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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $113.5M, roughly 1.2× Powerfleet, Inc.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -20.7%, a 17.7% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -15.1%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-25.0M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -12.0%).
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.
AIOT vs PAMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $141.3M |
| Net Profit | $-3.4M | $-29.3M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | -27.0% |
| Net Margin | -3.0% | -20.7% |
| Revenue YoY | 6.6% | -15.1% |
| Net Profit YoY | 76.6% | 7.4% |
| EPS (diluted) | $-0.03 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $111.7M | $150.3M | ||
| Q2 25 | $104.1M | $151.1M | ||
| Q1 25 | $103.6M | $155.3M | ||
| Q4 24 | $106.4M | $166.5M | ||
| Q3 24 | $77.0M | $182.6M | ||
| Q2 24 | $75.4M | $182.9M | ||
| Q1 24 | — | $182.6M |
| Q4 25 | $-3.4M | $-29.3M | ||
| Q3 25 | $-4.3M | $-5.6M | ||
| Q2 25 | $-10.2M | $-9.6M | ||
| Q1 25 | $-12.4M | $-8.1M | ||
| Q4 24 | $-14.3M | $-31.6M | ||
| Q3 24 | $-1.9M | $2.4M | ||
| Q2 24 | $-22.3M | $-2.9M | ||
| Q1 24 | — | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | 3.8% | -3.8% | ||
| Q2 25 | -2.0% | -7.3% | ||
| Q1 25 | -6.7% | -5.9% | ||
| Q4 24 | -1.2% | -22.6% | ||
| Q3 24 | 0.7% | 1.3% | ||
| Q2 24 | -24.2% | -0.4% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | -3.0% | -20.7% | ||
| Q3 25 | -3.8% | -3.7% | ||
| Q2 25 | -9.8% | -6.4% | ||
| Q1 25 | -12.0% | -5.2% | ||
| Q4 24 | -13.5% | -19.0% | ||
| Q3 24 | -2.5% | 1.3% | ||
| Q2 24 | -29.6% | -1.6% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | $-0.03 | $-1.38 | ||
| Q3 25 | $-0.03 | $-0.27 | ||
| Q2 25 | $-0.08 | $-0.46 | ||
| Q1 25 | $-0.09 | $-0.37 | ||
| Q4 24 | $-0.11 | $-1.44 | ||
| Q3 24 | $-0.02 | $0.11 | ||
| Q2 24 | $-0.21 | $-0.13 | ||
| Q1 24 | — | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $237.8M | $333.9M |
| Stockholders' EquityBook value | $485.0M | $210.5M |
| Total Assets | $959.5M | $697.9M |
| Debt / EquityLower = less leverage | 0.49× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $83.7M | ||
| Q3 25 | $27.9M | $115.6M | ||
| Q2 25 | $31.2M | $117.3M | ||
| Q1 25 | $44.4M | $102.7M | ||
| Q4 24 | $33.6M | $110.7M | ||
| Q3 24 | $26.0M | $92.3M | ||
| Q2 24 | $30.2M | $114.0M | ||
| Q1 24 | — | $125.8M |
| Q4 25 | $237.8M | $333.9M | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | $325.6M | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $210.5M | ||
| Q3 25 | $468.8M | $239.5M | ||
| Q2 25 | $460.7M | $244.9M | ||
| Q1 25 | $446.6M | $269.6M | ||
| Q4 24 | $458.4M | $277.5M | ||
| Q3 24 | $451.0M | $308.9M | ||
| Q2 24 | $390.4M | $306.7M | ||
| Q1 24 | — | $314.6M |
| Q4 25 | $959.5M | $697.9M | ||
| Q3 25 | $936.9M | $715.2M | ||
| Q2 25 | $930.8M | $707.9M | ||
| Q1 25 | $910.1M | $712.6M | ||
| Q4 24 | $908.7M | $741.7M | ||
| Q3 24 | $748.3M | $756.7M | ||
| Q2 24 | $684.9M | $733.5M | ||
| Q1 24 | — | $746.4M |
| Q4 25 | 0.49× | 1.59× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.52× | 1.17× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.2M | $-5.8M |
| Free Cash FlowOCF − Capex | $4.9M | $-25.0M |
| FCF MarginFCF / Revenue | 4.4% | -17.7% |
| Capex IntensityCapex / Revenue | 4.6% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $-5.8M | ||
| Q3 25 | $5.5M | $5.9M | ||
| Q2 25 | $4.7M | $12.2M | ||
| Q1 25 | $13.5M | $5.0M | ||
| Q4 24 | $-6.1M | $15.2M | ||
| Q3 24 | $-3.2M | $15.5M | ||
| Q2 24 | $-7.6M | $18.7M | ||
| Q1 24 | — | $9.6M |
| Q4 25 | $4.9M | $-25.0M | ||
| Q3 25 | $1.2M | $2.5M | ||
| Q2 25 | $-3.4M | $5.9M | ||
| Q1 25 | $10.1M | $-6.8M | ||
| Q4 24 | $-12.2M | $-39.9M | ||
| Q3 24 | $-8.0M | $-33.6M | ||
| Q2 24 | $-13.2M | $4.1M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | 4.4% | -17.7% | ||
| Q3 25 | 1.1% | 1.7% | ||
| Q2 25 | -3.3% | 3.9% | ||
| Q1 25 | 9.8% | -4.4% | ||
| Q4 24 | -11.5% | -24.0% | ||
| Q3 24 | -10.4% | -18.4% | ||
| Q2 24 | -17.5% | 2.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 4.6% | 13.6% | ||
| Q3 25 | 3.9% | 2.3% | ||
| Q2 25 | 7.8% | 4.2% | ||
| Q1 25 | 3.3% | 7.6% | ||
| Q4 24 | 5.8% | 33.1% | ||
| Q3 24 | 6.3% | 26.9% | ||
| Q2 24 | 7.4% | 8.0% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
