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Side-by-side financial comparison of American Integrity Insurance Group, Inc. (AII) and AST SpaceMobile, Inc. (ASTS). Click either name above to swap in a different company.

American Integrity Insurance Group, Inc. is the larger business by last-quarter revenue ($68.1M vs $54.3M, roughly 1.3× AST SpaceMobile, Inc.). American Integrity Insurance Group, Inc. runs the higher net margin — 30.7% vs -136.2%, a 166.9% gap on every dollar of revenue. American Integrity Insurance Group, Inc. produced more free cash flow last quarter ($133.2M vs $-330.7M).

American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individua...

AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.

AII vs ASTS — Head-to-Head

Bigger by revenue
AII
AII
1.3× larger
AII
$68.1M
$54.3M
ASTS
Higher net margin
AII
AII
166.9% more per $
AII
30.7%
-136.2%
ASTS
More free cash flow
AII
AII
$463.9M more FCF
AII
$133.2M
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AII
AII
ASTS
ASTS
Revenue
$68.1M
$54.3M
Net Profit
$20.9M
$-74.0M
Gross Margin
Operating Margin
43.0%
-175.0%
Net Margin
30.7%
-136.2%
Revenue YoY
2758.2%
Net Profit YoY
-106.3%
EPS (diluted)
$0.58

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
AII
AII
ASTS
ASTS
Q4 25
$68.1M
$54.3M
Q3 25
$62.0M
$14.7M
Q2 25
$74.5M
Q1 25
$71.9M
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q4 22
$-1.0K
Net Profit
AII
AII
ASTS
ASTS
Q4 25
$20.9M
$-74.0M
Q3 25
$13.2M
$-122.9M
Q2 25
$27.5M
Q1 25
$38.1M
Q4 23
$-31.9M
Q3 23
$-20.9M
Q2 23
$-18.4M
Q4 22
$-8.2M
Gross Margin
AII
AII
ASTS
ASTS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 23
Q3 23
Q2 23
Q4 22
200.0%
Operating Margin
AII
AII
ASTS
ASTS
Q4 25
43.0%
-175.0%
Q3 25
30.3%
-1109.0%
Q2 25
32.3%
Q1 25
59.7%
Q4 23
Q3 23
Q2 23
Q4 22
2522300.0%
Net Margin
AII
AII
ASTS
ASTS
Q4 25
30.7%
-136.2%
Q3 25
21.2%
-833.7%
Q2 25
36.9%
Q1 25
53.0%
Q4 23
Q3 23
Q2 23
Q4 22
822900.0%
EPS (diluted)
AII
AII
ASTS
ASTS
Q4 25
$0.58
Q3 25
$0.67
Q2 25
$1.62
Q1 25
$2.78
Q4 23
Q3 23
Q2 23
Q4 22

Balance Sheet & Financial Strength

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

Metric
AII
AII
ASTS
ASTS
Cash + ST InvestmentsLiquidity on hand
$222.0M
$4.3B
Total DebtLower is stronger
$618.0K
Stockholders' EquityBook value
$337.0M
$2.4B
Total Assets
$1.2B
$5.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AII
AII
ASTS
ASTS
Q4 25
$222.0M
$4.3B
Q3 25
$171.9M
$2.4B
Q2 25
$259.6M
Q1 25
$236.4M
Q4 23
$155.3M
Q3 23
$251.7M
Q2 23
$372.9M
Q4 22
$469.3M
Total Debt
AII
AII
ASTS
ASTS
Q4 25
$618.0K
Q3 25
$721.0K
Q2 25
$824.0K
Q1 25
$926.0K
Q4 23
Q3 23
Q2 23
$4.6M
Q4 22
$4.8M
Stockholders' Equity
AII
AII
ASTS
ASTS
Q4 25
$337.0M
$2.4B
Q3 25
$315.9M
$1.6B
Q2 25
$301.9M
Q1 25
$186.1M
Q4 23
$213.6M
Q3 23
$287.2M
Q2 23
$335.9M
Q4 22
$359.8M
Total Assets
AII
AII
ASTS
ASTS
Q4 25
$1.2B
$5.0B
Q3 25
$1.4B
$2.6B
Q2 25
$1.6B
Q1 25
$1.1B
Q4 23
$360.9M
Q3 23
$402.1M
Q2 23
$408.5M
Q4 22
$438.4M
Debt / Equity
AII
AII
ASTS
ASTS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 23
Q3 23
Q2 23
0.01×
Q4 22
0.01×

Cash Flow & Capital Efficiency

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

Metric
AII
AII
ASTS
ASTS
Operating Cash FlowLast quarter
$138.2M
$65.0M
Free Cash FlowOCF − Capex
$133.2M
$-330.7M
FCF MarginFCF / Revenue
195.6%
-609.0%
Capex IntensityCapex / Revenue
7.4%
728.7%
Cash ConversionOCF / Net Profit
6.62×
TTM Free Cash FlowTrailing 4 quarters
$216.1M
$-790.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AII
AII
ASTS
ASTS
Q4 25
$138.2M
$65.0M
Q3 25
$-7.5M
$-64.5M
Q2 25
$27.4M
Q1 25
$68.1M
Q4 23
$-24.9M
Q3 23
$-36.1M
Q2 23
$-50.3M
Q4 22
$-35.0M
Free Cash Flow
AII
AII
ASTS
ASTS
Q4 25
$133.2M
$-330.7M
Q3 25
$-11.9M
$-302.9M
Q2 25
$26.9M
Q1 25
$68.0M
Q4 23
$-47.2M
Q3 23
$-109.5M
Q2 23
$-57.8M
Q4 22
$-46.5M
FCF Margin
AII
AII
ASTS
ASTS
Q4 25
195.6%
-609.0%
Q3 25
-19.2%
-2055.0%
Q2 25
36.1%
Q1 25
94.6%
Q4 23
Q3 23
Q2 23
Q4 22
4647400.0%
Capex Intensity
AII
AII
ASTS
ASTS
Q4 25
7.4%
728.7%
Q3 25
7.2%
1617.6%
Q2 25
0.6%
Q1 25
0.2%
Q4 23
Q3 23
Q2 23
Q4 22
-1143400.0%
Cash Conversion
AII
AII
ASTS
ASTS
Q4 25
6.62×
Q3 25
-0.57×
Q2 25
1.00×
Q1 25
1.79×
Q4 23
Q3 23
Q2 23
Q4 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

AII
AII

Segment breakdown not available.

ASTS
ASTS

Products$44.4M82%
Other$7.8M14%
Sat Co$2.1M4%

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