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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and iQSTEL Inc (IQST). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $84.2M, roughly 1.2× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -55.2%, a 52.1% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs -14.9%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.

AP vs IQST — Head-to-Head

Bigger by revenue
AP
AP
1.2× larger
AP
$104.4M
$84.2M
IQST
Growing faster (revenue YoY)
AP
AP
+26.3% gap
AP
11.5%
-14.9%
IQST
Higher net margin
IQST
IQST
52.1% more per $
IQST
-3.2%
-55.2%
AP
More free cash flow
AP
AP
$1.2M more FCF
AP
$-64.0K
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AP
AP
IQST
IQST
Revenue
$104.4M
$84.2M
Net Profit
$-57.7M
$-2.7M
Gross Margin
3.5%
Operating Margin
-54.0%
-2.9%
Net Margin
-55.2%
-3.2%
Revenue YoY
11.5%
-14.9%
Net Profit YoY
-1958.9%
-44.5%
EPS (diluted)
$-2.87
$-0.92

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
AP
AP
IQST
IQST
Q4 25
$104.4M
$84.2M
Q3 25
$103.7M
$102.9M
Q2 25
$108.9M
$72.2M
Q1 25
$99.2M
$57.6M
Q4 24
$93.6M
$98.9M
Q3 24
$92.1M
$54.2M
Q2 24
$107.1M
$78.6M
Q1 24
$110.0M
$51.4M
Net Profit
AP
AP
IQST
IQST
Q4 25
$-57.7M
$-2.7M
Q3 25
$-2.2M
$-2.3M
Q2 25
$-7.3M
$-2.3M
Q1 25
$1.1M
$-1.1M
Q4 24
$3.1M
$-1.9M
Q3 24
$-2.0M
$-773.0K
Q2 24
$2.0M
$-2.0M
Q1 24
$-2.7M
$-580.2K
Gross Margin
AP
AP
IQST
IQST
Q4 25
3.5%
Q3 25
2.7%
Q2 25
2.6%
Q1 25
3.4%
Q4 24
2.7%
Q3 24
3.7%
Q2 24
2.8%
Q1 24
2.7%
Operating Margin
AP
AP
IQST
IQST
Q4 25
-54.0%
-2.9%
Q3 25
1.1%
-0.5%
Q2 25
-2.8%
-0.9%
Q1 25
3.9%
-1.0%
Q4 24
5.5%
-0.3%
Q3 24
2.0%
-0.1%
Q2 24
4.7%
-0.4%
Q1 24
0.1%
-0.4%
Net Margin
AP
AP
IQST
IQST
Q4 25
-55.2%
-3.2%
Q3 25
-2.1%
-2.3%
Q2 25
-6.7%
-3.3%
Q1 25
1.2%
-2.0%
Q4 24
3.3%
-1.9%
Q3 24
-2.1%
-1.4%
Q2 24
1.9%
-2.5%
Q1 24
-2.5%
-1.1%
EPS (diluted)
AP
AP
IQST
IQST
Q4 25
$-2.87
$-0.92
Q3 25
$-0.11
$-0.68
Q2 25
$-0.36
$-0.82
Q1 25
$0.06
$-0.44
Q4 24
$0.16
$-1.19
Q3 24
$-0.10
$-0.40
Q2 24
$0.10
$-0.90
Q1 24
$-0.14
$-0.37

Balance Sheet & Financial Strength

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

Metric
AP
AP
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$10.7M
$2.2M
Total DebtLower is stronger
$117.9M
$4.1M
Stockholders' EquityBook value
$32.6M
$16.3M
Total Assets
$495.4M
$51.1M
Debt / EquityLower = less leverage
3.61×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
IQST
IQST
Q4 25
$10.7M
$2.2M
Q3 25
$15.0M
$2.3M
Q2 25
$9.9M
$2.0M
Q1 25
$7.1M
$1.1M
Q4 24
$15.4M
$2.5M
Q3 24
$11.8M
$2.1M
Q2 24
$7.9M
$797.2K
Q1 24
$10.8M
$2.7M
Total Debt
AP
AP
IQST
IQST
Q4 25
$117.9M
$4.1M
Q3 25
$119.0M
$2.7M
Q2 25
$115.9M
$4.5M
Q1 25
$115.0M
$3.5M
Q4 24
$116.4M
$2.5M
Q3 24
$116.0M
$3.2M
Q2 24
$119.4M
$2.5M
Q1 24
$116.2M
$194.0K
Stockholders' Equity
AP
AP
IQST
IQST
Q4 25
$32.6M
$16.3M
Q3 25
$60.1M
$17.9M
Q2 25
$62.7M
$14.3M
Q1 25
$64.6M
$11.6M
Q4 24
$58.9M
$11.9M
Q3 24
$61.3M
$8.1M
Q2 24
$58.0M
$7.6M
Q1 24
$56.3M
$8.4M
Total Assets
AP
AP
IQST
IQST
Q4 25
$495.4M
$51.1M
Q3 25
$524.4M
$46.9M
Q2 25
$537.2M
$51.4M
Q1 25
$536.2M
$42.0M
Q4 24
$530.9M
$79.0M
Q3 24
$547.4M
$32.4M
Q2 24
$560.8M
$30.0M
Q1 24
$565.8M
$22.1M
Debt / Equity
AP
AP
IQST
IQST
Q4 25
3.61×
0.25×
Q3 25
1.98×
0.15×
Q2 25
1.85×
0.31×
Q1 25
1.78×
0.31×
Q4 24
1.98×
0.21×
Q3 24
1.89×
0.40×
Q2 24
2.06×
0.34×
Q1 24
2.06×
0.02×

Cash Flow & Capital Efficiency

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

Metric
AP
AP
IQST
IQST
Operating Cash FlowLast quarter
$2.7M
$-1.2M
Free Cash FlowOCF − Capex
$-64.0K
$-1.2M
FCF MarginFCF / Revenue
-0.1%
-1.5%
Capex IntensityCapex / Revenue
2.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
IQST
IQST
Q4 25
$2.7M
$-1.2M
Q3 25
$6.3M
$-953.0K
Q2 25
$-2.3M
$257.7K
Q1 25
$-5.3M
$-1.9M
Q4 24
$7.5M
$-403.7K
Q3 24
$11.4M
$625.0K
Q2 24
$-5.3M
$-2.6M
Q1 24
$4.5M
$-536.9K
Free Cash Flow
AP
AP
IQST
IQST
Q4 25
$-64.0K
$-1.2M
Q3 25
$3.3M
$-969.2K
Q2 25
$-3.8M
$211.7K
Q1 25
$-7.5M
$-2.0M
Q4 24
$3.7M
$-421.3K
Q3 24
$8.4M
$594.5K
Q2 24
$-8.0M
$-2.6M
Q1 24
$1.7M
$-608.5K
FCF Margin
AP
AP
IQST
IQST
Q4 25
-0.1%
-1.5%
Q3 25
3.2%
-0.9%
Q2 25
-3.5%
0.3%
Q1 25
-7.5%
-3.4%
Q4 24
4.0%
-0.4%
Q3 24
9.1%
1.1%
Q2 24
-7.5%
-3.4%
Q1 24
1.5%
-1.2%
Capex Intensity
AP
AP
IQST
IQST
Q4 25
2.7%
0.0%
Q3 25
2.9%
0.0%
Q2 25
1.3%
0.1%
Q1 25
2.2%
0.1%
Q4 24
4.0%
0.0%
Q3 24
3.2%
0.1%
Q2 24
2.5%
0.0%
Q1 24
2.6%
0.1%
Cash Conversion
AP
AP
IQST
IQST
Q4 25
Q3 25
Q2 25
Q1 25
-4.62×
Q4 24
2.40×
Q3 24
Q2 24
-2.64×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

IQST
IQST

USA$53.2M63%
Other$29.9M35%
Switzerland$1.1M1%

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