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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Clarus Corp (CLAR). Click either name above to swap in a different company.

AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $65.4M, roughly 1.1× Clarus Corp). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -47.8%, a 205.9% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs -2.9%).

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.

Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.

AMSC vs CLAR — Head-to-Head

Bigger by revenue
AMSC
AMSC
1.1× larger
AMSC
$74.5M
$65.4M
CLAR
Growing faster (revenue YoY)
AMSC
AMSC
+29.8% gap
AMSC
21.4%
-8.4%
CLAR
Higher net margin
AMSC
AMSC
205.9% more per $
AMSC
158.1%
-47.8%
CLAR
More free cash flow
CLAR
CLAR
$9.2M more FCF
CLAR
$11.6M
$2.4M
AMSC
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
-2.9%
CLAR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AMSC
AMSC
CLAR
CLAR
Revenue
$74.5M
$65.4M
Net Profit
$117.8M
$-31.3M
Gross Margin
30.7%
27.7%
Operating Margin
4.5%
-59.6%
Net Margin
158.1%
-47.8%
Revenue YoY
21.4%
-8.4%
Net Profit YoY
4679.1%
52.3%
EPS (diluted)
$2.62
$-0.81

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
AMSC
AMSC
CLAR
CLAR
Q4 25
$74.5M
$65.4M
Q3 25
$65.9M
$69.3M
Q2 25
$72.4M
$55.2M
Q1 25
$66.7M
$60.4M
Q4 24
$61.4M
$71.4M
Q3 24
$54.5M
$67.1M
Q2 24
$40.3M
$56.5M
Q1 24
$42.0M
$69.3M
Net Profit
AMSC
AMSC
CLAR
CLAR
Q4 25
$117.8M
$-31.3M
Q3 25
$4.8M
$-1.6M
Q2 25
$6.7M
$-8.4M
Q1 25
$1.2M
$-5.2M
Q4 24
$2.5M
$-65.5M
Q3 24
$4.9M
$-3.2M
Q2 24
$-2.5M
$-5.5M
Q1 24
$-1.6M
$21.9M
Gross Margin
AMSC
AMSC
CLAR
CLAR
Q4 25
30.7%
27.7%
Q3 25
31.0%
35.1%
Q2 25
33.8%
35.6%
Q1 25
26.5%
34.4%
Q4 24
26.6%
33.4%
Q3 24
28.7%
35.0%
Q2 24
30.3%
36.1%
Q1 24
24.8%
35.9%
Operating Margin
AMSC
AMSC
CLAR
CLAR
Q4 25
4.5%
-59.6%
Q3 25
4.5%
-4.4%
Q2 25
7.8%
-19.7%
Q1 25
2.5%
-11.2%
Q4 24
2.1%
-70.2%
Q3 24
-1.4%
-8.0%
Q2 24
-8.2%
-14.4%
Q1 24
-5.3%
-9.8%
Net Margin
AMSC
AMSC
CLAR
CLAR
Q4 25
158.1%
-47.8%
Q3 25
7.2%
-2.3%
Q2 25
9.3%
-15.3%
Q1 25
1.8%
-8.7%
Q4 24
4.0%
-91.8%
Q3 24
9.0%
-4.7%
Q2 24
-6.3%
-9.7%
Q1 24
-3.8%
31.6%
EPS (diluted)
AMSC
AMSC
CLAR
CLAR
Q4 25
$2.62
$-0.81
Q3 25
$0.11
$-0.04
Q2 25
$0.17
$-0.22
Q1 25
$0.04
$-0.14
Q4 24
$0.06
$-1.72
Q3 24
$0.13
$-0.08
Q2 24
$-0.07
$-0.14
Q1 24
$-0.03
$0.57

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
CLAR
CLAR
Cash + ST InvestmentsLiquidity on hand
$141.1M
$36.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$536.8M
$196.4M
Total Assets
$719.5M
$249.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
CLAR
CLAR
Q4 25
$141.1M
$36.7M
Q3 25
$212.9M
$29.5M
Q2 25
$207.9M
$28.5M
Q1 25
$79.5M
$41.3M
Q4 24
$75.2M
$45.4M
Q3 24
$72.1M
$36.4M
Q2 24
$93.5M
$46.2M
Q1 24
$90.5M
$47.5M
Total Debt
AMSC
AMSC
CLAR
CLAR
Q4 25
$0
Q3 25
$2.0M
Q2 25
$1.9M
Q1 25
$1.9M
Q4 24
$1.9M
Q3 24
Q2 24
Q1 24
$37.0K
Stockholders' Equity
AMSC
AMSC
CLAR
CLAR
Q4 25
$536.8M
$196.4M
Q3 25
$342.2M
$225.8M
Q2 25
$333.1M
$225.1M
Q1 25
$197.1M
$229.3M
Q4 24
$192.7M
$233.1M
Q3 24
$187.0M
$308.5M
Q2 24
$143.3M
$307.3M
Q1 24
$144.6M
$310.4M
Total Assets
AMSC
AMSC
CLAR
CLAR
Q4 25
$719.5M
$249.0M
Q3 25
$445.6M
$283.1M
Q2 25
$452.8M
$286.5M
Q1 25
$310.5M
$292.8M
Q4 24
$310.3M
$294.1M
Q3 24
$298.4M
$375.3M
Q2 24
$240.1M
$369.4M
Q1 24
$232.8M
$377.0M
Debt / Equity
AMSC
AMSC
CLAR
CLAR
Q4 25
0.00×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
Q2 24
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
AMSC
AMSC
CLAR
CLAR
Operating Cash FlowLast quarter
$3.2M
$12.5M
Free Cash FlowOCF − Capex
$2.4M
$11.6M
FCF MarginFCF / Revenue
3.2%
17.7%
Capex IntensityCapex / Revenue
1.2%
1.4%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
CLAR
CLAR
Q4 25
$3.2M
$12.5M
Q3 25
$6.5M
$-5.7M
Q2 25
$4.1M
$-9.4M
Q1 25
$6.3M
$-2.1M
Q4 24
$5.9M
$16.6M
Q3 24
$12.7M
$-8.3M
Q2 24
$3.4M
$834.0K
Q1 24
$2.2M
$-16.4M
Free Cash Flow
AMSC
AMSC
CLAR
CLAR
Q4 25
$2.4M
$11.6M
Q3 25
$5.1M
$-7.0M
Q2 25
$3.3M
$-11.3M
Q1 25
$5.3M
$-3.3M
Q4 24
$5.3M
$14.4M
Q3 24
$12.1M
$-9.4M
Q2 24
$3.1M
$-744.0K
Q1 24
$1.9M
$-18.3M
FCF Margin
AMSC
AMSC
CLAR
CLAR
Q4 25
3.2%
17.7%
Q3 25
7.7%
-10.0%
Q2 25
4.6%
-20.4%
Q1 25
7.9%
-5.4%
Q4 24
8.7%
20.1%
Q3 24
22.3%
-14.0%
Q2 24
7.8%
-1.3%
Q1 24
4.6%
-26.3%
Capex Intensity
AMSC
AMSC
CLAR
CLAR
Q4 25
1.2%
1.4%
Q3 25
2.1%
1.8%
Q2 25
1.1%
3.4%
Q1 25
1.6%
2.0%
Q4 24
0.9%
3.1%
Q3 24
1.1%
1.6%
Q2 24
0.7%
2.8%
Q1 24
0.7%
2.7%
Cash Conversion
AMSC
AMSC
CLAR
CLAR
Q4 25
0.03×
Q3 25
1.37×
Q2 25
0.61×
Q1 25
5.22×
Q4 24
2.38×
Q3 24
2.60×
Q2 24
Q1 24
-0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMSC
AMSC

Equipment And Systems$56.0M75%
Megatran$14.1M19%
Comtrafo Industria De Transformadores Eletricos SA$4.6M6%

CLAR
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

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