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Side-by-side financial comparison of INSEEGO CORP. (INSG) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $48.4M, roughly 1.6× INSEEGO CORP.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 0.6%). INSEEGO CORP. produced more free cash flow last quarter ($11.6M vs $5.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 13.6%).
Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global markets.
INSG vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $75.2M |
| Net Profit | $469.0K | — |
| Gross Margin | 42.2% | 37.7% |
| Operating Margin | 2.7% | 16.7% |
| Net Margin | 1.0% | — |
| Revenue YoY | 0.6% | 30.7% |
| Net Profit YoY | 182.9% | — |
| EPS (diluted) | $-0.02 | $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.
| Q4 25 | $48.4M | $75.2M | ||
| Q3 25 | $45.9M | $68.8M | ||
| Q2 25 | $40.2M | $68.2M | ||
| Q1 25 | $31.7M | $64.8M | ||
| Q4 24 | $48.1M | $57.5M | ||
| Q3 24 | $54.0M | $44.2M | ||
| Q2 24 | $51.6M | $66.8M | ||
| Q1 24 | $37.5M | $49.0M |
| Q4 25 | $469.0K | — | ||
| Q3 25 | $1.4M | $5.7M | ||
| Q2 25 | $507.0K | $8.7M | ||
| Q1 25 | $-1.6M | $10.0M | ||
| Q4 24 | $-566.0K | — | ||
| Q3 24 | $9.0M | $-174.3M | ||
| Q2 24 | $624.0K | $8.0M | ||
| Q1 24 | $-4.5M | $7.3M |
| Q4 25 | 42.2% | 37.7% | ||
| Q3 25 | 41.6% | 31.9% | ||
| Q2 25 | 41.1% | 36.9% | ||
| Q1 25 | 47.3% | 39.0% | ||
| Q4 24 | 37.3% | 39.2% | ||
| Q3 24 | 34.8% | 27.5% | ||
| Q2 24 | 36.4% | 37.2% | ||
| Q1 24 | 35.3% | 36.0% |
| Q4 25 | 2.7% | 16.7% | ||
| Q3 25 | 4.7% | 13.2% | ||
| Q2 25 | 3.2% | 17.0% | ||
| Q1 25 | -1.3% | 20.9% | ||
| Q4 24 | 3.7% | 20.2% | ||
| Q3 24 | 1.9% | 2.8% | ||
| Q2 24 | 3.6% | 18.7% | ||
| Q1 24 | -7.9% | 14.2% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 3.1% | 8.2% | ||
| Q2 25 | 1.3% | 12.7% | ||
| Q1 25 | -5.0% | 15.4% | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 16.6% | -394.3% | ||
| Q2 24 | 1.2% | 12.0% | ||
| Q1 24 | -11.9% | 14.9% |
| Q4 25 | $-0.02 | $0.17 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.10 | ||
| Q1 25 | $-0.16 | $0.11 | ||
| Q4 24 | $0.62 | $0.10 | ||
| Q3 24 | $-0.06 | $-1.99 | ||
| Q2 24 | $-0.02 | $0.09 | ||
| Q1 24 | $-0.44 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.9M | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $-4.0M | $351.2M |
| Total Assets | $93.8M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.9M | $5.1M | ||
| Q3 25 | $14.6M | $35.6M | ||
| Q2 25 | $13.2M | $26.0M | ||
| Q1 25 | $35.1M | $20.8M | ||
| Q4 24 | $39.6M | $17.8M | ||
| Q3 24 | $12.0M | $42.9M | ||
| Q2 24 | $49.0M | $35.1M | ||
| Q1 24 | $12.3M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $-4.0M | $351.2M | ||
| Q3 25 | $-7.7M | $333.9M | ||
| Q2 25 | $-10.5M | $328.8M | ||
| Q1 25 | $-13.0M | $326.9M | ||
| Q4 24 | $-12.9M | $326.5M | ||
| Q3 24 | $-85.1M | $316.5M | ||
| Q2 24 | $-101.8M | $426.6M | ||
| Q1 24 | $-105.6M | $421.6M |
| Q4 25 | $93.8M | $441.8M | ||
| Q3 25 | $85.8M | $404.5M | ||
| Q2 25 | $83.1M | $393.7M | ||
| Q1 25 | $93.0M | $390.0M | ||
| Q4 24 | $100.0M | $393.7M | ||
| Q3 24 | $113.4M | $389.6M | ||
| Q2 24 | $149.6M | $624.8M | ||
| Q1 24 | $122.1M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $12.0M | $18.0M |
| Free Cash FlowOCF − Capex | $11.6M | $5.8M |
| FCF MarginFCF / Revenue | 24.0% | 7.6% |
| Capex IntensityCapex / Revenue | 0.7% | 16.3% |
| Cash ConversionOCF / Net Profit | 25.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.5M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $18.0M | ||
| Q3 25 | $3.2M | $24.7M | ||
| Q2 25 | $-4.5M | $21.4M | ||
| Q1 25 | $-3.5M | $8.8M | ||
| Q4 24 | $-14.2M | $-4.1M | ||
| Q3 24 | $14.8M | $2.8M | ||
| Q2 24 | $27.6M | $27.6M | ||
| Q1 24 | $5.2M | $11.9M |
| Q4 25 | $11.6M | $5.8M | ||
| Q3 25 | $3.1M | $12.0M | ||
| Q2 25 | $-4.7M | $9.7M | ||
| Q1 25 | $-3.5M | $-1.2M | ||
| Q4 24 | $-14.3M | $-17.7M | ||
| Q3 24 | $14.8M | $-6.7M | ||
| Q2 24 | $27.6M | $21.0M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | 24.0% | 7.6% | ||
| Q3 25 | 6.7% | 17.4% | ||
| Q2 25 | -11.6% | 14.3% | ||
| Q1 25 | -11.0% | -1.8% | ||
| Q4 24 | -29.7% | -30.8% | ||
| Q3 24 | 27.4% | -15.2% | ||
| Q2 24 | 53.5% | 31.4% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | 0.7% | 16.3% | ||
| Q3 25 | 0.2% | 18.5% | ||
| Q2 25 | 0.5% | 17.1% | ||
| Q1 25 | 0.1% | 15.5% | ||
| Q4 24 | 0.1% | 23.6% | ||
| Q3 24 | 0.0% | 21.4% | ||
| Q2 24 | 0.0% | 9.9% | ||
| Q1 24 | 0.0% | 28.3% |
| Q4 25 | 25.50× | — | ||
| Q3 25 | 2.22× | 4.37× | ||
| Q2 25 | -8.81× | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.65× | — | ||
| Q2 24 | 44.31× | 3.43× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INSG
Segment breakdown not available.
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
