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Side-by-side financial comparison of EASTERN CO (EML) and iQSTEL Inc (IQST). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $55.3M, roughly 1.5× EASTERN CO). EASTERN CO runs the higher net margin — 1.0% vs -3.2%, a 4.2% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -22.4%). EASTERN CO produced more free cash flow last quarter ($3.1M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -0.6%).

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

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.

EML vs IQST — Head-to-Head

Bigger by revenue
IQST
IQST
1.5× larger
IQST
$84.2M
$55.3M
EML
Growing faster (revenue YoY)
IQST
IQST
+7.5% gap
IQST
-14.9%
-22.4%
EML
Higher net margin
EML
EML
4.2% more per $
EML
1.0%
-3.2%
IQST
More free cash flow
EML
EML
$4.3M more FCF
EML
$3.1M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
-0.6%
EML

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EML
EML
IQST
IQST
Revenue
$55.3M
$84.2M
Net Profit
$578.9K
$-2.7M
Gross Margin
22.3%
3.5%
Operating Margin
3.1%
-2.9%
Net Margin
1.0%
-3.2%
Revenue YoY
-22.4%
-14.9%
Net Profit YoY
103.8%
-44.5%
EPS (diluted)
$0.10
$-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
EML
EML
IQST
IQST
Q4 25
$84.2M
Q3 25
$55.3M
$102.9M
Q2 25
$70.2M
$72.2M
Q1 25
$63.3M
$57.6M
Q4 24
$64.3M
$98.9M
Q3 24
$71.3M
$54.2M
Q2 24
$72.6M
$78.6M
Q1 24
$64.6M
$51.4M
Net Profit
EML
EML
IQST
IQST
Q4 25
$-2.7M
Q3 25
$578.9K
$-2.3M
Q2 25
$3.4M
$-2.3M
Q1 25
$1.9M
$-1.1M
Q4 24
$1.3M
$-1.9M
Q3 24
$-15.3M
$-773.0K
Q2 24
$3.5M
$-2.0M
Q1 24
$1.9M
$-580.2K
Gross Margin
EML
EML
IQST
IQST
Q4 25
3.5%
Q3 25
22.3%
2.7%
Q2 25
23.3%
2.6%
Q1 25
22.4%
3.4%
Q4 24
23.6%
2.7%
Q3 24
25.5%
3.7%
Q2 24
25.4%
2.8%
Q1 24
23.9%
2.7%
Operating Margin
EML
EML
IQST
IQST
Q4 25
-2.9%
Q3 25
3.1%
-0.5%
Q2 25
4.5%
-0.9%
Q1 25
5.1%
-1.0%
Q4 24
6.1%
-0.3%
Q3 24
9.5%
-0.1%
Q2 24
8.3%
-0.4%
Q1 24
5.3%
-0.4%
Net Margin
EML
EML
IQST
IQST
Q4 25
-3.2%
Q3 25
1.0%
-2.3%
Q2 25
4.9%
-3.3%
Q1 25
3.1%
-2.0%
Q4 24
2.0%
-1.9%
Q3 24
-21.5%
-1.4%
Q2 24
4.8%
-2.5%
Q1 24
3.0%
-1.1%
EPS (diluted)
EML
EML
IQST
IQST
Q4 25
$-0.92
Q3 25
$0.10
$-0.68
Q2 25
$0.56
$-0.82
Q1 25
$0.32
$-0.44
Q4 24
$0.22
$-1.19
Q3 24
$-2.46
$-0.40
Q2 24
$0.56
$-0.90
Q1 24
$0.31
$-0.37

Balance Sheet & Financial Strength

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

Metric
EML
EML
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$9.2M
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$124.3M
$16.3M
Total Assets
$220.0M
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
IQST
IQST
Q4 25
$2.2M
Q3 25
$9.2M
$2.3M
Q2 25
$9.1M
$2.0M
Q1 25
$10.2M
$1.1M
Q4 24
$16.1M
$2.5M
Q3 24
$9.7M
$2.1M
Q2 24
$2.0M
$797.2K
Q1 24
$2.1M
$2.7M
Total Debt
EML
EML
IQST
IQST
Q4 25
$4.1M
Q3 25
$2.7M
Q2 25
$4.5M
Q1 25
$3.5M
Q4 24
$42.2M
$2.5M
Q3 24
$3.2M
Q2 24
$2.5M
Q1 24
$194.0K
Stockholders' Equity
EML
EML
IQST
IQST
Q4 25
$16.3M
Q3 25
$124.3M
$17.9M
Q2 25
$124.4M
$14.3M
Q1 25
$121.0M
$11.6M
Q4 24
$120.7M
$11.9M
Q3 24
$119.2M
$8.1M
Q2 24
$136.5M
$7.6M
Q1 24
$134.5M
$8.4M
Total Assets
EML
EML
IQST
IQST
Q4 25
$51.1M
Q3 25
$220.0M
$46.9M
Q2 25
$229.4M
$51.4M
Q1 25
$232.3M
$42.0M
Q4 24
$235.3M
$79.0M
Q3 24
$244.2M
$32.4M
Q2 24
$255.9M
$30.0M
Q1 24
$253.9M
$22.1M
Debt / Equity
EML
EML
IQST
IQST
Q4 25
0.25×
Q3 25
0.15×
Q2 25
0.31×
Q1 25
0.31×
Q4 24
0.35×
0.21×
Q3 24
0.40×
Q2 24
0.34×
Q1 24
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
EML
EML
IQST
IQST
Operating Cash FlowLast quarter
$3.1M
$-1.2M
Free Cash FlowOCF − Capex
$3.1M
$-1.2M
FCF MarginFCF / Revenue
5.5%
-1.5%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
IQST
IQST
Q4 25
$-1.2M
Q3 25
$3.1M
$-953.0K
Q2 25
$3.8M
$257.7K
Q1 25
$-1.8M
$-1.9M
Q4 24
$11.0M
$-403.7K
Q3 24
$-2.9M
$625.0K
Q2 24
$8.4M
$-2.6M
Q1 24
$2.8M
$-536.9K
Free Cash Flow
EML
EML
IQST
IQST
Q4 25
$-1.2M
Q3 25
$3.1M
$-969.2K
Q2 25
$3.0M
$211.7K
Q1 25
$-2.7M
$-2.0M
Q4 24
$9.0M
$-421.3K
Q3 24
$-7.7M
$594.5K
Q2 24
$7.3M
$-2.6M
Q1 24
$1.1M
$-608.5K
FCF Margin
EML
EML
IQST
IQST
Q4 25
-1.5%
Q3 25
5.5%
-0.9%
Q2 25
4.3%
0.3%
Q1 25
-4.3%
-3.4%
Q4 24
13.9%
-0.4%
Q3 24
-10.8%
1.1%
Q2 24
10.1%
-3.4%
Q1 24
1.7%
-1.2%
Capex Intensity
EML
EML
IQST
IQST
Q4 25
0.0%
Q3 25
0.1%
0.0%
Q2 25
1.1%
0.1%
Q1 25
1.3%
0.1%
Q4 24
3.2%
0.0%
Q3 24
6.7%
0.1%
Q2 24
1.5%
0.0%
Q1 24
2.6%
0.1%
Cash Conversion
EML
EML
IQST
IQST
Q4 25
Q3 25
5.38×
Q2 25
1.09×
Q1 25
-0.95×
Q4 24
8.41×
Q3 24
Q2 24
2.40×
Q1 24
1.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EML
EML

Segment breakdown not available.

IQST
IQST

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

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