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Side-by-side financial comparison of Bridger Aerospace Group Holdings, Inc. (BAER) and Bon Natural Life Ltd (BON). Click either name above to swap in a different company.

Bon Natural Life Ltd is the larger business by last-quarter revenue ($10.2M vs $8.5M, roughly 1.2× Bridger Aerospace Group Holdings, Inc.). Bon Natural Life Ltd runs the higher net margin — -0.4% vs -177.2%, a 176.8% gap on every dollar of revenue.

Bridger Aerospace is an American aerospace company which provides aerial firefighting and wildfire management services. The company has supported firefighting efforts in 24 U.S. states and two Canadian provinces.

ABP OPCO, LLC, doing business as Au Bon Pain, is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas, which as of 2025 operated 34 locations in the United States as well as several outlets in Thailand. The company is owned by the Yum! Brands franchisee management company AMPEX Brands.

BAER vs BON — Head-to-Head

Bigger by revenue
BON
BON
1.2× larger
BON
$10.2M
$8.5M
BAER
Higher net margin
BON
BON
176.8% more per $
BON
-0.4%
-177.2%
BAER

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BAER
BAER
BON
BON
Revenue
$8.5M
$10.2M
Net Profit
$-15.1M
$-41.8K
Gross Margin
-65.1%
29.1%
Operating Margin
-175.0%
0.8%
Net Margin
-177.2%
-0.4%
Revenue YoY
-45.2%
Net Profit YoY
-17.9%
EPS (diluted)
$-0.26

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
BAER
BAER
BON
BON
Q4 25
$8.5M
Q3 25
$67.9M
Q2 25
$30.8M
Q1 25
$15.6M
$10.2M
Q4 24
$15.6M
Q3 24
$64.5M
$23.8M
Q2 24
$13.0M
Q1 24
$5.5M
$14.1M
Net Profit
BAER
BAER
BON
BON
Q4 25
$-15.1M
Q3 25
$34.5M
Q2 25
$308.0K
Q1 25
$-15.5M
$-41.8K
Q4 24
$-12.8M
Q3 24
$27.3M
$398.2K
Q2 24
$-10.0M
Q1 24
$-20.1M
Gross Margin
BAER
BAER
BON
BON
Q4 25
-65.1%
Q3 25
68.9%
Q2 25
39.2%
Q1 25
-10.0%
29.1%
Q4 24
1.2%
Q3 24
64.3%
29.8%
Q2 24
24.2%
Q1 24
33.3%
Operating Margin
BAER
BAER
BON
BON
Q4 25
-175.0%
Q3 25
57.5%
Q2 25
18.0%
Q1 25
-64.9%
0.8%
Q4 24
-48.0%
Q3 24
50.9%
7.9%
Q2 24
-36.5%
Q1 24
-278.0%
21.1%
Net Margin
BAER
BAER
BON
BON
Q4 25
-177.2%
Q3 25
50.8%
Q2 25
1.0%
Q1 25
-99.3%
-0.4%
Q4 24
-82.4%
Q3 24
42.4%
1.7%
Q2 24
-76.7%
Q1 24
-364.8%
EPS (diluted)
BAER
BAER
BON
BON
Q4 25
$-0.26
Q3 25
$0.37
Q2 25
$-0.12
Q1 25
$-0.41
Q4 24
$-0.24
Q3 24
$0.31
$4.14
Q2 24
$-0.33
Q1 24
$-0.55

Balance Sheet & Financial Strength

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

Metric
BAER
BAER
BON
BON
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$222.5M
Stockholders' EquityBook value
$-342.6M
$44.3M
Total Assets
$330.3M
$61.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAER
BAER
BON
BON
Q4 25
$31.4M
Q3 25
$55.1M
Q2 25
$17.0M
Q1 25
$22.3M
Q4 24
$39.3M
Q3 24
$33.3M
$80.5K
Q2 24
$8.5M
Q1 24
$6.8M
Total Debt
BAER
BAER
BON
BON
Q4 25
$222.5M
Q3 25
Q2 25
Q1 25
Q4 24
$208.4M
Q3 24
$1.4M
Q2 24
Q1 24
Stockholders' Equity
BAER
BAER
BON
BON
Q4 25
$-342.6M
Q3 25
$-322.4M
Q2 25
$-351.0M
Q1 25
$-347.4M
$44.3M
Q4 24
$-326.7M
Q3 24
$-304.4M
$43.9M
Q2 24
$-328.0M
Q1 24
$-348.7M
$36.0M
Total Assets
BAER
BAER
BON
BON
Q4 25
$330.3M
Q3 25
$311.0M
Q2 25
$279.0M
Q1 25
$275.6M
$61.8M
Q4 24
$290.8M
Q3 24
$307.3M
$61.8M
Q2 24
$281.7M
Q1 24
$252.4M
$46.6M
Debt / Equity
BAER
BAER
BON
BON
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.03×
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
BAER
BAER
BON
BON
Operating Cash FlowLast quarter
$-8.0M
$-1.9M
Free Cash FlowOCF − Capex
$-78.4M
FCF MarginFCF / Revenue
-917.3%
Capex IntensityCapex / Revenue
823.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAER
BAER
BON
BON
Q4 25
$-8.0M
Q3 25
$41.0M
Q2 25
$1.4M
Q1 25
$-17.7M
$-1.9M
Q4 24
$54.5M
Q3 24
$200.0K
$-7.7M
Q2 24
$-22.6M
Q1 24
$-22.8M
$-2.2M
Free Cash Flow
BAER
BAER
BON
BON
Q4 25
$-78.4M
Q3 25
$34.6M
Q2 25
$515.0K
Q1 25
$-21.0M
Q4 24
$53.5M
Q3 24
$-951.0K
$-7.7M
Q2 24
$-23.6M
Q1 24
$-23.7M
$-2.2M
FCF Margin
BAER
BAER
BON
BON
Q4 25
-917.3%
Q3 25
51.0%
Q2 25
1.7%
Q1 25
-134.0%
Q4 24
343.5%
Q3 24
-1.5%
-32.4%
Q2 24
-181.3%
Q1 24
-430.7%
-15.5%
Capex Intensity
BAER
BAER
BON
BON
Q4 25
823.4%
Q3 25
9.3%
Q2 25
3.0%
Q1 25
21.2%
Q4 24
6.3%
Q3 24
1.8%
0.0%
Q2 24
7.6%
Q1 24
17.4%
0.1%
Cash Conversion
BAER
BAER
BON
BON
Q4 25
Q3 25
1.19×
Q2 25
4.68×
Q1 25
Q4 24
Q3 24
0.01×
-19.40×
Q2 24
Q1 24

Financial Flow Comparison

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

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