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

Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $62.0M, roughly 1.8× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -3.0%, a 34.3% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 6.6%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 21.1%).

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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

AIOT vs MPB — Head-to-Head

Bigger by revenue
AIOT
AIOT
1.8× larger
AIOT
$113.5M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+24.1% gap
MPB
30.8%
6.6%
AIOT
Higher net margin
MPB
MPB
34.3% more per $
MPB
31.4%
-3.0%
AIOT
More free cash flow
MPB
MPB
$66.9M more FCF
MPB
$71.8M
$4.9M
AIOT
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
21.1%
MPB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIOT
AIOT
MPB
MPB
Revenue
$113.5M
$62.0M
Net Profit
$-3.4M
$19.4M
Gross Margin
55.2%
Operating Margin
5.6%
43.6%
Net Margin
-3.0%
31.4%
Revenue YoY
6.6%
30.8%
Net Profit YoY
76.6%
47.0%
EPS (diluted)
$-0.03
$0.83

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
MPB
MPB
Q4 25
$113.5M
$62.0M
Q3 25
$111.7M
$61.8M
Q2 25
$104.1M
$54.3M
Q1 25
$103.6M
$47.7M
Q4 24
$106.4M
$47.4M
Q3 24
$77.0M
$45.3M
Q2 24
$75.4M
$44.1M
Q1 24
$42.3M
Net Profit
AIOT
AIOT
MPB
MPB
Q4 25
$-3.4M
$19.4M
Q3 25
$-4.3M
$18.3M
Q2 25
$-10.2M
$4.8M
Q1 25
$-12.4M
$13.7M
Q4 24
$-14.3M
$13.2M
Q3 24
$-1.9M
$12.3M
Q2 24
$-22.3M
$11.8M
Q1 24
$12.1M
Gross Margin
AIOT
AIOT
MPB
MPB
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
MPB
MPB
Q4 25
5.6%
43.6%
Q3 25
3.8%
39.3%
Q2 25
-2.0%
7.9%
Q1 25
-6.7%
35.2%
Q4 24
-1.2%
34.1%
Q3 24
0.7%
32.8%
Q2 24
-24.2%
32.4%
Q1 24
34.8%
Net Margin
AIOT
AIOT
MPB
MPB
Q4 25
-3.0%
31.4%
Q3 25
-3.8%
29.6%
Q2 25
-9.8%
8.8%
Q1 25
-12.0%
28.8%
Q4 24
-13.5%
27.9%
Q3 24
-2.5%
27.1%
Q2 24
-29.6%
26.7%
Q1 24
28.7%
EPS (diluted)
AIOT
AIOT
MPB
MPB
Q4 25
$-0.03
$0.83
Q3 25
$-0.03
$0.79
Q2 25
$-0.08
$0.22
Q1 25
$-0.09
$0.71
Q4 24
$-0.11
$0.72
Q3 24
$-0.02
$0.74
Q2 24
$-0.21
$0.71
Q1 24
$0.73

Balance Sheet & Financial Strength

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

Metric
AIOT
AIOT
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$31.2M
Total DebtLower is stronger
$237.8M
Stockholders' EquityBook value
$485.0M
$814.1M
Total Assets
$959.5M
$6.1B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
MPB
MPB
Q4 25
$31.2M
Q3 25
$27.9M
Q2 25
$31.2M
Q1 25
$44.4M
Q4 24
$33.6M
Q3 24
$26.0M
Q2 24
$30.2M
Q1 24
Total Debt
AIOT
AIOT
MPB
MPB
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
MPB
MPB
Q4 25
$485.0M
$814.1M
Q3 25
$468.8M
$796.3M
Q2 25
$460.7M
$775.7M
Q1 25
$446.6M
$667.9M
Q4 24
$458.4M
$655.0M
Q3 24
$451.0M
$573.1M
Q2 24
$390.4M
$559.7M
Q1 24
$551.0M
Total Assets
AIOT
AIOT
MPB
MPB
Q4 25
$959.5M
$6.1B
Q3 25
$936.9M
$6.3B
Q2 25
$930.8M
$6.4B
Q1 25
$910.1M
$5.5B
Q4 24
$908.7M
$5.5B
Q3 24
$748.3M
$5.5B
Q2 24
$684.9M
$5.4B
Q1 24
$5.3B
Debt / Equity
AIOT
AIOT
MPB
MPB
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
MPB
MPB
Operating Cash FlowLast quarter
$10.2M
$80.0M
Free Cash FlowOCF − Capex
$4.9M
$71.8M
FCF MarginFCF / Revenue
4.4%
115.8%
Capex IntensityCapex / Revenue
4.6%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$12.9M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIOT
AIOT
MPB
MPB
Q4 25
$10.2M
$80.0M
Q3 25
$5.5M
$26.3M
Q2 25
$4.7M
$29.0M
Q1 25
$13.5M
$11.5M
Q4 24
$-6.1M
$51.4M
Q3 24
$-3.2M
$16.9M
Q2 24
$-7.6M
$18.0M
Q1 24
$12.4M
Free Cash Flow
AIOT
AIOT
MPB
MPB
Q4 25
$4.9M
$71.8M
Q3 25
$1.2M
$24.3M
Q2 25
$-3.4M
$27.2M
Q1 25
$10.1M
$8.8M
Q4 24
$-12.2M
$44.5M
Q3 24
$-8.0M
$16.8M
Q2 24
$-13.2M
$17.7M
Q1 24
$12.1M
FCF Margin
AIOT
AIOT
MPB
MPB
Q4 25
4.4%
115.8%
Q3 25
1.1%
39.4%
Q2 25
-3.3%
50.1%
Q1 25
9.8%
18.4%
Q4 24
-11.5%
93.8%
Q3 24
-10.4%
37.1%
Q2 24
-17.5%
40.2%
Q1 24
28.5%
Capex Intensity
AIOT
AIOT
MPB
MPB
Q4 25
4.6%
13.3%
Q3 25
3.9%
3.1%
Q2 25
7.8%
3.2%
Q1 25
3.3%
5.7%
Q4 24
5.8%
14.6%
Q3 24
6.3%
0.0%
Q2 24
7.4%
0.7%
Q1 24
0.8%
Cash Conversion
AIOT
AIOT
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

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%

MPB
MPB

Segment breakdown not available.

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