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

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $8.5M, roughly 1.7× Bridger Aerospace Group Holdings, Inc.). SuperCom Ltd runs the higher net margin — 37.5% vs -177.2%, a 214.7% gap on every dollar of revenue. On growth, SuperCom Ltd posted the faster year-over-year revenue change (-1.5% vs -45.2%). SuperCom Ltd produced more free cash flow last quarter ($-3.6M 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.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

BAER vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.7× larger
SPCB
$14.2M
$8.5M
BAER
Growing faster (revenue YoY)
SPCB
SPCB
+43.7% gap
SPCB
-1.5%
-45.2%
BAER
Higher net margin
SPCB
SPCB
214.7% more per $
SPCB
37.5%
-177.2%
BAER
More free cash flow
SPCB
SPCB
$74.8M more FCF
SPCB
$-3.6M
$-78.4M
BAER

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
BAER
BAER
SPCB
SPCB
Revenue
$8.5M
$14.2M
Net Profit
$-15.1M
$5.3M
Gross Margin
-65.1%
61.2%
Operating Margin
-175.0%
16.3%
Net Margin
-177.2%
37.5%
Revenue YoY
-45.2%
-1.5%
Net Profit YoY
-17.9%
79.5%
EPS (diluted)
$-0.26
$1.32

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
SPCB
SPCB
Q4 25
$8.5M
Q3 25
$67.9M
Q2 25
$30.8M
$14.2M
Q1 25
$15.6M
Q4 24
$15.6M
Q3 24
$64.5M
Q2 24
$13.0M
$14.4M
Q1 24
$5.5M
Net Profit
BAER
BAER
SPCB
SPCB
Q4 25
$-15.1M
Q3 25
$34.5M
Q2 25
$308.0K
$5.3M
Q1 25
$-15.5M
Q4 24
$-12.8M
Q3 24
$27.3M
Q2 24
$-10.0M
$3.0M
Q1 24
$-20.1M
Gross Margin
BAER
BAER
SPCB
SPCB
Q4 25
-65.1%
Q3 25
68.9%
Q2 25
39.2%
61.2%
Q1 25
-10.0%
Q4 24
1.2%
Q3 24
64.3%
Q2 24
24.2%
52.3%
Q1 24
Operating Margin
BAER
BAER
SPCB
SPCB
Q4 25
-175.0%
Q3 25
57.5%
Q2 25
18.0%
16.3%
Q1 25
-64.9%
Q4 24
-48.0%
Q3 24
50.9%
Q2 24
-36.5%
7.7%
Q1 24
-278.0%
Net Margin
BAER
BAER
SPCB
SPCB
Q4 25
-177.2%
Q3 25
50.8%
Q2 25
1.0%
37.5%
Q1 25
-99.3%
Q4 24
-82.4%
Q3 24
42.4%
Q2 24
-76.7%
20.6%
Q1 24
-364.8%
EPS (diluted)
BAER
BAER
SPCB
SPCB
Q4 25
$-0.26
Q3 25
$0.37
Q2 25
$-0.12
$1.32
Q1 25
$-0.41
Q4 24
$-0.24
Q3 24
$0.31
Q2 24
$-0.33
$1.19
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
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$31.4M
$15.0M
Total DebtLower is stronger
$222.5M
$23.6M
Stockholders' EquityBook value
$-342.6M
$37.3M
Total Assets
$330.3M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAER
BAER
SPCB
SPCB
Q4 25
$31.4M
Q3 25
$55.1M
Q2 25
$17.0M
$15.0M
Q1 25
$22.3M
Q4 24
$39.3M
Q3 24
$33.3M
Q2 24
$8.5M
$5.7M
Q1 24
$6.8M
Total Debt
BAER
BAER
SPCB
SPCB
Q4 25
$222.5M
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
$208.4M
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
BAER
BAER
SPCB
SPCB
Q4 25
$-342.6M
Q3 25
$-322.4M
Q2 25
$-351.0M
$37.3M
Q1 25
$-347.4M
Q4 24
$-326.7M
Q3 24
$-304.4M
Q2 24
$-328.0M
$13.8M
Q1 24
$-348.7M
Total Assets
BAER
BAER
SPCB
SPCB
Q4 25
$330.3M
Q3 25
$311.0M
Q2 25
$279.0M
$65.5M
Q1 25
$275.6M
Q4 24
$290.8M
Q3 24
$307.3M
Q2 24
$281.7M
$49.6M
Q1 24
$252.4M
Debt / Equity
BAER
BAER
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
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
SPCB
SPCB
Operating Cash FlowLast quarter
$-8.0M
$-2.2M
Free Cash FlowOCF − Capex
$-78.4M
$-3.6M
FCF MarginFCF / Revenue
-917.3%
-25.3%
Capex IntensityCapex / Revenue
823.4%
10.0%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-64.2M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAER
BAER
SPCB
SPCB
Q4 25
$-8.0M
Q3 25
$41.0M
Q2 25
$1.4M
$-2.2M
Q1 25
$-17.7M
Q4 24
$54.5M
Q3 24
$200.0K
Q2 24
$-22.6M
$-950.0K
Q1 24
$-22.8M
Free Cash Flow
BAER
BAER
SPCB
SPCB
Q4 25
$-78.4M
Q3 25
$34.6M
Q2 25
$515.0K
$-3.6M
Q1 25
$-21.0M
Q4 24
$53.5M
Q3 24
$-951.0K
Q2 24
$-23.6M
$-1.6M
Q1 24
$-23.7M
FCF Margin
BAER
BAER
SPCB
SPCB
Q4 25
-917.3%
Q3 25
51.0%
Q2 25
1.7%
-25.3%
Q1 25
-134.0%
Q4 24
343.5%
Q3 24
-1.5%
Q2 24
-181.3%
-10.8%
Q1 24
-430.7%
Capex Intensity
BAER
BAER
SPCB
SPCB
Q4 25
823.4%
Q3 25
9.3%
Q2 25
3.0%
10.0%
Q1 25
21.2%
Q4 24
6.3%
Q3 24
1.8%
Q2 24
7.6%
4.2%
Q1 24
17.4%
Cash Conversion
BAER
BAER
SPCB
SPCB
Q4 25
Q3 25
1.19×
Q2 25
4.68×
-0.41×
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
-0.32×
Q1 24

Financial Flow Comparison

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

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