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

AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $67.6M, roughly 1.1× MERCANTILE BANK CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 33.6%, a 124.5% gap on every dollar of revenue. Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 9.1%).

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.

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

AMSC vs MBWM — Head-to-Head

Bigger by revenue
AMSC
AMSC
1.1× larger
AMSC
$74.5M
$67.6M
MBWM
Higher net margin
AMSC
AMSC
124.5% more per $
AMSC
158.1%
33.6%
MBWM
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
9.1%
MBWM

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
AMSC
AMSC
MBWM
MBWM
Revenue
$74.5M
$67.6M
Net Profit
$117.8M
$22.7M
Gross Margin
30.7%
Operating Margin
4.5%
Net Margin
158.1%
33.6%
Revenue YoY
21.4%
Net Profit YoY
4679.1%
16.1%
EPS (diluted)
$2.62
$1.32

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
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$74.5M
$62.1M
Q3 25
$65.9M
$62.4M
Q2 25
$72.4M
$60.9M
Q1 25
$66.7M
$57.3M
Q4 24
$61.4M
$58.5M
Q3 24
$54.5M
$58.0M
Q2 24
$40.3M
$56.8M
Net Profit
AMSC
AMSC
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$117.8M
$22.8M
Q3 25
$4.8M
$23.8M
Q2 25
$6.7M
$22.6M
Q1 25
$1.2M
$19.5M
Q4 24
$2.5M
$19.6M
Q3 24
$4.9M
$19.6M
Q2 24
$-2.5M
$18.8M
Gross Margin
AMSC
AMSC
MBWM
MBWM
Q1 26
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%
Operating Margin
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
4.5%
42.0%
Q3 25
4.5%
44.0%
Q2 25
7.8%
42.6%
Q1 25
2.5%
42.0%
Q4 24
2.1%
39.7%
Q3 24
-1.4%
42.4%
Q2 24
-8.2%
41.4%
Net Margin
AMSC
AMSC
MBWM
MBWM
Q1 26
33.6%
Q4 25
158.1%
36.8%
Q3 25
7.2%
38.1%
Q2 25
9.3%
37.1%
Q1 25
1.8%
34.1%
Q4 24
4.0%
33.5%
Q3 24
9.0%
33.8%
Q2 24
-6.3%
33.1%
EPS (diluted)
AMSC
AMSC
MBWM
MBWM
Q1 26
$1.32
Q4 25
$2.62
$1.41
Q3 25
$0.11
$1.46
Q2 25
$0.17
$1.39
Q1 25
$0.04
$1.21
Q4 24
$0.06
$1.20
Q3 24
$0.13
$1.22
Q2 24
$-0.07
$1.17

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$141.1M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$536.8M
$736.9M
Total Assets
$719.5M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
$141.1M
Q3 25
$212.9M
Q2 25
$207.9M
Q1 25
$79.5M
Q4 24
$75.2M
Q3 24
$72.1M
Q2 24
$93.5M
Total Debt
AMSC
AMSC
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
AMSC
AMSC
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$536.8M
$724.9M
Q3 25
$342.2M
$657.6M
Q2 25
$333.1M
$631.5M
Q1 25
$197.1M
$608.3M
Q4 24
$192.7M
$584.5M
Q3 24
$187.0M
$583.3M
Q2 24
$143.3M
$551.2M
Total Assets
AMSC
AMSC
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$719.5M
$6.8B
Q3 25
$445.6M
$6.3B
Q2 25
$452.8M
$6.2B
Q1 25
$310.5M
$6.1B
Q4 24
$310.3M
$6.1B
Q3 24
$298.4M
$5.9B
Q2 24
$240.1M
$5.6B
Debt / Equity
AMSC
AMSC
MBWM
MBWM
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
$3.2M
$18.0M
Q3 25
$6.5M
$23.1M
Q2 25
$4.1M
$-7.8M
Q1 25
$6.3M
$-3.0M
Q4 24
$5.9M
$101.1M
Q3 24
$12.7M
$-8.1M
Q2 24
$3.4M
$9.1M
Free Cash Flow
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
$2.4M
Q3 25
$5.1M
Q2 25
$3.3M
Q1 25
$5.3M
Q4 24
$5.3M
Q3 24
$12.1M
Q2 24
$3.1M
FCF Margin
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
3.2%
Q3 25
7.7%
Q2 25
4.6%
Q1 25
7.9%
Q4 24
8.7%
Q3 24
22.3%
Q2 24
7.8%
Capex Intensity
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
1.2%
Q3 25
2.1%
Q2 25
1.1%
Q1 25
1.6%
Q4 24
0.9%
Q3 24
1.1%
Q2 24
0.7%
Cash Conversion
AMSC
AMSC
MBWM
MBWM
Q1 26
Q4 25
0.03×
0.79×
Q3 25
1.37×
0.97×
Q2 25
0.61×
-0.35×
Q1 25
5.22×
-0.15×
Q4 24
2.38×
5.15×
Q3 24
2.60×
-0.41×
Q2 24
0.49×

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%

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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