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Side-by-side financial comparison of CMB.TECH NV (CMBT) and Samsara Inc. (IOT). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $416.0M, roughly 1.4× Samsara Inc.). CMB.TECH NV runs the higher net margin — 32.3% vs 1.9%, a 30.4% gap on every dollar of revenue. On growth, Samsara Inc. posted the faster year-over-year revenue change (29.2% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

Samsara Inc. is an American IoT company headquartered in San Francisco, California, that provides telematics software and insights for physical operations. The company has customers across North America and Europe. Samsara developed a connected operations cloud platform that provides insights to physical operations organizations in the transportation, construction, energy, utilities, public sector and retail industries, and supports the safety and efficiency of those operations.

CMBT vs IOT — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.4× larger
CMBT
$592.8M
$416.0M
IOT
Growing faster (revenue YoY)
IOT
IOT
+63.8% gap
IOT
29.2%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
30.4% more per $
CMBT
32.3%
1.9%
IOT

Income Statement — Q4 FY2024 vs Q3 FY2026

Metric
CMBT
CMBT
IOT
IOT
Revenue
$592.8M
$416.0M
Net Profit
$191.2M
$7.8M
Gross Margin
76.7%
Operating Margin
46.4%
-0.4%
Net Margin
32.3%
1.9%
Revenue YoY
-34.6%
29.2%
Net Profit YoY
-63.3%
120.5%
EPS (diluted)
$1.01
$0.01

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
CMBT
CMBT
IOT
IOT
Q4 25
$416.0M
Q3 25
$391.5M
Q2 25
$366.9M
Q1 25
$346.3M
Q4 24
$592.8M
$322.0M
Q3 24
$300.2M
Q2 24
$280.7M
Q1 24
$276.3M
Net Profit
CMBT
CMBT
IOT
IOT
Q4 25
$7.8M
Q3 25
$-16.8M
Q2 25
$-22.1M
Q1 25
$-11.2M
Q4 24
$191.2M
$-37.8M
Q3 24
$-49.6M
Q2 24
$-56.3M
Q1 24
$-113.4M
Gross Margin
CMBT
CMBT
IOT
IOT
Q4 25
76.7%
Q3 25
76.9%
Q2 25
77.3%
Q1 25
76.8%
Q4 24
76.4%
Q3 24
75.6%
Q2 24
75.6%
Q1 24
75.0%
Operating Margin
CMBT
CMBT
IOT
IOT
Q4 25
-0.4%
Q3 25
-6.8%
Q2 25
-9.1%
Q1 25
-5.3%
Q4 24
46.4%
-14.7%
Q3 24
-19.4%
Q2 24
-23.5%
Q1 24
-44.5%
Net Margin
CMBT
CMBT
IOT
IOT
Q4 25
1.9%
Q3 25
-4.3%
Q2 25
-6.0%
Q1 25
-3.2%
Q4 24
32.3%
-11.7%
Q3 24
-16.5%
Q2 24
-20.1%
Q1 24
-41.0%
EPS (diluted)
CMBT
CMBT
IOT
IOT
Q4 25
$0.01
Q3 25
$-0.03
Q2 25
$-0.04
Q1 25
$-0.02
Q4 24
$1.01
$-0.07
Q3 24
$-0.09
Q2 24
$-0.10
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
IOT
IOT
Cash + ST InvestmentsLiquidity on hand
$38.9M
$275.1M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$1.3B
Total Assets
$3.9B
$2.3B
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
IOT
IOT
Q4 25
$275.1M
Q3 25
$258.5M
Q2 25
$259.0M
Q1 25
$227.6M
Q4 24
$38.9M
$160.3M
Q3 24
$159.3M
Q2 24
$162.5M
Q1 24
$135.5M
Total Debt
CMBT
CMBT
IOT
IOT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CMBT
CMBT
IOT
IOT
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.2B
$999.1M
Q3 24
$964.7M
Q2 24
$923.9M
Q1 24
$915.1M
Total Assets
CMBT
CMBT
IOT
IOT
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$3.9B
$1.9B
Q3 24
$1.8B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
CMBT
CMBT
IOT
IOT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CMBT
CMBT
IOT
IOT
Operating Cash FlowLast quarter
$204.4M
$63.7M
Free Cash FlowOCF − Capex
$55.8M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
1.07×
8.20×
TTM Free Cash FlowTrailing 4 quarters
$194.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
IOT
IOT
Q4 25
$63.7M
Q3 25
$50.2M
Q2 25
$52.6M
Q1 25
$53.9M
Q4 24
$204.4M
$36.0M
Q3 24
$18.1M
Q2 24
$23.7M
Q1 24
$-41.9M
Free Cash Flow
CMBT
CMBT
IOT
IOT
Q4 25
$55.8M
Q3 25
$44.2M
Q2 25
$45.7M
Q1 25
$48.5M
Q4 24
$31.2M
Q3 24
$13.1M
Q2 24
$18.6M
Q1 24
$-44.0M
FCF Margin
CMBT
CMBT
IOT
IOT
Q4 25
13.4%
Q3 25
11.3%
Q2 25
12.5%
Q1 25
14.0%
Q4 24
9.7%
Q3 24
4.4%
Q2 24
6.6%
Q1 24
-15.9%
Capex Intensity
CMBT
CMBT
IOT
IOT
Q4 25
1.9%
Q3 25
1.5%
Q2 25
1.9%
Q1 25
1.5%
Q4 24
1.5%
Q3 24
1.7%
Q2 24
1.8%
Q1 24
0.8%
Cash Conversion
CMBT
CMBT
IOT
IOT
Q4 25
8.20×
Q3 25
Q2 25
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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