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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $74.5M, roughly 1.2× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 18.3%, a 139.8% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 18.7%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-13.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 17.6%).
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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
AMSC vs OPAL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $88.4M |
| Net Profit | $117.8M | $16.2M |
| Gross Margin | 30.7% | — |
| Operating Margin | 4.5% | 7.5% |
| Net Margin | 158.1% | 18.3% |
| Revenue YoY | 21.4% | 18.7% |
| Net Profit YoY | 4679.1% | 401.5% |
| EPS (diluted) | $2.62 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $65.9M | $77.9M | ||
| Q2 25 | $72.4M | $77.4M | ||
| Q1 25 | $66.7M | $83.0M | ||
| Q4 24 | $61.4M | $74.5M | ||
| Q3 24 | $54.5M | $82.6M | ||
| Q2 24 | $40.3M | $69.8M | ||
| Q1 24 | $42.0M | $64.0M |
| Q4 25 | $117.8M | $16.2M | ||
| Q3 25 | $4.8M | $11.4M | ||
| Q2 25 | $6.7M | $7.6M | ||
| Q1 25 | $1.2M | $1.3M | ||
| Q4 24 | $2.5M | $-5.4M | ||
| Q3 24 | $4.9M | $17.1M | ||
| Q2 24 | $-2.5M | $1.9M | ||
| Q1 24 | $-1.6M | $677.0K |
| 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% | 7.5% | ||
| Q3 25 | 4.5% | 4.6% | ||
| Q2 25 | 7.8% | -1.1% | ||
| Q1 25 | 2.5% | -2.3% | ||
| Q4 24 | 2.1% | -0.5% | ||
| Q3 24 | -1.4% | 14.9% | ||
| Q2 24 | -8.2% | 8.1% | ||
| Q1 24 | -5.3% | 5.6% |
| Q4 25 | 158.1% | 18.3% | ||
| Q3 25 | 7.2% | 14.6% | ||
| Q2 25 | 9.3% | 9.8% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 4.0% | -7.2% | ||
| Q3 24 | 9.0% | 20.7% | ||
| Q2 24 | -6.3% | 2.7% | ||
| Q1 24 | -3.8% | 1.1% |
| Q4 25 | $2.62 | $0.08 | ||
| Q3 25 | $0.11 | $0.05 | ||
| Q2 25 | $0.17 | $0.03 | ||
| Q1 25 | $0.04 | $-0.01 | ||
| Q4 24 | $0.06 | $-0.05 | ||
| Q3 24 | $0.13 | $0.09 | ||
| Q2 24 | $-0.07 | $-0.01 | ||
| 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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $536.8M | $-12.9M |
| Total Assets | $719.5M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $24.4M | ||
| Q3 25 | $212.9M | $29.9M | ||
| Q2 25 | $207.9M | $29.3M | ||
| Q1 25 | $79.5M | $40.1M | ||
| Q4 24 | $75.2M | $24.3M | ||
| Q3 24 | $72.1M | $31.0M | ||
| Q2 24 | $93.5M | $27.6M | ||
| Q1 24 | $90.5M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $536.8M | $-12.9M | ||
| Q3 25 | $342.2M | $7.5M | ||
| Q2 25 | $333.1M | $-25.0M | ||
| Q1 25 | $197.1M | $57.1M | ||
| Q4 24 | $192.7M | $-148.4M | ||
| Q3 24 | $187.0M | $-180.1M | ||
| Q2 24 | $143.3M | $-273.0M | ||
| Q1 24 | $144.6M | $-382.4M |
| Q4 25 | $719.5M | $959.5M | ||
| Q3 25 | $445.6M | $916.7M | ||
| Q2 25 | $452.8M | $905.5M | ||
| Q1 25 | $310.5M | $884.9M | ||
| Q4 24 | $310.3M | $881.1M | ||
| Q3 24 | $298.4M | $831.1M | ||
| Q2 24 | $240.1M | $782.3M | ||
| Q1 24 | $232.8M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.5M |
| Free Cash FlowOCF − Capex | $2.4M | $-13.4M |
| FCF MarginFCF / Revenue | 3.2% | -15.1% |
| Capex IntensityCapex / Revenue | 1.2% | 11.1% |
| Cash ConversionOCF / Net Profit | 0.03× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-3.5M | ||
| Q3 25 | $6.5M | $18.2M | ||
| Q2 25 | $4.1M | $-7.9M | ||
| Q1 25 | $6.3M | $29.7M | ||
| Q4 24 | $5.9M | $-532.0K | ||
| Q3 24 | $12.7M | $17.7M | ||
| Q2 24 | $3.4M | $533.0K | ||
| Q1 24 | $2.2M | $13.7M |
| Q4 25 | $2.4M | $-13.4M | ||
| Q3 25 | $5.1M | $-9.3M | ||
| Q2 25 | $3.3M | $-29.7M | ||
| Q1 25 | $5.3M | $18.1M | ||
| Q4 24 | $5.3M | $-55.0M | ||
| Q3 24 | $12.1M | $-5.4M | ||
| Q2 24 | $3.1M | $-22.5M | ||
| Q1 24 | $1.9M | $-13.0M |
| Q4 25 | 3.2% | -15.1% | ||
| Q3 25 | 7.7% | -11.9% | ||
| Q2 25 | 4.6% | -38.4% | ||
| Q1 25 | 7.9% | 21.8% | ||
| Q4 24 | 8.7% | -73.8% | ||
| Q3 24 | 22.3% | -6.5% | ||
| Q2 24 | 7.8% | -32.2% | ||
| Q1 24 | 4.6% | -20.4% |
| Q4 25 | 1.2% | 11.1% | ||
| Q3 25 | 2.1% | 35.3% | ||
| Q2 25 | 1.1% | 28.2% | ||
| Q1 25 | 1.6% | 13.9% | ||
| Q4 24 | 0.9% | 73.1% | ||
| Q3 24 | 1.1% | 27.9% | ||
| Q2 24 | 0.7% | 32.9% | ||
| Q1 24 | 0.7% | 41.8% |
| Q4 25 | 0.03× | -0.22× | ||
| Q3 25 | 1.37× | 1.60× | ||
| Q2 25 | 0.61× | -1.04× | ||
| Q1 25 | 5.22× | 23.11× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
