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Side-by-side financial comparison of iPower Inc. (IPW) and NORWOOD FINANCIAL CORP (NWFL). Click either name above to swap in a different company.

NORWOOD FINANCIAL CORP is the larger business by last-quarter revenue ($23.5M vs $12.0M, roughly 2.0× iPower Inc.). On growth, NORWOOD FINANCIAL CORP posted the faster year-over-year revenue change (1112.9% vs -36.8%).

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.

First Financial Bancorp is a regional bank headquartered in Cincinnati, Ohio, with its operations centers in the northern Cincinnati suburb of Springdale, and Greensburg, Indiana. Founded in 1863, First Financial has the sixth oldest national bank charter and has 131 locations throughout Ohio, Indiana, Kentucky, and Illinois. First Financial acquired Irwin Financial Corp and its subsidiaries through a government assisted transaction on September 18, 2009.

IPW vs NWFL — Head-to-Head

Bigger by revenue
NWFL
NWFL
2.0× larger
NWFL
$23.5M
$12.0M
IPW
Growing faster (revenue YoY)
NWFL
NWFL
+1149.7% gap
NWFL
1112.9%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
NWFL
NWFL
Revenue
$12.0M
$23.5M
Net Profit
$7.4M
Gross Margin
40.0%
Operating Margin
-14.1%
39.9%
Net Margin
31.7%
Revenue YoY
-36.8%
1112.9%
Net Profit YoY
158.8%
EPS (diluted)
$-0.51
$0.82

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
NWFL
NWFL
Q4 25
$23.5M
Q3 25
$12.0M
$23.0M
Q2 25
$21.3M
Q1 25
$20.2M
Q4 24
$1.9M
Q3 24
$18.2M
Q2 24
$17.1M
Q1 24
$16.7M
Net Profit
IPW
IPW
NWFL
NWFL
Q4 25
$7.4M
Q3 25
$8.3M
Q2 25
$6.2M
Q1 25
$5.8M
Q4 24
$-12.7M
Q3 24
$3.8M
Q2 24
$4.2M
Q1 24
$4.4M
Gross Margin
IPW
IPW
NWFL
NWFL
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPW
IPW
NWFL
NWFL
Q4 25
39.9%
Q3 25
-14.1%
45.9%
Q2 25
36.7%
Q1 25
36.1%
Q4 24
-830.2%
Q3 24
26.6%
Q2 24
31.2%
Q1 24
33.5%
Net Margin
IPW
IPW
NWFL
NWFL
Q4 25
31.7%
Q3 25
36.3%
Q2 25
29.1%
Q1 25
28.6%
Q4 24
-654.1%
Q3 24
21.1%
Q2 24
24.6%
Q1 24
26.5%
EPS (diluted)
IPW
IPW
NWFL
NWFL
Q4 25
$0.82
Q3 25
$-0.51
$0.89
Q2 25
$0.67
Q1 25
$0.63
Q4 24
$-1.57
Q3 24
$0.48
Q2 24
$0.52
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
NWFL
NWFL
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$242.2M
Total Assets
$28.6M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
NWFL
NWFL
Q4 25
Q3 25
$904.0K
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IPW
IPW
NWFL
NWFL
Q4 25
$242.2M
Q3 25
$17.9M
$234.9M
Q2 25
$225.4M
Q1 25
$220.7M
Q4 24
$213.5M
Q3 24
$195.7M
Q2 24
$182.2M
Q1 24
$181.2M
Total Assets
IPW
IPW
NWFL
NWFL
Q4 25
$2.4B
Q3 25
$28.6M
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.3B

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
NWFL
NWFL
Operating Cash FlowLast quarter
$1.7M
$34.0M
Free Cash FlowOCF − Capex
$29.2M
FCF MarginFCF / Revenue
124.7%
Capex IntensityCapex / Revenue
20.1%
Cash ConversionOCF / Net Profit
4.56×
TTM Free Cash FlowTrailing 4 quarters
$50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
NWFL
NWFL
Q4 25
$34.0M
Q3 25
$1.7M
$9.3M
Q2 25
$6.8M
Q1 25
$9.1M
Q4 24
$22.8M
Q3 24
$4.6M
Q2 24
$9.1M
Q1 24
$4.3M
Free Cash Flow
IPW
IPW
NWFL
NWFL
Q4 25
$29.2M
Q3 25
$8.3M
Q2 25
$5.1M
Q1 25
$8.2M
Q4 24
$19.7M
Q3 24
$4.1M
Q2 24
$8.6M
Q1 24
$3.7M
FCF Margin
IPW
IPW
NWFL
NWFL
Q4 25
124.7%
Q3 25
36.2%
Q2 25
23.8%
Q1 25
40.4%
Q4 24
1017.6%
Q3 24
22.3%
Q2 24
50.0%
Q1 24
22.1%
Capex Intensity
IPW
IPW
NWFL
NWFL
Q4 25
20.1%
Q3 25
4.5%
Q2 25
7.9%
Q1 25
4.6%
Q4 24
161.7%
Q3 24
3.1%
Q2 24
3.1%
Q1 24
3.3%
Cash Conversion
IPW
IPW
NWFL
NWFL
Q4 25
4.56×
Q3 25
1.12×
Q2 25
1.09×
Q1 25
1.58×
Q4 24
Q3 24
1.21×
Q2 24
2.16×
Q1 24
0.96×

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%

NWFL
NWFL

Segment breakdown not available.

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