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Side-by-side financial comparison of AIR INDUSTRIES GROUP (AIRI) and PARK AEROSPACE CORP (PKE). Click either name above to swap in a different company.

PARK AEROSPACE CORP is the larger business by last-quarter revenue ($17.3M vs $12.8M, roughly 1.4× AIR INDUSTRIES GROUP). PARK AEROSPACE CORP runs the higher net margin — 17.0% vs 1.2%, a 15.9% gap on every dollar of revenue. On growth, PARK AEROSPACE CORP posted the faster year-over-year revenue change (20.3% vs -14.1%). PARK AEROSPACE CORP produced more free cash flow last quarter ($4.3M vs $-902.0K). Over the past eight quarters, PARK AEROSPACE CORP's revenue compounded faster (3.0% 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.

Park Electrochemical Corp, now called the Park Aerospace Corp, is a Melville, New York-based materials manufacturer for the telecommunications, Internet infrastructure, high-end computing, and aerospace industries. It produces high-technology digital and radio frequency(RF)/microwave printed circuit material products, composite materials. Its printed circuit materials are used for complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-p...

AIRI vs PKE — Head-to-Head

Bigger by revenue
PKE
PKE
1.4× larger
PKE
$17.3M
$12.8M
AIRI
Growing faster (revenue YoY)
PKE
PKE
+34.4% gap
PKE
20.3%
-14.1%
AIRI
Higher net margin
PKE
PKE
15.9% more per $
PKE
17.0%
1.2%
AIRI
More free cash flow
PKE
PKE
$5.2M more FCF
PKE
$4.3M
$-902.0K
AIRI
Faster 2-yr revenue CAGR
PKE
PKE
Annualised
PKE
3.0%
-4.5%
AIRI

Income Statement — Q4 2025 vs Q3 2026

Metric
AIRI
AIRI
PKE
PKE
Revenue
$12.8M
$17.3M
Net Profit
$149.0K
$3.0M
Gross Margin
14.3%
34.1%
Operating Margin
0.7%
21.0%
Net Margin
1.2%
17.0%
Revenue YoY
-14.1%
20.3%
Net Profit YoY
126.9%
87.1%
EPS (diluted)
$0.08
$0.15

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
PKE
PKE
Q4 25
$12.8M
$17.3M
Q3 25
$10.3M
$16.4M
Q2 25
$12.7M
$15.4M
Q1 25
$12.1M
$16.9M
Q4 24
$14.9M
$14.4M
Q3 24
$12.6M
$16.7M
Q2 24
$13.6M
$14.0M
Q1 24
$14.1M
$16.3M
Net Profit
AIRI
AIRI
PKE
PKE
Q4 25
$149.0K
$3.0M
Q3 25
$-44.0K
$2.4M
Q2 25
$-422.0K
$2.1M
Q1 25
$-988.0K
$1.2M
Q4 24
$-554.0K
$1.6M
Q3 24
$-404.0K
$2.1M
Q2 24
$298.0K
$993.0K
Q1 24
$-706.0K
$2.7M
Gross Margin
AIRI
AIRI
PKE
PKE
Q4 25
14.3%
34.1%
Q3 25
22.3%
31.2%
Q2 25
16.0%
30.6%
Q1 25
16.8%
29.3%
Q4 24
16.4%
26.6%
Q3 24
15.5%
28.5%
Q2 24
19.5%
29.3%
Q1 24
13.6%
27.3%
Operating Margin
AIRI
AIRI
PKE
PKE
Q4 25
0.7%
21.0%
Q3 25
3.1%
17.4%
Q2 25
0.1%
15.7%
Q1 25
-6.1%
16.8%
Q4 24
-0.7%
12.8%
Q3 24
0.5%
15.7%
Q2 24
5.5%
14.9%
Q1 24
-1.8%
15.7%
Net Margin
AIRI
AIRI
PKE
PKE
Q4 25
1.2%
17.0%
Q3 25
-0.4%
14.7%
Q2 25
-3.3%
13.5%
Q1 25
-8.1%
7.4%
Q4 24
-3.7%
10.9%
Q3 24
-3.2%
12.4%
Q2 24
2.2%
7.1%
Q1 24
-5.0%
16.3%
EPS (diluted)
AIRI
AIRI
PKE
PKE
Q4 25
$0.08
$0.15
Q3 25
$-0.01
$0.12
Q2 25
$-0.11
$0.10
Q1 25
$-0.27
$0.06
Q4 24
$-0.16
$0.08
Q3 24
$-0.12
$0.10
Q2 24
$0.08
$0.05
Q1 24
$-0.21
$0.13

Balance Sheet & Financial Strength

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

Metric
AIRI
AIRI
PKE
PKE
Cash + ST InvestmentsLiquidity on hand
$63.6M
Total DebtLower is stronger
$5.9M
Stockholders' EquityBook value
$19.2M
$106.6M
Total Assets
$58.3M
$118.1M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRI
AIRI
PKE
PKE
Q4 25
$63.6M
Q3 25
$61.6M
Q2 25
$65.6M
Q1 25
$68.8M
Q4 24
$70.0M
Q3 24
$186.0K
$72.0M
Q2 24
$74.4M
Q1 24
$225.0K
$77.2M
Total Debt
AIRI
AIRI
PKE
PKE
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
PKE
PKE
Q4 25
$19.2M
$106.6M
Q3 25
$18.8M
$105.8M
Q2 25
$15.3M
$105.0M
Q1 25
$15.3M
$107.2M
Q4 24
$14.9M
$107.4M
Q3 24
$14.7M
$110.3M
Q2 24
$14.9M
$111.7M
Q1 24
$14.5M
$112.9M
Total Assets
AIRI
AIRI
PKE
PKE
Q4 25
$58.3M
$118.1M
Q3 25
$58.0M
$116.4M
Q2 25
$50.4M
$120.7M
Q1 25
$48.4M
$122.1M
Q4 24
$51.0M
$124.2M
Q3 24
$50.4M
$125.1M
Q2 24
$129.4M
Q1 24
$50.3M
$132.3M
Debt / Equity
AIRI
AIRI
PKE
PKE
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
PKE
PKE
Operating Cash FlowLast quarter
$-598.0K
$5.1M
Free Cash FlowOCF − Capex
$-902.0K
$4.3M
FCF MarginFCF / Revenue
-7.0%
24.6%
Capex IntensityCapex / Revenue
2.4%
4.8%
Cash ConversionOCF / Net Profit
-4.01×
1.73×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M
$3.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRI
AIRI
PKE
PKE
Q4 25
$-598.0K
$5.1M
Q3 25
$-2.6M
$-2.1M
Q2 25
$345.0K
$1.6M
Q1 25
$1.5M
$969.0K
Q4 24
$-184.0K
$2.7M
Q3 24
$174.0K
$1.4M
Q2 24
$566.0K
$-423.0K
Q1 24
$-232.0K
$5.3M
Free Cash Flow
AIRI
AIRI
PKE
PKE
Q4 25
$-902.0K
$4.3M
Q3 25
$-3.5M
$-2.3M
Q2 25
$-551.0K
$1.1M
Q1 25
$308.0K
$338.0K
Q4 24
$-985.0K
$2.7M
Q3 24
$-95.0K
$1.3M
Q2 24
$-554.0K
$-435.0K
Q1 24
$-343.0K
$5.1M
FCF Margin
AIRI
AIRI
PKE
PKE
Q4 25
-7.0%
24.6%
Q3 25
-34.2%
-14.0%
Q2 25
-4.4%
7.2%
Q1 25
2.5%
2.0%
Q4 24
-6.6%
18.6%
Q3 24
-0.8%
7.5%
Q2 24
-4.1%
-3.1%
Q1 24
-2.4%
31.4%
Capex Intensity
AIRI
AIRI
PKE
PKE
Q4 25
2.4%
4.8%
Q3 25
8.8%
1.1%
Q2 25
7.1%
3.1%
Q1 25
10.0%
3.7%
Q4 24
5.4%
0.4%
Q3 24
2.1%
1.2%
Q2 24
8.3%
0.1%
Q1 24
0.8%
1.0%
Cash Conversion
AIRI
AIRI
PKE
PKE
Q4 25
-4.01×
1.73×
Q3 25
-0.88×
Q2 25
0.76×
Q1 25
0.78×
Q4 24
1.73×
Q3 24
0.70×
Q2 24
1.90×
-0.43×
Q1 24
1.98×

Financial Flow Comparison

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

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