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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and Safehold Inc. (SAFE). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $97.9M, roughly 1.2× Safehold Inc.). Safehold Inc. runs the higher net margin — 28.5% vs -3.0%, a 31.4% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs 6.5%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 2.5%).
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.
SAFE Investment Company Limited is a Chinese sovereign wealth fund based in Hong Kong.
AIOT vs SAFE — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $97.9M |
| Net Profit | $-3.4M | $27.9M |
| Gross Margin | 55.2% | 98.6% |
| Operating Margin | 5.6% | 27.4% |
| Net Margin | -3.0% | 28.5% |
| Revenue YoY | 6.6% | 6.5% |
| Net Profit YoY | 76.6% | 7.1% |
| EPS (diluted) | $-0.03 | $0.38 |
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 | $97.9M | ||
| Q3 25 | $111.7M | $96.2M | ||
| Q2 25 | $104.1M | $93.8M | ||
| Q1 25 | $103.6M | $97.7M | ||
| Q4 24 | $106.4M | $91.9M | ||
| Q3 24 | $77.0M | $90.7M | ||
| Q2 24 | $75.4M | $89.9M | ||
| Q1 24 | — | $93.2M |
| Q4 25 | $-3.4M | $27.9M | ||
| Q3 25 | $-4.3M | $29.3M | ||
| Q2 25 | $-10.2M | $27.9M | ||
| Q1 25 | $-12.4M | $29.4M | ||
| Q4 24 | $-14.3M | $26.0M | ||
| Q3 24 | $-1.9M | $19.3M | ||
| Q2 24 | $-22.3M | $29.7M | ||
| Q1 24 | — | $30.7M |
| Q4 25 | 55.2% | 98.6% | ||
| Q3 25 | 56.0% | 98.5% | ||
| Q2 25 | 54.2% | 99.1% | ||
| Q1 25 | 52.8% | 98.8% | ||
| Q4 24 | 55.2% | 98.8% | ||
| Q3 24 | 53.7% | 98.8% | ||
| Q2 24 | 52.6% | 98.8% | ||
| Q1 24 | — | 98.8% |
| Q4 25 | 5.6% | 27.4% | ||
| Q3 25 | 3.8% | 25.9% | ||
| Q2 25 | -2.0% | 25.5% | ||
| Q1 25 | -6.7% | 25.9% | ||
| Q4 24 | -1.2% | 24.6% | ||
| Q3 24 | 0.7% | 17.5% | ||
| Q2 24 | -24.2% | 26.7% | ||
| Q1 24 | — | 26.4% |
| Q4 25 | -3.0% | 28.5% | ||
| Q3 25 | -3.8% | 30.5% | ||
| Q2 25 | -9.8% | 29.8% | ||
| Q1 25 | -12.0% | 30.1% | ||
| Q4 24 | -13.5% | 28.3% | ||
| Q3 24 | -2.5% | 21.3% | ||
| Q2 24 | -29.6% | 33.0% | ||
| Q1 24 | — | 33.0% |
| Q4 25 | $-0.03 | $0.38 | ||
| Q3 25 | $-0.03 | $0.41 | ||
| Q2 25 | $-0.08 | $0.39 | ||
| Q1 25 | $-0.09 | $0.41 | ||
| Q4 24 | $-0.11 | $0.36 | ||
| Q3 24 | $-0.02 | $0.27 | ||
| Q2 24 | $-0.21 | $0.42 | ||
| Q1 24 | — | $0.43 |
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 | $4.6B |
| Stockholders' EquityBook value | $485.0M | $2.4B |
| Total Assets | $959.5M | $7.2B |
| Debt / EquityLower = less leverage | 0.49× | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $21.7M | ||
| Q3 25 | $27.9M | $12.1M | ||
| Q2 25 | $31.2M | $13.9M | ||
| Q1 25 | $44.4M | $17.3M | ||
| Q4 24 | $33.6M | $8.3M | ||
| Q3 24 | $26.0M | $15.6M | ||
| Q2 24 | $30.2M | $13.4M | ||
| Q1 24 | — | $11.3M |
| Q4 25 | $237.8M | $4.6B | ||
| Q3 25 | $238.2M | $4.5B | ||
| Q2 25 | $239.0M | $4.4B | ||
| Q1 25 | $237.5M | $4.3B | ||
| Q4 24 | $238.5M | $4.3B | ||
| Q3 24 | $113.6M | $4.3B | ||
| Q2 24 | $113.7M | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $485.0M | $2.4B | ||
| Q3 25 | $468.8M | $2.4B | ||
| Q2 25 | $460.7M | $2.4B | ||
| Q1 25 | $446.6M | $2.4B | ||
| Q4 24 | $458.4M | $2.3B | ||
| Q3 24 | $451.0M | $2.3B | ||
| Q2 24 | $390.4M | $2.3B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $959.5M | $7.2B | ||
| Q3 25 | $936.9M | $7.1B | ||
| Q2 25 | $930.8M | $7.1B | ||
| Q1 25 | $910.1M | $6.9B | ||
| Q4 24 | $908.7M | $6.9B | ||
| Q3 24 | $748.3M | $6.8B | ||
| Q2 24 | $684.9M | $6.8B | ||
| Q1 24 | — | $6.7B |
| Q4 25 | 0.49× | 1.90× | ||
| Q3 25 | 0.51× | 1.89× | ||
| Q2 25 | 0.52× | 1.87× | ||
| Q1 25 | 0.53× | 1.85× | ||
| Q4 24 | 0.52× | 1.84× | ||
| Q3 24 | 0.25× | 1.88× | ||
| Q2 24 | 0.29× | 1.81× | ||
| Q1 24 | — | 1.81× |
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 | $47.8M |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $47.8M | ||
| Q3 25 | $5.5M | $-1.4M | ||
| Q2 25 | $4.7M | $28.0M | ||
| Q1 25 | $13.5M | $8.9M | ||
| Q4 24 | $-6.1M | $37.9M | ||
| Q3 24 | $-3.2M | $8.3M | ||
| Q2 24 | $-7.6M | $24.8M | ||
| Q1 24 | — | $-3.1M |
| 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 | — | ||
| Q1 24 | — | — |
| 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% | — | ||
| Q1 24 | — | — |
| 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% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | -0.05× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.83× | ||
| Q1 24 | — | -0.10× |
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% |
SAFE
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $60.3M | 62% |
| Other | $33.7M | 34% |
| Stabilized Properties | $3.8M | 4% |
