vs

Side-by-side financial comparison of iQSTEL Inc (IQST) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $62.8M, roughly 1.3× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -3.2%, a 17.3% gap on every dollar of revenue. On growth, NACCO INDUSTRIES INC posted the faster year-over-year revenue change (-4.3% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 9.5%).

iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.

NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...

IQST vs NC — Head-to-Head

Bigger by revenue
IQST
IQST
1.3× larger
IQST
$84.2M
$62.8M
NC
Growing faster (revenue YoY)
NC
NC
+10.6% gap
NC
-4.3%
-14.9%
IQST
Higher net margin
NC
NC
17.3% more per $
NC
14.1%
-3.2%
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
9.5%
NC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IQST
IQST
NC
NC
Revenue
$84.2M
$62.8M
Net Profit
$-2.7M
$8.8M
Gross Margin
3.5%
22.8%
Operating Margin
-2.9%
17.5%
Net Margin
-3.2%
14.1%
Revenue YoY
-14.9%
-4.3%
Net Profit YoY
-44.5%
80.0%
EPS (diluted)
$-0.92
$1.17

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
IQST
IQST
NC
NC
Q1 26
$62.8M
Q4 25
$84.2M
$66.8M
Q3 25
$102.9M
$76.6M
Q2 25
$72.2M
$68.2M
Q1 25
$57.6M
$65.6M
Q4 24
$98.9M
$70.4M
Q3 24
$54.2M
$61.7M
Q2 24
$78.6M
$52.3M
Net Profit
IQST
IQST
NC
NC
Q1 26
$8.8M
Q4 25
$-2.7M
$-3.8M
Q3 25
$-2.3M
$13.3M
Q2 25
$-2.3M
$3.3M
Q1 25
$-1.1M
$4.9M
Q4 24
$-1.9M
$7.6M
Q3 24
$-773.0K
$15.6M
Q2 24
$-2.0M
$6.0M
Gross Margin
IQST
IQST
NC
NC
Q1 26
22.8%
Q4 25
3.5%
18.0%
Q3 25
2.7%
13.0%
Q2 25
2.6%
10.0%
Q1 25
3.4%
14.7%
Q4 24
2.7%
12.0%
Q3 24
3.7%
11.7%
Q2 24
2.8%
13.4%
Operating Margin
IQST
IQST
NC
NC
Q1 26
17.5%
Q4 25
-2.9%
11.3%
Q3 25
-0.5%
8.8%
Q2 25
-0.9%
-0.1%
Q1 25
-1.0%
11.7%
Q4 24
-0.3%
5.5%
Q3 24
-0.1%
31.9%
Q2 24
-0.4%
14.1%
Net Margin
IQST
IQST
NC
NC
Q1 26
14.1%
Q4 25
-3.2%
-5.8%
Q3 25
-2.3%
17.3%
Q2 25
-3.3%
4.8%
Q1 25
-2.0%
7.5%
Q4 24
-1.9%
10.7%
Q3 24
-1.4%
25.4%
Q2 24
-2.5%
11.4%
EPS (diluted)
IQST
IQST
NC
NC
Q1 26
$1.17
Q4 25
$-0.92
$-0.53
Q3 25
$-0.68
$1.78
Q2 25
$-0.82
$0.44
Q1 25
$-0.44
$0.66
Q4 24
$-1.19
$0.99
Q3 24
$-0.40
$2.14
Q2 24
$-0.90
$0.81

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
NC
NC
Cash + ST InvestmentsLiquidity on hand
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$16.3M
Total Assets
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
NC
NC
Q1 26
Q4 25
$2.2M
$49.7M
Q3 25
$2.3M
$52.7M
Q2 25
$2.0M
$49.4M
Q1 25
$1.1M
$61.9M
Q4 24
$2.5M
$72.8M
Q3 24
$2.1M
$63.1M
Q2 24
$797.2K
$62.4M
Total Debt
IQST
IQST
NC
NC
Q1 26
Q4 25
$4.1M
$100.8M
Q3 25
$2.7M
Q2 25
$4.5M
Q1 25
$3.5M
Q4 24
$2.5M
$99.4M
Q3 24
$3.2M
Q2 24
$2.5M
$29.0M
Stockholders' Equity
IQST
IQST
NC
NC
Q1 26
Q4 25
$16.3M
$429.2M
Q3 25
$17.9M
$426.4M
Q2 25
$14.3M
$413.1M
Q1 25
$11.6M
$409.1M
Q4 24
$11.9M
$404.9M
Q3 24
$8.1M
$397.3M
Q2 24
$7.6M
$384.1M
Total Assets
IQST
IQST
NC
NC
Q1 26
Q4 25
$51.1M
$661.2M
Q3 25
$46.9M
$637.6M
Q2 25
$51.4M
$631.3M
Q1 25
$42.0M
$634.2M
Q4 24
$79.0M
$631.7M
Q3 24
$32.4M
$597.4M
Q2 24
$30.0M
$560.1M
Debt / Equity
IQST
IQST
NC
NC
Q1 26
Q4 25
0.25×
0.23×
Q3 25
0.15×
Q2 25
0.31×
Q1 25
0.31×
Q4 24
0.21×
0.25×
Q3 24
0.40×
Q2 24
0.34×
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IQST
IQST
NC
NC
Operating Cash FlowLast quarter
$-1.2M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
NC
NC
Q1 26
Q4 25
$-1.2M
$11.4M
Q3 25
$-953.0K
$42.3M
Q2 25
$257.7K
$-7.8M
Q1 25
$-1.9M
$5.0M
Q4 24
$-403.7K
$25.2M
Q3 24
$625.0K
$2.8M
Q2 24
$-2.6M
$4.1M
Free Cash Flow
IQST
IQST
NC
NC
Q1 26
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
Q3 24
$594.5K
Q2 24
$-2.6M
FCF Margin
IQST
IQST
NC
NC
Q1 26
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
Q3 24
1.1%
Q2 24
-3.4%
Capex Intensity
IQST
IQST
NC
NC
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Cash Conversion
IQST
IQST
NC
NC
Q1 26
Q4 25
Q3 25
3.19×
Q2 25
-2.39×
Q1 25
1.03×
Q4 24
3.33×
Q3 24
0.18×
Q2 24
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQST
IQST

USA$53.2M63%
Other$29.9M35%
Switzerland$1.1M1%

NC
NC

Segment breakdown not available.

Related Comparisons