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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and Canterbury Park Holding Corp (CPHC). Click either name above to swap in a different company.

Canterbury Park Holding Corp is the larger business by last-quarter revenue ($12.4M vs $6.3M, roughly 2.0× AIRO Group Holdings, Inc.). Canterbury Park Holding Corp runs the higher net margin — -3.1% vs -126.7%, a 123.6% gap on every dollar of revenue. Canterbury Park Holding Corp produced more free cash flow last quarter ($-611.3K 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.

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

AIRO vs CPHC — Head-to-Head

Bigger by revenue
CPHC
CPHC
2.0× larger
CPHC
$12.4M
$6.3M
AIRO
Higher net margin
CPHC
CPHC
123.6% more per $
CPHC
-3.1%
-126.7%
AIRO
More free cash flow
CPHC
CPHC
$6.1M more FCF
CPHC
$-611.3K
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AIRO
AIRO
CPHC
CPHC
Revenue
$6.3M
$12.4M
Net Profit
$-8.0M
$-390.1K
Gross Margin
44.4%
Operating Margin
-190.7%
2.6%
Net Margin
-126.7%
-3.1%
Revenue YoY
3.9%
Net Profit YoY
68.7%
EPS (diluted)
$-0.28
$-0.08

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
CPHC
CPHC
Q4 25
$12.4M
Q3 25
$6.3M
$18.3M
Q2 25
$24.6M
$15.7M
Q1 25
$13.1M
Q4 24
$12.0M
Q3 24
$19.3M
Q2 24
$16.2M
Q1 24
$14.1M
Net Profit
AIRO
AIRO
CPHC
CPHC
Q4 25
$-390.1K
Q3 25
$-8.0M
$487.3K
Q2 25
$5.9M
$-327.4K
Q1 25
$-299.2K
Q4 24
$-1.2M
Q3 24
$2.0M
Q2 24
$338.3K
Q1 24
$998.2K
Gross Margin
AIRO
AIRO
CPHC
CPHC
Q4 25
Q3 25
44.4%
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AIRO
AIRO
CPHC
CPHC
Q4 25
2.6%
Q3 25
-190.7%
5.7%
Q2 25
-80.2%
2.8%
Q1 25
4.9%
Q4 24
-0.8%
Q3 24
18.9%
Q2 24
6.9%
Q1 24
12.5%
Net Margin
AIRO
AIRO
CPHC
CPHC
Q4 25
-3.1%
Q3 25
-126.7%
2.7%
Q2 25
23.9%
-2.1%
Q1 25
-2.3%
Q4 24
-10.4%
Q3 24
10.5%
Q2 24
2.1%
Q1 24
7.1%
EPS (diluted)
AIRO
AIRO
CPHC
CPHC
Q4 25
$-0.08
Q3 25
$-0.28
$0.10
Q2 25
$0.30
$-0.06
Q1 25
$-0.06
Q4 24
$-0.25
Q3 24
$0.40
Q2 24
$0.07
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
CPHC
CPHC
Cash + ST InvestmentsLiquidity on hand
$17.1M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$83.9M
Total Assets
$774.6M
$112.6M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
CPHC
CPHC
Q4 25
$17.1M
Q3 25
$16.7M
Q2 25
$16.9M
Q1 25
$15.4M
Q4 24
$15.1M
Q3 24
$21.7M
Q2 24
$23.8M
Q1 24
$25.2M
Total Debt
AIRO
AIRO
CPHC
CPHC
Q4 25
Q3 25
$5.1M
Q2 25
$8.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRO
AIRO
CPHC
CPHC
Q4 25
$83.9M
Q3 25
$739.5M
$84.1M
Q2 25
$679.6M
$83.6M
Q1 25
$83.7M
Q4 24
$84.1M
Q3 24
$85.2M
Q2 24
$83.2M
Q1 24
$82.7M
Total Assets
AIRO
AIRO
CPHC
CPHC
Q4 25
$112.6M
Q3 25
$774.6M
$114.4M
Q2 25
$747.8M
$114.9M
Q1 25
$112.4M
Q4 24
$109.9M
Q3 24
$114.2M
Q2 24
$111.4M
Q1 24
$105.6M
Debt / Equity
AIRO
AIRO
CPHC
CPHC
Q4 25
Q3 25
0.01×
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
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
CPHC
CPHC
Operating Cash FlowLast quarter
$-5.8M
$-103.4K
Free Cash FlowOCF − Capex
$-6.7M
$-611.3K
FCF MarginFCF / Revenue
-106.7%
-4.9%
Capex IntensityCapex / Revenue
15.0%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
CPHC
CPHC
Q4 25
$-103.4K
Q3 25
$-5.8M
$1.2M
Q2 25
$-30.8M
$4.4M
Q1 25
$3.4M
Q4 24
$-2.8M
Q3 24
$2.3M
Q2 24
$5.4M
Q1 24
$1.6M
Free Cash Flow
AIRO
AIRO
CPHC
CPHC
Q4 25
$-611.3K
Q3 25
$-6.7M
$-395.3K
Q2 25
$-31.8M
$3.2M
Q1 25
$2.5M
Q4 24
$-6.7M
Q3 24
$-25
Q2 24
$1.8M
Q1 24
$-601.0K
FCF Margin
AIRO
AIRO
CPHC
CPHC
Q4 25
-4.9%
Q3 25
-106.7%
-2.2%
Q2 25
-129.6%
20.5%
Q1 25
19.1%
Q4 24
-55.9%
Q3 24
-0.0%
Q2 24
11.1%
Q1 24
-4.3%
Capex Intensity
AIRO
AIRO
CPHC
CPHC
Q4 25
4.1%
Q3 25
15.0%
9.0%
Q2 25
4.3%
7.5%
Q1 25
6.5%
Q4 24
32.6%
Q3 24
11.8%
Q2 24
22.2%
Q1 24
15.7%
Cash Conversion
AIRO
AIRO
CPHC
CPHC
Q4 25
Q3 25
2.56×
Q2 25
-5.24×
Q1 25
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

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%

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

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