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Side-by-side financial comparison of Spero Therapeutics, Inc. (SPRO) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $12.6M, roughly 1.8× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 23.8%, a 226.8% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 17.9%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 270.5%).

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

SPRO vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
1.8× larger
TECTP
$23.0M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24062.9% gap
SPRO
24080.8%
17.9%
TECTP
Higher net margin
SPRO
SPRO
226.8% more per $
SPRO
250.7%
23.8%
TECTP
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
270.5%
TECTP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SPRO
SPRO
TECTP
TECTP
Revenue
$12.6M
$23.0M
Net Profit
$31.5M
$5.5M
Gross Margin
Operating Margin
30.6%
Net Margin
250.7%
23.8%
Revenue YoY
24080.8%
17.9%
Net Profit YoY
250.9%
15.9%
EPS (diluted)
$0.56
$0.73

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
SPRO
SPRO
TECTP
TECTP
Q4 25
$12.6M
Q3 25
$0
$23.0M
Q2 25
$0
$21.6M
Q1 25
$12.0K
$21.8M
Q4 24
$52.0K
$21.4M
Q3 24
$65.0K
$19.5M
Q2 24
$114.0K
$18.6M
Q1 24
$140.0K
$17.6M
Net Profit
SPRO
SPRO
TECTP
TECTP
Q4 25
$31.5M
Q3 25
$-7.4M
$5.5M
Q2 25
$-1.7M
$4.3M
Q1 25
$-13.9M
$4.5M
Q4 24
$3.0M
Q3 24
$-17.1M
$4.7M
Q2 24
$-17.9M
$3.1M
Q1 24
$-12.7M
$3.1M
Operating Margin
SPRO
SPRO
TECTP
TECTP
Q4 25
Q3 25
30.6%
Q2 25
25.9%
Q1 25
-122758.3%
26.0%
Q4 24
22.1%
Q3 24
-28604.6%
29.1%
Q2 24
-16720.2%
21.5%
Q1 24
-9987.1%
22.2%
Net Margin
SPRO
SPRO
TECTP
TECTP
Q4 25
250.7%
Q3 25
23.8%
Q2 25
19.8%
Q1 25
-115550.0%
20.4%
Q4 24
14.0%
Q3 24
-26380.0%
24.2%
Q2 24
-15668.4%
16.9%
Q1 24
-9049.3%
17.4%
EPS (diluted)
SPRO
SPRO
TECTP
TECTP
Q4 25
$0.56
Q3 25
$-0.13
$0.73
Q2 25
$-0.03
$0.55
Q1 25
$-0.25
$0.57
Q4 24
$0.35
Q3 24
$-0.32
$0.58
Q2 24
$-0.33
$0.38
Q1 24
$-0.24
$0.37

Balance Sheet & Financial Strength

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

Metric
SPRO
SPRO
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
$119.2M
Total Assets
$68.9M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
TECTP
TECTP
Q4 25
$40.3M
Q3 25
$48.6M
Q2 25
$31.2M
Q1 25
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
SPRO
SPRO
TECTP
TECTP
Q4 25
$59.0M
Q3 25
$26.5M
$119.2M
Q2 25
$32.8M
$114.6M
Q1 25
$33.8M
$111.3M
Q4 24
$46.1M
$113.4M
Q3 24
$65.5M
$112.8M
Q2 24
$80.5M
$110.4M
Q1 24
$96.2M
$108.5M
Total Assets
SPRO
SPRO
TECTP
TECTP
Q4 25
$68.9M
Q3 25
$54.2M
$1.1B
Q2 25
$62.1M
$997.0M
Q1 25
$77.7M
$910.5M
Q4 24
$110.5M
$863.4M
Q3 24
$135.2M
$847.5M
Q2 24
$149.9M
$777.1M
Q1 24
$167.7M
$777.6M

Cash Flow & Capital Efficiency

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

Metric
SPRO
SPRO
TECTP
TECTP
Operating Cash FlowLast quarter
$-8.4M
$-17.3M
Free Cash FlowOCF − Capex
$-17.3M
FCF MarginFCF / Revenue
-74.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.26×
-3.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRO
SPRO
TECTP
TECTP
Q4 25
$-8.4M
Q3 25
$17.4M
$-17.3M
Q2 25
$-17.7M
$-32.5M
Q1 25
$-4.0M
$-35.6M
Q4 24
$-23.4M
$-86.6M
Q3 24
$12.8M
$-22.5M
Q2 24
$-18.7M
$-30.7M
Q1 24
$5.9M
$-3.2M
Free Cash Flow
SPRO
SPRO
TECTP
TECTP
Q4 25
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.6M
Q4 24
$-86.8M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.3M
FCF Margin
SPRO
SPRO
TECTP
TECTP
Q4 25
Q3 25
-74.9%
Q2 25
Q1 25
-163.2%
Q4 24
-406.5%
Q3 24
-115.0%
Q2 24
-165.5%
Q1 24
-18.8%
Capex Intensity
SPRO
SPRO
TECTP
TECTP
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.9%
Cash Conversion
SPRO
SPRO
TECTP
TECTP
Q4 25
-0.26×
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×

Financial Flow Comparison

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

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