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Side-by-side financial comparison of iPower Inc. (IPW) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $12.0M, roughly 1.9× iPower Inc.). On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

IPW vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.9× larger
RFIL
$22.7M
$12.0M
IPW
Growing faster (revenue YoY)
RFIL
RFIL
+59.7% gap
RFIL
22.9%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
RFIL
RFIL
Revenue
$12.0M
$22.7M
Net Profit
$173.0K
Gross Margin
40.0%
36.8%
Operating Margin
-14.1%
4.0%
Net Margin
0.8%
Revenue YoY
-36.8%
22.9%
Net Profit YoY
172.7%
EPS (diluted)
$-0.51
$0.01

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
RFIL
RFIL
Q4 25
$22.7M
Q3 25
$12.0M
$19.8M
Q2 25
$18.9M
Q1 25
$19.2M
Q4 24
$18.5M
Q3 24
$16.8M
Q2 24
$16.1M
Q1 24
$13.5M
Net Profit
IPW
IPW
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$392.0K
Q2 25
$-245.0K
Q1 25
$-245.0K
Q4 24
$-238.0K
Q3 24
$-705.0K
Q2 24
$-4.3M
Q1 24
$-1.4M
Gross Margin
IPW
IPW
RFIL
RFIL
Q4 25
36.8%
Q3 25
40.0%
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
IPW
IPW
RFIL
RFIL
Q4 25
4.0%
Q3 25
-14.1%
3.6%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
-2.5%
Q2 24
-2.6%
Q1 24
-15.5%
Net Margin
IPW
IPW
RFIL
RFIL
Q4 25
0.8%
Q3 25
2.0%
Q2 25
-1.3%
Q1 25
-1.3%
Q4 24
-1.3%
Q3 24
-4.2%
Q2 24
-26.7%
Q1 24
-10.1%
EPS (diluted)
IPW
IPW
RFIL
RFIL
Q4 25
$0.01
Q3 25
$-0.51
$0.04
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.07
Q2 24
$-0.41
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$904.0K
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.9M
$35.2M
Total Assets
$28.6M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$904.0K
$3.0M
Q2 25
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$1.4M
Q1 24
$4.5M
Stockholders' Equity
IPW
IPW
RFIL
RFIL
Q4 25
$35.2M
Q3 25
$17.9M
$34.8M
Q2 25
$34.2M
Q1 25
$34.2M
Q4 24
$34.1M
Q3 24
$34.1M
Q2 24
$34.6M
Q1 24
$38.7M
Total Assets
IPW
IPW
RFIL
RFIL
Q4 25
$73.0M
Q3 25
$28.6M
$73.2M
Q2 25
$72.7M
Q1 25
$70.4M
Q4 24
$71.0M
Q3 24
$71.9M
Q2 24
$72.8M
Q1 24
$79.1M

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
RFIL
RFIL
Operating Cash FlowLast quarter
$1.7M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
RFIL
RFIL
Q4 25
$2.1M
Q3 25
$1.7M
$-311.0K
Q2 25
$2.2M
Q1 25
$601.0K
Q4 24
$-244.0K
Q3 24
$2.4M
Q2 24
$197.0K
Q1 24
$840.0K
Free Cash Flow
IPW
IPW
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
IPW
IPW
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
IPW
IPW
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
IPW
IPW
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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