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

SB FINANCIAL GROUP, INC. is the larger business by last-quarter revenue ($16.4M vs $8.5M, roughly 1.9× Bridger Aerospace Group Holdings, Inc.). SB FINANCIAL GROUP, INC. runs the higher net margin — 23.9% vs -177.2%, a 201.1% gap on every dollar of revenue. On growth, SB FINANCIAL GROUP, INC. posted the faster year-over-year revenue change (6.3% vs -45.2%). SB FINANCIAL GROUP, INC. produced more free cash flow last quarter ($21.4M vs $-78.4M). Over the past eight quarters, Bridger Aerospace Group Holdings, Inc.'s revenue compounded faster (24.6% CAGR vs 11.8%).

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.

SB Financial Group, Inc. is a U.S.-headquartered financial holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage and consumer loans, small business financing, and wealth management solutions. It primarily serves retail customers and small to medium-sized enterprises across regional markets in the United States.

BAER vs SBFG — Head-to-Head

Bigger by revenue
SBFG
SBFG
1.9× larger
SBFG
$16.4M
$8.5M
BAER
Growing faster (revenue YoY)
SBFG
SBFG
+51.4% gap
SBFG
6.3%
-45.2%
BAER
Higher net margin
SBFG
SBFG
201.1% more per $
SBFG
23.9%
-177.2%
BAER
More free cash flow
SBFG
SBFG
$99.8M more FCF
SBFG
$21.4M
$-78.4M
BAER
Faster 2-yr revenue CAGR
BAER
BAER
Annualised
BAER
24.6%
11.8%
SBFG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BAER
BAER
SBFG
SBFG
Revenue
$8.5M
$16.4M
Net Profit
$-15.1M
$3.9M
Gross Margin
-65.1%
Operating Margin
-175.0%
30.3%
Net Margin
-177.2%
23.9%
Revenue YoY
-45.2%
6.3%
Net Profit YoY
-17.9%
7.8%
EPS (diluted)
$-0.26
$0.62

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
SBFG
SBFG
Q4 25
$8.5M
$16.4M
Q3 25
$67.9M
$16.6M
Q2 25
$30.8M
$17.2M
Q1 25
$15.6M
$15.4M
Q4 24
$15.6M
$15.5M
Q3 24
$64.5M
$14.3M
Q2 24
$13.0M
$14.0M
Q1 24
$5.5M
$13.1M
Net Profit
BAER
BAER
SBFG
SBFG
Q4 25
$-15.1M
$3.9M
Q3 25
$34.5M
$4.0M
Q2 25
$308.0K
$3.9M
Q1 25
$-15.5M
$2.2M
Q4 24
$-12.8M
$3.6M
Q3 24
$27.3M
$2.4M
Q2 24
$-10.0M
$3.1M
Q1 24
$-20.1M
$2.4M
Gross Margin
BAER
BAER
SBFG
SBFG
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
SBFG
SBFG
Q4 25
-175.0%
30.3%
Q3 25
57.5%
29.9%
Q2 25
18.0%
27.5%
Q1 25
-64.9%
16.8%
Q4 24
-48.0%
29.3%
Q3 24
50.9%
21.7%
Q2 24
-36.5%
24.0%
Q1 24
-278.0%
21.7%
Net Margin
BAER
BAER
SBFG
SBFG
Q4 25
-177.2%
23.9%
Q3 25
50.8%
24.4%
Q2 25
1.0%
22.4%
Q1 25
-99.3%
14.0%
Q4 24
-82.4%
23.5%
Q3 24
42.4%
16.5%
Q2 24
-76.7%
22.2%
Q1 24
-364.8%
18.0%
EPS (diluted)
BAER
BAER
SBFG
SBFG
Q4 25
$-0.26
$0.62
Q3 25
$0.37
$0.64
Q2 25
$-0.12
$0.60
Q1 25
$-0.41
$0.33
Q4 24
$-0.24
$0.55
Q3 24
$0.31
$0.35
Q2 24
$-0.33
$0.47
Q1 24
$-0.55
$0.35

Balance Sheet & Financial Strength

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

Metric
BAER
BAER
SBFG
SBFG
Cash + ST InvestmentsLiquidity on hand
$31.4M
Total DebtLower is stronger
$222.5M
Stockholders' EquityBook value
$-342.6M
$141.2M
Total Assets
$330.3M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAER
BAER
SBFG
SBFG
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
SBFG
SBFG
Q4 25
$222.5M
Q3 25
Q2 25
Q1 25
Q4 24
$208.4M
$19.7M
Q3 24
$19.7M
Q2 24
Q1 24
Stockholders' Equity
BAER
BAER
SBFG
SBFG
Q4 25
$-342.6M
$141.2M
Q3 25
$-322.4M
$136.9M
Q2 25
$-351.0M
$133.6M
Q1 25
$-347.4M
$131.5M
Q4 24
$-326.7M
$127.5M
Q3 24
$-304.4M
$132.8M
Q2 24
$-328.0M
$125.5M
Q1 24
$-348.7M
$123.7M
Total Assets
BAER
BAER
SBFG
SBFG
Q4 25
$330.3M
$1.5B
Q3 25
$311.0M
$1.5B
Q2 25
$279.0M
$1.5B
Q1 25
$275.6M
$1.5B
Q4 24
$290.8M
$1.4B
Q3 24
$307.3M
$1.4B
Q2 24
$281.7M
Q1 24
$252.4M
Debt / Equity
BAER
BAER
SBFG
SBFG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.15×
Q3 24
0.15×
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
SBFG
SBFG
Operating Cash FlowLast quarter
$-8.0M
$24.0M
Free Cash FlowOCF − Capex
$-78.4M
$21.4M
FCF MarginFCF / Revenue
-917.3%
130.6%
Capex IntensityCapex / Revenue
823.4%
15.8%
Cash ConversionOCF / Net Profit
6.14×
TTM Free Cash FlowTrailing 4 quarters
$-64.2M
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAER
BAER
SBFG
SBFG
Q4 25
$-8.0M
$24.0M
Q3 25
$41.0M
$12.7M
Q2 25
$1.4M
$-3.6M
Q1 25
$-17.7M
$6.7M
Q4 24
$54.5M
$9.5M
Q3 24
$200.0K
$3.6M
Q2 24
$-22.6M
$-434.0K
Q1 24
$-22.8M
$308.0K
Free Cash Flow
BAER
BAER
SBFG
SBFG
Q4 25
$-78.4M
$21.4M
Q3 25
$34.6M
$12.2M
Q2 25
$515.0K
$-4.2M
Q1 25
$-21.0M
$5.8M
Q4 24
$53.5M
$8.2M
Q3 24
$-951.0K
$3.2M
Q2 24
$-23.6M
$-833.0K
Q1 24
$-23.7M
$149.0K
FCF Margin
BAER
BAER
SBFG
SBFG
Q4 25
-917.3%
130.6%
Q3 25
51.0%
73.8%
Q2 25
1.7%
-24.2%
Q1 25
-134.0%
37.6%
Q4 24
343.5%
53.2%
Q3 24
-1.5%
22.6%
Q2 24
-181.3%
-5.9%
Q1 24
-430.7%
1.1%
Capex Intensity
BAER
BAER
SBFG
SBFG
Q4 25
823.4%
15.8%
Q3 25
9.3%
2.7%
Q2 25
3.0%
3.1%
Q1 25
21.2%
6.0%
Q4 24
6.3%
8.0%
Q3 24
1.8%
2.7%
Q2 24
7.6%
2.8%
Q1 24
17.4%
1.2%
Cash Conversion
BAER
BAER
SBFG
SBFG
Q4 25
6.14×
Q3 25
1.19×
3.14×
Q2 25
4.68×
-0.94×
Q1 25
3.11×
Q4 24
2.60×
Q3 24
0.01×
1.54×
Q2 24
-0.14×
Q1 24
0.13×

Financial Flow Comparison

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

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