AD vs SPOK
Array Digital Infrastructure, Inc. and Spok Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AD | SPOK |
|---|---|---|
| Revenue | $163.0M | $139.7M |
| Net income | $48.8M | $15.9M |
| Gross margin | 51.2% | 78.7% |
| Net margin | 42.5% | 11.4% |
| Return on equity | 1.4% | 10.5% |
| Diluted EPS | $0.56 | $0.75 |
| Dividend / share | $23.00 | $1.25 |
| Payout ratio | · | 171.6% |
| Free cash flow | $173.6M | $25.2M |
| Equity | $2.6B | $146.4M |
| Net debt / equity | 0.22× | · |
| Current ratio | 0.72× | 1.18× |
| Revenue CAGR 5y | · | −1.2% |
| Profit CAGR 5y | −26.6% | · |
AD bills 1.2× the revenue of SPOK, and keeps more of each dollar of revenue as profit (42.5% against 11.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AD | SPOK |
|---|---|---|
| FY2025 | $163.0M | $139.7M |
| FY2024 | $102.9M | $137.7M |
| FY2023 | $100.5M | $139.0M |
| FY2022 | $4.2B | $134.5M |
| FY2021 | $4.1B | $142.2M |
| FY2020 | $4.0B | $148.2M |
| FY2019 | $4.0B | $160.3M |
| FY2018 | $4.0B | $169.5M |
| FY2017 | $3.9B | $171.2M |
| FY2016 | $4.0B | $179.6M |
Bottom line
| Fiscal year | AD | SPOK |
|---|---|---|
| FY2025 | $48.8M | $15.9M |
| FY2024 | $-39.4M | $15.0M |
| FY2023 | $54.5M | $15.7M |
| FY2022 | $30.0M | $21.9M |
| FY2021 | $155.0M | $-22.2M |
| FY2020 | $229.0M | $-44.2M |
| FY2019 | $127.0M | $-10.8M |
| FY2018 | $150.0M | $-1.5M |
| FY2017 | $12.0M | $-15.3M |
| FY2016 | $48.0M | $14.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$23,253,000 | AD |
| FY2024 | −$34,720,000 | SPOK |
| FY2023 | −$38,556,000 | SPOK |
| FY2022 | +$4,034,466,000 | AD |
| FY2021 | +$3,979,847,000 | AD |
| FY2020 | +$3,888,820,000 | AD |
| FY2019 | +$3,861,711,000 | AD |
| FY2018 | +$3,797,526,000 | AD |
| FY2017 | +$3,718,825,000 | AD |
| FY2016 | +$3,810,439,000 | AD |
| FY2015 | +$3,841,372,000 | AD |
| FY2014 | +$3,692,727,000 | AD |
| FY2013 | +$3,709,084,000 | AD |
| FY2012 | +$4,232,388,000 | AD |
| FY2011 | +$4,109,653,000 | AD |
| FY2010 | +$3,944,427,000 | AD |
| FY2009 | +$3,924,174,000 | AD |
The higher-revenue side has changed between AD and SPOK over this period. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +31.1 pp | AD |
| FY2024 | −41.5 pp | SPOK |
| FY2023 | +46.4 pp | AD |
| FY2022 | −15.4 pp | SPOK |
| FY2021 | +19.5 pp | AD |
| FY2020 | +35.6 pp | AD |
| FY2019 | +10.0 pp | AD |
| FY2018 | +5.0 pp | AD |
| FY2017 | +9.3 pp | AD |
| FY2016 | −6.6 pp | SPOK |
| FY2015 | −36.2 pp | SPOK |
| FY2014 | −11.6 pp | SPOK |
| FY2013 | −9.4 pp | SPOK |
| FY2012 | −9.1 pp | SPOK |
| FY2011 | −31.1 pp | SPOK |
| FY2010 | −29.5 pp | SPOK |
| FY2009 | −17.7 pp | SPOK |
The higher net margin has changed hands between AD and SPOK over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SPOK's net margin has been more volatile than AD's over the 17 comparable fiscal years — 18.0 percentage points of standard deviation against 18.0.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AD and SPOK over these 17 fiscal years — AD led in 7 and SPOK in 10.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SPOK's return on equity has been more volatile than AD's over the 17 comparable fiscal years — 17.7 percentage points of standard deviation against 2.3.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AD and SPOK over these 17 fiscal years — AD led in 5 and SPOK in 12.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.