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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $113.5M, roughly 1.9× Powerfleet, Inc.). Powerfleet, Inc. runs the higher net margin — -3.0% vs -62.0%, a 59.1% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $4.9M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
AIOT vs TE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $210.5M |
| Net Profit | $-3.4M | $-130.6M |
| Gross Margin | 55.2% | 10.0% |
| Operating Margin | 5.6% | -45.0% |
| Net Margin | -3.0% | -62.0% |
| Revenue YoY | 6.6% | — |
| Net Profit YoY | 76.6% | -375.2% |
| EPS (diluted) | $-0.03 | $-0.87 |
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 | — | ||
| Q3 25 | $111.7M | $210.5M | ||
| Q2 25 | $104.1M | $132.8M | ||
| Q1 25 | $103.6M | $53.5M | ||
| Q4 24 | $106.4M | — | ||
| Q3 24 | $77.0M | $0 | ||
| Q2 24 | $75.4M | $0 | ||
| Q1 24 | — | $0 |
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $-4.3M | $-130.6M | ||
| Q2 25 | $-10.2M | $-31.9M | ||
| Q1 25 | $-12.4M | $-16.2M | ||
| Q4 24 | $-14.3M | — | ||
| Q3 24 | $-1.9M | $-27.5M | ||
| Q2 24 | $-22.3M | $-27.0M | ||
| Q1 24 | — | $-28.5M |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 56.0% | 10.0% | ||
| Q2 25 | 54.2% | 24.7% | ||
| Q1 25 | 52.8% | 33.3% | ||
| Q4 24 | 55.2% | — | ||
| Q3 24 | 53.7% | — | ||
| Q2 24 | 52.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 3.8% | -45.0% | ||
| Q2 25 | -2.0% | -22.0% | ||
| Q1 25 | -6.7% | -44.2% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | -24.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | -3.0% | — | ||
| Q3 25 | -3.8% | -62.0% | ||
| Q2 25 | -9.8% | -24.0% | ||
| Q1 25 | -12.0% | -30.4% | ||
| Q4 24 | -13.5% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | -29.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $-0.87 | ||
| Q2 25 | $-0.08 | $-0.21 | ||
| Q1 25 | $-0.09 | $-0.11 | ||
| Q4 24 | $-0.11 | — | ||
| Q3 24 | $-0.02 | $-0.20 | ||
| Q2 24 | $-0.21 | $-0.19 | ||
| Q1 24 | — | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | $237.8M | $547.3M |
| Stockholders' EquityBook value | $485.0M | $96.9M |
| Total Assets | $959.5M | $1.4B |
| Debt / EquityLower = less leverage | 0.49× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | — | ||
| Q3 25 | $27.9M | $34.1M | ||
| Q2 25 | $31.2M | $8.5M | ||
| Q1 25 | $44.4M | $48.9M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $26.0M | $181.9M | ||
| Q2 24 | $30.2M | $219.6M | ||
| Q1 24 | — | $249.9M |
| Q4 25 | $237.8M | — | ||
| Q3 25 | $238.2M | $547.3M | ||
| Q2 25 | $239.0M | $591.2M | ||
| Q1 25 | $237.5M | $603.2M | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $485.0M | — | ||
| Q3 25 | $468.8M | $96.9M | ||
| Q2 25 | $460.7M | $183.9M | ||
| Q1 25 | $446.6M | $201.9M | ||
| Q4 24 | $458.4M | — | ||
| Q3 24 | $451.0M | $538.7M | ||
| Q2 24 | $390.4M | $561.6M | ||
| Q1 24 | — | $582.3M |
| Q4 25 | $959.5M | — | ||
| Q3 25 | $936.9M | $1.4B | ||
| Q2 25 | $930.8M | $1.4B | ||
| Q1 25 | $910.1M | $1.4B | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | $748.3M | $615.0M | ||
| Q2 24 | $684.9M | $644.4M | ||
| Q1 24 | — | $670.3M |
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.51× | 5.65× | ||
| Q2 25 | 0.52× | 3.21× | ||
| Q1 25 | 0.53× | 2.99× | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $4.9M | $55.0M |
| FCF MarginFCF / Revenue | 4.4% | 26.1% |
| Capex IntensityCapex / Revenue | 4.6% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | — | ||
| Q3 25 | $5.5M | $63.9M | ||
| Q2 25 | $4.7M | $33.4M | ||
| Q1 25 | $13.5M | $-44.8M | ||
| Q4 24 | $-6.1M | — | ||
| Q3 24 | $-3.2M | $-28.4M | ||
| Q2 24 | $-7.6M | $-28.0M | ||
| Q1 24 | — | $-16.2M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $1.2M | $55.0M | ||
| Q2 25 | $-3.4M | $10.6M | ||
| Q1 25 | $10.1M | $-74.0M | ||
| Q4 24 | $-12.2M | — | ||
| Q3 24 | $-8.0M | $-34.0M | ||
| Q2 24 | $-13.2M | $-35.6M | ||
| Q1 24 | — | $-37.7M |
| Q4 25 | 4.4% | — | ||
| Q3 25 | 1.1% | 26.1% | ||
| Q2 25 | -3.3% | 8.0% | ||
| Q1 25 | 9.8% | -138.4% | ||
| Q4 24 | -11.5% | — | ||
| Q3 24 | -10.4% | — | ||
| Q2 24 | -17.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.9% | 4.2% | ||
| Q2 25 | 7.8% | 17.2% | ||
| Q1 25 | 3.3% | 54.5% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 7.4% | — | ||
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
