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

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $17.3M, roughly 1.5× PARK AEROSPACE CORP). PARK AEROSPACE CORP runs the higher net margin — 17.0% vs -193.3%, a 210.3% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 20.3%).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

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...

NAAS vs PKE — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.5× larger
NAAS
$25.9M
$17.3M
PKE
Growing faster (revenue YoY)
NAAS
NAAS
+100.9% gap
NAAS
121.2%
20.3%
PKE
Higher net margin
PKE
PKE
210.3% more per $
PKE
17.0%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q3 FY2026

Metric
NAAS
NAAS
PKE
PKE
Revenue
$25.9M
$17.3M
Net Profit
$-50.0M
$3.0M
Gross Margin
29.2%
34.1%
Operating Margin
-144.2%
21.0%
Net Margin
-193.3%
17.0%
Revenue YoY
121.2%
20.3%
Net Profit YoY
18.4%
87.1%
EPS (diluted)
$-0.02
$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
NAAS
NAAS
PKE
PKE
Q4 25
$17.3M
Q3 25
$16.4M
Q2 25
$15.4M
Q1 25
$16.9M
Q4 24
$14.4M
Q3 24
$16.7M
Q2 24
$25.9M
$14.0M
Q1 24
$16.3M
Net Profit
NAAS
NAAS
PKE
PKE
Q4 25
$3.0M
Q3 25
$2.4M
Q2 25
$2.1M
Q1 25
$1.2M
Q4 24
$1.6M
Q3 24
$2.1M
Q2 24
$-50.0M
$993.0K
Q1 24
$2.7M
Gross Margin
NAAS
NAAS
PKE
PKE
Q4 25
34.1%
Q3 25
31.2%
Q2 25
30.6%
Q1 25
29.3%
Q4 24
26.6%
Q3 24
28.5%
Q2 24
29.2%
29.3%
Q1 24
27.3%
Operating Margin
NAAS
NAAS
PKE
PKE
Q4 25
21.0%
Q3 25
17.4%
Q2 25
15.7%
Q1 25
16.8%
Q4 24
12.8%
Q3 24
15.7%
Q2 24
-144.2%
14.9%
Q1 24
15.7%
Net Margin
NAAS
NAAS
PKE
PKE
Q4 25
17.0%
Q3 25
14.7%
Q2 25
13.5%
Q1 25
7.4%
Q4 24
10.9%
Q3 24
12.4%
Q2 24
-193.3%
7.1%
Q1 24
16.3%
EPS (diluted)
NAAS
NAAS
PKE
PKE
Q4 25
$0.15
Q3 25
$0.12
Q2 25
$0.10
Q1 25
$0.06
Q4 24
$0.08
Q3 24
$0.10
Q2 24
$-0.02
$0.05
Q1 24
$0.13

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
PKE
PKE
Cash + ST InvestmentsLiquidity on hand
$24.7M
$63.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$106.6M
Total Assets
$180.2M
$118.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
PKE
PKE
Q4 25
$63.6M
Q3 25
$61.6M
Q2 25
$65.6M
Q1 25
$68.8M
Q4 24
$70.0M
Q3 24
$72.0M
Q2 24
$24.7M
$74.4M
Q1 24
$77.2M
Stockholders' Equity
NAAS
NAAS
PKE
PKE
Q4 25
$106.6M
Q3 25
$105.8M
Q2 25
$105.0M
Q1 25
$107.2M
Q4 24
$107.4M
Q3 24
$110.3M
Q2 24
$-33.4M
$111.7M
Q1 24
$112.9M
Total Assets
NAAS
NAAS
PKE
PKE
Q4 25
$118.1M
Q3 25
$116.4M
Q2 25
$120.7M
Q1 25
$122.1M
Q4 24
$124.2M
Q3 24
$125.1M
Q2 24
$180.2M
$129.4M
Q1 24
$132.3M

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
PKE
PKE
Operating Cash FlowLast quarter
$-25.7M
$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
NAAS
NAAS
PKE
PKE
Q4 25
$5.1M
Q3 25
$-2.1M
Q2 25
$1.6M
Q1 25
$969.0K
Q4 24
$2.7M
Q3 24
$1.4M
Q2 24
$-25.7M
$-423.0K
Q1 24
$5.3M
Free Cash Flow
NAAS
NAAS
PKE
PKE
Q4 25
$4.3M
Q3 25
$-2.3M
Q2 25
$1.1M
Q1 25
$338.0K
Q4 24
$2.7M
Q3 24
$1.3M
Q2 24
$-435.0K
Q1 24
$5.1M
FCF Margin
NAAS
NAAS
PKE
PKE
Q4 25
24.6%
Q3 25
-14.0%
Q2 25
7.2%
Q1 25
2.0%
Q4 24
18.6%
Q3 24
7.5%
Q2 24
-3.1%
Q1 24
31.4%
Capex Intensity
NAAS
NAAS
PKE
PKE
Q4 25
4.8%
Q3 25
1.1%
Q2 25
3.1%
Q1 25
3.7%
Q4 24
0.4%
Q3 24
1.2%
Q2 24
0.1%
Q1 24
1.0%
Cash Conversion
NAAS
NAAS
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

NAAS
NAAS

Segment breakdown not available.

PKE
PKE

North America$16.8M97%
Other$546.0K3%

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