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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
Powerfleet, Inc. is the larger business by last-quarter revenue ($113.5M vs $76.2M, roughly 1.5× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -3.0%, a 10.4% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 6.6%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $4.9M). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs 22.7%).
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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
AIOT vs VMD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $76.2M |
| Net Profit | $-3.4M | $5.6M |
| Gross Margin | 55.2% | 57.9% |
| Operating Margin | 5.6% | 11.0% |
| Net Margin | -3.0% | 7.4% |
| Revenue YoY | 6.6% | 25.5% |
| Net Profit YoY | 76.6% | 30.7% |
| EPS (diluted) | $-0.03 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $111.7M | $71.9M | ||
| Q2 25 | $104.1M | $63.1M | ||
| Q1 25 | $103.6M | $59.1M | ||
| Q4 24 | $106.4M | $60.7M | ||
| Q3 24 | $77.0M | $58.0M | ||
| Q2 24 | $75.4M | $55.0M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | $-3.4M | $5.6M | ||
| Q3 25 | $-4.3M | $3.5M | ||
| Q2 25 | $-10.2M | $3.2M | ||
| Q1 25 | $-12.4M | $2.6M | ||
| Q4 24 | $-14.3M | $4.3M | ||
| Q3 24 | $-1.9M | $3.9M | ||
| Q2 24 | $-22.3M | $1.5M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | 55.2% | 57.9% | ||
| Q3 25 | 56.0% | 57.5% | ||
| Q2 25 | 54.2% | 58.3% | ||
| Q1 25 | 52.8% | 56.3% | ||
| Q4 24 | 55.2% | 59.5% | ||
| Q3 24 | 53.7% | 59.3% | ||
| Q2 24 | 52.6% | 59.8% | ||
| Q1 24 | — | 58.9% |
| Q4 25 | 5.6% | 11.0% | ||
| Q3 25 | 3.8% | 7.8% | ||
| Q2 25 | -2.0% | 8.1% | ||
| Q1 25 | -6.7% | 6.5% | ||
| Q4 24 | -1.2% | 10.6% | ||
| Q3 24 | 0.7% | 9.7% | ||
| Q2 24 | -24.2% | 6.6% | ||
| Q1 24 | — | 4.4% |
| Q4 25 | -3.0% | 7.4% | ||
| Q3 25 | -3.8% | 4.9% | ||
| Q2 25 | -9.8% | 5.0% | ||
| Q1 25 | -12.0% | 4.4% | ||
| Q4 24 | -13.5% | 7.1% | ||
| Q3 24 | -2.5% | 6.7% | ||
| Q2 24 | -29.6% | 2.7% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | $-0.03 | $0.14 | ||
| Q3 25 | $-0.03 | $0.09 | ||
| Q2 25 | $-0.08 | $0.08 | ||
| Q1 25 | $-0.09 | $0.06 | ||
| Q4 24 | $-0.11 | $0.10 | ||
| Q3 24 | $-0.02 | $0.10 | ||
| Q2 24 | $-0.21 | $0.04 | ||
| Q1 24 | — | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | $141.5M |
| Total Assets | $959.5M | $199.2M |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.2M | $13.5M | ||
| Q3 25 | $27.9M | $11.1M | ||
| Q2 25 | $31.2M | $20.0M | ||
| Q1 25 | $44.4M | $10.2M | ||
| Q4 24 | $33.6M | $17.5M | ||
| Q3 24 | $26.0M | $11.3M | ||
| Q2 24 | $30.2M | $8.8M | ||
| Q1 24 | — | $7.3M |
| Q4 25 | $237.8M | — | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | $485.0M | $141.5M | ||
| Q3 25 | $468.8M | $133.6M | ||
| Q2 25 | $460.7M | $139.7M | ||
| Q1 25 | $446.6M | $134.8M | ||
| Q4 24 | $458.4M | $131.4M | ||
| Q3 24 | $451.0M | $125.0M | ||
| Q2 24 | $390.4M | $119.4M | ||
| Q1 24 | — | $116.3M |
| Q4 25 | $959.5M | $199.2M | ||
| Q3 25 | $936.9M | $202.4M | ||
| Q2 25 | $930.8M | $184.6M | ||
| Q1 25 | $910.1M | $178.1M | ||
| Q4 24 | $908.7M | $177.1M | ||
| Q3 24 | $748.3M | $169.5M | ||
| Q2 24 | $684.9M | $163.9M | ||
| Q1 24 | — | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $4.9M | $9.7M |
| FCF MarginFCF / Revenue | 4.4% | 12.7% |
| Capex IntensityCapex / Revenue | 4.6% | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2M | $18.4M | ||
| Q3 25 | $5.5M | $18.4M | ||
| Q2 25 | $4.7M | $12.3M | ||
| Q1 25 | $13.5M | $2.9M | ||
| Q4 24 | $-6.1M | $15.0M | ||
| Q3 24 | $-3.2M | $12.7M | ||
| Q2 24 | $-7.6M | $10.2M | ||
| Q1 24 | — | $1.2M |
| Q4 25 | $4.9M | $9.7M | ||
| Q3 25 | $1.2M | $10.7M | ||
| Q2 25 | $-3.4M | $4.1M | ||
| Q1 25 | $10.1M | $-12.6M | ||
| Q4 24 | $-12.2M | $3.2M | ||
| Q3 24 | $-8.0M | $1.7M | ||
| Q2 24 | $-13.2M | $1.2M | ||
| Q1 24 | — | $-4.8M |
| Q4 25 | 4.4% | 12.7% | ||
| Q3 25 | 1.1% | 14.9% | ||
| Q2 25 | -3.3% | 6.5% | ||
| Q1 25 | 9.8% | -21.4% | ||
| Q4 24 | -11.5% | 5.2% | ||
| Q3 24 | -10.4% | 3.0% | ||
| Q2 24 | -17.5% | 2.3% | ||
| Q1 24 | — | -9.5% |
| Q4 25 | 4.6% | 11.5% | ||
| Q3 25 | 3.9% | 10.6% | ||
| Q2 25 | 7.8% | 12.9% | ||
| Q1 25 | 3.3% | 26.2% | ||
| Q4 24 | 5.8% | 19.5% | ||
| Q3 24 | 6.3% | 19.0% | ||
| Q2 24 | 7.4% | 16.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.94× | ||
| Q1 24 | — | 0.73× |
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% |
VMD
Segment breakdown not available.
