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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and iPower Inc. (IPW). Click either name above to swap in a different company.

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $6.3M, roughly 1.9× Almonty Industries Inc.).

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

ALM vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.9× larger
IPW
$12.0M
$6.3M
ALM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ALM
ALM
IPW
IPW
Revenue
$6.3M
$12.0M
Net Profit
$-5.4M
Gross Margin
40.0%
Operating Margin
-14.1%
Net Margin
-86.1%
Revenue YoY
-36.8%
Net Profit YoY
EPS (diluted)
$-0.51

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.

Revenue
ALM
ALM
IPW
IPW
Q3 25
$6.3M
$12.0M
Q2 25
$7.2M
Net Profit
ALM
ALM
IPW
IPW
Q3 25
$-5.4M
Q2 25
$-58.2M
Gross Margin
ALM
ALM
IPW
IPW
Q3 25
40.0%
Q2 25
Operating Margin
ALM
ALM
IPW
IPW
Q3 25
-14.1%
Q2 25
Net Margin
ALM
ALM
IPW
IPW
Q3 25
-86.1%
Q2 25
-809.4%
EPS (diluted)
ALM
ALM
IPW
IPW
Q3 25
$-0.51
Q2 25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
Total Assets
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
IPW
IPW
Q3 25
$904.0K
Q2 25
Stockholders' Equity
ALM
ALM
IPW
IPW
Q3 25
$17.9M
Q2 25
Total Assets
ALM
ALM
IPW
IPW
Q3 25
$28.6M
Q2 25

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
IPW
IPW
Operating Cash FlowLast quarter
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
IPW
IPW
Q3 25
$1.7M
Q2 25

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALM
ALM

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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