Ipower vs Rectitude Holdings
Rectitude Holdings is the larger business, with $39.8m of revenue in fiscal 2026 against $20.0m for Ipower (2.0 times as much). Rectitude Holdings grew faster (21.5% against -68.4%). Rectitude Holdings kept more of each dollar of sales as profit: a net margin of 7.0% against -58.2%.
| Latest fiscal year | IpowerIPW, 2026 | Rectitude HoldingsRECT, 2026 |
|---|---|---|
| Revenue | $20.0m | $39.8m |
| Revenue growth | -68.4% | 21.5% |
| Net income | −$11.6m | $2.8m |
| Operating margin | — | 8.3% |
| Net margin | -58.2% | 7.0% |
| Return on equity | -66.0% | 13.9% |
| Free cash flow | −$163,466 | −$1.8m |
| Cash | $478,042 | $4.7m |
| Total debt | $2.7m | $3.1m |
| Debt to equity | — | 14.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $41,755 | — |
| Employees | 2 | — |
| Market value | $279,217 | $18.0m |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 50 (Moderate) | — |
| Insider trades, 12 months | 1 buys, 1 sales | 0 buys, 0 sales |