$16.0K
Q1 24
$4.2M
$-2.2M
Gross Margin
SPOK
SPOK
SYPR
SYPR
Q4 25
76.7%
4.6%
Q3 25
78.3%
7.2%
Q2 25
79.5%
8.2%
Q1 25
80.1%
11.4%
Q4 24
78.5%
16.1%
Q3 24
79.5%
16.8%
Q2 24
78.9%
15.9%
Q1 24
79.5%
8.1%
Operating Margin
SPOK
SPOK
SYPR
SYPR
Q4 25
11.6%
-10.9%
Q3 25
12.9%
-6.1%
Q2 25
15.1%
-4.6%
Q1 25
16.6%
-0.4%
Q4 24
13.7%
3.9%
Q3 24
14.2%
4.8%
Q2 24
13.2%
3.6%
Q1 24
14.0%
-3.9%
Net Margin
SPOK
SPOK
SYPR
SYPR
Q4 25
8.7%
-12.9%
Q3 25
9.5%
1.8%
Q2 25
12.8%
-6.5%
Q1 25
14.3%
-3.0%
Q4 24
10.8%
0.4%
Q3 24
10.5%
1.1%
Q2 24
10.1%
0.0%
Q1 24
12.1%
-6.2%
EPS (diluted)
SPOK
SPOK
SYPR
SYPR
Q4 25
$0.13
$-0.17
Q3 25
$0.15
$0.02
Q2 25
$0.22
$-0.09
Q1 25
$0.25
$-0.04
Q4 24
$0.17
$0.00
Q3 24
$0.18
$0.02
Q2 24
$0.17
$0.00
Q1 24
$0.21
$-0.10

Balance Sheet & Financial Strength

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

Metric
SPOK
SPOK
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$146.4M
$17.8M
Total Assets
$206.1M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPOK
SPOK
SYPR
SYPR
Q4 25
$25.3M
Q3 25
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$27.8M
Q2 24
$23.9M
Q1 24
$23.3M
Stockholders' Equity
SPOK
SPOK
SYPR
SYPR
Q4 25
$146.4M
$17.8M
Q3 25
$148.7M
$20.0M
Q2 25
$150.9M
$18.7M
Q1 25
$151.7M
$19.0M
Q4 24
$154.7M
$19.6M
Q3 24
$156.3M
$18.2M
Q2 24
$158.2M
$19.0M
Q1 24
$160.2M
$20.8M
Total Assets
SPOK
SPOK
SYPR
SYPR
Q4 25
$206.1M
$107.8M
Q3 25
$209.7M
$112.5M
Q2 25
$208.7M
$105.8M
Q1 25
$204.5M
$110.2M
Q4 24
$217.1M
$119.4M
Q3 24
$216.8M
$121.6M
Q2 24
$216.4M
$124.2M
Q1 24
$215.0M
$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
SPOK
SPOK
SYPR
SYPR
Operating Cash FlowLast quarter
$11.5M
$-1.1M
Free Cash FlowOCF − Capex
$10.1M
$-1.5M
FCF MarginFCF / Revenue
29.9%
-5.0%
Capex IntensityCapex / Revenue
4.1%
1.3%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$25.2M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPOK
SPOK
SYPR
SYPR
Q4 25
$11.5M
$-1.1M
Q3 25
$8.1M
$-178.0K
Q2 25
$7.0M
$1.1M
Q1 25
$2.3M
$-5.5M
Q4 24
$8.4M
$2.3M
Q3 24
$11.1M
$-4.8M
Q2 24
$7.4M
$6.2M
Q1 24
$2.0M
$-1.7M
Free Cash Flow
SPOK
SPOK
SYPR
SYPR
Q4 25
$10.1M
$-1.5M
Q3 25
$7.6M
$-390.0K
Q2 25
$6.0M
$941.0K
Q1 25
$1.5M
$-5.5M
Q4 24
$7.5M
$1.9M
Q3 24
$10.3M
$-4.9M
Q2 24
$6.8M
$6.0M
Q1 24
$1.1M
$-2.0M
FCF Margin
SPOK
SPOK
SYPR
SYPR
Q4 25
29.9%
-5.0%
Q3 25
22.4%
-1.4%
Q2 25
16.8%
3.0%
Q1 25
4.2%
-18.8%
Q4 24
22.3%
5.7%
Q3 24
29.4%
-13.8%
Q2 24
20.0%
16.8%
Q1 24
3.2%
-5.7%
Capex Intensity
SPOK
SPOK
SYPR
SYPR
Q4 25
4.1%
1.3%
Q3 25
1.6%
0.7%
Q2 25
2.9%
0.5%
Q1 25
2.1%
0.0%
Q4 24
2.5%
1.2%
Q3 24
2.4%
0.4%
Q2 24
1.9%
0.5%
Q1 24
2.5%
0.9%
Cash Conversion
SPOK
SPOK
SYPR
SYPR
Q4 25
3.93×
Q3 25
2.54×
-0.34×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
2.31×
17.13×
Q3 24
3.03×
-12.21×
Q2 24
2.17×
385.25×
Q1 24
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

SYPR
SYPR

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

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