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Side-by-side financial comparison of PIONEER POWER SOLUTIONS, INC. (PPSI) and TOP Financial Group Ltd (TOP). 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 $2.9M, roughly 2.0× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -24.7%, a 31.4% gap on every dollar of revenue.

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.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

PPSI vs TOP — Head-to-Head

Bigger by revenue
PPSI
PPSI
2.0× larger
PPSI
$5.6M
$2.9M
TOP
Higher net margin
TOP
TOP
31.4% more per $
TOP
6.6%
-24.7%
PPSI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PPSI
PPSI
TOP
TOP
Revenue
$5.6M
$2.9M
Net Profit
$-1.4M
$190.5K
Gross Margin
23.5%
Operating Margin
-19.4%
Net Margin
-24.7%
6.6%
Revenue YoY
-42.3%
Net Profit YoY
-103.8%
EPS (diluted)
$-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.

Revenue
PPSI
PPSI
TOP
TOP
Q4 25
$5.6M
Q3 25
$6.9M
$2.9M
Q2 25
$8.4M
Q1 25
$6.7M
Q4 24
$9.8M
Q3 24
$6.4M
Q2 24
$3.4M
Q1 24
$3.3M
Net Profit
PPSI
PPSI
TOP
TOP
Q4 25
$-1.4M
Q3 25
$-2.4M
$190.5K
Q2 25
$-1.3M
Q1 25
$-929.0K
Q4 24
$36.3M
Q3 24
$-1.1M
Q2 24
$-2.3M
Q1 24
$-1.0M
Gross Margin
PPSI
PPSI
TOP
TOP
Q4 25
23.5%
Q3 25
9.3%
Q2 25
15.7%
Q1 25
2.2%
Q4 24
28.9%
Q3 24
23.7%
Q2 24
18.9%
Q1 24
16.1%
Operating Margin
PPSI
PPSI
TOP
TOP
Q4 25
-19.4%
Q3 25
-21.0%
Q2 25
-20.4%
Q1 25
-34.8%
Q4 24
-11.0%
Q3 24
-11.1%
Q2 24
-51.1%
Q1 24
-52.1%
Net Margin
PPSI
PPSI
TOP
TOP
Q4 25
-24.7%
Q3 25
-34.1%
6.6%
Q2 25
-15.9%
Q1 25
-13.8%
Q4 24
372.1%
Q3 24
-17.5%
Q2 24
-67.2%
Q1 24
-31.2%
EPS (diluted)
PPSI
PPSI
TOP
TOP
Q4 25
$-0.12
Q3 25
$-0.21
Q2 25
$-0.12
Q1 25
$-0.09
Q4 24
$3.31
Q3 24
$-0.10
Q2 24
$-0.21
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
PPSI
PPSI
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.3M
$35.0M
Total Assets
$35.5M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPSI
PPSI
TOP
TOP
Q4 25
Q3 25
$14.8M
Q2 25
$18.0M
Q1 25
$25.8M
Q4 24
$41.6M
Q3 24
$3.1M
Q2 24
$6.5M
Q1 24
$6.2M
Stockholders' Equity
PPSI
PPSI
TOP
TOP
Q4 25
$29.3M
Q3 25
$30.7M
$35.0M
Q2 25
$33.0M
Q1 25
$34.5M
Q4 24
$35.4M
Q3 24
$14.7M
Q2 24
$15.8M
Q1 24
$18.1M
Total Assets
PPSI
PPSI
TOP
TOP
Q4 25
$35.5M
Q3 25
$37.6M
$64.1M
Q2 25
$39.1M
Q1 25
$47.5M
Q4 24
$66.0M
Q3 24
$40.1M
Q2 24
$38.0M
Q1 24
$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
PPSI
PPSI
TOP
TOP
Operating Cash FlowLast quarter
$-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.

Operating Cash Flow
PPSI
PPSI
TOP
TOP
Q4 25
$-1.0M
Q3 25
$-817.0K
Q2 25
$-5.5M
Q1 25
$1.5M
Q4 24
$-2.1M
Q3 24
$-2.7M
Q2 24
$571.0K
Q1 24
$-1.9M
Free Cash Flow
PPSI
PPSI
TOP
TOP
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
FCF Margin
PPSI
PPSI
TOP
TOP
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%
Capex Intensity
PPSI
PPSI
TOP
TOP
Q4 25
20.3%
Q3 25
11.5%
Q2 25
1.7%
Q1 25
8.8%
Q4 24
25.4%
Q3 24
10.3%
Q2 24
11.8%
Q1 24
6.4%
Cash Conversion
PPSI
PPSI
TOP
TOP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.06×
Q3 24
Q2 24
Q1 24

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%

TOP
TOP

Segment breakdown not available.

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