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

Axil Brands, Inc. is the larger business by last-quarter revenue ($8.1M vs $6.3M, roughly 1.3× AIRO Group Holdings, Inc.). Axil Brands, Inc. runs the higher net margin — 8.7% vs -126.7%, a 135.4% gap on every dollar of revenue. Axil Brands, Inc. produced more free cash flow last quarter ($906.4K vs $-6.7M).

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.

Axil Brands, Inc. is a U.S.-headquartered company that designs, manufactures and markets premium hearing protection products, audio enhancement devices and personal audio accessories. Its offerings include custom-fit earplugs, Bluetooth-enabled hearing buds for work, sports and leisure use, serving both consumer and professional segments across global markets.

AIRO vs AXIL — Head-to-Head

Bigger by revenue
AXIL
AXIL
1.3× larger
AXIL
$8.1M
$6.3M
AIRO
Higher net margin
AXIL
AXIL
135.4% more per $
AXIL
8.7%
-126.7%
AIRO
More free cash flow
AXIL
AXIL
$7.6M more FCF
AXIL
$906.4K
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
AIRO
AIRO
AXIL
AXIL
Revenue
$6.3M
$8.1M
Net Profit
$-8.0M
$704.9K
Gross Margin
44.4%
68.1%
Operating Margin
-190.7%
11.1%
Net Margin
-126.7%
8.7%
Revenue YoY
5.2%
Net Profit YoY
11.2%
EPS (diluted)
$-0.28
$0.09

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
AXIL
AXIL
Q4 25
$8.1M
Q3 25
$6.3M
$6.9M
Q2 25
$24.6M
$5.8M
Q1 25
$6.9M
Q4 24
$7.7M
Q3 24
$5.9M
Q2 24
$6.5M
Q1 24
$6.5M
Net Profit
AIRO
AIRO
AXIL
AXIL
Q4 25
$704.9K
Q3 25
$-8.0M
$334.3K
Q2 25
$5.9M
$-245.6K
Q1 25
$576.7K
Q4 24
$633.7K
Q3 24
$-109.8K
Q2 24
$49.5K
Q1 24
$781.1K
Gross Margin
AIRO
AIRO
AXIL
AXIL
Q4 25
68.1%
Q3 25
44.4%
67.6%
Q2 25
61.2%
70.0%
Q1 25
71.7%
Q4 24
71.1%
Q3 24
71.0%
Q2 24
71.5%
Q1 24
71.5%
Operating Margin
AIRO
AIRO
AXIL
AXIL
Q4 25
11.1%
Q3 25
-190.7%
6.0%
Q2 25
-80.2%
0.8%
Q1 25
8.4%
Q4 24
8.7%
Q3 24
-2.4%
Q2 24
2.6%
Q1 24
-1.6%
Net Margin
AIRO
AIRO
AXIL
AXIL
Q4 25
8.7%
Q3 25
-126.7%
4.9%
Q2 25
23.9%
-4.3%
Q1 25
8.3%
Q4 24
8.2%
Q3 24
-1.9%
Q2 24
0.8%
Q1 24
12.1%
EPS (diluted)
AIRO
AIRO
AXIL
AXIL
Q4 25
$0.09
Q3 25
$-0.28
$0.04
Q2 25
$0.30
$-0.03
Q1 25
$0.07
Q4 24
$0.08
Q3 24
$-0.02
Q2 24
$0.11
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
AXIL
AXIL
Cash + ST InvestmentsLiquidity on hand
$5.0M
Total DebtLower is stronger
$5.1M
$138.3K
Stockholders' EquityBook value
$739.5M
$11.1M
Total Assets
$774.6M
$16.2M
Debt / EquityLower = less leverage
0.01×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
AXIL
AXIL
Q4 25
$5.0M
Q3 25
$4.1M
Q2 25
$4.8M
Q1 25
$4.7M
Q4 24
$5.2M
Q3 24
$4.1M
Q2 24
$3.3M
Q1 24
$4.9M
Total Debt
AIRO
AIRO
AXIL
AXIL
Q4 25
$138.3K
Q3 25
$5.1M
$139.2K
Q2 25
$8.9M
$140.2K
Q1 25
$141.0K
Q4 24
$143.3K
Q3 24
$144.3K
Q2 24
$146.6K
Q1 24
Stockholders' Equity
AIRO
AIRO
AXIL
AXIL
Q4 25
$11.1M
Q3 25
$739.5M
$10.2M
Q2 25
$679.6M
$9.7M
Q1 25
$9.7M
Q4 24
$8.8M
Q3 24
$7.9M
Q2 24
$7.7M
Q1 24
$8.8M
Total Assets
AIRO
AIRO
AXIL
AXIL
Q4 25
$16.2M
Q3 25
$774.6M
$15.4M
Q2 25
$747.8M
$12.9M
Q1 25
$13.0M
Q4 24
$13.7M
Q3 24
$11.4M
Q2 24
$11.0M
Q1 24
$12.7M
Debt / Equity
AIRO
AIRO
AXIL
AXIL
Q4 25
0.01×
Q3 25
0.01×
0.01×
Q2 25
0.01×
0.01×
Q1 25
0.01×
Q4 24
0.02×
Q3 24
0.02×
Q2 24
0.02×
Q1 24

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
AXIL
AXIL
Operating Cash FlowLast quarter
$-5.8M
$934.8K
Free Cash FlowOCF − Capex
$-6.7M
$906.4K
FCF MarginFCF / Revenue
-106.7%
11.1%
Capex IntensityCapex / Revenue
15.0%
0.3%
Cash ConversionOCF / Net Profit
1.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
AXIL
AXIL
Q4 25
$934.8K
Q3 25
$-5.8M
$-739.2K
Q2 25
$-30.8M
$194.4K
Q1 25
$-169.9K
Q4 24
$1.0M
Q3 24
$897.3K
Q2 24
$-336.6K
Q1 24
$-912.8K
Free Cash Flow
AIRO
AIRO
AXIL
AXIL
Q4 25
$906.4K
Q3 25
$-6.7M
$-747.6K
Q2 25
$-31.8M
Q1 25
$-258.2K
Q4 24
$941.1K
Q3 24
Q2 24
$-394.9K
Q1 24
$-922.1K
FCF Margin
AIRO
AIRO
AXIL
AXIL
Q4 25
11.1%
Q3 25
-106.7%
-10.9%
Q2 25
-129.6%
Q1 25
-3.7%
Q4 24
12.2%
Q3 24
Q2 24
-6.1%
Q1 24
-14.3%
Capex Intensity
AIRO
AIRO
AXIL
AXIL
Q4 25
0.3%
Q3 25
15.0%
0.1%
Q2 25
4.3%
Q1 25
1.3%
Q4 24
0.9%
Q3 24
Q2 24
0.9%
Q1 24
0.1%
Cash Conversion
AIRO
AIRO
AXIL
AXIL
Q4 25
1.33×
Q3 25
-2.21×
Q2 25
-5.24×
Q1 25
-0.29×
Q4 24
1.59×
Q3 24
Q2 24
-6.80×
Q1 24
-1.17×

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%

AXIL
AXIL

Hearing Enhancement And Protection$7.8M95%
Other$378.9K5%

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