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Side-by-side financial comparison of GRAHAM CORP (GHM) 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 $56.7M, roughly 1.5× GRAHAM CORP). GRAHAM CORP runs the higher net margin — 5.0% vs -3.2%, a 8.2% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -14.9%). GRAHAM CORP produced more free cash flow last quarter ($2.4M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 7.5%).
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
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.
GHM vs IQST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $56.7M | $84.2M |
| Net Profit | $2.8M | $-2.7M |
| Gross Margin | 23.8% | 3.5% |
| Operating Margin | 5.5% | -2.9% |
| Net Margin | 5.0% | -3.2% |
| Revenue YoY | 20.5% | -14.9% |
| Net Profit YoY | 79.2% | -44.5% |
| EPS (diluted) | $0.25 | $-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.
| Q4 25 | $56.7M | $84.2M | ||
| Q3 25 | $66.0M | $102.9M | ||
| Q2 25 | $55.5M | $72.2M | ||
| Q1 25 | $59.3M | $57.6M | ||
| Q4 24 | $47.0M | $98.9M | ||
| Q3 24 | $53.6M | $54.2M | ||
| Q2 24 | $50.0M | $78.6M | ||
| Q1 24 | $49.1M | $51.4M |
| Q4 25 | $2.8M | $-2.7M | ||
| Q3 25 | $3.1M | $-2.3M | ||
| Q2 25 | $4.6M | $-2.3M | ||
| Q1 25 | $4.4M | $-1.1M | ||
| Q4 24 | $1.6M | $-1.9M | ||
| Q3 24 | $3.3M | $-773.0K | ||
| Q2 24 | $3.0M | $-2.0M | ||
| Q1 24 | $1.3M | $-580.2K |
| Q4 25 | 23.8% | 3.5% | ||
| Q3 25 | 21.7% | 2.7% | ||
| Q2 25 | 26.5% | 2.6% | ||
| Q1 25 | 27.0% | 3.4% | ||
| Q4 24 | 24.8% | 2.7% | ||
| Q3 24 | 23.9% | 3.7% | ||
| Q2 24 | 24.8% | 2.8% | ||
| Q1 24 | 25.9% | 2.7% |
| Q4 25 | 5.5% | -2.9% | ||
| Q3 25 | 6.5% | -0.5% | ||
| Q2 25 | 8.9% | -0.9% | ||
| Q1 25 | 9.3% | -1.0% | ||
| Q4 24 | 4.7% | -0.3% | ||
| Q3 24 | 7.9% | -0.1% | ||
| Q2 24 | 6.5% | -0.4% | ||
| Q1 24 | 3.1% | -0.4% |
| Q4 25 | 5.0% | -3.2% | ||
| Q3 25 | 4.7% | -2.3% | ||
| Q2 25 | 8.3% | -3.3% | ||
| Q1 25 | 7.4% | -2.0% | ||
| Q4 24 | 3.4% | -1.9% | ||
| Q3 24 | 6.1% | -1.4% | ||
| Q2 24 | 5.9% | -2.5% | ||
| Q1 24 | 2.7% | -1.1% |
| Q4 25 | $0.25 | $-0.92 | ||
| Q3 25 | $0.28 | $-0.68 | ||
| Q2 25 | $0.42 | $-0.82 | ||
| Q1 25 | $0.40 | $-0.44 | ||
| Q4 24 | $0.14 | $-1.19 | ||
| Q3 24 | $0.30 | $-0.40 | ||
| Q2 24 | $0.27 | $-0.90 | ||
| Q1 24 | $0.11 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.3M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $131.3M | $16.3M |
| Total Assets | $292.9M | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.3M | $2.2M | ||
| Q3 25 | $20.6M | $2.3M | ||
| Q2 25 | $10.8M | $2.0M | ||
| Q1 25 | $21.6M | $1.1M | ||
| Q4 24 | $30.0M | $2.5M | ||
| Q3 24 | $32.3M | $2.1M | ||
| Q2 24 | $21.6M | $797.2K | ||
| Q1 24 | $16.9M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $131.3M | $16.3M | ||
| Q3 25 | $127.6M | $17.9M | ||
| Q2 25 | $123.4M | $14.3M | ||
| Q1 25 | $119.6M | $11.6M | ||
| Q4 24 | $114.4M | $11.9M | ||
| Q3 24 | $112.5M | $8.1M | ||
| Q2 24 | $108.2M | $7.6M | ||
| Q1 24 | $105.6M | $8.4M |
| Q4 25 | $292.9M | $51.1M | ||
| Q3 25 | $287.0M | $46.9M | ||
| Q2 25 | $252.3M | $51.4M | ||
| Q1 25 | $264.1M | $42.0M | ||
| Q4 24 | $264.3M | $79.0M | ||
| Q3 24 | $249.5M | $32.4M | ||
| Q2 24 | $244.2M | $30.0M | ||
| Q1 24 | $233.9M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.8M | $-1.2M |
| Free Cash FlowOCF − Capex | $2.4M | $-1.2M |
| FCF MarginFCF / Revenue | 4.3% | -1.5% |
| Capex IntensityCapex / Revenue | 4.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-6.1M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.8M | $-1.2M | ||
| Q3 25 | $13.6M | $-953.0K | ||
| Q2 25 | $-2.3M | $257.7K | ||
| Q1 25 | $-3.6M | $-1.9M | ||
| Q4 24 | $5.2M | $-403.7K | ||
| Q3 24 | $13.9M | $625.0K | ||
| Q2 24 | $8.7M | $-2.6M | ||
| Q1 24 | $8.6M | $-536.9K |
| Q4 25 | $2.4M | $-1.2M | ||
| Q3 25 | $9.4M | $-969.2K | ||
| Q2 25 | $-9.3M | $211.7K | ||
| Q1 25 | $-8.7M | $-2.0M | ||
| Q4 24 | $-2.1M | $-421.3K | ||
| Q3 24 | $10.4M | $594.5K | ||
| Q2 24 | $5.7M | $-2.6M | ||
| Q1 24 | $4.6M | $-608.5K |
| Q4 25 | 4.3% | -1.5% | ||
| Q3 25 | 14.3% | -0.9% | ||
| Q2 25 | -16.7% | 0.3% | ||
| Q1 25 | -14.7% | -3.4% | ||
| Q4 24 | -4.5% | -0.4% | ||
| Q3 24 | 19.5% | 1.1% | ||
| Q2 24 | 11.5% | -3.4% | ||
| Q1 24 | 9.4% | -1.2% |
| Q4 25 | 4.1% | 0.0% | ||
| Q3 25 | 6.3% | 0.0% | ||
| Q2 25 | 12.6% | 0.1% | ||
| Q1 25 | 8.7% | 0.1% | ||
| Q4 24 | 15.6% | 0.0% | ||
| Q3 24 | 6.5% | 0.1% | ||
| Q2 24 | 6.0% | 0.0% | ||
| Q1 24 | 8.2% | 0.1% |
| Q4 25 | 1.67× | — | ||
| Q3 25 | 4.40× | — | ||
| Q2 25 | -0.49× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 3.29× | — | ||
| Q3 24 | 4.25× | — | ||
| Q2 24 | 2.94× | — | ||
| Q1 24 | 6.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
