Powell Max vs Waton Financial
Waton Financial is the larger business, with $11.1m of revenue in fiscal 2026 against $6.1m for Powell Max (1.8 times as much). Waton Financial grew faster (48.8% against 30.8%). Powell Max kept more of each dollar of sales as profit: a net margin of -49.3% against -136.7%. Powell Max carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | Powell MaxPMAX, 2025 | Waton FinancialWTF, 2026 |
|---|---|---|
| Revenue | $6.1m | $11.1m |
| Revenue growth | 30.8% | 48.8% |
| Net income | −$3.0m | −$15.2m |
| Operating margin | -47.9% | -131.1% |
| Net margin | -49.3% | -136.7% |
| Return on equity | -101.5% | -87.9% |
| Free cash flow | −$1.1m | −$7.4m |
| Cash | $881,366 | $10.4m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $0 |
| Employees | — | — |
| Market value | $182,282 | $100m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |