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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP (NRUC). Click either name above to swap in a different company.

AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $53.8M, roughly 1.4× NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 41.6%, a 116.5% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -52.7%). NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP produced more free cash flow last quarter ($105.1M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs -1.5%).

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.

The National Rural Utilities Cooperative Finance Corporation (CFC) is a member-owned nonprofit cooperative that provides financial products to America's rural electric cooperative network. CFC was established in 1969 to raise funds from the capital markets to supplement the loan programs for electric cooperatives offered by the U.S. Department of Agriculture’s (USDA) Rural Utilities Service (RUS), previously Rural Electrification Administration (REA).

AMSC vs NRUC — Head-to-Head

Bigger by revenue
AMSC
AMSC
1.4× larger
AMSC
$74.5M
$53.8M
NRUC
Growing faster (revenue YoY)
AMSC
AMSC
+74.0% gap
AMSC
21.4%
-52.7%
NRUC
Higher net margin
AMSC
AMSC
116.5% more per $
AMSC
158.1%
41.6%
NRUC
More free cash flow
NRUC
NRUC
$102.7M more FCF
NRUC
$105.1M
$2.4M
AMSC
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
-1.5%
NRUC

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
AMSC
AMSC
NRUC
NRUC
Revenue
$74.5M
$53.8M
Net Profit
$117.8M
$22.4M
Gross Margin
30.7%
Operating Margin
4.5%
Net Margin
158.1%
41.6%
Revenue YoY
21.4%
-52.7%
Net Profit YoY
4679.1%
-74.0%
EPS (diluted)
$2.62

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
NRUC
NRUC
Q1 26
$53.8M
Q4 25
$74.5M
$59.0M
Q3 25
$65.9M
$47.3M
Q2 25
$72.4M
$66.9M
Q1 25
$66.7M
$113.7M
Q4 24
$61.4M
$182.0M
Q3 24
$54.5M
$61.7M
Q2 24
$40.3M
Net Profit
AMSC
AMSC
NRUC
NRUC
Q1 26
$22.4M
Q4 25
$117.8M
$19.6M
Q3 25
$4.8M
$4.8M
Q2 25
$6.7M
$73.1M
Q1 25
$1.2M
$86.0M
Q4 24
$2.5M
$144.4M
Q3 24
$4.9M
$-163.8M
Q2 24
$-2.5M
Gross Margin
AMSC
AMSC
NRUC
NRUC
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
NRUC
NRUC
Q1 26
Q4 25
4.5%
Q3 25
4.5%
Q2 25
7.8%
Q1 25
2.5%
Q4 24
2.1%
Q3 24
-1.4%
Q2 24
-8.2%
Net Margin
AMSC
AMSC
NRUC
NRUC
Q1 26
41.6%
Q4 25
158.1%
33.2%
Q3 25
7.2%
10.1%
Q2 25
9.3%
109.3%
Q1 25
1.8%
75.6%
Q4 24
4.0%
79.4%
Q3 24
9.0%
-265.7%
Q2 24
-6.3%
EPS (diluted)
AMSC
AMSC
NRUC
NRUC
Q1 26
Q4 25
$2.62
Q3 25
$0.11
Q2 25
$0.17
Q1 25
$0.04
Q4 24
$0.06
Q3 24
$0.13
Q2 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
NRUC
NRUC
Cash + ST InvestmentsLiquidity on hand
$141.1M
$240.7M
Total DebtLower is stronger
$28.9B
Stockholders' EquityBook value
$536.8M
$3.1B
Total Assets
$719.5M
$39.9B
Debt / EquityLower = less leverage
9.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
NRUC
NRUC
Q1 26
$240.7M
Q4 25
$141.1M
$304.5M
Q3 25
$212.9M
$257.1M
Q2 25
$207.9M
$134.7M
Q1 25
$79.5M
$245.4M
Q4 24
$75.2M
$347.1M
Q3 24
$72.1M
$264.7M
Q2 24
$93.5M
Total Debt
AMSC
AMSC
NRUC
NRUC
Q1 26
$28.9B
Q4 25
$27.3B
Q3 25
$27.9B
Q2 25
$27.2B
Q1 25
$27.5B
Q4 24
$26.7B
Q3 24
$26.3B
Q2 24
Stockholders' Equity
AMSC
AMSC
NRUC
NRUC
Q1 26
$3.1B
Q4 25
$536.8M
$3.1B
Q3 25
$342.2M
$3.0B
Q2 25
$333.1M
$3.1B
Q1 25
$197.1M
$3.0B
Q4 24
$192.7M
$2.9B
Q3 24
$187.0M
$2.8B
Q2 24
$143.3M
Total Assets
AMSC
AMSC
NRUC
NRUC
Q1 26
$39.9B
Q4 25
$719.5M
$39.1B
Q3 25
$445.6M
$38.8B
Q2 25
$452.8M
$38.3B
Q1 25
$310.5M
$37.8B
Q4 24
$310.3M
$37.1B
Q3 24
$298.4M
$36.5B
Q2 24
$240.1M
Debt / Equity
AMSC
AMSC
NRUC
NRUC
Q1 26
9.40×
Q4 25
8.95×
Q3 25
9.21×
Q2 25
8.81×
Q1 25
9.15×
Q4 24
9.14×
Q3 24
9.44×
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
NRUC
NRUC
Operating Cash FlowLast quarter
$3.2M
$105.6M
Free Cash FlowOCF − Capex
$2.4M
$105.1M
FCF MarginFCF / Revenue
3.2%
195.2%
Capex IntensityCapex / Revenue
1.2%
0.9%
Cash ConversionOCF / Net Profit
0.03×
4.72×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$428.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
NRUC
NRUC
Q1 26
$105.6M
Q4 25
$3.2M
$38.9M
Q3 25
$6.5M
$82.3M
Q2 25
$4.1M
$207.5M
Q1 25
$6.3M
$150.3M
Q4 24
$5.9M
$63.8M
Q3 24
$12.7M
$36.7M
Q2 24
$3.4M
Free Cash Flow
AMSC
AMSC
NRUC
NRUC
Q1 26
$105.1M
Q4 25
$2.4M
$38.3M
Q3 25
$5.1M
$82.0M
Q2 25
$3.3M
$202.8M
Q1 25
$5.3M
$149.0M
Q4 24
$5.3M
$62.7M
Q3 24
$12.1M
$35.4M
Q2 24
$3.1M
FCF Margin
AMSC
AMSC
NRUC
NRUC
Q1 26
195.2%
Q4 25
3.2%
64.9%
Q3 25
7.7%
173.4%
Q2 25
4.6%
303.1%
Q1 25
7.9%
131.0%
Q4 24
8.7%
34.5%
Q3 24
22.3%
57.5%
Q2 24
7.8%
Capex Intensity
AMSC
AMSC
NRUC
NRUC
Q1 26
0.9%
Q4 25
1.2%
1.1%
Q3 25
2.1%
0.7%
Q2 25
1.1%
7.0%
Q1 25
1.6%
1.1%
Q4 24
0.9%
0.6%
Q3 24
1.1%
2.1%
Q2 24
0.7%
Cash Conversion
AMSC
AMSC
NRUC
NRUC
Q1 26
4.72×
Q4 25
0.03×
1.99×
Q3 25
1.37×
17.27×
Q2 25
0.61×
2.84×
Q1 25
5.22×
1.75×
Q4 24
2.38×
0.44×
Q3 24
2.60×
Q2 24

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%

NRUC
NRUC

Segment breakdown not available.

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