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Side-by-side financial comparison of Draganfly Inc. (DPRO) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

Draganfly Inc. is the larger business by last-quarter revenue ($1.7M vs $1.0M, roughly 1.7× ReTo Eco-Solutions, Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -409.2%, a 277.6% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -8.7%).

Draganfly Inc. is a technology firm specializing in commercial drone design, manufacturing, and sales, plus supporting software and custom aerial data solutions. It serves public safety, agriculture, industrial inspection, disaster response, and mapping segments, with core North American markets and a global client base.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

DPRO vs RETO — Head-to-Head

Bigger by revenue
DPRO
DPRO
1.7× larger
DPRO
$1.7M
$1.0M
RETO
Growing faster (revenue YoY)
RETO
RETO
+45.3% gap
RETO
36.6%
-8.7%
DPRO
Higher net margin
RETO
RETO
277.6% more per $
RETO
-131.6%
-409.2%
DPRO

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
DPRO
DPRO
RETO
RETO
Revenue
$1.7M
$1.0M
Net Profit
$-7.1M
$-1.4M
Gross Margin
26.6%
17.7%
Operating Margin
-133.0%
Net Margin
-409.2%
-131.6%
Revenue YoY
-8.7%
36.6%
Net Profit YoY
-2.6%
-103.5%
EPS (diluted)

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
DPRO
DPRO
RETO
RETO
Q2 25
$1.0M
Q2 24
$1.7M
$768.4K
Q2 23
$1.9M
Q2 22
$2.9M
Net Profit
DPRO
DPRO
RETO
RETO
Q2 25
$-1.4M
Q2 24
$-7.1M
$-678.5K
Q2 23
$-6.9M
Q2 22
$-5.7M
Gross Margin
DPRO
DPRO
RETO
RETO
Q2 25
17.7%
Q2 24
26.6%
43.3%
Q2 23
24.6%
Q2 22
13.0%
Operating Margin
DPRO
DPRO
RETO
RETO
Q2 25
-133.0%
Q2 24
-68.0%
Q2 23
Q2 22
-195.8%
Net Margin
DPRO
DPRO
RETO
RETO
Q2 25
-131.6%
Q2 24
-409.2%
-88.3%
Q2 23
-363.8%
Q2 22
-196.4%
EPS (diluted)
DPRO
DPRO
RETO
RETO
Q2 25
Q2 24
$-0.25
Q2 23
Q2 22
$-0.16

Balance Sheet & Financial Strength

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

Metric
DPRO
DPRO
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$5.3M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.6M
$30.4M
Total Assets
$9.9M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DPRO
DPRO
RETO
RETO
Q2 25
$2.5M
Q2 24
$5.3M
$1.6M
Q2 23
$6.7M
Q2 22
$832.4K
Stockholders' Equity
DPRO
DPRO
RETO
RETO
Q2 25
$30.4M
Q2 24
$-2.6M
$13.3M
Q2 23
$8.7M
Q2 22
$13.5M
Total Assets
DPRO
DPRO
RETO
RETO
Q2 25
$41.4M
Q2 24
$9.9M
$33.7M
Q2 23
Q2 22
$33.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DPRO
DPRO
RETO
RETO
Operating Cash FlowLast quarter
$-1.6M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-157.4%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DPRO
DPRO
RETO
RETO
Q2 25
$-1.6M
Q2 24
$-4.8M
Q2 23
Q2 22
$-9.3M
Free Cash Flow
DPRO
DPRO
RETO
RETO
Q2 25
$-1.7M
Q2 24
Q2 23
Q2 22
FCF Margin
DPRO
DPRO
RETO
RETO
Q2 25
-157.4%
Q2 24
Q2 23
Q2 22
Capex Intensity
DPRO
DPRO
RETO
RETO
Q2 25
5.1%
Q2 24
Q2 23
Q2 22

Financial Flow Comparison

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

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