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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and AMPCO PITTSBURGH CORP (AP). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $104.4M, roughly 1.1× AMPCO PITTSBURGH CORP). Powerfleet, Inc. runs the higher net margin — -3.0% vs -55.2%, a 52.3% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-64.0K). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -2.6%).
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.
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
AIOT vs AP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $104.4M |
| Net Profit | $-3.4M | $-57.7M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | -54.0% |
| Net Margin | -3.0% | -55.2% |
| Revenue YoY | 6.6% | 11.5% |
| Net Profit YoY | 76.6% | -1958.9% |
| EPS (diluted) | $-0.03 | $-2.87 |
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 | $104.4M | ||
| Q3 25 | $111.7M | $103.7M | ||
| Q2 25 | $104.1M | $108.9M | ||
| Q1 25 | $103.6M | $99.2M | ||
| Q4 24 | $106.4M | $93.6M | ||
| Q3 24 | $77.0M | $92.1M | ||
| Q2 24 | $75.4M | $107.1M | ||
| Q1 24 | — | $110.0M |
| Q4 25 | $-3.4M | $-57.7M | ||
| Q3 25 | $-4.3M | $-2.2M | ||
| Q2 25 | $-10.2M | $-7.3M | ||
| Q1 25 | $-12.4M | $1.1M | ||
| Q4 24 | $-14.3M | $3.1M | ||
| Q3 24 | $-1.9M | $-2.0M | ||
| Q2 24 | $-22.3M | $2.0M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 56.0% | — | ||
| Q2 25 | 54.2% | — | ||
| Q1 25 | 52.8% | — | ||
| Q4 24 | 55.2% | — | ||
| Q3 24 | 53.7% | — | ||
| Q2 24 | 52.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.6% | -54.0% | ||
| Q3 25 | 3.8% | 1.1% | ||
| Q2 25 | -2.0% | -2.8% | ||
| Q1 25 | -6.7% | 3.9% | ||
| Q4 24 | -1.2% | 5.5% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | -24.2% | 4.7% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | -3.0% | -55.2% | ||
| Q3 25 | -3.8% | -2.1% | ||
| Q2 25 | -9.8% | -6.7% | ||
| Q1 25 | -12.0% | 1.2% | ||
| Q4 24 | -13.5% | 3.3% | ||
| Q3 24 | -2.5% | -2.1% | ||
| Q2 24 | -29.6% | 1.9% | ||
| Q1 24 | — | -2.5% |
| Q4 25 | $-0.03 | $-2.87 | ||
| Q3 25 | $-0.03 | $-0.11 | ||
| Q2 25 | $-0.08 | $-0.36 | ||
| Q1 25 | $-0.09 | $0.06 | ||
| Q4 24 | $-0.11 | $0.16 | ||
| Q3 24 | $-0.02 | $-0.10 | ||
| Q2 24 | $-0.21 | $0.10 | ||
| Q1 24 | — | $-0.14 |
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 | $10.7M |
| Total DebtLower is stronger | $237.8M | $117.9M |
| Stockholders' EquityBook value | $485.0M | $32.6M |
| Total Assets | $959.5M | $495.4M |
| Debt / EquityLower = less leverage | 0.49× | 3.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $10.7M | ||
| Q3 25 | $27.9M | $15.0M | ||
| Q2 25 | $31.2M | $9.9M | ||
| Q1 25 | $44.4M | $7.1M | ||
| Q4 24 | $33.6M | $15.4M | ||
| Q3 24 | $26.0M | $11.8M | ||
| Q2 24 | $30.2M | $7.9M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | $237.8M | $117.9M | ||
| Q3 25 | $238.2M | $119.0M | ||
| Q2 25 | $239.0M | $115.9M | ||
| Q1 25 | $237.5M | $115.0M | ||
| Q4 24 | $238.5M | $116.4M | ||
| Q3 24 | $113.6M | $116.0M | ||
| Q2 24 | $113.7M | $119.4M | ||
| Q1 24 | — | $116.2M |
| Q4 25 | $485.0M | $32.6M | ||
| Q3 25 | $468.8M | $60.1M | ||
| Q2 25 | $460.7M | $62.7M | ||
| Q1 25 | $446.6M | $64.6M | ||
| Q4 24 | $458.4M | $58.9M | ||
| Q3 24 | $451.0M | $61.3M | ||
| Q2 24 | $390.4M | $58.0M | ||
| Q1 24 | — | $56.3M |
| Q4 25 | $959.5M | $495.4M | ||
| Q3 25 | $936.9M | $524.4M | ||
| Q2 25 | $930.8M | $537.2M | ||
| Q1 25 | $910.1M | $536.2M | ||
| Q4 24 | $908.7M | $530.9M | ||
| Q3 24 | $748.3M | $547.4M | ||
| Q2 24 | $684.9M | $560.8M | ||
| Q1 24 | — | $565.8M |
| Q4 25 | 0.49× | 3.61× | ||
| Q3 25 | 0.51× | 1.98× | ||
| Q2 25 | 0.52× | 1.85× | ||
| Q1 25 | 0.53× | 1.78× | ||
| Q4 24 | 0.52× | 1.98× | ||
| Q3 24 | 0.25× | 1.89× | ||
| Q2 24 | 0.29× | 2.06× | ||
| Q1 24 | — | 2.06× |
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 | $2.7M |
| Free Cash FlowOCF − Capex | $4.9M | $-64.0K |
| FCF MarginFCF / Revenue | 4.4% | -0.1% |
| Capex IntensityCapex / Revenue | 4.6% | 2.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $-8.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $2.7M | ||
| Q3 25 | $5.5M | $6.3M | ||
| Q2 25 | $4.7M | $-2.3M | ||
| Q1 25 | $13.5M | $-5.3M | ||
| Q4 24 | $-6.1M | $7.5M | ||
| Q3 24 | $-3.2M | $11.4M | ||
| Q2 24 | $-7.6M | $-5.3M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | $4.9M | $-64.0K | ||
| Q3 25 | $1.2M | $3.3M | ||
| Q2 25 | $-3.4M | $-3.8M | ||
| Q1 25 | $10.1M | $-7.5M | ||
| Q4 24 | $-12.2M | $3.7M | ||
| Q3 24 | $-8.0M | $8.4M | ||
| Q2 24 | $-13.2M | $-8.0M | ||
| Q1 24 | — | $1.7M |
| Q4 25 | 4.4% | -0.1% | ||
| Q3 25 | 1.1% | 3.2% | ||
| Q2 25 | -3.3% | -3.5% | ||
| Q1 25 | 9.8% | -7.5% | ||
| Q4 24 | -11.5% | 4.0% | ||
| Q3 24 | -10.4% | 9.1% | ||
| Q2 24 | -17.5% | -7.5% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 4.6% | 2.7% | ||
| Q3 25 | 3.9% | 2.9% | ||
| Q2 25 | 7.8% | 1.3% | ||
| Q1 25 | 3.3% | 2.2% | ||
| Q4 24 | 5.8% | 4.0% | ||
| Q3 24 | 6.3% | 3.2% | ||
| Q2 24 | 7.4% | 2.5% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.62× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2.64× | ||
| Q1 24 | — | — |
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% |
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
