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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $113.5M, roughly 1.6× Powerfleet, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -3.0%, a 9.5% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 6.6%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 25.3%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
AIOT vs LMB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $186.9M |
| Net Profit | $-3.4M | $12.3M |
| Gross Margin | 55.2% | 25.7% |
| Operating Margin | 5.6% | 9.4% |
| Net Margin | -3.0% | 6.6% |
| Revenue YoY | 6.6% | 30.1% |
| Net Profit YoY | 76.6% | 25.0% |
| EPS (diluted) | $-0.03 | $1.01 |
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 | $186.9M | ||
| Q3 25 | $111.7M | $184.6M | ||
| Q2 25 | $104.1M | $142.2M | ||
| Q1 25 | $103.6M | $133.1M | ||
| Q4 24 | $106.4M | $143.7M | ||
| Q3 24 | $77.0M | $133.9M | ||
| Q2 24 | $75.4M | $122.2M | ||
| Q1 24 | — | $119.0M |
| Q4 25 | $-3.4M | $12.3M | ||
| Q3 25 | $-4.3M | $8.8M | ||
| Q2 25 | $-10.2M | $7.8M | ||
| Q1 25 | $-12.4M | $10.2M | ||
| Q4 24 | $-14.3M | $9.8M | ||
| Q3 24 | $-1.9M | $7.5M | ||
| Q2 24 | $-22.3M | $6.0M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | 55.2% | 25.7% | ||
| Q3 25 | 56.0% | 24.2% | ||
| Q2 25 | 54.2% | 28.0% | ||
| Q1 25 | 52.8% | 27.6% | ||
| Q4 24 | 55.2% | 30.3% | ||
| Q3 24 | 53.7% | 27.0% | ||
| Q2 24 | 52.6% | 27.4% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 5.6% | 9.4% | ||
| Q3 25 | 3.8% | 7.2% | ||
| Q2 25 | -2.0% | 7.5% | ||
| Q1 25 | -6.7% | 5.9% | ||
| Q4 24 | -1.2% | 9.1% | ||
| Q3 24 | 0.7% | 8.1% | ||
| Q2 24 | -24.2% | 6.7% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | -3.0% | 6.6% | ||
| Q3 25 | -3.8% | 4.8% | ||
| Q2 25 | -9.8% | 5.5% | ||
| Q1 25 | -12.0% | 7.7% | ||
| Q4 24 | -13.5% | 6.9% | ||
| Q3 24 | -2.5% | 5.6% | ||
| Q2 24 | -29.6% | 4.9% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | $-0.03 | $1.01 | ||
| Q3 25 | $-0.03 | $0.73 | ||
| Q2 25 | $-0.08 | $0.64 | ||
| Q1 25 | $-0.09 | $0.85 | ||
| Q4 24 | $-0.11 | $0.81 | ||
| Q3 24 | $-0.02 | $0.62 | ||
| Q2 24 | $-0.21 | $0.50 | ||
| Q1 24 | — | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | $237.8M | $30.5M |
| Stockholders' EquityBook value | $485.0M | $195.7M |
| Total Assets | $959.5M | $381.1M |
| Debt / EquityLower = less leverage | 0.49× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $11.3M | ||
| Q3 25 | $27.9M | $9.8M | ||
| Q2 25 | $31.2M | $38.9M | ||
| Q1 25 | $44.4M | $38.1M | ||
| Q4 24 | $33.6M | $44.9M | ||
| Q3 24 | $26.0M | $51.2M | ||
| Q2 24 | $30.2M | $59.5M | ||
| Q1 24 | — | $48.2M |
| Q4 25 | $237.8M | $30.5M | ||
| Q3 25 | $238.2M | $56.3M | ||
| Q2 25 | $239.0M | $28.4M | ||
| Q1 25 | $237.5M | $23.7M | ||
| Q4 24 | $238.5M | $23.6M | ||
| Q3 24 | $113.6M | $20.5M | ||
| Q2 24 | $113.7M | $19.7M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | $485.0M | $195.7M | ||
| Q3 25 | $468.8M | $181.6M | ||
| Q2 25 | $460.7M | $170.5M | ||
| Q1 25 | $446.6M | $161.1M | ||
| Q4 24 | $458.4M | $153.5M | ||
| Q3 24 | $451.0M | $142.2M | ||
| Q2 24 | $390.4M | $133.0M | ||
| Q1 24 | — | $125.5M |
| Q4 25 | $959.5M | $381.1M | ||
| Q3 25 | $936.9M | $409.1M | ||
| Q2 25 | $930.8M | $343.0M | ||
| Q1 25 | $910.1M | $336.4M | ||
| Q4 24 | $908.7M | $352.1M | ||
| Q3 24 | $748.3M | $324.4M | ||
| Q2 24 | $684.9M | $303.9M | ||
| Q1 24 | — | $289.2M |
| Q4 25 | 0.49× | 0.16× | ||
| Q3 25 | 0.51× | 0.31× | ||
| Q2 25 | 0.52× | 0.17× | ||
| Q1 25 | 0.53× | 0.15× | ||
| Q4 24 | 0.52× | 0.15× | ||
| Q3 24 | 0.25× | 0.14× | ||
| Q2 24 | 0.29× | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $4.9M | $27.9M |
| FCF MarginFCF / Revenue | 4.4% | 14.9% |
| Capex IntensityCapex / Revenue | 4.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $28.1M | ||
| Q3 25 | $5.5M | $13.3M | ||
| Q2 25 | $4.7M | $2.0M | ||
| Q1 25 | $13.5M | $2.2M | ||
| Q4 24 | $-6.1M | $19.3M | ||
| Q3 24 | $-3.2M | $4.9M | ||
| Q2 24 | $-7.6M | $16.5M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | $4.9M | $27.9M | ||
| Q3 25 | $1.2M | $12.8M | ||
| Q2 25 | $-3.4M | $1.2M | ||
| Q1 25 | $10.1M | $11.0K | ||
| Q4 24 | $-12.2M | $18.0M | ||
| Q3 24 | $-8.0M | $4.6M | ||
| Q2 24 | $-13.2M | $13.2M | ||
| Q1 24 | — | $-6.5M |
| Q4 25 | 4.4% | 14.9% | ||
| Q3 25 | 1.1% | 7.0% | ||
| Q2 25 | -3.3% | 0.8% | ||
| Q1 25 | 9.8% | 0.0% | ||
| Q4 24 | -11.5% | 12.5% | ||
| Q3 24 | -10.4% | 3.4% | ||
| Q2 24 | -17.5% | 10.8% | ||
| Q1 24 | — | -5.5% |
| Q4 25 | 4.6% | 0.1% | ||
| Q3 25 | 3.9% | 0.3% | ||
| Q2 25 | 7.8% | 0.6% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 5.8% | 0.9% | ||
| Q3 24 | 6.3% | 0.3% | ||
| Q2 24 | 7.4% | 2.7% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× | ||
| Q1 24 | — | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
