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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and AMERICAN SUPERCONDUCTOR CORP (AMSC). Click either name above to swap in a different company.

Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $74.5M, roughly 1.5× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -3.0%, a 161.0% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $2.4M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 33.2%).

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.

Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.

AIOT vs AMSC — Head-to-Head

Bigger by revenue
AIOT
AIOT
1.5× larger
AIOT
$113.5M
$74.5M
AMSC
Growing faster (revenue YoY)
AMSC
AMSC
+14.7% gap
AMSC
21.4%
6.6%
AIOT
Higher net margin
AMSC
AMSC
161.0% more per $
AMSC
158.1%
-3.0%
AIOT
More free cash flow
AIOT
AIOT
$2.6M more FCF
AIOT
$4.9M
$2.4M
AMSC
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
33.2%
AMSC

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
AIOT
AIOT
AMSC
AMSC
Revenue
$113.5M
$74.5M
Net Profit
$-3.4M
$117.8M
Gross Margin
55.2%
30.7%
Operating Margin
5.6%
4.5%
Net Margin
-3.0%
158.1%
Revenue YoY
6.6%
21.4%
Net Profit YoY
76.6%
4679.1%
EPS (diluted)
$-0.03
$2.62

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.

Revenue
AIOT
AIOT
AMSC
AMSC
Q4 25
$113.5M
$74.5M
Q3 25
$111.7M
$65.9M
Q2 25
$104.1M
$72.4M
Q1 25
$103.6M
$66.7M
Q4 24
$106.4M
$61.4M
Q3 24
$77.0M
$54.5M
Q2 24
$75.4M
$40.3M
Q1 24
$42.0M
Net Profit
AIOT
AIOT
AMSC
AMSC
Q4 25
$-3.4M
$117.8M
Q3 25
$-4.3M
$4.8M
Q2 25
$-10.2M
$6.7M
Q1 25
$-12.4M
$1.2M
Q4 24
$-14.3M
$2.5M
Q3 24
$-1.9M
$4.9M
Q2 24
$-22.3M
$-2.5M
Q1 24
$-1.6M
Gross Margin
AIOT
AIOT
AMSC
AMSC
Q4 25
55.2%
30.7%
Q3 25
56.0%
31.0%
Q2 25
54.2%
33.8%
Q1 25
52.8%
26.5%
Q4 24
55.2%
26.6%
Q3 24
53.7%
28.7%
Q2 24
52.6%
30.3%
Q1 24
24.8%
Operating Margin
AIOT
AIOT
AMSC
AMSC
Q4 25
5.6%
4.5%
Q3 25
3.8%
4.5%
Q2 25
-2.0%
7.8%
Q1 25
-6.7%
2.5%
Q4 24
-1.2%
2.1%
Q3 24
0.7%
-1.4%
Q2 24
-24.2%
-8.2%
Q1 24
-5.3%
Net Margin
AIOT
AIOT
AMSC
AMSC
Q4 25
-3.0%
158.1%
Q3 25
-3.8%
7.2%
Q2 25
-9.8%
9.3%
Q1 25
-12.0%
1.8%
Q4 24
-13.5%
4.0%
Q3 24
-2.5%
9.0%
Q2 24
-29.6%
-6.3%
Q1 24
-3.8%
EPS (diluted)
AIOT
AIOT
AMSC
AMSC
Q4 25
$-0.03
$2.62
Q3 25
$-0.03
$0.11
Q2 25
$-0.08
$0.17
Q1 25
$-0.09
$0.04
Q4 24
$-0.11
$0.06
Q3 24
$-0.02
$0.13
Q2 24
$-0.21
$-0.07
Q1 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIOT
AIOT
AMSC
AMSC
Cash + ST InvestmentsLiquidity on hand
$31.2M
$141.1M
Total DebtLower is stronger
$237.8M
Stockholders' EquityBook value
$485.0M
$536.8M
Total Assets
$959.5M
$719.5M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
AMSC
AMSC
Q4 25
$31.2M
$141.1M
Q3 25
$27.9M
$212.9M
Q2 25
$31.2M
$207.9M
Q1 25
$44.4M
$79.5M
Q4 24
$33.6M
$75.2M
Q3 24
$26.0M
$72.1M
Q2 24
$30.2M
$93.5M
Q1 24
$90.5M
Total Debt
AIOT
AIOT
AMSC
AMSC
Q4 25
$237.8M
Q3 25
$238.2M
Q2 25
$239.0M
Q1 25
$237.5M
Q4 24
$238.5M
Q3 24
$113.6M
Q2 24
$113.7M
Q1 24
Stockholders' Equity
AIOT
AIOT
AMSC
AMSC
Q4 25
$485.0M
$536.8M
Q3 25
$468.8M
$342.2M
Q2 25
$460.7M
$333.1M
Q1 25
$446.6M
$197.1M
Q4 24
$458.4M
$192.7M
Q3 24
$451.0M
$187.0M
Q2 24
$390.4M
$143.3M
Q1 24
$144.6M
Total Assets
AIOT
AIOT
AMSC
AMSC
Q4 25
$959.5M
$719.5M
Q3 25
$936.9M
$445.6M
Q2 25
$930.8M
$452.8M
Q1 25
$910.1M
$310.5M
Q4 24
$908.7M
$310.3M
Q3 24
$748.3M
$298.4M
Q2 24
$684.9M
$240.1M
Q1 24
$232.8M
Debt / Equity
AIOT
AIOT
AMSC
AMSC
Q4 25
0.49×
Q3 25
0.51×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.52×
Q3 24
0.25×
Q2 24
0.29×
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
AIOT
AIOT
AMSC
AMSC
Operating Cash FlowLast quarter
$10.2M
$3.2M
Free Cash FlowOCF − Capex
$4.9M
$2.4M
FCF MarginFCF / Revenue
4.4%
3.2%
Capex IntensityCapex / Revenue
4.6%
1.2%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$12.9M
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIOT
AIOT
AMSC
AMSC
Q4 25
$10.2M
$3.2M
Q3 25
$5.5M
$6.5M
Q2 25
$4.7M
$4.1M
Q1 25
$13.5M
$6.3M
Q4 24
$-6.1M
$5.9M
Q3 24
$-3.2M
$12.7M
Q2 24
$-7.6M
$3.4M
Q1 24
$2.2M
Free Cash Flow
AIOT
AIOT
AMSC
AMSC
Q4 25
$4.9M
$2.4M
Q3 25
$1.2M
$5.1M
Q2 25
$-3.4M
$3.3M
Q1 25
$10.1M
$5.3M
Q4 24
$-12.2M
$5.3M
Q3 24
$-8.0M
$12.1M
Q2 24
$-13.2M
$3.1M
Q1 24
$1.9M
FCF Margin
AIOT
AIOT
AMSC
AMSC
Q4 25
4.4%
3.2%
Q3 25
1.1%
7.7%
Q2 25
-3.3%
4.6%
Q1 25
9.8%
7.9%
Q4 24
-11.5%
8.7%
Q3 24
-10.4%
22.3%
Q2 24
-17.5%
7.8%
Q1 24
4.6%
Capex Intensity
AIOT
AIOT
AMSC
AMSC
Q4 25
4.6%
1.2%
Q3 25
3.9%
2.1%
Q2 25
7.8%
1.1%
Q1 25
3.3%
1.6%
Q4 24
5.8%
0.9%
Q3 24
6.3%
1.1%
Q2 24
7.4%
0.7%
Q1 24
0.7%
Cash Conversion
AIOT
AIOT
AMSC
AMSC
Q4 25
0.03×
Q3 25
1.37×
Q2 25
0.61×
Q1 25
5.22×
Q4 24
2.38×
Q3 24
2.60×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIOT
AIOT

Services$91.1M80%
Products$22.4M20%

AMSC
AMSC

Equipment And Systems$56.0M75%
Megatran$14.1M19%
Comtrafo Industria De Transformadores Eletricos SA$4.6M6%

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