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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and DYNAVAX TECHNOLOGIES CORP (DVAX). Click either name above to swap in a different company.
DYNAVAX TECHNOLOGIES CORP is the larger business by last-quarter revenue ($94.9M vs $74.5M, roughly 1.3× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 28.4%, a 129.7% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 17.7%). DYNAVAX TECHNOLOGIES CORP produced more free cash flow last quarter ($32.6M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 30.6%).
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.
Dynavax Technologies Corp is a commercial-stage biopharmaceutical company specializing in the research, development, and production of innovative vaccines and immunotherapies for infectious diseases. Its lead approved product is Heplisav-B, an adult hepatitis B vaccine, with core markets in North America and Europe, alongside a pipeline of candidates addressing unmet public health needs.
AMSC vs DVAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $94.9M |
| Net Profit | $117.8M | $26.9M |
| Gross Margin | 30.7% | — |
| Operating Margin | 4.5% | 22.4% |
| Net Margin | 158.1% | 28.4% |
| Revenue YoY | 21.4% | 17.7% |
| Net Profit YoY | 4679.1% | 53.0% |
| EPS (diluted) | $2.62 | $0.21 |
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 | — | ||
| Q3 25 | $65.9M | $94.9M | ||
| Q2 25 | $72.4M | $95.4M | ||
| Q1 25 | $66.7M | $68.2M | ||
| Q4 24 | $61.4M | $72.0M | ||
| Q3 24 | $54.5M | $80.6M | ||
| Q2 24 | $40.3M | $73.8M | ||
| Q1 24 | $42.0M | $50.8M |
| Q4 25 | $117.8M | — | ||
| Q3 25 | $4.8M | $26.9M | ||
| Q2 25 | $6.7M | $18.7M | ||
| Q1 25 | $1.2M | $-96.1M | ||
| Q4 24 | $2.5M | $7.0M | ||
| Q3 24 | $4.9M | $17.6M | ||
| Q2 24 | $-2.5M | $11.4M | ||
| Q1 24 | $-1.6M | $-8.7M |
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 26.5% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 24.8% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.5% | 22.4% | ||
| Q2 25 | 7.8% | 15.1% | ||
| Q1 25 | 2.5% | -34.7% | ||
| Q4 24 | 2.1% | -2.3% | ||
| Q3 24 | -1.4% | 12.5% | ||
| Q2 24 | -8.2% | 7.0% | ||
| Q1 24 | -5.3% | -35.0% |
| Q4 25 | 158.1% | — | ||
| Q3 25 | 7.2% | 28.4% | ||
| Q2 25 | 9.3% | 19.6% | ||
| Q1 25 | 1.8% | -141.0% | ||
| Q4 24 | 4.0% | 9.8% | ||
| Q3 24 | 9.0% | 21.8% | ||
| Q2 24 | -6.3% | 15.4% | ||
| Q1 24 | -3.8% | -17.2% |
| Q4 25 | $2.62 | — | ||
| Q3 25 | $0.11 | $0.21 | ||
| Q2 25 | $0.17 | $0.14 | ||
| Q1 25 | $0.04 | $-0.77 | ||
| Q4 24 | $0.06 | $0.07 | ||
| Q3 24 | $0.13 | $0.12 | ||
| Q2 24 | $-0.07 | $0.08 | ||
| Q1 24 | $-0.03 | $-0.07 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $536.8M | $534.1M |
| Total Assets | $719.5M | $946.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | — | ||
| Q3 25 | $212.9M | $160.2M | ||
| Q2 25 | $207.9M | $99.1M | ||
| Q1 25 | $79.5M | $51.7M | ||
| Q4 24 | $75.2M | $95.9M | ||
| Q3 24 | $72.1M | $119.3M | ||
| Q2 24 | $93.5M | $112.5M | ||
| Q1 24 | $90.5M | $132.0M |
| Q4 25 | $536.8M | — | ||
| Q3 25 | $342.2M | $534.1M | ||
| Q2 25 | $333.1M | $494.2M | ||
| Q1 25 | $197.1M | $530.9M | ||
| Q4 24 | $192.7M | $596.8M | ||
| Q3 24 | $187.0M | $681.4M | ||
| Q2 24 | $143.3M | $642.8M | ||
| Q1 24 | $144.6M | $618.5M |
| Q4 25 | $719.5M | — | ||
| Q3 25 | $445.6M | $946.5M | ||
| Q2 25 | $452.8M | $918.4M | ||
| Q1 25 | $310.5M | $945.9M | ||
| Q4 24 | $310.3M | $986.3M | ||
| Q3 24 | $298.4M | $1.1B | ||
| Q2 24 | $240.1M | $1.0B | ||
| Q1 24 | $232.8M | $986.6M |
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 | $33.8M |
| Free Cash FlowOCF − Capex | $2.4M | $32.6M |
| FCF MarginFCF / Revenue | 3.2% | 34.4% |
| Capex IntensityCapex / Revenue | 1.2% | 1.3% |
| Cash ConversionOCF / Net Profit | 0.03× | 1.26× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $80.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | — | ||
| Q3 25 | $6.5M | $33.8M | ||
| Q2 25 | $4.1M | $23.4M | ||
| Q1 25 | $6.3M | $-19.6M | ||
| Q4 24 | $5.9M | $53.0M | ||
| Q3 24 | $12.7M | $19.5M | ||
| Q2 24 | $3.4M | $10.7M | ||
| Q1 24 | $2.2M | $-16.7M |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $5.1M | $32.6M | ||
| Q2 25 | $3.3M | $22.0M | ||
| Q1 25 | $5.3M | $-23.6M | ||
| Q4 24 | $5.3M | $49.5M | ||
| Q3 24 | $12.1M | $18.1M | ||
| Q2 24 | $3.1M | $9.9M | ||
| Q1 24 | $1.9M | $-17.4M |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 7.7% | 34.4% | ||
| Q2 25 | 4.6% | 23.0% | ||
| Q1 25 | 7.9% | -34.6% | ||
| Q4 24 | 8.7% | 68.8% | ||
| Q3 24 | 22.3% | 22.5% | ||
| Q2 24 | 7.8% | 13.5% | ||
| Q1 24 | 4.6% | -34.3% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.1% | 1.3% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 1.6% | 5.8% | ||
| Q4 24 | 0.9% | 4.8% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 0.7% | 1.1% | ||
| Q1 24 | 0.7% | 1.5% |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | 1.26× | ||
| Q2 25 | 0.61× | 1.25× | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | 7.52× | ||
| Q3 24 | 2.60× | 1.11× | ||
| Q2 24 | — | 0.94× | ||
| 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% |
DVAX
| HEPLISAVB | $90.0M | 95% |
| US Department Of Defense | $4.7M | 5% |
