vs

Side-by-side financial comparison of Northann Corp. (NCL) and AgEagle Aerial Systems Inc. (UAVS). Click either name above to swap in a different company.

Northann Corp. is the larger business by last-quarter revenue ($3.5M vs $2.0M, roughly 1.8× AgEagle Aerial Systems Inc.). AgEagle Aerial Systems Inc. runs the higher net margin — -132.7% vs -248.2%, a 115.5% gap on every dollar of revenue. On growth, Northann Corp. posted the faster year-over-year revenue change (38.6% vs -40.0%). Over the past eight quarters, Northann Corp.'s revenue compounded faster (28.1% CAGR vs -17.9%).

Northann Corp is a home furnishing enterprise specializing in the design, production and sales of home textile products, decorative accessories and related household goods. Its core markets cover North America, Western Europe and China, targeting mid-to-high end household consumer segments.

Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.

NCL vs UAVS — Head-to-Head

Bigger by revenue
NCL
NCL
1.8× larger
NCL
$3.5M
$2.0M
UAVS
Growing faster (revenue YoY)
NCL
NCL
+78.6% gap
NCL
38.6%
-40.0%
UAVS
Higher net margin
UAVS
UAVS
115.5% more per $
UAVS
-132.7%
-248.2%
NCL
Faster 2-yr revenue CAGR
NCL
NCL
Annualised
NCL
28.1%
-17.9%
UAVS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
NCL
NCL
UAVS
UAVS
Revenue
$3.5M
$2.0M
Net Profit
$-8.8M
$-2.6M
Gross Margin
-40.6%
38.5%
Operating Margin
-246.9%
-160.1%
Net Margin
-248.2%
-132.7%
Revenue YoY
38.6%
-40.0%
Net Profit YoY
-1872.0%
24.4%
EPS (diluted)
$-0.07
$-0.09

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
NCL
NCL
UAVS
UAVS
Q3 25
$3.5M
$2.0M
Q2 25
$1.7M
$4.2M
Q1 25
$3.4M
$3.6M
Q4 24
$4.3M
$2.8M
Q3 24
$2.6M
$3.3M
Q2 24
$3.9M
$3.4M
Q1 24
$4.6M
$3.9M
Q4 23
$2.9M
Net Profit
NCL
NCL
UAVS
UAVS
Q3 25
$-8.8M
$-2.6M
Q2 25
$-2.3M
$-1.3M
Q1 25
$-2.6M
$7.1M
Q4 24
$-3.9M
$-22.3M
Q3 24
$496.6K
$-3.5M
Q2 24
$-997.5K
$-2.9M
Q1 24
$60.0K
$-6.3M
Q4 23
$-24.5M
Gross Margin
NCL
NCL
UAVS
UAVS
Q3 25
-40.6%
38.5%
Q2 25
-53.6%
55.7%
Q1 25
11.4%
58.5%
Q4 24
-2.2%
40.6%
Q3 24
63.7%
49.7%
Q2 24
23.2%
45.8%
Q1 24
33.6%
50.2%
Q4 23
42.4%
Operating Margin
NCL
NCL
UAVS
UAVS
Q3 25
-246.9%
-160.1%
Q2 25
-128.6%
-49.3%
Q1 25
-74.9%
-27.5%
Q4 24
-32.2%
-207.0%
Q3 24
21.6%
-56.7%
Q2 24
-30.0%
-74.9%
Q1 24
7.1%
-61.5%
Q4 23
-825.7%
Net Margin
NCL
NCL
UAVS
UAVS
Q3 25
-248.2%
-132.7%
Q2 25
-132.5%
-30.5%
Q1 25
-76.5%
193.5%
Q4 24
-91.4%
-791.9%
Q3 24
19.4%
-105.3%
Q2 24
-25.6%
-86.4%
Q1 24
1.3%
-162.2%
Q4 23
-838.8%
EPS (diluted)
NCL
NCL
UAVS
UAVS
Q3 25
$-0.07
$-0.09
Q2 25
$-0.02
$-0.32
Q1 25
$-0.03
$-0.09
Q4 24
$-0.16
$52.35
Q3 24
$0.02
$-16.03
Q2 24
$-0.04
$-12.06
Q1 24
$0.01
$-70.50
Q4 23
$-510.27

Balance Sheet & Financial Strength

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

Metric
NCL
NCL
UAVS
UAVS
Cash + ST InvestmentsLiquidity on hand
$40.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8M
$28.3M
Total Assets
$15.0M
$34.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NCL
NCL
UAVS
UAVS
Q3 25
$40.9K
Q2 25
$1.1M
Q1 25
$3.8M
Q4 24
$245.2K
$3.6M
Q3 24
$265.1K
Q2 24
$977.2K
Q1 24
$822.9K
Q4 23
$819.0K
Total Debt
NCL
NCL
UAVS
UAVS
Q3 25
Q2 25
Q1 25
$420.4K
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
$4.5M
Stockholders' Equity
NCL
NCL
UAVS
UAVS
Q3 25
$1.8M
$28.3M
Q2 25
$4.4M
$16.3M
Q1 25
$3.9M
$4.2M
Q4 24
$2.6M
$-5.7M
Q3 24
$1.4M
$6.2M
Q2 24
$969.0K
$8.1M
Q1 24
$712.3K
$9.1M
Q4 23
$10.7M
Total Assets
NCL
NCL
UAVS
UAVS
Q3 25
$15.0M
$34.5M
Q2 25
$16.5M
$23.2M
Q1 25
$16.5M
$20.2M
Q4 24
$13.9M
$20.6M
Q3 24
$14.6M
$22.0M
Q2 24
$13.1M
$22.8M
Q1 24
$13.2M
$23.2M
Q4 23
$25.2M
Debt / Equity
NCL
NCL
UAVS
UAVS
Q3 25
Q2 25
Q1 25
0.10×
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
0.42×

Cash Flow & Capital Efficiency

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

Metric
NCL
NCL
UAVS
UAVS
Operating Cash FlowLast quarter
$-15.6K
$-3.3M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-168.0%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NCL
NCL
UAVS
UAVS
Q3 25
$-15.6K
$-3.3M
Q2 25
$-2.8M
$-2.7M
Q1 25
$-1.0M
$-1.3M
Q4 24
$-1.6M
$-2.5M
Q3 24
$169.7K
$-1.1M
Q2 24
$-122.2K
$-1.4M
Q1 24
$297.9K
$-1.6M
Q4 23
$-2.1M
Free Cash Flow
NCL
NCL
UAVS
UAVS
Q3 25
$-3.3M
Q2 25
$-2.8M
Q1 25
$-1.3M
Q4 24
$-2.5M
Q3 24
$-1.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
Q4 23
$-2.2M
FCF Margin
NCL
NCL
UAVS
UAVS
Q3 25
-168.0%
Q2 25
-65.7%
Q1 25
-35.8%
Q4 24
-89.7%
Q3 24
-32.7%
Q2 24
-42.5%
Q1 24
-40.5%
Q4 23
-76.9%
Capex Intensity
NCL
NCL
UAVS
UAVS
Q3 25
0.7%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.6%
Q4 23
4.1%
Cash Conversion
NCL
NCL
UAVS
UAVS
Q3 25
Q2 25
Q1 25
-0.18×
Q4 24
Q3 24
0.34×
Q2 24
Q1 24
4.96×
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

NCL
NCL

Segment breakdown not available.

UAVS
UAVS

Drones Segment$1.1M54%
Other$912.5K46%

Related Comparisons