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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $91.6M, roughly 1.2× SHENANDOAH TELECOMMUNICATIONS CO). Powerfleet, Inc. runs the higher net margin — -3.0% vs -5.9%, a 2.9% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 6.6%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $-78.6M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 15.0%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
AIOT vs SHEN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $91.6M |
| Net Profit | $-3.4M | $-5.4M |
| Gross Margin | 55.2% | — |
| Operating Margin | 5.6% | -1.0% |
| Net Margin | -3.0% | -5.9% |
| Revenue YoY | 6.6% | 7.2% |
| Net Profit YoY | 76.6% | -95.8% |
| EPS (diluted) | $-0.03 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $111.7M | $89.8M | ||
| Q2 25 | $104.1M | $88.6M | ||
| Q1 25 | $103.6M | $87.9M | ||
| Q4 24 | $106.4M | $85.4M | ||
| Q3 24 | $77.0M | $87.6M | ||
| Q2 24 | $75.4M | $85.8M | ||
| Q1 24 | — | $69.2M |
| Q4 25 | $-3.4M | $-5.4M | ||
| Q3 25 | $-4.3M | $-9.4M | ||
| Q2 25 | $-10.2M | $-9.0M | ||
| Q1 25 | $-12.4M | $-9.1M | ||
| Q4 24 | $-14.3M | $-2.7M | ||
| Q3 24 | $-1.9M | $-5.3M | ||
| Q2 24 | $-22.3M | $-12.9M | ||
| Q1 24 | — | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | 3.8% | -8.0% | ||
| Q2 25 | -2.0% | -10.3% | ||
| Q1 25 | -6.7% | -6.9% | ||
| Q4 24 | -1.2% | -6.7% | ||
| Q3 24 | 0.7% | -4.8% | ||
| Q2 24 | -24.2% | -18.5% | ||
| Q1 24 | — | -4.0% |
| Q4 25 | -3.0% | -5.9% | ||
| Q3 25 | -3.8% | -10.5% | ||
| Q2 25 | -9.8% | -10.2% | ||
| Q1 25 | -12.0% | -10.4% | ||
| Q4 24 | -13.5% | -3.2% | ||
| Q3 24 | -2.5% | -6.0% | ||
| Q2 24 | -29.6% | -15.0% | ||
| Q1 24 | — | 310.0% |
| Q4 25 | $-0.03 | $-0.13 | ||
| Q3 25 | $-0.03 | $-0.20 | ||
| Q2 25 | $-0.08 | $-0.19 | ||
| Q1 25 | $-0.09 | $-0.19 | ||
| Q4 24 | $-0.11 | $-0.34 | ||
| Q3 24 | $-0.02 | $-0.13 | ||
| Q2 24 | $-0.21 | $-0.24 | ||
| Q1 24 | — | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $237.8M | $642.4M |
| Stockholders' EquityBook value | $485.0M | $880.8M |
| Total Assets | $959.5M | $1.9B |
| Debt / EquityLower = less leverage | 0.49× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $27.3M | ||
| Q3 25 | $27.9M | $22.6M | ||
| Q2 25 | $31.2M | $29.1M | ||
| Q1 25 | $44.4M | $87.5M | ||
| Q4 24 | $33.6M | $46.3M | ||
| Q3 24 | $26.0M | $43.1M | ||
| Q2 24 | $30.2M | $43.8M | ||
| Q1 24 | — | $389.7M |
| Q4 25 | $237.8M | $642.4M | ||
| Q3 25 | $238.2M | $535.4M | ||
| Q2 25 | $239.0M | $513.1M | ||
| Q1 25 | $237.5M | $515.8M | ||
| Q4 24 | $238.5M | $418.0M | ||
| Q3 24 | $113.6M | $345.2M | ||
| Q2 24 | $113.7M | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $485.0M | $880.8M | ||
| Q3 25 | $468.8M | $892.7M | ||
| Q2 25 | $460.7M | $902.0M | ||
| Q1 25 | $446.6M | $910.5M | ||
| Q4 24 | $458.4M | $918.6M | ||
| Q3 24 | $451.0M | $925.4M | ||
| Q2 24 | $390.4M | $933.1M | ||
| Q1 24 | — | $871.6M |
| Q4 25 | $959.5M | $1.9B | ||
| Q3 25 | $936.9M | $1.9B | ||
| Q2 25 | $930.8M | $1.8B | ||
| Q1 25 | $910.1M | $1.8B | ||
| Q4 24 | $908.7M | $1.7B | ||
| Q3 24 | $748.3M | $1.7B | ||
| Q2 24 | $684.9M | $1.7B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | 0.49× | 0.73× | ||
| Q3 25 | 0.51× | 0.60× | ||
| Q2 25 | 0.52× | 0.57× | ||
| Q1 25 | 0.53× | 0.57× | ||
| Q4 24 | 0.52× | 0.46× | ||
| Q3 24 | 0.25× | 0.37× | ||
| Q2 24 | 0.29× | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $4.9M | $-78.6M |
| FCF MarginFCF / Revenue | 4.4% | -85.8% |
| Capex IntensityCapex / Revenue | 4.6% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $28.8M | ||
| Q3 25 | $5.5M | $30.7M | ||
| Q2 25 | $4.7M | $20.9M | ||
| Q1 25 | $13.5M | $20.5M | ||
| Q4 24 | $-6.1M | $20.6M | ||
| Q3 24 | $-3.2M | $24.3M | ||
| Q2 24 | $-7.6M | $2.5M | ||
| Q1 24 | — | $15.2M |
| Q4 25 | $4.9M | $-78.6M | ||
| Q3 25 | $1.2M | $-51.4M | ||
| Q2 25 | $-3.4M | $-65.3M | ||
| Q1 25 | $10.1M | $-62.7M | ||
| Q4 24 | $-12.2M | $-72.0M | ||
| Q3 24 | $-8.0M | $-51.3M | ||
| Q2 24 | $-13.2M | $-78.3M | ||
| Q1 24 | — | $-54.9M |
| Q4 25 | 4.4% | -85.8% | ||
| Q3 25 | 1.1% | -57.2% | ||
| Q2 25 | -3.3% | -73.7% | ||
| Q1 25 | 9.8% | -71.3% | ||
| Q4 24 | -11.5% | -84.3% | ||
| Q3 24 | -10.4% | -58.5% | ||
| Q2 24 | -17.5% | -91.3% | ||
| Q1 24 | — | -79.3% |
| Q4 25 | 4.6% | 117.2% | ||
| Q3 25 | 3.9% | 91.4% | ||
| Q2 25 | 7.8% | 97.3% | ||
| Q1 25 | 3.3% | 94.7% | ||
| Q4 24 | 5.8% | 108.4% | ||
| Q3 24 | 6.3% | 86.2% | ||
| Q2 24 | 7.4% | 94.2% | ||
| Q1 24 | — | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
