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Side-by-side financial comparison of CPI AEROSTRUCTURES INC (CVU) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $19.4M, roughly 1.4× CPI AEROSTRUCTURES INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 3.6%, a 35.7% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -10.8%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-2.1M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 0.9%).
CPI Aerostructures Inc., known as CPI Aero, is a contract aircraft component manufacturer based in Edgewood, New York.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
CVU vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $19.4M | $26.9M |
| Net Profit | $691.8K | $10.6M |
| Gross Margin | 20.3% | — |
| Operating Margin | 6.4% | 50.0% |
| Net Margin | 3.6% | 39.2% |
| Revenue YoY | -10.8% | 16.6% |
| Net Profit YoY | -28.8% | 34.8% |
| EPS (diluted) | $0.04 | $0.61 |
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 | — | $26.9M | ||
| Q4 25 | $19.4M | $24.2M | ||
| Q3 25 | $19.3M | $25.0M | ||
| Q2 25 | $15.2M | $23.8M | ||
| Q1 25 | $15.4M | $23.1M | ||
| Q4 24 | $21.8M | $20.9M | ||
| Q3 24 | $19.4M | $20.3M | ||
| Q2 24 | $20.8M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $691.8K | $7.4M | ||
| Q3 25 | $1.1M | $9.3M | ||
| Q2 25 | $-1.3M | $8.0M | ||
| Q1 25 | $-1.3M | $7.8M | ||
| Q4 24 | $971.5K | $7.1M | ||
| Q3 24 | $749.7K | $6.0M | ||
| Q2 24 | $1.4M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 24.6% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | 6.4% | 39.6% | ||
| Q3 25 | 9.1% | 45.8% | ||
| Q2 25 | -13.1% | 43.4% | ||
| Q1 25 | -7.7% | 43.4% | ||
| Q4 24 | 9.5% | 30.9% | ||
| Q3 24 | 7.6% | 36.6% | ||
| Q2 24 | 11.2% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 3.6% | 30.7% | ||
| Q3 25 | 5.8% | 37.3% | ||
| Q2 25 | -8.7% | 33.5% | ||
| Q1 25 | -8.6% | 34.0% | ||
| Q4 24 | 4.5% | 34.0% | ||
| Q3 24 | 3.9% | 29.3% | ||
| Q2 24 | 6.8% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.04 | $0.44 | ||
| Q3 25 | $0.09 | $0.55 | ||
| Q2 25 | $-0.10 | $0.47 | ||
| Q1 25 | $-0.10 | $0.46 | ||
| Q4 24 | $0.08 | $0.41 | ||
| Q3 24 | $0.06 | $0.35 | ||
| Q2 24 | $0.11 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $362.0M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $25.8M | $270.7M |
| Total Assets | $75.2M | $4.0B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | — | $232.9M | ||
| Q2 25 | — | $345.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $243.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $0 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $26.5K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $25.8M | $266.0M | ||
| Q3 25 | $25.0M | $255.1M | ||
| Q2 25 | $23.8M | $240.9M | ||
| Q1 25 | $24.9M | $237.9M | ||
| Q4 24 | $25.9M | $227.9M | ||
| Q3 24 | $24.9M | $235.4M | ||
| Q2 24 | $24.1M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $75.2M | $4.1B | ||
| Q3 25 | $74.1M | $4.0B | ||
| Q2 25 | $72.3M | $4.1B | ||
| Q1 25 | $65.4M | $4.0B | ||
| Q4 24 | $68.0M | $4.0B | ||
| Q3 24 | $68.9M | $4.0B | ||
| Q2 24 | $70.2M | $4.0B |
| 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 | $12.9M |
| Free Cash FlowOCF − Capex | $-2.1M | $12.4M |
| FCF MarginFCF / Revenue | -10.8% | 46.0% |
| Capex IntensityCapex / Revenue | 0.0% | 1.8% |
| Cash ConversionOCF / Net Profit | -3.03× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.3M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-2.1M | $46.5M | ||
| Q3 25 | $212.1K | $11.4M | ||
| Q2 25 | $-596.3K | $13.5M | ||
| Q1 25 | $-2.7M | $9.7M | ||
| Q4 24 | $4.4M | $39.8M | ||
| Q3 24 | $715.1K | $12.9M | ||
| Q2 24 | $-591.7K | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-2.1M | $43.2M | ||
| Q3 25 | $211.1K | $10.8M | ||
| Q2 25 | $-599.8K | $12.8M | ||
| Q1 25 | $-2.8M | $8.3M | ||
| Q4 24 | $4.3M | $13.7M | ||
| Q3 24 | $586.9K | $7.0M | ||
| Q2 24 | $-746.9K | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -10.8% | 178.3% | ||
| Q3 25 | 1.1% | 43.0% | ||
| Q2 25 | -4.0% | 53.6% | ||
| Q1 25 | -18.1% | 35.7% | ||
| Q4 24 | 19.9% | 65.6% | ||
| Q3 24 | 3.0% | 34.2% | ||
| Q2 24 | -3.6% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.0% | 13.7% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | 0.0% | 3.2% | ||
| Q1 25 | 0.4% | 6.5% | ||
| Q4 24 | 0.3% | 125.3% | ||
| Q3 24 | 0.7% | 29.4% | ||
| Q2 24 | 0.7% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | -3.03× | 6.26× | ||
| Q3 25 | 0.19× | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | 4.53× | 5.61× | ||
| Q3 24 | 0.95× | 2.17× | ||
| Q2 24 | -0.42× | 1.93× |
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% |
WTBA
Segment breakdown not available.
