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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Ostin Technology Group Co., Ltd. (OST). Click either name above to swap in a different company.

Firefly Aerospace Inc. is the larger business by last-quarter revenue ($30.8M vs $20.8M, roughly 1.5× Ostin Technology Group Co., Ltd.). Ostin Technology Group Co., Ltd. runs the higher net margin — -24.8% vs -433.5%, a 408.6% gap on every dollar of revenue. On growth, Ostin Technology Group Co., Ltd. posted the faster year-over-year revenue change (39.2% vs 37.6%).

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.

Ostin Technology Group Co., Ltd. is a provider of display and interactive technology solutions. It develops and manufactures touch panels, interactive whiteboards and custom display modules, serving consumer electronics, education and commercial segments across Asia Pacific, North America and European markets.

FLY vs OST — Head-to-Head

Bigger by revenue
FLY
FLY
1.5× larger
FLY
$30.8M
$20.8M
OST
Growing faster (revenue YoY)
OST
OST
+1.6% gap
OST
39.2%
37.6%
FLY
Higher net margin
OST
OST
408.6% more per $
OST
-24.8%
-433.5%
FLY

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
FLY
FLY
OST
OST
Revenue
$30.8M
$20.8M
Net Profit
$-133.4M
$-5.2M
Gross Margin
27.6%
9.1%
Operating Margin
-202.1%
-23.4%
Net Margin
-433.5%
-24.8%
Revenue YoY
37.6%
39.2%
Net Profit YoY
-227.1%
-11.6%
EPS (diluted)
$-1.50
$-2.98

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
FLY
FLY
OST
OST
Q3 25
$30.8M
Q2 25
$15.5M
Q1 25
$20.8M
Q3 24
$22.4M
Q2 24
$21.1M
Q1 24
$15.0M
Net Profit
FLY
FLY
OST
OST
Q3 25
$-133.4M
Q2 25
$-63.8M
Q1 25
$-5.2M
Q3 24
$-40.8M
Q2 24
$-53.5M
Q1 24
$-4.6M
Gross Margin
FLY
FLY
OST
OST
Q3 25
27.6%
Q2 25
25.7%
Q1 25
9.1%
Q3 24
34.7%
Q2 24
14.0%
Q1 24
5.9%
Operating Margin
FLY
FLY
OST
OST
Q3 25
-202.1%
Q2 25
-349.5%
Q1 25
-23.4%
Q3 24
-152.9%
Q2 24
-232.1%
Q1 24
-25.3%
Net Margin
FLY
FLY
OST
OST
Q3 25
-433.5%
Q2 25
-410.2%
Q1 25
-24.8%
Q3 24
-182.3%
Q2 24
-253.7%
Q1 24
-31.0%
EPS (diluted)
FLY
FLY
OST
OST
Q3 25
$-1.50
Q2 25
$-5.78
Q1 25
$-2.98
Q3 24
$-3.57
Q2 24
$-4.60
Q1 24
$-0.29

Balance Sheet & Financial Strength

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

Metric
FLY
FLY
OST
OST
Cash + ST InvestmentsLiquidity on hand
$995.2M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$948.8M
$2.7M
Total Assets
$1.3B
$52.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
OST
OST
Q3 25
$995.2M
Q2 25
$205.3M
Q1 25
$1.7M
Q3 24
$26.4M
Q2 24
$21.9M
Q1 24
$1.7M
Total Debt
FLY
FLY
OST
OST
Q3 25
Q2 25
$136.1M
Q1 25
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLY
FLY
OST
OST
Q3 25
$948.8M
Q2 25
$-918.0M
Q1 25
$2.7M
Q3 24
$-665.5M
Q2 24
$-620.0M
Q1 24
$10.3M
Total Assets
FLY
FLY
OST
OST
Q3 25
$1.3B
Q2 25
$466.8M
Q1 25
$52.6M
Q3 24
Q2 24
Q1 24
$51.4M

Cash Flow & Capital Efficiency

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

Metric
FLY
FLY
OST
OST
Operating Cash FlowLast quarter
$-53.0M
Free Cash FlowOCF − Capex
$-62.0M
FCF MarginFCF / Revenue
-201.3%
Capex IntensityCapex / Revenue
29.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
OST
OST
Q3 25
$-53.0M
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
$-3.9M
Free Cash Flow
FLY
FLY
OST
OST
Q3 25
$-62.0M
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
$-4.5M
FCF Margin
FLY
FLY
OST
OST
Q3 25
-201.3%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
-30.1%
Capex Intensity
FLY
FLY
OST
OST
Q3 25
29.0%
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
4.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLY
FLY

Spacecraft Solutions Revenue$21.4M69%
Launch Revenue$9.4M31%

OST
OST

Segment breakdown not available.

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