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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and LandBridge Co LLC (LB). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $56.8M, roughly 2.0× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -3.0%, a 17.2% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 6.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 72.8%).
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.
AIOT vs LB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $56.8M |
| Net Profit | $-3.4M | $8.1M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | 60.0% |
| Net Margin | -3.0% | 14.2% |
| Revenue YoY | 6.6% | 55.6% |
| Net Profit YoY | 76.6% | -83.7% |
| EPS (diluted) | $-0.03 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $111.7M | $50.8M | ||
| Q2 25 | $104.1M | $47.5M | ||
| Q1 25 | $103.6M | $44.0M | ||
| Q4 24 | $106.4M | $36.5M | ||
| Q3 24 | $77.0M | $28.5M | ||
| Q2 24 | $75.4M | $26.0M | ||
| Q1 24 | — | $19.0M |
| Q4 25 | $-3.4M | $8.1M | ||
| Q3 25 | $-4.3M | $8.1M | ||
| Q2 25 | $-10.2M | $7.5M | ||
| Q1 25 | $-12.4M | $6.5M | ||
| Q4 24 | $-14.3M | $49.3M | ||
| Q3 24 | $-1.9M | $2.7M | ||
| Q2 24 | $-22.3M | $-57.7M | ||
| Q1 24 | — | $10.8M |
| 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% | 60.0% | ||
| Q3 25 | 3.8% | 60.8% | ||
| Q2 25 | -2.0% | 60.0% | ||
| Q1 25 | -6.7% | 57.0% | ||
| Q4 24 | -1.2% | 49.4% | ||
| Q3 24 | 0.7% | 11.2% | ||
| Q2 24 | -24.2% | -197.4% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | -3.0% | 14.2% | ||
| Q3 25 | -3.8% | 15.9% | ||
| Q2 25 | -9.8% | 15.8% | ||
| Q1 25 | -12.0% | 14.7% | ||
| Q4 24 | -13.5% | 135.2% | ||
| Q3 24 | -2.5% | 9.3% | ||
| Q2 24 | -29.6% | -222.1% | ||
| Q1 24 | — | 56.7% |
| Q4 25 | $-0.03 | $0.24 | ||
| Q3 25 | $-0.03 | $0.26 | ||
| Q2 25 | $-0.08 | $0.24 | ||
| Q1 25 | $-0.09 | $0.20 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.02 | $-0.04 | ||
| Q2 24 | $-0.21 | — | ||
| Q1 24 | — | — |
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 | $30.7M |
| Total DebtLower is stronger | $237.8M | $570.7M |
| Stockholders' EquityBook value | $485.0M | $340.3M |
| Total Assets | $959.5M | $1.4B |
| Debt / EquityLower = less leverage | 0.49× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $30.7M | ||
| Q3 25 | $27.9M | $28.3M | ||
| Q2 25 | $31.2M | $20.3M | ||
| Q1 25 | $44.4M | $14.9M | ||
| Q4 24 | $33.6M | $37.0M | ||
| Q3 24 | $26.0M | $14.4M | ||
| Q2 24 | $30.2M | $24.6M | ||
| Q1 24 | — | — |
| Q4 25 | $237.8M | $570.7M | ||
| Q3 25 | $238.2M | $366.1M | ||
| Q2 25 | $239.0M | $370.9M | ||
| Q1 25 | $237.5M | $375.5M | ||
| Q4 24 | $238.5M | $385.5M | ||
| Q3 24 | $113.6M | $242.4M | ||
| Q2 24 | $113.7M | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $340.3M | ||
| Q3 25 | $468.8M | $272.0M | ||
| Q2 25 | $460.7M | $266.4M | ||
| Q1 25 | $446.6M | $217.0M | ||
| Q4 24 | $458.4M | $211.8M | ||
| Q3 24 | $451.0M | $97.2M | ||
| Q2 24 | $390.4M | $296.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $959.5M | $1.4B | ||
| Q3 25 | $936.9M | $1.1B | ||
| Q2 25 | $930.8M | $1.1B | ||
| Q1 25 | $910.1M | $1.0B | ||
| Q4 24 | $908.7M | $1.0B | ||
| Q3 24 | $748.3M | $689.9M | ||
| Q2 24 | $684.9M | $710.5M | ||
| Q1 24 | — | — |
| Q4 25 | 0.49× | 1.68× | ||
| Q3 25 | 0.51× | 1.35× | ||
| Q2 25 | 0.52× | 1.39× | ||
| Q1 25 | 0.53× | 1.73× | ||
| Q4 24 | 0.52× | 1.82× | ||
| Q3 24 | 0.25× | 2.49× | ||
| Q2 24 | 0.29× | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | $4.9M | $122.0M |
| FCF MarginFCF / Revenue | 4.4% | 214.9% |
| Capex IntensityCapex / Revenue | 4.6% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $126.3M | ||
| Q3 25 | $5.5M | $34.9M | ||
| Q2 25 | $4.7M | $37.3M | ||
| Q1 25 | $13.5M | $15.9M | ||
| Q4 24 | $-6.1M | $67.6M | ||
| Q3 24 | $-3.2M | $7.5M | ||
| Q2 24 | $-7.6M | $16.0M | ||
| Q1 24 | — | $17.2M |
| Q4 25 | $4.9M | $122.0M | ||
| Q3 25 | $1.2M | $33.7M | ||
| Q2 25 | $-3.4M | $36.1M | ||
| Q1 25 | $10.1M | $15.8M | ||
| Q4 24 | $-12.2M | $66.7M | ||
| Q3 24 | $-8.0M | $7.1M | ||
| Q2 24 | $-13.2M | $15.7M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | 4.4% | 214.9% | ||
| Q3 25 | 1.1% | 66.3% | ||
| Q2 25 | -3.3% | 75.9% | ||
| Q1 25 | 9.8% | 36.0% | ||
| Q4 24 | -11.5% | 182.6% | ||
| Q3 24 | -10.4% | 25.1% | ||
| Q2 24 | -17.5% | 60.4% | ||
| Q1 24 | — | 90.1% |
| Q4 25 | 4.6% | 7.5% | ||
| Q3 25 | 3.9% | 2.3% | ||
| Q2 25 | 7.8% | 2.6% | ||
| Q1 25 | 3.3% | 0.2% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 6.3% | 1.1% | ||
| Q2 24 | 7.4% | 1.4% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | — | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.60× |
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% |
LB
Segment breakdown not available.
