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Side-by-side financial comparison of iPower Inc. (IPW) and MDxHealth SA (MDXH). Click either name above to swap in a different company.

MDxHealth SA is the larger business by last-quarter revenue ($19.8M vs $12.0M, roughly 1.7× iPower Inc.).

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

MDxHealth SA is a global molecular diagnostics company specializing in non-invasive precision oncology tests focused primarily on urological cancers including prostate and bladder cancer. It operates across key markets in North America and Europe, providing clinicians with actionable diagnostic insights to guide personalized treatment decisions, reduce unnecessary invasive procedures, and improve patient care outcomes.

IPW vs MDXH — Head-to-Head

Bigger by revenue
MDXH
MDXH
1.7× larger
MDXH
$19.8M
$12.0M
IPW

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
IPW
IPW
MDXH
MDXH
Revenue
$12.0M
$19.8M
Net Profit
Gross Margin
40.0%
60.8%
Operating Margin
-14.1%
-33.3%
Net Margin
Revenue YoY
-36.8%
Net Profit YoY
EPS (diluted)
$-0.51

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
IPW
IPW
MDXH
MDXH
Q3 25
$12.0M
Q1 25
$19.8M
Q1 24
$14.7M
Gross Margin
IPW
IPW
MDXH
MDXH
Q3 25
40.0%
Q1 25
60.8%
Q1 24
59.3%
Operating Margin
IPW
IPW
MDXH
MDXH
Q3 25
-14.1%
Q1 25
-33.3%
Q1 24
-59.3%
EPS (diluted)
IPW
IPW
MDXH
MDXH
Q3 25
$-0.51
Q1 25
Q1 24

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
MDXH
MDXH
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
Total Assets
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
MDXH
MDXH
Q3 25
$904.0K
Q1 25
Q1 24
Stockholders' Equity
IPW
IPW
MDXH
MDXH
Q3 25
$17.9M
Q1 25
Q1 24
Total Assets
IPW
IPW
MDXH
MDXH
Q3 25
$28.6M
Q1 25
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
IPW
IPW
MDXH
MDXH
Operating Cash FlowLast quarter
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
MDXH
MDXH
Q3 25
$1.7M
Q1 25
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPW
IPW

Products$10.5M87%
Services$1.5M13%

MDXH
MDXH

Segment breakdown not available.

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