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Side-by-side financial comparison of PIONEER POWER SOLUTIONS, INC. (PPSI) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $5.6M, roughly 1.6× PIONEER POWER SOLUTIONS, INC.). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -24.7%, a 53.1% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -42.3%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-2.2M). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -10.7%).

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.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

PPSI vs UTMD — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.6× larger
UTMD
$9.0M
$5.6M
PPSI
Growing faster (revenue YoY)
UTMD
UTMD
+41.1% gap
UTMD
-1.2%
-42.3%
PPSI
Higher net margin
UTMD
UTMD
53.1% more per $
UTMD
28.4%
-24.7%
PPSI
More free cash flow
UTMD
UTMD
$5.6M more FCF
UTMD
$3.4M
$-2.2M
PPSI
Faster 2-yr revenue CAGR
PPSI
PPSI
Annualised
PPSI
30.3%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PPSI
PPSI
UTMD
UTMD
Revenue
$5.6M
$9.0M
Net Profit
$-1.4M
$2.6M
Gross Margin
23.5%
58.2%
Operating Margin
-19.4%
27.0%
Net Margin
-24.7%
28.4%
Revenue YoY
-42.3%
-1.2%
Net Profit YoY
-103.8%
-11.6%
EPS (diluted)
$-0.12
$0.80

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
UTMD
UTMD
Q4 25
$5.6M
$9.0M
Q3 25
$6.9M
$9.8M
Q2 25
$8.4M
$10.0M
Q1 25
$6.7M
$9.7M
Q4 24
$9.8M
$9.2M
Q3 24
$6.4M
$10.0M
Q2 24
$3.4M
$10.4M
Q1 24
$3.3M
$11.3M
Net Profit
PPSI
PPSI
UTMD
UTMD
Q4 25
$-1.4M
$2.6M
Q3 25
$-2.4M
$2.6M
Q2 25
$-1.3M
$3.0M
Q1 25
$-929.0K
$3.0M
Q4 24
$36.3M
$2.9M
Q3 24
$-1.1M
$3.6M
Q2 24
$-2.3M
$3.5M
Q1 24
$-1.0M
$4.0M
Gross Margin
PPSI
PPSI
UTMD
UTMD
Q4 25
23.5%
58.2%
Q3 25
9.3%
57.1%
Q2 25
15.7%
56.2%
Q1 25
2.2%
57.0%
Q4 24
28.9%
58.1%
Q3 24
23.7%
58.0%
Q2 24
18.9%
60.1%
Q1 24
16.1%
59.7%
Operating Margin
PPSI
PPSI
UTMD
UTMD
Q4 25
-19.4%
27.0%
Q3 25
-21.0%
26.6%
Q2 25
-20.4%
32.1%
Q1 25
-34.8%
32.5%
Q4 24
-11.0%
32.0%
Q3 24
-11.1%
33.4%
Q2 24
-51.1%
33.1%
Q1 24
-52.1%
34.2%
Net Margin
PPSI
PPSI
UTMD
UTMD
Q4 25
-24.7%
28.4%
Q3 25
-34.1%
26.8%
Q2 25
-15.9%
30.6%
Q1 25
-13.8%
31.3%
Q4 24
372.1%
31.7%
Q3 24
-17.5%
35.6%
Q2 24
-67.2%
33.2%
Q1 24
-31.2%
34.9%
EPS (diluted)
PPSI
PPSI
UTMD
UTMD
Q4 25
$-0.12
$0.80
Q3 25
$-0.21
$0.82
Q2 25
$-0.12
$0.94
Q1 25
$-0.09
$0.92
Q4 24
$3.31
$0.86
Q3 24
$-0.10
$1.03
Q2 24
$-0.21
$0.98
Q1 24
$-0.10
$1.09

Balance Sheet & Financial Strength

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

Metric
PPSI
PPSI
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$29.3M
$119.3M
Total Assets
$35.5M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPSI
PPSI
UTMD
UTMD
Q4 25
$85.8M
Q3 25
$84.3M
Q2 25
$18.0M
$82.2M
Q1 25
$25.8M
$83.3M
Q4 24
$41.6M
$83.0M
Q3 24
$3.1M
$88.5M
Q2 24
$6.5M
$89.2M
Q1 24
$6.2M
$93.8M
Total Debt
PPSI
PPSI
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PPSI
PPSI
UTMD
UTMD
Q4 25
$29.3M
$119.3M
Q3 25
$30.7M
$118.3M
Q2 25
$33.0M
$117.5M
Q1 25
$34.5M
$117.0M
Q4 24
$35.4M
$117.4M
Q3 24
$14.7M
$124.2M
Q2 24
$15.8M
$124.1M
Q1 24
$18.1M
$127.7M
Total Assets
PPSI
PPSI
UTMD
UTMD
Q4 25
$35.5M
$122.5M
Q3 25
$37.6M
$122.0M
Q2 25
$39.1M
$120.8M
Q1 25
$47.5M
$122.5M
Q4 24
$66.0M
$122.5M
Q3 24
$40.1M
$129.7M
Q2 24
$38.0M
$130.0M
Q1 24
$39.3M
$135.4M
Debt / Equity
PPSI
PPSI
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

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
UTMD
UTMD
Operating Cash FlowLast quarter
$-1.0M
$3.5M
Free Cash FlowOCF − Capex
$-2.2M
$3.4M
FCF MarginFCF / Revenue
-38.8%
37.2%
Capex IntensityCapex / Revenue
20.3%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-8.5M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PPSI
PPSI
UTMD
UTMD
Q4 25
$-1.0M
$3.5M
Q3 25
$-817.0K
$3.9M
Q2 25
$-5.5M
$2.9M
Q1 25
$1.5M
$4.5M
Q4 24
$-2.1M
$2.9M
Q3 24
$-2.7M
$3.9M
Q2 24
$571.0K
$2.8M
Q1 24
$-1.9M
$5.3M
Free Cash Flow
PPSI
PPSI
UTMD
UTMD
Q4 25
$-2.2M
$3.4M
Q3 25
$-1.6M
$3.9M
Q2 25
$-5.6M
$2.8M
Q1 25
$907.0K
$4.3M
Q4 24
$-4.6M
$2.9M
Q3 24
$-3.4M
$3.8M
Q2 24
$170.0K
$2.7M
Q1 24
$-2.2M
$5.3M
FCF Margin
PPSI
PPSI
UTMD
UTMD
Q4 25
-38.8%
37.2%
Q3 25
-23.4%
39.2%
Q2 25
-67.0%
28.4%
Q1 25
13.5%
44.1%
Q4 24
-46.9%
32.0%
Q3 24
-53.0%
37.7%
Q2 24
5.0%
25.5%
Q1 24
-65.2%
46.3%
Capex Intensity
PPSI
PPSI
UTMD
UTMD
Q4 25
20.3%
1.2%
Q3 25
11.5%
0.3%
Q2 25
1.7%
0.5%
Q1 25
8.8%
1.9%
Q4 24
25.4%
0.1%
Q3 24
10.3%
0.9%
Q2 24
11.8%
1.1%
Q1 24
6.4%
0.2%
Cash Conversion
PPSI
PPSI
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
-0.06×
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

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%

UTMD
UTMD

Segment breakdown not available.

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