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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and AVIAT NETWORKS, INC. (AVNW). Click either name above to swap in a different company.
AVIAT NETWORKS, INC. is the larger business by last-quarter revenue ($111.5M vs $74.5M, roughly 1.5× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 5.1%, a 152.9% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -5.7%). AVIAT NETWORKS, INC. produced more free cash flow last quarter ($22.5M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 0.3%).
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
Aviat Networks, Inc. is a global provider of microwave transport and backhaul solutions, providing public and private operators with communications infrastructure to serve telecommunications operators and enterprise customers.
AMSC vs AVNW — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $111.5M |
| Net Profit | $117.8M | $5.7M |
| Gross Margin | 30.7% | 32.4% |
| Operating Margin | 4.5% | 6.5% |
| Net Margin | 158.1% | 5.1% |
| Revenue YoY | 21.4% | -5.7% |
| Net Profit YoY | 4679.1% | 27.2% |
| EPS (diluted) | $2.62 | $0.44 |
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.
| Q4 25 | $74.5M | $111.5M | ||
| Q3 25 | $65.9M | $107.3M | ||
| Q2 25 | $72.4M | $115.3M | ||
| Q1 25 | $66.7M | $112.6M | ||
| Q4 24 | $61.4M | $118.2M | ||
| Q3 24 | $54.5M | $88.4M | ||
| Q2 24 | $40.3M | $116.7M | ||
| Q1 24 | $42.0M | $110.8M |
| Q4 25 | $117.8M | $5.7M | ||
| Q3 25 | $4.8M | $162.0K | ||
| Q2 25 | $6.7M | $5.2M | ||
| Q1 25 | $1.2M | $3.5M | ||
| Q4 24 | $2.5M | $4.5M | ||
| Q3 24 | $4.9M | $-11.9M | ||
| Q2 24 | $-2.5M | $1.5M | ||
| Q1 24 | $-1.6M | $3.9M |
| Q4 25 | 30.7% | 32.4% | ||
| Q3 25 | 31.0% | 33.2% | ||
| Q2 25 | 33.8% | 34.2% | ||
| Q1 25 | 26.5% | 34.9% | ||
| Q4 24 | 26.6% | 34.6% | ||
| Q3 24 | 28.7% | 22.4% | ||
| Q2 24 | 30.3% | 35.3% | ||
| Q1 24 | 24.8% | 32.5% |
| Q4 25 | 4.5% | 6.5% | ||
| Q3 25 | 4.5% | 4.8% | ||
| Q2 25 | 7.8% | 7.7% | ||
| Q1 25 | 2.5% | 8.3% | ||
| Q4 24 | 2.1% | 6.7% | ||
| Q3 24 | -1.4% | -17.6% | ||
| Q2 24 | -8.2% | 4.7% | ||
| Q1 24 | -5.3% | 5.1% |
| Q4 25 | 158.1% | 5.1% | ||
| Q3 25 | 7.2% | 0.2% | ||
| Q2 25 | 9.3% | 4.5% | ||
| Q1 25 | 1.8% | 3.1% | ||
| Q4 24 | 4.0% | 3.8% | ||
| Q3 24 | 9.0% | -13.4% | ||
| Q2 24 | -6.3% | 1.3% | ||
| Q1 24 | -3.8% | 3.5% |
| Q4 25 | $2.62 | $0.44 | ||
| Q3 25 | $0.11 | $0.01 | ||
| Q2 25 | $0.17 | $0.42 | ||
| Q1 25 | $0.04 | $0.27 | ||
| Q4 24 | $0.06 | $0.35 | ||
| Q3 24 | $0.13 | $-0.94 | ||
| Q2 24 | $-0.07 | $0.11 | ||
| Q1 24 | $-0.03 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $86.5M |
| Total DebtLower is stronger | — | $105.4M |
| Stockholders' EquityBook value | $536.8M | $271.6M |
| Total Assets | $719.5M | $659.4M |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $86.5M | ||
| Q3 25 | $212.9M | $64.8M | ||
| Q2 25 | $207.9M | $59.7M | ||
| Q1 25 | $79.5M | $49.4M | ||
| Q4 24 | $75.2M | $52.6M | ||
| Q3 24 | $72.1M | $51.0M | ||
| Q2 24 | $93.5M | $64.6M | ||
| Q1 24 | $90.5M | $59.2M |
| Q4 25 | — | $105.4M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $87.6M | ||
| Q1 25 | — | $73.9M | ||
| Q4 24 | — | $74.9M | ||
| Q3 24 | — | $83.4M | ||
| Q2 24 | — | $48.4M | ||
| Q1 24 | — | $48.9M |
| Q4 25 | $536.8M | $271.6M | ||
| Q3 25 | $342.2M | $263.6M | ||
| Q2 25 | $333.1M | $263.2M | ||
| Q1 25 | $197.1M | $256.1M | ||
| Q4 24 | $192.7M | $249.6M | ||
| Q3 24 | $187.0M | $247.1M | ||
| Q2 24 | $143.3M | $255.9M | ||
| Q1 24 | $144.6M | $256.0M |
| Q4 25 | $719.5M | $659.4M | ||
| Q3 25 | $445.6M | $643.3M | ||
| Q2 25 | $452.8M | $633.3M | ||
| Q1 25 | $310.5M | $628.3M | ||
| Q4 24 | $310.3M | $594.1M | ||
| Q3 24 | $298.4M | $590.9M | ||
| Q2 24 | $240.1M | $535.2M | ||
| Q1 24 | $232.8M | $490.3M |
| Q4 25 | — | 0.39× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.2M | $23.9M |
| Free Cash FlowOCF − Capex | $2.4M | $22.5M |
| FCF MarginFCF / Revenue | 3.2% | 20.2% |
| Capex IntensityCapex / Revenue | 1.2% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.03× | 4.18× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $16.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $23.9M | ||
| Q3 25 | $6.5M | $-11.7M | ||
| Q2 25 | $4.1M | $10.5M | ||
| Q1 25 | $6.3M | $1.6M | ||
| Q4 24 | $5.9M | $20.8M | ||
| Q3 24 | $12.7M | $-27.2M | ||
| Q2 24 | $3.4M | $8.3M | ||
| Q1 24 | $2.2M | $15.3M |
| Q4 25 | $2.4M | $22.5M | ||
| Q3 25 | $5.1M | $-13.5M | ||
| Q2 25 | $3.3M | $8.2M | ||
| Q1 25 | $5.3M | $-1.2M | ||
| Q4 24 | $5.3M | $18.3M | ||
| Q3 24 | $12.1M | $-32.6M | ||
| Q2 24 | $3.1M | $7.5M | ||
| Q1 24 | $1.9M | $14.8M |
| Q4 25 | 3.2% | 20.2% | ||
| Q3 25 | 7.7% | -12.6% | ||
| Q2 25 | 4.6% | 7.1% | ||
| Q1 25 | 7.9% | -1.0% | ||
| Q4 24 | 8.7% | 15.5% | ||
| Q3 24 | 22.3% | -36.8% | ||
| Q2 24 | 7.8% | 6.4% | ||
| Q1 24 | 4.6% | 13.4% |
| Q4 25 | 1.2% | 1.3% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.6% | 2.5% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.1% | 6.1% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 0.7% | 0.4% |
| Q4 25 | 0.03× | 4.18× | ||
| Q3 25 | 1.37× | -72.48× | ||
| Q2 25 | 0.61× | 2.02× | ||
| Q1 25 | 5.22× | 0.46× | ||
| Q4 24 | 2.38× | 4.62× | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | 5.37× | ||
| Q1 24 | — | 3.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
AVNW
| Products | $81.2M | 73% |
| Services | $30.3M | 27% |
