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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $113.5M, roughly 1.4× Powerfleet, Inc.). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs -3.0%, a 7.7% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-2.2M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 12.0%).
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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
AIOT vs IIIN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $159.9M |
| Net Profit | $-3.4M | $7.6M |
| Gross Margin | 55.2% | 11.3% |
| Operating Margin | 5.6% | 6.0% |
| Net Margin | -3.0% | 4.7% |
| Revenue YoY | 6.6% | 23.3% |
| Net Profit YoY | 76.6% | 602.4% |
| EPS (diluted) | $-0.03 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $111.7M | $177.4M | ||
| Q2 25 | $104.1M | $179.9M | ||
| Q1 25 | $103.6M | $160.7M | ||
| Q4 24 | $106.4M | $129.7M | ||
| Q3 24 | $77.0M | $134.3M | ||
| Q2 24 | $75.4M | $145.8M | ||
| Q1 24 | — | $127.4M |
| Q4 25 | $-3.4M | $7.6M | ||
| Q3 25 | $-4.3M | $14.6M | ||
| Q2 25 | $-10.2M | $15.2M | ||
| Q1 25 | $-12.4M | $10.2M | ||
| Q4 24 | $-14.3M | $1.1M | ||
| Q3 24 | $-1.9M | $4.7M | ||
| Q2 24 | $-22.3M | $6.6M | ||
| Q1 24 | — | $6.9M |
| Q4 25 | 55.2% | 11.3% | ||
| Q3 25 | 56.0% | 16.1% | ||
| Q2 25 | 54.2% | 17.1% | ||
| Q1 25 | 52.8% | 15.3% | ||
| Q4 24 | 55.2% | 7.3% | ||
| Q3 24 | 53.7% | 9.1% | ||
| Q2 24 | 52.6% | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 5.6% | 6.0% | ||
| Q3 25 | 3.8% | 10.8% | ||
| Q2 25 | -2.0% | 11.0% | ||
| Q1 25 | -6.7% | 8.3% | ||
| Q4 24 | -1.2% | 1.1% | ||
| Q3 24 | 0.7% | 4.5% | ||
| Q2 24 | -24.2% | 6.0% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | -3.0% | 4.7% | ||
| Q3 25 | -3.8% | 8.2% | ||
| Q2 25 | -9.8% | 8.4% | ||
| Q1 25 | -12.0% | 6.4% | ||
| Q4 24 | -13.5% | 0.8% | ||
| Q3 24 | -2.5% | 3.5% | ||
| Q2 24 | -29.6% | 4.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | $-0.03 | $0.39 | ||
| Q3 25 | $-0.03 | $0.74 | ||
| Q2 25 | $-0.08 | $0.78 | ||
| Q1 25 | $-0.09 | $0.52 | ||
| Q4 24 | $-0.11 | $0.06 | ||
| Q3 24 | $-0.02 | $0.24 | ||
| Q2 24 | $-0.21 | $0.34 | ||
| Q1 24 | — | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $358.8M |
| Total Assets | $959.5M | $456.1M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $15.6M | ||
| Q3 25 | $27.9M | $38.6M | ||
| Q2 25 | $31.2M | $53.7M | ||
| Q1 25 | $44.4M | $28.4M | ||
| Q4 24 | $33.6M | $36.0M | ||
| Q3 24 | $26.0M | $111.5M | ||
| Q2 24 | $30.2M | $97.7M | ||
| Q1 24 | — | $83.9M |
| 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 | — | — |
| Q4 25 | $485.0M | $358.8M | ||
| Q3 25 | $468.8M | $371.5M | ||
| Q2 25 | $460.7M | $356.2M | ||
| Q1 25 | $446.6M | $341.4M | ||
| Q4 24 | $458.4M | $331.6M | ||
| Q3 24 | $451.0M | $350.9M | ||
| Q2 24 | $390.4M | $346.0M | ||
| Q1 24 | — | $340.6M |
| Q4 25 | $959.5M | $456.1M | ||
| Q3 25 | $936.9M | $462.6M | ||
| Q2 25 | $930.8M | $471.9M | ||
| Q1 25 | $910.1M | $421.9M | ||
| Q4 24 | $908.7M | $404.7M | ||
| Q3 24 | $748.3M | $422.6M | ||
| Q2 24 | $684.9M | $414.6M | ||
| Q1 24 | — | $397.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.2M | $-701.0K |
| Free Cash FlowOCF − Capex | $4.9M | $-2.2M |
| FCF MarginFCF / Revenue | 4.4% | -1.4% |
| Capex IntensityCapex / Revenue | 4.6% | 0.9% |
| Cash ConversionOCF / Net Profit | — | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $-701.0K | ||
| Q3 25 | $5.5M | $-17.0M | ||
| Q2 25 | $4.7M | $28.5M | ||
| Q1 25 | $13.5M | $-3.3M | ||
| Q4 24 | $-6.1M | $19.0M | ||
| Q3 24 | $-3.2M | $16.2M | ||
| Q2 24 | $-7.6M | $18.8M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $4.9M | $-2.2M | ||
| Q3 25 | $1.2M | $-18.7M | ||
| Q2 25 | $-3.4M | $26.9M | ||
| Q1 25 | $10.1M | $-5.5M | ||
| Q4 24 | $-12.2M | $16.3M | ||
| Q3 24 | $-8.0M | $14.5M | ||
| Q2 24 | $-13.2M | $15.5M | ||
| Q1 24 | — | $-580.0K |
| Q4 25 | 4.4% | -1.4% | ||
| Q3 25 | 1.1% | -10.6% | ||
| Q2 25 | -3.3% | 15.0% | ||
| Q1 25 | 9.8% | -3.5% | ||
| Q4 24 | -11.5% | 12.6% | ||
| Q3 24 | -10.4% | 10.8% | ||
| Q2 24 | -17.5% | 10.7% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | 4.6% | 0.9% | ||
| Q3 25 | 3.9% | 1.0% | ||
| Q2 25 | 7.8% | 0.9% | ||
| Q1 25 | 3.3% | 1.4% | ||
| Q4 24 | 5.8% | 2.1% | ||
| Q3 24 | 6.3% | 1.3% | ||
| Q2 24 | 7.4% | 2.2% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | — | 2.86× | ||
| Q1 24 | — | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
