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Side-by-side financial comparison of ACORN ENERGY, INC. (ACFN) and Beyond Air, Inc. (XAIR). Click either name above to swap in a different company.

ACORN ENERGY, INC. is the larger business by last-quarter revenue ($2.4M vs $2.2M, roughly 1.1× Beyond Air, Inc.). ACORN ENERGY, INC. runs the higher net margin — 45.2% vs -334.4%, a 379.5% gap on every dollar of revenue. On growth, Beyond Air, Inc. posted the faster year-over-year revenue change (104.7% vs -32.6%). Over the past eight quarters, Beyond Air, Inc.'s revenue compounded faster (116.1% CAGR vs 5.6%).

Acorn Energy Inc. is a NASDAQ-listed conglomerate investing in electricity generation and security. It was founded by George Morgenstern in 1984 as Decision Systems, Inc. and was taken public by Laidlaw Securities. The name was later changed to Data Systems and Software Inc. John Moore became CEO in 2006 and changed the name to Acorn Factor and later to Acorn Energy.

Delta Air Lines, Inc. is a major airline in the United States headquartered in Atlanta, Georgia, operating nine hubs, with Hartsfield–Jackson Atlanta International Airport being its largest in terms of total passengers and number of departures. With its regional subsidiaries and contractors operating under the brand name Delta Connection, Delta has over 5,400 flights daily and serves 325 destinations in 52 countries on six continents.

ACFN vs XAIR — Head-to-Head

Bigger by revenue
ACFN
ACFN
1.1× larger
ACFN
$2.4M
$2.2M
XAIR
Growing faster (revenue YoY)
XAIR
XAIR
+137.3% gap
XAIR
104.7%
-32.6%
ACFN
Higher net margin
ACFN
ACFN
379.5% more per $
ACFN
45.2%
-334.4%
XAIR
Faster 2-yr revenue CAGR
XAIR
XAIR
Annualised
XAIR
116.1%
5.6%
ACFN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ACFN
ACFN
XAIR
XAIR
Revenue
$2.4M
$2.2M
Net Profit
$1.1M
$-7.3M
Gross Margin
80.1%
13.7%
Operating Margin
11.7%
-300.6%
Net Margin
45.2%
-334.4%
Revenue YoY
-32.6%
104.7%
Net Profit YoY
-79.5%
43.7%
EPS (diluted)
$0.42
$-0.85

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
ACFN
ACFN
XAIR
XAIR
Q4 25
$2.4M
$2.2M
Q3 25
$2.5M
$1.8M
Q2 25
$3.5M
$1.8M
Q1 25
$3.1M
$1.2M
Q4 24
$3.5M
$1.1M
Q3 24
$3.0M
$798.0K
Q2 24
$2.3M
$683.0K
Q1 24
$2.1M
$470.0K
Net Profit
ACFN
ACFN
XAIR
XAIR
Q4 25
$1.1M
$-7.3M
Q3 25
$252.0K
$-7.9M
Q2 25
$720.0K
$-7.7M
Q1 25
$464.0K
$-8.0M
Q4 24
$5.2M
$-13.0M
Q3 24
$725.0K
$-13.4M
Q2 24
$271.0K
$-12.2M
Q1 24
$65.0K
$-13.7M
Gross Margin
ACFN
ACFN
XAIR
XAIR
Q4 25
80.1%
13.7%
Q3 25
78.5%
-16.4%
Q2 25
74.9%
8.9%
Q1 25
75.1%
-2.8%
Q4 24
72.4%
-20.1%
Q3 24
71.7%
-135.8%
Q2 24
73.2%
-48.6%
Q1 24
74.6%
-109.4%
Operating Margin
ACFN
ACFN
XAIR
XAIR
Q4 25
11.7%
-300.6%
Q3 25
6.4%
-421.4%
Q2 25
26.9%
-432.8%
Q1 25
19.5%
-622.6%
Q4 24
23.9%
-1021.6%
Q3 24
24.8%
-1608.1%
Q2 24
11.3%
-1988.3%
Q1 24
3.7%
-2687.9%
Net Margin
ACFN
ACFN
XAIR
XAIR
Q4 25
45.2%
-334.4%
Q3 25
10.2%
-436.7%
Q2 25
20.4%
-437.0%
Q1 25
15.0%
-697.4%
Q4 24
148.3%
-1215.7%
Q3 24
23.8%
-1673.9%
Q2 24
11.9%
-1786.4%
Q1 24
3.0%
-2916.4%
EPS (diluted)
ACFN
ACFN
XAIR
XAIR
Q4 25
$0.42
$-0.85
Q3 25
$0.10
$-1.25
Q2 25
$0.28
$-1.53
Q1 25
$0.19
$13.26
Q4 24
$2.08
$-2.96
Q3 24
$0.29
$-5.67
Q2 24
$0.11
$-5.32
Q1 24
$0.03
$-0.36

Balance Sheet & Financial Strength

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

Metric
ACFN
ACFN
XAIR
XAIR
Cash + ST InvestmentsLiquidity on hand
$4.5M
$11.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.3M
$8.1M
Total Assets
$13.3M
$36.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACFN
ACFN
XAIR
XAIR
Q4 25
$4.5M
$11.7M
Q3 25
$4.2M
$10.7M
Q2 25
$3.3M
$6.5M
Q1 25
$2.6M
$6.9M
Q4 24
$2.3M
$10.9M
Q3 24
$2.2M
$28.4M
Q2 24
$1.5M
$21.4M
Q1 24
$1.4M
$34.5M
Total Debt
ACFN
ACFN
XAIR
XAIR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$11.8M
Q3 24
$12.5M
Q2 24
$17.5M
Q1 24
$17.5M
Stockholders' Equity
ACFN
ACFN
XAIR
XAIR
Q4 25
$8.3M
$8.1M
Q3 25
$7.2M
$12.7M
Q2 25
$6.9M
$9.9M
Q1 25
$6.1M
$13.6M
Q4 24
$5.5M
$17.6M
Q3 24
$288.0K
$28.1M
Q2 24
$-451.0K
$16.1M
Q1 24
$-733.0K
$25.0M
Total Assets
ACFN
ACFN
XAIR
XAIR
Q4 25
$13.3M
$36.8M
Q3 25
$12.4M
$31.0M
Q2 25
$12.5M
$28.1M
Q1 25
$11.1M
$30.1M
Q4 24
$10.6M
$34.1M
Q3 24
$5.4M
$53.0M
Q2 24
$4.8M
$46.5M
Q1 24
$4.9M
$57.0M
Debt / Equity
ACFN
ACFN
XAIR
XAIR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.67×
Q3 24
0.44×
Q2 24
1.08×
Q1 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
ACFN
ACFN
XAIR
XAIR
Operating Cash FlowLast quarter
$295.0K
$-4.2M
Free Cash FlowOCF − Capex
$-4.3M
FCF MarginFCF / Revenue
-193.8%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.27×
TTM Free Cash FlowTrailing 4 quarters
$-22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACFN
ACFN
XAIR
XAIR
Q4 25
$295.0K
$-4.2M
Q3 25
$895.0K
$-4.5M
Q2 25
$629.0K
$-4.5M
Q1 25
$271.0K
$-7.0M
Q4 24
$166.0K
$-7.7M
Q3 24
$698.0K
$-13.3M
Q2 24
$84.0K
$-10.2M
Q1 24
$-43.0K
$-10.7M
Free Cash Flow
ACFN
ACFN
XAIR
XAIR
Q4 25
$-4.3M
Q3 25
$-4.7M
Q2 25
$-4.7M
Q1 25
$-8.5M
Q4 24
$-8.3M
Q3 24
$-14.5M
Q2 24
$-12.9M
Q1 24
$-12.7M
FCF Margin
ACFN
ACFN
XAIR
XAIR
Q4 25
-193.8%
Q3 25
-258.5%
Q2 25
-268.4%
Q1 25
-733.9%
Q4 24
-771.5%
Q3 24
-1819.9%
Q2 24
-1881.8%
Q1 24
-2692.8%
Capex Intensity
ACFN
ACFN
XAIR
XAIR
Q4 25
1.5%
Q3 25
13.5%
Q2 25
11.3%
Q1 25
130.0%
Q4 24
50.1%
Q3 24
147.2%
Q2 24
391.4%
Q1 24
410.9%
Cash Conversion
ACFN
ACFN
XAIR
XAIR
Q4 25
0.27×
Q3 25
3.55×
Q2 25
0.87×
Q1 25
0.58×
Q4 24
0.03×
Q3 24
0.96×
Q2 24
0.31×
Q1 24
-0.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACFN
ACFN

PG$2.2M94%
Other$143.0K6%

XAIR
XAIR

Segment breakdown not available.

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