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Side-by-side financial comparison of AIR INDUSTRIES GROUP (AIRI) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

AIR INDUSTRIES GROUP is the larger business by last-quarter revenue ($12.8M vs $10.6M, roughly 1.2× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs 1.2%, a 720.5% gap on every dollar of revenue. On growth, Rent the Runway, Inc. posted the faster year-over-year revenue change (10.4% vs -14.1%). Over the past eight quarters, Rent the Runway, Inc.'s revenue compounded faster (1.0% 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.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

AIRI vs RENT — Head-to-Head

Bigger by revenue
AIRI
AIRI
1.2× larger
AIRI
$12.8M
$10.6M
RENT
Growing faster (revenue YoY)
RENT
RENT
+24.5% gap
RENT
10.4%
-14.1%
AIRI
Higher net margin
RENT
RENT
720.5% more per $
RENT
721.7%
1.2%
AIRI
Faster 2-yr revenue CAGR
RENT
RENT
Annualised
RENT
1.0%
-4.5%
AIRI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AIRI
AIRI
RENT
RENT
Revenue
$12.8M
$10.6M
Net Profit
$149.0K
$76.5M
Gross Margin
14.3%
-126.4%
Operating Margin
0.7%
-152.8%
Net Margin
1.2%
721.7%
Revenue YoY
-14.1%
10.4%
Net Profit YoY
126.9%
504.8%
EPS (diluted)
$0.08
$13.65

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
RENT
RENT
Q4 25
$12.8M
$10.6M
Q3 25
$10.3M
$11.7M
Q2 25
$12.7M
$7.6M
Q1 25
$12.1M
$11.8M
Q4 24
$14.9M
$9.6M
Q3 24
$12.6M
$10.4M
Q2 24
$13.6M
$8.9M
Q1 24
$14.1M
$10.4M
Net Profit
AIRI
AIRI
RENT
RENT
Q4 25
$149.0K
$76.5M
Q3 25
$-44.0K
$-26.4M
Q2 25
$-422.0K
$-26.1M
Q1 25
$-988.0K
$-13.4M
Q4 24
$-554.0K
$-18.9M
Q3 24
$-404.0K
$-15.6M
Q2 24
$298.0K
$-22.0M
Q1 24
$-706.0K
$-24.8M
Gross Margin
AIRI
AIRI
RENT
RENT
Q4 25
14.3%
-126.4%
Q3 25
22.3%
-92.3%
Q2 25
16.0%
-168.4%
Q1 25
16.8%
-71.2%
Q4 24
16.4%
-122.9%
Q3 24
15.5%
-98.1%
Q2 24
19.5%
-131.5%
Q1 24
13.6%
-93.3%
Operating Margin
AIRI
AIRI
RENT
RENT
Q4 25
0.7%
-152.8%
Q3 25
3.1%
-171.8%
Q2 25
0.1%
-259.2%
Q1 25
-6.1%
-65.3%
Q4 24
-0.7%
-142.7%
Q3 24
0.5%
-92.3%
Q2 24
5.5%
-185.4%
Q1 24
-1.8%
-185.6%
Net Margin
AIRI
AIRI
RENT
RENT
Q4 25
1.2%
721.7%
Q3 25
-0.4%
-225.6%
Q2 25
-3.3%
-343.4%
Q1 25
-8.1%
-113.6%
Q4 24
-3.7%
-196.9%
Q3 24
-3.2%
-150.0%
Q2 24
2.2%
-247.2%
Q1 24
-5.0%
-238.5%
EPS (diluted)
AIRI
AIRI
RENT
RENT
Q4 25
$0.08
$13.65
Q3 25
$-0.01
$-6.55
Q2 25
$-0.11
$-6.58
Q1 25
$-0.27
$-2.72
Q4 24
$-0.16
$-4.70
Q3 24
$-0.12
$-4.17
Q2 24
$0.08
$-6.03
Q1 24
$-0.21
$-5.36

Balance Sheet & Financial Strength

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

Metric
AIRI
AIRI
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$50.7M
Total DebtLower is stronger
$5.9M
Stockholders' EquityBook value
$19.2M
$-35.1M
Total Assets
$58.3M
$231.0M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRI
AIRI
RENT
RENT
Q4 25
$50.7M
Q3 25
$43.6M
Q2 25
$70.4M
Q1 25
$77.4M
Q4 24
$74.1M
Q3 24
$186.0K
$76.6M
Q2 24
$82.0M
Q1 24
$225.0K
$84.0M
Total Debt
AIRI
AIRI
RENT
RENT
Q4 25
$5.9M
Q3 25
Q2 25
$6.4M
$340.6M
Q1 25
$6.6M
$333.7M
Q4 24
$5.2M
Q3 24
$5.4M
Q2 24
Q1 24
$4.9M
Stockholders' Equity
AIRI
AIRI
RENT
RENT
Q4 25
$19.2M
$-35.1M
Q3 25
$18.8M
$-232.1M
Q2 25
$15.3M
$-207.1M
Q1 25
$15.3M
$-182.5M
Q4 24
$14.9M
$-171.2M
Q3 24
$14.7M
$-154.5M
Q2 24
$14.9M
$-141.3M
Q1 24
$14.5M
$-122.3M
Total Assets
AIRI
AIRI
RENT
RENT
Q4 25
$58.3M
$231.0M
Q3 25
$58.0M
$219.0M
Q2 25
$50.4M
$245.3M
Q1 25
$48.4M
$240.0M
Q4 24
$51.0M
$251.6M
Q3 24
$50.4M
$257.4M
Q2 24
$278.4M
Q1 24
$50.3M
$278.5M
Debt / Equity
AIRI
AIRI
RENT
RENT
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
RENT
RENT
Operating Cash FlowLast quarter
$-598.0K
$-1.4M
Free Cash FlowOCF − Capex
$-902.0K
FCF MarginFCF / Revenue
-7.0%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-4.01×
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRI
AIRI
RENT
RENT
Q4 25
$-598.0K
$-1.4M
Q3 25
$-2.6M
$-10.5M
Q2 25
$345.0K
$8.3M
Q1 25
$1.5M
$1.4M
Q4 24
$-184.0K
$4.7M
Q3 24
$174.0K
$2.2M
Q2 24
$566.0K
$4.6M
Q1 24
$-232.0K
$-8.0M
Free Cash Flow
AIRI
AIRI
RENT
RENT
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
RENT
RENT
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
RENT
RENT
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
RENT
RENT
Q4 25
-4.01×
-0.02×
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%

RENT
RENT

Segment breakdown not available.

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