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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and EASTERN CO (EML). Click either name above to swap in a different company.

EASTERN CO is the larger business by last-quarter revenue ($55.3M vs $54.3M, roughly 1.0× AST SpaceMobile, Inc.). EASTERN CO runs the higher net margin — 1.0% vs -136.2%, a 137.3% gap on every dollar of revenue. On growth, AST SpaceMobile, Inc. posted the faster year-over-year revenue change (2758.2% vs -22.4%). EASTERN CO produced more free cash flow last quarter ($3.1M vs $-330.7M).

AST SpaceMobile, Inc. is a publicly traded satellite designer and manufacturer based in Midland, Texas, United States. The company is building the SpaceMobile satellite constellation, a space-based cellular broadband network designed to connect directly to standard, unmodified smartphones. The network is intended to deliver 4G and 5G broadband coverage globally, particularly in remote and underserved regions.

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

ASTS vs EML — Head-to-Head

Bigger by revenue
EML
EML
1.0× larger
EML
$55.3M
$54.3M
ASTS
Growing faster (revenue YoY)
ASTS
ASTS
+2780.5% gap
ASTS
2758.2%
-22.4%
EML
Higher net margin
EML
EML
137.3% more per $
EML
1.0%
-136.2%
ASTS
More free cash flow
EML
EML
$333.8M more FCF
EML
$3.1M
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ASTS
ASTS
EML
EML
Revenue
$54.3M
$55.3M
Net Profit
$-74.0M
$578.9K
Gross Margin
22.3%
Operating Margin
-175.0%
3.1%
Net Margin
-136.2%
1.0%
Revenue YoY
2758.2%
-22.4%
Net Profit YoY
-106.3%
103.8%
EPS (diluted)
$0.10

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
ASTS
ASTS
EML
EML
Q4 25
$54.3M
Q3 25
$14.7M
$55.3M
Q2 25
$70.2M
Q1 25
$63.3M
Q4 24
$64.3M
Q3 24
$71.3M
Q2 24
$72.6M
Q1 24
$64.6M
Net Profit
ASTS
ASTS
EML
EML
Q4 25
$-74.0M
Q3 25
$-122.9M
$578.9K
Q2 25
$3.4M
Q1 25
$1.9M
Q4 24
$1.3M
Q3 24
$-15.3M
Q2 24
$3.5M
Q1 24
$1.9M
Gross Margin
ASTS
ASTS
EML
EML
Q4 25
Q3 25
22.3%
Q2 25
23.3%
Q1 25
22.4%
Q4 24
23.6%
Q3 24
25.5%
Q2 24
25.4%
Q1 24
23.9%
Operating Margin
ASTS
ASTS
EML
EML
Q4 25
-175.0%
Q3 25
-1109.0%
3.1%
Q2 25
4.5%
Q1 25
5.1%
Q4 24
6.1%
Q3 24
9.5%
Q2 24
8.3%
Q1 24
5.3%
Net Margin
ASTS
ASTS
EML
EML
Q4 25
-136.2%
Q3 25
-833.7%
1.0%
Q2 25
4.9%
Q1 25
3.1%
Q4 24
2.0%
Q3 24
-21.5%
Q2 24
4.8%
Q1 24
3.0%
EPS (diluted)
ASTS
ASTS
EML
EML
Q4 25
Q3 25
$0.10
Q2 25
$0.56
Q1 25
$0.32
Q4 24
$0.22
Q3 24
$-2.46
Q2 24
$0.56
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
EML
EML
Cash + ST InvestmentsLiquidity on hand
$4.3B
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.4B
$124.3M
Total Assets
$5.0B
$220.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
EML
EML
Q4 25
$4.3B
Q3 25
$2.4B
$9.2M
Q2 25
$9.1M
Q1 25
$10.2M
Q4 24
$16.1M
Q3 24
$9.7M
Q2 24
$2.0M
Q1 24
$2.1M
Total Debt
ASTS
ASTS
EML
EML
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$42.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASTS
ASTS
EML
EML
Q4 25
$2.4B
Q3 25
$1.6B
$124.3M
Q2 25
$124.4M
Q1 25
$121.0M
Q4 24
$120.7M
Q3 24
$119.2M
Q2 24
$136.5M
Q1 24
$134.5M
Total Assets
ASTS
ASTS
EML
EML
Q4 25
$5.0B
Q3 25
$2.6B
$220.0M
Q2 25
$229.4M
Q1 25
$232.3M
Q4 24
$235.3M
Q3 24
$244.2M
Q2 24
$255.9M
Q1 24
$253.9M
Debt / Equity
ASTS
ASTS
EML
EML
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.35×
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
ASTS
ASTS
EML
EML
Operating Cash FlowLast quarter
$65.0M
$3.1M
Free Cash FlowOCF − Capex
$-330.7M
$3.1M
FCF MarginFCF / Revenue
-609.0%
5.5%
Capex IntensityCapex / Revenue
728.7%
0.1%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$-790.4M
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
EML
EML
Q4 25
$65.0M
Q3 25
$-64.5M
$3.1M
Q2 25
$3.8M
Q1 25
$-1.8M
Q4 24
$11.0M
Q3 24
$-2.9M
Q2 24
$8.4M
Q1 24
$2.8M
Free Cash Flow
ASTS
ASTS
EML
EML
Q4 25
$-330.7M
Q3 25
$-302.9M
$3.1M
Q2 25
$3.0M
Q1 25
$-2.7M
Q4 24
$9.0M
Q3 24
$-7.7M
Q2 24
$7.3M
Q1 24
$1.1M
FCF Margin
ASTS
ASTS
EML
EML
Q4 25
-609.0%
Q3 25
-2055.0%
5.5%
Q2 25
4.3%
Q1 25
-4.3%
Q4 24
13.9%
Q3 24
-10.8%
Q2 24
10.1%
Q1 24
1.7%
Capex Intensity
ASTS
ASTS
EML
EML
Q4 25
728.7%
Q3 25
1617.6%
0.1%
Q2 25
1.1%
Q1 25
1.3%
Q4 24
3.2%
Q3 24
6.7%
Q2 24
1.5%
Q1 24
2.6%
Cash Conversion
ASTS
ASTS
EML
EML
Q4 25
Q3 25
5.38×
Q2 25
1.09×
Q1 25
-0.95×
Q4 24
8.41×
Q3 24
Q2 24
2.40×
Q1 24
1.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASTS
ASTS

Products$44.4M82%
Other$7.8M14%
Sat Co$2.1M4%

EML
EML

Segment breakdown not available.

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