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Side-by-side financial comparison of AIRGAIN INC (AIRG) and Canterbury Park Holding Corp (CPHC). Click either name above to swap in a different company.

Canterbury Park Holding Corp is the larger business by last-quarter revenue ($12.4M vs $12.1M, roughly 1.0× AIRGAIN INC). Canterbury Park Holding Corp runs the higher net margin — -3.1% vs -20.1%, a 17.0% gap on every dollar of revenue. On growth, Canterbury Park Holding Corp posted the faster year-over-year revenue change (3.9% vs -19.6%). AIRGAIN INC produced more free cash flow last quarter ($93.0K vs $-611.3K). Over the past eight quarters, Canterbury Park Holding Corp's revenue compounded faster (-6.0% CAGR vs -7.7%).

Airgain Inc is a leading provider of high-performance wireless connectivity solutions, including advanced antenna products, embedded radio modules, and custom connectivity systems. It serves core market segments such as IoT, automotive, smart home, enterprise networking, and telecommunications, delivering reliable high-speed wireless performance for various connected device use cases.

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

AIRG vs CPHC — Head-to-Head

Bigger by revenue
CPHC
CPHC
1.0× larger
CPHC
$12.4M
$12.1M
AIRG
Growing faster (revenue YoY)
CPHC
CPHC
+23.5% gap
CPHC
3.9%
-19.6%
AIRG
Higher net margin
CPHC
CPHC
17.0% more per $
CPHC
-3.1%
-20.1%
AIRG
More free cash flow
AIRG
AIRG
$704.3K more FCF
AIRG
$93.0K
$-611.3K
CPHC
Faster 2-yr revenue CAGR
CPHC
CPHC
Annualised
CPHC
-6.0%
-7.7%
AIRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRG
AIRG
CPHC
CPHC
Revenue
$12.1M
$12.4M
Net Profit
$-2.4M
$-390.1K
Gross Margin
44.8%
Operating Margin
-20.0%
2.6%
Net Margin
-20.1%
-3.1%
Revenue YoY
-19.6%
3.9%
Net Profit YoY
-24.4%
68.7%
EPS (diluted)
$-0.21
$-0.08

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
AIRG
AIRG
CPHC
CPHC
Q4 25
$12.1M
$12.4M
Q3 25
$14.0M
$18.3M
Q2 25
$13.6M
$15.7M
Q1 25
$12.0M
$13.1M
Q4 24
$15.1M
$12.0M
Q3 24
$16.1M
$19.3M
Q2 24
$15.2M
$16.2M
Q1 24
$14.2M
$14.1M
Net Profit
AIRG
AIRG
CPHC
CPHC
Q4 25
$-2.4M
$-390.1K
Q3 25
$-964.0K
$487.3K
Q2 25
$-1.5M
$-327.4K
Q1 25
$-1.5M
$-299.2K
Q4 24
$-2.0M
$-1.2M
Q3 24
$-1.8M
$2.0M
Q2 24
$-2.5M
$338.3K
Q1 24
$-2.5M
$998.2K
Gross Margin
AIRG
AIRG
CPHC
CPHC
Q4 25
44.8%
Q3 25
43.6%
Q2 25
42.9%
Q1 25
43.0%
Q4 24
42.2%
Q3 24
41.7%
Q2 24
40.5%
Q1 24
39.2%
Operating Margin
AIRG
AIRG
CPHC
CPHC
Q4 25
-20.0%
2.6%
Q3 25
-6.9%
5.7%
Q2 25
-14.7%
2.8%
Q1 25
-25.8%
4.9%
Q4 24
-13.1%
-0.8%
Q3 24
-11.3%
18.9%
Q2 24
-16.5%
6.9%
Q1 24
-18.5%
12.5%
Net Margin
AIRG
AIRG
CPHC
CPHC
Q4 25
-20.1%
-3.1%
Q3 25
-6.9%
2.7%
Q2 25
-10.8%
-2.1%
Q1 25
-12.9%
-2.3%
Q4 24
-13.0%
-10.4%
Q3 24
-10.9%
10.5%
Q2 24
-16.6%
2.1%
Q1 24
-17.3%
7.1%
EPS (diluted)
AIRG
AIRG
CPHC
CPHC
Q4 25
$-0.21
$-0.08
Q3 25
$-0.08
$0.10
Q2 25
$-0.12
$-0.06
Q1 25
$-0.13
$-0.06
Q4 24
$-0.17
$-0.25
Q3 24
$-0.16
$0.40
Q2 24
$-0.23
$0.07
Q1 24
$-0.23
$0.20

Balance Sheet & Financial Strength

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

Metric
AIRG
AIRG
CPHC
CPHC
Cash + ST InvestmentsLiquidity on hand
$7.4M
$17.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.3M
$83.9M
Total Assets
$45.3M
$112.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRG
AIRG
CPHC
CPHC
Q4 25
$7.4M
$17.1M
Q3 25
$7.1M
$16.7M
Q2 25
$7.7M
$16.9M
Q1 25
$7.4M
$15.4M
Q4 24
$8.5M
$15.1M
Q3 24
$7.3M
$21.7M
Q2 24
$8.4M
$23.8M
Q1 24
$7.2M
$25.2M
Stockholders' Equity
AIRG
AIRG
CPHC
CPHC
Q4 25
$28.3M
$83.9M
Q3 25
$29.7M
$84.1M
Q2 25
$29.8M
$83.6M
Q1 25
$30.3M
$83.7M
Q4 24
$31.0M
$84.1M
Q3 24
$30.8M
$85.2M
Q2 24
$31.6M
$83.2M
Q1 24
$30.5M
$82.7M
Total Assets
AIRG
AIRG
CPHC
CPHC
Q4 25
$45.3M
$112.6M
Q3 25
$45.5M
$114.4M
Q2 25
$45.5M
$114.9M
Q1 25
$46.1M
$112.4M
Q4 24
$48.4M
$109.9M
Q3 24
$43.3M
$114.2M
Q2 24
$42.4M
$111.4M
Q1 24
$42.8M
$105.6M

Cash Flow & Capital Efficiency

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

Metric
AIRG
AIRG
CPHC
CPHC
Operating Cash FlowLast quarter
$194.0K
$-103.4K
Free Cash FlowOCF − Capex
$93.0K
$-611.3K
FCF MarginFCF / Revenue
0.8%
-4.9%
Capex IntensityCapex / Revenue
0.8%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M
$4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRG
AIRG
CPHC
CPHC
Q4 25
$194.0K
$-103.4K
Q3 25
$-411.0K
$1.2M
Q2 25
$129.0K
$4.4M
Q1 25
$-1.0M
$3.4M
Q4 24
$-26.0K
$-2.8M
Q3 24
$-1.2M
$2.3M
Q2 24
$-1.2M
$5.4M
Q1 24
$-1.1M
$1.6M
Free Cash Flow
AIRG
AIRG
CPHC
CPHC
Q4 25
$93.0K
$-611.3K
Q3 25
$-418.0K
$-395.3K
Q2 25
$113.0K
$3.2M
Q1 25
$-1.1M
$2.5M
Q4 24
$-27.0K
$-6.7M
Q3 24
$-1.2M
$-25
Q2 24
$-1.3M
$1.8M
Q1 24
$-1.2M
$-601.0K
FCF Margin
AIRG
AIRG
CPHC
CPHC
Q4 25
0.8%
-4.9%
Q3 25
-3.0%
-2.2%
Q2 25
0.8%
20.5%
Q1 25
-8.9%
19.1%
Q4 24
-0.2%
-55.9%
Q3 24
-7.5%
-0.0%
Q2 24
-8.5%
11.1%
Q1 24
-8.3%
-4.3%
Capex Intensity
AIRG
AIRG
CPHC
CPHC
Q4 25
0.8%
4.1%
Q3 25
0.0%
9.0%
Q2 25
0.1%
7.5%
Q1 25
0.3%
6.5%
Q4 24
0.0%
32.6%
Q3 24
0.2%
11.8%
Q2 24
0.6%
22.2%
Q1 24
0.4%
15.7%
Cash Conversion
AIRG
AIRG
CPHC
CPHC
Q4 25
Q3 25
2.56×
Q2 25
Q1 25
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIRG
AIRG

Transferred At Point In Time$11.3M93%
Other$803.0K7%

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

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