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Side-by-side financial comparison of Aterian, Inc. (ATER) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.
Aterian, Inc. is the larger business by last-quarter revenue ($15.1M vs $13.4M, roughly 1.1× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -52.5%, a 69.2% gap on every dollar of revenue. On growth, Aterian, Inc. posted the faster year-over-year revenue change (-38.5% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-1.0M).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
ATER vs POWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $13.4M |
| Net Profit | $-7.9M | $2.2M |
| Gross Margin | 56.1% | 87.1% |
| Operating Margin | -51.1% | 14.7% |
| Net Margin | -52.5% | 16.7% |
| Revenue YoY | -38.5% | -54.1% |
| Net Profit YoY | -512.2% | 108.5% |
| EPS (diluted) | — | $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.
| Q4 25 | $15.1M | $13.4M | ||
| Q3 25 | $19.0M | $12.0M | ||
| Q2 25 | $19.5M | $11.9M | ||
| Q1 25 | $15.4M | $12.6M | ||
| Q4 24 | $24.6M | $12.5M | ||
| Q3 24 | $26.2M | $12.0M | ||
| Q2 24 | $28.0M | $12.3M | ||
| Q1 24 | $20.2M | $-50.7M |
| Q4 25 | $-7.9M | $2.2M | ||
| Q3 25 | $-2.3M | $1.4M | ||
| Q2 25 | $-4.9M | $-6.5M | ||
| Q1 25 | $-3.9M | $-77.5M | ||
| Q4 24 | $-1.3M | $-26.1M | ||
| Q3 24 | $-1.8M | $-12.4M | ||
| Q2 24 | $-3.6M | $-14.8M | ||
| Q1 24 | $-5.2M | $-5.2M |
| Q4 25 | 56.1% | 87.1% | ||
| Q3 25 | 56.1% | 87.1% | ||
| Q2 25 | 54.3% | 87.2% | ||
| Q1 25 | 61.4% | 87.5% | ||
| Q4 24 | 63.4% | 87.4% | ||
| Q3 24 | 60.3% | 86.9% | ||
| Q2 24 | 60.4% | 85.8% | ||
| Q1 24 | 65.1% | — |
| Q4 25 | -51.1% | 14.7% | ||
| Q3 25 | -10.7% | 5.9% | ||
| Q2 25 | -23.1% | -50.7% | ||
| Q1 25 | -24.1% | -213.6% | ||
| Q4 24 | -6.5% | -163.8% | ||
| Q3 24 | -6.6% | -50.3% | ||
| Q2 24 | -11.5% | -50.8% | ||
| Q1 24 | -26.1% | — |
| Q4 25 | -52.5% | 16.7% | ||
| Q3 25 | -12.0% | 11.7% | ||
| Q2 25 | -25.0% | -54.5% | ||
| Q1 25 | -25.4% | -614.5% | ||
| Q4 24 | -5.3% | -208.7% | ||
| Q3 24 | -6.8% | -103.7% | ||
| Q2 24 | -13.0% | -120.2% | ||
| Q1 24 | -25.5% | 10.3% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.01 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.67 | ||
| Q4 24 | — | $-0.23 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.13 | ||
| Q1 24 | — | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $69.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $237.3M |
| Total Assets | $29.6M | $271.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $69.9M | ||
| Q3 25 | $7.6M | $65.7M | ||
| Q2 25 | $10.5M | $63.4M | ||
| Q1 25 | $14.3M | $30.2M | ||
| Q4 24 | $18.0M | $31.9M | ||
| Q3 24 | $16.1M | $33.5M | ||
| Q2 24 | $20.3M | $50.8M | ||
| Q1 24 | $17.5M | $55.6M |
| Q4 25 | $15.2M | $237.3M | ||
| Q3 25 | $22.6M | $235.4M | ||
| Q2 25 | $24.3M | $222.5M | ||
| Q1 25 | $27.0M | $222.0M | ||
| Q4 24 | $30.0M | $299.6M | ||
| Q3 24 | $30.6M | $325.6M | ||
| Q2 24 | $30.9M | $342.5M | ||
| Q1 24 | $33.0M | $358.0M |
| Q4 25 | $29.6M | $271.7M | ||
| Q3 25 | $40.1M | $270.3M | ||
| Q2 25 | $45.4M | $269.5M | ||
| Q1 25 | $49.8M | $297.3M | ||
| Q4 24 | $49.5M | $355.4M | ||
| Q3 24 | $52.1M | $368.9M | ||
| Q2 24 | $59.9M | $398.6M | ||
| Q1 24 | $55.7M | $403.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $5.7M |
| Free Cash FlowOCF − Capex | $-1.0M | $5.0M |
| FCF MarginFCF / Revenue | -6.9% | 37.6% |
| Capex IntensityCapex / Revenue | 0.0% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $5.7M | ||
| Q3 25 | $-1.6M | $3.2M | ||
| Q2 25 | $-4.4M | $-6.7M | ||
| Q1 25 | $-3.9M | $-1.5M | ||
| Q4 24 | $-9.0K | $1.3M | ||
| Q3 24 | $-722.0K | $-9.3M | ||
| Q2 24 | $2.9M | $-547.5K | ||
| Q1 24 | $-6.0K | $4.3M |
| Q4 25 | $-1.0M | $5.0M | ||
| Q3 25 | $-1.6M | $2.5M | ||
| Q2 25 | $-4.4M | $-7.6M | ||
| Q1 25 | — | $-2.3M | ||
| Q4 24 | — | $720.3K | ||
| Q3 24 | — | $-10.6M | ||
| Q2 24 | $2.9M | $-1.3M | ||
| Q1 24 | $-42.0K | $1.4M |
| Q4 25 | -6.9% | 37.6% | ||
| Q3 25 | -8.4% | 21.0% | ||
| Q2 25 | -22.7% | -63.8% | ||
| Q1 25 | — | -18.6% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | -88.3% | ||
| Q2 24 | 10.3% | -11.0% | ||
| Q1 24 | -0.2% | -2.8% |
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.2% | 5.8% | ||
| Q2 25 | 0.0% | 7.5% | ||
| Q1 25 | 0.0% | 6.5% | ||
| Q4 24 | 0.0% | 4.4% | ||
| Q3 24 | 0.0% | 10.4% | ||
| Q2 24 | 0.0% | 6.5% | ||
| Q1 24 | 0.2% | -5.7% |
| Q4 25 | — | 2.55× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
POWW
Segment breakdown not available.
