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Side-by-side financial comparison of Aether Holdings, Inc. (ATHR) and Planet Green Holdings Corp. (PLAG). Click either name above to swap in a different company.

Planet Green Holdings Corp. is the larger business by last-quarter revenue ($521.7K vs $338.8K, roughly 1.5× Aether Holdings, Inc.). On growth, Aether Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -36.7%). Planet Green Holdings Corp. produced more free cash flow last quarter ($-1.8M vs $-2.2M).

Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat. The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.

Planet 13 Holdings, Inc. is a cannabis company based in Nevada, United States. On Nov 1, 2018, the company opened its cannabis dispensary in Las Vegas which became the largest cannabis dispensary in the world at 112,000 square feet.

ATHR vs PLAG — Head-to-Head

Bigger by revenue
PLAG
PLAG
1.5× larger
PLAG
$521.7K
$338.8K
ATHR
Growing faster (revenue YoY)
ATHR
ATHR
+35.7% gap
ATHR
-0.9%
-36.7%
PLAG
More free cash flow
PLAG
PLAG
$385.5K more FCF
PLAG
$-1.8M
$-2.2M
ATHR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATHR
ATHR
PLAG
PLAG
Revenue
$338.8K
$521.7K
Net Profit
$-1.3M
Gross Margin
80.4%
1.8%
Operating Margin
-382.9%
Net Margin
-382.9%
Revenue YoY
-0.9%
-36.7%
Net Profit YoY
-232.5%
-296.7%
EPS (diluted)
$-0.11

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
ATHR
ATHR
PLAG
PLAG
Q4 25
$338.8K
$521.7K
Q3 25
$771.6K
Q2 25
$342.4K
$907.0K
Q1 25
$341.9K
$840.3K
Q4 24
$823.5K
Q3 24
$1.5M
Q2 24
$904.1K
Q1 24
$1.5M
Net Profit
ATHR
ATHR
PLAG
PLAG
Q4 25
$-1.3M
Q3 25
$-12.1M
Q2 25
$-1.0M
$-773.6K
Q1 25
$-427.4K
$-796.9K
Q4 24
Q3 24
$-1.2M
Q2 24
$-1.7M
Q1 24
$-1.1M
Gross Margin
ATHR
ATHR
PLAG
PLAG
Q4 25
80.4%
1.8%
Q3 25
3.7%
Q2 25
69.9%
0.9%
Q1 25
67.9%
6.5%
Q4 24
17.0%
Q3 24
6.6%
Q2 24
Q1 24
23.5%
Operating Margin
ATHR
ATHR
PLAG
PLAG
Q4 25
-382.9%
Q3 25
-435.0%
Q2 25
-293.7%
-75.9%
Q1 25
-112.6%
-85.3%
Q4 24
Q3 24
-27.7%
Q2 24
-105.0%
Q1 24
-38.7%
Net Margin
ATHR
ATHR
PLAG
PLAG
Q4 25
-382.9%
Q3 25
-1574.4%
Q2 25
-293.7%
-85.3%
Q1 25
-125.0%
-94.8%
Q4 24
Q3 24
-81.1%
Q2 24
-190.3%
Q1 24
-71.9%
EPS (diluted)
ATHR
ATHR
PLAG
PLAG
Q4 25
$-0.11
Q3 25
Q2 25
$-0.08
Q1 25
$-0.04
Q4 24
Q3 24
Q2 24
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
ATHR
ATHR
PLAG
PLAG
Cash + ST InvestmentsLiquidity on hand
$263.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4M
$-2.2M
Total Assets
$4.0M
$10.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHR
ATHR
PLAG
PLAG
Q4 25
$263.3K
Q3 25
Q2 25
$187.4K
Q1 25
$179.2K
Q4 24
Q3 24
$227.5K
Q2 24
$539.7K
Q1 24
Total Debt
ATHR
ATHR
PLAG
PLAG
Q4 25
Q3 25
Q2 25
$418.8K
Q1 25
$413.4K
Q4 24
$411.0K
Q3 24
$4.2M
Q2 24
$4.2M
Q1 24
$3.8M
Stockholders' Equity
ATHR
ATHR
PLAG
PLAG
Q4 25
$3.4M
$-2.2M
Q3 25
$-573.5K
Q2 25
$5.9M
$10.1M
Q1 25
$-596.3K
$11.0M
Q4 24
$11.7M
Q3 24
$15.5M
Q2 24
$16.5M
Q1 24
$18.3M
Total Assets
ATHR
ATHR
PLAG
PLAG
Q4 25
$4.0M
$10.2M
Q3 25
$12.3M
Q2 25
$6.5M
$28.1M
Q1 25
$367.8K
$26.1M
Q4 24
$25.4M
Q3 24
$41.9M
Q2 24
$42.2M
Q1 24
$42.9M
Debt / Equity
ATHR
ATHR
PLAG
PLAG
Q4 25
Q3 25
Q2 25
0.04×
Q1 25
0.04×
Q4 24
0.04×
Q3 24
0.27×
Q2 24
0.25×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHR
ATHR
PLAG
PLAG
Operating Cash FlowLast quarter
$-1.0M
$-1.8M
Free Cash FlowOCF − Capex
$-2.2M
$-1.8M
FCF MarginFCF / Revenue
-642.5%
-343.4%
Capex IntensityCapex / Revenue
344.9%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-3.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHR
ATHR
PLAG
PLAG
Q4 25
$-1.0M
$-1.8M
Q3 25
$697.5K
Q2 25
$-2.0M
$-1.7M
Q1 25
$-346.7K
Q4 24
$811.8K
Q3 24
$948.0K
Q2 24
$-943.7K
Q1 24
$430.5K
Free Cash Flow
ATHR
ATHR
PLAG
PLAG
Q4 25
$-2.2M
$-1.8M
Q3 25
$697.5K
Q2 25
$-1.7M
Q1 25
$-349.2K
Q4 24
$810.6K
Q3 24
$948.0K
Q2 24
$-945.0K
Q1 24
$424.3K
FCF Margin
ATHR
ATHR
PLAG
PLAG
Q4 25
-642.5%
-343.4%
Q3 25
90.4%
Q2 25
-185.2%
Q1 25
-41.5%
Q4 24
98.4%
Q3 24
64.9%
Q2 24
-104.5%
Q1 24
28.2%
Capex Intensity
ATHR
ATHR
PLAG
PLAG
Q4 25
344.9%
0.9%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.2%
Q1 24
0.4%

Financial Flow Comparison

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

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