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Side-by-side financial comparison of Newton Golf Company, Inc. (NWTG) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.
Virgin Galactic Holdings, Inc is the larger business by last-quarter revenue ($4.2M vs $2.3M, roughly 1.9× Newton Golf Company, Inc.). Newton Golf Company, Inc. runs the higher net margin — -105.3% vs -2222.2%, a 2116.9% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 112.4%). Newton Golf Company, Inc. produced more free cash flow last quarter ($-1.1M vs $-113.5M).
Bridgestone Golf, Inc. is a sports equipment company based in Covington, Georgia, United States. The company is a subsidiary of Bridgestone. It designs and manufactures a full range of golf equipment including balls, clubs, and accessories utilizing both the Bridgestone and Precept brand names.
Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.
NWTG vs SPCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $2.3M | $4.2M |
| Net Profit | $-2.4M | $-93.8M |
| Gross Margin | 25.0% | -546.6% |
| Operating Margin | -112.8% | -2412.1% |
| Net Margin | -105.3% | -2222.2% |
| Revenue YoY | 112.4% | 125.5% |
| Net Profit YoY | 71.3% | 30.2% |
| EPS (diluted) | $-0.40 | $-4.36 |
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 | $2.3M | — | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.2M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | $813.0K | $4.2M | ||
| Q1 24 | $350.0K | $2.0M |
| Q4 25 | $-2.4M | — | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-1.5M | — | ||
| Q1 25 | $-525.0K | — | ||
| Q4 24 | $-8.3M | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-1.2M | $-93.8M | ||
| Q1 24 | $-1.2M | $-102.0M |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 67.2% | — | ||
| Q2 25 | 67.6% | — | ||
| Q1 25 | 70.4% | — | ||
| Q4 24 | 72.3% | — | ||
| Q3 24 | 66.5% | — | ||
| Q2 24 | 60.1% | -546.6% | ||
| Q1 24 | 58.9% | -1038.1% |
| Q4 25 | -112.8% | — | ||
| Q3 25 | -58.2% | — | ||
| Q2 25 | -72.9% | — | ||
| Q1 25 | -162.9% | — | ||
| Q4 24 | -133.6% | — | ||
| Q3 24 | -90.0% | — | ||
| Q2 24 | -147.8% | -2412.1% | ||
| Q1 24 | -358.6% | -5599.9% |
| Q4 25 | -105.3% | — | ||
| Q3 25 | -61.2% | — | ||
| Q2 25 | -73.5% | — | ||
| Q1 25 | -43.4% | — | ||
| Q4 24 | -779.1% | — | ||
| Q3 24 | -87.5% | — | ||
| Q2 24 | -142.1% | -2222.2% | ||
| Q1 24 | -340.9% | -5139.1% |
| Q4 25 | $-0.40 | — | ||
| Q3 25 | $-0.34 | — | ||
| Q2 25 | $-0.34 | — | ||
| Q1 25 | $-0.55 | — | ||
| Q4 24 | $-131.23 | — | ||
| Q3 24 | $-21.79 | — | ||
| Q2 24 | $-0.79 | $-4.36 | ||
| Q1 24 | $-24.52 | $-5.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3M | $775.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $926.0K | $394.8M |
| Total Assets | $3.3M | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3M | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | $5.9M | — | ||
| Q4 24 | $7.7M | — | ||
| Q3 24 | $1.3M | — | ||
| Q2 24 | $2.8M | $775.7M | ||
| Q1 24 | $4.1M | $765.2M |
| Q4 25 | $926.0K | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $6.2M | — | ||
| Q4 24 | $-5.2M | — | ||
| Q3 24 | $2.6M | — | ||
| Q2 24 | $3.6M | $394.8M | ||
| Q1 24 | $4.7M | $417.6M |
| Q4 25 | $3.3M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $6.5M | — | ||
| Q1 25 | $8.2M | — | ||
| Q4 24 | $9.8M | — | ||
| Q3 24 | $3.4M | — | ||
| Q2 24 | $4.2M | $1.1B | ||
| Q1 24 | $5.3M | $1.1B |
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 | $-1.1M | $-79.1M |
| Free Cash FlowOCF − Capex | $-1.1M | $-113.5M |
| FCF MarginFCF / Revenue | -50.5% | -2690.7% |
| Capex IntensityCapex / Revenue | 3.7% | 815.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-5.6M | $-458.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $-1.3M | — | ||
| Q2 25 | $-1.2M | — | ||
| Q1 25 | $-1.6M | — | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-1.2M | $-79.1M | ||
| Q1 24 | $-1.2M | $-113.2M |
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $-1.4M | — | ||
| Q2 25 | $-1.4M | — | ||
| Q1 25 | $-1.7M | — | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-1.4M | — | ||
| Q2 24 | $-1.3M | $-113.5M | ||
| Q1 24 | $-1.2M | $-126.3M |
| Q4 25 | -50.5% | — | ||
| Q3 25 | -54.9% | — | ||
| Q2 25 | -66.4% | — | ||
| Q1 25 | -140.1% | — | ||
| Q4 24 | -143.5% | — | ||
| Q3 24 | -112.7% | — | ||
| Q2 24 | -159.3% | -2690.7% | ||
| Q1 24 | -352.6% | -6362.8% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 12.9% | 815.5% | ||
| Q1 24 | 23.7% | 658.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NWTG
| Online Sales | $2.1M | 93% |
| Other | $151.0K | 7% |
SPCE
Segment breakdown not available.
