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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $113.5M, roughly 2.6× Powerfleet, Inc.). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -3.0%, a 12.9% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 6.6%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $4.9M). Over the past eight quarters, ESCO TECHNOLOGIES INC's revenue compounded faster (7.8% 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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
AIOT vs ESE — Head-to-Head
Income Statement — Q3 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $289.7M |
| Net Profit | $-3.4M | $28.7M |
| Gross Margin | 55.2% | 41.4% |
| Operating Margin | 5.6% | 13.2% |
| Net Margin | -3.0% | 9.9% |
| Revenue YoY | 6.6% | 17.3% |
| Net Profit YoY | 76.6% | 22.2% |
| EPS (diluted) | $-0.03 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $111.7M | $286.5M | ||
| Q2 25 | $104.1M | $296.3M | ||
| Q1 25 | $103.6M | $265.5M | ||
| Q4 24 | $106.4M | $247.0M | ||
| Q3 24 | $77.0M | $298.5M | ||
| Q2 24 | $75.4M | $260.8M | ||
| Q1 24 | — | $249.1M |
| Q4 25 | $-3.4M | $28.7M | ||
| Q3 25 | $-4.3M | $218.7M | ||
| Q2 25 | $-10.2M | $26.1M | ||
| Q1 25 | $-12.4M | $31.0M | ||
| Q4 24 | $-14.3M | $23.5M | ||
| Q3 24 | $-1.9M | $34.3M | ||
| Q2 24 | $-22.3M | $29.2M | ||
| Q1 24 | — | $23.2M |
| Q4 25 | 55.2% | 41.4% | ||
| Q3 25 | 56.0% | 45.9% | ||
| Q2 25 | 54.2% | 41.2% | ||
| Q1 25 | 52.8% | 41.1% | ||
| Q4 24 | 55.2% | 39.8% | ||
| Q3 24 | 53.7% | 40.1% | ||
| Q2 24 | 52.6% | 39.6% | ||
| Q1 24 | — | 38.8% |
| Q4 25 | 5.6% | 13.2% | ||
| Q3 25 | 3.8% | 17.2% | ||
| Q2 25 | -2.0% | 11.2% | ||
| Q1 25 | -6.7% | 15.3% | ||
| Q4 24 | -1.2% | 11.4% | ||
| Q3 24 | 0.7% | 14.8% | ||
| Q2 24 | -24.2% | 14.3% | ||
| Q1 24 | — | 11.7% |
| Q4 25 | -3.0% | 9.9% | ||
| Q3 25 | -3.8% | 76.3% | ||
| Q2 25 | -9.8% | 8.8% | ||
| Q1 25 | -12.0% | 11.7% | ||
| Q4 24 | -13.5% | 9.5% | ||
| Q3 24 | -2.5% | 11.5% | ||
| Q2 24 | -29.6% | 11.2% | ||
| Q1 24 | — | 9.3% |
| Q4 25 | $-0.03 | $1.11 | ||
| Q3 25 | $-0.03 | $8.43 | ||
| Q2 25 | $-0.08 | $1.01 | ||
| Q1 25 | $-0.09 | $1.20 | ||
| Q4 24 | $-0.11 | $0.91 | ||
| Q3 24 | $-0.02 | $1.32 | ||
| Q2 24 | $-0.21 | $1.13 | ||
| Q1 24 | — | $0.90 |
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 | $103.8M |
| Total DebtLower is stronger | $237.8M | $145.5M |
| Stockholders' EquityBook value | $485.0M | $1.6B |
| Total Assets | $959.5M | $2.4B |
| Debt / EquityLower = less leverage | 0.49× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $103.8M | ||
| Q3 25 | $27.9M | $101.3M | ||
| Q2 25 | $31.2M | $78.7M | ||
| Q1 25 | $44.4M | $57.4M | ||
| Q4 24 | $33.6M | $71.3M | ||
| Q3 24 | $26.0M | $66.0M | ||
| Q2 24 | $30.2M | $63.0M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $237.8M | $145.5M | ||
| Q3 25 | $238.2M | $186.0M | ||
| Q2 25 | $239.0M | $525.0M | ||
| Q1 25 | $237.5M | $88.0M | ||
| Q4 24 | $238.5M | $112.0M | ||
| Q3 24 | $113.6M | $122.0M | ||
| Q2 24 | $113.7M | $173.0M | ||
| Q1 24 | — | $191.0M |
| Q4 25 | $485.0M | $1.6B | ||
| Q3 25 | $468.8M | $1.5B | ||
| Q2 25 | $460.7M | $1.3B | ||
| Q1 25 | $446.6M | $1.3B | ||
| Q4 24 | $458.4M | $1.2B | ||
| Q3 24 | $451.0M | $1.2B | ||
| Q2 24 | $390.4M | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $959.5M | $2.4B | ||
| Q3 25 | $936.9M | $2.4B | ||
| Q2 25 | $930.8M | $2.5B | ||
| Q1 25 | $910.1M | $1.8B | ||
| Q4 24 | $908.7M | $1.8B | ||
| Q3 24 | $748.3M | $1.8B | ||
| Q2 24 | $684.9M | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | 0.49× | 0.09× | ||
| Q3 25 | 0.51× | 0.12× | ||
| Q2 25 | 0.52× | 0.40× | ||
| Q1 25 | 0.53× | 0.07× | ||
| Q4 24 | 0.52× | 0.09× | ||
| Q3 24 | 0.25× | 0.10× | ||
| Q2 24 | 0.29× | 0.14× | ||
| Q1 24 | — | 0.16× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | $4.9M | $63.0M |
| FCF MarginFCF / Revenue | 4.4% | 21.7% |
| Capex IntensityCapex / Revenue | 4.6% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $68.9M | ||
| Q3 25 | $5.5M | $109.9M | ||
| Q2 25 | $4.7M | $73.7M | ||
| Q1 25 | $13.5M | $24.1M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | $-3.2M | $72.1M | ||
| Q2 24 | $-7.6M | $36.2M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | $4.9M | $63.0M | ||
| Q3 25 | $1.2M | $97.8M | ||
| Q2 25 | $-3.4M | $64.9M | ||
| Q1 25 | $10.1M | $14.0M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | $-8.0M | $60.9M | ||
| Q2 24 | $-13.2M | $27.6M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | 4.4% | 21.7% | ||
| Q3 25 | 1.1% | 34.1% | ||
| Q2 25 | -3.3% | 21.9% | ||
| Q1 25 | 9.8% | 5.3% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -10.4% | 20.4% | ||
| Q2 24 | -17.5% | 10.6% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 4.6% | 2.0% | ||
| Q3 25 | 3.9% | 4.2% | ||
| Q2 25 | 7.8% | 3.0% | ||
| Q1 25 | 3.3% | 3.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 6.3% | 3.8% | ||
| Q2 24 | 7.4% | 3.3% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 0.45× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
