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Side-by-side financial comparison of Spok Holdings, Inc (SPOK) and YORK WATER CO (YORW). Click either name above to swap in a different company.

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $19.4M, roughly 1.7× YORK WATER CO). YORK WATER CO runs the higher net margin — 26.7% vs 8.7%, a 18.0% gap on every dollar of revenue. On growth, YORK WATER CO posted the faster year-over-year revenue change (3.2% vs -0.1%). Over the past eight quarters, YORK WATER CO's revenue compounded faster (5.1% 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.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

SPOK vs YORW — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.7× larger
SPOK
$33.9M
$19.4M
YORW
Growing faster (revenue YoY)
YORW
YORW
+3.3% gap
YORW
3.2%
-0.1%
SPOK
Higher net margin
YORW
YORW
18.0% more per $
YORW
26.7%
8.7%
SPOK
Faster 2-yr revenue CAGR
YORW
YORW
Annualised
YORW
5.1%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPOK
SPOK
YORW
YORW
Revenue
$33.9M
$19.4M
Net Profit
$2.9M
$5.2M
Gross Margin
76.7%
Operating Margin
11.6%
33.2%
Net Margin
8.7%
26.7%
Revenue YoY
-0.1%
3.2%
Net Profit YoY
-19.6%
0.5%
EPS (diluted)
$0.13
$0.36

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
YORW
YORW
Q4 25
$33.9M
$19.4M
Q3 25
$33.9M
$20.2M
Q2 25
$35.7M
$19.1M
Q1 25
$36.3M
$18.3M
Q4 24
$33.9M
$18.8M
Q3 24
$34.9M
$19.6M
Q2 24
$34.0M
$18.6M
Q1 24
$34.9M
$17.5M
Net Profit
SPOK
SPOK
YORW
YORW
Q4 25
$2.9M
$5.2M
Q3 25
$3.2M
$6.2M
Q2 25
$4.6M
$5.1M
Q1 25
$5.2M
$3.6M
Q4 24
$3.6M
$5.1M
Q3 24
$3.7M
$5.9M
Q2 24
$3.4M
$5.0M
Q1 24
$4.2M
$4.3M
Gross Margin
SPOK
SPOK
YORW
YORW
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%
Q1 24
79.5%
Operating Margin
SPOK
SPOK
YORW
YORW
Q4 25
11.6%
33.2%
Q3 25
12.9%
39.1%
Q2 25
15.1%
37.1%
Q1 25
16.6%
34.3%
Q4 24
13.7%
35.8%
Q3 24
14.2%
41.1%
Q2 24
13.2%
37.9%
Q1 24
14.0%
35.5%
Net Margin
SPOK
SPOK
YORW
YORW
Q4 25
8.7%
26.7%
Q3 25
9.5%
30.6%
Q2 25
12.8%
26.5%
Q1 25
14.3%
19.8%
Q4 24
10.8%
27.4%
Q3 24
10.5%
29.9%
Q2 24
10.1%
26.8%
Q1 24
12.1%
24.7%
EPS (diluted)
SPOK
SPOK
YORW
YORW
Q4 25
$0.13
$0.36
Q3 25
$0.15
$0.43
Q2 25
$0.22
$0.35
Q1 25
$0.25
$0.25
Q4 24
$0.17
$0.36
Q3 24
$0.18
$0.41
Q2 24
$0.17
$0.35
Q1 24
$0.21
$0.30

Balance Sheet & Financial Strength

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

Metric
SPOK
SPOK
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$25.3M
$1.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$146.4M
$240.3M
Total Assets
$206.1M
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPOK
SPOK
YORW
YORW
Q4 25
$25.3M
$1.0K
Q3 25
$21.4M
$1.0K
Q2 25
$20.2M
$1.0K
Q1 25
$19.9M
$1.0K
Q4 24
$29.1M
$1.0K
Q3 24
$27.8M
$1.0K
Q2 24
$23.9M
$1.0K
Q1 24
$23.3M
$3.3M
Stockholders' Equity
SPOK
SPOK
YORW
YORW
Q4 25
$146.4M
$240.3M
Q3 25
$148.7M
$238.0M
Q2 25
$150.9M
$234.6M
Q1 25
$151.7M
$232.1M
Q4 24
$154.7M
$231.2M
Q3 24
$156.3M
$228.7M
Q2 24
$158.2M
$225.4M
Q1 24
$160.2M
$222.9M
Total Assets
SPOK
SPOK
YORW
YORW
Q4 25
$206.1M
$680.9M
Q3 25
$209.7M
$667.1M
Q2 25
$208.7M
$653.7M
Q1 25
$204.5M
$641.8M
Q4 24
$217.1M
$633.5M
Q3 24
$216.8M
$621.4M
Q2 24
$216.4M
$610.4M
Q1 24
$215.0M
$602.3M

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
YORW
YORW
Operating Cash FlowLast quarter
$11.5M
$8.4M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
29.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.93×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPOK
SPOK
YORW
YORW
Q4 25
$11.5M
$8.4M
Q3 25
$8.1M
$7.8M
Q2 25
$7.0M
$7.6M
Q1 25
$2.3M
$6.0M
Q4 24
$8.4M
$10.2M
Q3 24
$11.1M
$7.5M
Q2 24
$7.4M
$6.7M
Q1 24
$2.0M
$6.1M
Free Cash Flow
SPOK
SPOK
YORW
YORW
Q4 25
$10.1M
Q3 25
$7.6M
Q2 25
$6.0M
Q1 25
$1.5M
Q4 24
$7.5M
Q3 24
$10.3M
Q2 24
$6.8M
Q1 24
$1.1M
FCF Margin
SPOK
SPOK
YORW
YORW
Q4 25
29.9%
Q3 25
22.4%
Q2 25
16.8%
Q1 25
4.2%
Q4 24
22.3%
Q3 24
29.4%
Q2 24
20.0%
Q1 24
3.2%
Capex Intensity
SPOK
SPOK
YORW
YORW
Q4 25
4.1%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
1.9%
Q1 24
2.5%
Cash Conversion
SPOK
SPOK
YORW
YORW
Q4 25
3.93×
1.63×
Q3 25
2.54×
1.26×
Q2 25
1.55×
1.50×
Q1 25
0.43×
1.65×
Q4 24
2.31×
1.98×
Q3 24
3.03×
1.29×
Q2 24
2.17×
1.34×
Q1 24
0.47×
1.42×

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%

YORW
YORW

Segment breakdown not available.

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