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Side-by-side financial comparison of Pineapple Financial Inc. (PAPL) and Power REIT (PW). Click either name above to swap in a different company.

Pineapple Financial Inc. is the larger business by last-quarter revenue ($707.3K vs $506.1K, roughly 1.4× Power REIT). Power REIT runs the higher net margin — -262.1% vs -2756.2%, a 2494.1% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -11.2%). Over the past eight quarters, Pineapple Financial Inc.'s revenue compounded faster (-2.0% CAGR vs -2.7%).

H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the eighth largest REIT in Canada by market capitalization, following its 2021 strategic review, which included the sale of its Bow office tower and spin-off of Primaris REIT. H&R's portfolio spans 25.6 million sq.ft., 70% by value located in the United States and 49% focused on multi-residential properties, with the remainder inc...

PAPL vs PW — Head-to-Head

Bigger by revenue
PAPL
PAPL
1.4× larger
PAPL
$707.3K
$506.1K
PW
Growing faster (revenue YoY)
PAPL
PAPL
+6.3% gap
PAPL
-4.8%
-11.2%
PW
Higher net margin
PW
PW
2494.1% more per $
PW
-262.1%
-2756.2%
PAPL
Faster 2-yr revenue CAGR
PAPL
PAPL
Annualised
PAPL
-2.0%
-2.7%
PW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PAPL
PAPL
PW
PW
Revenue
$707.3K
$506.1K
Net Profit
$-19.5M
$-1.3M
Gross Margin
48.9%
Operating Margin
-2518.8%
Net Margin
-2756.2%
-262.1%
Revenue YoY
-4.8%
-11.2%
Net Profit YoY
-3174.1%
58.1%
EPS (diluted)
$-1.21
$-0.43

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
PAPL
PAPL
PW
PW
Q1 26
$707.3K
Q4 25
$721.7K
$506.1K
Q3 25
$730.5K
$513.1K
Q2 25
$746.9K
$506.8K
Q1 25
$743.3K
$485.8K
Q4 24
$766.1K
$569.8K
Q3 24
$598.3K
$1.4M
Q2 24
$736.4K
$519.3K
Net Profit
PAPL
PAPL
PW
PW
Q1 26
$-19.5M
Q4 25
$-6.4M
$-1.3M
Q3 25
$-1.8M
$223.6K
Q2 25
$-557.7K
$320.9K
Q1 25
$-595.4K
$-1.4M
Q4 24
$-656.9K
$-3.2M
Q3 24
$-1.7M
$-325.0K
Q2 24
$-848.6K
$-19.1M
Gross Margin
PAPL
PAPL
PW
PW
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
PAPL
PAPL
PW
PW
Q1 26
-2518.8%
Q4 25
-909.1%
Q3 25
-131.3%
Q2 25
-93.3%
Q1 25
-80.6%
Q4 24
-90.5%
Q3 24
-232.8%
Q2 24
-121.7%
Net Margin
PAPL
PAPL
PW
PW
Q1 26
-2756.2%
Q4 25
-891.6%
-262.1%
Q3 25
-250.3%
43.6%
Q2 25
-74.7%
63.3%
Q1 25
-80.1%
-290.9%
Q4 24
-85.7%
-555.2%
Q3 24
-283.9%
-22.8%
Q2 24
-115.2%
-3686.4%
EPS (diluted)
PAPL
PAPL
PW
PW
Q1 26
$-1.21
Q4 25
$-4.79
$-0.43
Q3 25
$-0.93
$0.02
Q2 25
$-0.05
$0.05
Q1 25
$-1.73
$-0.47
Q4 24
$-2.60
$-0.98
Q3 24
$-11.10
$-0.14
Q2 24
$-0.12
$-5.70

Balance Sheet & Financial Strength

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

Metric
PAPL
PAPL
PW
PW
Cash + ST InvestmentsLiquidity on hand
$2.2M
Total DebtLower is stronger
$20.4M
Stockholders' EquityBook value
$27.1M
$5.1M
Total Assets
$48.9M
$26.9M
Debt / EquityLower = less leverage
3.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAPL
PAPL
PW
PW
Q1 26
Q4 25
$2.2M
Q3 25
$2.0M
Q2 25
$1.5M
Q1 25
$2.0M
Q4 24
$2.2M
Q3 24
$2.2M
Q2 24
$2.5M
Total Debt
PAPL
PAPL
PW
PW
Q1 26
Q4 25
$20.4M
Q3 25
$20.5M
Q2 25
$20.9M
Q1 25
$38.8M
Q4 24
$37.9M
Q3 24
$37.5M
Q2 24
$37.4M
Stockholders' Equity
PAPL
PAPL
PW
PW
Q1 26
$27.1M
Q4 25
$-5.5M
$5.1M
Q3 25
$906.7K
$6.2M
Q2 25
$842.6K
$5.9M
Q1 25
$739.7K
$5.5M
Q4 24
$1.3M
$6.8M
Q3 24
$1.3M
$9.8M
Q2 24
$2.0M
$10.0M
Total Assets
PAPL
PAPL
PW
PW
Q1 26
$48.9M
Q4 25
$10.6M
$26.9M
Q3 25
$5.4M
$28.0M
Q2 25
$4.7M
$27.9M
Q1 25
$4.0M
$45.6M
Q4 24
$4.1M
$46.1M
Q3 24
$4.1M
$48.4M
Q2 24
$4.3M
$49.8M
Debt / Equity
PAPL
PAPL
PW
PW
Q1 26
Q4 25
3.97×
Q3 25
3.30×
Q2 25
3.51×
Q1 25
7.07×
Q4 24
5.61×
Q3 24
3.84×
Q2 24
3.76×

Cash Flow & Capital Efficiency

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

Metric
PAPL
PAPL
PW
PW
Operating Cash FlowLast quarter
$-3.3M
$-68.3K
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAPL
PAPL
PW
PW
Q1 26
$-3.3M
Q4 25
$-489.7K
$-68.3K
Q3 25
$-507.6K
$476.4K
Q2 25
$397.0K
$-240.5K
Q1 25
$-172.6K
$-436.6K
Q4 24
$-663.6K
$-1.4M
Q3 24
$-264.7K
$-161.8K
Q2 24
$123.0K
$-541.5K
Free Cash Flow
PAPL
PAPL
PW
PW
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
PAPL
PAPL
PW
PW
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
PAPL
PAPL
PW
PW
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
PAPL
PAPL
PW
PW
Q1 26
Q4 25
Q3 25
2.13×
Q2 25
-0.75×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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