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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.

Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $79.7M, roughly 1.4× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 6.6%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 4.7%).

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.

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

AIOT vs HSTM — Head-to-Head

Bigger by revenue
AIOT
AIOT
1.4× larger
AIOT
$113.5M
$79.7M
HSTM
Growing faster (revenue YoY)
HSTM
HSTM
+0.7% gap
HSTM
7.4%
6.6%
AIOT
More free cash flow
HSTM
HSTM
$8.0M more FCF
HSTM
$13.0M
$4.9M
AIOT
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
4.7%
HSTM

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIOT
AIOT
HSTM
HSTM
Revenue
$113.5M
$79.7M
Net Profit
$-3.4M
Gross Margin
55.2%
Operating Margin
5.6%
3.0%
Net Margin
-3.0%
Revenue YoY
6.6%
7.4%
Net Profit YoY
76.6%
EPS (diluted)
$-0.03
$0.09

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.

Revenue
AIOT
AIOT
HSTM
HSTM
Q4 25
$113.5M
$79.7M
Q3 25
$111.7M
$76.5M
Q2 25
$104.1M
$74.4M
Q1 25
$103.6M
$73.5M
Q4 24
$106.4M
$74.2M
Q3 24
$77.0M
$73.1M
Q2 24
$75.4M
$71.6M
Q1 24
$72.8M
Net Profit
AIOT
AIOT
HSTM
HSTM
Q4 25
$-3.4M
Q3 25
$-4.3M
$6.1M
Q2 25
$-10.2M
$5.4M
Q1 25
$-12.4M
$4.3M
Q4 24
$-14.3M
Q3 24
$-1.9M
$5.7M
Q2 24
$-22.3M
$4.2M
Q1 24
$5.2M
Gross Margin
AIOT
AIOT
HSTM
HSTM
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
Operating Margin
AIOT
AIOT
HSTM
HSTM
Q4 25
5.6%
3.0%
Q3 25
3.8%
9.9%
Q2 25
-2.0%
7.9%
Q1 25
-6.7%
6.0%
Q4 24
-1.2%
6.3%
Q3 24
0.7%
8.9%
Q2 24
-24.2%
6.2%
Q1 24
7.8%
Net Margin
AIOT
AIOT
HSTM
HSTM
Q4 25
-3.0%
Q3 25
-3.8%
8.0%
Q2 25
-9.8%
7.2%
Q1 25
-12.0%
5.9%
Q4 24
-13.5%
Q3 24
-2.5%
7.8%
Q2 24
-29.6%
5.8%
Q1 24
7.2%
EPS (diluted)
AIOT
AIOT
HSTM
HSTM
Q4 25
$-0.03
$0.09
Q3 25
$-0.03
$0.20
Q2 25
$-0.08
$0.18
Q1 25
$-0.09
$0.14
Q4 24
$-0.11
$0.16
Q3 24
$-0.02
$0.19
Q2 24
$-0.21
$0.14
Q1 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIOT
AIOT
HSTM
HSTM
Cash + ST InvestmentsLiquidity on hand
$31.2M
$36.2M
Total DebtLower is stronger
$237.8M
Stockholders' EquityBook value
$485.0M
$354.0M
Total Assets
$959.5M
$520.4M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
HSTM
HSTM
Q4 25
$31.2M
$36.2M
Q3 25
$27.9M
$53.5M
Q2 25
$31.2M
$52.1M
Q1 25
$44.4M
$77.3M
Q4 24
$33.6M
$59.5M
Q3 24
$26.0M
$57.5M
Q2 24
$30.2M
$46.1M
Q1 24
$52.4M
Total Debt
AIOT
AIOT
HSTM
HSTM
Q4 25
$237.8M
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
Stockholders' Equity
AIOT
AIOT
HSTM
HSTM
Q4 25
$485.0M
$354.0M
Q3 25
$468.8M
$349.2M
Q2 25
$460.7M
$350.6M
Q1 25
$446.6M
$362.8M
Q4 24
$458.4M
$359.4M
Q3 24
$451.0M
$355.5M
Q2 24
$390.4M
$349.2M
Q1 24
$344.9M
Total Assets
AIOT
AIOT
HSTM
HSTM
Q4 25
$959.5M
$520.4M
Q3 25
$936.9M
$499.9M
Q2 25
$930.8M
$500.1M
Q1 25
$910.1M
$524.0M
Q4 24
$908.7M
$510.8M
Q3 24
$748.3M
$502.8M
Q2 24
$684.9M
$499.6M
Q1 24
$511.6M
Debt / Equity
AIOT
AIOT
HSTM
HSTM
Q4 25
0.49×
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
AIOT
AIOT
HSTM
HSTM
Operating Cash FlowLast quarter
$10.2M
$13.2M
Free Cash FlowOCF − Capex
$4.9M
$13.0M
FCF MarginFCF / Revenue
4.4%
16.3%
Capex IntensityCapex / Revenue
4.6%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.9M
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIOT
AIOT
HSTM
HSTM
Q4 25
$10.2M
$13.2M
Q3 25
$5.5M
$18.0M
Q2 25
$4.7M
$5.0M
Q1 25
$13.5M
$27.1M
Q4 24
$-6.1M
$11.2M
Q3 24
$-3.2M
$19.1M
Q2 24
$-7.6M
$6.5M
Q1 24
$20.9M
Free Cash Flow
AIOT
AIOT
HSTM
HSTM
Q4 25
$4.9M
$13.0M
Q3 25
$1.2M
$17.9M
Q2 25
$-3.4M
$2.7M
Q1 25
$10.1M
$26.0M
Q4 24
$-12.2M
$11.0M
Q3 24
$-8.0M
$18.8M
Q2 24
$-13.2M
$6.3M
Q1 24
$20.2M
FCF Margin
AIOT
AIOT
HSTM
HSTM
Q4 25
4.4%
16.3%
Q3 25
1.1%
23.4%
Q2 25
-3.3%
3.6%
Q1 25
9.8%
35.4%
Q4 24
-11.5%
14.8%
Q3 24
-10.4%
25.8%
Q2 24
-17.5%
8.8%
Q1 24
27.8%
Capex Intensity
AIOT
AIOT
HSTM
HSTM
Q4 25
4.6%
0.3%
Q3 25
3.9%
0.1%
Q2 25
7.8%
3.1%
Q1 25
3.3%
1.4%
Q4 24
5.8%
0.3%
Q3 24
6.3%
0.4%
Q2 24
7.4%
0.2%
Q1 24
1.0%
Cash Conversion
AIOT
AIOT
HSTM
HSTM
Q4 25
Q3 25
2.96×
Q2 25
0.93×
Q1 25
6.25×
Q4 24
Q3 24
3.34×
Q2 24
1.55×
Q1 24
4.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIOT
AIOT

Services$91.1M80%
Products$22.4M20%

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

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