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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

Firefly Aerospace Inc. is the larger business by last-quarter revenue ($30.8M vs $24.5M, roughly 1.3× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -433.5%, a 451.1% gap on every dollar of revenue. On growth, Firefly Aerospace Inc. posted the faster year-over-year revenue change (37.6% vs -0.7%).

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.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

FLY vs UHT — Head-to-Head

Bigger by revenue
FLY
FLY
1.3× larger
FLY
$30.8M
$24.5M
UHT
Growing faster (revenue YoY)
FLY
FLY
+38.3% gap
FLY
37.6%
-0.7%
UHT
Higher net margin
UHT
UHT
451.1% more per $
UHT
17.7%
-433.5%
FLY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FLY
FLY
UHT
UHT
Revenue
$30.8M
$24.5M
Net Profit
$-133.4M
$4.3M
Gross Margin
27.6%
Operating Margin
-202.1%
34.7%
Net Margin
-433.5%
17.7%
Revenue YoY
37.6%
-0.7%
Net Profit YoY
-227.1%
-7.2%
EPS (diluted)
$-1.50
$0.32

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
UHT
UHT
Q4 25
$24.5M
Q3 25
$30.8M
$25.3M
Q2 25
$15.5M
$24.9M
Q1 25
$24.5M
Q4 24
$24.6M
Q3 24
$22.4M
$24.5M
Q2 24
$21.1M
$24.7M
Q1 24
$25.1M
Net Profit
FLY
FLY
UHT
UHT
Q4 25
$4.3M
Q3 25
$-133.4M
$4.0M
Q2 25
$-63.8M
$4.5M
Q1 25
$4.8M
Q4 24
$4.7M
Q3 24
$-40.8M
$4.0M
Q2 24
$-53.5M
$5.3M
Q1 24
$5.3M
Gross Margin
FLY
FLY
UHT
UHT
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
UHT
UHT
Q4 25
34.7%
Q3 25
-202.1%
33.2%
Q2 25
-349.5%
35.6%
Q1 25
36.8%
Q4 24
37.6%
Q3 24
-152.9%
34.7%
Q2 24
-232.1%
38.7%
Q1 24
37.6%
Net Margin
FLY
FLY
UHT
UHT
Q4 25
17.7%
Q3 25
-433.5%
15.9%
Q2 25
-410.2%
18.1%
Q1 25
19.5%
Q4 24
18.9%
Q3 24
-182.3%
16.3%
Q2 24
-253.7%
21.3%
Q1 24
21.1%
EPS (diluted)
FLY
FLY
UHT
UHT
Q4 25
$0.32
Q3 25
$-1.50
$0.29
Q2 25
$-5.78
$0.32
Q1 25
$0.34
Q4 24
$0.34
Q3 24
$-3.57
$0.29
Q2 24
$-4.60
$0.38
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
FLY
FLY
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$995.2M
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$948.8M
$152.4M
Total Assets
$1.3B
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
UHT
UHT
Q4 25
$6.7M
Q3 25
$995.2M
$6.9M
Q2 25
$205.3M
$6.6M
Q1 25
$7.0M
Q4 24
$7.1M
Q3 24
$26.4M
$6.4M
Q2 24
$21.9M
$5.6M
Q1 24
$7.7M
Total Debt
FLY
FLY
UHT
UHT
Q4 25
$374.8M
Q3 25
Q2 25
$136.1M
Q1 25
Q4 24
$368.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLY
FLY
UHT
UHT
Q4 25
$152.4M
Q3 25
$948.8M
$158.6M
Q2 25
$-918.0M
$165.2M
Q1 25
$172.2M
Q4 24
$179.5M
Q3 24
$-665.5M
$181.6M
Q2 24
$-620.0M
$190.7M
Q1 24
$196.5M
Total Assets
FLY
FLY
UHT
UHT
Q4 25
$564.9M
Q3 25
$1.3B
$568.0M
Q2 25
$466.8M
$573.0M
Q1 25
$573.5M
Q4 24
$580.9M
Q3 24
$584.3M
Q2 24
$586.6M
Q1 24
$596.2M
Debt / Equity
FLY
FLY
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
Q3 24
Q2 24
Q1 24

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
UHT
UHT
Operating Cash FlowLast quarter
$-53.0M
$49.1M
Free Cash FlowOCF − Capex
$-62.0M
FCF MarginFCF / Revenue
-201.3%
Capex IntensityCapex / Revenue
29.0%
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
UHT
UHT
Q4 25
$49.1M
Q3 25
$-53.0M
$10.2M
Q2 25
$13.7M
Q1 25
$11.6M
Q4 24
$46.9M
Q3 24
$9.9M
Q2 24
$12.1M
Q1 24
$11.7M
Free Cash Flow
FLY
FLY
UHT
UHT
Q4 25
Q3 25
$-62.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
FLY
FLY
UHT
UHT
Q4 25
Q3 25
-201.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
FLY
FLY
UHT
UHT
Q4 25
Q3 25
29.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
FLY
FLY
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
10.06×
Q3 24
2.48×
Q2 24
2.30×
Q1 24
2.21×

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%

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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