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Side-by-side financial comparison of AmpliTech Group, Inc. (AMPG) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

INTELLIGENT PROTECTION MANAGEMENT CORP. is the larger business by last-quarter revenue ($6.1M vs $4.5M, roughly 1.4× AmpliTech Group, Inc.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs 141.6%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs 39.7%).

Ampli Energy is a South African company providing a renewable energy trading platform that uses a wheeling process to deliver green energy to consumers.

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

AMPG vs IPM — Head-to-Head

Bigger by revenue
IPM
IPM
1.4× larger
IPM
$6.1M
$4.5M
AMPG
Growing faster (revenue YoY)
IPM
IPM
+1950.0% gap
IPM
2091.6%
141.6%
AMPG
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
39.7%
AMPG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPG
AMPG
IPM
IPM
Revenue
$4.5M
$6.1M
Net Profit
$-3.2M
Gross Margin
22.8%
53.1%
Operating Margin
-73.3%
-13.4%
Net Margin
-71.6%
Revenue YoY
141.6%
2091.6%
Net Profit YoY
16.1%
EPS (diluted)
$-0.14
$-0.05

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
AMPG
AMPG
IPM
IPM
Q4 25
$4.5M
$6.1M
Q3 25
$6.1M
$6.2M
Q2 25
$11.0M
$5.7M
Q1 25
$3.6M
$5.5M
Q4 24
$1.9M
Q3 24
$2.8M
Q2 24
$2.5M
Q1 24
$2.3M
Net Profit
AMPG
AMPG
IPM
IPM
Q4 25
$-3.2M
Q3 25
$-188.4K
$-1.1M
Q2 25
$-1.8M
$-1.1M
Q1 25
$-1.8M
$808.5K
Q4 24
$-3.8M
Q3 24
$-1.2M
Q2 24
$-1.6M
Q1 24
$-4.7M
Gross Margin
AMPG
AMPG
IPM
IPM
Q4 25
22.8%
53.1%
Q3 25
48.6%
50.7%
Q2 25
7.8%
50.1%
Q1 25
33.0%
55.3%
Q4 24
10.7%
Q3 24
47.6%
Q2 24
41.8%
Q1 24
38.5%
Operating Margin
AMPG
AMPG
IPM
IPM
Q4 25
-73.3%
-13.4%
Q3 25
-3.6%
-23.0%
Q2 25
-17.5%
-19.7%
Q1 25
-52.5%
-24.2%
Q4 24
-234.5%
Q3 24
-38.4%
Q2 24
-62.0%
Q1 24
-62.3%
Net Margin
AMPG
AMPG
IPM
IPM
Q4 25
-71.6%
Q3 25
-3.1%
-17.4%
Q2 25
-16.1%
-18.3%
Q1 25
-51.1%
14.7%
Q4 24
-206.2%
Q3 24
-42.0%
Q2 24
-62.4%
Q1 24
-203.0%
EPS (diluted)
AMPG
AMPG
IPM
IPM
Q4 25
$-0.14
$-0.05
Q3 25
$-0.01
$-0.08
Q2 25
$-0.09
$-0.08
Q1 25
$-0.09
$0.06
Q4 24
$-0.28
Q3 24
$-0.12
Q2 24
$-0.16
Q1 24
$-0.48

Balance Sheet & Financial Strength

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

Metric
AMPG
AMPG
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$5.0M
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.9M
$18.2M
Total Assets
$51.5M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPG
AMPG
IPM
IPM
Q4 25
$5.0M
$5.6M
Q3 25
$8.4M
$7.3M
Q2 25
$11.1M
$7.3M
Q1 25
$16.9M
$9.7M
Q4 24
$19.3M
Q3 24
$1.1M
Q2 24
$1.0M
Q1 24
$2.4M
Total Debt
AMPG
AMPG
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.1M
Q2 24
$36.4K
Q1 24
$63.2K
Stockholders' Equity
AMPG
AMPG
IPM
IPM
Q4 25
$32.9M
$18.2M
Q3 25
$35.8M
$18.8M
Q2 25
$35.8M
$19.9M
Q1 25
$35.8M
$21.1M
Q4 24
$37.5M
Q3 24
$20.4M
Q2 24
$20.7M
Q1 24
$22.2M
Total Assets
AMPG
AMPG
IPM
IPM
Q4 25
$51.5M
$26.0M
Q3 25
$47.2M
$27.2M
Q2 25
$48.6M
$29.8M
Q1 25
$42.1M
$31.1M
Q4 24
$43.2M
Q3 24
$27.5M
Q2 24
$25.4M
Q1 24
$26.9M
Debt / Equity
AMPG
AMPG
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.06×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
AMPG
AMPG
IPM
IPM
Operating Cash FlowLast quarter
$-3.4M
$87.6K
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-78.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPG
AMPG
IPM
IPM
Q4 25
$-3.4M
$87.6K
Q3 25
$-999.4K
$133.0K
Q2 25
$-2.3M
$-888.7K
Q1 25
$-2.0M
$1.7M
Q4 24
$-1.2M
Q3 24
$-1.7M
Q2 24
$-1.3M
Q1 24
$-1.1M
Free Cash Flow
AMPG
AMPG
IPM
IPM
Q4 25
$-3.5M
Q3 25
$-1.4M
Q2 25
$-2.4M
Q1 25
$-2.4M
Q4 24
$-1.2M
Q3 24
$-1.7M
Q2 24
$-1.3M
Q1 24
$-1.1M
FCF Margin
AMPG
AMPG
IPM
IPM
Q4 25
-78.4%
Q3 25
-23.7%
Q2 25
-21.6%
Q1 25
-65.8%
Q4 24
-63.9%
Q3 24
-61.6%
Q2 24
-52.7%
Q1 24
-47.0%
Capex Intensity
AMPG
AMPG
IPM
IPM
Q4 25
1.9%
Q3 25
7.3%
0.0%
Q2 25
1.1%
Q1 25
10.0%
Q4 24
0.9%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.1%
Cash Conversion
AMPG
AMPG
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPG
AMPG

Other$2.7M60%
Distribution$1.8M40%

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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