AIR Industries vs Ehang Holdings
Ehang Holdings is the larger business, with $58.2m of revenue in fiscal 2025 against $47.9m for AIR Industries (1.2 times as much). Ehang Holdings grew faster (-8.3% against -13.0%). AIR Industries kept more of each dollar of sales as profit: a net margin of -2.7% against -66.0%. Ehang Holdings carries less debt relative to equity (8.7% against 131.4%).
| Latest fiscal year | AIR IndustriesAIRI, 2025 | Ehang HoldingsEH, 2025 |
|---|---|---|
| Revenue | $47.9m | $58.2m |
| Revenue growth | -13.0% | -8.3% |
| Net income | −$1.3m | −$38.4m |
| Operating margin | -0.7% | -75.8% |
| Net margin | -2.7% | -66.0% |
| Return on equity | -7.6% | -27.1% |
| Free cash flow | −$4.7m | −$45.6m |
| Cash | $4.6m | $36.7m |
| Total debt | $25.2m | $13.2m |
| Debt to equity | 131.4% | 8.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 160 | — |
| Market value | $12.6m | $280m |
| Price vs our value range | — | — |
| Moat score | 28 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |