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

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.

SmartKem, Inc. is an advanced materials developer focused on proprietary organic semiconductor formulations designed for flexible and foldable display panels, printed electronics, and next-generation optoelectronic devices. It serves global consumer electronics display manufacturers and semiconductor component producers across North America, East Asia and Europe.

IPWR vs SMTK — Head-to-Head

Bigger by revenue
SMTK
SMTK
Infinity× larger
SMTK
$561.0K
$0
IPWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPWR
IPWR
SMTK
SMTK
Revenue
$0
$561.0K
Net Profit
$-1.9M
$-2.1M
Gross Margin
57.6%
Operating Margin
-380.7%
Net Margin
-366.3%
Revenue YoY
Net Profit YoY
26.9%
23.7%
EPS (diluted)
$-0.22

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
SMTK
SMTK
Q4 25
$0
$561.0K
Q3 25
$24.4K
$81.0K
Q3 24
$0
Q1 24
$78.7K
Q4 23
$61.5K
$0
Q3 23
$3.0K
Q2 23
$135.2K
$8.0K
Q1 23
$16.0K
Net Profit
IPWR
IPWR
SMTK
SMTK
Q4 25
$-1.9M
$-2.1M
Q3 25
$-2.9M
$-3.9M
Q3 24
$-2.8M
Q1 24
$-2.5M
Q4 23
$-1.4M
Q3 23
$-3.0M
Q2 23
$-2.3M
$-2.0M
Q1 23
$-2.0M
Gross Margin
IPWR
IPWR
SMTK
SMTK
Q4 25
57.6%
Q3 25
-6.6%
93.8%
Q3 24
Q1 24
13.0%
Q4 23
24.5%
Q3 23
66.7%
Q2 23
18.1%
25.0%
Q1 23
Operating Margin
IPWR
IPWR
SMTK
SMTK
Q4 25
-380.7%
Q3 25
-12353.0%
-3937.0%
Q3 24
Q1 24
-3209.3%
Q4 23
Q3 23
-89833.3%
Q2 23
-1766.8%
-29587.5%
Q1 23
-15962.5%
Net Margin
IPWR
IPWR
SMTK
SMTK
Q4 25
-366.3%
Q3 25
-12027.2%
-4839.5%
Q3 24
Q1 24
-3136.5%
Q4 23
Q3 23
-100733.3%
Q2 23
-1686.7%
-25337.5%
Q1 23
-12800.0%
EPS (diluted)
IPWR
IPWR
SMTK
SMTK
Q4 25
$-0.22
Q3 25
$-0.45
Q3 24
$-0.86
Q1 24
Q4 23
$-0.27
Q3 23
$-1.78
Q2 23
$-0.37
$-1.82
Q1 23
$-2.45

Balance Sheet & Financial Strength

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

Metric
IPWR
IPWR
SMTK
SMTK
Cash + ST InvestmentsLiquidity on hand
$6.1M
$374.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$7.9M
$-3.9M
Total Assets
$10.0M
$2.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPWR
IPWR
SMTK
SMTK
Q4 25
$6.1M
$374.0K
Q3 25
$8.4M
$881.0K
Q3 24
$1.8M
Q1 24
$20.2M
Q4 23
$8.5M
$8.8M
Q3 23
$11.2M
Q2 23
$12.7M
$13.8M
Q1 23
$1.7M
Stockholders' Equity
IPWR
IPWR
SMTK
SMTK
Q4 25
$7.9M
$-3.9M
Q3 25
$10.1M
$-3.0M
Q3 24
$2.3M
Q1 24
$21.7M
Q4 23
$10.1M
$8.1M
Q3 23
$10.3M
Q2 23
$14.3M
$12.3M
Q1 23
$3.7M
Total Assets
IPWR
IPWR
SMTK
SMTK
Q4 25
$10.0M
$2.3M
Q3 25
$12.2M
$3.2M
Q3 24
$4.3M
Q1 24
$23.9M
Q4 23
$12.2M
$11.3M
Q3 23
$13.6M
Q2 23
$16.5M
$16.1M
Q1 23
$5.3M

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
SMTK
SMTK
Operating Cash FlowLast quarter
$-2.2M
$-1.4M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
SMTK
SMTK
Q4 25
$-2.2M
$-1.4M
Q3 25
$-2.5M
$-200.0K
Q3 24
$-2.6M
Q1 24
$-1.9M
Q4 23
$-7.1M
$-2.4M
Q3 23
$-2.5M
Q2 23
$-1.7M
$-637.0K
Q1 23
$-2.4M
Free Cash Flow
IPWR
IPWR
SMTK
SMTK
Q4 25
$-2.2M
Q3 25
$-2.6M
Q3 24
Q1 24
$-1.9M
Q4 23
$-7.4M
Q3 23
$-2.6M
Q2 23
$-1.7M
Q1 23
FCF Margin
IPWR
IPWR
SMTK
SMTK
Q4 25
Q3 25
-10708.3%
Q3 24
Q1 24
-2419.3%
Q4 23
-11991.0%
Q3 23
-85200.0%
Q2 23
-1273.8%
Q1 23
Capex Intensity
IPWR
IPWR
SMTK
SMTK
Q4 25
Q3 25
287.1%
Q3 24
Q1 24
37.6%
Q4 23
391.7%
Q3 23
200.0%
Q2 23
51.1%
Q1 23

Financial Flow Comparison

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

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