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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Powerfleet, Inc. (AIOT). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $75.6M, roughly 1.5× Armada Hoffler Properties, Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -3.0%, a 6.1% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 0.8%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
Powerfleet, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, that operates as a global provider of IoT and M2M solutions for securing, controlling, and tracking high-value enterprise assets. The company is a provider in the international telematics industry, providing fleet management, asset tracking, freight visibility, and driver behavior monitoring for industrial trucks, vehicle fleets, and shipping containers.
AHH vs AIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $113.5M |
| Net Profit | $2.4M | $-3.4M |
| Gross Margin | — | 55.2% |
| Operating Margin | 31.0% | 5.6% |
| Net Margin | 3.1% | -3.0% |
| Revenue YoY | 0.8% | 6.6% |
| Net Profit YoY | -89.8% | 76.6% |
| EPS (diluted) | $0.00 | $-0.03 |
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 | $75.6M | $113.5M | ||
| Q3 25 | $72.7M | $111.7M | ||
| Q2 25 | $69.1M | $104.1M | ||
| Q1 25 | $67.8M | $103.6M | ||
| Q4 24 | $75.0M | $106.4M | ||
| Q3 24 | $114.4M | $77.0M | ||
| Q2 24 | $116.8M | $75.4M | ||
| Q1 24 | $127.0M | — |
| Q4 25 | $2.4M | $-3.4M | ||
| Q3 25 | $80.0K | $-4.3M | ||
| Q2 25 | $5.9M | $-10.2M | ||
| Q1 25 | $-2.8M | $-12.4M | ||
| Q4 24 | $23.4M | $-14.3M | ||
| Q3 24 | $-5.0M | $-1.9M | ||
| Q2 24 | $3.2M | $-22.3M | ||
| Q1 24 | $14.1M | — |
| Q4 25 | — | 55.2% | ||
| Q3 25 | — | 56.0% | ||
| Q2 25 | — | 54.2% | ||
| Q1 25 | — | 52.8% | ||
| Q4 24 | — | 55.2% | ||
| Q3 24 | 45.0% | 53.7% | ||
| Q2 24 | 41.8% | 52.6% | ||
| Q1 24 | 37.9% | — |
| Q4 25 | 31.0% | 5.6% | ||
| Q3 25 | 29.2% | 3.8% | ||
| Q2 25 | 29.6% | -2.0% | ||
| Q1 25 | 23.2% | -6.7% | ||
| Q4 24 | 50.1% | -1.2% | ||
| Q3 24 | 19.0% | 0.7% | ||
| Q2 24 | 11.9% | -24.2% | ||
| Q1 24 | 15.1% | — |
| Q4 25 | 3.1% | -3.0% | ||
| Q3 25 | 0.1% | -3.8% | ||
| Q2 25 | 8.6% | -9.8% | ||
| Q1 25 | -4.1% | -12.0% | ||
| Q4 24 | 31.2% | -13.5% | ||
| Q3 24 | -4.4% | -2.5% | ||
| Q2 24 | 2.7% | -29.6% | ||
| Q1 24 | 11.1% | — |
| Q4 25 | $0.00 | $-0.03 | ||
| Q3 25 | $-0.04 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.08 | ||
| Q1 25 | $-0.07 | $-0.09 | ||
| Q4 24 | $0.28 | $-0.11 | ||
| Q3 24 | $-0.11 | $-0.02 | ||
| Q2 24 | $0.00 | $-0.21 | ||
| Q1 24 | $0.17 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $31.2M |
| Total DebtLower is stronger | $1.5B | $237.8M |
| Stockholders' EquityBook value | $627.8M | $485.0M |
| Total Assets | $2.6B | $959.5M |
| Debt / EquityLower = less leverage | 2.43× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $31.2M | ||
| Q3 25 | $46.5M | $27.9M | ||
| Q2 25 | $52.1M | $31.2M | ||
| Q1 25 | $45.7M | $44.4M | ||
| Q4 24 | $31.9M | $33.6M | ||
| Q3 24 | $43.9M | $26.0M | ||
| Q2 24 | $20.3M | $30.2M | ||
| Q1 24 | $41.9M | — |
| Q4 25 | $1.5B | $237.8M | ||
| Q3 25 | $1.5B | $238.2M | ||
| Q2 25 | $1.4B | $239.0M | ||
| Q1 25 | $1.3B | $237.5M | ||
| Q4 24 | $1.3B | $238.5M | ||
| Q3 24 | $1.3B | $113.6M | ||
| Q2 24 | $1.4B | $113.7M | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $485.0M | ||
| Q3 25 | $638.8M | $468.8M | ||
| Q2 25 | $652.0M | $460.7M | ||
| Q1 25 | $657.4M | $446.6M | ||
| Q4 24 | $670.6M | $458.4M | ||
| Q3 24 | $663.9M | $451.0M | ||
| Q2 24 | $562.7M | $390.4M | ||
| Q1 24 | $571.4M | — |
| Q4 25 | $2.6B | $959.5M | ||
| Q3 25 | $2.6B | $936.9M | ||
| Q2 25 | $2.6B | $930.8M | ||
| Q1 25 | $2.5B | $910.1M | ||
| Q4 24 | $2.5B | $908.7M | ||
| Q3 24 | $2.6B | $748.3M | ||
| Q2 24 | $2.6B | $684.9M | ||
| Q1 24 | $2.6B | — |
| Q4 25 | 2.43× | 0.49× | ||
| Q3 25 | 2.33× | 0.51× | ||
| Q2 25 | 2.22× | 0.52× | ||
| Q1 25 | 2.01× | 0.53× | ||
| Q4 24 | 1.93× | 0.52× | ||
| Q3 24 | 2.00× | 0.25× | ||
| Q2 24 | 2.52× | 0.29× | ||
| Q1 24 | 2.50× | — |
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 | $64.2M | $10.2M |
| Free Cash FlowOCF − Capex | — | $4.9M |
| FCF MarginFCF / Revenue | — | 4.4% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 26.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $12.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.2M | $10.2M | ||
| Q3 25 | $26.3M | $5.5M | ||
| Q2 25 | $11.1M | $4.7M | ||
| Q1 25 | $107.0K | $13.5M | ||
| Q4 24 | $112.0M | $-6.1M | ||
| Q3 24 | $27.3M | $-3.2M | ||
| Q2 24 | $17.4M | $-7.6M | ||
| Q1 24 | $46.5M | — |
| Q4 25 | — | $4.9M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $-3.4M | ||
| Q1 25 | — | $10.1M | ||
| Q4 24 | — | $-12.2M | ||
| Q3 24 | — | $-8.0M | ||
| Q2 24 | — | $-13.2M | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | -3.3% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | -11.5% | ||
| Q3 24 | — | -10.4% | ||
| Q2 24 | — | -17.5% | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | — |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
AIOT
| Services | $91.1M | 80% |
| Products | $22.4M | 20% |
