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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $88.2M, roughly 1.3× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -3.0%, a 29.8% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 5.0%).
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.
First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.
AIOT vs FMBH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $88.2M |
| Net Profit | $-3.4M | $23.7M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | 34.0% |
| Net Margin | -3.0% | 26.8% |
| Revenue YoY | 6.6% | 3.4% |
| Net Profit YoY | 76.6% | 23.5% |
| EPS (diluted) | $-0.03 | $0.98 |
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 | $88.2M | ||
| Q3 25 | $111.7M | $89.3M | ||
| Q2 25 | $104.1M | $87.5M | ||
| Q1 25 | $103.6M | $84.3M | ||
| Q4 24 | $106.4M | $85.3M | ||
| Q3 24 | $77.0M | $80.6M | ||
| Q2 24 | $75.4M | $79.2M | ||
| Q1 24 | — | $79.9M |
| Q4 25 | $-3.4M | $23.7M | ||
| Q3 25 | $-4.3M | $22.5M | ||
| Q2 25 | $-10.2M | $23.4M | ||
| Q1 25 | $-12.4M | $22.2M | ||
| Q4 24 | $-14.3M | $19.2M | ||
| Q3 24 | $-1.9M | $19.5M | ||
| Q2 24 | $-22.3M | $19.7M | ||
| Q1 24 | — | $20.5M |
| 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% | 34.0% | ||
| Q3 25 | 3.8% | 32.2% | ||
| Q2 25 | -2.0% | 34.4% | ||
| Q1 25 | -6.7% | 33.4% | ||
| Q4 24 | -1.2% | 29.7% | ||
| Q3 24 | 0.7% | 31.5% | ||
| Q2 24 | -24.2% | 33.7% | ||
| Q1 24 | — | 33.7% |
| Q4 25 | -3.0% | 26.8% | ||
| Q3 25 | -3.8% | 25.2% | ||
| Q2 25 | -9.8% | 26.8% | ||
| Q1 25 | -12.0% | 26.3% | ||
| Q4 24 | -13.5% | 22.5% | ||
| Q3 24 | -2.5% | 24.2% | ||
| Q2 24 | -29.6% | 24.9% | ||
| Q1 24 | — | 25.6% |
| Q4 25 | $-0.03 | $0.98 | ||
| Q3 25 | $-0.03 | $0.94 | ||
| Q2 25 | $-0.08 | $0.98 | ||
| Q1 25 | $-0.09 | $0.93 | ||
| Q4 24 | $-0.11 | $0.81 | ||
| Q3 24 | $-0.02 | $0.81 | ||
| Q2 24 | $-0.21 | $0.82 | ||
| Q1 24 | — | $0.86 |
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 | — |
| Total DebtLower is stronger | $237.8M | $354.5M |
| Stockholders' EquityBook value | $485.0M | $958.7M |
| Total Assets | $959.5M | $8.0B |
| Debt / EquityLower = less leverage | 0.49× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | — | ||
| Q3 25 | $27.9M | — | ||
| Q2 25 | $31.2M | — | ||
| Q1 25 | $44.4M | — | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $30.2M | — | ||
| Q1 24 | — | — |
| Q4 25 | $237.8M | $354.5M | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $958.7M | ||
| Q3 25 | $468.8M | $932.2M | ||
| Q2 25 | $460.7M | $894.1M | ||
| Q1 25 | $446.6M | $870.9M | ||
| Q4 24 | $458.4M | $846.4M | ||
| Q3 24 | $451.0M | $858.5M | ||
| Q2 24 | $390.4M | $813.6M | ||
| Q1 24 | — | $798.0M |
| Q4 25 | $959.5M | $8.0B | ||
| Q3 25 | $936.9M | $7.8B | ||
| Q2 25 | $930.8M | $7.7B | ||
| Q1 25 | $910.1M | $7.6B | ||
| Q4 24 | $908.7M | $7.5B | ||
| Q3 24 | $748.3M | $7.6B | ||
| Q2 24 | $684.9M | $7.6B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | 0.49× | 0.37× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| 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 | $130.9M |
| Free Cash FlowOCF − Capex | $4.9M | $124.0M |
| FCF MarginFCF / Revenue | 4.4% | 140.6% |
| Capex IntensityCapex / Revenue | 4.6% | 7.8% |
| Cash ConversionOCF / Net Profit | — | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $130.9M | ||
| Q3 25 | $5.5M | $33.0M | ||
| Q2 25 | $4.7M | $7.7M | ||
| Q1 25 | $13.5M | $47.9M | ||
| Q4 24 | $-6.1M | $124.4M | ||
| Q3 24 | $-3.2M | $33.1M | ||
| Q2 24 | $-7.6M | $24.0M | ||
| Q1 24 | — | $29.0M |
| Q4 25 | $4.9M | $124.0M | ||
| Q3 25 | $1.2M | $31.9M | ||
| Q2 25 | $-3.4M | $6.0M | ||
| Q1 25 | $10.1M | $46.0M | ||
| Q4 24 | $-12.2M | $119.5M | ||
| Q3 24 | $-8.0M | $32.0M | ||
| Q2 24 | $-13.2M | $22.9M | ||
| Q1 24 | — | $27.6M |
| Q4 25 | 4.4% | 140.6% | ||
| Q3 25 | 1.1% | 35.8% | ||
| Q2 25 | -3.3% | 6.8% | ||
| Q1 25 | 9.8% | 54.5% | ||
| Q4 24 | -11.5% | 140.0% | ||
| Q3 24 | -10.4% | 39.7% | ||
| Q2 24 | -17.5% | 28.9% | ||
| Q1 24 | — | 34.5% |
| Q4 25 | 4.6% | 7.8% | ||
| Q3 25 | 3.9% | 1.2% | ||
| Q2 25 | 7.8% | 2.0% | ||
| Q1 25 | 3.3% | 2.3% | ||
| Q4 24 | 5.8% | 5.8% | ||
| Q3 24 | 6.3% | 1.4% | ||
| Q2 24 | 7.4% | 1.4% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | 5.53× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.42× |
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% |
FMBH
Segment breakdown not available.
