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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and PIONEER POWER SOLUTIONS, INC. (PPSI). Click either name above to swap in a different company.
Borealis Foods Inc. is the larger business by last-quarter revenue ($7.1M vs $5.6M, roughly 1.3× PIONEER POWER SOLUTIONS, INC.). PIONEER POWER SOLUTIONS, INC. runs the higher net margin — -24.7% vs -53.2%, a 28.5% gap on every dollar of revenue. On growth, Borealis Foods Inc. posted the faster year-over-year revenue change (-12.0% vs -42.3%). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -2.4%).
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.
BRLS vs PPSI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $5.6M |
| Net Profit | $-3.8M | $-1.4M |
| Gross Margin | 14.6% | 23.5% |
| Operating Margin | -27.1% | -19.4% |
| Net Margin | -53.2% | -24.7% |
| Revenue YoY | -12.0% | -42.3% |
| Net Profit YoY | 21.8% | -103.8% |
| EPS (diluted) | $-0.18 | $-0.12 |
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.
| Q4 25 | — | $5.6M | ||
| Q3 25 | $7.1M | $6.9M | ||
| Q2 25 | $7.2M | $8.4M | ||
| Q1 25 | $6.8M | $6.7M | ||
| Q4 24 | $6.8M | $9.8M | ||
| Q3 24 | $8.1M | $6.4M | ||
| Q2 24 | $5.5M | $3.4M | ||
| Q1 24 | $7.9M | $3.3M |
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $-3.8M | $-2.4M | ||
| Q2 25 | $-4.6M | $-1.3M | ||
| Q1 25 | $-4.2M | $-929.0K | ||
| Q4 24 | $-5.8M | $36.3M | ||
| Q3 24 | $-4.8M | $-1.1M | ||
| Q2 24 | $-6.3M | $-2.3M | ||
| Q1 24 | $-8.4M | $-1.0M |
| Q4 25 | — | 23.5% | ||
| Q3 25 | 14.6% | 9.3% | ||
| Q2 25 | 7.2% | 15.7% | ||
| Q1 25 | 13.1% | 2.2% | ||
| Q4 24 | 3.7% | 28.9% | ||
| Q3 24 | 15.8% | 23.7% | ||
| Q2 24 | 7.7% | 18.9% | ||
| Q1 24 | 3.1% | 16.1% |
| Q4 25 | — | -19.4% | ||
| Q3 25 | -27.1% | -21.0% | ||
| Q2 25 | -46.7% | -20.4% | ||
| Q1 25 | -42.6% | -34.8% | ||
| Q4 24 | -68.4% | -11.0% | ||
| Q3 24 | -44.8% | -11.1% | ||
| Q2 24 | -94.8% | -51.1% | ||
| Q1 24 | -88.3% | -52.1% |
| Q4 25 | — | -24.7% | ||
| Q3 25 | -53.2% | -34.1% | ||
| Q2 25 | -64.0% | -15.9% | ||
| Q1 25 | -61.2% | -13.8% | ||
| Q4 24 | -85.3% | 372.1% | ||
| Q3 24 | -59.8% | -17.5% | ||
| Q2 24 | -115.0% | -67.2% | ||
| Q1 24 | -106.8% | -31.2% |
| Q4 25 | — | $-0.12 | ||
| Q3 25 | $-0.18 | $-0.21 | ||
| Q2 25 | $0.21 | $-0.12 | ||
| Q1 25 | $-0.20 | $-0.09 | ||
| Q4 24 | $-0.82 | $3.31 | ||
| Q3 24 | $-0.23 | $-0.10 | ||
| Q2 24 | $0.29 | $-0.21 | ||
| Q1 24 | $-0.49 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $29.3M |
| Total Assets | $56.3M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $25.8M | ||
| Q4 24 | — | $41.6M | ||
| Q3 24 | — | $3.1M | ||
| Q2 24 | — | $6.5M | ||
| Q1 24 | — | $6.2M |
| Q4 25 | — | $29.3M | ||
| Q3 25 | $-12.9M | $30.7M | ||
| Q2 25 | $-9.2M | $33.0M | ||
| Q1 25 | $-4.8M | $34.5M | ||
| Q4 24 | $-695.9K | $35.4M | ||
| Q3 24 | $5.1M | $14.7M | ||
| Q2 24 | $9.9M | $15.8M | ||
| Q1 24 | $16.2M | $18.1M |
| Q4 25 | — | $35.5M | ||
| Q3 25 | $56.3M | $37.6M | ||
| Q2 25 | $57.3M | $39.1M | ||
| Q1 25 | $58.4M | $47.5M | ||
| Q4 24 | $60.0M | $66.0M | ||
| Q3 24 | $61.9M | $40.1M | ||
| Q2 24 | $63.6M | $38.0M | ||
| Q1 24 | $70.3M | $39.3M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-190.6K | $-1.0M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -38.8% |
| Capex IntensityCapex / Revenue | — | 20.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.0M | ||
| Q3 25 | $-190.6K | $-817.0K | ||
| Q2 25 | $-2.2M | $-5.5M | ||
| Q1 25 | $-1.4M | $1.5M | ||
| Q4 24 | $-819.4K | $-2.1M | ||
| Q3 24 | $-3.3M | $-2.7M | ||
| Q2 24 | $-4.2M | $571.0K | ||
| Q1 24 | $-6.8M | $-1.9M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-1.6M | ||
| Q2 25 | — | $-5.6M | ||
| Q1 25 | $-1.4M | $907.0K | ||
| Q4 24 | $-951.6K | $-4.6M | ||
| Q3 24 | $-3.7M | $-3.4M | ||
| Q2 24 | $-4.7M | $170.0K | ||
| Q1 24 | $-7.3M | $-2.2M |
| Q4 25 | — | -38.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | -67.0% | ||
| Q1 25 | -20.3% | 13.5% | ||
| Q4 24 | -14.1% | -46.9% | ||
| Q3 24 | -46.1% | -53.0% | ||
| Q2 24 | -86.7% | 5.0% | ||
| Q1 24 | -92.7% | -65.2% |
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | 0.2% | 8.8% | ||
| Q4 24 | 2.0% | 25.4% | ||
| Q3 24 | 5.6% | 10.3% | ||
| Q2 24 | 9.4% | 11.8% | ||
| Q1 24 | 7.0% | 6.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRLS
Segment breakdown not available.
PPSI
| Total Revenue | $4.0M | 70% |
| Other | $1.7M | 30% |
