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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.

Ponce Financial Group, Inc. is the larger business by last-quarter revenue ($31.4M vs $30.8M, roughly 1.0× Firefly Aerospace Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs -433.5%, a 469.8% gap on every dollar of revenue. On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs 37.6%). Ponce Financial Group, Inc. produced more free cash flow last quarter ($54.6M vs $-62.0M).

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.

Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.

FLY vs PDLB — Head-to-Head

Bigger by revenue
PDLB
PDLB
1.0× larger
PDLB
$31.4M
$30.8M
FLY
Growing faster (revenue YoY)
PDLB
PDLB
+0.0% gap
PDLB
37.6%
37.6%
FLY
Higher net margin
PDLB
PDLB
469.8% more per $
PDLB
36.3%
-433.5%
FLY
More free cash flow
PDLB
PDLB
$116.6M more FCF
PDLB
$54.6M
$-62.0M
FLY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FLY
FLY
PDLB
PDLB
Revenue
$30.8M
$31.4M
Net Profit
$-133.4M
$10.1M
Gross Margin
27.6%
Operating Margin
-202.1%
43.6%
Net Margin
-433.5%
36.3%
Revenue YoY
37.6%
37.6%
Net Profit YoY
-227.1%
245.6%
EPS (diluted)
$-1.50
$0.43

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
PDLB
PDLB
Q4 25
$31.4M
Q3 25
$30.8M
$26.7M
Q2 25
$15.5M
$26.5M
Q1 25
$24.6M
Q4 24
$22.8M
Q3 24
$22.4M
$20.2M
Q2 24
$21.1M
$20.2M
Q1 24
$20.5M
Net Profit
FLY
FLY
PDLB
PDLB
Q4 25
$10.1M
Q3 25
$-133.4M
$6.5M
Q2 25
$-63.8M
$6.1M
Q1 25
$6.0M
Q4 24
$2.9M
Q3 24
$-40.8M
$2.4M
Q2 24
$-53.5M
$3.2M
Q1 24
$2.4M
Gross Margin
FLY
FLY
PDLB
PDLB
Q4 25
Q3 25
27.6%
Q2 25
25.7%
Q1 25
Q4 24
Q3 24
34.7%
Q2 24
14.0%
Q1 24
Operating Margin
FLY
FLY
PDLB
PDLB
Q4 25
43.6%
Q3 25
-202.1%
32.8%
Q2 25
-349.5%
30.2%
Q1 25
32.5%
Q4 24
19.6%
Q3 24
-152.9%
15.2%
Q2 24
-232.1%
21.8%
Q1 24
18.3%
Net Margin
FLY
FLY
PDLB
PDLB
Q4 25
36.3%
Q3 25
-433.5%
24.3%
Q2 25
-410.2%
23.0%
Q1 25
24.2%
Q4 24
14.1%
Q3 24
-182.3%
12.1%
Q2 24
-253.7%
15.8%
Q1 24
11.8%
EPS (diluted)
FLY
FLY
PDLB
PDLB
Q4 25
$0.43
Q3 25
$-1.50
$0.27
Q2 25
$-5.78
$0.25
Q1 25
$0.25
Q4 24
$0.11
Q3 24
$-3.57
$0.10
Q2 24
$-4.60
$0.14
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
FLY
FLY
PDLB
PDLB
Cash + ST InvestmentsLiquidity on hand
$995.2M
$126.2M
Total DebtLower is stronger
$596.1M
Stockholders' EquityBook value
$948.8M
$541.5M
Total Assets
$1.3B
$3.2B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
PDLB
PDLB
Q4 25
$126.2M
Q3 25
$995.2M
$146.6M
Q2 25
$205.3M
$126.6M
Q1 25
$129.9M
Q4 24
$139.8M
Q3 24
$26.4M
$155.8M
Q2 24
$21.9M
$103.2M
Q1 24
$134.7M
Total Debt
FLY
FLY
PDLB
PDLB
Q4 25
$596.1M
Q3 25
$521.1M
Q2 25
$136.1M
$536.1M
Q1 25
$521.1M
Q4 24
$596.1M
Q3 24
$580.4M
Q2 24
$680.4M
Q1 24
$680.4M
Stockholders' Equity
FLY
FLY
PDLB
PDLB
Q4 25
$541.5M
Q3 25
$948.8M
$529.8M
Q2 25
$-918.0M
$521.1M
Q1 25
$513.9M
Q4 24
$505.5M
Q3 24
$-665.5M
$504.6M
Q2 24
$-620.0M
$497.7M
Q1 24
$493.7M
Total Assets
FLY
FLY
PDLB
PDLB
Q4 25
$3.2B
Q3 25
$1.3B
$3.2B
Q2 25
$466.8M
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$2.8B
Q1 24
$2.8B
Debt / Equity
FLY
FLY
PDLB
PDLB
Q4 25
1.10×
Q3 25
0.98×
Q2 25
1.03×
Q1 25
1.01×
Q4 24
1.18×
Q3 24
1.15×
Q2 24
1.37×
Q1 24
1.38×

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
PDLB
PDLB
Operating Cash FlowLast quarter
$-53.0M
$55.6M
Free Cash FlowOCF − Capex
$-62.0M
$54.6M
FCF MarginFCF / Revenue
-201.3%
173.9%
Capex IntensityCapex / Revenue
29.0%
3.1%
Cash ConversionOCF / Net Profit
5.48×
TTM Free Cash FlowTrailing 4 quarters
$74.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
PDLB
PDLB
Q4 25
$55.6M
Q3 25
$-53.0M
$1.4M
Q2 25
$6.2M
Q1 25
$13.1M
Q4 24
$7.2M
Q3 24
$-14.6M
Q2 24
$-2.6M
Q1 24
$1.5M
Free Cash Flow
FLY
FLY
PDLB
PDLB
Q4 25
$54.6M
Q3 25
$-62.0M
$786.0K
Q2 25
$5.9M
Q1 25
$12.9M
Q4 24
$4.5M
Q3 24
$-15.0M
Q2 24
$-2.6M
Q1 24
$-315.0K
FCF Margin
FLY
FLY
PDLB
PDLB
Q4 25
173.9%
Q3 25
-201.3%
2.9%
Q2 25
22.4%
Q1 25
52.6%
Q4 24
19.7%
Q3 24
-74.1%
Q2 24
-13.0%
Q1 24
-1.5%
Capex Intensity
FLY
FLY
PDLB
PDLB
Q4 25
3.1%
Q3 25
29.0%
2.3%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
11.9%
Q3 24
2.0%
Q2 24
0.3%
Q1 24
8.7%
Cash Conversion
FLY
FLY
PDLB
PDLB
Q4 25
5.48×
Q3 25
0.21×
Q2 25
1.01×
Q1 25
2.20×
Q4 24
2.46×
Q3 24
-5.99×
Q2 24
-0.80×
Q1 24
0.61×

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%

PDLB
PDLB

Segment breakdown not available.

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