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Kyivstar vs Spok: revenue, profit, margins and growth compared

Kyivstar brought in $1.2B of revenue in fiscal 2025, Spok $139.7M in fiscal 2025. Revenue changed by +25.9% at Kyivstar and +1.5% at Spok on the year before, so Kyivstar grew faster. Kyivstar kept 10.7% of its revenue as net profit, Spok 11.4%. Free cash flow was $311M at Kyivstar and $25.2M at Spok.

Side by side, latest fiscal year

KYIVSPOK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.2B$139.7M
Revenue growth+25.9%+1.5%
Net income$124M$15.9M
Net margin10.7%11.4%
Free cash flow$311M$25.2M
Free cash flow margin26.9%18.0%
Earnings per share (diluted)$0.57$0.75
Cash$455M$25.3M
Debtn/an/a
Price to earningsn/a13.9
Market value$3B$218.8M
Dividend yieldn/a11.95%
Rank by revenue in sector#25 of 51 · Telecommunications#39 of 51 · Telecommunications

Over the years

Revenue
KYIV FY2023: $915MKYIV FY2025: $919MKYIV FY2025: $1.2BSPOK FY2018: $169.5MSPOK FY2019: $160.3MSPOK FY2020: $148.2MSPOK FY2021: $142.2MSPOK FY2022: $134.5MSPOK FY2023: $139MSPOK FY2024: $137.7MSPOK FY2025: $139.7MFY18FY19FY20FY21FY22FY23FY24FY25
KYIV $1.2BSPOK $139.7M
Net income
KYIV FY2023: $281MKYIV FY2025: $283MKYIV FY2025: $124MSPOK FY2018: -$1.5MSPOK FY2019: -$10.8MSPOK FY2020: -$44.2MSPOK FY2021: -$22.2MSPOK FY2022: $21.9MSPOK FY2023: $15.7MSPOK FY2024: $15MSPOK FY2025: $15.9MFY18FY19FY20FY21FY22FY23FY24FY25
KYIV $124MSPOK $15.9M
Net margin
KYIV FY2023: 30.7%KYIV FY2025: 30.8%KYIV FY2025: 10.7%SPOK FY2018: -0.9%SPOK FY2019: -6.7%SPOK FY2020: -29.8%SPOK FY2021: -15.6%SPOK FY2022: 16.2%SPOK FY2023: 11.3%SPOK FY2024: 10.9%SPOK FY2025: 11.4%FY18FY19FY20FY21FY22FY23FY24FY25
KYIV 10.7%SPOK 11.4%
Revenue growth
KYIV FY2025: +0.4%KYIV FY2025: +25.9%SPOK FY2019: -5.4%SPOK FY2020: -7.6%SPOK FY2021: -4.1%SPOK FY2022: -5.4%SPOK FY2023: +3.3%SPOK FY2024: -1.0%SPOK FY2025: +1.5%FY19FY20FY21FY22FY23FY24FY25
KYIV +25.9%SPOK +1.5%
Free cash flow
KYIV FY2023: $317MKYIV FY2025: $268MKYIV FY2025: $311MSPOK FY2018: $4.4MSPOK FY2019: $6.9MSPOK FY2020: $22.7MSPOK FY2021: $3.6MSPOK FY2022: $2.7MSPOK FY2023: $22.8MSPOK FY2024: $25.7MSPOK FY2025: $25.2MFY18FY19FY20FY21FY22FY23FY24FY25
KYIV $311MSPOK $25.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Kyivstar and Spok

Which is bigger by revenue, Kyivstar or Spok?

Kyivstar is bigger by revenue: $1.2B in fiscal 2025, against $139.7M for Spok in fiscal 2025.

Which keeps more of its revenue as profit, Kyivstar or Spok?

Kyivstar had a net margin of 10.7% in fiscal 2025; Spok had 11.4% in fiscal 2025.

Which grew revenue faster, Kyivstar or Spok?

In their latest fiscal years revenue changed by +25.9% at Kyivstar and +1.5% at Spok.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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