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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and KAMADA LTD (KMDA). Click either name above to swap in a different company.
KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $30.8M, roughly 1.5× Firefly Aerospace Inc.). KAMADA LTD runs the higher net margin — 11.3% vs -433.5%, a 444.7% gap on every dollar of revenue. On growth, Firefly Aerospace Inc. posted the faster year-over-year revenue change (37.6% vs 12.6%).
Firefly Aerospace, Inc. (Firefly) is an American aerospace firm based in Cedar Park, Texas. Firefly develops small- and medium-lift launch vehicles for commercial launches to orbit. Firefly's stated purpose is to increase access to space, similar to other private spaceflight companies.
Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.
FLY vs KMDA — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.8M | $47.0M |
| Net Profit | $-133.4M | $5.3M |
| Gross Margin | 27.6% | 42.0% |
| Operating Margin | -202.1% | 16.6% |
| Net Margin | -433.5% | 11.3% |
| Revenue YoY | 37.6% | 12.6% |
| Net Profit YoY | -227.1% | 37.1% |
| EPS (diluted) | $-1.50 | $0.09 |
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.
| Q3 25 | $30.8M | $47.0M | ||
| Q2 25 | $15.5M | $44.8M | ||
| Q1 25 | — | $44.0M | ||
| Q3 24 | $22.4M | $41.7M | ||
| Q2 24 | $21.1M | $42.5M | ||
| Q1 24 | — | $37.7M | ||
| Q3 23 | — | $37.9M | ||
| Q2 23 | — | $37.4M |
| Q3 25 | $-133.4M | $5.3M | ||
| Q2 25 | $-63.8M | $7.4M | ||
| Q1 25 | — | $4.0M | ||
| Q3 24 | $-40.8M | $3.9M | ||
| Q2 24 | $-53.5M | $4.4M | ||
| Q1 24 | — | $2.4M | ||
| Q3 23 | — | $3.2M | ||
| Q2 23 | — | $1.8M |
| Q3 25 | 27.6% | 42.0% | ||
| Q2 25 | 25.7% | 42.3% | ||
| Q1 25 | — | 47.1% | ||
| Q3 24 | 34.7% | 41.3% | ||
| Q2 24 | 14.0% | 44.6% | ||
| Q1 24 | — | 44.4% | ||
| Q3 23 | — | 39.0% | ||
| Q2 23 | — | 38.6% |
| Q3 25 | -202.1% | 16.6% | ||
| Q2 25 | -349.5% | 15.8% | ||
| Q1 25 | — | 17.7% | ||
| Q3 24 | -152.9% | 12.7% | ||
| Q2 24 | -232.1% | 13.3% | ||
| Q1 24 | — | 10.7% | ||
| Q3 23 | — | 11.5% | ||
| Q2 23 | — | 7.0% |
| Q3 25 | -433.5% | 11.3% | ||
| Q2 25 | -410.2% | 16.5% | ||
| Q1 25 | — | 9.0% | ||
| Q3 24 | -182.3% | 9.3% | ||
| Q2 24 | -253.7% | 10.4% | ||
| Q1 24 | — | 6.3% | ||
| Q3 23 | — | 8.5% | ||
| Q2 23 | — | 4.8% |
| Q3 25 | $-1.50 | $0.09 | ||
| Q2 25 | $-5.78 | $0.13 | ||
| Q1 25 | — | $0.07 | ||
| Q3 24 | $-3.57 | $0.07 | ||
| Q2 24 | $-4.60 | $0.08 | ||
| Q1 24 | — | $0.04 | ||
| Q3 23 | — | $0.06 | ||
| Q2 23 | — | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $995.2M | $72.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $948.8M | $265.2M |
| Total Assets | $1.3B | $377.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $995.2M | $72.0M | ||
| Q2 25 | $205.3M | $66.0M | ||
| Q1 25 | — | $76.3M | ||
| Q3 24 | $26.4M | $72.0M | ||
| Q2 24 | $21.9M | $56.5M | ||
| Q1 24 | — | $48.2M | ||
| Q3 23 | — | $52.6M | ||
| Q2 23 | — | $21.8M |
| Q3 25 | — | — | ||
| Q2 25 | $136.1M | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | $948.8M | $265.2M | ||
| Q2 25 | $-918.0M | $260.0M | ||
| Q1 25 | — | $252.0M | ||
| Q3 24 | $-665.5M | $255.3M | ||
| Q2 24 | $-620.0M | $251.2M | ||
| Q1 24 | — | $251.2M | ||
| Q3 23 | — | $238.4M | ||
| Q2 23 | — | $176.8M |
| Q3 25 | $1.3B | $377.2M | ||
| Q2 25 | $466.8M | $368.2M | ||
| Q1 25 | — | $375.1M | ||
| Q3 24 | — | $351.2M | ||
| Q2 24 | — | $351.0M | ||
| Q1 24 | — | $343.2M | ||
| Q3 23 | — | $337.1M | ||
| Q2 23 | — | $314.4M |
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 | $-53.0M | $10.4M |
| Free Cash FlowOCF − Capex | $-62.0M | — |
| FCF MarginFCF / Revenue | -201.3% | — |
| Capex IntensityCapex / Revenue | 29.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-53.0M | $10.4M | ||
| Q2 25 | — | $8.0M | ||
| Q1 25 | — | $-513.0K | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $14.0M | ||
| Q1 24 | — | $1.0M | ||
| Q3 23 | — | $921.0K | ||
| Q2 23 | — | $1.8M |
| Q3 25 | $-62.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | -201.3% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | 29.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q3 25 | — | 1.97× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | -0.13× | ||
| Q3 24 | — | 5.75× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | 0.43× | ||
| Q3 23 | — | 0.29× | ||
| Q2 23 | — | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
KMDA
Segment breakdown not available.
