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Side-by-side financial comparison of iPower Inc. (IPW) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $9.0M, roughly 1.3× UTAH MEDICAL PRODUCTS INC). On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% 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.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

IPW vs UTMD — Head-to-Head

Bigger by revenue
IPW
IPW
1.3× larger
IPW
$12.0M
$9.0M
UTMD
Growing faster (revenue YoY)
UTMD
UTMD
+35.5% gap
UTMD
-1.2%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
UTMD
UTMD
Revenue
$12.0M
$9.0M
Net Profit
$2.6M
Gross Margin
40.0%
58.2%
Operating Margin
-14.1%
27.0%
Net Margin
28.4%
Revenue YoY
-36.8%
-1.2%
Net Profit YoY
-11.6%
EPS (diluted)
$-0.51
$0.80

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
UTMD
UTMD
Q4 25
$9.0M
Q3 25
$12.0M
$9.8M
Q2 25
$10.0M
Q1 25
$9.7M
Q4 24
$9.2M
Q3 24
$10.0M
Q2 24
$10.4M
Q1 24
$11.3M
Net Profit
IPW
IPW
UTMD
UTMD
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$3.0M
Q1 25
$3.0M
Q4 24
$2.9M
Q3 24
$3.6M
Q2 24
$3.5M
Q1 24
$4.0M
Gross Margin
IPW
IPW
UTMD
UTMD
Q4 25
58.2%
Q3 25
40.0%
57.1%
Q2 25
56.2%
Q1 25
57.0%
Q4 24
58.1%
Q3 24
58.0%
Q2 24
60.1%
Q1 24
59.7%
Operating Margin
IPW
IPW
UTMD
UTMD
Q4 25
27.0%
Q3 25
-14.1%
26.6%
Q2 25
32.1%
Q1 25
32.5%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
33.1%
Q1 24
34.2%
Net Margin
IPW
IPW
UTMD
UTMD
Q4 25
28.4%
Q3 25
26.8%
Q2 25
30.6%
Q1 25
31.3%
Q4 24
31.7%
Q3 24
35.6%
Q2 24
33.2%
Q1 24
34.9%
EPS (diluted)
IPW
IPW
UTMD
UTMD
Q4 25
$0.80
Q3 25
$-0.51
$0.82
Q2 25
$0.94
Q1 25
$0.92
Q4 24
$0.86
Q3 24
$1.03
Q2 24
$0.98
Q1 24
$1.09

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$904.0K
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$17.9M
$119.3M
Total Assets
$28.6M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
UTMD
UTMD
Q4 25
$85.8M
Q3 25
$904.0K
$84.3M
Q2 25
$82.2M
Q1 25
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
Q2 24
$89.2M
Q1 24
$93.8M
Total Debt
IPW
IPW
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IPW
IPW
UTMD
UTMD
Q4 25
$119.3M
Q3 25
$17.9M
$118.3M
Q2 25
$117.5M
Q1 25
$117.0M
Q4 24
$117.4M
Q3 24
$124.2M
Q2 24
$124.1M
Q1 24
$127.7M
Total Assets
IPW
IPW
UTMD
UTMD
Q4 25
$122.5M
Q3 25
$28.6M
$122.0M
Q2 25
$120.8M
Q1 25
$122.5M
Q4 24
$122.5M
Q3 24
$129.7M
Q2 24
$130.0M
Q1 24
$135.4M
Debt / Equity
IPW
IPW
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
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
UTMD
UTMD
Operating Cash FlowLast quarter
$1.7M
$3.5M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
UTMD
UTMD
Q4 25
$3.5M
Q3 25
$1.7M
$3.9M
Q2 25
$2.9M
Q1 25
$4.5M
Q4 24
$2.9M
Q3 24
$3.9M
Q2 24
$2.8M
Q1 24
$5.3M
Free Cash Flow
IPW
IPW
UTMD
UTMD
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$5.3M
FCF Margin
IPW
IPW
UTMD
UTMD
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
46.3%
Capex Intensity
IPW
IPW
UTMD
UTMD
Q4 25
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
0.2%
Cash Conversion
IPW
IPW
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

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%

UTMD
UTMD

Segment breakdown not available.

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