vs

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

Farmmi, Inc. is the larger business by last-quarter revenue ($16.1M vs $8.5M, roughly 1.9× Bridger Aerospace Group Holdings, Inc.). Farmmi, Inc. runs the higher net margin — -0.3% vs -177.2%, a 177.0% gap on every dollar of revenue. On growth, Bridger Aerospace Group Holdings, Inc. posted the faster year-over-year revenue change (-45.2% vs -55.7%). Farmmi, Inc. produced more free cash flow last quarter ($14.6M vs $-78.4M).

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.

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

BAER vs FAMI — Head-to-Head

Bigger by revenue
FAMI
FAMI
1.9× larger
FAMI
$16.1M
$8.5M
BAER
Growing faster (revenue YoY)
BAER
BAER
+10.5% gap
BAER
-45.2%
-55.7%
FAMI
Higher net margin
FAMI
FAMI
177.0% more per $
FAMI
-0.3%
-177.2%
BAER
More free cash flow
FAMI
FAMI
$93.0M more FCF
FAMI
$14.6M
$-78.4M
BAER

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BAER
BAER
FAMI
FAMI
Revenue
$8.5M
$16.1M
Net Profit
$-15.1M
$-44.0K
Gross Margin
-65.1%
5.0%
Operating Margin
-175.0%
-4.1%
Net Margin
-177.2%
-0.3%
Revenue YoY
-45.2%
-55.7%
Net Profit YoY
-17.9%
-107.0%
EPS (diluted)
$-0.26
$-0.04

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
FAMI
FAMI
Q4 25
$8.5M
Q3 25
$67.9M
Q2 25
$30.8M
Q1 25
$15.6M
$16.1M
Q4 24
$15.6M
Q3 24
$64.5M
Q2 24
$13.0M
Q1 24
$5.5M
$36.4M
Net Profit
BAER
BAER
FAMI
FAMI
Q4 25
$-15.1M
Q3 25
$34.5M
Q2 25
$308.0K
Q1 25
$-15.5M
$-44.0K
Q4 24
$-12.8M
Q3 24
$27.3M
Q2 24
$-10.0M
Q1 24
$-20.1M
$630.5K
Gross Margin
BAER
BAER
FAMI
FAMI
Q4 25
-65.1%
Q3 25
68.9%
Q2 25
39.2%
Q1 25
-10.0%
5.0%
Q4 24
1.2%
Q3 24
64.3%
Q2 24
24.2%
Q1 24
5.9%
Operating Margin
BAER
BAER
FAMI
FAMI
Q4 25
-175.0%
Q3 25
57.5%
Q2 25
18.0%
Q1 25
-64.9%
-4.1%
Q4 24
-48.0%
Q3 24
50.9%
Q2 24
-36.5%
Q1 24
-278.0%
2.5%
Net Margin
BAER
BAER
FAMI
FAMI
Q4 25
-177.2%
Q3 25
50.8%
Q2 25
1.0%
Q1 25
-99.3%
-0.3%
Q4 24
-82.4%
Q3 24
42.4%
Q2 24
-76.7%
Q1 24
-364.8%
1.7%
EPS (diluted)
BAER
BAER
FAMI
FAMI
Q4 25
$-0.26
Q3 25
$0.37
Q2 25
$-0.12
Q1 25
$-0.41
$-0.04
Q4 24
$-0.24
Q3 24
$0.31
Q2 24
$-0.33
Q1 24
$-0.55
$1.20

Balance Sheet & Financial Strength

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

Metric
BAER
BAER
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$222.5M
Stockholders' EquityBook value
$-342.6M
$166.4M
Total Assets
$330.3M
$230.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAER
BAER
FAMI
FAMI
Q4 25
$31.4M
Q3 25
$55.1M
Q2 25
$17.0M
Q1 25
$22.3M
Q4 24
$39.3M
Q3 24
$33.3M
Q2 24
$8.5M
Q1 24
$6.8M
Total Debt
BAER
BAER
FAMI
FAMI
Q4 25
$222.5M
Q3 25
Q2 25
Q1 25
Q4 24
$208.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BAER
BAER
FAMI
FAMI
Q4 25
$-342.6M
Q3 25
$-322.4M
Q2 25
$-351.0M
Q1 25
$-347.4M
$166.4M
Q4 24
$-326.7M
Q3 24
$-304.4M
Q2 24
$-328.0M
Q1 24
$-348.7M
$164.4M
Total Assets
BAER
BAER
FAMI
FAMI
Q4 25
$330.3M
Q3 25
$311.0M
Q2 25
$279.0M
Q1 25
$275.6M
$230.4M
Q4 24
$290.8M
Q3 24
$307.3M
Q2 24
$281.7M
Q1 24
$252.4M
$171.9M

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
FAMI
FAMI
Operating Cash FlowLast quarter
$-8.0M
$14.6M
Free Cash FlowOCF − Capex
$-78.4M
$14.6M
FCF MarginFCF / Revenue
-917.3%
90.1%
Capex IntensityCapex / Revenue
823.4%
0.1%
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
FAMI
FAMI
Q4 25
$-8.0M
Q3 25
$41.0M
Q2 25
$1.4M
Q1 25
$-17.7M
$14.6M
Q4 24
$54.5M
Q3 24
$200.0K
Q2 24
$-22.6M
Q1 24
$-22.8M
$-14.9M
Free Cash Flow
BAER
BAER
FAMI
FAMI
Q4 25
$-78.4M
Q3 25
$34.6M
Q2 25
$515.0K
Q1 25
$-21.0M
$14.6M
Q4 24
$53.5M
Q3 24
$-951.0K
Q2 24
$-23.6M
Q1 24
$-23.7M
FCF Margin
BAER
BAER
FAMI
FAMI
Q4 25
-917.3%
Q3 25
51.0%
Q2 25
1.7%
Q1 25
-134.0%
90.1%
Q4 24
343.5%
Q3 24
-1.5%
Q2 24
-181.3%
Q1 24
-430.7%
Capex Intensity
BAER
BAER
FAMI
FAMI
Q4 25
823.4%
Q3 25
9.3%
Q2 25
3.0%
Q1 25
21.2%
0.1%
Q4 24
6.3%
Q3 24
1.8%
Q2 24
7.6%
Q1 24
17.4%
0.0%
Cash Conversion
BAER
BAER
FAMI
FAMI
Q4 25
Q3 25
1.19×
Q2 25
4.68×
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
Q1 24
-23.63×

Financial Flow Comparison

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

Related Comparisons