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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Cronos Group Inc. (CRON). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $44.5M, roughly 1.7× Cronos Group Inc.). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -4.1%, a 162.1% gap on every dollar of revenue. On growth, Cronos Group Inc. posted the faster year-over-year revenue change (47.0% vs 21.4%). Cronos Group Inc. produced more free cash flow last quarter ($9.7M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 32.7%).
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.
Cronos Group Inc. is a global cannabinoid firm specializing in cultivation, processing, and distribution of cannabis-derived products including wellness supplements, consumer goods, and medical cannabis. It serves North America, Europe, and Asia Pacific, catering to regulated recreational and medical consumer segments with quality-controlled offerings.
AMSC vs CRON — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $44.5M |
| Net Profit | $117.8M | $-1.8M |
| Gross Margin | 30.7% | 36.4% |
| Operating Margin | 4.5% | -16.8% |
| Net Margin | 158.1% | -4.1% |
| Revenue YoY | 21.4% | 47.0% |
| Net Profit YoY | 4679.1% | -104.2% |
| EPS (diluted) | $2.62 | $-0.01 |
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 | $44.5M | ||
| Q3 25 | $65.9M | $36.3M | ||
| Q2 25 | $72.4M | $33.5M | ||
| Q1 25 | $66.7M | $32.3M | ||
| Q4 24 | $61.4M | $30.3M | ||
| Q3 24 | $54.5M | $34.3M | ||
| Q2 24 | $40.3M | $27.8M | ||
| Q1 24 | $42.0M | $25.3M |
| Q4 25 | $117.8M | $-1.8M | ||
| Q3 25 | $4.8M | $26.0M | ||
| Q2 25 | $6.7M | $-39.7M | ||
| Q1 25 | $1.2M | $6.1M | ||
| Q4 24 | $2.5M | $43.7M | ||
| Q3 24 | $4.9M | $8.3M | ||
| Q2 24 | $-2.5M | $-8.8M | ||
| Q1 24 | $-1.6M | $-2.2M |
| Q4 25 | 30.7% | 36.4% | ||
| Q3 25 | 31.0% | 50.4% | ||
| Q2 25 | 33.8% | 43.4% | ||
| Q1 25 | 26.5% | 42.6% | ||
| Q4 24 | 26.6% | 35.7% | ||
| Q3 24 | 28.7% | 10.5% | ||
| Q2 24 | 30.3% | 22.7% | ||
| Q1 24 | 24.8% | 17.7% |
| Q4 25 | 4.5% | -16.8% | ||
| Q3 25 | 4.5% | -1.4% | ||
| Q2 25 | 7.8% | -15.9% | ||
| Q1 25 | 2.5% | -12.6% | ||
| Q4 24 | 2.1% | -37.5% | ||
| Q3 24 | -1.4% | -98.2% | ||
| Q2 24 | -8.2% | -56.1% | ||
| Q1 24 | -5.3% | -63.1% |
| Q4 25 | 158.1% | -4.1% | ||
| Q3 25 | 7.2% | 71.4% | ||
| Q2 25 | 9.3% | -118.7% | ||
| Q1 25 | 1.8% | 19.0% | ||
| Q4 24 | 4.0% | 144.3% | ||
| Q3 24 | 9.0% | 24.4% | ||
| Q2 24 | -6.3% | -31.5% | ||
| Q1 24 | -3.8% | -8.9% |
| Q4 25 | $2.62 | $-0.01 | ||
| Q3 25 | $0.11 | $0.07 | ||
| Q2 25 | $0.17 | $-0.10 | ||
| Q1 25 | $0.04 | $0.02 | ||
| Q4 24 | $0.06 | $0.12 | ||
| Q3 24 | $0.13 | $0.02 | ||
| Q2 24 | $-0.07 | $-0.02 | ||
| Q1 24 | $-0.03 | $-0.01 |
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 | $831.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $536.8M | $1.1B |
| Total Assets | $719.5M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $831.8M | ||
| Q3 25 | $212.9M | $824.2M | ||
| Q2 25 | $207.9M | $834.4M | ||
| Q1 25 | $79.5M | $837.8M | ||
| Q4 24 | $75.2M | $858.8M | ||
| Q3 24 | $72.1M | $862.0M | ||
| Q2 24 | $93.5M | $848.2M | ||
| Q1 24 | $90.5M | $855.1M |
| Q4 25 | $536.8M | $1.1B | ||
| Q3 25 | $342.2M | $1.1B | ||
| Q2 25 | $333.1M | $1.1B | ||
| Q1 25 | $197.1M | $1.1B | ||
| Q4 24 | $192.7M | $1.1B | ||
| Q3 24 | $187.0M | $1.1B | ||
| Q2 24 | $143.3M | $1.1B | ||
| Q1 24 | $144.6M | $1.1B |
| Q4 25 | $719.5M | $1.2B | ||
| Q3 25 | $445.6M | $1.2B | ||
| Q2 25 | $452.8M | $1.2B | ||
| Q1 25 | $310.5M | $1.2B | ||
| Q4 24 | $310.3M | $1.2B | ||
| Q3 24 | $298.4M | $1.2B | ||
| Q2 24 | $240.1M | $1.1B | ||
| Q1 24 | $232.8M | $1.1B |
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 | $11.8M |
| Free Cash FlowOCF − Capex | $2.4M | $9.7M |
| FCF MarginFCF / Revenue | 3.2% | 21.8% |
| Capex IntensityCapex / Revenue | 1.2% | 4.8% |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $149.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $11.8M | ||
| Q3 25 | $6.5M | $13.3M | ||
| Q2 25 | $4.1M | $2.8M | ||
| Q1 25 | $6.3M | $-2.1M | ||
| Q4 24 | $5.9M | $7.7M | ||
| Q3 24 | $12.7M | $11.6M | ||
| Q2 24 | $3.4M | $1.7M | ||
| Q1 24 | $2.2M | $-2.2M |
| Q4 25 | $2.4M | $9.7M | ||
| Q3 25 | $5.1M | $8.8M | ||
| Q2 25 | $3.3M | $-1.0M | ||
| Q1 25 | $5.3M | $-17.4M | ||
| Q4 24 | $5.3M | $4.2M | ||
| Q3 24 | $12.1M | $5.2M | ||
| Q2 24 | $3.1M | $1.0M | ||
| Q1 24 | $1.9M | $-3.9M |
| Q4 25 | 3.2% | 21.8% | ||
| Q3 25 | 7.7% | 24.3% | ||
| Q2 25 | 4.6% | -3.0% | ||
| Q1 25 | 7.9% | -53.8% | ||
| Q4 24 | 8.7% | 13.8% | ||
| Q3 24 | 22.3% | 15.1% | ||
| Q2 24 | 7.8% | 3.7% | ||
| Q1 24 | 4.6% | -15.5% |
| Q4 25 | 1.2% | 4.8% | ||
| Q3 25 | 2.1% | 12.3% | ||
| Q2 25 | 1.1% | 11.5% | ||
| Q1 25 | 1.6% | 47.3% | ||
| Q4 24 | 0.9% | 11.7% | ||
| Q3 24 | 1.1% | 18.7% | ||
| Q2 24 | 0.7% | 2.6% | ||
| Q1 24 | 0.7% | 6.8% |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | 0.51× | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | -0.34× | ||
| Q4 24 | 2.38× | 0.18× | ||
| Q3 24 | 2.60× | 1.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
CRON
| Cannabis Flower | $33.7M | 76% |
| Cannabis Extracts | $10.8M | 24% |
