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Side-by-side financial comparison of Star Equity Holdings, Inc. (STRR) and Xponential Fitness, Inc. (XPOF). Click either name above to swap in a different company.

Xponential Fitness, Inc. is the larger business by last-quarter revenue ($83.0M vs $56.8M, roughly 1.5× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -39.6%, a 36.6% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -0.3%). Xponential Fitness, Inc. produced more free cash flow last quarter ($10.2M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 2.0%).

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

Xponential Fitness is one of the largest global franchisor of fitness boutiques. Its franchises operate in 49 U.S. states and 31 countries with more than 3,000 studios open. The company is headquartered in Irvine, California.

STRR vs XPOF — Head-to-Head

Bigger by revenue
XPOF
XPOF
1.5× larger
XPOF
$83.0M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+69.3% gap
STRR
69.0%
-0.3%
XPOF
Higher net margin
STRR
STRR
36.6% more per $
STRR
-3.0%
-39.6%
XPOF
More free cash flow
XPOF
XPOF
$19.1M more FCF
XPOF
$10.2M
$-9.0M
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
2.0%
XPOF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRR
STRR
XPOF
XPOF
Revenue
$56.8M
$83.0M
Net Profit
$-1.7M
$-32.9M
Gross Margin
Operating Margin
-0.2%
-9.9%
Net Margin
-3.0%
-39.6%
Revenue YoY
69.0%
-0.3%
Net Profit YoY
-192.1%
24.4%
EPS (diluted)
$-0.49
$-1.18

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
STRR
STRR
XPOF
XPOF
Q4 25
$56.8M
$83.0M
Q3 25
$48.0M
$78.8M
Q2 25
$35.5M
$76.2M
Q1 25
$31.9M
$76.9M
Q4 24
$33.6M
$83.2M
Q3 24
$36.9M
$80.5M
Q2 24
$35.7M
$76.9M
Q1 24
$33.9M
$79.7M
Net Profit
STRR
STRR
XPOF
XPOF
Q4 25
$-1.7M
$-32.9M
Q3 25
$-1.8M
$-4.9M
Q2 25
$-688.0K
$969.0K
Q1 25
$-1.8M
$-1.9M
Q4 24
$-585.0K
$-43.5M
Q3 24
$-846.0K
$-12.1M
Q2 24
$-441.0K
$-9.6M
Q1 24
$-2.9M
$-2.5M
Gross Margin
STRR
STRR
XPOF
XPOF
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
STRR
STRR
XPOF
XPOF
Q4 25
-0.2%
-9.9%
Q3 25
-3.4%
4.5%
Q2 25
-0.6%
19.5%
Q1 25
-5.4%
12.6%
Q4 24
-0.4%
-62.4%
Q3 24
-1.2%
-8.2%
Q2 24
-0.5%
-4.0%
Q1 24
-9.0%
10.0%
Net Margin
STRR
STRR
XPOF
XPOF
Q4 25
-3.0%
-39.6%
Q3 25
-3.7%
-6.2%
Q2 25
-1.9%
1.3%
Q1 25
-5.5%
-2.5%
Q4 24
-1.7%
-52.3%
Q3 24
-2.3%
-15.1%
Q2 24
-1.2%
-12.4%
Q1 24
-8.6%
-3.1%
EPS (diluted)
STRR
STRR
XPOF
XPOF
Q4 25
$-0.49
$-1.18
Q3 25
$-0.54
$-0.18
Q2 25
$-0.23
$-0.01
Q1 25
$-0.59
$-0.10
Q4 24
$-0.21
$-1.39
Q3 24
$-0.28
$-0.29
Q2 24
$-0.15
$-0.30
Q1 24
$-0.95
$-0.29

Balance Sheet & Financial Strength

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

Metric
STRR
STRR
XPOF
XPOF
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$525.0M
Stockholders' EquityBook value
$65.7M
$-269.1M
Total Assets
$113.2M
$345.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRR
STRR
XPOF
XPOF
Q4 25
$10.3M
Q3 25
$15.4M
Q2 25
$16.8M
Q1 25
$16.6M
Q4 24
$17.0M
Q3 24
$15.8M
Q2 24
$14.7M
Q1 24
$20.4M
Total Debt
STRR
STRR
XPOF
XPOF
Q4 25
$525.0M
Q3 25
$6.5M
$376.4M
Q2 25
$377.8M
Q1 25
$379.1M
Q4 24
$0
$352.4M
Q3 24
$353.8M
Q2 24
$330.1M
Q1 24
$331.4M
Stockholders' Equity
STRR
STRR
XPOF
XPOF
Q4 25
$65.7M
$-269.1M
Q3 25
$67.8M
$-230.4M
Q2 25
$40.1M
$-225.0M
Q1 25
$39.5M
$-225.2M
Q4 24
$40.4M
$-216.6M
Q3 24
$42.9M
$-155.7M
Q2 24
$42.6M
$-151.9M
Q1 24
$44.3M
$-144.4M
Total Assets
STRR
STRR
XPOF
XPOF
Q4 25
$113.2M
$345.6M
Q3 25
$117.1M
$355.3M
Q2 25
$55.6M
$399.8M
Q1 25
$53.2M
$412.4M
Q4 24
$52.6M
$403.4M
Q3 24
$52.6M
$472.2M
Q2 24
$52.6M
$475.2M
Q1 24
$52.6M
$508.4M
Debt / Equity
STRR
STRR
XPOF
XPOF
Q4 25
Q3 25
0.10×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
STRR
STRR
XPOF
XPOF
Operating Cash FlowLast quarter
$-7.3M
$10.7M
Free Cash FlowOCF − Capex
$-9.0M
$10.2M
FCF MarginFCF / Revenue
-15.8%
12.3%
Capex IntensityCapex / Revenue
3.0%
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRR
STRR
XPOF
XPOF
Q4 25
$-7.3M
$10.7M
Q3 25
$-2.7M
$9.3M
Q2 25
$139.0K
$2.5M
Q1 25
$-802.0K
$5.8M
Q4 24
$-2.8M
$776.0K
Q3 24
$1.3M
$5.2M
Q2 24
$-4.3M
$3.0M
Q1 24
$-1.8M
$2.7M
Free Cash Flow
STRR
STRR
XPOF
XPOF
Q4 25
$-9.0M
$10.2M
Q3 25
$-3.4M
$8.2M
Q2 25
$102.0K
$996.0K
Q1 25
$-808.0K
$5.4M
Q4 24
$-2.8M
$674.0K
Q3 24
$1.3M
$3.4M
Q2 24
$-4.3M
$872.0K
Q1 24
$-1.8M
$1.8M
FCF Margin
STRR
STRR
XPOF
XPOF
Q4 25
-15.8%
12.3%
Q3 25
-7.0%
10.4%
Q2 25
0.3%
1.3%
Q1 25
-2.5%
7.0%
Q4 24
-8.3%
0.8%
Q3 24
3.4%
4.2%
Q2 24
-12.0%
1.1%
Q1 24
-5.3%
2.3%
Capex Intensity
STRR
STRR
XPOF
XPOF
Q4 25
3.0%
0.6%
Q3 25
1.3%
1.4%
Q2 25
0.1%
2.0%
Q1 25
0.0%
0.6%
Q4 24
0.1%
0.1%
Q3 24
0.0%
2.3%
Q2 24
0.0%
2.8%
Q1 24
0.0%
1.1%
Cash Conversion
STRR
STRR
XPOF
XPOF
Q4 25
Q3 25
Q2 25
2.60×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

XPOF
XPOF

Franchise$51.5M62%
Products$9.7M12%
Franchise Marketing Fund Revenue$8.9M11%
Service Other$8.3M10%
Spartan Fitness$4.5M5%

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