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Side-by-side financial comparison of AIRGAIN INC (AIRG) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.

HEALTHY CHOICE WELLNESS CORP. is the larger business by last-quarter revenue ($18.7M vs $12.1M, roughly 1.5× AIRGAIN INC). HEALTHY CHOICE WELLNESS CORP. runs the higher net margin — -8.9% vs -20.1%, a 11.3% gap on every dollar of revenue. AIRGAIN INC produced more free cash flow last quarter ($93.0K vs $-927.1K).

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.

AIRG vs HCWC — Head-to-Head

Bigger by revenue
HCWC
HCWC
1.5× larger
HCWC
$18.7M
$12.1M
AIRG
Higher net margin
HCWC
HCWC
11.3% more per $
HCWC
-8.9%
-20.1%
AIRG
More free cash flow
AIRG
AIRG
$1.0M more FCF
AIRG
$93.0K
$-927.1K
HCWC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIRG
AIRG
HCWC
HCWC
Revenue
$12.1M
$18.7M
Net Profit
$-2.4M
$-1.7M
Gross Margin
44.8%
39.1%
Operating Margin
-20.0%
-7.6%
Net Margin
-20.1%
-8.9%
Revenue YoY
-19.6%
Net Profit YoY
-24.4%
EPS (diluted)
$-0.21
$-0.05

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
HCWC
HCWC
Q4 25
$12.1M
$18.7M
Q3 25
$14.0M
$19.0M
Q2 25
$13.6M
$20.2M
Q1 25
$12.0M
$20.3M
Q4 24
$15.1M
Q3 24
$16.1M
$18.2M
Q2 24
$15.2M
Q1 24
$14.2M
Net Profit
AIRG
AIRG
HCWC
HCWC
Q4 25
$-2.4M
$-1.7M
Q3 25
$-964.0K
$-1.2M
Q2 25
$-1.5M
$-339.4K
Q1 25
$-1.5M
$-712.4K
Q4 24
$-2.0M
Q3 24
$-1.8M
$-2.7M
Q2 24
$-2.5M
Q1 24
$-2.5M
Gross Margin
AIRG
AIRG
HCWC
HCWC
Q4 25
44.8%
39.1%
Q3 25
43.6%
38.8%
Q2 25
42.9%
40.1%
Q1 25
43.0%
38.8%
Q4 24
42.2%
Q3 24
41.7%
38.4%
Q2 24
40.5%
Q1 24
39.2%
Operating Margin
AIRG
AIRG
HCWC
HCWC
Q4 25
-20.0%
-7.6%
Q3 25
-6.9%
-3.2%
Q2 25
-14.7%
-0.2%
Q1 25
-25.8%
-2.0%
Q4 24
-13.1%
Q3 24
-11.3%
-2.0%
Q2 24
-16.5%
Q1 24
-18.5%
Net Margin
AIRG
AIRG
HCWC
HCWC
Q4 25
-20.1%
-8.9%
Q3 25
-6.9%
-6.4%
Q2 25
-10.8%
-1.7%
Q1 25
-12.9%
-3.5%
Q4 24
-13.0%
Q3 24
-10.9%
-14.6%
Q2 24
-16.6%
Q1 24
-17.3%
EPS (diluted)
AIRG
AIRG
HCWC
HCWC
Q4 25
$-0.21
$-0.05
Q3 25
$-0.08
$-0.09
Q2 25
$-0.12
$-0.03
Q1 25
$-0.13
$-0.07
Q4 24
$-0.17
Q3 24
$-0.16
$-0.29
Q2 24
$-0.23
Q1 24
$-0.23

Balance Sheet & Financial Strength

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

Metric
AIRG
AIRG
HCWC
HCWC
Cash + ST InvestmentsLiquidity on hand
$7.4M
$3.0M
Total DebtLower is stronger
$7.3M
Stockholders' EquityBook value
$28.3M
$7.3M
Total Assets
$45.3M
$33.5M
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRG
AIRG
HCWC
HCWC
Q4 25
$7.4M
$3.0M
Q3 25
$7.1M
$3.0M
Q2 25
$7.7M
$4.7M
Q1 25
$7.4M
$1.8M
Q4 24
$8.5M
Q3 24
$7.3M
$1.8M
Q2 24
$8.4M
Q1 24
$7.2M
Total Debt
AIRG
AIRG
HCWC
HCWC
Q4 25
$7.3M
Q3 25
$8.5M
Q2 25
$9.7M
Q1 25
$10.6M
Q4 24
Q3 24
$11.6M
Q2 24
Q1 24
Stockholders' Equity
AIRG
AIRG
HCWC
HCWC
Q4 25
$28.3M
$7.3M
Q3 25
$29.7M
$5.9M
Q2 25
$29.8M
$5.8M
Q1 25
$30.3M
$2.1M
Q4 24
$31.0M
Q3 24
$30.8M
$2.9M
Q2 24
$31.6M
Q1 24
$30.5M
Total Assets
AIRG
AIRG
HCWC
HCWC
Q4 25
$45.3M
$33.5M
Q3 25
$45.5M
$33.7M
Q2 25
$45.5M
$36.4M
Q1 25
$46.1M
$34.1M
Q4 24
$48.4M
Q3 24
$43.3M
$33.2M
Q2 24
$42.4M
Q1 24
$42.8M
Debt / Equity
AIRG
AIRG
HCWC
HCWC
Q4 25
1.00×
Q3 25
1.43×
Q2 25
1.69×
Q1 25
5.01×
Q4 24
Q3 24
3.95×
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
AIRG
AIRG
HCWC
HCWC
Operating Cash FlowLast quarter
$194.0K
$-855.1K
Free Cash FlowOCF − Capex
$93.0K
$-927.1K
FCF MarginFCF / Revenue
0.8%
-5.0%
Capex IntensityCapex / Revenue
0.8%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3M
$675.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRG
AIRG
HCWC
HCWC
Q4 25
$194.0K
$-855.1K
Q3 25
$-411.0K
$-308.7K
Q2 25
$129.0K
$1.1M
Q1 25
$-1.0M
$1.1M
Q4 24
$-26.0K
Q3 24
$-1.2M
Q2 24
$-1.2M
Q1 24
$-1.1M
Free Cash Flow
AIRG
AIRG
HCWC
HCWC
Q4 25
$93.0K
$-927.1K
Q3 25
$-418.0K
$-351.3K
Q2 25
$113.0K
$988.6K
Q1 25
$-1.1M
$965.3K
Q4 24
$-27.0K
Q3 24
$-1.2M
Q2 24
$-1.3M
Q1 24
$-1.2M
FCF Margin
AIRG
AIRG
HCWC
HCWC
Q4 25
0.8%
-5.0%
Q3 25
-3.0%
-1.8%
Q2 25
0.8%
4.9%
Q1 25
-8.9%
4.8%
Q4 24
-0.2%
Q3 24
-7.5%
Q2 24
-8.5%
Q1 24
-8.3%
Capex Intensity
AIRG
AIRG
HCWC
HCWC
Q4 25
0.8%
0.4%
Q3 25
0.0%
0.2%
Q2 25
0.1%
0.4%
Q1 25
0.3%
0.6%
Q4 24
0.0%
Q3 24
0.2%
Q2 24
0.6%
Q1 24
0.4%

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%

HCWC
HCWC

Retail Grocery$17.1M91%
Food Service Restaurant$1.7M9%

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