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Side-by-side financial comparison of GREENPOWER MOTOR Co INC. (GP) and NextPlat Corp (NXPL). Click either name above to swap in a different company.

NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $7.2M, roughly 1.8× GREENPOWER MOTOR Co INC.). NextPlat Corp runs the higher net margin — -40.2% vs -65.6%, a 25.5% gap on every dollar of revenue. On growth, GREENPOWER MOTOR Co INC. posted the faster year-over-year revenue change (-11.5% vs -21.1%).

GreenPower Motor Company Inc. is a Canadian electric bus manufacturer and distributor in North America. The company fabricates multiple zero-emission models, including transit buses, school buses, and double decker buses. GreenPower headquarters are in Vancouver, British Columbia, with a sales office in Rancho Cucamonga, California; an assembly facility in Porterville, California; and a production facility in South Charleston, West Virginia. Its stock is traded on Nasdaq the United States.

GP vs NXPL — Head-to-Head

Bigger by revenue
NXPL
NXPL
1.8× larger
NXPL
$12.8M
$7.2M
GP
Growing faster (revenue YoY)
GP
GP
+9.6% gap
GP
-11.5%
-21.1%
NXPL
Higher net margin
NXPL
NXPL
25.5% more per $
NXPL
-40.2%
-65.6%
GP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GP
GP
NXPL
NXPL
Revenue
$7.2M
$12.8M
Net Profit
$-4.7M
$-5.1M
Gross Margin
14.6%
14.3%
Operating Margin
-28.9%
Net Margin
-65.6%
-40.2%
Revenue YoY
-11.5%
-21.1%
Net Profit YoY
-2.1%
-70.6%
EPS (diluted)
$-0.17

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
GP
GP
NXPL
NXPL
Q4 25
$12.8M
Q3 25
$13.8M
Q2 25
$13.2M
Q1 25
$14.5M
Q4 24
$7.2M
$16.2M
Q3 24
$5.3M
$15.4M
Q2 24
$3.0M
$17.0M
Q1 24
$17.5M
Net Profit
GP
GP
NXPL
NXPL
Q4 25
$-5.1M
Q3 25
$-2.2M
Q2 25
$-1.8M
Q1 25
$-1.3M
Q4 24
$-4.7M
$-3.0M
Q3 24
$-4.7M
$-4.2M
Q2 24
$-5.4M
$-5.3M
Q1 24
$-1.5M
Gross Margin
GP
GP
NXPL
NXPL
Q4 25
14.3%
Q3 25
19.9%
Q2 25
21.8%
Q1 25
23.8%
Q4 24
14.6%
16.8%
Q3 24
8.6%
23.2%
Q2 24
7.4%
34.5%
Q1 24
27.8%
Operating Margin
GP
GP
NXPL
NXPL
Q4 25
-28.9%
Q3 25
-14.5%
Q2 25
-13.8%
Q1 25
-10.2%
Q4 24
-14.1%
Q3 24
-52.1%
Q2 24
-64.1%
Q1 24
-10.5%
Net Margin
GP
GP
NXPL
NXPL
Q4 25
-40.2%
Q3 25
-15.9%
Q2 25
-13.5%
Q1 25
-9.2%
Q4 24
-65.6%
-18.6%
Q3 24
-87.9%
-27.4%
Q2 24
-179.8%
-31.3%
Q1 24
-8.5%
EPS (diluted)
GP
GP
NXPL
NXPL
Q4 25
Q3 25
Q2 25
Q1 25
$-0.05
Q4 24
$-0.17
Q3 24
$-0.18
$-0.22
Q2 24
$-0.21
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
GP
GP
NXPL
NXPL
Cash + ST InvestmentsLiquidity on hand
$621.1K
$13.7M
Total DebtLower is stronger
$1.3M
Stockholders' EquityBook value
$2.1M
$17.3M
Total Assets
$37.4M
$27.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GP
GP
NXPL
NXPL
Q4 25
$13.7M
Q3 25
$13.9M
Q2 25
$16.6M
Q1 25
$17.7M
Q4 24
$621.1K
$20.0M
Q3 24
$116.9K
$20.4M
Q2 24
$528.3K
$24.9M
Q1 24
$23.5M
Total Debt
GP
GP
NXPL
NXPL
Q4 25
$1.3M
Q3 25
$1.2M
Q2 25
$1.2M
Q1 25
$1.3M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$1.3M
Q1 24
$1.4M
Stockholders' Equity
GP
GP
NXPL
NXPL
Q4 25
$17.3M
Q3 25
$21.4M
Q2 25
$23.5M
Q1 25
$25.3M
Q4 24
$2.1M
$27.3M
Q3 24
$4.2M
$22.5M
Q2 24
$8.6M
$26.5M
Q1 24
$31.2M
Total Assets
GP
GP
NXPL
NXPL
Q4 25
$27.5M
Q3 25
$30.0M
Q2 25
$31.0M
Q1 25
$35.2M
Q4 24
$37.4M
$37.1M
Q3 24
$39.4M
$41.1M
Q2 24
$43.5M
$51.5M
Q1 24
$65.1M
Debt / Equity
GP
GP
NXPL
NXPL
Q4 25
0.07×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.07×
Q2 24
0.05×
Q1 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
GP
GP
NXPL
NXPL
Operating Cash FlowLast quarter
$-1.1M
$-302.0K
Free Cash FlowOCF − Capex
$-339.0K
FCF MarginFCF / Revenue
-2.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GP
GP
NXPL
NXPL
Q4 25
$-302.0K
Q3 25
$-2.7M
Q2 25
$-1.0M
Q1 25
$-2.1M
Q4 24
$-1.1M
$-476.0K
Q3 24
$-1.3M
$-4.6M
Q2 24
$-3.2M
$2.3M
Q1 24
$-2.7M
Free Cash Flow
GP
GP
NXPL
NXPL
Q4 25
$-339.0K
Q3 25
Q2 25
$-1.1M
Q1 25
$-2.1M
Q4 24
$-508.0K
Q3 24
$-4.7M
Q2 24
$2.2M
Q1 24
$-2.7M
FCF Margin
GP
GP
NXPL
NXPL
Q4 25
-2.6%
Q3 25
Q2 25
-8.0%
Q1 25
-14.3%
Q4 24
-3.1%
Q3 24
-30.6%
Q2 24
13.2%
Q1 24
-15.7%
Capex Intensity
GP
GP
NXPL
NXPL
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.6%
Q2 24
0.4%
Q1 24
0.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

GP
GP

Segment breakdown not available.

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

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