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Side-by-side financial comparison of AST SpaceMobile, Inc. (ASTS) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($91.5M vs $54.3M, roughly 1.7× AST SpaceMobile, Inc.). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -136.2%, a 134.7% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

ASTS vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
1.7× larger
PAL
$91.5M
$54.3M
ASTS
Higher net margin
PAL
PAL
134.7% more per $
PAL
-1.5%
-136.2%
ASTS

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ASTS
ASTS
PAL
PAL
Revenue
$54.3M
$91.5M
Net Profit
$-74.0M
$-1.4M
Gross Margin
Operating Margin
-175.0%
-2.4%
Net Margin
-136.2%
-1.5%
Revenue YoY
2758.2%
Net Profit YoY
-106.3%
EPS (diluted)
$-0.05

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
PAL
PAL
Q4 25
$54.3M
Q3 25
$14.7M
Q3 24
$91.5M
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q4 22
$-1.0K
Q2 22
$7.3M
Net Profit
ASTS
ASTS
PAL
PAL
Q4 25
$-74.0M
Q3 25
$-122.9M
Q3 24
$-1.4M
Q4 23
$-31.9M
Q3 23
$-20.9M
Q2 23
$-18.4M
Q4 22
$-8.2M
Q2 22
$-2.9M
Gross Margin
ASTS
ASTS
PAL
PAL
Q4 25
Q3 25
Q3 24
Q4 23
Q3 23
Q2 23
Q4 22
200.0%
Q2 22
69.7%
Operating Margin
ASTS
ASTS
PAL
PAL
Q4 25
-175.0%
Q3 25
-1109.0%
Q3 24
-2.4%
Q4 23
Q3 23
Q2 23
Q4 22
2522300.0%
Q2 22
-109.7%
Net Margin
ASTS
ASTS
PAL
PAL
Q4 25
-136.2%
Q3 25
-833.7%
Q3 24
-1.5%
Q4 23
Q3 23
Q2 23
Q4 22
822900.0%
Q2 22
-40.3%
EPS (diluted)
ASTS
ASTS
PAL
PAL
Q4 25
Q3 25
Q3 24
$-0.05
Q4 23
Q3 23
Q2 23
Q4 22
Q2 22
$-0.06

Balance Sheet & Financial Strength

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

Metric
ASTS
ASTS
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$4.3B
$16.8M
Total DebtLower is stronger
$64.0M
Stockholders' EquityBook value
$2.4B
$338.5M
Total Assets
$5.0B
$498.2M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTS
ASTS
PAL
PAL
Q4 25
$4.3B
Q3 25
$2.4B
Q3 24
$16.8M
Q4 23
$155.3M
Q3 23
$251.7M
Q2 23
$372.9M
Q4 22
$469.3M
Q2 22
$395.1M
Total Debt
ASTS
ASTS
PAL
PAL
Q4 25
Q3 25
Q3 24
$64.0M
Q4 23
Q3 23
Q2 23
$4.6M
Q4 22
$4.8M
Q2 22
$4.9M
Stockholders' Equity
ASTS
ASTS
PAL
PAL
Q4 25
$2.4B
Q3 25
$1.6B
Q3 24
$338.5M
Q4 23
$213.6M
Q3 23
$287.2M
Q2 23
$335.9M
Q4 22
$359.8M
Q2 22
$310.3M
Total Assets
ASTS
ASTS
PAL
PAL
Q4 25
$5.0B
Q3 25
$2.6B
Q3 24
$498.2M
Q4 23
$360.9M
Q3 23
$402.1M
Q2 23
$408.5M
Q4 22
$438.4M
Q2 22
$384.9M
Debt / Equity
ASTS
ASTS
PAL
PAL
Q4 25
Q3 25
Q3 24
0.19×
Q4 23
Q3 23
Q2 23
0.01×
Q4 22
0.01×
Q2 22
0.02×

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
PAL
PAL
Operating Cash FlowLast quarter
$65.0M
Free Cash FlowOCF − Capex
$-330.7M
FCF MarginFCF / Revenue
-609.0%
Capex IntensityCapex / Revenue
728.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-790.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTS
ASTS
PAL
PAL
Q4 25
$65.0M
Q3 25
$-64.5M
Q3 24
Q4 23
$-24.9M
Q3 23
$-36.1M
Q2 23
$-50.3M
Q4 22
$-35.0M
Q2 22
$-41.0M
Free Cash Flow
ASTS
ASTS
PAL
PAL
Q4 25
$-330.7M
Q3 25
$-302.9M
Q3 24
Q4 23
$-47.2M
Q3 23
$-109.5M
Q2 23
$-57.8M
Q4 22
$-46.5M
Q2 22
$-69.9M
FCF Margin
ASTS
ASTS
PAL
PAL
Q4 25
-609.0%
Q3 25
-2055.0%
Q3 24
Q4 23
Q3 23
Q2 23
Q4 22
4647400.0%
Q2 22
-962.8%
Capex Intensity
ASTS
ASTS
PAL
PAL
Q4 25
728.7%
Q3 25
1617.6%
Q3 24
Q4 23
Q3 23
Q2 23
Q4 22
-1143400.0%
Q2 22
398.4%

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%

PAL
PAL

Segment breakdown not available.

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