vs

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

FIRST CAPITAL INC is the larger business by last-quarter revenue ($13.5M vs $8.5M, roughly 1.6× Bridger Aerospace Group Holdings, Inc.). FIRST CAPITAL INC runs the higher net margin — 36.2% vs -177.2%, a 213.4% gap on every dollar of revenue. On growth, FIRST CAPITAL INC posted the faster year-over-year revenue change (19.0% vs -45.2%). FIRST CAPITAL INC produced more free cash flow last quarter ($19.9M vs $-78.4M). Over the past eight quarters, Bridger Aerospace Group Holdings, Inc.'s revenue compounded faster (24.6% CAGR vs 13.4%).

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.

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

BAER vs FCAP — Head-to-Head

Bigger by revenue
FCAP
FCAP
1.6× larger
FCAP
$13.5M
$8.5M
BAER
Growing faster (revenue YoY)
FCAP
FCAP
+64.1% gap
FCAP
19.0%
-45.2%
BAER
Higher net margin
FCAP
FCAP
213.4% more per $
FCAP
36.2%
-177.2%
BAER
More free cash flow
FCAP
FCAP
$98.3M more FCF
FCAP
$19.9M
$-78.4M
BAER
Faster 2-yr revenue CAGR
BAER
BAER
Annualised
BAER
24.6%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BAER
BAER
FCAP
FCAP
Revenue
$8.5M
$13.5M
Net Profit
$-15.1M
$4.9M
Gross Margin
-65.1%
Operating Margin
-175.0%
Net Margin
-177.2%
36.2%
Revenue YoY
-45.2%
19.0%
Net Profit YoY
-17.9%
49.6%
EPS (diluted)
$-0.26
$1.45

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
FCAP
FCAP
Q4 25
$8.5M
$13.5M
Q3 25
$67.9M
$13.3M
Q2 25
$30.8M
$12.4M
Q1 25
$15.6M
$11.4M
Q4 24
$15.6M
$11.3M
Q3 24
$64.5M
$10.9M
Q2 24
$13.0M
$10.7M
Q1 24
$5.5M
$10.5M
Net Profit
BAER
BAER
FCAP
FCAP
Q4 25
$-15.1M
$4.9M
Q3 25
$34.5M
$4.5M
Q2 25
$308.0K
$3.8M
Q1 25
$-15.5M
$3.2M
Q4 24
$-12.8M
$3.3M
Q3 24
$27.3M
$2.9M
Q2 24
$-10.0M
$2.8M
Q1 24
$-20.1M
$3.0M
Gross Margin
BAER
BAER
FCAP
FCAP
Q4 25
-65.1%
Q3 25
68.9%
Q2 25
39.2%
Q1 25
-10.0%
Q4 24
1.2%
Q3 24
64.3%
Q2 24
24.2%
Q1 24
Operating Margin
BAER
BAER
FCAP
FCAP
Q4 25
-175.0%
Q3 25
57.5%
41.8%
Q2 25
18.0%
37.2%
Q1 25
-64.9%
34.2%
Q4 24
-48.0%
34.8%
Q3 24
50.9%
31.5%
Q2 24
-36.5%
31.1%
Q1 24
-278.0%
33.0%
Net Margin
BAER
BAER
FCAP
FCAP
Q4 25
-177.2%
36.2%
Q3 25
50.8%
33.8%
Q2 25
1.0%
30.4%
Q1 25
-99.3%
28.3%
Q4 24
-82.4%
28.8%
Q3 24
42.4%
26.5%
Q2 24
-76.7%
26.5%
Q1 24
-364.8%
28.1%
EPS (diluted)
BAER
BAER
FCAP
FCAP
Q4 25
$-0.26
$1.45
Q3 25
$0.37
$1.34
Q2 25
$-0.12
$1.13
Q1 25
$-0.41
$0.97
Q4 24
$-0.24
$0.97
Q3 24
$0.31
$0.87
Q2 24
$-0.33
$0.85
Q1 24
$-0.55
$0.88

Balance Sheet & Financial Strength

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

Metric
BAER
BAER
FCAP
FCAP
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$222.5M
Stockholders' EquityBook value
$-342.6M
$137.8M
Total Assets
$330.3M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAER
BAER
FCAP
FCAP
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
FCAP
FCAP
Q4 25
$222.5M
Q3 25
Q2 25
Q1 25
Q4 24
$208.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BAER
BAER
FCAP
FCAP
Q4 25
$-342.6M
$137.8M
Q3 25
$-322.4M
$132.4M
Q2 25
$-351.0M
$123.2M
Q1 25
$-347.4M
$120.1M
Q4 24
$-326.7M
$114.6M
Q3 24
$-304.4M
$116.8M
Q2 24
$-328.0M
$107.8M
Q1 24
$-348.7M
$105.7M
Total Assets
BAER
BAER
FCAP
FCAP
Q4 25
$330.3M
$1.3B
Q3 25
$311.0M
$1.2B
Q2 25
$279.0M
$1.2B
Q1 25
$275.6M
$1.2B
Q4 24
$290.8M
$1.2B
Q3 24
$307.3M
$1.2B
Q2 24
$281.7M
$1.2B
Q1 24
$252.4M
$1.2B

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
FCAP
FCAP
Operating Cash FlowLast quarter
$-8.0M
$21.3M
Free Cash FlowOCF − Capex
$-78.4M
$19.9M
FCF MarginFCF / Revenue
-917.3%
147.7%
Capex IntensityCapex / Revenue
823.4%
10.0%
Cash ConversionOCF / Net Profit
4.36×
TTM Free Cash FlowTrailing 4 quarters
$-64.2M
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAER
BAER
FCAP
FCAP
Q4 25
$-8.0M
$21.3M
Q3 25
$41.0M
$7.9M
Q2 25
$1.4M
$3.7M
Q1 25
$-17.7M
$4.4M
Q4 24
$54.5M
$22.3M
Q3 24
$200.0K
$7.6M
Q2 24
$-22.6M
$3.5M
Q1 24
$-22.8M
$7.2M
Free Cash Flow
BAER
BAER
FCAP
FCAP
Q4 25
$-78.4M
$19.9M
Q3 25
$34.6M
$7.8M
Q2 25
$515.0K
$3.5M
Q1 25
$-21.0M
$4.2M
Q4 24
$53.5M
$21.6M
Q3 24
$-951.0K
$7.5M
Q2 24
$-23.6M
$3.3M
Q1 24
$-23.7M
$7.1M
FCF Margin
BAER
BAER
FCAP
FCAP
Q4 25
-917.3%
147.7%
Q3 25
51.0%
58.6%
Q2 25
1.7%
27.8%
Q1 25
-134.0%
36.5%
Q4 24
343.5%
190.7%
Q3 24
-1.5%
68.6%
Q2 24
-181.3%
31.2%
Q1 24
-430.7%
67.2%
Capex Intensity
BAER
BAER
FCAP
FCAP
Q4 25
823.4%
10.0%
Q3 25
9.3%
1.2%
Q2 25
3.0%
2.2%
Q1 25
21.2%
1.9%
Q4 24
6.3%
6.3%
Q3 24
1.8%
0.8%
Q2 24
7.6%
1.4%
Q1 24
17.4%
1.5%
Cash Conversion
BAER
BAER
FCAP
FCAP
Q4 25
4.36×
Q3 25
1.19×
1.77×
Q2 25
4.68×
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
0.01×
2.62×
Q2 24
1.23×
Q1 24
2.45×

Financial Flow Comparison

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

Related Comparisons