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Side-by-side financial comparison of CPI AEROSTRUCTURES INC (CVU) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.
CPI AEROSTRUCTURES INC is the larger business by last-quarter revenue ($19.4M vs $14.9M, roughly 1.3× EVERSPIN TECHNOLOGIES INC.). CPI AEROSTRUCTURES INC runs the higher net margin — 3.6% vs -2.0%, a 5.6% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs -10.8%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 0.9%).
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.
CVU vs MRAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $19.4M | $14.9M |
| Net Profit | $691.8K | $-296.0K |
| Gross Margin | 20.3% | 52.7% |
| Operating Margin | 6.4% | 29.0% |
| Net Margin | 3.6% | -2.0% |
| Revenue YoY | -10.8% | 13.2% |
| Net Profit YoY | -28.8% | — |
| EPS (diluted) | $0.04 | $-0.01 |
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.
| Q1 26 | — | $14.9M | ||
| Q4 25 | $19.4M | $14.8M | ||
| Q3 25 | $19.3M | $14.1M | ||
| Q2 25 | $15.2M | $13.2M | ||
| Q1 25 | $15.4M | $13.1M | ||
| Q4 24 | $21.8M | $13.2M | ||
| Q3 24 | $19.4M | $12.1M | ||
| Q2 24 | $20.8M | $10.6M |
| Q1 26 | — | $-296.0K | ||
| Q4 25 | $691.8K | $1.2M | ||
| Q3 25 | $1.1M | $54.0K | ||
| Q2 25 | $-1.3M | $-670.0K | ||
| Q1 25 | $-1.3M | $-1.2M | ||
| Q4 24 | $971.5K | $1.2M | ||
| Q3 24 | $749.7K | $2.3M | ||
| Q2 24 | $1.4M | $-2.5M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | 20.3% | 50.8% | ||
| Q3 25 | 22.3% | 51.3% | ||
| Q2 25 | 4.4% | 51.3% | ||
| Q1 25 | 10.7% | 51.4% | ||
| Q4 24 | 20.0% | 51.3% | ||
| Q3 24 | 21.7% | 49.2% | ||
| Q2 24 | 24.6% | 49.0% |
| Q1 26 | — | 29.0% | ||
| Q4 25 | 6.4% | -7.2% | ||
| Q3 25 | 9.1% | -11.0% | ||
| Q2 25 | -13.1% | -14.9% | ||
| Q1 25 | -7.7% | -14.7% | ||
| Q4 24 | 9.5% | -11.8% | ||
| Q3 24 | 7.6% | -17.5% | ||
| Q2 24 | 11.2% | -26.5% |
| Q1 26 | — | -2.0% | ||
| Q4 25 | 3.6% | 8.1% | ||
| Q3 25 | 5.8% | 0.4% | ||
| Q2 25 | -8.7% | -5.1% | ||
| Q1 25 | -8.6% | -8.9% | ||
| Q4 24 | 4.5% | 9.2% | ||
| Q3 24 | 3.9% | 18.8% | ||
| Q2 24 | 6.8% | -23.5% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.04 | $0.05 | ||
| Q3 25 | $0.09 | $0.00 | ||
| Q2 25 | $-0.10 | $-0.03 | ||
| Q1 25 | $-0.10 | $-0.05 | ||
| Q4 24 | $0.08 | $0.07 | ||
| Q3 24 | $0.06 | $0.10 | ||
| Q2 24 | $0.11 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $40.5M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $25.8M | $70.2M |
| Total Assets | $75.2M | $83.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.5M | ||
| Q4 25 | — | $44.5M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | — | $45.0M | ||
| Q1 25 | — | $42.2M | ||
| Q4 24 | — | $42.1M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $26.5K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $70.2M | ||
| Q4 25 | $25.8M | $68.9M | ||
| Q3 25 | $25.0M | $65.8M | ||
| Q2 25 | $23.8M | $64.1M | ||
| Q1 25 | $24.9M | $63.0M | ||
| Q4 24 | $25.9M | $62.6M | ||
| Q3 24 | $24.9M | $59.3M | ||
| Q2 24 | $24.1M | $55.4M |
| Q1 26 | — | $83.2M | ||
| Q4 25 | $75.2M | $84.6M | ||
| Q3 25 | $74.1M | $80.3M | ||
| Q2 25 | $72.3M | $78.9M | ||
| Q1 25 | $65.4M | $80.2M | ||
| Q4 24 | $68.0M | $77.8M | ||
| Q3 24 | $68.9M | $72.6M | ||
| Q2 24 | $70.2M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.1M | $570.0K |
| Free Cash FlowOCF − Capex | $-2.1M | — |
| FCF MarginFCF / Revenue | -10.8% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $570.0K | ||
| Q4 25 | $-2.1M | $2.6M | ||
| Q3 25 | $212.1K | $881.0K | ||
| Q2 25 | $-596.3K | $5.0M | ||
| Q1 25 | $-2.7M | $1.4M | ||
| Q4 24 | $4.4M | $3.8M | ||
| Q3 24 | $715.1K | $2.8M | ||
| Q2 24 | $-591.7K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.1M | $-975.0K | ||
| Q3 25 | $211.1K | $543.0K | ||
| Q2 25 | $-599.8K | $3.0M | ||
| Q1 25 | $-2.8M | $527.0K | ||
| Q4 24 | $4.3M | $2.1M | ||
| Q3 24 | $586.9K | $2.8M | ||
| Q2 24 | $-746.9K | $1.7M |
| Q1 26 | — | — | ||
| Q4 25 | -10.8% | -6.6% | ||
| Q3 25 | 1.1% | 3.9% | ||
| Q2 25 | -4.0% | 22.9% | ||
| Q1 25 | -18.1% | 4.0% | ||
| Q4 24 | 19.9% | 15.8% | ||
| Q3 24 | 3.0% | 22.9% | ||
| Q2 24 | -3.6% | 15.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 24.3% | ||
| Q3 25 | 0.0% | 2.4% | ||
| Q2 25 | 0.0% | 15.1% | ||
| Q1 25 | 0.4% | 6.9% | ||
| Q4 24 | 0.3% | 13.2% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | -3.03× | 2.19× | ||
| Q3 25 | 0.19× | 16.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.53× | 3.16× | ||
| Q3 24 | 0.95× | 1.25× | ||
| Q2 24 | -0.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVU
| Government Subcontracts | $16.4M | 85% |
| Commercial Contracts | $2.3M | 12% |
| Prime Government Contracts | $725.8K | 4% |
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
