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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and MAUI LAND & PINEAPPLE CO INC (MLP). 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 $4.5M, roughly 1.4× MAUI LAND & PINEAPPLE CO INC). MAUI LAND & PINEAPPLE CO INC produced more free cash flow last quarter ($-484.0K 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.

Maui Land & Pineapple Company, Inc. is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii, United States. It owns approximately 24,300 acres (100 km2) on the island of Maui. It develops, sells, and manages residential, resort, commercial and industrial real estate; and operates retail and utility operations at the Kapalua Resort. ML&P also owns and manages the 8,304-acre (33.61 km2) Puʻu Kukui Watershed Preserve, one of the largest private nature preserves in th...

AIRO vs MLP — Head-to-Head

Bigger by revenue
AIRO
AIRO
1.4× larger
AIRO
$6.3M
$4.5M
MLP
More free cash flow
MLP
MLP
$6.2M more FCF
MLP
$-484.0K
$-6.7M
AIRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AIRO
AIRO
MLP
MLP
Revenue
$6.3M
$4.5M
Net Profit
$-8.0M
Gross Margin
44.4%
Operating Margin
-190.7%
-37.5%
Net Margin
-126.7%
Revenue YoY
32.8%
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
MLP
MLP
Q4 25
$4.5M
Q3 25
$6.3M
$4.5M
Q2 25
$24.6M
$4.6M
Q1 25
$5.8M
Q4 24
$3.4M
Q3 24
$3.0M
Q2 24
$2.6M
Q1 24
$2.5M
Net Profit
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
$-8.0M
$240.0K
Q2 25
$5.9M
$-999.0K
Q1 25
$-8.6M
Q4 24
Q3 24
$-2.2M
Q2 24
$-1.9M
Q1 24
$-1.4M
Gross Margin
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
44.4%
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AIRO
AIRO
MLP
MLP
Q4 25
-37.5%
Q3 25
-190.7%
-8.0%
Q2 25
-80.2%
-15.4%
Q1 25
-30.7%
Q4 24
-54.0%
Q3 24
-73.7%
Q2 24
-71.1%
Q1 24
-56.3%
Net Margin
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
-126.7%
5.3%
Q2 25
23.9%
-21.7%
Q1 25
-148.9%
Q4 24
Q3 24
-73.9%
Q2 24
-70.8%
Q1 24
-55.4%
EPS (diluted)
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
$-0.28
Q2 25
$0.30
Q1 25
Q4 24
Q3 24
$-0.11
Q2 24
$-0.09
Q1 24

Balance Sheet & Financial Strength

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

Metric
AIRO
AIRO
MLP
MLP
Cash + ST InvestmentsLiquidity on hand
$5.3M
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$33.1M
Total Assets
$774.6M
$48.0M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
MLP
MLP
Q4 25
$5.3M
Q3 25
$4.9M
Q2 25
$6.5M
Q1 25
$7.9M
Q4 24
$6.8M
Q3 24
$6.1M
Q2 24
$3.7M
Q1 24
$5.4M
Total Debt
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
$5.1M
Q2 25
$8.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AIRO
AIRO
MLP
MLP
Q4 25
$33.1M
Q3 25
$739.5M
$33.7M
Q2 25
$679.6M
$26.3M
Q1 25
$26.7M
Q4 24
$33.2M
Q3 24
$34.0M
Q2 24
$34.2M
Q1 24
$34.6M
Total Assets
AIRO
AIRO
MLP
MLP
Q4 25
$48.0M
Q3 25
$774.6M
$45.8M
Q2 25
$747.8M
$45.7M
Q1 25
$47.2M
Q4 24
$50.1M
Q3 24
$45.9M
Q2 24
$41.9M
Q1 24
$42.1M
Debt / Equity
AIRO
AIRO
MLP
MLP
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
MLP
MLP
Operating Cash FlowLast quarter
$-5.8M
$2.1M
Free Cash FlowOCF − Capex
$-6.7M
$-484.0K
FCF MarginFCF / Revenue
-106.7%
-10.7%
Capex IntensityCapex / Revenue
15.0%
56.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
MLP
MLP
Q4 25
$2.1M
Q3 25
$-5.8M
$-932.0K
Q2 25
$-30.8M
$-871.0K
Q1 25
$157.0K
Q4 24
$370.0K
Q3 24
$690.0K
Q2 24
$-533.0K
Q1 24
$-10.0K
Free Cash Flow
AIRO
AIRO
MLP
MLP
Q4 25
$-484.0K
Q3 25
$-6.7M
Q2 25
$-31.8M
Q1 25
Q4 24
$-1.5M
Q3 24
Q2 24
Q1 24
FCF Margin
AIRO
AIRO
MLP
MLP
Q4 25
-10.7%
Q3 25
-106.7%
Q2 25
-129.6%
Q1 25
Q4 24
-44.0%
Q3 24
Q2 24
Q1 24
Capex Intensity
AIRO
AIRO
MLP
MLP
Q4 25
56.5%
Q3 25
15.0%
Q2 25
4.3%
Q1 25
Q4 24
54.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
AIRO
AIRO
MLP
MLP
Q4 25
Q3 25
-3.88×
Q2 25
-5.24×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 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%

MLP
MLP

Segment breakdown not available.

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