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Side-by-side financial comparison of Outdoor Holding Co (POWW) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $13.4M, roughly 1.2× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -176.6%, a 193.3% gap on every dollar of revenue. On growth, Spire Global, Inc. posted the faster year-over-year revenue change (-26.9% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-16.2M).

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

POWW vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.2× larger
SPIR
$15.8M
$13.4M
POWW
Growing faster (revenue YoY)
SPIR
SPIR
+27.2% gap
SPIR
-26.9%
-54.1%
POWW
Higher net margin
POWW
POWW
193.3% more per $
POWW
16.7%
-176.6%
SPIR
More free cash flow
POWW
POWW
$21.2M more FCF
POWW
$5.0M
$-16.2M
SPIR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
POWW
POWW
SPIR
SPIR
Revenue
$13.4M
$15.8M
Net Profit
$2.2M
$-28.0M
Gross Margin
87.1%
40.2%
Operating Margin
14.7%
-164.1%
Net Margin
16.7%
-176.6%
Revenue YoY
-54.1%
-26.9%
Net Profit YoY
108.5%
42.7%
EPS (diluted)
$0.01
$-0.85

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
POWW
POWW
SPIR
SPIR
Q4 25
$13.4M
$15.8M
Q3 25
$12.0M
$12.7M
Q2 25
$11.9M
$19.2M
Q1 25
$12.6M
$23.9M
Q4 24
$12.5M
$21.7M
Q3 24
$12.0M
$28.6M
Q2 24
$12.3M
$25.4M
Q1 24
$-50.7M
$34.8M
Net Profit
POWW
POWW
SPIR
SPIR
Q4 25
$2.2M
$-28.0M
Q3 25
$1.4M
$-19.7M
Q2 25
$-6.5M
$119.6M
Q1 25
$-77.5M
$-20.7M
Q4 24
$-26.1M
$-48.8M
Q3 24
$-12.4M
$-12.5M
Q2 24
$-14.8M
$-16.6M
Q1 24
$-5.2M
$-25.5M
Gross Margin
POWW
POWW
SPIR
SPIR
Q4 25
87.1%
40.2%
Q3 25
87.1%
36.6%
Q2 25
87.2%
48.9%
Q1 25
87.5%
36.8%
Q4 24
87.4%
32.4%
Q3 24
86.9%
44.5%
Q2 24
85.8%
43.0%
Q1 24
26.5%
Operating Margin
POWW
POWW
SPIR
SPIR
Q4 25
14.7%
-164.1%
Q3 25
5.9%
-166.1%
Q2 25
-50.7%
-122.7%
Q1 25
-213.6%
-106.5%
Q4 24
-163.8%
-144.1%
Q3 24
-50.3%
-48.0%
Q2 24
-50.8%
-48.6%
Q1 24
-34.4%
Net Margin
POWW
POWW
SPIR
SPIR
Q4 25
16.7%
-176.6%
Q3 25
11.7%
-155.3%
Q2 25
-54.5%
623.4%
Q1 25
-614.5%
-86.5%
Q4 24
-208.7%
-225.2%
Q3 24
-103.7%
-43.7%
Q2 24
-120.2%
-65.2%
Q1 24
10.3%
-73.3%
EPS (diluted)
POWW
POWW
SPIR
SPIR
Q4 25
$0.01
$-0.85
Q3 25
$0.01
$-0.61
Q2 25
$-0.06
$3.72
Q1 25
$-0.67
$-0.77
Q4 24
$-0.23
$-1.93
Q3 24
$-0.11
$-0.50
Q2 24
$-0.13
$-0.68
Q1 24
$-0.05
$-1.17

Balance Sheet & Financial Strength

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

Metric
POWW
POWW
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$69.9M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$237.3M
$112.9M
Total Assets
$271.7M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
POWW
POWW
SPIR
SPIR
Q4 25
$69.9M
$81.8M
Q3 25
$65.7M
$96.8M
Q2 25
$63.4M
$117.6M
Q1 25
$30.2M
$35.9M
Q4 24
$31.9M
$19.2M
Q3 24
$33.5M
$36.6M
Q2 24
$50.8M
$45.8M
Q1 24
$55.6M
$63.7M
Total Debt
POWW
POWW
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
$103.7M
Q4 24
$103.1M
Q3 24
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
POWW
POWW
SPIR
SPIR
Q4 25
$237.3M
$112.9M
Q3 25
$235.4M
$133.1M
Q2 25
$222.5M
$149.2M
Q1 25
$222.0M
$3.7M
Q4 24
$299.6M
$-11.7M
Q3 24
$325.6M
$30.8M
Q2 24
$342.5M
$40.3M
Q1 24
$358.0M
$52.5M
Total Assets
POWW
POWW
SPIR
SPIR
Q4 25
$271.7M
$211.0M
Q3 25
$270.3M
$224.3M
Q2 25
$269.5M
$239.5M
Q1 25
$297.3M
$208.8M
Q4 24
$355.4M
$193.6M
Q3 24
$368.9M
$224.2M
Q2 24
$398.6M
$230.8M
Q1 24
$403.0M
$252.3M
Debt / Equity
POWW
POWW
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
27.92×
Q4 24
Q3 24
0.16×
Q2 24
0.12×
Q1 24
2.35×

Cash Flow & Capital Efficiency

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

Metric
POWW
POWW
SPIR
SPIR
Operating Cash FlowLast quarter
$5.7M
$-4.3M
Free Cash FlowOCF − Capex
$5.0M
$-16.2M
FCF MarginFCF / Revenue
37.6%
-102.1%
Capex IntensityCapex / Revenue
4.8%
75.1%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
POWW
POWW
SPIR
SPIR
Q4 25
$5.7M
$-4.3M
Q3 25
$3.2M
$-12.0M
Q2 25
$-6.7M
$-35.1M
Q1 25
$-1.5M
$-8.4M
Q4 24
$1.3M
$-19.2M
Q3 24
$-9.3M
$14.0M
Q2 24
$-547.5K
$-4.4M
Q1 24
$4.3M
$-8.8M
Free Cash Flow
POWW
POWW
SPIR
SPIR
Q4 25
$5.0M
$-16.2M
Q3 25
$2.5M
$-20.4M
Q2 25
$-7.6M
$-38.7M
Q1 25
$-2.3M
$-17.3M
Q4 24
$720.3K
$-24.3M
Q3 24
$-10.6M
$5.1M
Q2 24
$-1.3M
$-9.9M
Q1 24
$1.4M
$-15.9M
FCF Margin
POWW
POWW
SPIR
SPIR
Q4 25
37.6%
-102.1%
Q3 25
21.0%
-161.3%
Q2 25
-63.8%
-201.7%
Q1 25
-18.6%
-72.6%
Q4 24
5.8%
-112.2%
Q3 24
-88.3%
17.8%
Q2 24
-11.0%
-39.0%
Q1 24
-2.8%
-45.7%
Capex Intensity
POWW
POWW
SPIR
SPIR
Q4 25
4.8%
75.1%
Q3 25
5.8%
66.2%
Q2 25
7.5%
18.8%
Q1 25
6.5%
37.3%
Q4 24
4.4%
23.5%
Q3 24
10.4%
31.2%
Q2 24
6.5%
21.8%
Q1 24
-5.7%
20.3%
Cash Conversion
POWW
POWW
SPIR
SPIR
Q4 25
2.55×
Q3 25
2.29×
Q2 25
-0.29×
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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