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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $113.5M, roughly 1.3× Powerfleet, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -3.0%, a 7.8% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 6.6%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 16.9%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
AIOT vs PMTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $153.1M |
| Net Profit | $-3.4M | $7.3M |
| Gross Margin | 55.2% | 31.5% |
| Operating Margin | 5.6% | 12.0% |
| Net Margin | -3.0% | 4.8% |
| Revenue YoY | 6.6% | 22.3% |
| Net Profit YoY | 76.6% | 8.5% |
| EPS (diluted) | $-0.03 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $111.7M | $138.0M | ||
| Q2 25 | $104.1M | $129.8M | ||
| Q1 25 | $103.6M | $122.8M | ||
| Q4 24 | $106.4M | $125.1M | ||
| Q3 24 | $77.0M | $124.8M | ||
| Q2 24 | $75.4M | $118.8M | ||
| Q1 24 | — | $111.9M |
| Q4 25 | $-3.4M | $7.3M | ||
| Q3 25 | $-4.3M | $2.3M | ||
| Q2 25 | $-10.2M | $518.0K | ||
| Q1 25 | $-12.4M | $4.8M | ||
| Q4 24 | $-14.3M | $6.8M | ||
| Q3 24 | $-1.9M | $1.3M | ||
| Q2 24 | $-22.3M | $6.0M | ||
| Q1 24 | — | $5.5M |
| Q4 25 | 55.2% | 31.5% | ||
| Q3 25 | 56.0% | 29.7% | ||
| Q2 25 | 54.2% | 30.9% | ||
| Q1 25 | 52.8% | 33.2% | ||
| Q4 24 | 55.2% | 34.1% | ||
| Q3 24 | 53.7% | 35.8% | ||
| Q2 24 | 52.6% | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 5.6% | 12.0% | ||
| Q3 25 | 3.8% | 9.4% | ||
| Q2 25 | -2.0% | 7.3% | ||
| Q1 25 | -6.7% | 11.5% | ||
| Q4 24 | -1.2% | 12.7% | ||
| Q3 24 | 0.7% | 14.3% | ||
| Q2 24 | -24.2% | 12.5% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | -3.0% | 4.8% | ||
| Q3 25 | -3.8% | 1.7% | ||
| Q2 25 | -9.8% | 0.4% | ||
| Q1 25 | -12.0% | 3.9% | ||
| Q4 24 | -13.5% | 5.4% | ||
| Q3 24 | -2.5% | 1.0% | ||
| Q2 24 | -29.6% | 5.1% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | $-0.03 | $0.62 | ||
| Q3 25 | $-0.03 | $0.19 | ||
| Q2 25 | $-0.08 | $0.04 | ||
| Q1 25 | $-0.09 | $0.40 | ||
| Q4 24 | $-0.11 | $0.56 | ||
| Q3 24 | $-0.02 | $0.11 | ||
| Q2 24 | $-0.21 | $0.51 | ||
| Q1 24 | — | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $237.8M | $286.7M |
| Stockholders' EquityBook value | $485.0M | $-17.3M |
| Total Assets | $959.5M | $403.2M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $21.7M | ||
| Q3 25 | $27.9M | $16.0M | ||
| Q2 25 | $31.2M | $17.1M | ||
| Q1 25 | $44.4M | $31.5M | ||
| Q4 24 | $33.6M | $33.5M | ||
| Q3 24 | $26.0M | $14.7M | ||
| Q2 24 | $30.2M | $7.5M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | $237.8M | $286.7M | ||
| Q3 25 | $238.2M | $308.4M | ||
| Q2 25 | $239.0M | $310.9M | ||
| Q1 25 | $237.5M | $280.7M | ||
| Q4 24 | $238.5M | $280.4M | ||
| Q3 24 | $113.6M | $280.2M | ||
| Q2 24 | $113.7M | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $485.0M | $-17.3M | ||
| Q3 25 | $468.8M | $-25.7M | ||
| Q2 25 | $460.7M | $-29.0M | ||
| Q1 25 | $446.6M | $-29.7M | ||
| Q4 24 | $458.4M | $-35.6M | ||
| Q3 24 | $451.0M | $-42.8M | ||
| Q2 24 | $390.4M | $-44.6M | ||
| Q1 24 | — | $-48.5M |
| Q4 25 | $959.5M | $403.2M | ||
| Q3 25 | $936.9M | $407.1M | ||
| Q2 25 | $930.8M | $399.8M | ||
| Q1 25 | $910.1M | $351.9M | ||
| Q4 24 | $908.7M | $349.7M | ||
| Q3 24 | $748.3M | $342.3M | ||
| Q2 24 | $684.9M | $321.4M | ||
| Q1 24 | — | $319.8M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $10.2M | $39.6M |
| Free Cash FlowOCF − Capex | $4.9M | $35.2M |
| FCF MarginFCF / Revenue | 4.4% | 23.0% |
| Capex IntensityCapex / Revenue | 4.6% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $39.6M | ||
| Q3 25 | $5.5M | $10.0M | ||
| Q2 25 | $4.7M | $4.3M | ||
| Q1 25 | $13.5M | $5.6M | ||
| Q4 24 | $-6.1M | $26.7M | ||
| Q3 24 | $-3.2M | $12.5M | ||
| Q2 24 | $-7.6M | $-4.8M | ||
| Q1 24 | — | $8.9M |
| Q4 25 | $4.9M | $35.2M | ||
| Q3 25 | $1.2M | $5.3M | ||
| Q2 25 | $-3.4M | $533.0K | ||
| Q1 25 | $10.1M | $292.0K | ||
| Q4 24 | $-12.2M | $21.6M | ||
| Q3 24 | $-8.0M | $11.1M | ||
| Q2 24 | $-13.2M | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | 4.4% | 23.0% | ||
| Q3 25 | 1.1% | 3.8% | ||
| Q2 25 | -3.3% | 0.4% | ||
| Q1 25 | 9.8% | 0.2% | ||
| Q4 24 | -11.5% | 17.3% | ||
| Q3 24 | -10.4% | 8.9% | ||
| Q2 24 | -17.5% | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | 4.6% | 2.9% | ||
| Q3 25 | 3.9% | 3.4% | ||
| Q2 25 | 7.8% | 2.9% | ||
| Q1 25 | 3.3% | 4.3% | ||
| Q4 24 | 5.8% | 4.0% | ||
| Q3 24 | 6.3% | 1.2% | ||
| Q2 24 | 7.4% | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
