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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT). Click either name above to swap in a different company.
ESSENTIAL PROPERTIES REALTY TRUST, INC. is the larger business by last-quarter revenue ($158.8M vs $113.5M, roughly 1.4× Powerfleet, Inc.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -3.0%, a 40.7% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 6.6%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 20.6%).
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.
Essential Properties Realty Trust is a publicly traded real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-leased commercial properties across the United States. Its assets primarily cover essential service-oriented sectors including casual dining, automotive services, medical clinics, early childhood education centers and light industrial facilities, with tenants mostly holding robust long-term operating track records.
AIOT vs EPRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $158.8M |
| Net Profit | $-3.4M | $60.0M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | 56.5% |
| Net Margin | -3.0% | 37.8% |
| Revenue YoY | 6.6% | 22.8% |
| Net Profit YoY | 76.6% | 6.5% |
| EPS (diluted) | $-0.03 | $0.28 |
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.
| Q1 26 | — | $158.8M | ||
| Q4 25 | $113.5M | $149.9M | ||
| Q3 25 | $111.7M | $144.9M | ||
| Q2 25 | $104.1M | $137.1M | ||
| Q1 25 | $103.6M | $129.4M | ||
| Q4 24 | $106.4M | $119.7M | ||
| Q3 24 | $77.0M | $117.1M | ||
| Q2 24 | $75.4M | $109.3M |
| Q1 26 | — | $60.0M | ||
| Q4 25 | $-3.4M | $68.1M | ||
| Q3 25 | $-4.3M | $65.6M | ||
| Q2 25 | $-10.2M | $63.2M | ||
| Q1 25 | $-12.4M | $56.1M | ||
| Q4 24 | $-14.3M | $55.4M | ||
| Q3 24 | $-1.9M | $49.1M | ||
| Q2 24 | $-22.3M | $51.5M |
| Q1 26 | — | — | ||
| 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 26 | — | 56.5% | ||
| Q4 25 | 5.6% | 65.9% | ||
| Q3 25 | 3.8% | 64.7% | ||
| Q2 25 | -2.0% | 64.1% | ||
| Q1 25 | -6.7% | 61.6% | ||
| Q4 24 | -1.2% | 66.1% | ||
| Q3 24 | 0.7% | 59.7% | ||
| Q2 24 | -24.2% | 61.1% |
| Q1 26 | — | 37.8% | ||
| Q4 25 | -3.0% | 45.4% | ||
| Q3 25 | -3.8% | 45.3% | ||
| Q2 25 | -9.8% | 46.1% | ||
| Q1 25 | -12.0% | 43.4% | ||
| Q4 24 | -13.5% | 46.3% | ||
| Q3 24 | -2.5% | 42.0% | ||
| Q2 24 | -29.6% | 47.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.03 | $0.34 | ||
| Q3 25 | $-0.03 | $0.33 | ||
| Q2 25 | $-0.08 | $0.32 | ||
| Q1 25 | $-0.09 | $0.29 | ||
| Q4 24 | $-0.11 | $0.31 | ||
| Q3 24 | $-0.02 | $0.27 | ||
| Q2 24 | $-0.21 | $0.29 |
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 | $15.2M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $4.4B |
| Total Assets | $959.5M | $7.2B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.2M | ||
| Q4 25 | $31.2M | $60.2M | ||
| Q3 25 | $27.9M | $23.8M | ||
| Q2 25 | $31.2M | $20.8M | ||
| Q1 25 | $44.4M | $47.0M | ||
| Q4 24 | $33.6M | $40.7M | ||
| Q3 24 | $26.0M | $32.7M | ||
| Q2 24 | $30.2M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | $237.8M | $2.5B | ||
| Q3 25 | $238.2M | $2.6B | ||
| Q2 25 | $239.0M | $2.3B | ||
| Q1 25 | $237.5M | $2.1B | ||
| Q4 24 | $238.5M | $2.1B | ||
| Q3 24 | $113.6M | $2.2B | ||
| Q2 24 | $113.7M | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $485.0M | $4.2B | ||
| Q3 25 | $468.8M | $3.8B | ||
| Q2 25 | $460.7M | $3.8B | ||
| Q1 25 | $446.6M | $3.8B | ||
| Q4 24 | $458.4M | $3.6B | ||
| Q3 24 | $451.0M | $3.2B | ||
| Q2 24 | $390.4M | $3.2B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $959.5M | $6.9B | ||
| Q3 25 | $936.9M | $6.6B | ||
| Q2 25 | $930.8M | $6.3B | ||
| Q1 25 | $910.1M | $6.1B | ||
| Q4 24 | $908.7M | $5.8B | ||
| Q3 24 | $748.3M | $5.5B | ||
| Q2 24 | $684.9M | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | 0.60× | ||
| Q3 25 | 0.51× | 0.69× | ||
| Q2 25 | 0.52× | 0.61× | ||
| Q1 25 | 0.53× | 0.56× | ||
| Q4 24 | 0.52× | 0.60× | ||
| Q3 24 | 0.25× | 0.69× | ||
| Q2 24 | 0.29× | 0.59× |
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 | — |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $381.1M | ||
| Q3 25 | $5.5M | $99.0M | ||
| Q2 25 | $4.7M | $99.8M | ||
| Q1 25 | $13.5M | $77.2M | ||
| Q4 24 | $-6.1M | $308.5M | ||
| Q3 24 | $-3.2M | $73.5M | ||
| Q2 24 | $-7.6M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $10.1M | — | ||
| Q4 24 | $-12.2M | — | ||
| Q3 24 | $-8.0M | — | ||
| Q2 24 | $-13.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | -3.3% | — | ||
| Q1 25 | 9.8% | — | ||
| Q4 24 | -11.5% | — | ||
| Q3 24 | -10.4% | — | ||
| Q2 24 | -17.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 7.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.60× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 5.57× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 1.57× |
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% |
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
