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Profire Energy Inc   (PFIE)
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Profire Energy Inc 's

Competitiveness


 

PFIE Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Profire Energy Inc reported Revenue increase in the 3 quarter 2023 by 12.84 % year on year.
The revenue growth was below Profire Energy Inc 's competitors' average revenue growth of 53.35 %, achieved in the same quarter.

List of PFIE Competitors

With a net margin of 14.09 % Profire Energy Inc achieved higher profitability than its competitors.

More on PFIE Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Profire Energy Inc Net Income in the 3 quarter 2023 grew year on year by 68.44%, slower than its competitors' income growth of 350.74 %

<<  PFIE Stock Performance Comparisons


Profire Energy Inc 's Comment on Competitors and Industry Peers


We believe most of the other companies in our industry have limited sales and service departments to both promote and support their products. Our competitors tend to be focused regionally, with operations that are limited to areas close to their headquarters. There are several companies marketing similar burner-management products. Some of our direct competitors include Combustex, SureFire, Platinum, and ACL.

While we believe price is a significant method of competition within our industry, we believe the most important competitive factors are performance, quality, reliability, durability, and installation/service expertise. To that end, we have primarily sought to first create high-quality and innovative products, then to constrain costs without compromising those primary characteristics. Relative to our competition, we believe our product-offering tends to be about average in price, but with above-average capability, reliability, and product-support.

We believe this quality-focused approach will help us continue to remain competitive in the industry. To help assure our customers of our commitment to quality and safety, our burner-management systems have been certified to comply with CSA and UL ratings. Additionally, because we were an early-mover in the burner-management market, we have the advantage of established relationships with both suppliers and customers, which help create a barrier to new entrants.





  

Overall company Market Share Q3 2023

Despite revenue growth of 12.84 % in Overall company, Profire Energy Inc lost market share within this segment.




<<  More on PFIE Market Share.
 
*Market share is calculated based on total revenue.





Who are Profire Energy Inc 's Competitors?




Tidewater Inc
Share Performance



+47.22%
One Year



Tidewater Inc
Profile

Tidewater Inc's business model revolves around providing offshore marine support services to the global energy industry.

More about Tidewater Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,854.559 mill. $ 486.008 mill. $ 68.475 mill.


Altera Infrastructure L p
Share Performance



0.00%
This Quarter



Altera Infrastructure L p
Profile

Altera Infrastructure L.P. operates as a diversified infrastructure company, primarily engaged in the ownership and operation of a fleet of offshore support vessels. The company provides support services to offshore oil and gas exploration, development, and production infrastructure globally. Altera Infrastructure L.P. generates revenue through the chartering and operation of its vessel fleet, catering to various needs in the offshore energy industry.

More about Altera Infrastructure L p 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 1,151.260 mill. $ -136.450 mill.


Knot Offshore Partners Lp
Share Performance



-2.64%
This Year



Knot Offshore Partners Lp
Profile

Knot Offshore Partners LP operates as a limited partnership focused on owning, operating, and acquiring shuttle tankers under long-term charters in the offshore oil production regions globally. The company's business model revolves around providing safe and flexible transportation services to customers in the offshore energy industry, ensuring reliable and efficient delivery of oil from offshore platforms to onshore facilities.

More about Knot Offshore Partners Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 202.976 mill. $ 268.585 mill. $ 51.867 mill.



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