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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and EQUITY BANCSHARES INC (EQBK). Click either name above to swap in a different company.

EQUITY BANCSHARES INC is the larger business by last-quarter revenue ($63.5M vs $54.3M, roughly 1.2× AST SpaceMobile, Inc.). EQUITY BANCSHARES INC runs the higher net margin — 34.8% vs -136.2%, a 171.0% gap on every dollar of revenue. On growth, AST SpaceMobile, Inc. posted the faster year-over-year revenue change (2758.2% vs 28.4%). EQUITY BANCSHARES INC produced more free cash flow last quarter ($38.1M 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.

Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...

ASTS vs EQBK — Head-to-Head

Bigger by revenue
EQBK
EQBK
1.2× larger
EQBK
$63.5M
$54.3M
ASTS
Growing faster (revenue YoY)
ASTS
ASTS
+2729.8% gap
ASTS
2758.2%
28.4%
EQBK
Higher net margin
EQBK
EQBK
171.0% more per $
EQBK
34.8%
-136.2%
ASTS
More free cash flow
EQBK
EQBK
$368.8M more FCF
EQBK
$38.1M
$-330.7M
ASTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTS
ASTS
EQBK
EQBK
Revenue
$54.3M
$63.5M
Net Profit
$-74.0M
$22.1M
Gross Margin
Operating Margin
-175.0%
41.7%
Net Margin
-136.2%
34.8%
Revenue YoY
2758.2%
28.4%
Net Profit YoY
-106.3%
30.0%
EPS (diluted)
$1.07

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
EQBK
EQBK
Q4 25
$54.3M
$63.5M
Q3 25
$14.7M
$18.0M
Q2 25
$58.4M
Q1 25
$60.6M
Q4 24
$58.3M
Q3 24
$55.3M
Q2 24
$55.4M
Q1 24
$55.9M
Net Profit
ASTS
ASTS
EQBK
EQBK
Q4 25
$-74.0M
$22.1M
Q3 25
$-122.9M
$-29.7M
Q2 25
$15.3M
Q1 25
$15.0M
Q4 24
$17.0M
Q3 24
$19.9M
Q2 24
$11.7M
Q1 24
$14.1M
Operating Margin
ASTS
ASTS
EQBK
EQBK
Q4 25
-175.0%
41.7%
Q3 25
-1109.0%
-207.2%
Q2 25
31.5%
Q1 25
31.1%
Q4 24
35.0%
Q3 24
43.1%
Q2 24
29.4%
Q1 24
31.8%
Net Margin
ASTS
ASTS
EQBK
EQBK
Q4 25
-136.2%
34.8%
Q3 25
-833.7%
-164.7%
Q2 25
26.1%
Q1 25
24.8%
Q4 24
29.1%
Q3 24
35.9%
Q2 24
21.1%
Q1 24
25.2%
EPS (diluted)
ASTS
ASTS
EQBK
EQBK
Q4 25
$1.07
Q3 25
$-1.55
Q2 25
$0.86
Q1 25
$0.85
Q4 24
$1.06
Q3 24
$1.28
Q2 24
$0.76
Q1 24
$0.90

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
EQBK
EQBK
Cash + ST InvestmentsLiquidity on hand
$4.3B
Total DebtLower is stronger
$443.2M
Stockholders' EquityBook value
$2.4B
$732.1M
Total Assets
$5.0B
$6.4B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
EQBK
EQBK
Q4 25
$4.3B
Q3 25
$2.4B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ASTS
ASTS
EQBK
EQBK
Q4 25
$443.2M
Q3 25
$486.9M
Q2 25
$448.4M
Q1 25
$376.9M
Q4 24
$312.8M
Q3 24
$437.5M
Q2 24
$391.7M
Q1 24
$367.1M
Stockholders' Equity
ASTS
ASTS
EQBK
EQBK
Q4 25
$2.4B
$732.1M
Q3 25
$1.6B
$711.9M
Q2 25
$635.6M
Q1 25
$617.3M
Q4 24
$592.9M
Q3 24
$504.0M
Q2 24
$461.4M
Q1 24
$456.8M
Total Assets
ASTS
ASTS
EQBK
EQBK
Q4 25
$5.0B
$6.4B
Q3 25
$2.6B
$6.4B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$5.3B
Q3 24
$5.4B
Q2 24
$5.2B
Q1 24
$5.2B
Debt / Equity
ASTS
ASTS
EQBK
EQBK
Q4 25
0.61×
Q3 25
0.68×
Q2 25
0.71×
Q1 25
0.61×
Q4 24
0.53×
Q3 24
0.87×
Q2 24
0.85×
Q1 24
0.80×

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
EQBK
EQBK
Operating Cash FlowLast quarter
$65.0M
$51.4M
Free Cash FlowOCF − Capex
$-330.7M
$38.1M
FCF MarginFCF / Revenue
-609.0%
60.0%
Capex IntensityCapex / Revenue
728.7%
20.9%
Cash ConversionOCF / Net Profit
2.33×
TTM Free Cash FlowTrailing 4 quarters
$-790.4M
$88.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
EQBK
EQBK
Q4 25
$65.0M
$51.4M
Q3 25
$-64.5M
$8.5M
Q2 25
$28.3M
Q1 25
$21.7M
Q4 24
$73.8M
Q3 24
$23.5M
Q2 24
$16.0M
Q1 24
$12.6M
Free Cash Flow
ASTS
ASTS
EQBK
EQBK
Q4 25
$-330.7M
$38.1M
Q3 25
$-302.9M
$4.5M
Q2 25
$26.0M
Q1 25
$20.2M
Q4 24
$65.4M
Q3 24
$19.7M
Q2 24
$15.2M
Q1 24
$10.6M
FCF Margin
ASTS
ASTS
EQBK
EQBK
Q4 25
-609.0%
60.0%
Q3 25
-2055.0%
24.7%
Q2 25
44.5%
Q1 25
33.3%
Q4 24
112.1%
Q3 24
35.6%
Q2 24
27.4%
Q1 24
19.0%
Capex Intensity
ASTS
ASTS
EQBK
EQBK
Q4 25
728.7%
20.9%
Q3 25
1617.6%
22.3%
Q2 25
3.9%
Q1 25
2.4%
Q4 24
14.6%
Q3 24
6.8%
Q2 24
1.5%
Q1 24
3.6%
Cash Conversion
ASTS
ASTS
EQBK
EQBK
Q4 25
2.33×
Q3 25
Q2 25
1.85×
Q1 25
1.44×
Q4 24
4.35×
Q3 24
1.18×
Q2 24
1.37×
Q1 24
0.90×

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%

EQBK
EQBK

Segment breakdown not available.

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