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Side-by-side financial comparison of ARROW FINANCIAL CORP (AROW) and AMTECH SYSTEMS INC (ASYS). Click either name above to swap in a different company.

ARROW FINANCIAL CORP is the larger business by last-quarter revenue ($35.0M vs $19.0M, roughly 1.8× AMTECH SYSTEMS INC). ARROW FINANCIAL CORP runs the higher net margin — 24.6% vs 0.6%, a 24.0% gap on every dollar of revenue. On growth, ARROW FINANCIAL CORP posted the faster year-over-year revenue change (7.1% vs -22.2%). ARROW FINANCIAL CORP produced more free cash flow last quarter ($7.5M vs $3.8M). Over the past eight quarters, ARROW FINANCIAL CORP's revenue compounded faster (6.4% CAGR vs -13.6%).

Flagstar Bank, N.A. (FLG), is an American regional financial services holding company headquartered in Hicksville, New York. In 2023, the bank operated 395 branches However, they rebranded all of these under the Flagstar name on February 21, 2024.

Amtech Systems Inc is a global manufacturer of advanced thermal processing and automation equipment primarily serving the semiconductor, solar photovoltaic, and LED production sectors. Its product portfolio includes soldering, diffusion, and deposition systems, with key markets spanning North America, East Asia, and Western Europe, catering to leading electronic component and clean energy manufacturing clients.

AROW vs ASYS — Head-to-Head

Bigger by revenue
AROW
AROW
1.8× larger
AROW
$35.0M
$19.0M
ASYS
Growing faster (revenue YoY)
AROW
AROW
+29.3% gap
AROW
7.1%
-22.2%
ASYS
Higher net margin
AROW
AROW
24.0% more per $
AROW
24.6%
0.6%
ASYS
More free cash flow
AROW
AROW
$3.7M more FCF
AROW
$7.5M
$3.8M
ASYS
Faster 2-yr revenue CAGR
AROW
AROW
Annualised
AROW
6.4%
-13.6%
ASYS

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
AROW
AROW
ASYS
ASYS
Revenue
$35.0M
$19.0M
Net Profit
$8.6M
$108.0K
Gross Margin
44.8%
Operating Margin
4.1%
Net Margin
24.6%
0.6%
Revenue YoY
7.1%
-22.2%
Net Profit YoY
42.3%
-65.4%
EPS (diluted)
$0.52
$0.01

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
AROW
AROW
ASYS
ASYS
Q4 25
$19.0M
Q3 25
$19.8M
Q2 25
$19.6M
Q1 25
$15.6M
Q4 24
$24.4M
Q3 24
$24.1M
Q2 24
$35.0M
$26.7M
Q1 24
$34.3M
$25.4M
Net Profit
AROW
AROW
ASYS
ASYS
Q4 25
$108.0K
Q3 25
$1.1M
Q2 25
$106.0K
Q1 25
$-31.8M
Q4 24
$312.0K
Q3 24
$-536.0K
Q2 24
$8.6M
$438.0K
Q1 24
$7.7M
$970.0K
Gross Margin
AROW
AROW
ASYS
ASYS
Q4 25
44.8%
Q3 25
44.4%
Q2 25
46.7%
Q1 25
-2.1%
Q4 24
38.4%
Q3 24
40.7%
Q2 24
36.5%
Q1 24
33.2%
Operating Margin
AROW
AROW
ASYS
ASYS
Q4 25
4.1%
Q3 25
9.3%
Q2 25
4.7%
Q1 25
-202.7%
Q4 24
1.4%
Q3 24
0.1%
Q2 24
3.1%
Q1 24
5.4%
Net Margin
AROW
AROW
ASYS
ASYS
Q4 25
0.6%
Q3 25
5.4%
Q2 25
0.5%
Q1 25
-204.2%
Q4 24
1.3%
Q3 24
-2.2%
Q2 24
24.6%
1.6%
Q1 24
22.3%
3.8%
EPS (diluted)
AROW
AROW
ASYS
ASYS
Q4 25
$0.01
Q3 25
$0.08
Q2 25
$0.01
Q1 25
$-2.23
Q4 24
$0.02
Q3 24
$-0.04
Q2 24
$0.52
$0.03
Q1 24
$0.45
$0.07

Balance Sheet & Financial Strength

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

Metric
AROW
AROW
ASYS
ASYS
Cash + ST InvestmentsLiquidity on hand
$22.1M
Total DebtLower is stronger
$162.0K
Stockholders' EquityBook value
$383.0M
$54.1M
Total Assets
$4.2B
$94.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AROW
AROW
ASYS
ASYS
Q4 25
$22.1M
Q3 25
$17.9M
Q2 25
$15.6M
Q1 25
$13.4M
Q4 24
$13.2M
Q3 24
$11.1M
Q2 24
$13.2M
Q1 24
$13.0M
Total Debt
AROW
AROW
ASYS
ASYS
Q4 25
$162.0K
Q3 25
$168.0K
Q2 25
$127.0K
Q1 25
$135.0K
Q4 24
$161.0K
Q3 24
$189.0K
Q2 24
$177.0K
Q1 24
$65.0K
Stockholders' Equity
AROW
AROW
ASYS
ASYS
Q4 25
$54.1M
Q3 25
$53.4M
Q2 25
$51.7M
Q1 25
$51.0M
Q4 24
$82.4M
Q3 24
$82.4M
Q2 24
$383.0M
$81.7M
Q1 24
$378.0M
$80.9M
Total Assets
AROW
AROW
ASYS
ASYS
Q4 25
$94.1M
Q3 25
$92.9M
Q2 25
$89.5M
Q1 25
$83.4M
Q4 24
$117.8M
Q3 24
$119.3M
Q2 24
$4.2B
$127.1M
Q1 24
$4.3B
$116.5M
Debt / Equity
AROW
AROW
ASYS
ASYS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AROW
AROW
ASYS
ASYS
Operating Cash FlowLast quarter
$9.1M
$4.1M
Free Cash FlowOCF − Capex
$7.5M
$3.8M
FCF MarginFCF / Revenue
21.5%
20.2%
Capex IntensityCapex / Revenue
4.5%
1.5%
Cash ConversionOCF / Net Profit
1.06×
37.99×
TTM Free Cash FlowTrailing 4 quarters
$9.6M
$8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AROW
AROW
ASYS
ASYS
Q4 25
$4.1M
Q3 25
$2.3M
Q2 25
$2.5M
Q1 25
$210.0K
Q4 24
$2.9M
Q3 24
$879.0K
Q2 24
$9.1M
$3.7M
Q1 24
$10.3M
$336.0K
Free Cash Flow
AROW
AROW
ASYS
ASYS
Q4 25
$3.8M
Q3 25
$2.0M
Q2 25
$2.0M
Q1 25
$201.0K
Q4 24
$2.7M
Q3 24
$447.0K
Q2 24
$7.5M
$322.0K
Q1 24
$9.2M
$-884.0K
FCF Margin
AROW
AROW
ASYS
ASYS
Q4 25
20.2%
Q3 25
10.2%
Q2 25
10.1%
Q1 25
1.3%
Q4 24
11.2%
Q3 24
1.9%
Q2 24
21.5%
1.2%
Q1 24
26.8%
-3.5%
Capex Intensity
AROW
AROW
ASYS
ASYS
Q4 25
1.5%
Q3 25
1.2%
Q2 25
2.8%
Q1 25
0.1%
Q4 24
0.6%
Q3 24
1.8%
Q2 24
4.5%
12.5%
Q1 24
3.4%
4.8%
Cash Conversion
AROW
AROW
ASYS
ASYS
Q4 25
37.99×
Q3 25
2.12×
Q2 25
23.89×
Q1 25
Q4 24
9.19×
Q3 24
Q2 24
1.06×
8.35×
Q1 24
1.35×
0.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AROW
AROW

Segment breakdown not available.

ASYS
ASYS

Thermal Processing Solutions$14.0M74%
Semiconductor Fabrication Solutions$5.0M26%

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