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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and Pyxis Tankers Inc. (PXS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $17.0M, roughly 1.5× Pyxis Tankers Inc.). Pyxis Tankers Inc. runs the higher net margin — 31.3% vs -193.3%, a 224.6% gap on every dollar of revenue.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

NAAS vs PXS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.5× larger
NAAS
$25.9M
$17.0M
PXS
Higher net margin
PXS
PXS
224.6% more per $
PXS
31.3%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q3 FY2022

Metric
NAAS
NAAS
PXS
PXS
Revenue
$25.9M
$17.0M
Net Profit
$-50.0M
$5.3M
Gross Margin
29.2%
Operating Margin
-144.2%
37.2%
Net Margin
-193.3%
31.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-0.02
$0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
PXS
PXS
Cash + ST InvestmentsLiquidity on hand
$24.7M
$4.3M
Total DebtLower is stronger
$67.3M
Stockholders' EquityBook value
$-33.4M
$54.9M
Total Assets
$180.2M
$138.1M
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
PXS
PXS
Q2 24
$24.7M
Q3 22
$4.3M
Total Debt
NAAS
NAAS
PXS
PXS
Q2 24
Q3 22
$67.3M
Stockholders' Equity
NAAS
NAAS
PXS
PXS
Q2 24
$-33.4M
Q3 22
$54.9M
Total Assets
NAAS
NAAS
PXS
PXS
Q2 24
$180.2M
Q3 22
$138.1M
Debt / Equity
NAAS
NAAS
PXS
PXS
Q2 24
Q3 22
1.23×

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
PXS
PXS
Operating Cash FlowLast quarter
$-25.7M
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
PXS
PXS
Q2 24
$-25.7M
Q3 22
$2.4M
Capex Intensity
NAAS
NAAS
PXS
PXS
Q2 24
Q3 22
0.0%
Cash Conversion
NAAS
NAAS
PXS
PXS
Q2 24
Q3 22
0.45×

Financial Flow Comparison

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

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