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Side-by-side financial comparison of PIONEER POWER SOLUTIONS, INC. (PPSI) and Research Solutions, Inc. (RSSS), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Research Solutions, Inc. is the larger business by last-quarter revenue ($11.8M vs $5.6M, roughly 2.1× PIONEER POWER SOLUTIONS, INC.). Research Solutions, Inc. runs the higher net margin — -24.7% vs 4.6%, a 29.4% gap on every dollar of revenue. On growth, Research Solutions, Inc. posted the faster year-over-year revenue change (-1.0% vs -42.3%). Research Solutions, Inc. produced more free cash flow last quarter ($1.4M vs $-2.2M). Over the past eight quarters, PIONEER POWER SOLUTIONS, INC.'s revenue compounded faster (30.3% CAGR vs -1.3%).

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.

Jacobs Solutions Inc. is an American international technical professional services firm based in Dallas. The company provides engineering, technical, professional, and construction services as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022, and 2023 Top 500 Design Firms and Trenchless Technolo...

PPSI vs RSSS — Head-to-Head

Bigger by revenue
RSSS
RSSS
2.1× larger
RSSS
$11.8M
$5.6M
PPSI
Growing faster (revenue YoY)
RSSS
RSSS
+41.3% gap
RSSS
-1.0%
-42.3%
PPSI
Higher net margin
RSSS
RSSS
29.4% more per $
RSSS
4.6%
-24.7%
PPSI
More free cash flow
RSSS
RSSS
$3.6M more FCF
RSSS
$1.4M
$-2.2M
PPSI
Faster 2-yr revenue CAGR
PPSI
PPSI
Annualised
PPSI
30.3%
-1.3%
RSSS

Income Statement — Q4 2025 vs Q2 2026

Metric
PPSI
PPSI
RSSS
RSSS
Revenue
$5.6M
$11.8M
Net Profit
$-1.4M
$546.9K
Gross Margin
23.5%
52.4%
Operating Margin
-19.4%
6.3%
Net Margin
-24.7%
4.6%
Revenue YoY
-42.3%
-1.0%
Net Profit YoY
-103.8%
127.6%
EPS (diluted)
$-0.12
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
PPSI
PPSI
RSSS
RSSS
Q4 25
$5.6M
$11.8M
Q3 25
$6.9M
$12.3M
Q2 25
$8.4M
$12.4M
Q1 25
$6.7M
$12.7M
Q4 24
$9.8M
$11.9M
Q3 24
$6.4M
$12.0M
Q2 24
$3.4M
$12.1M
Q1 24
$3.3M
$12.1M
Net Profit
PPSI
PPSI
RSSS
RSSS
Q4 25
$-1.4M
$546.9K
Q3 25
$-2.4M
$749.4K
Q2 25
$-1.3M
$2.4M
Q1 25
$-929.0K
$216.5K
Q4 24
$36.3M
$-2.0M
Q3 24
$-1.1M
$669.0K
Q2 24
$-2.3M
$-2.8M
Q1 24
$-1.0M
$76.3K
Gross Margin
PPSI
PPSI
RSSS
RSSS
Q4 25
23.5%
52.4%
Q3 25
9.3%
50.6%
Q2 25
15.7%
51.0%
Q1 25
2.2%
49.5%
Q4 24
28.9%
48.9%
Q3 24
23.7%
47.9%
Q2 24
18.9%
46.5%
Q1 24
16.1%
45.2%
Operating Margin
PPSI
PPSI
RSSS
RSSS
Q4 25
-19.4%
6.3%
Q3 25
-21.0%
7.8%
Q2 25
-20.4%
9.7%
Q1 25
-34.8%
4.4%
Q4 24
-11.0%
0.8%
Q3 24
-11.1%
5.4%
Q2 24
-51.1%
5.5%
Q1 24
-52.1%
0.7%
Net Margin
PPSI
PPSI
RSSS
RSSS
Q4 25
-24.7%
4.6%
Q3 25
-34.1%
6.1%
Q2 25
-15.9%
19.0%
Q1 25
-13.8%
1.7%
Q4 24
372.1%
-16.6%
Q3 24
-17.5%
5.6%
Q2 24
-67.2%
-23.3%
Q1 24
-31.2%
0.6%
EPS (diluted)
PPSI
PPSI
RSSS
RSSS
Q4 25
$-0.12
$0.02
Q3 25
$-0.21
$0.02
Q2 25
$-0.12
$0.08
Q1 25
$-0.09
$0.01
Q4 24
$3.31
$-0.07
Q3 24
$-0.10
$0.02
Q2 24
$-0.21
$-0.09
Q1 24
$-0.10
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
PPSI
PPSI
RSSS
RSSS
Cash + ST InvestmentsLiquidity on hand
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$29.3M
$17.2M
Total Assets
$35.5M
$44.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
PPSI
PPSI
RSSS
RSSS
Q4 25
$12.3M
Q3 25
$12.0M
Q2 25
$18.0M
$12.2M
Q1 25
$25.8M
$9.9M
Q4 24
$41.6M
$7.7M
Q3 24
$3.1M
$6.9M
Q2 24
$6.5M
$6.1M
Q1 24
$6.2M
$4.2M
Stockholders' Equity
PPSI
PPSI
RSSS
RSSS
Q4 25
$29.3M
$17.2M
Q3 25
$30.7M
$15.6M
Q2 25
$33.0M
$13.9M
Q1 25
$34.5M
$11.2M
Q4 24
$35.4M
$11.1M
Q3 24
$14.7M
$12.8M
Q2 24
$15.8M
$11.7M
Q1 24
$18.1M
$14.1M
Total Assets
PPSI
PPSI
RSSS
RSSS
Q4 25
$35.5M
$44.2M
Q3 25
$37.6M
$45.5M
Q2 25
$39.1M
$46.1M
Q1 25
$47.5M
$45.2M
Q4 24
$66.0M
$42.8M
Q3 24
$40.1M
$41.4M
Q2 24
$38.0M
$41.9M
Q1 24
$39.3M
$40.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
PPSI
PPSI
RSSS
RSSS
Operating Cash FlowLast quarter
$-1.0M
$1.4M
Free Cash FlowOCF − Capex
$-2.2M
$1.4M
FCF MarginFCF / Revenue
-38.8%
11.7%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
20.3%
0.1%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
2.53×
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
PPSI
PPSI
RSSS
RSSS
Q4 25
$-1.0M
$1.4M
Q3 25
$-817.0K
$1.1M
Q2 25
$-5.5M
$2.3M
Q1 25
$1.5M
$2.9M
Q4 24
$-2.1M
$1.0M
Q3 24
$-2.7M
$843.1K
Q2 24
$571.0K
$2.0M
Q1 24
$-1.9M
$2.0M
Free Cash Flow
PPSI
PPSI
RSSS
RSSS
Q4 25
$-2.2M
$1.4M
Q3 25
$-1.6M
$1.1M
Q2 25
$-5.6M
Q1 25
$907.0K
$2.9M
Q4 24
$-4.6M
Q3 24
$-3.4M
Q2 24
$170.0K
$1.9M
Q1 24
$-2.2M
$2.0M
FCF Margin
PPSI
PPSI
RSSS
RSSS
Q4 25
-38.8%
11.7%
Q3 25
-23.4%
8.8%
Q2 25
-67.0%
Q1 25
13.5%
22.8%
Q4 24
-46.9%
Q3 24
-53.0%
Q2 24
5.0%
16.0%
Q1 24
-65.2%
16.6%
Capex Intensity
PPSI
PPSI
RSSS
RSSS
Q4 25
20.3%
0.1%
Q3 25
11.5%
0.1%
Q2 25
1.7%
Q1 25
8.8%
0.0%
Q4 24
25.4%
Q3 24
10.3%
Q2 24
11.8%
0.1%
Q1 24
6.4%
0.0%
Cash Conversion
PPSI
PPSI
RSSS
RSSS
Q4 25
2.53×
Q3 25
1.48×
Q2 25
0.96×
Q1 25
13.36×
Q4 24
-0.06×
Q3 24
1.26×
Q2 24
Q1 24
26.43×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

PPSI
PPSI

Segment breakdown not available.

RSSS
RSSS

Transactions$6.6M56%
Platforms$5.2M44%

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