Powerfleet vs Canaan
Canaan is the larger business, with $530m of revenue in fiscal 2025 against $444m for Powerfleet (1.2 times as much). Canaan grew faster (96.7% against 22.4%). Powerfleet kept more of each dollar of sales as profit: a net margin of -4.6% against -39.7%.
| Latest fiscal year | PowerfleetAIOT, 2026 | CanaanCAN, 2025 |
|---|---|---|
| Revenue | $444m | $530m |
| Revenue growth | 22.4% | 96.7% |
| Net income | −$20.6m | −$210m |
| Operating margin | — | -21.2% |
| Net margin | -4.6% | -39.7% |
| Return on equity | -4.5% | -59.8% |
| Free cash flow | $8.8m | −$296m |
| Cash | $36.5m | $80.8m |
| Total debt | $287m | $52.2m |
| Debt to equity | — | 11.9% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $5.0m |
| Employees | 2,658 | — |
| Market value | $373m | $92.9m |
| Price vs our value range | — | — |
| Moat score | 33 (Weak) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |