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Side-by-side financial comparison of Airship AI Holdings, Inc. (AISP) and enCore Energy Corp. (EU). Click either name above to swap in a different company.

enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $6.5M, roughly 1.9× Airship AI Holdings, Inc.). Airship AI Holdings, Inc. runs the higher net margin — 353.6% vs -173.9%, a 527.5% gap on every dollar of revenue.

Airship Industries was a British manufacturers of modern non-rigid airships (blimps) active under that name from 1980 to 1990 and controlled for part of that time by Alan Bond. The first company, Aerospace Developments, was founded in 1970, and a successor, Hybrid Air Vehicles, remains active as of 2022. Airship Industries itself was active between 1980 and 1990.

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

AISP vs EU — Head-to-Head

Bigger by revenue
EU
EU
1.9× larger
EU
$12.4M
$6.5M
AISP
Higher net margin
AISP
AISP
527.5% more per $
AISP
353.6%
-173.9%
EU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AISP
AISP
EU
EU
Revenue
$6.5M
$12.4M
Net Profit
$23.0M
$-21.5M
Gross Margin
51.2%
37.9%
Operating Margin
-9.4%
-135.9%
Net Margin
353.6%
-173.9%
Revenue YoY
102.5%
Net Profit YoY
145.8%
EPS (diluted)
$0.75
$-0.11

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
AISP
AISP
EU
EU
Q4 25
$6.5M
$12.4M
Q3 25
$8.9M
Q2 25
$2.1M
$3.7M
Q1 25
$5.5M
$18.2M
Q4 24
$3.2M
Q3 24
$2.9M
Q2 24
$6.4M
Q1 24
$10.6M
Net Profit
AISP
AISP
EU
EU
Q4 25
$23.0M
$-21.5M
Q3 25
$-4.8M
Q2 25
$-23.8M
$-6.3M
Q1 25
$23.7M
$-24.2M
Q4 24
$-50.2M
Q3 24
$6.2M
Q2 24
$18.5M
Q1 24
$-32.0M
Gross Margin
AISP
AISP
EU
EU
Q4 25
51.2%
37.9%
Q3 25
43.8%
Q2 25
71.4%
30.8%
Q1 25
40.6%
-0.1%
Q4 24
38.6%
Q3 24
75.1%
Q2 24
70.4%
Q1 24
24.9%
Operating Margin
AISP
AISP
EU
EU
Q4 25
-9.4%
-135.9%
Q3 25
-158.2%
Q2 25
-94.2%
-526.1%
Q1 25
-31.2%
-85.7%
Q4 24
-46.5%
Q3 24
-55.4%
Q2 24
15.3%
Q1 24
-13.3%
Net Margin
AISP
AISP
EU
EU
Q4 25
353.6%
-173.9%
Q3 25
-53.7%
Q2 25
-1106.6%
-172.7%
Q1 25
430.8%
-132.9%
Q4 24
-1564.8%
Q3 24
216.7%
Q2 24
288.4%
Q1 24
-302.3%
EPS (diluted)
AISP
AISP
EU
EU
Q4 25
$0.75
$-0.11
Q3 25
$-0.03
Q2 25
$-0.75
$-0.03
Q1 25
$0.61
$-0.13
Q4 24
$-1.72
Q3 24
$0.17
Q2 24
$0.61
Q1 24
$-1.40

Balance Sheet & Financial Strength

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

Metric
AISP
AISP
EU
EU
Cash + ST InvestmentsLiquidity on hand
$11.8M
$52.4M
Total DebtLower is stronger
$110.0M
Stockholders' EquityBook value
$-7.1M
$229.2M
Total Assets
$19.5M
$430.4M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AISP
AISP
EU
EU
Q4 25
$11.8M
$52.4M
Q3 25
$91.9M
Q2 25
$6.3M
$26.9M
Q1 25
$8.8M
$29.7M
Q4 24
$11.4M
Q3 24
$6.5M
Q2 24
$226.8K
Q1 24
$1.7M
Total Debt
AISP
AISP
EU
EU
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AISP
AISP
EU
EU
Q4 25
$-7.1M
$229.2M
Q3 25
$248.6M
Q2 25
$-46.9M
$264.7M
Q1 25
$-23.5M
$267.9M
Q4 24
$-53.0M
Q3 24
$-12.9M
Q2 24
$-28.0M
Q1 24
$-48.1M
Total Assets
AISP
AISP
EU
EU
Q4 25
$19.5M
$430.4M
Q3 25
$441.9M
Q2 25
$10.1M
$359.4M
Q1 25
$12.9M
$362.6M
Q4 24
$13.7M
Q3 24
$9.1M
Q2 24
$5.3M
Q1 24
$4.7M
Debt / Equity
AISP
AISP
EU
EU
Q4 25
0.48×
Q3 25
0.44×
Q2 25
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
AISP
AISP
EU
EU
Operating Cash FlowLast quarter
$-3.5M
$12.9M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
46.7%
Cash ConversionOCF / Net Profit
-0.15×
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AISP
AISP
EU
EU
Q4 25
$-3.5M
$12.9M
Q3 25
$-20.3M
Q2 25
$-1.8M
$-9.9M
Q1 25
$-2.1M
$-7.7M
Q4 24
$-2.1M
Q3 24
$-251.4K
Q2 24
$-2.5M
Q1 24
$-1.7M
Free Cash Flow
AISP
AISP
EU
EU
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-11.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
AISP
AISP
EU
EU
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-64.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
AISP
AISP
EU
EU
Q4 25
46.7%
Q3 25
68.0%
Q2 25
115.1%
Q1 25
21.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
AISP
AISP
EU
EU
Q4 25
-0.15×
Q3 25
Q2 25
Q1 25
-0.09×
Q4 24
Q3 24
-0.04×
Q2 24
-0.13×
Q1 24

Financial Flow Comparison

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

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