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Side-by-side financial comparison of iQSTEL Inc (IQST) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $51.2M, roughly 1.6× Plymouth Industrial REIT, Inc.). iQSTEL Inc runs the higher net margin — -3.2% vs -106.3%, a 103.1% gap on every dollar of revenue. On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 0.4%).
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.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
IQST vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $51.2M |
| Net Profit | $-2.7M | $-54.4M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | -102.5% |
| Net Margin | -3.2% | -106.3% |
| Revenue YoY | -14.9% | -1.4% |
| Net Profit YoY | -44.5% | -248.5% |
| EPS (diluted) | $-0.92 | $-1.23 |
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 | — | ||
| Q3 25 | $102.9M | $51.2M | ||
| Q2 25 | $72.2M | $47.2M | ||
| Q1 25 | $57.6M | $45.6M | ||
| Q4 24 | $98.9M | $47.6M | ||
| Q3 24 | $54.2M | $51.9M | ||
| Q2 24 | $78.6M | $48.7M | ||
| Q1 24 | $51.4M | $50.2M |
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-2.3M | $-54.4M | ||
| Q2 25 | $-2.3M | $-6.1M | ||
| Q1 25 | $-1.1M | $5.8M | ||
| Q4 24 | $-1.9M | $147.4M | ||
| Q3 24 | $-773.0K | $-15.6M | ||
| Q2 24 | $-2.0M | $1.3M | ||
| Q1 24 | $-580.2K | $6.2M |
| 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% | — | ||
| Q3 25 | -0.5% | -102.5% | ||
| Q2 25 | -0.9% | -10.3% | ||
| Q1 25 | -1.0% | — | ||
| Q4 24 | -0.3% | — | ||
| Q3 24 | -0.1% | -29.6% | ||
| Q2 24 | -0.4% | 2.7% | ||
| Q1 24 | -0.4% | — |
| Q4 25 | -3.2% | — | ||
| Q3 25 | -2.3% | -106.3% | ||
| Q2 25 | -3.3% | -12.9% | ||
| Q1 25 | -2.0% | 12.8% | ||
| Q4 24 | -1.9% | 309.9% | ||
| Q3 24 | -1.4% | -30.1% | ||
| Q2 24 | -2.5% | 2.7% | ||
| Q1 24 | -1.1% | 12.4% |
| Q4 25 | $-0.92 | — | ||
| Q3 25 | $-0.68 | $-1.23 | ||
| Q2 25 | $-0.82 | $-0.14 | ||
| Q1 25 | $-0.44 | $0.13 | ||
| Q4 24 | $-1.19 | $3.24 | ||
| Q3 24 | $-0.40 | $-0.35 | ||
| Q2 24 | $-0.90 | $0.03 | ||
| Q1 24 | $-0.37 | $0.14 |
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 | — |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $16.3M | $470.1M |
| Total Assets | $51.1M | $1.6B |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | — | ||
| Q3 25 | $2.3M | — | ||
| Q2 25 | $2.0M | — | ||
| Q1 25 | $1.1M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $797.2K | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.7M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $3.5M | — | ||
| Q4 24 | $2.5M | $646.4M | ||
| Q3 24 | $3.2M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $194.0K | — |
| Q4 25 | $16.3M | — | ||
| Q3 25 | $17.9M | $470.1M | ||
| Q2 25 | $14.3M | $539.6M | ||
| Q1 25 | $11.6M | $571.0M | ||
| Q4 24 | $11.9M | $579.5M | ||
| Q3 24 | $8.1M | $436.5M | ||
| Q2 24 | $7.6M | $475.2M | ||
| Q1 24 | $8.4M | $484.6M |
| Q4 25 | $51.1M | — | ||
| Q3 25 | $46.9M | $1.6B | ||
| Q2 25 | $51.4M | $1.6B | ||
| Q1 25 | $42.0M | $1.4B | ||
| Q4 24 | $79.0M | $1.4B | ||
| Q3 24 | $32.4M | $1.5B | ||
| Q2 24 | $30.0M | $1.4B | ||
| Q1 24 | $22.1M | $1.4B |
| Q4 25 | 0.25× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.21× | 1.12× | ||
| 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 | $20.0M |
| 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.
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-953.0K | $20.0M | ||
| Q2 25 | $257.7K | $23.4M | ||
| Q1 25 | $-1.9M | $15.6M | ||
| Q4 24 | $-403.7K | $96.1M | ||
| Q3 24 | $625.0K | $17.6M | ||
| Q2 24 | $-2.6M | $19.9M | ||
| Q1 24 | $-536.9K | $16.6M |
| 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 | — | ||
| Q1 24 | $-608.5K | — |
| 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% | — | ||
| Q1 24 | -1.2% | — |
| 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% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 15.12× | ||
| Q1 24 | — | 2.67× |
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% |
PLYM
Segment breakdown not available.
