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Side-by-side financial comparison of PIONEER POWER SOLUTIONS, INC. (PPSI) and Semler Scientific, Inc. (SMLR). Click either name above to swap in a different company.

Semler Scientific, Inc. is the larger business by last-quarter revenue ($7.5M vs $5.6M, roughly 1.3× PIONEER POWER SOLUTIONS, INC.). Semler Scientific, Inc. runs the higher net margin — 225.6% vs -24.7%, a 250.4% gap on every dollar of revenue. On growth, PIONEER POWER SOLUTIONS, INC. posted the faster year-over-year revenue change (-42.3% vs -44.6%). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -29.5%).

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.

Semler Scientific, Inc. develops, manufactures and distributes non-invasive medical diagnostic devices for chronic disease screening. Its flagship QuantaFlo system delivers fast, accurate peripheral arterial disease testing, serving hospitals, clinics, primary care practices and other healthcare providers primarily in the United States.

PPSI vs SMLR — Head-to-Head

Bigger by revenue
SMLR
SMLR
1.3× larger
SMLR
$7.5M
$5.6M
PPSI
Growing faster (revenue YoY)
PPSI
PPSI
+2.3% gap
PPSI
-42.3%
-44.6%
SMLR
Higher net margin
SMLR
SMLR
250.4% more per $
SMLR
225.6%
-24.7%
PPSI
Faster 2-yr revenue CAGR
PPSI
PPSI
Annualised
PPSI
30.3%
-29.5%
SMLR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PPSI
PPSI
SMLR
SMLR
Revenue
$5.6M
$7.5M
Net Profit
$-1.4M
$16.9M
Gross Margin
23.5%
91.5%
Operating Margin
-19.4%
-72.0%
Net Margin
-24.7%
225.6%
Revenue YoY
-42.3%
-44.6%
Net Profit YoY
-103.8%
201.3%
EPS (diluted)
$-0.12
$1.07

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
PPSI
PPSI
SMLR
SMLR
Q4 25
$5.6M
Q3 25
$6.9M
$7.5M
Q2 25
$8.4M
$8.2M
Q1 25
$6.7M
$8.8M
Q4 24
$9.8M
$12.4M
Q3 24
$6.4M
$13.5M
Q2 24
$3.4M
$14.5M
Q1 24
$3.3M
$15.9M
Net Profit
PPSI
PPSI
SMLR
SMLR
Q4 25
$-1.4M
Q3 25
$-2.4M
$16.9M
Q2 25
$-1.3M
$66.9M
Q1 25
$-929.0K
$-64.7M
Q4 24
$36.3M
$29.2M
Q3 24
$-1.1M
$5.6M
Q2 24
$-2.3M
$11.0K
Q1 24
$-1.0M
$6.1M
Gross Margin
PPSI
PPSI
SMLR
SMLR
Q4 25
23.5%
Q3 25
9.3%
91.5%
Q2 25
15.7%
91.0%
Q1 25
2.2%
89.4%
Q4 24
28.9%
91.1%
Q3 24
23.7%
91.4%
Q2 24
18.9%
91.3%
Q1 24
16.1%
92.2%
Operating Margin
PPSI
PPSI
SMLR
SMLR
Q4 25
-19.4%
Q3 25
-21.0%
-72.0%
Q2 25
-20.4%
-25.0%
Q1 25
-34.8%
-352.0%
Q4 24
-11.0%
28.5%
Q3 24
-11.1%
37.5%
Q2 24
-51.1%
37.0%
Q1 24
-52.1%
43.9%
Net Margin
PPSI
PPSI
SMLR
SMLR
Q4 25
-24.7%
Q3 25
-34.1%
225.6%
Q2 25
-15.9%
814.6%
Q1 25
-13.8%
-732.3%
Q4 24
372.1%
235.3%
Q3 24
-17.5%
41.5%
Q2 24
-67.2%
0.1%
Q1 24
-31.2%
38.2%
EPS (diluted)
PPSI
PPSI
SMLR
SMLR
Q4 25
$-0.12
Q3 25
$-0.21
$1.07
Q2 25
$-0.12
$5.04
Q1 25
$-0.09
$-6.74
Q4 24
$3.31
$3.63
Q3 24
$-0.10
$0.72
Q2 24
$-0.21
$0.00
Q1 24
$-0.10
$0.78

Balance Sheet & Financial Strength

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

Metric
PPSI
PPSI
SMLR
SMLR
Cash + ST InvestmentsLiquidity on hand
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.3M
$459.7M
Total Assets
$35.5M
$596.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPSI
PPSI
SMLR
SMLR
Q4 25
Q3 25
$10.2M
Q2 25
$18.0M
$13.5M
Q1 25
$25.8M
$9.7M
Q4 24
$41.6M
$8.8M
Q3 24
$3.1M
$6.6M
Q2 24
$6.5M
$7.3M
Q1 24
$6.2M
$62.8M
Stockholders' Equity
PPSI
PPSI
SMLR
SMLR
Q4 25
$29.3M
Q3 25
$30.7M
$459.7M
Q2 25
$33.0M
$383.4M
Q1 25
$34.5M
$161.7M
Q4 24
$35.4M
$230.8M
Q3 24
$14.7M
$85.4M
Q2 24
$15.8M
$78.4M
Q1 24
$18.1M
$77.9M
Total Assets
PPSI
PPSI
SMLR
SMLR
Q4 25
$35.5M
Q3 25
$37.6M
$596.7M
Q2 25
$39.1M
$522.6M
Q1 25
$47.5M
$293.4M
Q4 24
$66.0M
$239.8M
Q3 24
$40.1M
$92.2M
Q2 24
$38.0M
$84.8M
Q1 24
$39.3M
$83.9M

Cash Flow & Capital Efficiency

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

Metric
PPSI
PPSI
SMLR
SMLR
Operating Cash FlowLast quarter
$-1.0M
$-33.0M
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-38.8%
Capex IntensityCapex / Revenue
20.3%
Cash ConversionOCF / Net Profit
-1.95×
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PPSI
PPSI
SMLR
SMLR
Q4 25
$-1.0M
Q3 25
$-817.0K
$-33.0M
Q2 25
$-5.5M
$514.0K
Q1 25
$1.5M
$-1.9M
Q4 24
$-2.1M
$7.4M
Q3 24
$-2.7M
$6.4M
Q2 24
$571.0K
$4.9M
Q1 24
$-1.9M
$5.6M
Free Cash Flow
PPSI
PPSI
SMLR
SMLR
Q4 25
$-2.2M
Q3 25
$-1.6M
Q2 25
$-5.6M
Q1 25
$907.0K
Q4 24
$-4.6M
$7.4M
Q3 24
$-3.4M
Q2 24
$170.0K
$4.9M
Q1 24
$-2.2M
$5.6M
FCF Margin
PPSI
PPSI
SMLR
SMLR
Q4 25
-38.8%
Q3 25
-23.4%
Q2 25
-67.0%
Q1 25
13.5%
Q4 24
-46.9%
59.8%
Q3 24
-53.0%
Q2 24
5.0%
33.8%
Q1 24
-65.2%
35.3%
Capex Intensity
PPSI
PPSI
SMLR
SMLR
Q4 25
20.3%
Q3 25
11.5%
Q2 25
1.7%
Q1 25
8.8%
Q4 24
25.4%
0.0%
Q3 24
10.3%
0.0%
Q2 24
11.8%
0.3%
Q1 24
6.4%
0.0%
Cash Conversion
PPSI
PPSI
SMLR
SMLR
Q4 25
Q3 25
-1.95×
Q2 25
0.01×
Q1 25
Q4 24
-0.06×
0.25×
Q3 24
1.15×
Q2 24
448.55×
Q1 24
0.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PPSI
PPSI

Total Revenue$4.0M70%
Other$1.7M30%

SMLR
SMLR

Segment breakdown not available.

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