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Side-by-side financial comparison of AIR INDUSTRIES GROUP (AIRI) and FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI). Click either name above to swap in a different company.
AIR INDUSTRIES GROUP is the larger business by last-quarter revenue ($12.8M vs $9.1M, roughly 1.4× FLEXIBLE SOLUTIONS INTERNATIONAL INC). AIR INDUSTRIES GROUP runs the higher net margin — 1.2% vs -5.1%, a 6.2% gap on every dollar of revenue. On growth, FLEXIBLE SOLUTIONS INTERNATIONAL INC posted the faster year-over-year revenue change (-0.5% vs -14.1%). AIR INDUSTRIES GROUP produced more free cash flow last quarter ($-902.0K vs $-4.0M). Over the past eight quarters, FLEXIBLE SOLUTIONS INTERNATIONAL INC's revenue compounded faster (-0.6% CAGR vs -4.5%).
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.
Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.
AIRI vs FSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $9.1M |
| Net Profit | $149.0K | $-460.9K |
| Gross Margin | 14.3% | 29.4% |
| Operating Margin | 0.7% | 11.6% |
| Net Margin | 1.2% | -5.1% |
| Revenue YoY | -14.1% | -0.5% |
| Net Profit YoY | 126.9% | -167.8% |
| EPS (diluted) | $0.08 | $-0.03 |
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 | $12.8M | $9.1M | ||
| Q3 25 | $10.3M | $10.6M | ||
| Q2 25 | $12.7M | $11.4M | ||
| Q1 25 | $12.1M | $7.5M | ||
| Q4 24 | $14.9M | $9.2M | ||
| Q3 24 | $12.6M | $9.3M | ||
| Q2 24 | $13.6M | $10.5M | ||
| Q1 24 | $14.1M | $9.2M |
| Q4 25 | $149.0K | $-460.9K | ||
| Q3 25 | $-44.0K | $-503.4K | ||
| Q2 25 | $-422.0K | $2.0M | ||
| Q1 25 | $-988.0K | $-277.7K | ||
| Q4 24 | $-554.0K | $679.6K | ||
| Q3 24 | $-404.0K | $611.9K | ||
| Q2 24 | $298.0K | $1.3M | ||
| Q1 24 | $-706.0K | $457.2K |
| Q4 25 | 14.3% | 29.4% | ||
| Q3 25 | 22.3% | 23.9% | ||
| Q2 25 | 16.0% | 47.4% | ||
| Q1 25 | 16.8% | 26.1% | ||
| Q4 24 | 16.4% | 29.2% | ||
| Q3 24 | 15.5% | 40.9% | ||
| Q2 24 | 19.5% | 37.4% | ||
| Q1 24 | 13.6% | 30.6% |
| Q4 25 | 0.7% | 11.6% | ||
| Q3 25 | 3.1% | 2.9% | ||
| Q2 25 | 0.1% | 29.0% | ||
| Q1 25 | -6.1% | -0.9% | ||
| Q4 24 | -0.7% | 9.4% | ||
| Q3 24 | 0.5% | 20.5% | ||
| Q2 24 | 5.5% | 18.7% | ||
| Q1 24 | -1.8% | 8.3% |
| Q4 25 | 1.2% | -5.1% | ||
| Q3 25 | -0.4% | -4.8% | ||
| Q2 25 | -3.3% | 17.8% | ||
| Q1 25 | -8.1% | -3.7% | ||
| Q4 24 | -3.7% | 7.4% | ||
| Q3 24 | -3.2% | 6.6% | ||
| Q2 24 | 2.2% | 12.3% | ||
| Q1 24 | -5.0% | 5.0% |
| Q4 25 | $0.08 | $-0.03 | ||
| Q3 25 | $-0.01 | $-0.04 | ||
| Q2 25 | $-0.11 | $0.15 | ||
| Q1 25 | $-0.27 | $-0.02 | ||
| Q4 24 | $-0.16 | $0.05 | ||
| Q3 24 | $-0.12 | $0.05 | ||
| Q2 24 | $0.08 | $0.10 | ||
| Q1 24 | $-0.21 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $5.9M | $4.4M |
| Stockholders' EquityBook value | $19.2M | $38.9M |
| Total Assets | $58.3M | $61.8M |
| Debt / EquityLower = less leverage | 0.30× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $11.0M | ||
| Q4 24 | — | $10.0M | ||
| Q3 24 | $186.0K | $13.0M | ||
| Q2 24 | — | $9.2M | ||
| Q1 24 | $225.0K | $8.3M |
| Q4 25 | $5.9M | $4.4M | ||
| Q3 25 | — | $7.1M | ||
| Q2 25 | $6.4M | $7.5M | ||
| Q1 25 | $6.6M | $8.1M | ||
| Q4 24 | $5.2M | $8.8M | ||
| Q3 24 | $5.4M | $9.4M | ||
| Q2 24 | — | $8.3M | ||
| Q1 24 | $4.9M | $8.0M |
| Q4 25 | $19.2M | $38.9M | ||
| Q3 25 | $18.8M | $39.0M | ||
| Q2 25 | $15.3M | $39.4M | ||
| Q1 25 | $15.3M | $38.4M | ||
| Q4 24 | $14.9M | $38.0M | ||
| Q3 24 | $14.7M | $36.9M | ||
| Q2 24 | $14.9M | $36.2M | ||
| Q1 24 | $14.5M | $36.0M |
| Q4 25 | $58.3M | $61.8M | ||
| Q3 25 | $58.0M | $58.4M | ||
| Q2 25 | $50.4M | $58.2M | ||
| Q1 25 | $48.4M | $61.7M | ||
| Q4 24 | $51.0M | $60.0M | ||
| Q3 24 | $50.4M | $57.8M | ||
| Q2 24 | — | $56.3M | ||
| Q1 24 | $50.3M | $57.6M |
| Q4 25 | 0.30× | 0.11× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | 0.42× | 0.19× | ||
| Q1 25 | 0.43× | 0.21× | ||
| Q4 24 | 0.35× | 0.23× | ||
| Q3 24 | 0.37× | 0.25× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | 0.33× | 0.22× |
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 | $-598.0K | $-3.0M |
| Free Cash FlowOCF − Capex | $-902.0K | $-4.0M |
| FCF MarginFCF / Revenue | -7.0% | -44.3% |
| Capex IntensityCapex / Revenue | 2.4% | 11.7% |
| Cash ConversionOCF / Net Profit | -4.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.7M | $-591.7K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-598.0K | $-3.0M | ||
| Q3 25 | $-2.6M | $2.0M | ||
| Q2 25 | $345.0K | $5.3M | ||
| Q1 25 | $1.5M | $-544.3K | ||
| Q4 24 | $-184.0K | $-2.2M | ||
| Q3 24 | $174.0K | $2.5M | ||
| Q2 24 | $566.0K | $5.9M | ||
| Q1 24 | $-232.0K | $-604.8K |
| Q4 25 | $-902.0K | $-4.0M | ||
| Q3 25 | $-3.5M | $39.4K | ||
| Q2 25 | $-551.0K | $4.3M | ||
| Q1 25 | $308.0K | $-898.4K | ||
| Q4 24 | $-985.0K | $-4.3M | ||
| Q3 24 | $-95.0K | $1.3M | ||
| Q2 24 | $-554.0K | $4.7M | ||
| Q1 24 | $-343.0K | $-1.1M |
| Q4 25 | -7.0% | -44.3% | ||
| Q3 25 | -34.2% | 0.4% | ||
| Q2 25 | -4.4% | 37.9% | ||
| Q1 25 | 2.5% | -12.0% | ||
| Q4 24 | -6.6% | -47.0% | ||
| Q3 24 | -0.8% | 13.6% | ||
| Q2 24 | -4.1% | 44.9% | ||
| Q1 24 | -2.4% | -11.7% |
| Q4 25 | 2.4% | 11.7% | ||
| Q3 25 | 8.8% | 18.7% | ||
| Q2 25 | 7.1% | 8.6% | ||
| Q1 25 | 10.0% | 4.7% | ||
| Q4 24 | 5.4% | 22.8% | ||
| Q3 24 | 2.1% | 13.0% | ||
| Q2 24 | 8.3% | 11.3% | ||
| Q1 24 | 0.8% | 5.2% |
| Q4 25 | -4.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.27× | ||
| Q3 24 | — | 4.05× | ||
| Q2 24 | 1.90× | 4.59× | ||
| Q1 24 | — | -1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIRI
| Military | $7.4M | 58% |
| Other | $5.4M | 42% |
FSI
Segment breakdown not available.
