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Side-by-side financial comparison of AmpliTech Group, Inc. (AMPG) and Xos, Inc. (XOS). Click either name above to swap in a different company.

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $4.5M, roughly 1.2× AmpliTech Group, Inc.). AmpliTech Group, Inc. runs the higher net margin — -71.6% vs -186.8%, a 115.2% gap on every dollar of revenue. On growth, AmpliTech Group, Inc. posted the faster year-over-year revenue change (141.6% vs -54.5%). Over the past eight quarters, AmpliTech Group, Inc.'s revenue compounded faster (39.7% CAGR vs -35.7%).

Ampli Energy is a South African company providing a renewable energy trading platform that uses a wheeling process to deliver green energy to consumers.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

AMPG vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.2× larger
XOS
$5.2M
$4.5M
AMPG
Growing faster (revenue YoY)
AMPG
AMPG
+196.1% gap
AMPG
141.6%
-54.5%
XOS
Higher net margin
AMPG
AMPG
115.2% more per $
AMPG
-71.6%
-186.8%
XOS
Faster 2-yr revenue CAGR
AMPG
AMPG
Annualised
AMPG
39.7%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPG
AMPG
XOS
XOS
Revenue
$4.5M
$5.2M
Net Profit
$-3.2M
$-9.8M
Gross Margin
22.8%
-50.5%
Operating Margin
-73.3%
-186.6%
Net Margin
-71.6%
-186.8%
Revenue YoY
141.6%
-54.5%
Net Profit YoY
16.1%
48.6%
EPS (diluted)
$-0.14
$-0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMPG
AMPG
XOS
XOS
Q4 25
$4.5M
$5.2M
Q3 25
$6.1M
$16.5M
Q2 25
$11.0M
$18.4M
Q1 25
$3.6M
$5.9M
Q4 24
$1.9M
$11.5M
Q3 24
$2.8M
$15.8M
Q2 24
$2.5M
$15.5M
Q1 24
$2.3M
$12.6M
Net Profit
AMPG
AMPG
XOS
XOS
Q4 25
$-3.2M
$-9.8M
Q3 25
$-188.4K
$2.1M
Q2 25
$-1.8M
$-7.5M
Q1 25
$-1.8M
$-10.2M
Q4 24
$-3.8M
$-19.0M
Q3 24
$-1.2M
$-10.5M
Q2 24
$-1.6M
$-9.7M
Q1 24
$-4.7M
$-11.0M
Gross Margin
AMPG
AMPG
XOS
XOS
Q4 25
22.8%
-50.5%
Q3 25
48.6%
15.3%
Q2 25
7.8%
8.8%
Q1 25
33.0%
20.6%
Q4 24
10.7%
-32.4%
Q3 24
47.6%
18.1%
Q2 24
41.8%
13.1%
Q1 24
38.5%
22.1%
Operating Margin
AMPG
AMPG
XOS
XOS
Q4 25
-73.3%
-186.6%
Q3 25
-3.6%
-42.4%
Q2 25
-17.5%
-38.5%
Q1 25
-52.5%
-157.7%
Q4 24
-234.5%
-127.0%
Q3 24
-38.4%
-61.4%
Q2 24
-62.0%
-73.2%
Q1 24
-62.3%
-81.1%
Net Margin
AMPG
AMPG
XOS
XOS
Q4 25
-71.6%
-186.8%
Q3 25
-3.1%
12.9%
Q2 25
-16.1%
-40.8%
Q1 25
-51.1%
-173.3%
Q4 24
-206.2%
-165.4%
Q3 24
-42.0%
-66.6%
Q2 24
-62.4%
-62.2%
Q1 24
-203.0%
-87.1%
EPS (diluted)
AMPG
AMPG
XOS
XOS
Q4 25
$-0.14
$-0.76
Q3 25
$-0.01
$0.22
Q2 25
$-0.09
$-0.91
Q1 25
$-0.09
$-1.26
Q4 24
$-0.28
$-2.34
Q3 24
$-0.12
$-1.32
Q2 24
$-0.16
$-1.23
Q1 24
$-0.48
$-1.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMPG
AMPG
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$5.0M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$32.9M
$23.3M
Total Assets
$51.5M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPG
AMPG
XOS
XOS
Q4 25
$5.0M
$14.0M
Q3 25
$8.4M
$14.1M
Q2 25
$11.1M
$8.8M
Q1 25
$16.9M
$4.8M
Q4 24
$19.3M
$11.0M
Q3 24
$1.1M
$8.4M
Q2 24
$1.0M
$19.7M
Q1 24
$2.4M
$46.2M
Total Debt
AMPG
AMPG
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.1M
Q2 24
$36.4K
Q1 24
$63.2K
Stockholders' Equity
AMPG
AMPG
XOS
XOS
Q4 25
$32.9M
$23.3M
Q3 25
$35.8M
$31.1M
Q2 25
$35.8M
$18.3M
Q1 25
$35.8M
$24.8M
Q4 24
$37.5M
$33.6M
Q3 24
$20.4M
$50.8M
Q2 24
$20.7M
$59.2M
Q1 24
$22.2M
$67.8M
Total Assets
AMPG
AMPG
XOS
XOS
Q4 25
$51.5M
$60.4M
Q3 25
$47.2M
$73.8M
Q2 25
$48.6M
$80.3M
Q1 25
$42.1M
$87.7M
Q4 24
$43.2M
$98.3M
Q3 24
$27.5M
$120.5M
Q2 24
$25.4M
$123.4M
Q1 24
$26.9M
$135.0M
Debt / Equity
AMPG
AMPG
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.06×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMPG
AMPG
XOS
XOS
Operating Cash FlowLast quarter
$-3.4M
$2.4M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-78.4%
Capex IntensityCapex / Revenue
1.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPG
AMPG
XOS
XOS
Q4 25
$-3.4M
$2.4M
Q3 25
$-999.4K
$3.1M
Q2 25
$-2.3M
$4.6M
Q1 25
$-2.0M
$-4.8M
Q4 24
$-1.2M
$3.3M
Q3 24
$-1.7M
$-11.5M
Q2 24
$-1.3M
$-26.0M
Q1 24
$-1.1M
$-14.6M
Free Cash Flow
AMPG
AMPG
XOS
XOS
Q4 25
$-3.5M
Q3 25
$-1.4M
Q2 25
$-2.4M
Q1 25
$-2.4M
Q4 24
$-1.2M
Q3 24
$-1.7M
$-11.7M
Q2 24
$-1.3M
$-26.1M
Q1 24
$-1.1M
$-14.6M
FCF Margin
AMPG
AMPG
XOS
XOS
Q4 25
-78.4%
Q3 25
-23.7%
Q2 25
-21.6%
Q1 25
-65.8%
Q4 24
-63.9%
Q3 24
-61.6%
-73.9%
Q2 24
-52.7%
-168.1%
Q1 24
-47.0%
-115.7%
Capex Intensity
AMPG
AMPG
XOS
XOS
Q4 25
1.9%
0.0%
Q3 25
7.3%
0.0%
Q2 25
1.1%
0.0%
Q1 25
10.0%
0.0%
Q4 24
0.9%
0.0%
Q3 24
0.4%
0.9%
Q2 24
0.5%
0.8%
Q1 24
0.1%
0.2%
Cash Conversion
AMPG
AMPG
XOS
XOS
Q4 25
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMPG
AMPG

Other$2.7M60%
Distribution$1.8M40%

XOS
XOS

Segment breakdown not available.

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