vs
Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and P10, Inc. (PX). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $81.0M, roughly 1.9× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs 4.8%, a 6.9% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -4.7%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $18.1M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 10.7%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PMTS vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $81.0M |
| Net Profit | $7.3M | $9.5M |
| Gross Margin | 31.5% | — |
| Operating Margin | 12.0% | 31.9% |
| Net Margin | 4.8% | 11.7% |
| Revenue YoY | 22.3% | -4.7% |
| Net Profit YoY | 8.5% | 79.0% |
| EPS (diluted) | $0.62 | $0.08 |
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 | $153.1M | $81.0M | ||
| Q3 25 | $138.0M | $75.9M | ||
| Q2 25 | $129.8M | $72.7M | ||
| Q1 25 | $122.8M | $67.7M | ||
| Q4 24 | $125.1M | $85.0M | ||
| Q3 24 | $124.8M | $74.2M | ||
| Q2 24 | $118.8M | $71.1M | ||
| Q1 24 | $111.9M | $66.1M |
| Q4 25 | $7.3M | $9.5M | ||
| Q3 25 | $2.3M | $2.1M | ||
| Q2 25 | $518.0K | $3.4M | ||
| Q1 25 | $4.8M | $4.5M | ||
| Q4 24 | $6.8M | $5.3M | ||
| Q3 24 | $1.3M | $1.4M | ||
| Q2 24 | $6.0M | $7.0M | ||
| Q1 24 | $5.5M | $5.0M |
| Q4 25 | 31.5% | — | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 35.7% | — | ||
| Q1 24 | 37.1% | — |
| Q4 25 | 12.0% | 31.9% | ||
| Q3 25 | 9.4% | 14.1% | ||
| Q2 25 | 7.3% | 24.4% | ||
| Q1 25 | 11.5% | 16.6% | ||
| Q4 24 | 12.7% | 26.9% | ||
| Q3 24 | 14.3% | 11.9% | ||
| Q2 24 | 12.5% | 23.7% | ||
| Q1 24 | 12.6% | 18.3% |
| Q4 25 | 4.8% | 11.7% | ||
| Q3 25 | 1.7% | 2.8% | ||
| Q2 25 | 0.4% | 4.7% | ||
| Q1 25 | 3.9% | 6.7% | ||
| Q4 24 | 5.4% | 6.2% | ||
| Q3 24 | 1.0% | 1.9% | ||
| Q2 24 | 5.1% | 9.8% | ||
| Q1 24 | 4.9% | 7.6% |
| Q4 25 | $0.62 | $0.08 | ||
| Q3 25 | $0.19 | $0.02 | ||
| Q2 25 | $0.04 | $0.03 | ||
| Q1 25 | $0.40 | $0.04 | ||
| Q4 24 | $0.56 | $0.05 | ||
| Q3 24 | $0.11 | $0.01 | ||
| Q2 24 | $0.51 | $0.06 | ||
| Q1 24 | $0.46 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.7M | $28.2M |
| Total DebtLower is stronger | $286.7M | $373.2M |
| Stockholders' EquityBook value | $-17.3M | $403.5M |
| Total Assets | $403.2M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $28.2M | ||
| Q3 25 | $16.0M | $40.0M | ||
| Q2 25 | $17.1M | $33.4M | ||
| Q1 25 | $31.5M | $74.4M | ||
| Q4 24 | $33.5M | $67.5M | ||
| Q3 24 | $14.7M | $61.5M | ||
| Q2 24 | $7.5M | $31.2M | ||
| Q1 24 | $17.1M | $29.0M |
| Q4 25 | $286.7M | $373.2M | ||
| Q3 25 | $308.4M | $393.4M | ||
| Q2 25 | $310.9M | $373.0M | ||
| Q1 25 | $280.7M | $357.2M | ||
| Q4 24 | $280.4M | $319.8M | ||
| Q3 24 | $280.2M | $319.4M | ||
| Q2 24 | $269.7M | $300.6M | ||
| Q1 24 | $265.3M | $314.0M |
| Q4 25 | $-17.3M | $403.5M | ||
| Q3 25 | $-25.7M | $396.8M | ||
| Q2 25 | $-29.0M | $388.9M | ||
| Q1 25 | $-29.7M | $374.3M | ||
| Q4 24 | $-35.6M | $386.9M | ||
| Q3 24 | $-42.8M | $394.1M | ||
| Q2 24 | $-44.6M | $396.9M | ||
| Q1 24 | $-48.5M | $400.1M |
| Q4 25 | $403.2M | $928.3M | ||
| Q3 25 | $407.1M | $936.0M | ||
| Q2 25 | $399.8M | $932.2M | ||
| Q1 25 | $351.9M | $877.4M | ||
| Q4 24 | $349.7M | $869.3M | ||
| Q3 24 | $342.3M | $857.0M | ||
| Q2 24 | $321.4M | $823.2M | ||
| Q1 24 | $319.8M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $39.6M | $23.0M |
| Free Cash FlowOCF − Capex | $35.2M | $18.1M |
| FCF MarginFCF / Revenue | 23.0% | 22.3% |
| Capex IntensityCapex / Revenue | 2.9% | 6.0% |
| Cash ConversionOCF / Net Profit | 5.39× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $23.0M | ||
| Q3 25 | $10.0M | $-8.6M | ||
| Q2 25 | $4.3M | $13.4M | ||
| Q1 25 | $5.6M | $-4.7M | ||
| Q4 24 | $26.7M | $101.0M | ||
| Q3 24 | $12.5M | $27.5M | ||
| Q2 24 | $-4.8M | $34.8M | ||
| Q1 24 | $8.9M | $11.0M |
| Q4 25 | $35.2M | $18.1M | ||
| Q3 25 | $5.3M | $-9.5M | ||
| Q2 25 | $533.0K | $11.6M | ||
| Q1 25 | $292.0K | $-6.0M | ||
| Q4 24 | $21.6M | $96.6M | ||
| Q3 24 | $11.1M | $25.2M | ||
| Q2 24 | $-6.0M | $33.9M | ||
| Q1 24 | $7.4M | $10.7M |
| Q4 25 | 23.0% | 22.3% | ||
| Q3 25 | 3.8% | -12.6% | ||
| Q2 25 | 0.4% | 15.9% | ||
| Q1 25 | 0.2% | -8.9% | ||
| Q4 24 | 17.3% | 113.6% | ||
| Q3 24 | 8.9% | 34.0% | ||
| Q2 24 | -5.0% | 47.7% | ||
| Q1 24 | 6.6% | 16.2% |
| Q4 25 | 2.9% | 6.0% | ||
| Q3 25 | 3.4% | 1.2% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 4.3% | 1.9% | ||
| Q4 24 | 4.0% | 5.2% | ||
| Q3 24 | 1.2% | 3.0% | ||
| Q2 24 | 1.0% | 1.3% | ||
| Q1 24 | 1.3% | 0.4% |
| Q4 25 | 5.39× | 2.43× | ||
| Q3 25 | 4.32× | -4.01× | ||
| Q2 25 | 8.39× | 3.96× | ||
| Q1 25 | 1.17× | -1.05× | ||
| Q4 24 | 3.94× | 19.12× | ||
| Q3 24 | 9.70× | 19.54× | ||
| Q2 24 | -0.79× | 4.98× | ||
| Q1 24 | 1.63× | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
