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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and AmpliTech Group, Inc. (AMPG). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $4.5M, roughly 25.3× AmpliTech Group, Inc.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -71.6%, a 68.7% gap on every dollar of revenue. On growth, AmpliTech Group, Inc. posted the faster year-over-year revenue change (141.6% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-3.5M). Over the past eight quarters, AmpliTech Group, Inc.'s revenue compounded faster (39.7% CAGR vs 3.3%).
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.
Ampli Energy is a South African company providing a renewable energy trading platform that uses a wheeling process to deliver green energy to consumers.
AIOT vs AMPG — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $4.5M |
| Net Profit | $-3.4M | $-3.2M |
| Gross Margin | 55.2% | 22.8% |
| Operating Margin | 5.6% | -73.3% |
| Net Margin | -3.0% | -71.6% |
| Revenue YoY | 6.6% | 141.6% |
| Net Profit YoY | 76.6% | 16.1% |
| EPS (diluted) | $-0.03 | $-0.14 |
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 | $113.5M | $4.5M | ||
| Q3 25 | $111.7M | $6.1M | ||
| Q2 25 | $104.1M | $11.0M | ||
| Q1 25 | $103.6M | $3.6M | ||
| Q4 24 | $106.4M | $1.9M | ||
| Q3 24 | $77.0M | $2.8M | ||
| Q2 24 | $75.4M | $2.5M | ||
| Q1 24 | — | $2.3M |
| Q4 25 | $-3.4M | $-3.2M | ||
| Q3 25 | $-4.3M | $-188.4K | ||
| Q2 25 | $-10.2M | $-1.8M | ||
| Q1 25 | $-12.4M | $-1.8M | ||
| Q4 24 | $-14.3M | $-3.8M | ||
| Q3 24 | $-1.9M | $-1.2M | ||
| Q2 24 | $-22.3M | $-1.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | 55.2% | 22.8% | ||
| Q3 25 | 56.0% | 48.6% | ||
| Q2 25 | 54.2% | 7.8% | ||
| Q1 25 | 52.8% | 33.0% | ||
| Q4 24 | 55.2% | 10.7% | ||
| Q3 24 | 53.7% | 47.6% | ||
| Q2 24 | 52.6% | 41.8% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 5.6% | -73.3% | ||
| Q3 25 | 3.8% | -3.6% | ||
| Q2 25 | -2.0% | -17.5% | ||
| Q1 25 | -6.7% | -52.5% | ||
| Q4 24 | -1.2% | -234.5% | ||
| Q3 24 | 0.7% | -38.4% | ||
| Q2 24 | -24.2% | -62.0% | ||
| Q1 24 | — | -62.3% |
| Q4 25 | -3.0% | -71.6% | ||
| Q3 25 | -3.8% | -3.1% | ||
| Q2 25 | -9.8% | -16.1% | ||
| Q1 25 | -12.0% | -51.1% | ||
| Q4 24 | -13.5% | -206.2% | ||
| Q3 24 | -2.5% | -42.0% | ||
| Q2 24 | -29.6% | -62.4% | ||
| Q1 24 | — | -203.0% |
| Q4 25 | $-0.03 | $-0.14 | ||
| Q3 25 | $-0.03 | $-0.01 | ||
| Q2 25 | $-0.08 | $-0.09 | ||
| Q1 25 | $-0.09 | $-0.09 | ||
| Q4 24 | $-0.11 | $-0.28 | ||
| Q3 24 | $-0.02 | $-0.12 | ||
| Q2 24 | $-0.21 | $-0.16 | ||
| Q1 24 | — | $-0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.2M | $5.0M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $32.9M |
| Total Assets | $959.5M | $51.5M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $5.0M | ||
| Q3 25 | $27.9M | $8.4M | ||
| Q2 25 | $31.2M | $11.1M | ||
| Q1 25 | $44.4M | $16.9M | ||
| Q4 24 | $33.6M | $19.3M | ||
| Q3 24 | $26.0M | $1.1M | ||
| Q2 24 | $30.2M | $1.0M | ||
| Q1 24 | — | $2.4M |
| Q4 25 | $237.8M | — | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | $1.1M | ||
| Q2 24 | $113.7M | $36.4K | ||
| Q1 24 | — | $63.2K |
| Q4 25 | $485.0M | $32.9M | ||
| Q3 25 | $468.8M | $35.8M | ||
| Q2 25 | $460.7M | $35.8M | ||
| Q1 25 | $446.6M | $35.8M | ||
| Q4 24 | $458.4M | $37.5M | ||
| Q3 24 | $451.0M | $20.4M | ||
| Q2 24 | $390.4M | $20.7M | ||
| Q1 24 | — | $22.2M |
| Q4 25 | $959.5M | $51.5M | ||
| Q3 25 | $936.9M | $47.2M | ||
| Q2 25 | $930.8M | $48.6M | ||
| Q1 25 | $910.1M | $42.1M | ||
| Q4 24 | $908.7M | $43.2M | ||
| Q3 24 | $748.3M | $27.5M | ||
| Q2 24 | $684.9M | $25.4M | ||
| Q1 24 | — | $26.9M |
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.25× | 0.06× | ||
| Q2 24 | 0.29× | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $10.2M | $-3.4M |
| Free Cash FlowOCF − Capex | $4.9M | $-3.5M |
| FCF MarginFCF / Revenue | 4.4% | -78.4% |
| Capex IntensityCapex / Revenue | 4.6% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $-9.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $-3.4M | ||
| Q3 25 | $5.5M | $-999.4K | ||
| Q2 25 | $4.7M | $-2.3M | ||
| Q1 25 | $13.5M | $-2.0M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | $-3.2M | $-1.7M | ||
| Q2 24 | $-7.6M | $-1.3M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | $4.9M | $-3.5M | ||
| Q3 25 | $1.2M | $-1.4M | ||
| Q2 25 | $-3.4M | $-2.4M | ||
| Q1 25 | $10.1M | $-2.4M | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | $-8.0M | $-1.7M | ||
| Q2 24 | $-13.2M | $-1.3M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | 4.4% | -78.4% | ||
| Q3 25 | 1.1% | -23.7% | ||
| Q2 25 | -3.3% | -21.6% | ||
| Q1 25 | 9.8% | -65.8% | ||
| Q4 24 | — | -63.9% | ||
| Q3 24 | -10.4% | -61.6% | ||
| Q2 24 | -17.5% | -52.7% | ||
| Q1 24 | — | -47.0% |
| Q4 25 | 4.6% | 1.9% | ||
| Q3 25 | 3.9% | 7.3% | ||
| Q2 25 | 7.8% | 1.1% | ||
| Q1 25 | 3.3% | 10.0% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 6.3% | 0.4% | ||
| Q2 24 | 7.4% | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIOT
| Services | $91.1M | 80% |
| Products | $22.4M | 20% |
AMPG
Segment breakdown not available.
