vs

Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and Almonty Industries Inc. (ALM). Click either name above to swap in a different company.

AIRO Group Holdings, Inc. is the larger business by last-quarter revenue ($6.3M vs $6.3M, roughly 1.0× Almonty Industries Inc.). Almonty Industries Inc. runs the higher net margin — -86.1% vs -126.7%, a 40.7% gap on every dollar of revenue.

Airo Aviation FZ-LLC was an Emirati aircraft manufacturer based in the Ras Al Khaimah Free Trade Zone. The company specialized in the manufacture of ultralight aircraft in the form of ready-to-fly aircraft for the European Fédération Aéronautique Internationale microlight category.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

AIRO vs ALM — Head-to-Head

Bigger by revenue
AIRO
AIRO
1.0× larger
AIRO
$6.3M
$6.3M
ALM
Higher net margin
ALM
ALM
40.7% more per $
ALM
-86.1%
-126.7%
AIRO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AIRO
AIRO
ALM
ALM
Revenue
$6.3M
$6.3M
Net Profit
$-8.0M
$-5.4M
Gross Margin
44.4%
Operating Margin
-190.7%
Net Margin
-126.7%
-86.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.28

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
AIRO
AIRO
ALM
ALM
Q3 25
$6.3M
$6.3M
Q2 25
$24.6M
$7.2M
Net Profit
AIRO
AIRO
ALM
ALM
Q3 25
$-8.0M
$-5.4M
Q2 25
$5.9M
$-58.2M
Gross Margin
AIRO
AIRO
ALM
ALM
Q3 25
44.4%
Q2 25
61.2%
Operating Margin
AIRO
AIRO
ALM
ALM
Q3 25
-190.7%
Q2 25
-80.2%
Net Margin
AIRO
AIRO
ALM
ALM
Q3 25
-126.7%
-86.1%
Q2 25
23.9%
-809.4%
EPS (diluted)
AIRO
AIRO
ALM
ALM
Q3 25
$-0.28
Q2 25
$0.30

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
ALM
ALM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
Total Assets
$774.6M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Total Debt
AIRO
AIRO
ALM
ALM
Q3 25
$5.1M
Q2 25
$8.9M
Stockholders' Equity
AIRO
AIRO
ALM
ALM
Q3 25
$739.5M
Q2 25
$679.6M
Total Assets
AIRO
AIRO
ALM
ALM
Q3 25
$774.6M
Q2 25
$747.8M
Debt / Equity
AIRO
AIRO
ALM
ALM
Q3 25
0.01×
Q2 25
0.01×

Cash Flow & Capital Efficiency

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

Metric
AIRO
AIRO
ALM
ALM
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
$-6.7M
FCF MarginFCF / Revenue
-106.7%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
ALM
ALM
Q3 25
$-5.8M
Q2 25
$-30.8M
Free Cash Flow
AIRO
AIRO
ALM
ALM
Q3 25
$-6.7M
Q2 25
$-31.8M
FCF Margin
AIRO
AIRO
ALM
ALM
Q3 25
-106.7%
Q2 25
-129.6%
Capex Intensity
AIRO
AIRO
ALM
ALM
Q3 25
15.0%
Q2 25
4.3%
Cash Conversion
AIRO
AIRO
ALM
ALM
Q3 25
Q2 25
-5.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AIRO
AIRO

Transferred At Point In Time$4.5M71%
Transferred Over Time$1.8M29%

ALM
ALM

Segment breakdown not available.

Related Comparisons