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Side-by-side financial comparison of Baird Medical Investment Holdings Ltd (BDMD) 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 $8.0M, roughly 1.5× Baird Medical Investment Holdings Ltd).

Baird Medical Investment Holdings Ltd is a healthcare-focused investment holding company mainly operating in the Chinese market. It invests in and manages businesses covering in vitro diagnostic devices, medical consumables, and community healthcare services, serving clinical institutions and individual consumers.

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.

BDMD vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.5× larger
IPW
$12.0M
$8.0M
BDMD

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BDMD
BDMD
IPW
IPW
Revenue
$8.0M
$12.0M
Net Profit
$-11.4M
Gross Margin
82.1%
40.0%
Operating Margin
-131.3%
-14.1%
Net Margin
-142.7%
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.

Balance Sheet & Financial Strength

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

Metric
BDMD
BDMD
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
$8.4M
Stockholders' EquityBook value
$35.6M
$17.9M
Total Assets
$77.0M
$28.6M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDMD
BDMD
IPW
IPW
Q3 25
$904.0K
Q2 25
Total Debt
BDMD
BDMD
IPW
IPW
Q3 25
Q2 25
$8.4M
Stockholders' Equity
BDMD
BDMD
IPW
IPW
Q3 25
$17.9M
Q2 25
$35.6M
Total Assets
BDMD
BDMD
IPW
IPW
Q3 25
$28.6M
Q2 25
$77.0M
Debt / Equity
BDMD
BDMD
IPW
IPW
Q3 25
Q2 25
0.24×

Cash Flow & Capital Efficiency

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

Metric
BDMD
BDMD
IPW
IPW
Operating Cash FlowLast quarter
$-3.2M
$1.7M
Free Cash FlowOCF − Capex
$-3.2M
FCF MarginFCF / Revenue
-40.7%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDMD
BDMD
IPW
IPW
Q3 25
$1.7M
Q2 25
$-3.2M
Free Cash Flow
BDMD
BDMD
IPW
IPW
Q3 25
Q2 25
$-3.2M
FCF Margin
BDMD
BDMD
IPW
IPW
Q3 25
Q2 25
-40.7%
Capex Intensity
BDMD
BDMD
IPW
IPW
Q3 25
Q2 25
0.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDMD
BDMD

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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