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

ARROW FINANCIAL CORP is the larger business by last-quarter revenue ($35.0M vs $18.7M, roughly 1.9× PRO DEX INC). ARROW FINANCIAL CORP runs the higher net margin — 24.6% vs 11.7%, a 12.9% gap on every dollar of revenue. On growth, PRO DEX INC posted the faster year-over-year revenue change (11.1% vs 7.1%). ARROW FINANCIAL CORP produced more free cash flow last quarter ($7.5M vs $3.5M). Over the past eight quarters, PRO DEX INC's revenue compounded faster (14.3% CAGR vs 6.4%).

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.

Pro Dex Inc is a precision manufacturing enterprise that produces custom machined components, subassemblies and finished products primarily for medical device original equipment manufacturers, as well as clients in the aerospace and industrial sectors, with its core operating market covering North America.

AROW vs PDEX — Head-to-Head

Bigger by revenue
AROW
AROW
1.9× larger
AROW
$35.0M
$18.7M
PDEX
Growing faster (revenue YoY)
PDEX
PDEX
+4.0% gap
PDEX
11.1%
7.1%
AROW
Higher net margin
AROW
AROW
12.9% more per $
AROW
24.6%
11.7%
PDEX
More free cash flow
AROW
AROW
$4.0M more FCF
AROW
$7.5M
$3.5M
PDEX
Faster 2-yr revenue CAGR
PDEX
PDEX
Annualised
PDEX
14.3%
6.4%
AROW

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
AROW
AROW
PDEX
PDEX
Revenue
$35.0M
$18.7M
Net Profit
$8.6M
$2.2M
Gross Margin
30.8%
Operating Margin
17.5%
Net Margin
24.6%
11.7%
Revenue YoY
7.1%
11.1%
Net Profit YoY
42.3%
7.2%
EPS (diluted)
$0.52
$0.66

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
PDEX
PDEX
Q4 25
$18.7M
Q3 25
$18.5M
Q2 25
$17.5M
Q1 25
$17.4M
Q4 24
$16.8M
Q3 24
$14.9M
Q2 24
$35.0M
$15.0M
Q1 24
$34.3M
$14.3M
Net Profit
AROW
AROW
PDEX
PDEX
Q4 25
$2.2M
Q3 25
$4.7M
Q2 25
$1.2M
Q1 25
$3.3M
Q4 24
$2.0M
Q3 24
$2.5M
Q2 24
$8.6M
$1.6M
Q1 24
$7.7M
$655.0K
Gross Margin
AROW
AROW
PDEX
PDEX
Q4 25
30.8%
Q3 25
29.0%
Q2 25
19.9%
Q1 25
33.3%
Q4 24
30.2%
Q3 24
34.6%
Q2 24
27.2%
Q1 24
28.0%
Operating Margin
AROW
AROW
PDEX
PDEX
Q4 25
17.5%
Q3 25
16.8%
Q2 25
7.7%
Q1 25
20.9%
Q4 24
16.0%
Q3 24
20.2%
Q2 24
15.6%
Q1 24
15.5%
Net Margin
AROW
AROW
PDEX
PDEX
Q4 25
11.7%
Q3 25
25.3%
Q2 25
6.8%
Q1 25
18.8%
Q4 24
12.1%
Q3 24
16.6%
Q2 24
24.6%
10.6%
Q1 24
22.3%
4.6%
EPS (diluted)
AROW
AROW
PDEX
PDEX
Q4 25
$0.66
Q3 25
$1.40
Q2 25
$0.33
Q1 25
$0.98
Q4 24
$0.61
Q3 24
$0.75
Q2 24
$0.52
$0.44
Q1 24
$0.45
$0.19

Balance Sheet & Financial Strength

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

Metric
AROW
AROW
PDEX
PDEX
Cash + ST InvestmentsLiquidity on hand
$6.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$383.0M
$41.6M
Total Assets
$4.2B
$62.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AROW
AROW
PDEX
PDEX
Q4 25
$6.1M
Q3 25
$10.1M
Q2 25
$6.8M
Q1 25
$5.5M
Q4 24
$4.7M
Q3 24
$7.8M
Q2 24
$6.8M
Q1 24
$7.8M
Total Debt
AROW
AROW
PDEX
PDEX
Q4 25
Q3 25
Q2 25
$15.4M
Q1 25
Q4 24
Q3 24
Q2 24
$12.0M
Q1 24
Stockholders' Equity
AROW
AROW
PDEX
PDEX
Q4 25
$41.6M
Q3 25
$41.5M
Q2 25
$36.6M
Q1 25
$35.3M
Q4 24
$31.8M
Q3 24
$30.9M
Q2 24
$383.0M
$30.9M
Q1 24
$378.0M
$30.9M
Total Assets
AROW
AROW
PDEX
PDEX
Q4 25
$62.3M
Q3 25
$64.3M
Q2 25
$61.2M
Q1 25
$64.3M
Q4 24
$60.4M
Q3 24
$54.3M
Q2 24
$4.2B
$52.5M
Q1 24
$4.3B
$50.5M
Debt / Equity
AROW
AROW
PDEX
PDEX
Q4 25
Q3 25
Q2 25
0.42×
Q1 25
Q4 24
Q3 24
Q2 24
0.39×
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
AROW
AROW
PDEX
PDEX
Operating Cash FlowLast quarter
$9.1M
$3.6M
Free Cash FlowOCF − Capex
$7.5M
$3.5M
FCF MarginFCF / Revenue
21.5%
18.8%
Capex IntensityCapex / Revenue
4.5%
0.4%
Cash ConversionOCF / Net Profit
1.06×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$9.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AROW
AROW
PDEX
PDEX
Q4 25
$3.6M
Q3 25
$2.3M
Q2 25
$-173.0K
Q1 25
$754.0K
Q4 24
$-4.2M
Q3 24
$1.9M
Q2 24
$9.1M
$1.0M
Q1 24
$10.3M
$4.1M
Free Cash Flow
AROW
AROW
PDEX
PDEX
Q4 25
$3.5M
Q3 25
$2.2M
Q2 25
Q1 25
$574.0K
Q4 24
$-4.7M
Q3 24
$1.5M
Q2 24
$7.5M
Q1 24
$9.2M
$4.0M
FCF Margin
AROW
AROW
PDEX
PDEX
Q4 25
18.8%
Q3 25
11.9%
Q2 25
Q1 25
3.3%
Q4 24
-27.9%
Q3 24
9.8%
Q2 24
21.5%
Q1 24
26.8%
27.7%
Capex Intensity
AROW
AROW
PDEX
PDEX
Q4 25
0.4%
Q3 25
0.5%
Q2 25
Q1 25
1.0%
Q4 24
3.2%
Q3 24
2.9%
Q2 24
4.5%
Q1 24
3.4%
0.8%
Cash Conversion
AROW
AROW
PDEX
PDEX
Q4 25
1.63×
Q3 25
0.49×
Q2 25
-0.14×
Q1 25
0.23×
Q4 24
-2.03×
Q3 24
0.77×
Q2 24
1.06×
0.66×
Q1 24
1.35×
6.22×

Financial Flow Comparison

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

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