vs
Side-by-side financial comparison of CPI AEROSTRUCTURES INC (CVU) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $19.4M, roughly 1.7× CPI AEROSTRUCTURES INC). Spok Holdings, Inc runs the higher net margin — 8.7% vs 3.6%, a 5.1% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -10.8%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $-2.1M). Over the past eight quarters, CPI AEROSTRUCTURES INC's revenue compounded faster (0.9% CAGR vs -1.5%).
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
CVU vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.4M | $33.9M |
| Net Profit | $691.8K | $2.9M |
| Gross Margin | 20.3% | 76.7% |
| Operating Margin | 6.4% | 11.6% |
| Net Margin | 3.6% | 8.7% |
| Revenue YoY | -10.8% | -0.1% |
| Net Profit YoY | -28.8% | -19.6% |
| EPS (diluted) | $0.04 | $0.13 |
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.
| Q4 25 | $19.4M | $33.9M | ||
| Q3 25 | $19.3M | $33.9M | ||
| Q2 25 | $15.2M | $35.7M | ||
| Q1 25 | $15.4M | $36.3M | ||
| Q4 24 | $21.8M | $33.9M | ||
| Q3 24 | $19.4M | $34.9M | ||
| Q2 24 | $20.8M | $34.0M | ||
| Q1 24 | $19.1M | $34.9M |
| Q4 25 | $691.8K | $2.9M | ||
| Q3 25 | $1.1M | $3.2M | ||
| Q2 25 | $-1.3M | $4.6M | ||
| Q1 25 | $-1.3M | $5.2M | ||
| Q4 24 | $971.5K | $3.6M | ||
| Q3 24 | $749.7K | $3.7M | ||
| Q2 24 | $1.4M | $3.4M | ||
| Q1 24 | $168.2K | $4.2M |
| Q4 25 | 20.3% | 76.7% | ||
| Q3 25 | 22.3% | 78.3% | ||
| Q2 25 | 4.4% | 79.5% | ||
| Q1 25 | 10.7% | 80.1% | ||
| Q4 24 | 20.0% | 78.5% | ||
| Q3 24 | 21.7% | 79.5% | ||
| Q2 24 | 24.6% | 78.9% | ||
| Q1 24 | 18.6% | 79.5% |
| Q4 25 | 6.4% | 11.6% | ||
| Q3 25 | 9.1% | 12.9% | ||
| Q2 25 | -13.1% | 15.1% | ||
| Q1 25 | -7.7% | 16.6% | ||
| Q4 24 | 9.5% | 13.7% | ||
| Q3 24 | 7.6% | 14.2% | ||
| Q2 24 | 11.2% | 13.2% | ||
| Q1 24 | 4.4% | 14.0% |
| Q4 25 | 3.6% | 8.7% | ||
| Q3 25 | 5.8% | 9.5% | ||
| Q2 25 | -8.7% | 12.8% | ||
| Q1 25 | -8.6% | 14.3% | ||
| Q4 24 | 4.5% | 10.8% | ||
| Q3 24 | 3.9% | 10.5% | ||
| Q2 24 | 6.8% | 10.1% | ||
| Q1 24 | 0.9% | 12.1% |
| Q4 25 | $0.04 | $0.13 | ||
| Q3 25 | $0.09 | $0.15 | ||
| Q2 25 | $-0.10 | $0.22 | ||
| Q1 25 | $-0.10 | $0.25 | ||
| Q4 24 | $0.08 | $0.17 | ||
| Q3 24 | $0.06 | $0.18 | ||
| Q2 24 | $0.11 | $0.17 | ||
| Q1 24 | $0.01 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $25.3M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $25.8M | $146.4M |
| Total Assets | $75.2M | $206.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $25.3M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $20.2M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | $29.1M | ||
| Q3 24 | — | $27.8M | ||
| Q2 24 | — | $23.9M | ||
| Q1 24 | — | $23.3M |
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $26.5K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $25.8M | $146.4M | ||
| Q3 25 | $25.0M | $148.7M | ||
| Q2 25 | $23.8M | $150.9M | ||
| Q1 25 | $24.9M | $151.7M | ||
| Q4 24 | $25.9M | $154.7M | ||
| Q3 24 | $24.9M | $156.3M | ||
| Q2 24 | $24.1M | $158.2M | ||
| Q1 24 | $22.5M | $160.2M |
| Q4 25 | $75.2M | $206.1M | ||
| Q3 25 | $74.1M | $209.7M | ||
| Q2 25 | $72.3M | $208.7M | ||
| Q1 25 | $65.4M | $204.5M | ||
| Q4 24 | $68.0M | $217.1M | ||
| Q3 24 | $68.9M | $216.8M | ||
| Q2 24 | $70.2M | $216.4M | ||
| Q1 24 | $70.8M | $215.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.1M | $11.5M |
| Free Cash FlowOCF − Capex | $-2.1M | $10.1M |
| FCF MarginFCF / Revenue | -10.8% | 29.9% |
| Capex IntensityCapex / Revenue | 0.0% | 4.1% |
| Cash ConversionOCF / Net Profit | -3.03× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.3M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.1M | $11.5M | ||
| Q3 25 | $212.1K | $8.1M | ||
| Q2 25 | $-596.3K | $7.0M | ||
| Q1 25 | $-2.7M | $2.3M | ||
| Q4 24 | $4.4M | $8.4M | ||
| Q3 24 | $715.1K | $11.1M | ||
| Q2 24 | $-591.7K | $7.4M | ||
| Q1 24 | $-960.5K | $2.0M |
| Q4 25 | $-2.1M | $10.1M | ||
| Q3 25 | $211.1K | $7.6M | ||
| Q2 25 | $-599.8K | $6.0M | ||
| Q1 25 | $-2.8M | $1.5M | ||
| Q4 24 | $4.3M | $7.5M | ||
| Q3 24 | $586.9K | $10.3M | ||
| Q2 24 | $-746.9K | $6.8M | ||
| Q1 24 | $-1.0M | $1.1M |
| Q4 25 | -10.8% | 29.9% | ||
| Q3 25 | 1.1% | 22.4% | ||
| Q2 25 | -4.0% | 16.8% | ||
| Q1 25 | -18.1% | 4.2% | ||
| Q4 24 | 19.9% | 22.3% | ||
| Q3 24 | 3.0% | 29.4% | ||
| Q2 24 | -3.6% | 20.0% | ||
| Q1 24 | -5.3% | 3.2% |
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 1.6% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.4% | 2.1% | ||
| Q4 24 | 0.3% | 2.5% | ||
| Q3 24 | 0.7% | 2.4% | ||
| Q2 24 | 0.7% | 1.9% | ||
| Q1 24 | 0.2% | 2.5% |
| Q4 25 | -3.03× | 3.93× | ||
| Q3 25 | 0.19× | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 4.53× | 2.31× | ||
| Q3 24 | 0.95× | 3.03× | ||
| Q2 24 | -0.42× | 2.17× | ||
| Q1 24 | -5.71× | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
