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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and Lake Shore Bancorp, Inc. (LSBK). Click either name above to swap in a different company.

Lake Shore Bancorp, Inc. is the larger business by last-quarter revenue ($7.4M vs $6.3M, roughly 1.2× AIRO Group Holdings, Inc.). Lake Shore Bancorp, Inc. runs the higher net margin — 31.8% vs -126.7%, a 158.5% gap on every dollar of revenue. Lake Shore Bancorp, Inc. produced more free cash flow last quarter ($3.3M 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.

Lake Shore Bancorp, Inc. (Maryland) is a U.S. regional bank holding company that operates via its banking subsidiary, offering retail and commercial banking services including deposits, loans, mortgages and wealth management, primarily serving individuals and SMEs across local communities in Maryland.

AIRO vs LSBK — Head-to-Head

Bigger by revenue
LSBK
LSBK
1.2× larger
LSBK
$7.4M
$6.3M
AIRO
Higher net margin
LSBK
LSBK
158.5% more per $
LSBK
31.8%
-126.7%
AIRO
More free cash flow
LSBK
LSBK
$10.0M more FCF
LSBK
$3.3M
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AIRO
AIRO
LSBK
LSBK
Revenue
$6.3M
$7.4M
Net Profit
$-8.0M
$2.4M
Gross Margin
44.4%
Operating Margin
-190.7%
38.4%
Net Margin
-126.7%
31.8%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.28
$0.32

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
LSBK
LSBK
Q3 25
$6.3M
$7.4M
Q2 25
$24.6M
$6.9M
Net Profit
AIRO
AIRO
LSBK
LSBK
Q3 25
$-8.0M
$2.4M
Q2 25
$5.9M
$1.9M
Gross Margin
AIRO
AIRO
LSBK
LSBK
Q3 25
44.4%
Q2 25
61.2%
Operating Margin
AIRO
AIRO
LSBK
LSBK
Q3 25
-190.7%
38.4%
Q2 25
-80.2%
33.2%
Net Margin
AIRO
AIRO
LSBK
LSBK
Q3 25
-126.7%
31.8%
Q2 25
23.9%
27.7%
EPS (diluted)
AIRO
AIRO
LSBK
LSBK
Q3 25
$-0.28
$0.32
Q2 25
$0.30
$0.34

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
LSBK
LSBK
Cash + ST InvestmentsLiquidity on hand
$83.6M
Total DebtLower is stronger
$5.1M
$2.0M
Stockholders' EquityBook value
$739.5M
$139.3M
Total Assets
$774.6M
$742.8M
Debt / EquityLower = less leverage
0.01×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
LSBK
LSBK
Q3 25
$83.6M
Q2 25
$75.4M
Total Debt
AIRO
AIRO
LSBK
LSBK
Q3 25
$5.1M
$2.0M
Q2 25
$8.9M
$2.0M
Stockholders' Equity
AIRO
AIRO
LSBK
LSBK
Q3 25
$739.5M
$139.3M
Q2 25
$679.6M
$92.9M
Total Assets
AIRO
AIRO
LSBK
LSBK
Q3 25
$774.6M
$742.8M
Q2 25
$747.8M
$734.8M
Debt / Equity
AIRO
AIRO
LSBK
LSBK
Q3 25
0.01×
0.01×
Q2 25
0.01×
0.02×

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
LSBK
LSBK
Operating Cash FlowLast quarter
$-5.8M
$3.3M
Free Cash FlowOCF − Capex
$-6.7M
$3.3M
FCF MarginFCF / Revenue
-106.7%
44.4%
Capex IntensityCapex / Revenue
15.0%
0.6%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
LSBK
LSBK
Q3 25
$-5.8M
$3.3M
Q2 25
$-30.8M
$2.5M
Free Cash Flow
AIRO
AIRO
LSBK
LSBK
Q3 25
$-6.7M
$3.3M
Q2 25
$-31.8M
$2.0M
FCF Margin
AIRO
AIRO
LSBK
LSBK
Q3 25
-106.7%
44.4%
Q2 25
-129.6%
28.5%
Capex Intensity
AIRO
AIRO
LSBK
LSBK
Q3 25
15.0%
0.6%
Q2 25
4.3%
7.7%
Cash Conversion
AIRO
AIRO
LSBK
LSBK
Q3 25
1.42×
Q2 25
-5.24×
1.31×

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%

LSBK
LSBK

Segment breakdown not available.

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