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Side-by-side financial comparison of Polar Power, Inc. (POLA) and PIONEER POWER SOLUTIONS, INC. (PPSI). Click either name above to swap in a different company.
PIONEER POWER SOLUTIONS, INC. is the larger business by last-quarter revenue ($5.6M vs $1.3M, roughly 4.4× Polar Power, Inc.). PIONEER POWER SOLUTIONS, INC. runs the higher net margin — -24.7% vs -320.9%, a 296.2% gap on every dollar of revenue. On growth, PIONEER POWER SOLUTIONS, INC. posted the faster year-over-year revenue change (-42.3% vs -74.1%). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -40.6%).
Polar Electro Oy is a Finnish manufacturer of sports training computers, particularly known for developing the world's first wireless heart rate monitor.
Caterpillar Energy Solutions GmbH, is a mechanical engineering company based in Mannheim, Baden-Württemberg, Germany. It was known as MWM GmbH Motoren-Werke Mannheim (MWM) until November 2013. In 2009 the company was the third-largest producer by revenue of gas and diesel engines.
POLA vs PPSI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3M | $5.6M |
| Net Profit | $-4.1M | $-1.4M |
| Gross Margin | -177.5% | 23.5% |
| Operating Margin | -304.6% | -19.4% |
| Net Margin | -320.9% | -24.7% |
| Revenue YoY | -74.1% | -42.3% |
| Net Profit YoY | -31523.1% | -103.8% |
| EPS (diluted) | $-1.63 | $-0.12 |
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 | — | $5.6M | ||
| Q3 25 | $1.3M | $6.9M | ||
| Q2 25 | $2.7M | $8.4M | ||
| Q1 25 | $1.7M | $6.7M | ||
| Q4 24 | $2.6M | $9.8M | ||
| Q3 24 | $4.9M | $6.4M | ||
| Q2 24 | $4.7M | $3.4M | ||
| Q1 24 | $1.8M | $3.3M |
| Q4 25 | — | $-1.4M | ||
| Q3 25 | $-4.1M | $-2.4M | ||
| Q2 25 | $-271.0K | $-1.3M | ||
| Q1 25 | $-1.3M | $-929.0K | ||
| Q4 24 | $-3.0M | $36.3M | ||
| Q3 24 | $13.0K | $-1.1M | ||
| Q2 24 | $501.0K | $-2.3M | ||
| Q1 24 | $-2.1M | $-1.0M |
| Q4 25 | — | 23.5% | ||
| Q3 25 | -177.5% | 9.3% | ||
| Q2 25 | 34.3% | 15.7% | ||
| Q1 25 | 18.6% | 2.2% | ||
| Q4 24 | -58.8% | 28.9% | ||
| Q3 24 | 29.0% | 23.7% | ||
| Q2 24 | 39.3% | 18.9% | ||
| Q1 24 | -22.6% | 16.1% |
| Q4 25 | — | -19.4% | ||
| Q3 25 | -304.6% | -21.0% | ||
| Q2 25 | -4.1% | -20.4% | ||
| Q1 25 | -63.9% | -34.8% | ||
| Q4 24 | -110.5% | -11.0% | ||
| Q3 24 | 0.8% | -11.1% | ||
| Q2 24 | 9.9% | -51.1% | ||
| Q1 24 | -111.5% | -52.1% |
| Q4 25 | — | -24.7% | ||
| Q3 25 | -320.9% | -34.1% | ||
| Q2 25 | -10.0% | -15.9% | ||
| Q1 25 | -73.4% | -13.8% | ||
| Q4 24 | -116.3% | 372.1% | ||
| Q3 24 | 0.3% | -17.5% | ||
| Q2 24 | 10.8% | -67.2% | ||
| Q1 24 | -120.7% | -31.2% |
| Q4 25 | — | $-0.12 | ||
| Q3 25 | $-1.63 | $-0.21 | ||
| Q2 25 | $-0.11 | $-0.12 | ||
| Q1 25 | $-0.50 | $-0.09 | ||
| Q4 24 | $-1.22 | $3.31 | ||
| Q3 24 | $0.01 | $-0.10 | ||
| Q2 24 | $0.20 | $-0.21 | ||
| Q1 24 | $-0.85 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.0K | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9M | $29.3M |
| Total Assets | $12.3M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $4.0K | — | ||
| Q2 25 | $175.0K | $18.0M | ||
| Q1 25 | $68.0K | $25.8M | ||
| Q4 24 | $498.0K | $41.6M | ||
| Q3 24 | $498.0K | $3.1M | ||
| Q2 24 | $1.1M | $6.5M | ||
| Q1 24 | $212.0K | $6.2M |
| Q4 25 | — | $29.3M | ||
| Q3 25 | $2.9M | $30.7M | ||
| Q2 25 | $7.0M | $33.0M | ||
| Q1 25 | $7.3M | $34.5M | ||
| Q4 24 | $8.5M | $35.4M | ||
| Q3 24 | $11.6M | $14.7M | ||
| Q2 24 | $11.5M | $15.8M | ||
| Q1 24 | $11.0M | $18.1M |
| Q4 25 | — | $35.5M | ||
| Q3 25 | $12.3M | $37.6M | ||
| Q2 25 | $16.5M | $39.1M | ||
| Q1 25 | $16.6M | $47.5M | ||
| Q4 24 | $17.5M | $66.0M | ||
| Q3 24 | $20.9M | $40.1M | ||
| Q2 24 | $22.2M | $38.0M | ||
| Q1 24 | $23.9M | $39.3M |
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 | $399.0K | $-1.0M |
| Free Cash FlowOCF − Capex | — | $-2.2M |
| FCF MarginFCF / Revenue | — | -38.8% |
| Capex IntensityCapex / Revenue | — | 20.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.0M | ||
| Q3 25 | $399.0K | $-817.0K | ||
| Q2 25 | $-404.0K | $-5.5M | ||
| Q1 25 | $-584.0K | $1.5M | ||
| Q4 24 | $-136.0K | $-2.1M | ||
| Q3 24 | $-590.0K | $-2.7M | ||
| Q2 24 | $1.2M | $571.0K | ||
| Q1 24 | $-989.0K | $-1.9M |
| Q4 25 | — | $-2.2M | ||
| Q3 25 | — | $-1.6M | ||
| Q2 25 | — | $-5.6M | ||
| Q1 25 | — | $907.0K | ||
| Q4 24 | — | $-4.6M | ||
| Q3 24 | — | $-3.4M | ||
| Q2 24 | — | $170.0K | ||
| Q1 24 | — | $-2.2M |
| Q4 25 | — | -38.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | -67.0% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | -46.9% | ||
| Q3 24 | — | -53.0% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | -65.2% |
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | 0.0% | 10.3% | ||
| Q2 24 | — | 11.8% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -0.06× | ||
| Q3 24 | -45.38× | — | ||
| Q2 24 | 2.35× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
POLA
| Telecommunications | $1.2M | 92% |
| Other | $101.0K | 8% |
PPSI
| Total Revenue | $4.0M | 70% |
| Other | $1.7M | 30% |
