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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $62.8M, roughly 1.8× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -3.0%, a 17.0% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -4.3%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 9.5%).

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.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

AIOT vs NC — Head-to-Head

Bigger by revenue
AIOT
AIOT
1.8× larger
AIOT
$113.5M
$62.8M
NC
Growing faster (revenue YoY)
AIOT
AIOT
+10.9% gap
AIOT
6.6%
-4.3%
NC
Higher net margin
NC
NC
17.0% more per $
NC
14.1%
-3.0%
AIOT
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
9.5%
NC

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AIOT
AIOT
NC
NC
Revenue
$113.5M
$62.8M
Net Profit
$-3.4M
$8.8M
Gross Margin
55.2%
22.8%
Operating Margin
5.6%
17.5%
Net Margin
-3.0%
14.1%
Revenue YoY
6.6%
-4.3%
Net Profit YoY
76.6%
80.0%
EPS (diluted)
$-0.03
$1.17

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
NC
NC
Q1 26
$62.8M
Q4 25
$113.5M
$66.8M
Q3 25
$111.7M
$76.6M
Q2 25
$104.1M
$68.2M
Q1 25
$103.6M
$65.6M
Q4 24
$106.4M
$70.4M
Q3 24
$77.0M
$61.7M
Q2 24
$75.4M
$52.3M
Net Profit
AIOT
AIOT
NC
NC
Q1 26
$8.8M
Q4 25
$-3.4M
$-3.8M
Q3 25
$-4.3M
$13.3M
Q2 25
$-10.2M
$3.3M
Q1 25
$-12.4M
$4.9M
Q4 24
$-14.3M
$7.6M
Q3 24
$-1.9M
$15.6M
Q2 24
$-22.3M
$6.0M
Gross Margin
AIOT
AIOT
NC
NC
Q1 26
22.8%
Q4 25
55.2%
18.0%
Q3 25
56.0%
13.0%
Q2 25
54.2%
10.0%
Q1 25
52.8%
14.7%
Q4 24
55.2%
12.0%
Q3 24
53.7%
11.7%
Q2 24
52.6%
13.4%
Operating Margin
AIOT
AIOT
NC
NC
Q1 26
17.5%
Q4 25
5.6%
11.3%
Q3 25
3.8%
8.8%
Q2 25
-2.0%
-0.1%
Q1 25
-6.7%
11.7%
Q4 24
-1.2%
5.5%
Q3 24
0.7%
31.9%
Q2 24
-24.2%
14.1%
Net Margin
AIOT
AIOT
NC
NC
Q1 26
14.1%
Q4 25
-3.0%
-5.8%
Q3 25
-3.8%
17.3%
Q2 25
-9.8%
4.8%
Q1 25
-12.0%
7.5%
Q4 24
-13.5%
10.7%
Q3 24
-2.5%
25.4%
Q2 24
-29.6%
11.4%
EPS (diluted)
AIOT
AIOT
NC
NC
Q1 26
$1.17
Q4 25
$-0.03
$-0.53
Q3 25
$-0.03
$1.78
Q2 25
$-0.08
$0.44
Q1 25
$-0.09
$0.66
Q4 24
$-0.11
$0.99
Q3 24
$-0.02
$2.14
Q2 24
$-0.21
$0.81

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$31.2M
$49.7M
Q3 25
$27.9M
$52.7M
Q2 25
$31.2M
$49.4M
Q1 25
$44.4M
$61.9M
Q4 24
$33.6M
$72.8M
Q3 24
$26.0M
$63.1M
Q2 24
$30.2M
$62.4M
Total Debt
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$237.8M
$100.8M
Q3 25
$238.2M
Q2 25
$239.0M
Q1 25
$237.5M
Q4 24
$238.5M
$99.4M
Q3 24
$113.6M
Q2 24
$113.7M
$29.0M
Stockholders' Equity
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$485.0M
$429.2M
Q3 25
$468.8M
$426.4M
Q2 25
$460.7M
$413.1M
Q1 25
$446.6M
$409.1M
Q4 24
$458.4M
$404.9M
Q3 24
$451.0M
$397.3M
Q2 24
$390.4M
$384.1M
Total Assets
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$959.5M
$661.2M
Q3 25
$936.9M
$637.6M
Q2 25
$930.8M
$631.3M
Q1 25
$910.1M
$634.2M
Q4 24
$908.7M
$631.7M
Q3 24
$748.3M
$597.4M
Q2 24
$684.9M
$560.1M
Debt / Equity
AIOT
AIOT
NC
NC
Q1 26
Q4 25
0.49×
0.23×
Q3 25
0.51×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.52×
0.25×
Q3 24
0.25×
Q2 24
0.29×
0.08×

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
NC
NC
Operating Cash FlowLast quarter
$10.2M
Free Cash FlowOCF − Capex
$4.9M
FCF MarginFCF / Revenue
4.4%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$10.2M
$11.4M
Q3 25
$5.5M
$42.3M
Q2 25
$4.7M
$-7.8M
Q1 25
$13.5M
$5.0M
Q4 24
$-6.1M
$25.2M
Q3 24
$-3.2M
$2.8M
Q2 24
$-7.6M
$4.1M
Free Cash Flow
AIOT
AIOT
NC
NC
Q1 26
Q4 25
$4.9M
Q3 25
$1.2M
Q2 25
$-3.4M
Q1 25
$10.1M
Q4 24
$-12.2M
Q3 24
$-8.0M
Q2 24
$-13.2M
FCF Margin
AIOT
AIOT
NC
NC
Q1 26
Q4 25
4.4%
Q3 25
1.1%
Q2 25
-3.3%
Q1 25
9.8%
Q4 24
-11.5%
Q3 24
-10.4%
Q2 24
-17.5%
Capex Intensity
AIOT
AIOT
NC
NC
Q1 26
Q4 25
4.6%
Q3 25
3.9%
Q2 25
7.8%
Q1 25
3.3%
Q4 24
5.8%
Q3 24
6.3%
Q2 24
7.4%
Cash Conversion
AIOT
AIOT
NC
NC
Q1 26
Q4 25
Q3 25
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×

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%

NC
NC

Segment breakdown not available.

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