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Side-by-side financial comparison of PIONEER POWER SOLUTIONS, INC. (PPSI) and Venu Holding Corp (VENU). 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 $4.5M, roughly 1.2× Venu Holding Corp). PIONEER POWER SOLUTIONS, INC. runs the higher net margin — -24.7% vs -215.5%, a 190.8% gap on every dollar of revenue. PIONEER POWER SOLUTIONS, INC. produced more free cash flow last quarter ($-2.2M vs $-52.4M).

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.

Venu Holding Corporation ("Venu") is a publicly-traded American entertainment and hospitality company based in Colorado Springs, Colorado. Founded by JW Roth in 2017 as Notes Live, Venu designs, develops, manages and owns music venues and event spaces including amphitheaters, restaurants, and concert halls in midsize cities.

PPSI vs VENU — Head-to-Head

Bigger by revenue
PPSI
PPSI
1.2× larger
PPSI
$5.6M
$4.5M
VENU
Higher net margin
PPSI
PPSI
190.8% more per $
PPSI
-24.7%
-215.5%
VENU
More free cash flow
PPSI
PPSI
$50.2M more FCF
PPSI
$-2.2M
$-52.4M
VENU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PPSI
PPSI
VENU
VENU
Revenue
$5.6M
$4.5M
Net Profit
$-1.4M
$-9.8M
Gross Margin
23.5%
Operating Margin
-19.4%
-161.6%
Net Margin
-24.7%
-215.5%
Revenue YoY
-42.3%
Net Profit YoY
-103.8%
EPS (diluted)
$-0.12
$-0.77

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
VENU
VENU
Q4 25
$5.6M
$4.5M
Q3 25
$6.9M
$5.4M
Q2 25
$8.4M
$4.5M
Q1 25
$6.7M
$3.5M
Q4 24
$9.8M
Q3 24
$6.4M
$5.5M
Q2 24
$3.4M
Q1 24
$3.3M
Net Profit
PPSI
PPSI
VENU
VENU
Q4 25
$-1.4M
$-9.8M
Q3 25
$-2.4M
$-6.4M
Q2 25
$-1.3M
$-12.3M
Q1 25
$-929.0K
$-18.1M
Q4 24
$36.3M
Q3 24
$-1.1M
$-3.9M
Q2 24
$-2.3M
Q1 24
$-1.0M
Gross Margin
PPSI
PPSI
VENU
VENU
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
VENU
VENU
Q4 25
-19.4%
-161.6%
Q3 25
-21.0%
-185.2%
Q2 25
-20.4%
-229.7%
Q1 25
-34.8%
-529.9%
Q4 24
-11.0%
Q3 24
-11.1%
-67.4%
Q2 24
-51.1%
Q1 24
-52.1%
Net Margin
PPSI
PPSI
VENU
VENU
Q4 25
-24.7%
-215.5%
Q3 25
-34.1%
-118.1%
Q2 25
-15.9%
-274.2%
Q1 25
-13.8%
-516.2%
Q4 24
372.1%
Q3 24
-17.5%
-72.1%
Q2 24
-67.2%
Q1 24
-31.2%
EPS (diluted)
PPSI
PPSI
VENU
VENU
Q4 25
$-0.12
$-0.77
Q3 25
$-0.21
$-0.15
Q2 25
$-0.12
$0.30
Q1 25
$-0.09
$-0.48
Q4 24
$3.31
Q3 24
$-0.10
$-0.13
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
VENU
VENU
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$58.9M
Stockholders' EquityBook value
$29.3M
$122.7M
Total Assets
$35.5M
$370.6M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PPSI
PPSI
VENU
VENU
Q4 25
Q3 25
Q2 25
$18.0M
Q1 25
$25.8M
Q4 24
$41.6M
Q3 24
$3.1M
Q2 24
$6.5M
Q1 24
$6.2M
Total Debt
PPSI
PPSI
VENU
VENU
Q4 25
$58.9M
Q3 25
$58.9M
Q2 25
$44.8M
Q1 25
$54.7M
Q4 24
Q3 24
$22.8M
Q2 24
Q1 24
Stockholders' Equity
PPSI
PPSI
VENU
VENU
Q4 25
$29.3M
$122.7M
Q3 25
$30.7M
$121.2M
Q2 25
$33.0M
$90.2M
Q1 25
$34.5M
$78.4M
Q4 24
$35.4M
Q3 24
$14.7M
$79.4M
Q2 24
$15.8M
Q1 24
$18.1M
Total Assets
PPSI
PPSI
VENU
VENU
Q4 25
$35.5M
$370.6M
Q3 25
$37.6M
$314.8M
Q2 25
$39.1M
$242.0M
Q1 25
$47.5M
$212.9M
Q4 24
$66.0M
Q3 24
$40.1M
$166.6M
Q2 24
$38.0M
Q1 24
$39.3M
Debt / Equity
PPSI
PPSI
VENU
VENU
Q4 25
0.48×
Q3 25
0.49×
Q2 25
0.50×
Q1 25
0.70×
Q4 24
Q3 24
0.29×
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
VENU
VENU
Operating Cash FlowLast quarter
$-1.0M
$12.8M
Free Cash FlowOCF − Capex
$-2.2M
$-52.4M
FCF MarginFCF / Revenue
-38.8%
-1157.6%
Capex IntensityCapex / Revenue
20.3%
1441.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M
$-134.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PPSI
PPSI
VENU
VENU
Q4 25
$-1.0M
$12.8M
Q3 25
$-817.0K
$6.3M
Q2 25
$-5.5M
$-2.4M
Q1 25
$1.5M
$-9.0M
Q4 24
$-2.1M
Q3 24
$-2.7M
Q2 24
$571.0K
Q1 24
$-1.9M
Free Cash Flow
PPSI
PPSI
VENU
VENU
Q4 25
$-2.2M
$-52.4M
Q3 25
$-1.6M
$-32.9M
Q2 25
$-5.6M
$-17.6M
Q1 25
$907.0K
$-31.1M
Q4 24
$-4.6M
Q3 24
$-3.4M
Q2 24
$170.0K
Q1 24
$-2.2M
FCF Margin
PPSI
PPSI
VENU
VENU
Q4 25
-38.8%
-1157.6%
Q3 25
-23.4%
-611.3%
Q2 25
-67.0%
-392.4%
Q1 25
13.5%
-888.4%
Q4 24
-46.9%
Q3 24
-53.0%
Q2 24
5.0%
Q1 24
-65.2%
Capex Intensity
PPSI
PPSI
VENU
VENU
Q4 25
20.3%
1441.2%
Q3 25
11.5%
728.3%
Q2 25
1.7%
337.9%
Q1 25
8.8%
630.1%
Q4 24
25.4%
Q3 24
10.3%
Q2 24
11.8%
Q1 24
6.4%
Cash Conversion
PPSI
PPSI
VENU
VENU
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%

VENU
VENU

Food And Beverage$2.9M64%
Other$1.6M36%

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