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Side-by-side financial comparison of C3.ai, Inc. (AI) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $75.1M, roughly 1.9× C3.ai, Inc.). PAMT CORP runs the higher net margin — -20.7% vs -139.3%, a 118.6% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -20.3%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -12.0%).
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 PAMT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $141.3M |
| Net Profit | $-104.7M | $-29.3M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | -27.0% |
| Net Margin | -139.3% | -20.7% |
| Revenue YoY | -20.3% | -15.1% |
| Net Profit YoY | -58.7% | 7.4% |
| EPS (diluted) | $-0.75 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $70.3M | $150.3M | ||
| Q2 25 | $108.7M | $151.1M | ||
| Q1 25 | $98.8M | $155.3M | ||
| Q4 24 | $94.3M | $166.5M | ||
| Q3 24 | $87.2M | $182.6M | ||
| Q2 24 | $86.6M | $182.9M | ||
| Q1 24 | $78.4M | $182.6M |
| Q4 25 | $-104.7M | $-29.3M | ||
| Q3 25 | $-116.8M | $-5.6M | ||
| Q2 25 | $-79.7M | $-9.6M | ||
| Q1 25 | $-80.2M | $-8.1M | ||
| Q4 24 | $-66.0M | $-31.6M | ||
| Q3 24 | $-62.8M | $2.4M | ||
| Q2 24 | $-72.9M | $-2.9M | ||
| Q1 24 | $-72.6M | $281.0K |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
| Q4 25 | -149.2% | -27.0% | ||
| Q3 25 | -177.7% | -3.8% | ||
| Q2 25 | -81.8% | -7.3% | ||
| Q1 25 | -88.7% | -5.9% | ||
| Q4 24 | -79.8% | -22.6% | ||
| Q3 24 | -83.2% | 1.3% | ||
| Q2 24 | -95.1% | -0.4% | ||
| Q1 24 | -105.3% | -0.4% |
| Q4 25 | -139.3% | -20.7% | ||
| Q3 25 | -166.2% | -3.7% | ||
| Q2 25 | -73.3% | -6.4% | ||
| Q1 25 | -81.2% | -5.2% | ||
| Q4 24 | -69.9% | -19.0% | ||
| Q3 24 | -72.0% | 1.3% | ||
| Q2 24 | -84.2% | -1.6% | ||
| Q1 24 | -92.6% | 0.2% |
| Q4 25 | $-0.75 | $-1.38 | ||
| Q3 25 | $-0.86 | $-0.27 | ||
| Q2 25 | $-0.60 | $-0.46 | ||
| Q1 25 | $-0.62 | $-0.37 | ||
| Q4 24 | $-0.52 | $-1.44 | ||
| Q3 24 | $-0.50 | $0.11 | ||
| Q2 24 | $-0.59 | $-0.13 | ||
| Q1 24 | $-0.60 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $771.9M | $210.5M |
| Total Assets | $961.3M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $83.7M | ||
| Q3 25 | $711.9M | $115.6M | ||
| Q2 25 | $742.7M | $117.3M | ||
| Q1 25 | $724.3M | $102.7M | ||
| Q4 24 | $730.4M | $110.7M | ||
| Q3 24 | $762.5M | $92.3M | ||
| Q2 24 | $750.4M | $114.0M | ||
| Q1 24 | $723.3M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $771.9M | $210.5M | ||
| Q3 25 | $798.8M | $239.5M | ||
| Q2 25 | $838.3M | $244.9M | ||
| Q1 25 | $860.2M | $269.6M | ||
| Q4 24 | $859.0M | $277.5M | ||
| Q3 24 | $874.9M | $308.9M | ||
| Q2 24 | $873.4M | $306.7M | ||
| Q1 24 | $898.0M | $314.6M |
| Q4 25 | $961.3M | $697.9M | ||
| Q3 25 | $968.7M | $715.2M | ||
| Q2 25 | $1.0B | $707.9M | ||
| Q1 25 | $1.1B | $712.6M | ||
| Q4 24 | $1.0B | $741.7M | ||
| Q3 24 | $1.1B | $756.7M | ||
| Q2 24 | $1.0B | $733.5M | ||
| Q1 24 | $1.1B | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-46.9M | $-25.0M |
| FCF MarginFCF / Revenue | -62.4% | -17.7% |
| Capex IntensityCapex / Revenue | 0.5% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-5.8M | ||
| Q3 25 | $-33.5M | $5.9M | ||
| Q2 25 | $11.3M | $12.2M | ||
| Q1 25 | $-22.0M | $5.0M | ||
| Q4 24 | $-38.7M | $15.2M | ||
| Q3 24 | $8.0M | $15.5M | ||
| Q2 24 | $21.3M | $18.7M | ||
| Q1 24 | $-39.1M | $9.6M |
| Q4 25 | $-46.9M | $-25.0M | ||
| Q3 25 | $-34.3M | $2.5M | ||
| Q2 25 | $10.3M | $5.9M | ||
| Q1 25 | $-22.4M | $-6.8M | ||
| Q4 24 | $-39.5M | $-39.9M | ||
| Q3 24 | $7.1M | $-33.6M | ||
| Q2 24 | $18.8M | $4.1M | ||
| Q1 24 | $-45.1M | $-12.2M |
| Q4 25 | -62.4% | -17.7% | ||
| Q3 25 | -48.8% | 1.7% | ||
| Q2 25 | 9.5% | 3.9% | ||
| Q1 25 | -22.7% | -4.4% | ||
| Q4 24 | -41.9% | -24.0% | ||
| Q3 24 | 8.2% | -18.4% | ||
| Q2 24 | 21.7% | 2.2% | ||
| Q1 24 | -57.6% | -6.7% |
| Q4 25 | 0.5% | 13.6% | ||
| Q3 25 | 1.1% | 2.3% | ||
| Q2 25 | 0.9% | 4.2% | ||
| Q1 25 | 0.4% | 7.6% | ||
| Q4 24 | 0.9% | 33.1% | ||
| Q3 24 | 1.1% | 26.9% | ||
| Q2 24 | 2.9% | 8.0% | ||
| Q1 24 | 7.8% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
