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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and AT&T (T). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $153.1M, roughly 205.8× CPI Card Group Inc.). AT&T runs the higher net margin — 13.3% vs 4.8%, a 8.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 2.9%). AT&T produced more free cash flow last quarter ($2.5B vs $35.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 2.8%).
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.
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.
PMTS vs T — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $31.5B |
| Net Profit | $7.3M | $4.2B |
| Gross Margin | 31.5% | — |
| Operating Margin | 12.0% | 21.1% |
| Net Margin | 4.8% | 13.3% |
| Revenue YoY | 22.3% | 2.9% |
| Net Profit YoY | 8.5% | -10.9% |
| EPS (diluted) | $0.62 | $0.54 |
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.
| Q1 26 | — | $31.5B | ||
| Q4 25 | $153.1M | $33.5B | ||
| Q3 25 | $138.0M | $30.7B | ||
| Q2 25 | $129.8M | $30.8B | ||
| Q1 25 | $122.8M | $30.6B | ||
| Q4 24 | $125.1M | $32.3B | ||
| Q3 24 | $124.8M | $30.2B | ||
| Q2 24 | $118.8M | $29.8B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.3M | $3.8B | ||
| Q3 25 | $2.3M | $9.3B | ||
| Q2 25 | $518.0K | $4.5B | ||
| Q1 25 | $4.8M | $4.4B | ||
| Q4 24 | $6.8M | $4.1B | ||
| Q3 24 | $1.3M | $-174.0M | ||
| Q2 24 | $6.0M | $3.6B |
| Q1 26 | — | — | ||
| 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 26 | — | 21.1% | ||
| Q4 25 | 12.0% | 17.3% | ||
| Q3 25 | 9.4% | 19.9% | ||
| Q2 25 | 7.3% | 21.1% | ||
| Q1 25 | 11.5% | 18.8% | ||
| Q4 24 | 12.7% | 16.5% | ||
| Q3 24 | 14.3% | 7.0% | ||
| Q2 24 | 12.5% | 19.3% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | 4.8% | 11.3% | ||
| Q3 25 | 1.7% | 30.3% | ||
| Q2 25 | 0.4% | 14.6% | ||
| Q1 25 | 3.9% | 14.2% | ||
| Q4 24 | 5.4% | 12.6% | ||
| Q3 24 | 1.0% | -0.6% | ||
| Q2 24 | 5.1% | 12.1% |
| Q1 26 | — | $0.54 | ||
| Q4 25 | $0.62 | $0.52 | ||
| Q3 25 | $0.19 | $1.29 | ||
| Q2 25 | $0.04 | $0.62 | ||
| Q1 25 | $0.40 | $0.61 | ||
| Q4 24 | $0.56 | $0.56 | ||
| Q3 24 | $0.11 | $-0.03 | ||
| Q2 24 | $0.51 | $0.49 |
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 | $12.0B |
| Total DebtLower is stronger | $286.7M | $131.6B |
| Stockholders' EquityBook value | $-17.3M | $125.6B |
| Total Assets | $403.2M | $421.2B |
| Debt / EquityLower = less leverage | — | 1.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.0B | ||
| Q4 25 | $21.7M | $18.2B | ||
| Q3 25 | $16.0M | $20.3B | ||
| Q2 25 | $17.1M | $10.5B | ||
| Q1 25 | $31.5M | $6.9B | ||
| Q4 24 | $33.5M | $3.3B | ||
| Q3 24 | $14.7M | $2.6B | ||
| Q2 24 | $7.5M | $3.1B |
| Q1 26 | — | $131.6B | ||
| Q4 25 | $286.7M | $127.1B | ||
| Q3 25 | $308.4M | $128.1B | ||
| Q2 25 | $310.9M | $123.1B | ||
| Q1 25 | $280.7M | $117.3B | ||
| Q4 24 | $280.4M | $118.4B | ||
| Q3 24 | $280.2M | $126.4B | ||
| Q2 24 | $269.7M | $125.4B |
| Q1 26 | — | $125.6B | ||
| Q4 25 | $-17.3M | $126.5B | ||
| Q3 25 | $-25.7M | $126.8B | ||
| Q2 25 | $-29.0M | $121.4B | ||
| Q1 25 | $-29.7M | $119.9B | ||
| Q4 24 | $-35.6M | $118.2B | ||
| Q3 24 | $-42.8M | $116.3B | ||
| Q2 24 | $-44.6M | $119.3B |
| Q1 26 | — | $421.2B | ||
| Q4 25 | $403.2M | $420.2B | ||
| Q3 25 | $407.1M | $423.2B | ||
| Q2 25 | $399.8M | $405.5B | ||
| Q1 25 | $351.9M | $397.5B | ||
| Q4 24 | $349.7M | $394.8B | ||
| Q3 24 | $342.3M | $393.7B | ||
| Q2 24 | $321.4M | $398.0B |
| Q1 26 | — | 1.05× | ||
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.05× |
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 | $7.6B |
| Free Cash FlowOCF − Capex | $35.2M | $2.5B |
| FCF MarginFCF / Revenue | 23.0% | 8.0% |
| Capex IntensityCapex / Revenue | 2.9% | 15.5% |
| Cash ConversionOCF / Net Profit | 5.39× | 1.82× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.6B | ||
| Q4 25 | $39.6M | $11.3B | ||
| Q3 25 | $10.0M | $10.2B | ||
| Q2 25 | $4.3M | $9.8B | ||
| Q1 25 | $5.6M | $9.0B | ||
| Q4 24 | $26.7M | $11.9B | ||
| Q3 24 | $12.5M | $10.2B | ||
| Q2 24 | $-4.8M | $9.1B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $35.2M | $4.5B | ||
| Q3 25 | $5.3M | $5.3B | ||
| Q2 25 | $533.0K | $4.9B | ||
| Q1 25 | $292.0K | $4.8B | ||
| Q4 24 | $21.6M | $5.1B | ||
| Q3 24 | $11.1M | $4.9B | ||
| Q2 24 | $-6.0M | $4.7B |
| Q1 26 | — | 8.0% | ||
| Q4 25 | 23.0% | 13.6% | ||
| Q3 25 | 3.8% | 17.1% | ||
| Q2 25 | 0.4% | 15.8% | ||
| Q1 25 | 0.2% | 15.6% | ||
| Q4 24 | 17.3% | 15.6% | ||
| Q3 24 | 8.9% | 16.3% | ||
| Q2 24 | -5.0% | 15.9% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | 2.9% | 20.3% | ||
| Q3 25 | 3.4% | 15.9% | ||
| Q2 25 | 2.9% | 15.9% | ||
| Q1 25 | 4.3% | 14.0% | ||
| Q4 24 | 4.0% | 21.2% | ||
| Q3 24 | 1.2% | 17.5% | ||
| Q2 24 | 1.0% | 14.6% |
| Q1 26 | — | 1.82× | ||
| Q4 25 | 5.39× | 2.99× | ||
| Q3 25 | 4.32× | 1.09× | ||
| Q2 25 | 8.39× | 2.17× | ||
| Q1 25 | 1.17× | 2.08× | ||
| Q4 24 | 3.94× | 2.92× | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | 2.53× |
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% |
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
