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Side-by-side financial comparison of iQSTEL Inc (IQST) and SILICOM LTD. (SILC). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $61.9M, roughly 1.4× SILICOM LTD.). iQSTEL Inc runs the higher net margin — -3.2% vs -18.5%, a 15.3% gap on every dollar of revenue. On growth, SILICOM LTD. posted the faster year-over-year revenue change (6.6% vs -14.9%). iQSTEL Inc produced more free cash flow last quarter ($-1.2M vs $-3.3M).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

IQST vs SILC — Head-to-Head

Bigger by revenue
IQST
IQST
1.4× larger
IQST
$84.2M
$61.9M
SILC
Growing faster (revenue YoY)
SILC
SILC
+21.4% gap
SILC
6.6%
-14.9%
IQST
Higher net margin
IQST
IQST
15.3% more per $
IQST
-3.2%
-18.5%
SILC
More free cash flow
IQST
IQST
$2.1M more FCF
IQST
$-1.2M
$-3.3M
SILC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
SILC
SILC
Revenue
$84.2M
$61.9M
Net Profit
$-2.7M
$-11.5M
Gross Margin
3.5%
30.6%
Operating Margin
-2.9%
-19.8%
Net Margin
-3.2%
-18.5%
Revenue YoY
-14.9%
6.6%
Net Profit YoY
-44.5%
16.3%
EPS (diluted)
$-0.92
$-2.01

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
SILC
SILC
Q4 25
$84.2M
$61.9M
Q3 25
$102.9M
Q2 25
$72.2M
Q1 25
$57.6M
Q4 24
$98.9M
$58.1M
Q3 24
$54.2M
Q2 24
$78.6M
Q1 24
$51.4M
Net Profit
IQST
IQST
SILC
SILC
Q4 25
$-2.7M
$-11.5M
Q3 25
$-2.3M
Q2 25
$-2.3M
Q1 25
$-1.1M
Q4 24
$-1.9M
$-13.7M
Q3 24
$-773.0K
Q2 24
$-2.0M
Q1 24
$-580.2K
Gross Margin
IQST
IQST
SILC
SILC
Q4 25
3.5%
30.6%
Q3 25
2.7%
Q2 25
2.6%
Q1 25
3.4%
Q4 24
2.7%
28.6%
Q3 24
3.7%
Q2 24
2.8%
Q1 24
2.7%
Operating Margin
IQST
IQST
SILC
SILC
Q4 25
-2.9%
-19.8%
Q3 25
-0.5%
Q2 25
-0.9%
Q1 25
-1.0%
Q4 24
-0.3%
-22.8%
Q3 24
-0.1%
Q2 24
-0.4%
Q1 24
-0.4%
Net Margin
IQST
IQST
SILC
SILC
Q4 25
-3.2%
-18.5%
Q3 25
-2.3%
Q2 25
-3.3%
Q1 25
-2.0%
Q4 24
-1.9%
-23.6%
Q3 24
-1.4%
Q2 24
-2.5%
Q1 24
-1.1%
EPS (diluted)
IQST
IQST
SILC
SILC
Q4 25
$-0.92
$-2.01
Q3 25
$-0.68
Q2 25
$-0.82
Q1 25
$-0.44
Q4 24
$-1.19
$-2.28
Q3 24
$-0.40
Q2 24
$-0.90
Q1 24
$-0.37

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$2.2M
$42.1M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$16.3M
$117.5M
Total Assets
$51.1M
$152.2M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
SILC
SILC
Q4 25
$2.2M
$42.1M
Q3 25
$2.3M
Q2 25
$2.0M
Q1 25
$1.1M
Q4 24
$2.5M
$72.1M
Q3 24
$2.1M
Q2 24
$797.2K
Q1 24
$2.7M
Total Debt
IQST
IQST
SILC
SILC
Q4 25
$4.1M
Q3 25
$2.7M
Q2 25
$4.5M
Q1 25
$3.5M
Q4 24
$2.5M
Q3 24
$3.2M
Q2 24
$2.5M
Q1 24
$194.0K
Stockholders' Equity
IQST
IQST
SILC
SILC
Q4 25
$16.3M
$117.5M
Q3 25
$17.9M
Q2 25
$14.3M
Q1 25
$11.6M
Q4 24
$11.9M
$127.8M
Q3 24
$8.1M
Q2 24
$7.6M
Q1 24
$8.4M
Total Assets
IQST
IQST
SILC
SILC
Q4 25
$51.1M
$152.2M
Q3 25
$46.9M
Q2 25
$51.4M
Q1 25
$42.0M
Q4 24
$79.0M
$150.4M
Q3 24
$32.4M
Q2 24
$30.0M
Q1 24
$22.1M
Debt / Equity
IQST
IQST
SILC
SILC
Q4 25
0.25×
Q3 25
0.15×
Q2 25
0.31×
Q1 25
0.31×
Q4 24
0.21×
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
IQST
IQST
SILC
SILC
Operating Cash FlowLast quarter
$-1.2M
$-2.2M
Free Cash FlowOCF − Capex
$-1.2M
$-3.3M
FCF MarginFCF / Revenue
-1.5%
-5.4%
Capex IntensityCapex / Revenue
0.0%
1.9%
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
SILC
SILC
Q4 25
$-1.2M
$-2.2M
Q3 25
$-953.0K
Q2 25
$257.7K
Q1 25
$-1.9M
Q4 24
$-403.7K
$18.3M
Q3 24
$625.0K
Q2 24
$-2.6M
Q1 24
$-536.9K
Free Cash Flow
IQST
IQST
SILC
SILC
Q4 25
$-1.2M
$-3.3M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
$17.4M
Q3 24
$594.5K
Q2 24
$-2.6M
Q1 24
$-608.5K
FCF Margin
IQST
IQST
SILC
SILC
Q4 25
-1.5%
-5.4%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
29.9%
Q3 24
1.1%
Q2 24
-3.4%
Q1 24
-1.2%
Capex Intensity
IQST
IQST
SILC
SILC
Q4 25
0.0%
1.9%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
1.6%
Q3 24
0.1%
Q2 24
0.0%
Q1 24
0.1%

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%

SILC
SILC

Segment breakdown not available.

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