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Side-by-side financial comparison of iPower Inc. (IPW) and RETRACTABLE TECHNOLOGIES INC (RVP). Click either name above to swap in a different company.

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $9.4M, roughly 1.3× RETRACTABLE TECHNOLOGIES INC). On growth, RETRACTABLE TECHNOLOGIES INC posted the faster year-over-year revenue change (4.0% 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.

Retractable Technologies Inc is a specialized medical device manufacturer that designs, manufactures and distributes safety-engineered disposable medical products, including retractable syringes, safety needles and IV catheters. Its key customers are healthcare facilities, pharmaceutical companies and public health agencies across North America and global markets, helping reduce needlestick injury risks for medical personnel and patients.

IPW vs RVP — Head-to-Head

Bigger by revenue
IPW
IPW
1.3× larger
IPW
$12.0M
$9.4M
RVP
Growing faster (revenue YoY)
RVP
RVP
+40.8% gap
RVP
4.0%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
RVP
RVP
Revenue
$12.0M
$9.4M
Net Profit
$-2.3M
Gross Margin
40.0%
-16.2%
Operating Margin
-14.1%
-81.7%
Net Margin
-24.9%
Revenue YoY
-36.8%
4.0%
Net Profit YoY
-162.3%
EPS (diluted)
$-0.51
$-0.09

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
RVP
RVP
Q4 25
$9.4M
Q3 25
$12.0M
$10.1M
Q2 25
$10.4M
Q1 25
$8.3M
Q4 24
$9.1M
Q3 24
$10.3M
Q2 24
$6.0M
Q1 24
$7.6M
Net Profit
IPW
IPW
RVP
RVP
Q4 25
$-2.3M
Q3 25
$371.0K
Q2 25
$-87.5K
Q1 25
$-10.5M
Q4 24
$3.8M
Q3 24
$-1.9M
Q2 24
$-14.2M
Q1 24
$429.4K
Gross Margin
IPW
IPW
RVP
RVP
Q4 25
-16.2%
Q3 25
40.0%
16.7%
Q2 25
-1.0%
Q1 25
-0.0%
Q4 24
-27.5%
Q3 24
-0.1%
Q2 24
-7.0%
Q1 24
25.0%
Operating Margin
IPW
IPW
RVP
RVP
Q4 25
-81.7%
Q3 25
-14.1%
-36.2%
Q2 25
-49.1%
Q1 25
-56.4%
Q4 24
-79.6%
Q3 24
-49.6%
Q2 24
-95.6%
Q1 24
-39.3%
Net Margin
IPW
IPW
RVP
RVP
Q4 25
-24.9%
Q3 25
3.7%
Q2 25
-0.8%
Q1 25
-126.6%
Q4 24
41.6%
Q3 24
-18.6%
Q2 24
-234.9%
Q1 24
5.7%
EPS (diluted)
IPW
IPW
RVP
RVP
Q4 25
$-0.09
Q3 25
$-0.51
$0.01
Q2 25
$0.00
Q1 25
$-0.35
Q4 24
$0.14
Q3 24
$-0.07
Q2 24
$-0.48
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
RVP
RVP
Cash + ST InvestmentsLiquidity on hand
$904.0K
$2.6M
Total DebtLower is stronger
$895.6K
Stockholders' EquityBook value
$17.9M
$74.4M
Total Assets
$28.6M
$142.6M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
RVP
RVP
Q4 25
$2.6M
Q3 25
$904.0K
$3.4M
Q2 25
$3.0M
Q1 25
$3.4M
Q4 24
$4.2M
Q3 24
$3.9M
Q2 24
$6.9M
Q1 24
$10.0M
Total Debt
IPW
IPW
RVP
RVP
Q4 25
$895.6K
Q3 25
Q2 25
Q1 25
Q4 24
$1.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IPW
IPW
RVP
RVP
Q4 25
$74.4M
Q3 25
$17.9M
$76.8M
Q2 25
$76.5M
Q1 25
$76.6M
Q4 24
$87.2M
Q3 24
$83.5M
Q2 24
$85.4M
Q1 24
$99.7M
Total Assets
IPW
IPW
RVP
RVP
Q4 25
$142.6M
Q3 25
$28.6M
$146.4M
Q2 25
$147.1M
Q1 25
$149.3M
Q4 24
$160.7M
Q3 24
$157.8M
Q2 24
$160.7M
Q1 24
$176.0M
Debt / Equity
IPW
IPW
RVP
RVP
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24
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
RVP
RVP
Operating Cash FlowLast quarter
$1.7M
$-596.5K
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
RVP
RVP
Q4 25
$-596.5K
Q3 25
$1.7M
$-1.3M
Q2 25
$-3.7M
Q1 25
$-1.5M
Q4 24
$-1.1M
Q3 24
$-5.7M
Q2 24
$-2.7M
Q1 24
$-2.0M
Free Cash Flow
IPW
IPW
RVP
RVP
Q4 25
Q3 25
$-1.3M
Q2 25
$-4.1M
Q1 25
$-1.6M
Q4 24
$-1.4M
Q3 24
$-6.5M
Q2 24
$-2.8M
Q1 24
$-2.2M
FCF Margin
IPW
IPW
RVP
RVP
Q4 25
Q3 25
-13.4%
Q2 25
-38.9%
Q1 25
-18.8%
Q4 24
-15.5%
Q3 24
-63.0%
Q2 24
-46.8%
Q1 24
-29.6%
Capex Intensity
IPW
IPW
RVP
RVP
Q4 25
Q3 25
0.9%
Q2 25
3.2%
Q1 25
1.0%
Q4 24
3.3%
Q3 24
7.7%
Q2 24
2.0%
Q1 24
3.0%
Cash Conversion
IPW
IPW
RVP
RVP
Q4 25
Q3 25
-3.39×
Q2 25
Q1 25
Q4 24
-0.29×
Q3 24
Q2 24
Q1 24
-4.71×

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%

RVP
RVP

Segment breakdown not available.

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