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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and CarMax (KMX). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $113.5M, roughly 51.1× Powerfleet, Inc.). CarMax runs the higher net margin — 1.1% vs -3.0%, a 4.0% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (3.3% CAGR vs 1.5%).
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.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
AIOT vs KMX — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $5.8B |
| Net Profit | $-3.4M | $62.2M |
| Gross Margin | 55.2% | 10.2% |
| Operating Margin | 5.6% | — |
| Net Margin | -3.0% | 1.1% |
| Revenue YoY | 6.6% | -6.9% |
| Net Profit YoY | 76.6% | -50.4% |
| EPS (diluted) | $-0.03 | $0.43 |
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 | $5.8B | ||
| Q3 25 | $111.7M | $6.6B | ||
| Q2 25 | $104.1M | $7.5B | ||
| Q1 25 | $103.6M | $6.0B | ||
| Q4 24 | $106.4M | $6.2B | ||
| Q3 24 | $77.0M | $7.0B | ||
| Q2 24 | $75.4M | $7.1B | ||
| Q1 24 | — | $5.6B |
| Q4 25 | $-3.4M | $62.2M | ||
| Q3 25 | $-4.3M | $95.4M | ||
| Q2 25 | $-10.2M | $210.4M | ||
| Q1 25 | $-12.4M | $89.9M | ||
| Q4 24 | $-14.3M | $125.4M | ||
| Q3 24 | $-1.9M | $132.8M | ||
| Q2 24 | $-22.3M | $152.4M | ||
| Q1 24 | — | $50.3M |
| Q4 25 | 55.2% | 10.2% | ||
| Q3 25 | 56.0% | 10.9% | ||
| Q2 25 | 54.2% | 11.8% | ||
| Q1 25 | 52.8% | 11.1% | ||
| Q4 24 | 55.2% | 10.9% | ||
| Q3 24 | 53.7% | 10.8% | ||
| Q2 24 | 52.6% | 11.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -6.7% | 2.0% | ||
| Q4 24 | -1.2% | 2.7% | ||
| Q3 24 | 0.7% | 2.5% | ||
| Q2 24 | -24.2% | 2.9% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | -3.0% | 1.1% | ||
| Q3 25 | -3.8% | 1.4% | ||
| Q2 25 | -9.8% | 2.8% | ||
| Q1 25 | -12.0% | 1.5% | ||
| Q4 24 | -13.5% | 2.0% | ||
| Q3 24 | -2.5% | 1.9% | ||
| Q2 24 | -29.6% | 2.1% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | $-0.03 | $0.43 | ||
| Q3 25 | $-0.03 | $0.64 | ||
| Q2 25 | $-0.08 | $1.38 | ||
| Q1 25 | $-0.09 | $0.58 | ||
| Q4 24 | $-0.11 | $0.81 | ||
| Q3 24 | $-0.02 | $0.85 | ||
| Q2 24 | $-0.21 | $0.97 | ||
| Q1 24 | — | $0.31 |
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 | $204.9M |
| Total DebtLower is stronger | $237.8M | $16.6B |
| Stockholders' EquityBook value | $485.0M | $6.1B |
| Total Assets | $959.5M | $25.6B |
| Debt / EquityLower = less leverage | 0.49× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $204.9M | ||
| Q3 25 | $27.9M | $540.4M | ||
| Q2 25 | $31.2M | $262.8M | ||
| Q1 25 | $44.4M | $247.0M | ||
| Q4 24 | $33.6M | $271.9M | ||
| Q3 24 | $26.0M | $524.7M | ||
| Q2 24 | $30.2M | $218.9M | ||
| Q1 24 | — | $574.1M |
| Q4 25 | $237.8M | $16.6B | ||
| Q3 25 | $238.2M | $17.8B | ||
| Q2 25 | $239.0M | $18.0B | ||
| Q1 25 | $237.5M | $18.1B | ||
| Q4 24 | $238.5M | $18.1B | ||
| Q3 24 | $113.6M | $18.1B | ||
| Q2 24 | $113.7M | $18.2B | ||
| Q1 24 | — | $18.0B |
| Q4 25 | $485.0M | $6.1B | ||
| Q3 25 | $468.8M | $6.2B | ||
| Q2 25 | $460.7M | $6.3B | ||
| Q1 25 | $446.6M | $6.2B | ||
| Q4 24 | $458.4M | $6.2B | ||
| Q3 24 | $451.0M | $6.2B | ||
| Q2 24 | $390.4M | $6.2B | ||
| Q1 24 | — | $6.1B |
| Q4 25 | $959.5M | $25.6B | ||
| Q3 25 | $936.9M | $27.1B | ||
| Q2 25 | $930.8M | $27.4B | ||
| Q1 25 | $910.1M | $27.4B | ||
| Q4 24 | $908.7M | $27.3B | ||
| Q3 24 | $748.3M | $27.3B | ||
| Q2 24 | $684.9M | $27.2B | ||
| Q1 24 | — | $27.2B |
| Q4 25 | 0.49× | 2.74× | ||
| Q3 25 | 0.51× | 2.87× | ||
| Q2 25 | 0.52× | 2.86× | ||
| Q1 25 | 0.53× | 2.91× | ||
| Q4 24 | 0.52× | 2.92× | ||
| Q3 24 | 0.25× | 2.93× | ||
| Q2 24 | 0.29× | 2.95× | ||
| Q1 24 | — | 2.96× |
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 | $1.3B |
| Free Cash FlowOCF − Capex | $4.9M | $1.1B |
| FCF MarginFCF / Revenue | 4.4% | 19.2% |
| Capex IntensityCapex / Revenue | 4.6% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $1.3B | ||
| Q3 25 | $5.5M | $785.5M | ||
| Q2 25 | $4.7M | $299.5M | ||
| Q1 25 | $13.5M | $146.4M | ||
| Q4 24 | — | $-23.4M | ||
| Q3 24 | $-3.2M | $619.1M | ||
| Q2 24 | $-7.6M | $-117.7M | ||
| Q1 24 | — | $309.6M |
| Q4 25 | $4.9M | $1.1B | ||
| Q3 25 | $1.2M | $654.0M | ||
| Q2 25 | $-3.4M | $162.8M | ||
| Q1 25 | $10.1M | $18.8M | ||
| Q4 24 | — | $-150.6M | ||
| Q3 24 | $-8.0M | $509.9M | ||
| Q2 24 | $-13.2M | $-221.6M | ||
| Q1 24 | — | $199.8M |
| Q4 25 | 4.4% | 19.2% | ||
| Q3 25 | 1.1% | 9.9% | ||
| Q2 25 | -3.3% | 2.2% | ||
| Q1 25 | 9.8% | 0.3% | ||
| Q4 24 | — | -2.4% | ||
| Q3 24 | -10.4% | 7.3% | ||
| Q2 24 | -17.5% | -3.1% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | 4.6% | 2.4% | ||
| Q3 25 | 3.9% | 2.0% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 3.3% | 2.1% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 6.3% | 1.6% | ||
| Q2 24 | 7.4% | 1.5% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | 20.14× | ||
| Q3 25 | — | 8.24× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | -0.19× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | -0.77× | ||
| Q1 24 | — | 6.16× |
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% |
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
