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Side-by-side financial comparison of Spok Holdings, Inc (SPOK) and TRUSTCO BANK CORP N Y (TRST). Click either name above to swap in a different company.

TRUSTCO BANK CORP N Y is the larger business by last-quarter revenue ($49.5M vs $33.9M, roughly 1.5× Spok Holdings, Inc). TRUSTCO BANK CORP N Y runs the higher net margin — 32.9% vs 8.7%, a 24.2% gap on every dollar of revenue. Over the past eight quarters, TRUSTCO BANK CORP N Y's revenue compounded faster (6.8% CAGR vs -1.5%).

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.

TRUSTCO BANK CORP N Y is a regional U.S. financial holding company that provides a full suite of retail and commercial banking products and services, including personal deposit accounts, mortgage loans, small business financing, and wealth management solutions. It primarily operates across New York, Florida, and several other U.S. states, serving individual consumers and small business client segments.

SPOK vs TRST — Head-to-Head

Bigger by revenue
TRST
TRST
1.5× larger
TRST
$49.5M
$33.9M
SPOK
Higher net margin
TRST
TRST
24.2% more per $
TRST
32.9%
8.7%
SPOK
Faster 2-yr revenue CAGR
TRST
TRST
Annualised
TRST
6.8%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SPOK
SPOK
TRST
TRST
Revenue
$33.9M
$49.5M
Net Profit
$2.9M
$16.3M
Gross Margin
76.7%
Operating Margin
11.6%
Net Margin
8.7%
32.9%
Revenue YoY
-0.1%
Net Profit YoY
-19.6%
14.1%
EPS (diluted)
$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.

Revenue
SPOK
SPOK
TRST
TRST
Q1 26
$49.5M
Q4 25
$33.9M
$48.2M
Q3 25
$33.9M
$47.8M
Q2 25
$35.7M
$46.6M
Q1 25
$36.3M
$45.3M
Q4 24
$33.9M
$43.3M
Q3 24
$34.9M
$43.6M
Q2 24
$34.0M
$43.4M
Net Profit
SPOK
SPOK
TRST
TRST
Q1 26
$16.3M
Q4 25
$2.9M
$15.6M
Q3 25
$3.2M
$16.3M
Q2 25
$4.6M
$15.0M
Q1 25
$5.2M
$14.3M
Q4 24
$3.6M
$11.3M
Q3 24
$3.7M
$12.9M
Q2 24
$3.4M
$12.6M
Gross Margin
SPOK
SPOK
TRST
TRST
Q1 26
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%
Operating Margin
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
11.6%
43.7%
Q3 25
12.9%
44.6%
Q2 25
15.1%
42.3%
Q1 25
16.6%
41.3%
Q4 24
13.7%
34.0%
Q3 24
14.2%
38.8%
Q2 24
13.2%
37.9%
Net Margin
SPOK
SPOK
TRST
TRST
Q1 26
32.9%
Q4 25
8.7%
32.3%
Q3 25
9.5%
34.0%
Q2 25
12.8%
32.3%
Q1 25
14.3%
31.5%
Q4 24
10.8%
26.0%
Q3 24
10.5%
29.5%
Q2 24
10.1%
28.9%
EPS (diluted)
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
$0.13
$0.85
Q3 25
$0.15
$0.86
Q2 25
$0.22
$0.79
Q1 25
$0.25
$0.75
Q4 24
$0.17
$0.59
Q3 24
$0.18
$0.68
Q2 24
$0.17
$0.66

Balance Sheet & Financial Strength

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

Metric
SPOK
SPOK
TRST
TRST
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
$112.9M
Stockholders' EquityBook value
$146.4M
$670.9M
Total Assets
$206.1M
$6.5B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
$25.3M
$730.4M
Q3 25
$21.4M
$695.6M
Q2 25
$20.2M
$713.6M
Q1 25
$19.9M
$756.1M
Q4 24
$29.1M
$641.8M
Q3 24
$27.8M
$523.0M
Q2 24
$23.9M
$536.1M
Total Debt
SPOK
SPOK
TRST
TRST
Q1 26
$112.9M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
SPOK
SPOK
TRST
TRST
Q1 26
$670.9M
Q4 25
$146.4M
$686.6M
Q3 25
$148.7M
$692.0M
Q2 25
$150.9M
$692.8M
Q1 25
$151.7M
$687.8M
Q4 24
$154.7M
$676.3M
Q3 24
$156.3M
$669.0M
Q2 24
$158.2M
$655.2M
Total Assets
SPOK
SPOK
TRST
TRST
Q1 26
$6.5B
Q4 25
$206.1M
$6.4B
Q3 25
$209.7M
$6.3B
Q2 25
$208.7M
$6.3B
Q1 25
$204.5M
$6.3B
Q4 24
$217.1M
$6.2B
Q3 24
$216.8M
$6.1B
Q2 24
$216.4M
$6.1B
Debt / Equity
SPOK
SPOK
TRST
TRST
Q1 26
0.17×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
TRST
TRST
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
$11.5M
$57.6M
Q3 25
$8.1M
$12.8M
Q2 25
$7.0M
$27.1M
Q1 25
$2.3M
$1.3M
Q4 24
$8.4M
$59.4M
Q3 24
$11.1M
$16.5M
Q2 24
$7.4M
$18.7M
Free Cash Flow
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
$10.1M
$45.7M
Q3 25
$7.6M
$10.0M
Q2 25
$6.0M
$24.9M
Q1 25
$1.5M
$-3.3M
Q4 24
$7.5M
$54.6M
Q3 24
$10.3M
$15.6M
Q2 24
$6.8M
$17.6M
FCF Margin
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
29.9%
95.0%
Q3 25
22.4%
20.9%
Q2 25
16.8%
53.5%
Q1 25
4.2%
-7.2%
Q4 24
22.3%
126.0%
Q3 24
29.4%
35.7%
Q2 24
20.0%
40.5%
Capex Intensity
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
4.1%
24.6%
Q3 25
1.6%
5.9%
Q2 25
2.9%
4.5%
Q1 25
2.1%
10.0%
Q4 24
2.5%
11.3%
Q3 24
2.4%
2.1%
Q2 24
1.9%
2.6%
Cash Conversion
SPOK
SPOK
TRST
TRST
Q1 26
Q4 25
3.93×
3.70×
Q3 25
2.54×
0.79×
Q2 25
1.55×
1.80×
Q1 25
0.43×
0.09×
Q4 24
2.31×
5.27×
Q3 24
3.03×
1.28×
Q2 24
2.17×
1.49×

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%

TRST
TRST

Net Interest Income$44.7M90%
Noninterest Income$4.8M10%

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