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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and PATHWARD FINANCIAL, INC. (CASH). Click either name above to swap in a different company.
PATHWARD FINANCIAL, INC. is the larger business by last-quarter revenue ($173.1M vs $113.5M, roughly 1.5× Powerfleet, Inc.). PATHWARD FINANCIAL, INC. runs the higher net margin — 20.3% vs -3.0%, a 23.3% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -0.2%). PATHWARD FINANCIAL, INC. produced more free cash flow last quarter ($104.1M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -18.0%).
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.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
AIOT vs CASH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $173.1M |
| Net Profit | $-3.4M | $35.2M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | 24.6% |
| Net Margin | -3.0% | 20.3% |
| Revenue YoY | 6.6% | -0.2% |
| Net Profit YoY | 76.6% | 11.9% |
| EPS (diluted) | $-0.03 | $1.57 |
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 | $173.1M | ||
| Q3 25 | $111.7M | $186.7M | ||
| Q2 25 | $104.1M | $195.8M | ||
| Q1 25 | $103.6M | $274.8M | ||
| Q4 24 | $106.4M | $182.6M | ||
| Q3 24 | $77.0M | $179.5M | ||
| Q2 24 | $75.4M | $188.6M | ||
| Q1 24 | — | $257.6M |
| Q4 25 | $-3.4M | $35.2M | ||
| Q3 25 | $-4.3M | $38.8M | ||
| Q2 25 | $-10.2M | $42.1M | ||
| Q1 25 | $-12.4M | $75.0M | ||
| Q4 24 | $-14.3M | $30.0M | ||
| Q3 24 | $-1.9M | $33.5M | ||
| Q2 24 | $-22.3M | $44.9M | ||
| Q1 24 | — | $69.9M |
| 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% | 24.6% | ||
| Q3 25 | 3.8% | 25.9% | ||
| Q2 25 | -2.0% | 24.1% | ||
| Q1 25 | -6.7% | 33.2% | ||
| Q4 24 | -1.2% | 19.8% | ||
| Q3 24 | 0.7% | 20.9% | ||
| Q2 24 | -24.2% | 27.1% | ||
| Q1 24 | — | 33.8% |
| Q4 25 | -3.0% | 20.3% | ||
| Q3 25 | -3.8% | 20.8% | ||
| Q2 25 | -9.8% | 21.5% | ||
| Q1 25 | -12.0% | 27.3% | ||
| Q4 24 | -13.5% | 16.4% | ||
| Q3 24 | -2.5% | 18.7% | ||
| Q2 24 | -29.6% | 23.8% | ||
| Q1 24 | — | 27.1% |
| Q4 25 | $-0.03 | $1.57 | ||
| Q3 25 | $-0.03 | $1.69 | ||
| Q2 25 | $-0.08 | $1.81 | ||
| Q1 25 | $-0.09 | $3.14 | ||
| Q4 24 | $-0.11 | $1.23 | ||
| Q3 24 | $-0.02 | $1.34 | ||
| Q2 24 | $-0.21 | $1.78 | ||
| Q1 24 | — | $2.74 |
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 | $331.2M |
| Total DebtLower is stronger | $237.8M | $33.5M |
| Stockholders' EquityBook value | $485.0M | $854.5M |
| Total Assets | $959.5M | $7.6B |
| Debt / EquityLower = less leverage | 0.49× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $331.2M | ||
| Q3 25 | $27.9M | $120.6M | ||
| Q2 25 | $31.2M | $258.3M | ||
| Q1 25 | $44.4M | $254.2M | ||
| Q4 24 | $33.6M | $597.4M | ||
| Q3 24 | $26.0M | $158.3M | ||
| Q2 24 | $30.2M | $298.9M | ||
| Q1 24 | — | $347.9M |
| Q4 25 | $237.8M | $33.5M | ||
| Q3 25 | $238.2M | $33.5M | ||
| Q2 25 | $239.0M | $33.4M | ||
| Q1 25 | $237.5M | $33.4M | ||
| Q4 24 | $238.5M | $33.4M | ||
| Q3 24 | $113.6M | $33.4M | ||
| Q2 24 | $113.7M | $33.3M | ||
| Q1 24 | — | $33.4M |
| Q4 25 | $485.0M | $854.5M | ||
| Q3 25 | $468.8M | $858.0M | ||
| Q2 25 | $460.7M | $819.0M | ||
| Q1 25 | $446.6M | $814.7M | ||
| Q4 24 | $458.4M | $758.3M | ||
| Q3 24 | $451.0M | $822.5M | ||
| Q2 24 | $390.4M | $748.4M | ||
| Q1 24 | — | $719.5M |
| Q4 25 | $959.5M | $7.6B | ||
| Q3 25 | $936.9M | $7.2B | ||
| Q2 25 | $930.8M | $7.2B | ||
| Q1 25 | $910.1M | $7.0B | ||
| Q4 24 | $908.7M | $7.6B | ||
| Q3 24 | $748.3M | $7.5B | ||
| Q2 24 | $684.9M | $7.5B | ||
| Q1 24 | — | $7.4B |
| Q4 25 | 0.49× | 0.04× | ||
| Q3 25 | 0.51× | 0.04× | ||
| Q2 25 | 0.52× | 0.04× | ||
| Q1 25 | 0.53× | 0.04× | ||
| Q4 24 | 0.52× | 0.04× | ||
| Q3 24 | 0.25× | 0.04× | ||
| Q2 24 | 0.29× | 0.04× | ||
| Q1 24 | — | 0.05× |
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 | $108.3M |
| Free Cash FlowOCF − Capex | $4.9M | $104.1M |
| FCF MarginFCF / Revenue | 4.4% | 60.1% |
| Capex IntensityCapex / Revenue | 4.6% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 3.08× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $616.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $108.3M | ||
| Q3 25 | $5.5M | $303.7M | ||
| Q2 25 | $4.7M | $30.4M | ||
| Q1 25 | $13.5M | $188.3M | ||
| Q4 24 | $-6.1M | $-71.7M | ||
| Q3 24 | $-3.2M | $143.1M | ||
| Q2 24 | $-7.6M | $113.2M | ||
| Q1 24 | — | $203.0M |
| Q4 25 | $4.9M | $104.1M | ||
| Q3 25 | $1.2M | $300.3M | ||
| Q2 25 | $-3.4M | $27.7M | ||
| Q1 25 | $10.1M | $184.7M | ||
| Q4 24 | $-12.2M | $-73.8M | ||
| Q3 24 | $-8.0M | $138.8M | ||
| Q2 24 | $-13.2M | $111.0M | ||
| Q1 24 | — | $201.3M |
| Q4 25 | 4.4% | 60.1% | ||
| Q3 25 | 1.1% | 160.9% | ||
| Q2 25 | -3.3% | 14.1% | ||
| Q1 25 | 9.8% | 67.2% | ||
| Q4 24 | -11.5% | -40.4% | ||
| Q3 24 | -10.4% | 77.3% | ||
| Q2 24 | -17.5% | 58.8% | ||
| Q1 24 | — | 78.1% |
| Q4 25 | 4.6% | 2.4% | ||
| Q3 25 | 3.9% | 1.8% | ||
| Q2 25 | 7.8% | 1.4% | ||
| Q1 25 | 3.3% | 1.3% | ||
| Q4 24 | 5.8% | 1.1% | ||
| Q3 24 | 6.3% | 2.4% | ||
| Q2 24 | 7.4% | 1.2% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 3.08× | ||
| Q3 25 | — | 7.83× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | -2.39× | ||
| Q3 24 | — | 4.27× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 2.90× |
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% |
CASH
| Consumer | $103.0M | 59% |
| Payment Card And Deposit Fees | $30.1M | 17% |
| Other | $24.2M | 14% |
| Rental Income | $11.6M | 7% |
| Commercial | $4.2M | 2% |
