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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and Carnival (CCL). Click either name above to swap in a different company.
Carnival is the larger business by last-quarter revenue ($6.3B vs $113.5M, roughly 55.8× Powerfleet, Inc.). Carnival runs the higher net margin — 6.6% vs -3.0%, a 9.6% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 6.6%). Carnival produced more free cash flow last quarter ($12.0M vs $4.9M). Over the past eight quarters, Carnival's revenue compounded faster (8.2% 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.
CarnivalCCLEarnings & Financial Report
Carnival is the world's largest leisure travel group specializing in cruise operations. It owns multiple globally recognized cruise brands, serving millions of passengers yearly, offering all-inclusive vacation experiences covering accommodation, catering, entertainment, and shore excursions across global popular destinations.
AIOT vs CCL — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $6.3B |
| Net Profit | $-3.4M | $421.0M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | 11.6% |
| Net Margin | -3.0% | 6.6% |
| Revenue YoY | 6.6% | 6.6% |
| Net Profit YoY | 76.6% | 38.9% |
| EPS (diluted) | $-0.03 | $0.33 |
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 | $6.3B | ||
| Q3 25 | $111.7M | $8.2B | ||
| Q2 25 | $104.1M | $6.3B | ||
| Q1 25 | $103.6M | $5.8B | ||
| Q4 24 | $106.4M | $5.9B | ||
| Q3 24 | $77.0M | $7.9B | ||
| Q2 24 | $75.4M | $5.8B | ||
| Q1 24 | — | $5.4B |
| Q4 25 | $-3.4M | $421.0M | ||
| Q3 25 | $-4.3M | $1.9B | ||
| Q2 25 | $-10.2M | $565.0M | ||
| Q1 25 | $-12.4M | $-78.0M | ||
| Q4 24 | $-14.3M | $303.0M | ||
| Q3 24 | $-1.9M | $1.7B | ||
| Q2 24 | $-22.3M | $92.0M | ||
| Q1 24 | — | $-214.0M |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 56.0% | 46.2% | ||
| Q2 25 | 54.2% | 38.6% | ||
| Q1 25 | 52.8% | 35.2% | ||
| Q4 24 | 55.2% | 35.5% | ||
| Q3 24 | 53.7% | 45.5% | ||
| Q2 24 | 52.6% | 34.3% | ||
| Q1 24 | — | 31.5% |
| Q4 25 | 5.6% | 11.6% | ||
| Q3 25 | 3.8% | 27.9% | ||
| Q2 25 | -2.0% | 14.8% | ||
| Q1 25 | -6.7% | 9.3% | ||
| Q4 24 | -1.2% | 9.4% | ||
| Q3 24 | 0.7% | 27.6% | ||
| Q2 24 | -24.2% | 9.7% | ||
| Q1 24 | — | 5.1% |
| Q4 25 | -3.0% | 6.6% | ||
| Q3 25 | -3.8% | 22.7% | ||
| Q2 25 | -9.8% | 8.9% | ||
| Q1 25 | -12.0% | -1.3% | ||
| Q4 24 | -13.5% | 5.1% | ||
| Q3 24 | -2.5% | 22.0% | ||
| Q2 24 | -29.6% | 1.6% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | $-0.03 | $0.33 | ||
| Q3 25 | $-0.03 | $1.33 | ||
| Q2 25 | $-0.08 | $0.42 | ||
| Q1 25 | $-0.09 | $-0.06 | ||
| Q4 24 | $-0.11 | $0.28 | ||
| Q3 24 | $-0.02 | $1.26 | ||
| Q2 24 | $-0.21 | $0.07 | ||
| Q1 24 | — | $-0.17 |
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 | $1.9B |
| Total DebtLower is stronger | $237.8M | $27.4B |
| Stockholders' EquityBook value | $485.0M | $12.3B |
| Total Assets | $959.5M | $51.7B |
| Debt / EquityLower = less leverage | 0.49× | 2.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $1.9B | ||
| Q3 25 | $27.9M | $1.8B | ||
| Q2 25 | $31.2M | $2.1B | ||
| Q1 25 | $44.4M | $833.0M | ||
| Q4 24 | $33.6M | $1.2B | ||
| Q3 24 | $26.0M | $1.5B | ||
| Q2 24 | $30.2M | $1.6B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | $237.8M | $27.4B | ||
| Q3 25 | $238.2M | $27.2B | ||
| Q2 25 | $239.0M | $28.0B | ||
| Q1 25 | $237.5M | $27.7B | ||
| Q4 24 | $238.5M | $28.2B | ||
| Q3 24 | $113.6M | $29.6B | ||
| Q2 24 | $113.7M | $30.2B | ||
| Q1 24 | — | $31.6B |
| Q4 25 | $485.0M | $12.3B | ||
| Q3 25 | $468.8M | $11.9B | ||
| Q2 25 | $460.7M | $10.0B | ||
| Q1 25 | $446.6M | $9.2B | ||
| Q4 24 | $458.4M | $9.3B | ||
| Q3 24 | $451.0M | $8.6B | ||
| Q2 24 | $390.4M | $6.8B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | $959.5M | $51.7B | ||
| Q3 25 | $936.9M | $50.8B | ||
| Q2 25 | $930.8M | $51.2B | ||
| Q1 25 | $910.1M | $48.5B | ||
| Q4 24 | $908.7M | $49.1B | ||
| Q3 24 | $748.3M | $49.8B | ||
| Q2 24 | $684.9M | $49.6B | ||
| Q1 24 | — | $49.8B |
| Q4 25 | 0.49× | 2.23× | ||
| Q3 25 | 0.51× | 2.28× | ||
| Q2 25 | 0.52× | 2.79× | ||
| Q1 25 | 0.53× | 3.02× | ||
| Q4 24 | 0.52× | 3.05× | ||
| Q3 24 | 0.25× | 3.45× | ||
| Q2 24 | 0.29× | 4.43× | ||
| Q1 24 | — | 4.72× |
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 | $1.5B |
| Free Cash FlowOCF − Capex | $4.9M | $12.0M |
| FCF MarginFCF / Revenue | 4.4% | 0.2% |
| Capex IntensityCapex / Revenue | 4.6% | 23.8% |
| Cash ConversionOCF / Net Profit | — | 3.61× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $1.5B | ||
| Q3 25 | $5.5M | $1.4B | ||
| Q2 25 | $4.7M | $2.4B | ||
| Q1 25 | $13.5M | $925.0M | ||
| Q4 24 | — | $911.0M | ||
| Q3 24 | $-3.2M | $1.2B | ||
| Q2 24 | $-7.6M | $2.0B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | $4.9M | $12.0M | ||
| Q3 25 | $1.2M | $736.0M | ||
| Q2 25 | $-3.4M | $1.5B | ||
| Q1 25 | $10.1M | $318.0M | ||
| Q4 24 | — | $319.0M | ||
| Q3 24 | $-8.0M | $628.0M | ||
| Q2 24 | $-13.2M | $720.0M | ||
| Q1 24 | — | $-370.0M |
| Q4 25 | 4.4% | 0.2% | ||
| Q3 25 | 1.1% | 9.0% | ||
| Q2 25 | -3.3% | 24.4% | ||
| Q1 25 | 9.8% | 5.5% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | -10.4% | 8.0% | ||
| Q2 24 | -17.5% | 12.5% | ||
| Q1 24 | — | -6.8% |
| Q4 25 | 4.6% | 23.8% | ||
| Q3 25 | 3.9% | 7.9% | ||
| Q2 25 | 7.8% | 13.4% | ||
| Q1 25 | 3.3% | 10.4% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 6.3% | 7.3% | ||
| Q2 24 | 7.4% | 22.8% | ||
| Q1 24 | — | 39.5% |
| Q4 25 | — | 3.61× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 4.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.01× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 22.16× | ||
| 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% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
