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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and STONERIDGE INC (SRI). Click either name above to swap in a different company.
STONERIDGE INC is the larger business by last-quarter revenue ($205.2M vs $113.5M, roughly 1.8× Powerfleet, Inc.). On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -6.0%). Powerfleet, Inc. produced more free cash flow last quarter ($4.9M vs $2.6M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -7.4%).
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.
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
AIOT vs SRI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $205.2M |
| Net Profit | $-3.4M | — |
| Gross Margin | 55.2% | 16.2% |
| Operating Margin | 5.6% | -14.4% |
| Net Margin | -3.0% | — |
| Revenue YoY | 6.6% | -6.0% |
| Net Profit YoY | 76.6% | — |
| EPS (diluted) | $-0.03 | $-2.76 |
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 | $205.2M | ||
| Q3 25 | $111.7M | $210.3M | ||
| Q2 25 | $104.1M | $228.0M | ||
| Q1 25 | $103.6M | $217.9M | ||
| Q4 24 | $106.4M | $218.2M | ||
| Q3 24 | $77.0M | $213.8M | ||
| Q2 24 | $75.4M | $237.1M | ||
| Q1 24 | — | $239.2M |
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $-4.3M | $-9.4M | ||
| Q2 25 | $-10.2M | $-9.4M | ||
| Q1 25 | $-12.4M | $-7.2M | ||
| Q4 24 | $-14.3M | — | ||
| Q3 24 | $-1.9M | $-7.1M | ||
| Q2 24 | $-22.3M | $2.8M | ||
| Q1 24 | — | $-6.1M |
| Q4 25 | 55.2% | 16.2% | ||
| Q3 25 | 56.0% | 20.3% | ||
| Q2 25 | 54.2% | 21.5% | ||
| Q1 25 | 52.8% | 21.2% | ||
| Q4 24 | 55.2% | 19.5% | ||
| Q3 24 | 53.7% | 20.8% | ||
| Q2 24 | 52.6% | 22.7% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 5.6% | -14.4% | ||
| Q3 25 | 3.8% | -1.6% | ||
| Q2 25 | -2.0% | -1.1% | ||
| Q1 25 | -6.7% | -1.5% | ||
| Q4 24 | -1.2% | -2.0% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | -24.2% | 1.4% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | -3.0% | — | ||
| Q3 25 | -3.8% | -4.5% | ||
| Q2 25 | -9.8% | -4.1% | ||
| Q1 25 | -12.0% | -3.3% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -2.5% | -3.3% | ||
| Q2 24 | -29.6% | 1.2% | ||
| Q1 24 | — | -2.6% |
| Q4 25 | $-0.03 | $-2.76 | ||
| Q3 25 | $-0.03 | $-0.34 | ||
| Q2 25 | $-0.08 | $-0.34 | ||
| Q1 25 | $-0.09 | $-0.26 | ||
| Q4 24 | $-0.11 | $-0.22 | ||
| Q3 24 | $-0.02 | $-0.26 | ||
| Q2 24 | $-0.21 | $0.10 | ||
| Q1 24 | — | $-0.22 |
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 | $66.3M |
| Total DebtLower is stronger | $237.8M | $180.9M |
| Stockholders' EquityBook value | $485.0M | $179.8M |
| Total Assets | $959.5M | $551.2M |
| Debt / EquityLower = less leverage | 0.49× | 1.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $66.3M | ||
| Q3 25 | $27.9M | $54.0M | ||
| Q2 25 | $31.2M | $49.8M | ||
| Q1 25 | $44.4M | $79.1M | ||
| Q4 24 | $33.6M | $71.8M | ||
| Q3 24 | $26.0M | $54.1M | ||
| Q2 24 | $30.2M | $42.1M | ||
| Q1 24 | — | $48.4M |
| Q4 25 | $237.8M | $180.9M | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | $201.6M | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $179.8M | ||
| Q3 25 | $468.8M | $251.2M | ||
| Q2 25 | $460.7M | $260.5M | ||
| Q1 25 | $446.6M | $253.1M | ||
| Q4 24 | $458.4M | $245.3M | ||
| Q3 24 | $451.0M | $271.4M | ||
| Q2 24 | $390.4M | $270.5M | ||
| Q1 24 | — | $277.3M |
| Q4 25 | $959.5M | $551.2M | ||
| Q3 25 | $936.9M | $632.1M | ||
| Q2 25 | $930.8M | $639.4M | ||
| Q1 25 | $910.1M | $657.4M | ||
| Q4 24 | $908.7M | $621.6M | ||
| Q3 24 | $748.3M | $662.5M | ||
| Q2 24 | $684.9M | $666.7M | ||
| Q1 24 | — | $675.4M |
| Q4 25 | 0.49× | 1.01× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.52× | 0.82× | ||
| 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 | $8.8M |
| Free Cash FlowOCF − Capex | $4.9M | $2.6M |
| FCF MarginFCF / Revenue | 4.4% | 1.3% |
| Capex IntensityCapex / Revenue | 4.6% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $12.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $8.8M | ||
| Q3 25 | $5.5M | $3.6M | ||
| Q2 25 | $4.7M | $10.7M | ||
| Q1 25 | $13.5M | $10.9M | ||
| Q4 24 | $-6.1M | $19.2M | ||
| Q3 24 | $-3.2M | $10.8M | ||
| Q2 24 | $-7.6M | $8.7M | ||
| Q1 24 | — | $9.1M |
| Q4 25 | $4.9M | $2.6M | ||
| Q3 25 | $1.2M | $-2.7M | ||
| Q2 25 | $-3.4M | $7.4M | ||
| Q1 25 | $10.1M | $4.8M | ||
| Q4 24 | $-12.2M | $14.0M | ||
| Q3 24 | $-8.0M | $4.6M | ||
| Q2 24 | $-13.2M | $1.5M | ||
| Q1 24 | — | $3.3M |
| Q4 25 | 4.4% | 1.3% | ||
| Q3 25 | 1.1% | -1.3% | ||
| Q2 25 | -3.3% | 3.3% | ||
| Q1 25 | 9.8% | 2.2% | ||
| Q4 24 | -11.5% | 6.4% | ||
| Q3 24 | -10.4% | 2.2% | ||
| Q2 24 | -17.5% | 0.6% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 4.6% | 3.0% | ||
| Q3 25 | 3.9% | 3.0% | ||
| Q2 25 | 7.8% | 1.4% | ||
| Q1 25 | 3.3% | 2.8% | ||
| Q4 24 | 5.8% | 2.4% | ||
| Q3 24 | 6.3% | 2.9% | ||
| Q2 24 | 7.4% | 3.0% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.11× | ||
| Q1 24 | — | — |
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% |
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
