vs

Side-by-side financial comparison of AIR INDUSTRIES GROUP (AIRI) and BIOHARVEST SCIENCES INC. (BHST). Click either name above to swap in a different company.

AIR INDUSTRIES GROUP is the larger business by last-quarter revenue ($12.8M vs $8.4M, roughly 1.5× BIOHARVEST SCIENCES INC.).

Mitsubishi Heavy Industries, Ltd. is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors.

BioHarvest Sciences Inc. is a biotechnology firm that develops and produces sustainable, high-purity plant-derived bioactive ingredients. It serves the nutraceutical, cosmetics, and pharmaceutical sectors, leveraging proprietary cell cultivation technology to create efficacious natural products without large-scale agricultural farming.

AIRI vs BHST — Head-to-Head

Bigger by revenue
AIRI
AIRI
1.5× larger
AIRI
$12.8M
$8.4M
BHST

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AIRI
AIRI
BHST
BHST
Revenue
$12.8M
$8.4M
Net Profit
$149.0K
Gross Margin
14.3%
60.3%
Operating Margin
0.7%
Net Margin
1.2%
Revenue YoY
-14.1%
Net Profit YoY
126.9%
EPS (diluted)
$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
AIRI
AIRI
BHST
BHST
Q4 25
$12.8M
Q3 25
$10.3M
$8.4M
Q2 25
$12.7M
$8.1M
Q1 25
$12.1M
$7.7M
Q4 24
$14.9M
Q3 24
$12.6M
$6.5M
Q2 24
$13.6M
$6.0M
Q1 24
$14.1M
Net Profit
AIRI
AIRI
BHST
BHST
Q4 25
$149.0K
Q3 25
$-44.0K
Q2 25
$-422.0K
Q1 25
$-988.0K
Q4 24
$-554.0K
Q3 24
$-404.0K
Q2 24
$298.0K
Q1 24
$-706.0K
Gross Margin
AIRI
AIRI
BHST
BHST
Q4 25
14.3%
Q3 25
22.3%
60.3%
Q2 25
16.0%
60.0%
Q1 25
16.8%
58.2%
Q4 24
16.4%
Q3 24
15.5%
Q2 24
19.5%
Q1 24
13.6%
Operating Margin
AIRI
AIRI
BHST
BHST
Q4 25
0.7%
Q3 25
3.1%
Q2 25
0.1%
Q1 25
-6.1%
Q4 24
-0.7%
Q3 24
0.5%
Q2 24
5.5%
Q1 24
-1.8%
Net Margin
AIRI
AIRI
BHST
BHST
Q4 25
1.2%
Q3 25
-0.4%
Q2 25
-3.3%
Q1 25
-8.1%
Q4 24
-3.7%
Q3 24
-3.2%
Q2 24
2.2%
Q1 24
-5.0%
EPS (diluted)
AIRI
AIRI
BHST
BHST
Q4 25
$0.08
Q3 25
$-0.01
Q2 25
$-0.11
Q1 25
$-0.27
Q4 24
$-0.16
Q3 24
$-0.12
Q2 24
$0.08
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
AIRI
AIRI
BHST
BHST
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$5.9M
Stockholders' EquityBook value
$19.2M
Total Assets
$58.3M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRI
AIRI
BHST
BHST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$186.0K
Q2 24
Q1 24
$225.0K
Total Debt
AIRI
AIRI
BHST
BHST
Q4 25
$5.9M
Q3 25
Q2 25
$6.4M
Q1 25
$6.6M
Q4 24
$5.2M
Q3 24
$5.4M
Q2 24
Q1 24
$4.9M
Stockholders' Equity
AIRI
AIRI
BHST
BHST
Q4 25
$19.2M
Q3 25
$18.8M
Q2 25
$15.3M
Q1 25
$15.3M
Q4 24
$14.9M
Q3 24
$14.7M
Q2 24
$14.9M
Q1 24
$14.5M
Total Assets
AIRI
AIRI
BHST
BHST
Q4 25
$58.3M
Q3 25
$58.0M
Q2 25
$50.4M
Q1 25
$48.4M
Q4 24
$51.0M
Q3 24
$50.4M
Q2 24
Q1 24
$50.3M
Debt / Equity
AIRI
AIRI
BHST
BHST
Q4 25
0.30×
Q3 25
Q2 25
0.42×
Q1 25
0.43×
Q4 24
0.35×
Q3 24
0.37×
Q2 24
Q1 24
0.33×

Cash Flow & Capital Efficiency

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

Metric
AIRI
AIRI
BHST
BHST
Operating Cash FlowLast quarter
$-598.0K
Free Cash FlowOCF − Capex
$-902.0K
FCF MarginFCF / Revenue
-7.0%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-4.01×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRI
AIRI
BHST
BHST
Q4 25
$-598.0K
Q3 25
$-2.6M
Q2 25
$345.0K
Q1 25
$1.5M
Q4 24
$-184.0K
Q3 24
$174.0K
Q2 24
$566.0K
Q1 24
$-232.0K
Free Cash Flow
AIRI
AIRI
BHST
BHST
Q4 25
$-902.0K
Q3 25
$-3.5M
Q2 25
$-551.0K
Q1 25
$308.0K
Q4 24
$-985.0K
Q3 24
$-95.0K
Q2 24
$-554.0K
Q1 24
$-343.0K
FCF Margin
AIRI
AIRI
BHST
BHST
Q4 25
-7.0%
Q3 25
-34.2%
Q2 25
-4.4%
Q1 25
2.5%
Q4 24
-6.6%
Q3 24
-0.8%
Q2 24
-4.1%
Q1 24
-2.4%
Capex Intensity
AIRI
AIRI
BHST
BHST
Q4 25
2.4%
Q3 25
8.8%
Q2 25
7.1%
Q1 25
10.0%
Q4 24
5.4%
Q3 24
2.1%
Q2 24
8.3%
Q1 24
0.8%
Cash Conversion
AIRI
AIRI
BHST
BHST
Q4 25
-4.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.90×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIRI
AIRI

Military$7.4M58%
Other$5.4M42%

BHST
BHST

Segment breakdown not available.

Related Comparisons