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Side-by-side financial comparison of C3.ai, Inc. (AI) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $75.1M, roughly 1.0× C3.ai, Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -20.3%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-46.9M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
AI vs NPKI — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $75.2M |
| Net Profit | $-104.7M | — |
| Gross Margin | 40.4% | 37.7% |
| Operating Margin | -149.2% | 16.7% |
| Net Margin | -139.3% | — |
| Revenue YoY | -20.3% | 30.7% |
| Net Profit YoY | -58.7% | — |
| EPS (diluted) | $-0.75 | $0.17 |
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 | $75.1M | $75.2M | ||
| Q3 25 | $70.3M | $68.8M | ||
| Q2 25 | $108.7M | $68.2M | ||
| Q1 25 | $98.8M | $64.8M | ||
| Q4 24 | $94.3M | $57.5M | ||
| Q3 24 | $87.2M | $44.2M | ||
| Q2 24 | $86.6M | $66.8M | ||
| Q1 24 | $78.4M | $49.0M |
| Q4 25 | $-104.7M | — | ||
| Q3 25 | $-116.8M | $5.7M | ||
| Q2 25 | $-79.7M | $8.7M | ||
| Q1 25 | $-80.2M | $10.0M | ||
| Q4 24 | $-66.0M | — | ||
| Q3 24 | $-62.8M | $-174.3M | ||
| Q2 24 | $-72.9M | $8.0M | ||
| Q1 24 | $-72.6M | $7.3M |
| Q4 25 | 40.4% | 37.7% | ||
| Q3 25 | 37.6% | 31.9% | ||
| Q2 25 | 62.1% | 36.9% | ||
| Q1 25 | 59.1% | 39.0% | ||
| Q4 24 | 61.3% | 39.2% | ||
| Q3 24 | 59.8% | 27.5% | ||
| Q2 24 | 59.6% | 37.2% | ||
| Q1 24 | 57.8% | 36.0% |
| Q4 25 | -149.2% | 16.7% | ||
| Q3 25 | -177.7% | 13.2% | ||
| Q2 25 | -81.8% | 17.0% | ||
| Q1 25 | -88.7% | 20.9% | ||
| Q4 24 | -79.8% | 20.2% | ||
| Q3 24 | -83.2% | 2.8% | ||
| Q2 24 | -95.1% | 18.7% | ||
| Q1 24 | -105.3% | 14.2% |
| Q4 25 | -139.3% | — | ||
| Q3 25 | -166.2% | 8.2% | ||
| Q2 25 | -73.3% | 12.7% | ||
| Q1 25 | -81.2% | 15.4% | ||
| Q4 24 | -69.9% | — | ||
| Q3 24 | -72.0% | -394.3% | ||
| Q2 24 | -84.2% | 12.0% | ||
| Q1 24 | -92.6% | 14.9% |
| Q4 25 | $-0.75 | $0.17 | ||
| Q3 25 | $-0.86 | $0.07 | ||
| Q2 25 | $-0.60 | $0.10 | ||
| Q1 25 | $-0.62 | $0.11 | ||
| Q4 24 | $-0.52 | $0.10 | ||
| Q3 24 | $-0.50 | $-1.99 | ||
| Q2 24 | $-0.59 | $0.09 | ||
| Q1 24 | $-0.60 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $771.9M | $351.2M |
| Total Assets | $961.3M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $5.1M | ||
| Q3 25 | $711.9M | $35.6M | ||
| Q2 25 | $742.7M | $26.0M | ||
| Q1 25 | $724.3M | $20.8M | ||
| Q4 24 | $730.4M | $17.8M | ||
| Q3 24 | $762.5M | $42.9M | ||
| Q2 24 | $750.4M | $35.1M | ||
| Q1 24 | $723.3M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $771.9M | $351.2M | ||
| Q3 25 | $798.8M | $333.9M | ||
| Q2 25 | $838.3M | $328.8M | ||
| Q1 25 | $860.2M | $326.9M | ||
| Q4 24 | $859.0M | $326.5M | ||
| Q3 24 | $874.9M | $316.5M | ||
| Q2 24 | $873.4M | $426.6M | ||
| Q1 24 | $898.0M | $421.6M |
| Q4 25 | $961.3M | $441.8M | ||
| Q3 25 | $968.7M | $404.5M | ||
| Q2 25 | $1.0B | $393.7M | ||
| Q1 25 | $1.1B | $390.0M | ||
| Q4 24 | $1.0B | $393.7M | ||
| Q3 24 | $1.1B | $389.6M | ||
| Q2 24 | $1.0B | $624.8M | ||
| Q1 24 | $1.1B | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $-46.5M | $18.0M |
| Free Cash FlowOCF − Capex | $-46.9M | $5.8M |
| FCF MarginFCF / Revenue | -62.4% | 7.6% |
| Capex IntensityCapex / Revenue | 0.5% | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $18.0M | ||
| Q3 25 | $-33.5M | $24.7M | ||
| Q2 25 | $11.3M | $21.4M | ||
| Q1 25 | $-22.0M | $8.8M | ||
| Q4 24 | $-38.7M | $-4.1M | ||
| Q3 24 | $8.0M | $2.8M | ||
| Q2 24 | $21.3M | $27.6M | ||
| Q1 24 | $-39.1M | $11.9M |
| Q4 25 | $-46.9M | $5.8M | ||
| Q3 25 | $-34.3M | $12.0M | ||
| Q2 25 | $10.3M | $9.7M | ||
| Q1 25 | $-22.4M | $-1.2M | ||
| Q4 24 | $-39.5M | $-17.7M | ||
| Q3 24 | $7.1M | $-6.7M | ||
| Q2 24 | $18.8M | $21.0M | ||
| Q1 24 | $-45.1M | $-1.9M |
| Q4 25 | -62.4% | 7.6% | ||
| Q3 25 | -48.8% | 17.4% | ||
| Q2 25 | 9.5% | 14.3% | ||
| Q1 25 | -22.7% | -1.8% | ||
| Q4 24 | -41.9% | -30.8% | ||
| Q3 24 | 8.2% | -15.2% | ||
| Q2 24 | 21.7% | 31.4% | ||
| Q1 24 | -57.6% | -3.9% |
| Q4 25 | 0.5% | 16.3% | ||
| Q3 25 | 1.1% | 18.5% | ||
| Q2 25 | 0.9% | 17.1% | ||
| Q1 25 | 0.4% | 15.5% | ||
| Q4 24 | 0.9% | 23.6% | ||
| Q3 24 | 1.1% | 21.4% | ||
| Q2 24 | 2.9% | 9.9% | ||
| Q1 24 | 7.8% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
