vs
Side-by-side financial comparison of Aeries Technology, Inc. (AERT) and Nukkleus Inc. (NUKK). Click either name above to swap in a different company.
Aeries Technology, Inc. is the larger business by last-quarter revenue ($17.5M vs $5.2M, roughly 3.3× Nukkleus Inc.). Aeries Technology, Inc. runs the higher net margin — 6.6% vs -170.3%, a 176.9% gap on every dollar of revenue.
AERT vs NUKK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2023
| Metric | | |
|---|---|---|
| Revenue | $17.5M | $5.2M |
| Net Profit | $1.2M | $-8.9M |
| Gross Margin | 19.1% | 8.7% |
| Operating Margin | 4.4% | -170.3% |
| Net Margin | 6.6% | -170.3% |
| Revenue YoY | -0.8% | — |
| Net Profit YoY | -56.7% | -8446.7% |
| EPS (diluted) | $0.02 | — |
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.
| Q4 25 | $17.5M | — | ||
| Q3 25 | $17.4M | — | ||
| Q2 25 | $15.3M | — | ||
| Q1 25 | $19.1M | — | ||
| Q4 24 | $17.6M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $16.7M | — | ||
| Q1 24 | $19.7M | — |
| Q4 25 | $1.2M | — | ||
| Q3 25 | $369.0K | — | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $-6.0M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $-2.3M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $32.1M | — |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 24.6% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 24.1% | — | ||
| Q1 24 | 32.1% | — |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 11.4% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | -16.3% | — | ||
| Q4 24 | -29.3% | — | ||
| Q3 24 | -24.3% | — | ||
| Q2 24 | -98.5% | — | ||
| Q1 24 | -0.0% | — |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -31.6% | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | -13.5% | — | ||
| Q2 24 | -87.9% | — | ||
| Q1 24 | 163.1% | — |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $-0.05 | — | ||
| Q2 24 | $-0.39 | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.6M | $204.1K |
| Total DebtLower is stronger | $943.0K | — |
| Stockholders' EquityBook value | $-1.2M | $-9.9M |
| Total Assets | $42.0M | $2.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $2.4M | — | ||
| Q3 24 | $3.6M | — | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $943.0K | — | ||
| Q3 25 | $960.0K | — | ||
| Q2 25 | $1.1M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.7M | — | ||
| Q1 24 | $1.5M | — |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-4.3M | — | ||
| Q1 25 | $-5.8M | — | ||
| Q4 24 | $692.0K | — | ||
| Q3 24 | $-2.3M | — | ||
| Q2 24 | $-231.0K | — | ||
| Q1 24 | $-12.2M | — |
| Q4 25 | $42.0M | — | ||
| Q3 25 | $40.5M | — | ||
| Q2 25 | $38.8M | — | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $50.7M | — | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $51.8M | — | ||
| Q1 24 | $49.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.17× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.4M | — |
| Free Cash FlowOCF − Capex | $2.1M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | — | ||
| Q3 25 | $1.0M | — | ||
| Q2 25 | $1.4M | — | ||
| Q1 25 | $864.0K | — | ||
| Q4 24 | $-2.1M | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $-1.7M | — | ||
| Q1 24 | $-3.0M | — |
| Q4 25 | $2.1M | — | ||
| Q3 25 | $653.0K | — | ||
| Q2 25 | $1.1M | — | ||
| Q1 25 | $752.0K | — | ||
| Q4 24 | $-2.5M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $-2.1M | — | ||
| Q1 24 | $-3.5M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 3.9% | — | ||
| Q4 24 | -14.0% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | -12.5% | — | ||
| Q1 24 | -17.6% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 2.05× | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AERT
Segment breakdown not available.
NUKK
| General Support Services | $4.8M | 92% |
| Other | $442.4K | 8% |
