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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $58.8M, roughly 1.9× CBAK Energy Technology, Inc.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -12.5%, a 9.6% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 6.6%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -0.0%).
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.
CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.
AIOT vs CBAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $58.8M |
| Net Profit | $-3.4M | $-7.4M |
| Gross Margin | 55.2% | 7.3% |
| Operating Margin | 5.6% | -13.6% |
| Net Margin | -3.0% | -12.5% |
| Revenue YoY | 6.6% | 131.8% |
| Net Profit YoY | 76.6% | -63.6% |
| EPS (diluted) | $-0.03 | $-0.08 |
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 | $58.8M | ||
| Q3 25 | $111.7M | $60.9M | ||
| Q2 25 | $104.1M | $40.5M | ||
| Q1 25 | $103.6M | $34.9M | ||
| Q4 24 | $106.4M | $25.4M | ||
| Q3 24 | $77.0M | $44.6M | ||
| Q2 24 | $75.4M | $47.8M | ||
| Q1 24 | — | $58.8M |
| Q4 25 | $-3.4M | $-7.4M | ||
| Q3 25 | $-4.3M | $2.7M | ||
| Q2 25 | $-10.2M | $-3.1M | ||
| Q1 25 | $-12.4M | $-1.6M | ||
| Q4 24 | $-14.3M | $-4.5M | ||
| Q3 24 | $-1.9M | $17.6K | ||
| Q2 24 | $-22.3M | $6.4M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | 55.2% | 7.3% | ||
| Q3 25 | 56.0% | 8.0% | ||
| Q2 25 | 54.2% | 11.0% | ||
| Q1 25 | 52.8% | 13.7% | ||
| Q4 24 | 55.2% | 13.1% | ||
| Q3 24 | 53.7% | 15.6% | ||
| Q2 24 | 52.6% | 26.6% | ||
| Q1 24 | — | 31.9% |
| Q4 25 | 5.6% | -13.6% | ||
| Q3 25 | 3.8% | -6.6% | ||
| Q2 25 | -2.0% | -8.7% | ||
| Q1 25 | -6.7% | -8.2% | ||
| Q4 24 | -1.2% | -26.0% | ||
| Q3 24 | 0.7% | -1.9% | ||
| Q2 24 | -24.2% | 12.4% | ||
| Q1 24 | — | 17.4% |
| Q4 25 | -3.0% | -12.5% | ||
| Q3 25 | -3.8% | 4.4% | ||
| Q2 25 | -9.8% | -7.6% | ||
| Q1 25 | -12.0% | -4.5% | ||
| Q4 24 | -13.5% | -17.8% | ||
| Q3 24 | -2.5% | 0.0% | ||
| Q2 24 | -29.6% | 13.5% | ||
| Q1 24 | — | 16.7% |
| Q4 25 | $-0.03 | $-0.08 | ||
| Q3 25 | $-0.03 | $0.03 | ||
| Q2 25 | $-0.08 | $-0.03 | ||
| Q1 25 | $-0.09 | $-0.02 | ||
| Q4 24 | $-0.11 | $-0.05 | ||
| Q3 24 | $-0.02 | $0.00 | ||
| Q2 24 | $-0.21 | $0.07 | ||
| Q1 24 | — | $0.11 |
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 | $8.3M |
| Total DebtLower is stronger | $237.8M | $4.1M |
| Stockholders' EquityBook value | $485.0M | $112.7M |
| Total Assets | $959.5M | $426.2M |
| Debt / EquityLower = less leverage | 0.49× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $8.3M | ||
| Q3 25 | $27.9M | $10.5M | ||
| Q2 25 | $31.2M | $45.7M | ||
| Q1 25 | $44.4M | $9.6M | ||
| Q4 24 | $33.6M | $11.0M | ||
| Q3 24 | $26.0M | $24.2M | ||
| Q2 24 | $30.2M | $44.1M | ||
| Q1 24 | — | $23.8M |
| Q4 25 | $237.8M | $4.1M | ||
| Q3 25 | $238.2M | $4.8M | ||
| Q2 25 | $239.0M | $4.9M | ||
| Q1 25 | $237.5M | $4.1M | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $112.7M | ||
| Q3 25 | $468.8M | $121.4M | ||
| Q2 25 | $460.7M | $118.2M | ||
| Q1 25 | $446.6M | $120.8M | ||
| Q4 24 | $458.4M | $121.7M | ||
| Q3 24 | $451.0M | $131.2M | ||
| Q2 24 | $390.4M | $126.6M | ||
| Q1 24 | — | $120.9M |
| Q4 25 | $959.5M | $426.2M | ||
| Q3 25 | $936.9M | $363.9M | ||
| Q2 25 | $930.8M | $333.1M | ||
| Q1 25 | $910.1M | $311.5M | ||
| Q4 24 | $908.7M | $302.2M | ||
| Q3 24 | $748.3M | $293.5M | ||
| Q2 24 | $684.9M | $279.6M | ||
| Q1 24 | — | $286.5M |
| Q4 25 | 0.49× | 0.04× | ||
| Q3 25 | 0.51× | 0.04× | ||
| Q2 25 | 0.52× | 0.04× | ||
| Q1 25 | 0.53× | 0.03× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.2M | $29.8M |
| Free Cash FlowOCF − Capex | $4.9M | $16.1M |
| FCF MarginFCF / Revenue | 4.4% | 27.3% |
| Capex IntensityCapex / Revenue | 4.6% | 23.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $29.8M | ||
| Q3 25 | $5.5M | $14.6M | ||
| Q2 25 | $4.7M | $13.8M | ||
| Q1 25 | $13.5M | $-9.6M | ||
| Q4 24 | $-6.1M | $9.6M | ||
| Q3 24 | $-3.2M | $19.7M | ||
| Q2 24 | $-7.6M | $2.9M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | $4.9M | $16.1M | ||
| Q3 25 | $1.2M | $6.0M | ||
| Q2 25 | $-3.4M | $4.1M | ||
| Q1 25 | $10.1M | $-22.3M | ||
| Q4 24 | $-12.2M | $3.9M | ||
| Q3 24 | $-8.0M | $16.5M | ||
| Q2 24 | $-13.2M | $2.5M | ||
| Q1 24 | — | $-454.0K |
| Q4 25 | 4.4% | 27.3% | ||
| Q3 25 | 1.1% | 9.9% | ||
| Q2 25 | -3.3% | 10.2% | ||
| Q1 25 | 9.8% | -63.9% | ||
| Q4 24 | -11.5% | 15.5% | ||
| Q3 24 | -10.4% | 37.1% | ||
| Q2 24 | -17.5% | 5.2% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | 4.6% | 23.4% | ||
| Q3 25 | 3.9% | 14.1% | ||
| Q2 25 | 7.8% | 23.8% | ||
| Q1 25 | 3.3% | 36.3% | ||
| Q4 24 | 5.8% | 22.5% | ||
| Q3 24 | 6.3% | 7.0% | ||
| Q2 24 | 7.4% | 0.9% | ||
| Q1 24 | — | 13.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.76× |
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% |
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
