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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $92.1M, roughly 1.8× FLYEXCLUSIVE INC.). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -4.6%, a 30.0% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 4.9%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
FLYX vs PRK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $168.3M |
| Net Profit | $-4.3M | $42.6M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | — |
| Net Margin | -4.6% | 25.3% |
| Revenue YoY | 19.8% | 2.2% |
| Net Profit YoY | 32.0% | 10.4% |
| EPS (diluted) | $-0.25 | $2.62 |
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.
| Q4 25 | — | $168.3M | ||
| Q3 25 | $92.1M | $169.5M | ||
| Q2 25 | $91.3M | $168.7M | ||
| Q1 25 | $88.1M | $157.9M | ||
| Q4 24 | — | $164.7M | ||
| Q3 24 | $76.9M | $170.3M | ||
| Q2 24 | $79.0M | $157.7M | ||
| Q1 24 | $80.0M | $152.8M |
| Q4 25 | — | $42.6M | ||
| Q3 25 | $-4.3M | $47.2M | ||
| Q2 25 | $-4.8M | $48.1M | ||
| Q1 25 | $-5.4M | $42.2M | ||
| Q4 24 | — | $38.6M | ||
| Q3 24 | $-6.3M | $38.2M | ||
| Q2 24 | $-5.2M | $39.4M | ||
| Q1 24 | $-5.8M | $35.2M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | -12.3% | 34.3% | ||
| Q2 25 | -13.5% | 35.2% | ||
| Q1 25 | -16.7% | 32.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -27.2% | 27.4% | ||
| Q2 24 | -27.6% | 30.6% | ||
| Q1 24 | -34.3% | 27.8% |
| Q4 25 | — | 25.3% | ||
| Q3 25 | -4.6% | 27.8% | ||
| Q2 25 | -5.2% | 28.5% | ||
| Q1 25 | -6.2% | 26.7% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | -8.2% | 22.4% | ||
| Q2 24 | -6.5% | 25.0% | ||
| Q1 24 | -7.3% | 23.0% |
| Q4 25 | — | $2.62 | ||
| Q3 25 | $-0.25 | $2.92 | ||
| Q2 25 | $-0.26 | $2.97 | ||
| Q1 25 | $-0.30 | $2.60 | ||
| Q4 24 | — | $2.38 | ||
| Q3 24 | $-0.32 | $2.35 | ||
| Q2 24 | $-0.32 | $2.42 | ||
| Q1 24 | $-0.35 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $233.5M |
| Total DebtLower is stronger | $123.9M | — |
| Stockholders' EquityBook value | $-434.2M | $1.4B |
| Total Assets | $448.1M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $233.5M | ||
| Q3 25 | $18.7M | $218.9M | ||
| Q2 25 | $15.8M | $193.1M | ||
| Q1 25 | $14.7M | $237.6M | ||
| Q4 24 | — | $160.6M | ||
| Q3 24 | $18.7M | $201.7M | ||
| Q2 24 | $9.3M | $261.5M | ||
| Q1 24 | $5.3M | $306.1M |
| Q4 25 | — | — | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $-434.2M | $1.3B | ||
| Q2 25 | $-261.4M | $1.3B | ||
| Q1 25 | $-281.5M | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $-192.0M | $1.2B | ||
| Q2 24 | $-149.7M | $1.2B | ||
| Q1 24 | $-149.5M | $1.2B |
| Q4 25 | — | $9.8B | ||
| Q3 25 | $448.1M | $9.9B | ||
| Q2 25 | $443.4M | $9.9B | ||
| Q1 25 | $466.8M | $9.9B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | $487.1M | $9.9B | ||
| Q2 24 | $494.7M | $9.9B | ||
| Q1 24 | $524.1M | $9.9B |
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 | $-209.0K | $198.3M |
| Free Cash FlowOCF − Capex | $-11.0M | $191.9M |
| FCF MarginFCF / Revenue | -12.0% | 114.1% |
| Capex IntensityCapex / Revenue | 11.7% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $198.3M | ||
| Q3 25 | $-209.0K | $52.6M | ||
| Q2 25 | $363.0K | $49.7M | ||
| Q1 25 | $-10.5M | $37.9M | ||
| Q4 24 | — | $178.8M | ||
| Q3 24 | $-12.3M | $43.8M | ||
| Q2 24 | $-16.2M | $50.9M | ||
| Q1 24 | $-26.0M | $35.0M |
| Q4 25 | — | $191.9M | ||
| Q3 25 | $-11.0M | $51.1M | ||
| Q2 25 | $353.0K | $48.4M | ||
| Q1 25 | $-14.6M | $36.8M | ||
| Q4 24 | — | $169.7M | ||
| Q3 24 | $-25.7M | $41.7M | ||
| Q2 24 | $-26.6M | $49.0M | ||
| Q1 24 | $-64.5M | $31.9M |
| Q4 25 | — | 114.1% | ||
| Q3 25 | -12.0% | 30.1% | ||
| Q2 25 | 0.4% | 28.7% | ||
| Q1 25 | -16.5% | 23.3% | ||
| Q4 24 | — | 103.0% | ||
| Q3 24 | -33.5% | 24.5% | ||
| Q2 24 | -33.7% | 31.1% | ||
| Q1 24 | -80.6% | 20.8% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | 11.7% | 0.9% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 4.7% | 0.7% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | 17.5% | 1.2% | ||
| Q2 24 | 13.2% | 1.2% | ||
| Q1 24 | 48.2% | 2.1% |
| Q4 25 | — | 4.65× | ||
| Q3 25 | — | 1.11× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
