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

Aptiv is the larger business by last-quarter revenue ($5.2B vs $12.0M, roughly 428.8× iPower Inc.). On growth, Aptiv posted the faster year-over-year revenue change (5.0% vs -36.8%).

Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.

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.

APTV vs IPW — Head-to-Head

Bigger by revenue
APTV
APTV
428.8× larger
APTV
$5.2B
$12.0M
IPW
Growing faster (revenue YoY)
APTV
APTV
+41.8% gap
APTV
5.0%
-36.8%
IPW

Income Statement — Q4 2025 vs Q1 2026

Metric
APTV
APTV
IPW
IPW
Revenue
$5.2B
$12.0M
Net Profit
$138.0M
Gross Margin
18.7%
40.0%
Operating Margin
8.2%
-14.1%
Net Margin
2.7%
Revenue YoY
5.0%
-36.8%
Net Profit YoY
-48.5%
EPS (diluted)
$0.63
$-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
APTV
APTV
IPW
IPW
Q4 25
$5.2B
Q3 25
$5.2B
$12.0M
Q2 25
$5.2B
Q1 25
$4.8B
Q4 24
$4.9B
Q3 24
$4.9B
Q2 24
$5.1B
Q1 24
$4.9B
Net Profit
APTV
APTV
IPW
IPW
Q4 25
$138.0M
Q3 25
$-355.0M
Q2 25
$393.0M
Q1 25
$-11.0M
Q4 24
$268.0M
Q3 24
$363.0M
Q2 24
$938.0M
Q1 24
$218.0M
Gross Margin
APTV
APTV
IPW
IPW
Q4 25
18.7%
Q3 25
19.5%
40.0%
Q2 25
19.1%
Q1 25
19.1%
Q4 24
19.6%
Q3 24
18.6%
Q2 24
19.2%
Q1 24
17.9%
Operating Margin
APTV
APTV
IPW
IPW
Q4 25
8.2%
Q3 25
-3.4%
-14.1%
Q2 25
9.3%
Q1 25
9.3%
Q4 24
9.8%
Q3 24
10.4%
Q2 24
8.7%
Q1 24
8.5%
Net Margin
APTV
APTV
IPW
IPW
Q4 25
2.7%
Q3 25
-6.8%
Q2 25
7.5%
Q1 25
-0.2%
Q4 24
5.5%
Q3 24
7.5%
Q2 24
18.6%
Q1 24
4.4%
EPS (diluted)
APTV
APTV
IPW
IPW
Q4 25
$0.63
Q3 25
$-1.63
$-0.51
Q2 25
$1.80
Q1 25
$-0.05
Q4 24
$1.22
Q3 24
$1.48
Q2 24
$3.47
Q1 24
$0.79

Balance Sheet & Financial Strength

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

Metric
APTV
APTV
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$1.9B
$904.0K
Total DebtLower is stronger
$7.5B
Stockholders' EquityBook value
$9.2B
$17.9M
Total Assets
$23.4B
$28.6M
Debt / EquityLower = less leverage
0.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APTV
APTV
IPW
IPW
Q4 25
$1.9B
Q3 25
$1.6B
$904.0K
Q2 25
$1.4B
Q1 25
$1.1B
Q4 24
$1.6B
Q3 24
$1.8B
Q2 24
$2.2B
Q1 24
$941.0M
Total Debt
APTV
APTV
IPW
IPW
Q4 25
$7.5B
Q3 25
$7.6B
Q2 25
$7.8B
Q1 25
$7.6B
Q4 24
$7.8B
Q3 24
$8.3B
Q2 24
$5.5B
Q1 24
$4.7B
Stockholders' Equity
APTV
APTV
IPW
IPW
Q4 25
$9.2B
Q3 25
$9.3B
$17.9M
Q2 25
$9.7B
Q1 25
$9.0B
Q4 24
$8.8B
Q3 24
$8.9B
Q2 24
$11.5B
Q1 24
$11.1B
Total Assets
APTV
APTV
IPW
IPW
Q4 25
$23.4B
Q3 25
$23.5B
$28.6M
Q2 25
$23.9B
Q1 25
$23.1B
Q4 24
$23.5B
Q3 24
$24.8B
Q2 24
$24.8B
Q1 24
$23.6B
Debt / Equity
APTV
APTV
IPW
IPW
Q4 25
0.81×
Q3 25
0.82×
Q2 25
0.80×
Q1 25
0.85×
Q4 24
0.89×
Q3 24
0.93×
Q2 24
0.48×
Q1 24
0.42×

Cash Flow & Capital Efficiency

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

Metric
APTV
APTV
IPW
IPW
Operating Cash FlowLast quarter
$818.0M
$1.7M
Free Cash FlowOCF − Capex
$651.0M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
5.93×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APTV
APTV
IPW
IPW
Q4 25
$818.0M
Q3 25
$584.0M
$1.7M
Q2 25
$510.0M
Q1 25
$273.0M
Q4 24
$1.1B
Q3 24
$499.0M
Q2 24
$643.0M
Q1 24
$244.0M
Free Cash Flow
APTV
APTV
IPW
IPW
Q4 25
$651.0M
Q3 25
$441.0M
Q2 25
$361.0M
Q1 25
$76.0M
Q4 24
$894.0M
Q3 24
$326.0M
Q2 24
$417.0M
Q1 24
$-21.0M
FCF Margin
APTV
APTV
IPW
IPW
Q4 25
12.6%
Q3 25
8.5%
Q2 25
6.9%
Q1 25
1.6%
Q4 24
18.2%
Q3 24
6.7%
Q2 24
8.3%
Q1 24
-0.4%
Capex Intensity
APTV
APTV
IPW
IPW
Q4 25
3.2%
Q3 25
2.7%
Q2 25
2.9%
Q1 25
4.1%
Q4 24
3.4%
Q3 24
3.6%
Q2 24
4.5%
Q1 24
5.4%
Cash Conversion
APTV
APTV
IPW
IPW
Q4 25
5.93×
Q3 25
Q2 25
1.30×
Q1 25
Q4 24
3.96×
Q3 24
1.37×
Q2 24
0.69×
Q1 24
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APTV
APTV

Electrical Distribution Systems$2.3B45%
Engineered Components Group$1.4B28%
Active Safety$716.0M14%
User Experience And Other$564.0M11%
Smart Vehicle Compute And Software$154.0M3%

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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