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Side-by-side financial comparison of iQSTEL Inc (IQST) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $84.2M, roughly 1.0× iQSTEL Inc). UNITED STATES LIME & MINERALS INC runs the higher net margin — 34.7% vs -3.2%, a 37.9% gap on every dollar of revenue. On growth, UNITED STATES LIME & MINERALS INC posted the faster year-over-year revenue change (9.8% vs -14.9%). UNITED STATES LIME & MINERALS INC produced more free cash flow last quarter ($25.7M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 10.8%).

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.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

IQST vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1.0× larger
USLM
$87.9M
$84.2M
IQST
Growing faster (revenue YoY)
USLM
USLM
+24.7% gap
USLM
9.8%
-14.9%
IQST
Higher net margin
USLM
USLM
37.9% more per $
USLM
34.7%
-3.2%
IQST
More free cash flow
USLM
USLM
$26.9M more FCF
USLM
$25.7M
$-1.2M
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
10.8%
USLM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQST
IQST
USLM
USLM
Revenue
$84.2M
$87.9M
Net Profit
$-2.7M
$30.5M
Gross Margin
3.5%
48.0%
Operating Margin
-2.9%
41.0%
Net Margin
-3.2%
34.7%
Revenue YoY
-14.9%
9.8%
Net Profit YoY
-44.5%
13.2%
EPS (diluted)
$-0.92
$1.06

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
USLM
USLM
Q4 25
$84.2M
$87.9M
Q3 25
$102.9M
$102.0M
Q2 25
$72.2M
$91.5M
Q1 25
$57.6M
$91.3M
Q4 24
$98.9M
$80.1M
Q3 24
$54.2M
$89.4M
Q2 24
$78.6M
$76.5M
Q1 24
$51.4M
$71.7M
Net Profit
IQST
IQST
USLM
USLM
Q4 25
$-2.7M
$30.5M
Q3 25
$-2.3M
$38.8M
Q2 25
$-2.3M
$30.8M
Q1 25
$-1.1M
$34.1M
Q4 24
$-1.9M
$27.0M
Q3 24
$-773.0K
$33.4M
Q2 24
$-2.0M
$26.1M
Q1 24
$-580.2K
$22.4M
Gross Margin
IQST
IQST
USLM
USLM
Q4 25
3.5%
48.0%
Q3 25
2.7%
51.2%
Q2 25
2.6%
45.8%
Q1 25
3.4%
50.6%
Q4 24
2.7%
44.3%
Q3 24
3.7%
48.2%
Q2 24
2.8%
45.5%
Q1 24
2.7%
42.7%
Operating Margin
IQST
IQST
USLM
USLM
Q4 25
-2.9%
41.0%
Q3 25
-0.5%
45.3%
Q2 25
-0.9%
39.0%
Q1 25
-1.0%
43.7%
Q4 24
-0.3%
38.8%
Q3 24
-0.1%
42.6%
Q2 24
-0.4%
39.1%
Q1 24
-0.4%
35.9%
Net Margin
IQST
IQST
USLM
USLM
Q4 25
-3.2%
34.7%
Q3 25
-2.3%
38.0%
Q2 25
-3.3%
33.7%
Q1 25
-2.0%
37.4%
Q4 24
-1.9%
33.7%
Q3 24
-1.4%
37.3%
Q2 24
-2.5%
34.0%
Q1 24
-1.1%
31.3%
EPS (diluted)
IQST
IQST
USLM
USLM
Q4 25
$-0.92
$1.06
Q3 25
$-0.68
$1.35
Q2 25
$-0.82
$1.07
Q1 25
$-0.44
$1.19
Q4 24
$-1.19
$-2.20
Q3 24
$-0.40
$1.16
Q2 24
$-0.90
$0.91
Q1 24
$-0.37
$3.92

Balance Sheet & Financial Strength

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

Metric
IQST
IQST
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$2.2M
$371.1M
Total DebtLower is stronger
$4.1M
$0
Stockholders' EquityBook value
$16.3M
$630.8M
Total Assets
$51.1M
$681.0M
Debt / EquityLower = less leverage
0.25×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQST
IQST
USLM
USLM
Q4 25
$2.2M
$371.1M
Q3 25
$2.3M
$349.5M
Q2 25
$2.0M
$319.9M
Q1 25
$1.1M
$300.6M
Q4 24
$2.5M
$278.0M
Q3 24
$2.1M
$255.0M
Q2 24
$797.2K
$222.5M
Q1 24
$2.7M
$207.0M
Total Debt
IQST
IQST
USLM
USLM
Q4 25
$4.1M
$0
Q3 25
$2.7M
$0
Q2 25
$4.5M
$0
Q1 25
$3.5M
$0
Q4 24
$2.5M
$0
Q3 24
$3.2M
$0
Q2 24
$2.5M
$0
Q1 24
$194.0K
$0
Stockholders' Equity
IQST
IQST
USLM
USLM
Q4 25
$16.3M
$630.8M
Q3 25
$17.9M
$602.3M
Q2 25
$14.3M
$563.3M
Q1 25
$11.6M
$532.2M
Q4 24
$11.9M
$497.7M
Q3 24
$8.1M
$474.2M
Q2 24
$7.6M
$441.1M
Q1 24
$8.4M
$415.3M
Total Assets
IQST
IQST
USLM
USLM
Q4 25
$51.1M
$681.0M
Q3 25
$46.9M
$652.8M
Q2 25
$51.4M
$607.4M
Q1 25
$42.0M
$585.3M
Q4 24
$79.0M
$543.2M
Q3 24
$32.4M
$521.8M
Q2 24
$30.0M
$484.2M
Q1 24
$22.1M
$464.0M
Debt / Equity
IQST
IQST
USLM
USLM
Q4 25
0.25×
0.00×
Q3 25
0.15×
0.00×
Q2 25
0.31×
0.00×
Q1 25
0.31×
0.00×
Q4 24
0.21×
0.00×
Q3 24
0.40×
0.00×
Q2 24
0.34×
0.00×
Q1 24
0.02×
0.00×

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
USLM
USLM
Operating Cash FlowLast quarter
$-1.2M
$45.6M
Free Cash FlowOCF − Capex
$-1.2M
$25.7M
FCF MarginFCF / Revenue
-1.5%
29.2%
Capex IntensityCapex / Revenue
0.0%
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$-4.0M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQST
IQST
USLM
USLM
Q4 25
$-1.2M
$45.6M
Q3 25
$-953.0K
$45.9M
Q2 25
$257.7K
$34.0M
Q1 25
$-1.9M
$39.4M
Q4 24
$-403.7K
$38.6M
Q3 24
$625.0K
$39.0M
Q2 24
$-2.6M
$21.2M
Q1 24
$-536.9K
$27.2M
Free Cash Flow
IQST
IQST
USLM
USLM
Q4 25
$-1.2M
$25.7M
Q3 25
$-969.2K
$31.3M
Q2 25
$211.7K
$20.8M
Q1 25
$-2.0M
$24.6M
Q4 24
$-421.3K
$27.6M
Q3 24
$594.5K
$33.9M
Q2 24
$-2.6M
$16.8M
Q1 24
$-608.5K
$20.3M
FCF Margin
IQST
IQST
USLM
USLM
Q4 25
-1.5%
29.2%
Q3 25
-0.9%
30.7%
Q2 25
0.3%
22.7%
Q1 25
-3.4%
26.9%
Q4 24
-0.4%
34.4%
Q3 24
1.1%
37.9%
Q2 24
-3.4%
21.9%
Q1 24
-1.2%
28.4%
Capex Intensity
IQST
IQST
USLM
USLM
Q4 25
0.0%
22.6%
Q3 25
0.0%
14.4%
Q2 25
0.1%
14.5%
Q1 25
0.1%
16.3%
Q4 24
0.0%
13.8%
Q3 24
0.1%
5.8%
Q2 24
0.0%
5.7%
Q1 24
0.1%
9.5%
Cash Conversion
IQST
IQST
USLM
USLM
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
1.21×

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%

USLM
USLM

Segment breakdown not available.

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