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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Innoviva, Inc. (INVA). Click either name above to swap in a different company.

Innoviva, Inc. is the larger business by last-quarter revenue ($114.6M vs $74.5M, roughly 1.5× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 143.2%, a 14.8% gap on every dollar of revenue. On growth, Innoviva, Inc. posted the faster year-over-year revenue change (24.8% vs 21.4%). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 21.6%).

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.

Innoviva, Inc. is a healthcare company specializing in the development, commercialization, and royalty management of prescription therapeutics for respiratory diseases, infectious diseases, and critical care conditions. It partners with leading global pharmaceutical firms to deliver treatments for asthma, COPD and other chronic illnesses to patients across core markets including North America and Europe.

AMSC vs INVA — Head-to-Head

Bigger by revenue
INVA
INVA
1.5× larger
INVA
$114.6M
$74.5M
AMSC
Growing faster (revenue YoY)
INVA
INVA
+3.5% gap
INVA
24.8%
21.4%
AMSC
Higher net margin
AMSC
AMSC
14.8% more per $
AMSC
158.1%
143.2%
INVA
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
21.6%
INVA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AMSC
AMSC
INVA
INVA
Revenue
$74.5M
$114.6M
Net Profit
$117.8M
$164.2M
Gross Margin
30.7%
66.0%
Operating Margin
4.5%
34.0%
Net Margin
158.1%
143.2%
Revenue YoY
21.4%
24.8%
Net Profit YoY
4679.1%
707.4%
EPS (diluted)
$2.62
$2.19

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
INVA
INVA
Q4 25
$74.5M
$114.6M
Q3 25
$65.9M
$107.8M
Q2 25
$72.4M
$100.3M
Q1 25
$66.7M
$88.6M
Q4 24
$61.4M
$91.8M
Q3 24
$54.5M
$89.5M
Q2 24
$40.3M
$99.9M
Q1 24
$42.0M
$77.5M
Net Profit
AMSC
AMSC
INVA
INVA
Q4 25
$117.8M
$164.2M
Q3 25
$4.8M
$89.9M
Q2 25
$6.7M
$63.7M
Q1 25
$1.2M
$-46.6M
Q4 24
$2.5M
$20.3M
Q3 24
$4.9M
$1.2M
Q2 24
$-2.5M
$-34.7M
Q1 24
$-1.6M
$36.5M
Gross Margin
AMSC
AMSC
INVA
INVA
Q4 25
30.7%
66.0%
Q3 25
31.0%
70.1%
Q2 25
33.8%
82.9%
Q1 25
26.5%
82.7%
Q4 24
26.6%
85.1%
Q3 24
28.7%
81.6%
Q2 24
30.3%
85.1%
Q1 24
24.8%
77.5%
Operating Margin
AMSC
AMSC
INVA
INVA
Q4 25
4.5%
34.0%
Q3 25
4.5%
32.1%
Q2 25
7.8%
48.6%
Q1 25
2.5%
46.7%
Q4 24
2.1%
47.0%
Q3 24
-1.4%
48.3%
Q2 24
-8.2%
54.7%
Q1 24
-5.3%
33.3%
Net Margin
AMSC
AMSC
INVA
INVA
Q4 25
158.1%
143.2%
Q3 25
7.2%
83.4%
Q2 25
9.3%
63.5%
Q1 25
1.8%
-52.6%
Q4 24
4.0%
22.1%
Q3 24
9.0%
1.4%
Q2 24
-6.3%
-34.7%
Q1 24
-3.8%
47.1%
EPS (diluted)
AMSC
AMSC
INVA
INVA
Q4 25
$2.62
$2.19
Q3 25
$0.11
$1.08
Q2 25
$0.17
$0.77
Q1 25
$0.04
$-0.74
Q4 24
$0.06
$0.43
Q3 24
$0.13
$0.02
Q2 24
$-0.07
$-0.55
Q1 24
$-0.03
$0.46

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
INVA
INVA
Cash + ST InvestmentsLiquidity on hand
$141.1M
$550.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$536.8M
$1.2B
Total Assets
$719.5M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
INVA
INVA
Q4 25
$141.1M
$550.9M
Q3 25
$212.9M
$476.5M
Q2 25
$207.9M
$397.5M
Q1 25
$79.5M
$319.1M
Q4 24
$75.2M
$305.0M
Q3 24
$72.1M
$260.6M
Q2 24
$93.5M
$217.0M
Q1 24
$90.5M
$178.4M
Stockholders' Equity
AMSC
AMSC
INVA
INVA
Q4 25
$536.8M
$1.2B
Q3 25
$342.2M
$1.0B
Q2 25
$333.1M
$714.8M
Q1 25
$197.1M
$646.9M
Q4 24
$192.7M
$691.2M
Q3 24
$187.0M
$668.5M
Q2 24
$143.3M
$665.5M
Q1 24
$144.6M
$703.7M
Total Assets
AMSC
AMSC
INVA
INVA
Q4 25
$719.5M
$1.6B
Q3 25
$445.6M
$1.4B
Q2 25
$452.8M
$1.3B
Q1 25
$310.5M
$1.3B
Q4 24
$310.3M
$1.3B
Q3 24
$298.4M
$1.2B
Q2 24
$240.1M
$1.2B
Q1 24
$232.8M
$1.3B

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
INVA
INVA
Operating Cash FlowLast quarter
$3.2M
$54.5M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
3.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
0.03×
0.33×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
INVA
INVA
Q4 25
$3.2M
$54.5M
Q3 25
$6.5M
$49.7M
Q2 25
$4.1M
$44.1M
Q1 25
$6.3M
$48.6M
Q4 24
$5.9M
$59.2M
Q3 24
$12.7M
$48.7M
Q2 24
$3.4M
$43.7M
Q1 24
$2.2M
$37.0M
Free Cash Flow
AMSC
AMSC
INVA
INVA
Q4 25
$2.4M
Q3 25
$5.1M
Q2 25
$3.3M
Q1 25
$5.3M
Q4 24
$5.3M
Q3 24
$12.1M
$48.4M
Q2 24
$3.1M
Q1 24
$1.9M
FCF Margin
AMSC
AMSC
INVA
INVA
Q4 25
3.2%
Q3 25
7.7%
Q2 25
4.6%
Q1 25
7.9%
Q4 24
8.7%
Q3 24
22.3%
54.1%
Q2 24
7.8%
Q1 24
4.6%
Capex Intensity
AMSC
AMSC
INVA
INVA
Q4 25
1.2%
Q3 25
2.1%
Q2 25
1.1%
Q1 25
1.6%
Q4 24
0.9%
0.0%
Q3 24
1.1%
0.3%
Q2 24
0.7%
0.0%
Q1 24
0.7%
0.0%
Cash Conversion
AMSC
AMSC
INVA
INVA
Q4 25
0.03×
0.33×
Q3 25
1.37×
0.55×
Q2 25
0.61×
0.69×
Q1 25
5.22×
Q4 24
2.38×
2.91×
Q3 24
2.60×
40.14×
Q2 24
Q1 24
1.01×

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%

INVA
INVA

Royalty$54.9M48%
Xacduro$32.1M28%
Giapreza$19.6M17%
Xerava$7.3M6%

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