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Side-by-side financial comparison of Ideal Power Inc. (IPWR) and SemiLEDs Corp (LEDS). Click either name above to swap in a different company.

SemiLEDs Corp produced more free cash flow last quarter ($331.0K vs $-2.2M).

Ideal Toy Company was an American toy company founded by Morris Michtom and his wife, Rose. During the post–World War II baby boom era, Ideal became the largest doll-making company in the United States. Their most popular dolls included Betsy Wetsy, Toni, Saucy Walker, Shirley Temple, Miss Revlon, Patti Playpal, Tammy, Thumbelina, Tiny Thumbelina, and Crissy. The company is also known for selling the Rubik's Cube.

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

IPWR vs LEDS — Head-to-Head

Bigger by revenue
LEDS
LEDS
Infinity× larger
LEDS
$2.6M
$0
IPWR
More free cash flow
LEDS
LEDS
$2.5M more FCF
LEDS
$331.0K
$-2.2M
IPWR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IPWR
IPWR
LEDS
LEDS
Revenue
$0
$2.6M
Net Profit
$-1.9M
$-742.0K
Gross Margin
0.7%
Operating Margin
-39.4%
Net Margin
-28.9%
Revenue YoY
103.7%
Net Profit YoY
26.9%
-35.6%
EPS (diluted)
$-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
IPWR
IPWR
LEDS
LEDS
Q4 25
$0
$2.6M
Q3 25
$24.4K
$13.2M
Q2 25
$17.7M
Q1 25
$10.9M
Q4 24
$1.3M
Q3 24
$1.3M
Q2 24
$1.3M
Q1 24
$78.7K
$886.0K
Net Profit
IPWR
IPWR
LEDS
LEDS
Q4 25
$-1.9M
$-742.0K
Q3 25
$-2.9M
$-1.2M
Q2 25
$223.0K
Q1 25
$388.0K
Q4 24
$-547.0K
Q3 24
Q2 24
$-319.0K
Q1 24
$-2.5M
$-559.0K
Gross Margin
IPWR
IPWR
LEDS
LEDS
Q4 25
0.7%
Q3 25
-6.6%
1.7%
Q2 25
5.3%
Q1 25
9.2%
Q4 24
20.6%
Q3 24
11.6%
Q2 24
41.0%
Q1 24
13.0%
12.6%
Operating Margin
IPWR
IPWR
LEDS
LEDS
Q4 25
-39.4%
Q3 25
-12353.0%
-9.0%
Q2 25
-0.4%
Q1 25
1.0%
Q4 24
-52.1%
Q3 24
Q2 24
-35.8%
Q1 24
-3209.3%
-93.9%
Net Margin
IPWR
IPWR
LEDS
LEDS
Q4 25
-28.9%
Q3 25
-12027.2%
-9.0%
Q2 25
1.3%
Q1 25
3.6%
Q4 24
-43.4%
Q3 24
Q2 24
-24.1%
Q1 24
-3136.5%
-63.1%
EPS (diluted)
IPWR
IPWR
LEDS
LEDS
Q4 25
$-0.09
Q3 25
$-0.15
Q2 25
$0.03
Q1 25
$0.05
Q4 24
$-0.08
Q3 24
Q2 24
$-0.04
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
IPWR
IPWR
LEDS
LEDS
Cash + ST InvestmentsLiquidity on hand
$6.1M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.9M
$2.1M
Total Assets
$10.0M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPWR
IPWR
LEDS
LEDS
Q4 25
$6.1M
$2.9M
Q3 25
$8.4M
$2.6M
Q2 25
$2.4M
Q1 25
$2.4M
Q4 24
$1.2M
Q3 24
$1.7M
Q2 24
$1.7M
Q1 24
$20.2M
$1.6M
Total Debt
IPWR
IPWR
LEDS
LEDS
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
IPWR
IPWR
LEDS
LEDS
Q4 25
$7.9M
$2.1M
Q3 25
$10.1M
$2.8M
Q2 25
$4.0M
Q1 25
$3.6M
Q4 24
$1.6M
Q3 24
$2.2M
Q2 24
$2.7M
Q1 24
$21.7M
$3.0M
Total Assets
IPWR
IPWR
LEDS
LEDS
Q4 25
$10.0M
$14.2M
Q3 25
$12.2M
$15.6M
Q2 25
$23.2M
Q1 25
$23.2M
Q4 24
$10.4M
Q3 24
$11.1M
Q2 24
$11.5M
Q1 24
$23.9M
$12.0M
Debt / Equity
IPWR
IPWR
LEDS
LEDS
Q4 25
Q3 25
0.61×
Q2 25
Q1 25
Q4 24
Q3 24
1.69×
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
IPWR
IPWR
LEDS
LEDS
Operating Cash FlowLast quarter
$-2.2M
$361.0K
Free Cash FlowOCF − Capex
$-2.2M
$331.0K
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPWR
IPWR
LEDS
LEDS
Q4 25
$-2.2M
$361.0K
Q3 25
$-2.5M
Q2 25
$693.0K
Q1 25
$1.4M
Q4 24
$-158.0K
Q3 24
Q2 24
$109.0K
Q1 24
$-1.9M
$-600.0K
Free Cash Flow
IPWR
IPWR
LEDS
LEDS
Q4 25
$-2.2M
$331.0K
Q3 25
$-2.6M
Q2 25
$383.0K
Q1 25
$1.3M
Q4 24
$-276.0K
Q3 24
Q2 24
$98.0K
Q1 24
$-1.9M
$-619.0K
FCF Margin
IPWR
IPWR
LEDS
LEDS
Q4 25
12.9%
Q3 25
-10708.3%
Q2 25
2.2%
Q1 25
11.8%
Q4 24
-21.9%
Q3 24
Q2 24
7.4%
Q1 24
-2419.3%
-69.9%
Capex Intensity
IPWR
IPWR
LEDS
LEDS
Q4 25
1.2%
Q3 25
287.1%
0.2%
Q2 25
1.8%
Q1 25
1.1%
Q4 24
9.4%
Q3 24
9.3%
Q2 24
0.8%
Q1 24
37.6%
2.1%
Cash Conversion
IPWR
IPWR
LEDS
LEDS
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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