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Side-by-side financial comparison of Phoenix Asia Holdings Ltd (PHOE) and AIRWA INC. (YYAI). Click either name above to swap in a different company.

Phoenix Asia Holdings Ltd is the larger business by last-quarter revenue ($3.8M vs $3.0M, roughly 1.3× AIRWA INC.). Phoenix Asia Holdings Ltd runs the higher net margin — 16.7% vs -7.4%, a 24.1% gap on every dollar of revenue.

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...

PHOE vs YYAI — Head-to-Head

Bigger by revenue
PHOE
PHOE
1.3× larger
PHOE
$3.8M
$3.0M
YYAI
Higher net margin
PHOE
PHOE
24.1% more per $
PHOE
16.7%
-7.4%
YYAI

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
PHOE
PHOE
YYAI
YYAI
Revenue
$3.8M
$3.0M
Net Profit
$631.4K
$-221.8K
Gross Margin
28.5%
75.2%
Operating Margin
19.8%
1.8%
Net Margin
16.7%
-7.4%
Revenue YoY
729.8%
Net Profit YoY
83.8%
EPS (diluted)
$-0.05

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
PHOE
PHOE
YYAI
YYAI
Q4 25
$3.0M
Q3 25
$3.8M
$3.0M
Q2 25
$3.0M
Q1 25
$3.3M
Q4 24
$3.3M
Q3 24
$3.3M
Q2 24
$-701.1K
Q4 23
$2.3M
Net Profit
PHOE
PHOE
YYAI
YYAI
Q4 25
$-221.8K
Q3 25
$631.4K
$1.3M
Q2 25
$552.2K
Q1 25
$-411.2K
Q4 24
$-1.4M
Q3 24
$-4.2M
Q2 24
Q4 23
$1.8M
Gross Margin
PHOE
PHOE
YYAI
YYAI
Q4 25
75.2%
Q3 25
28.5%
75.2%
Q2 25
75.2%
Q1 25
77.3%
Q4 24
77.3%
Q3 24
77.3%
Q2 24
Q4 23
28.2%
Operating Margin
PHOE
PHOE
YYAI
YYAI
Q4 25
1.8%
Q3 25
19.8%
49.7%
Q2 25
42.7%
Q1 25
16.2%
Q4 24
71.2%
Q3 24
74.6%
Q2 24
Q4 23
-55.5%
Net Margin
PHOE
PHOE
YYAI
YYAI
Q4 25
-7.4%
Q3 25
16.7%
42.0%
Q2 25
18.4%
Q1 25
-12.6%
Q4 24
-41.7%
Q3 24
-129.0%
Q2 24
Q4 23
76.8%
EPS (diluted)
PHOE
PHOE
YYAI
YYAI
Q4 25
$-0.05
Q3 25
Q2 25
Q1 25
$-1.41
Q4 24
$6.43
Q3 24
$-1.91
Q2 24
$-30.98
Q4 23
$0.42

Balance Sheet & Financial Strength

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

Metric
PHOE
PHOE
YYAI
YYAI
Cash + ST InvestmentsLiquidity on hand
$1.5M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$165.4M
Total Assets
$8.7M
$172.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHOE
PHOE
YYAI
YYAI
Q4 25
$107.0M
Q3 25
$1.5M
$2.5M
Q2 25
$1.4M
Q1 25
$4.3M
Q4 24
$18.1M
Q3 24
$18.2M
Q2 24
$1.8M
Q4 23
$285.9K
Stockholders' Equity
PHOE
PHOE
YYAI
YYAI
Q4 25
$165.4M
Q3 25
$7.5M
$26.2M
Q2 25
$25.3M
Q1 25
$26.1M
Q4 24
$8.0M
Q3 24
$9.4M
Q2 24
$9.6M
Q4 23
$-14.4M
Total Assets
PHOE
PHOE
YYAI
YYAI
Q4 25
$172.1M
Q3 25
$8.7M
$34.7M
Q2 25
$32.9M
Q1 25
$30.7M
Q4 24
$21.6M
Q3 24
$23.2M
Q2 24
$23.2M
Q4 23
$5.5M

Cash Flow & Capital Efficiency

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

Metric
PHOE
PHOE
YYAI
YYAI
Operating Cash FlowLast quarter
$-30.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHOE
PHOE
YYAI
YYAI
Q4 25
$-30.8M
Q3 25
$-1.1M
Q2 25
$-423.7K
Q1 25
$-133.8K
Q4 24
$779.4K
Q3 24
$-601.3K
Q2 24
$-460.3K
Q4 23
$-915.3K
Cash Conversion
PHOE
PHOE
YYAI
YYAI
Q4 25
Q3 25
-0.86×
Q2 25
-0.77×
Q1 25
Q4 24
Q3 24
Q2 24
Q4 23
-0.52×

Financial Flow Comparison

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

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