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Side-by-side financial comparison of SmartRent, Inc. (SMRT) and TAT TECHNOLOGIES LTD (TATT). Click either name above to swap in a different company.

TAT TECHNOLOGIES LTD is the larger business by last-quarter revenue ($46.2M vs $36.5M, roughly 1.3× SmartRent, Inc.). TAT TECHNOLOGIES LTD runs the higher net margin — 10.5% vs -8.9%, a 19.4% gap on every dollar of revenue. SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $4.8M).

Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.

TAT Technologies Ltd. is a publicly traded company, headquartered in the United States, providing environmental control products and services for the commercial and military aviation industries. Its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

SMRT vs TATT — Head-to-Head

Bigger by revenue
TATT
TATT
1.3× larger
TATT
$46.2M
$36.5M
SMRT
Higher net margin
TATT
TATT
19.4% more per $
TATT
10.5%
-8.9%
SMRT
More free cash flow
SMRT
SMRT
$2.9M more FCF
SMRT
$7.7M
$4.8M
TATT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SMRT
SMRT
TATT
TATT
Revenue
$36.5M
$46.2M
Net Profit
$-3.2M
$4.8M
Gross Margin
38.6%
25.1%
Operating Margin
-10.9%
11.4%
Net Margin
-8.9%
10.5%
Revenue YoY
3.1%
Net Profit YoY
71.6%
EPS (diluted)
$-0.02
$0.37

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
SMRT
SMRT
TATT
TATT
Q4 25
$36.5M
Q3 25
$36.2M
$46.2M
Q2 25
$38.3M
$43.1M
Q1 25
$41.3M
Q4 24
$35.4M
Q3 24
$40.5M
Q2 24
$48.5M
Q1 24
$50.5M
Net Profit
SMRT
SMRT
TATT
TATT
Q4 25
$-3.2M
Q3 25
$-6.3M
$4.8M
Q2 25
$-10.9M
$3.4M
Q1 25
$-40.2M
Q4 24
$-11.4M
Q3 24
$-9.9M
Q2 24
$-4.6M
Q1 24
$-7.7M
Gross Margin
SMRT
SMRT
TATT
TATT
Q4 25
38.6%
Q3 25
26.4%
25.1%
Q2 25
33.1%
25.1%
Q1 25
32.8%
Q4 24
28.7%
Q3 24
33.2%
Q2 24
35.7%
Q1 24
38.5%
Operating Margin
SMRT
SMRT
TATT
TATT
Q4 25
-10.9%
Q3 25
-19.4%
11.4%
Q2 25
-30.5%
10.3%
Q1 25
-99.9%
Q4 24
-36.6%
Q3 24
-29.0%
Q2 24
-14.3%
Q1 24
-20.1%
Net Margin
SMRT
SMRT
TATT
TATT
Q4 25
-8.9%
Q3 25
-17.3%
10.5%
Q2 25
-28.3%
8.0%
Q1 25
-97.2%
Q4 24
-32.3%
Q3 24
-24.5%
Q2 24
-9.5%
Q1 24
-15.2%
EPS (diluted)
SMRT
SMRT
TATT
TATT
Q4 25
$-0.02
Q3 25
$-0.03
$0.37
Q2 25
$-0.06
$0.30
Q1 25
$-0.21
Q4 24
$-0.06
Q3 24
$-0.05
Q2 24
$-0.02
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
SMRT
SMRT
TATT
TATT
Cash + ST InvestmentsLiquidity on hand
$104.5M
$47.1M
Total DebtLower is stronger
$9.9M
Stockholders' EquityBook value
$232.1M
$170.7M
Total Assets
$320.9M
$224.1M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMRT
SMRT
TATT
TATT
Q4 25
$104.5M
Q3 25
$100.0M
$47.1M
Q2 25
$105.0M
$43.1M
Q1 25
$125.6M
Q4 24
$142.5M
Q3 24
$163.4M
Q2 24
$187.4M
Q1 24
$204.7M
Total Debt
SMRT
SMRT
TATT
TATT
Q4 25
Q3 25
$9.9M
Q2 25
$10.3M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SMRT
SMRT
TATT
TATT
Q4 25
$232.1M
Q3 25
$234.4M
$170.7M
Q2 25
$238.8M
$165.8M
Q1 25
$250.7M
Q4 24
$289.4M
Q3 24
$305.1M
Q2 24
$329.4M
Q1 24
$333.1M
Total Assets
SMRT
SMRT
TATT
TATT
Q4 25
$320.9M
Q3 25
$335.8M
$224.1M
Q2 25
$354.0M
$213.6M
Q1 25
$366.1M
Q4 24
$420.2M
Q3 24
$448.6M
Q2 24
$475.3M
Q1 24
$485.5M
Debt / Equity
SMRT
SMRT
TATT
TATT
Q4 25
Q3 25
0.06×
Q2 25
0.06×
Q1 25
Q4 24
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
SMRT
SMRT
TATT
TATT
Operating Cash FlowLast quarter
$7.7M
$7.5M
Free Cash FlowOCF − Capex
$7.7M
$4.8M
FCF MarginFCF / Revenue
21.0%
10.3%
Capex IntensityCapex / Revenue
0.0%
5.9%
Cash ConversionOCF / Net Profit
1.55×
TTM Free Cash FlowTrailing 4 quarters
$-25.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMRT
SMRT
TATT
TATT
Q4 25
$7.7M
Q3 25
$-2.1M
$7.5M
Q2 25
$-14.9M
$6.9M
Q1 25
$-12.2M
Q4 24
$-12.0M
Q3 24
$-3.7M
Q2 24
$-13.9M
Q1 24
$-3.3M
Free Cash Flow
SMRT
SMRT
TATT
TATT
Q4 25
$7.7M
Q3 25
$-2.2M
$4.8M
Q2 25
$-16.2M
$3.6M
Q1 25
$-14.3M
Q4 24
$-13.3M
Q3 24
$-3.9M
Q2 24
$-14.1M
Q1 24
$-3.4M
FCF Margin
SMRT
SMRT
TATT
TATT
Q4 25
21.0%
Q3 25
-6.1%
10.3%
Q2 25
-42.3%
8.5%
Q1 25
-34.7%
Q4 24
-37.5%
Q3 24
-9.7%
Q2 24
-29.1%
Q1 24
-6.7%
Capex Intensity
SMRT
SMRT
TATT
TATT
Q4 25
0.0%
Q3 25
0.2%
5.9%
Q2 25
3.3%
7.7%
Q1 25
5.3%
Q4 24
3.5%
Q3 24
0.6%
Q2 24
0.5%
Q1 24
0.1%
Cash Conversion
SMRT
SMRT
TATT
TATT
Q4 25
Q3 25
1.55×
Q2 25
2.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMRT
SMRT

Hosted Services$18.1M50%
Hardware Service$12.5M34%
Smart Operations Solutions$2.6M7%
Access Control$2.0M5%
Other Smart Communities Solutions$1.3M3%

TATT
TATT

Segment breakdown not available.

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