vs

Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and Orthofix Medical Inc. (OFIX). Click either name above to swap in a different company.

Orthofix Medical Inc. is the larger business by last-quarter revenue ($219.9M vs $113.5M, roughly 1.9× Powerfleet, Inc.). Orthofix Medical Inc. runs the higher net margin — -1.0% vs -3.0%, a 2.0% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 2.0%). Orthofix Medical Inc. produced more free cash flow last quarter ($16.8M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 8.0%).

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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

AIOT vs OFIX — Head-to-Head

Bigger by revenue
OFIX
OFIX
1.9× larger
OFIX
$219.9M
$113.5M
AIOT
Growing faster (revenue YoY)
AIOT
AIOT
+4.7% gap
AIOT
6.6%
2.0%
OFIX
Higher net margin
OFIX
OFIX
2.0% more per $
OFIX
-1.0%
-3.0%
AIOT
More free cash flow
OFIX
OFIX
$11.9M more FCF
OFIX
$16.8M
$4.9M
AIOT
Faster 2-yr revenue CAGR
AIOT
AIOT
Annualised
AIOT
81.2%
8.0%
OFIX

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AIOT
AIOT
OFIX
OFIX
Revenue
$113.5M
$219.9M
Net Profit
$-3.4M
$-2.2M
Gross Margin
55.2%
71.1%
Operating Margin
5.6%
0.2%
Net Margin
-3.0%
-1.0%
Revenue YoY
6.6%
2.0%
Net Profit YoY
76.6%
92.4%
EPS (diluted)
$-0.03
$-0.05

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
OFIX
OFIX
Q4 25
$113.5M
$219.9M
Q3 25
$111.7M
$205.6M
Q2 25
$104.1M
$203.1M
Q1 25
$103.6M
$193.6M
Q4 24
$106.4M
$215.7M
Q3 24
$77.0M
$196.6M
Q2 24
$75.4M
$198.6M
Q1 24
$188.6M
Net Profit
AIOT
AIOT
OFIX
OFIX
Q4 25
$-3.4M
$-2.2M
Q3 25
$-4.3M
$-22.8M
Q2 25
$-10.2M
$-14.1M
Q1 25
$-12.4M
$-53.1M
Q4 24
$-14.3M
$-29.1M
Q3 24
$-1.9M
$-27.4M
Q2 24
$-22.3M
$-33.4M
Q1 24
$-36.0M
Gross Margin
AIOT
AIOT
OFIX
OFIX
Q4 25
55.2%
71.1%
Q3 25
56.0%
72.2%
Q2 25
54.2%
68.7%
Q1 25
52.8%
62.8%
Q4 24
55.2%
69.0%
Q3 24
53.7%
68.7%
Q2 24
52.6%
67.8%
Q1 24
67.5%
Operating Margin
AIOT
AIOT
OFIX
OFIX
Q4 25
5.6%
0.2%
Q3 25
3.8%
-8.3%
Q2 25
-2.0%
-7.9%
Q1 25
-6.7%
-25.2%
Q4 24
-1.2%
-5.3%
Q3 24
0.7%
-9.6%
Q2 24
-24.2%
-12.5%
Q1 24
-15.6%
Net Margin
AIOT
AIOT
OFIX
OFIX
Q4 25
-3.0%
-1.0%
Q3 25
-3.8%
-11.1%
Q2 25
-9.8%
-6.9%
Q1 25
-12.0%
-27.4%
Q4 24
-13.5%
-13.5%
Q3 24
-2.5%
-13.9%
Q2 24
-29.6%
-16.8%
Q1 24
-19.1%
EPS (diluted)
AIOT
AIOT
OFIX
OFIX
Q4 25
$-0.03
$-0.05
Q3 25
$-0.03
$-0.57
Q2 25
$-0.08
$-0.36
Q1 25
$-0.09
$-1.35
Q4 24
$-0.11
$-0.76
Q3 24
$-0.02
$-0.71
Q2 24
$-0.21
$-0.88
Q1 24
$-0.95

Balance Sheet & Financial Strength

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

Metric
AIOT
AIOT
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$31.2M
$82.0M
Total DebtLower is stronger
$237.8M
Stockholders' EquityBook value
$485.0M
$450.0M
Total Assets
$959.5M
$850.6M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIOT
AIOT
OFIX
OFIX
Q4 25
$31.2M
$82.0M
Q3 25
$27.9M
$62.9M
Q2 25
$31.2M
$65.6M
Q1 25
$44.4M
$58.0M
Q4 24
$33.6M
$83.2M
Q3 24
$26.0M
$30.1M
Q2 24
$30.2M
$26.4M
Q1 24
$27.0M
Total Debt
AIOT
AIOT
OFIX
OFIX
Q4 25
$237.8M
Q3 25
$238.2M
$157.2M
Q2 25
$239.0M
$157.0M
Q1 25
$237.5M
$156.9M
Q4 24
$238.5M
$157.0M
Q3 24
$113.6M
$118.5M
Q2 24
$113.7M
$118.0M
Q1 24
$118.2M
Stockholders' Equity
AIOT
AIOT
OFIX
OFIX
Q4 25
$485.0M
$450.0M
Q3 25
$468.8M
$442.5M
Q2 25
$460.7M
$458.3M
Q1 25
$446.6M
$458.3M
Q4 24
$458.4M
$503.1M
Q3 24
$451.0M
$525.9M
Q2 24
$390.4M
$546.0M
Q1 24
$570.3M
Total Assets
AIOT
AIOT
OFIX
OFIX
Q4 25
$959.5M
$850.6M
Q3 25
$936.9M
$832.6M
Q2 25
$930.8M
$837.2M
Q1 25
$910.1M
$823.1M
Q4 24
$908.7M
$893.3M
Q3 24
$748.3M
$867.9M
Q2 24
$684.9M
$882.0M
Q1 24
$906.0M
Debt / Equity
AIOT
AIOT
OFIX
OFIX
Q4 25
0.49×
Q3 25
0.51×
0.36×
Q2 25
0.52×
0.34×
Q1 25
0.53×
0.34×
Q4 24
0.52×
0.31×
Q3 24
0.25×
0.23×
Q2 24
0.29×
0.22×
Q1 24
0.21×

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
OFIX
OFIX
Operating Cash FlowLast quarter
$10.2M
$27.7M
Free Cash FlowOCF − Capex
$4.9M
$16.8M
FCF MarginFCF / Revenue
4.4%
7.6%
Capex IntensityCapex / Revenue
4.6%
4.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.9M
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIOT
AIOT
OFIX
OFIX
Q4 25
$10.2M
$27.7M
Q3 25
$5.5M
$12.4M
Q2 25
$4.7M
$11.6M
Q1 25
$13.5M
$-18.4M
Q4 24
$-6.1M
$23.7M
Q3 24
$-3.2M
$11.7M
Q2 24
$-7.6M
$9.0M
Q1 24
$-18.6M
Free Cash Flow
AIOT
AIOT
OFIX
OFIX
Q4 25
$4.9M
$16.8M
Q3 25
$1.2M
$2.5M
Q2 25
$-3.4M
$4.5M
Q1 25
$10.1M
$-25.1M
Q4 24
$-12.2M
$15.2M
Q3 24
$-8.0M
$6.3M
Q2 24
$-13.2M
$-360.0K
Q1 24
$-29.1M
FCF Margin
AIOT
AIOT
OFIX
OFIX
Q4 25
4.4%
7.6%
Q3 25
1.1%
1.2%
Q2 25
-3.3%
2.2%
Q1 25
9.8%
-13.0%
Q4 24
-11.5%
7.0%
Q3 24
-10.4%
3.2%
Q2 24
-17.5%
-0.2%
Q1 24
-15.4%
Capex Intensity
AIOT
AIOT
OFIX
OFIX
Q4 25
4.6%
4.9%
Q3 25
3.9%
4.8%
Q2 25
7.8%
3.5%
Q1 25
3.3%
3.5%
Q4 24
5.8%
4.0%
Q3 24
6.3%
2.7%
Q2 24
7.4%
4.7%
Q1 24
5.6%

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%

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

Related Comparisons