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Side-by-side financial comparison of IRIDEX CORP (IRIX) and PARK AEROSPACE CORP (PKE). Click either name above to swap in a different company.

PARK AEROSPACE CORP is the larger business by last-quarter revenue ($17.3M vs $14.7M, roughly 1.2× IRIDEX CORP). On growth, PARK AEROSPACE CORP posted the faster year-over-year revenue change (20.3% vs -69.7%). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs 3.0%).

IRIDEX Corporation is a global medical technology company that designs, manufactures and distributes advanced laser-based medical devices, primarily serving the ophthalmology and aesthetic medicine sectors. It supplies products to healthcare providers, clinics and medical facilities across North America, Europe, Asia Pacific and other regions, delivering minimally invasive solutions for eye disease treatment and cosmetic procedures.

Park Electrochemical Corp, now called the Park Aerospace Corp, is a Melville, New York-based materials manufacturer for the telecommunications, Internet infrastructure, high-end computing, and aerospace industries. It produces high-technology digital and radio frequency(RF)/microwave printed circuit material products, composite materials. Its printed circuit materials are used for complex multilayer printed circuit boards and other electronic interconnection systems, such as multilayer back-p...

IRIX vs PKE — Head-to-Head

Bigger by revenue
PKE
PKE
1.2× larger
PKE
$17.3M
$14.7M
IRIX
Growing faster (revenue YoY)
PKE
PKE
+90.0% gap
PKE
20.3%
-69.7%
IRIX
Faster 2-yr revenue CAGR
IRIX
IRIX
Annualised
IRIX
11.9%
3.0%
PKE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IRIX
IRIX
PKE
PKE
Revenue
$14.7M
$17.3M
Net Profit
$3.0M
Gross Margin
37.2%
34.1%
Operating Margin
21.0%
Net Margin
17.0%
Revenue YoY
-69.7%
20.3%
Net Profit YoY
87.1%
EPS (diluted)
$0.15

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
IRIX
IRIX
PKE
PKE
Q4 25
$14.7M
$17.3M
Q3 25
$12.5M
$16.4M
Q2 25
$13.6M
$15.4M
Q1 25
$11.9M
$16.9M
Q4 24
$12.7M
$14.4M
Q3 24
$11.6M
$16.7M
Q2 24
$12.6M
$14.0M
Q1 24
$11.8M
$16.3M
Net Profit
IRIX
IRIX
PKE
PKE
Q4 25
$3.0M
Q3 25
$-1.6M
$2.4M
Q2 25
$-994.0K
$2.1M
Q1 25
$-1.7M
$1.2M
Q4 24
$-834.0K
$1.6M
Q3 24
$-1.9M
$2.1M
Q2 24
$-2.7M
$993.0K
Q1 24
$-3.5M
$2.7M
Gross Margin
IRIX
IRIX
PKE
PKE
Q4 25
37.2%
34.1%
Q3 25
32.1%
31.2%
Q2 25
34.5%
30.6%
Q1 25
42.5%
29.3%
Q4 24
44.0%
26.6%
Q3 24
37.3%
28.5%
Q2 24
40.7%
29.3%
Q1 24
37.9%
27.3%
Operating Margin
IRIX
IRIX
PKE
PKE
Q4 25
21.0%
Q3 25
-11.3%
17.4%
Q2 25
-6.9%
15.7%
Q1 25
-1.7%
16.8%
Q4 24
-3.9%
12.8%
Q3 24
-16.1%
15.7%
Q2 24
-20.9%
14.9%
Q1 24
-28.0%
15.7%
Net Margin
IRIX
IRIX
PKE
PKE
Q4 25
17.0%
Q3 25
-12.6%
14.7%
Q2 25
-7.3%
13.5%
Q1 25
-14.2%
7.4%
Q4 24
-6.6%
10.9%
Q3 24
-16.7%
12.4%
Q2 24
-21.2%
7.1%
Q1 24
-29.5%
16.3%
EPS (diluted)
IRIX
IRIX
PKE
PKE
Q4 25
$0.15
Q3 25
$-0.09
$0.12
Q2 25
$-0.06
$0.10
Q1 25
$-0.10
$0.06
Q4 24
$-0.05
$0.08
Q3 24
$-0.12
$0.10
Q2 24
$-0.16
$0.05
Q1 24
$-0.21
$0.13

Balance Sheet & Financial Strength

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

Metric
IRIX
IRIX
PKE
PKE
Cash + ST InvestmentsLiquidity on hand
$6.0M
$63.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.6M
Total Assets
$29.2M
$118.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRIX
IRIX
PKE
PKE
Q4 25
$6.0M
$63.6M
Q3 25
$5.6M
$61.6M
Q2 25
$6.8M
$65.6M
Q1 25
$7.2M
$68.8M
Q4 24
$2.4M
$70.0M
Q3 24
$3.9M
$72.0M
Q2 24
$4.1M
$74.4M
Q1 24
$5.4M
$77.2M
Total Debt
IRIX
IRIX
PKE
PKE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.0M
Q3 24
$1.4M
Q2 24
Q1 24
Stockholders' Equity
IRIX
IRIX
PKE
PKE
Q4 25
$106.6M
Q3 25
$4.7M
$105.8M
Q2 25
$6.1M
$105.0M
Q1 25
$852.0K
$107.2M
Q4 24
$2.1M
$107.4M
Q3 24
$2.6M
$110.3M
Q2 24
$4.2M
$111.7M
Q1 24
$6.5M
$112.9M
Total Assets
IRIX
IRIX
PKE
PKE
Q4 25
$29.2M
$118.1M
Q3 25
$28.4M
$116.4M
Q2 25
$31.6M
$120.7M
Q1 25
$34.2M
$122.1M
Q4 24
$29.1M
$124.2M
Q3 24
$30.2M
$125.1M
Q2 24
$31.2M
$129.4M
Q1 24
$34.1M
$132.3M
Debt / Equity
IRIX
IRIX
PKE
PKE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.48×
Q3 24
0.53×
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
IRIX
IRIX
PKE
PKE
Operating Cash FlowLast quarter
$5.1M
Free Cash FlowOCF − Capex
$4.3M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
1.73×
TTM Free Cash FlowTrailing 4 quarters
$3.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRIX
IRIX
PKE
PKE
Q4 25
$5.1M
Q3 25
$-1.2M
$-2.1M
Q2 25
$-397.0K
$1.6M
Q1 25
$-1.1M
$969.0K
Q4 24
$-1.2M
$2.7M
Q3 24
$-3.1M
$1.4M
Q2 24
$-1.3M
$-423.0K
Q1 24
$-1.6M
$5.3M
Free Cash Flow
IRIX
IRIX
PKE
PKE
Q4 25
$4.3M
Q3 25
$-1.2M
$-2.3M
Q2 25
$-410.0K
$1.1M
Q1 25
$-1.2M
$338.0K
Q4 24
$-1.2M
$2.7M
Q3 24
$-3.1M
$1.3M
Q2 24
$-435.0K
Q1 24
$-1.7M
$5.1M
FCF Margin
IRIX
IRIX
PKE
PKE
Q4 25
24.6%
Q3 25
-9.4%
-14.0%
Q2 25
-3.0%
7.2%
Q1 25
-9.8%
2.0%
Q4 24
-9.8%
18.6%
Q3 24
-26.5%
7.5%
Q2 24
-3.1%
Q1 24
-14.0%
31.4%
Capex Intensity
IRIX
IRIX
PKE
PKE
Q4 25
4.8%
Q3 25
0.1%
1.1%
Q2 25
0.1%
3.1%
Q1 25
0.1%
3.7%
Q4 24
0.1%
0.4%
Q3 24
0.0%
1.2%
Q2 24
0.0%
0.1%
Q1 24
0.0%
1.0%
Cash Conversion
IRIX
IRIX
PKE
PKE
Q4 25
1.73×
Q3 25
-0.88×
Q2 25
0.76×
Q1 25
0.78×
Q4 24
1.73×
Q3 24
0.70×
Q2 24
-0.43×
Q1 24
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRIX
IRIX

Segment breakdown not available.

PKE
PKE

North America$16.8M97%
Other$546.0K3%

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