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Side-by-side financial comparison of NEXTNAV INC. (NN) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

ReTo Eco-Solutions, Inc. is the larger business by last-quarter revenue ($1.0M vs $945.0K, roughly 1.1× NEXTNAV INC.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -7191.7%, a 7060.2% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -50.5%). ReTo Eco-Solutions, Inc. produced more free cash flow last quarter ($-1.7M vs $-16.1M).

NextNav Inc. is a specialized technology company focused on high-precision 3D geolocation and positioning solutions. Its services deliver accurate vertical location data for public safety operations, IoT use cases, mobile network management, and commercial location services, catering to enterprise and government clients across North America and select global markets.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

NN vs RETO — Head-to-Head

Bigger by revenue
RETO
RETO
1.1× larger
RETO
$1.0M
$945.0K
NN
Growing faster (revenue YoY)
RETO
RETO
+87.1% gap
RETO
36.6%
-50.5%
NN
Higher net margin
RETO
RETO
7060.2% more per $
RETO
-131.6%
-7191.7%
NN
More free cash flow
RETO
RETO
$14.4M more FCF
RETO
$-1.7M
$-16.1M
NN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NN
NN
RETO
RETO
Revenue
$945.0K
$1.0M
Net Profit
$-68.0M
$-1.4M
Gross Margin
17.7%
Operating Margin
-1706.1%
-133.0%
Net Margin
-7191.7%
-131.6%
Revenue YoY
-50.5%
36.6%
Net Profit YoY
-110.6%
-103.5%
EPS (diluted)
$-0.37

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
NN
NN
RETO
RETO
Q4 25
$945.0K
Q3 25
$887.0K
Q2 25
$1.2M
$1.0M
Q1 25
$1.5M
Q4 24
$1.9M
Q3 24
$1.6M
Q2 24
$1.1M
$768.4K
Q1 24
$1.0M
Net Profit
NN
NN
RETO
RETO
Q4 25
$-68.0M
Q3 25
$483.0K
Q2 25
$-63.2M
$-1.4M
Q1 25
$-58.6M
Q4 24
$-32.3M
Q3 24
$-13.6M
Q2 24
$-24.4M
$-678.5K
Q1 24
$-31.6M
Gross Margin
NN
NN
RETO
RETO
Q4 25
Q3 25
Q2 25
17.7%
Q1 25
Q4 24
Q3 24
Q2 24
43.3%
Q1 24
Operating Margin
NN
NN
RETO
RETO
Q4 25
-1706.1%
Q3 25
-2239.6%
Q2 25
-1434.3%
-133.0%
Q1 25
-1104.9%
Q4 24
-772.6%
Q3 24
-862.0%
Q2 24
-1387.5%
-68.0%
Q1 24
-1544.0%
Net Margin
NN
NN
RETO
RETO
Q4 25
-7191.7%
Q3 25
54.5%
Q2 25
-5257.5%
-131.6%
Q1 25
-3806.3%
Q4 24
-1688.6%
Q3 24
-846.9%
Q2 24
-2207.2%
-88.3%
Q1 24
-3022.0%
EPS (diluted)
NN
NN
RETO
RETO
Q4 25
$-0.37
Q3 25
$-0.12
Q2 25
$-0.48
Q1 25
$-0.45
Q4 24
$-0.24
Q3 24
$-0.11
Q2 24
$-0.21
$-0.25
Q1 24
$-0.28

Balance Sheet & Financial Strength

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

Metric
NN
NN
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$259.5M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-86.2M
$30.4M
Total Assets
$247.0M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NN
NN
RETO
RETO
Q4 25
$259.5M
Q3 25
$167.6M
Q2 25
$176.1M
$2.5M
Q1 25
$188.4M
Q4 24
$80.1M
Q3 24
$86.8M
Q2 24
$86.3M
$1.6M
Q1 24
$79.2M
Stockholders' Equity
NN
NN
RETO
RETO
Q4 25
$-86.2M
Q3 25
$-22.1M
Q2 25
$-47.2M
$30.4M
Q1 25
$6.6M
Q4 24
$50.1M
Q3 24
$65.6M
Q2 24
$63.8M
$13.3M
Q1 24
$55.9M
Total Assets
NN
NN
RETO
RETO
Q4 25
$247.0M
Q3 25
$263.1M
Q2 25
$256.7M
$41.4M
Q1 25
$268.6M
Q4 24
$161.7M
Q3 24
$171.7M
Q2 24
$172.3M
$33.7M
Q1 24
$165.6M

Cash Flow & Capital Efficiency

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

Metric
NN
NN
RETO
RETO
Operating Cash FlowLast quarter
$-16.1M
$-1.6M
Free Cash FlowOCF − Capex
$-16.1M
$-1.7M
FCF MarginFCF / Revenue
-1702.9%
-157.4%
Capex IntensityCapex / Revenue
1.6%
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NN
NN
RETO
RETO
Q4 25
$-16.1M
Q3 25
$-9.0M
Q2 25
$-13.5M
$-1.6M
Q1 25
$-12.2M
Q4 24
$-11.9M
Q3 24
$-6.8M
Q2 24
$-12.3M
$-4.8M
Q1 24
$-7.0M
Free Cash Flow
NN
NN
RETO
RETO
Q4 25
$-16.1M
Q3 25
$-9.0M
Q2 25
$-13.6M
$-1.7M
Q1 25
$-12.2M
Q4 24
$-12.1M
Q3 24
$-6.8M
Q2 24
$-12.4M
Q1 24
$-7.0M
FCF Margin
NN
NN
RETO
RETO
Q4 25
-1702.9%
Q3 25
-1011.6%
Q2 25
-1127.4%
-157.4%
Q1 25
-793.3%
Q4 24
-634.0%
Q3 24
-422.0%
Q2 24
-1126.1%
Q1 24
-670.8%
Capex Intensity
NN
NN
RETO
RETO
Q4 25
1.6%
Q3 25
0.9%
Q2 25
2.2%
5.1%
Q1 25
1.9%
Q4 24
8.8%
Q3 24
0.1%
Q2 24
13.5%
Q1 24
3.1%
Cash Conversion
NN
NN
RETO
RETO
Q4 25
Q3 25
-18.56×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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