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Side-by-side financial comparison of iQSTEL Inc (IQST) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $84.2M, roughly 1.7× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -20.7%, a 17.5% gap on every dollar of revenue. On growth, iQSTEL Inc posted the faster year-over-year revenue change (-14.9% vs -15.1%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-25.0M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -12.0%).
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.
IQST vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $141.3M |
| Net Profit | $-2.7M | $-29.3M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | -27.0% |
| Net Margin | -3.2% | -20.7% |
| Revenue YoY | -14.9% | -15.1% |
| Net Profit YoY | -44.5% | 7.4% |
| EPS (diluted) | $-0.92 | $-1.38 |
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.
| Q4 25 | $84.2M | $141.3M | ||
| Q3 25 | $102.9M | $150.3M | ||
| Q2 25 | $72.2M | $151.1M | ||
| Q1 25 | $57.6M | $155.3M | ||
| Q4 24 | $98.9M | $166.5M | ||
| Q3 24 | $54.2M | $182.6M | ||
| Q2 24 | $78.6M | $182.9M | ||
| Q1 24 | $51.4M | $182.6M |
| Q4 25 | $-2.7M | $-29.3M | ||
| Q3 25 | $-2.3M | $-5.6M | ||
| Q2 25 | $-2.3M | $-9.6M | ||
| Q1 25 | $-1.1M | $-8.1M | ||
| Q4 24 | $-1.9M | $-31.6M | ||
| Q3 24 | $-773.0K | $2.4M | ||
| Q2 24 | $-2.0M | $-2.9M | ||
| Q1 24 | $-580.2K | $281.0K |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | -2.9% | -27.0% | ||
| Q3 25 | -0.5% | -3.8% | ||
| Q2 25 | -0.9% | -7.3% | ||
| Q1 25 | -1.0% | -5.9% | ||
| Q4 24 | -0.3% | -22.6% | ||
| Q3 24 | -0.1% | 1.3% | ||
| Q2 24 | -0.4% | -0.4% | ||
| Q1 24 | -0.4% | -0.4% |
| Q4 25 | -3.2% | -20.7% | ||
| Q3 25 | -2.3% | -3.7% | ||
| Q2 25 | -3.3% | -6.4% | ||
| Q1 25 | -2.0% | -5.2% | ||
| Q4 24 | -1.9% | -19.0% | ||
| Q3 24 | -1.4% | 1.3% | ||
| Q2 24 | -2.5% | -1.6% | ||
| Q1 24 | -1.1% | 0.2% |
| Q4 25 | $-0.92 | $-1.38 | ||
| Q3 25 | $-0.68 | $-0.27 | ||
| Q2 25 | $-0.82 | $-0.46 | ||
| Q1 25 | $-0.44 | $-0.37 | ||
| Q4 24 | $-1.19 | $-1.44 | ||
| Q3 24 | $-0.40 | $0.11 | ||
| Q2 24 | $-0.90 | $-0.13 | ||
| Q1 24 | $-0.37 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2M | $83.7M |
| Total DebtLower is stronger | $4.1M | $333.9M |
| Stockholders' EquityBook value | $16.3M | $210.5M |
| Total Assets | $51.1M | $697.9M |
| Debt / EquityLower = less leverage | 0.25× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $83.7M | ||
| Q3 25 | $2.3M | $115.6M | ||
| Q2 25 | $2.0M | $117.3M | ||
| Q1 25 | $1.1M | $102.7M | ||
| Q4 24 | $2.5M | $110.7M | ||
| Q3 24 | $2.1M | $92.3M | ||
| Q2 24 | $797.2K | $114.0M | ||
| Q1 24 | $2.7M | $125.8M |
| Q4 25 | $4.1M | $333.9M | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | $325.6M | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | $210.5M | ||
| Q3 25 | $17.9M | $239.5M | ||
| Q2 25 | $14.3M | $244.9M | ||
| Q1 25 | $11.6M | $269.6M | ||
| Q4 24 | $11.9M | $277.5M | ||
| Q3 24 | $8.1M | $308.9M | ||
| Q2 24 | $7.6M | $306.7M | ||
| Q1 24 | $8.4M | $314.6M |
| Q4 25 | $51.1M | $697.9M | ||
| Q3 25 | $46.9M | $715.2M | ||
| Q2 25 | $51.4M | $707.9M | ||
| Q1 25 | $42.0M | $712.6M | ||
| Q4 24 | $79.0M | $741.7M | ||
| Q3 24 | $32.4M | $756.7M | ||
| Q2 24 | $30.0M | $733.5M | ||
| Q1 24 | $22.1M | $746.4M |
| Q4 25 | 0.25× | 1.59× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | 1.17× | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.02× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.2M | $-5.8M |
| Free Cash FlowOCF − Capex | $-1.2M | $-25.0M |
| FCF MarginFCF / Revenue | -1.5% | -17.7% |
| Capex IntensityCapex / Revenue | 0.0% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $-5.8M | ||
| Q3 25 | $-953.0K | $5.9M | ||
| Q2 25 | $257.7K | $12.2M | ||
| Q1 25 | $-1.9M | $5.0M | ||
| Q4 24 | $-403.7K | $15.2M | ||
| Q3 24 | $625.0K | $15.5M | ||
| Q2 24 | $-2.6M | $18.7M | ||
| Q1 24 | $-536.9K | $9.6M |
| Q4 25 | $-1.2M | $-25.0M | ||
| Q3 25 | $-969.2K | $2.5M | ||
| Q2 25 | $211.7K | $5.9M | ||
| Q1 25 | $-2.0M | $-6.8M | ||
| Q4 24 | $-421.3K | $-39.9M | ||
| Q3 24 | $594.5K | $-33.6M | ||
| Q2 24 | $-2.6M | $4.1M | ||
| Q1 24 | $-608.5K | $-12.2M |
| Q4 25 | -1.5% | -17.7% | ||
| Q3 25 | -0.9% | 1.7% | ||
| Q2 25 | 0.3% | 3.9% | ||
| Q1 25 | -3.4% | -4.4% | ||
| Q4 24 | -0.4% | -24.0% | ||
| Q3 24 | 1.1% | -18.4% | ||
| Q2 24 | -3.4% | 2.2% | ||
| Q1 24 | -1.2% | -6.7% |
| Q4 25 | 0.0% | 13.6% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.1% | 4.2% | ||
| Q1 25 | 0.1% | 7.6% | ||
| Q4 24 | 0.0% | 33.1% | ||
| Q3 24 | 0.1% | 26.9% | ||
| Q2 24 | 0.0% | 8.0% | ||
| Q1 24 | 0.1% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
