AIR Industries vs Spire Global
Spire Global is the larger business, with $71.6m of revenue in fiscal 2025 against $47.9m for AIR Industries (1.5 times as much). AIR Industries grew faster (-13.0% against -35.2%). Spire Global kept more of each dollar of sales as profit: a net margin of 71.7% against -2.7%. Spire Global carries less debt relative to equity (0.0% against 131.4%).
| Latest fiscal year | AIR IndustriesAIRI, 2025 | Spire GlobalSPIR, 2025 |
|---|---|---|
| Revenue | $47.9m | $71.6m |
| Revenue growth | -13.0% | -35.2% |
| Net income | −$1.3m | $51.3m |
| Operating margin | -0.7% | -134.1% |
| Net margin | -2.7% | 71.7% |
| Return on equity | -7.6% | 101.4% |
| Free cash flow | −$4.7m | −$92.6m |
| Cash | $4.6m | $24.8m |
| Total debt | $25.2m | $0 |
| Debt to equity | 131.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 160 | 377 |
| Market value | $12.6m | $336m |
| Price vs our value range | — | — |
| Moat score | 28 (Weak) | 20 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 29 sales |