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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $57.6M, roughly 1.3× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 21.4%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-167.0M).
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.
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
AMSC vs PHAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $57.6M |
| Net Profit | $117.8M | — |
| Gross Margin | 30.7% | 86.7% |
| Operating Margin | 4.5% | — |
| Net Margin | 158.1% | — |
| Revenue YoY | 21.4% | 94.1% |
| Net Profit YoY | 4679.1% | 71.6% |
| 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.
| Q4 25 | $74.5M | $57.6M | ||
| Q3 25 | $65.9M | $49.5M | ||
| Q2 25 | $72.4M | $39.5M | ||
| Q1 25 | $66.7M | $28.5M | ||
| Q4 24 | $61.4M | $29.7M | ||
| Q3 24 | $54.5M | $16.4M | ||
| Q2 24 | $40.3M | $7.3M | ||
| Q1 24 | $42.0M | — |
| Q4 25 | $117.8M | — | ||
| Q3 25 | $4.8M | $-30.0M | ||
| Q2 25 | $6.7M | $-75.8M | ||
| Q1 25 | $1.2M | $-94.3M | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $4.9M | $-85.6M | ||
| Q2 24 | $-2.5M | $-91.4M | ||
| Q1 24 | $-1.6M | — |
| Q4 25 | 30.7% | 86.7% | ||
| Q3 25 | 31.0% | 87.5% | ||
| Q2 25 | 33.8% | 87.2% | ||
| Q1 25 | 26.5% | 86.9% | ||
| Q4 24 | 26.6% | 87.1% | ||
| Q3 24 | 28.7% | 85.6% | ||
| Q2 24 | 30.3% | 81.2% | ||
| Q1 24 | 24.8% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.5% | -30.8% | ||
| Q2 25 | 7.8% | -151.7% | ||
| Q1 25 | 2.5% | -276.5% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | -1.4% | -433.0% | ||
| Q2 24 | -8.2% | -1055.4% | ||
| Q1 24 | -5.3% | — |
| Q4 25 | 158.1% | — | ||
| Q3 25 | 7.2% | -60.5% | ||
| Q2 25 | 9.3% | -191.9% | ||
| Q1 25 | 1.8% | -330.7% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.0% | -523.3% | ||
| Q2 24 | -6.3% | -1248.6% | ||
| Q1 24 | -3.8% | — |
| Q4 25 | $2.62 | — | ||
| Q3 25 | $0.11 | $-0.41 | ||
| Q2 25 | $0.17 | $-1.05 | ||
| Q1 25 | $0.04 | $-1.31 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $0.13 | $-1.32 | ||
| Q2 24 | $-0.07 | $-1.56 | ||
| Q1 24 | $-0.03 | — |
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 | $130.0M |
| Total DebtLower is stronger | — | $209.1M |
| Stockholders' EquityBook value | $536.8M | $-438.2M |
| Total Assets | $719.5M | $259.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $130.0M | ||
| Q3 25 | $212.9M | $135.2M | ||
| Q2 25 | $207.9M | $149.6M | ||
| Q1 25 | $79.5M | $212.3M | ||
| Q4 24 | $75.2M | $297.3M | ||
| Q3 24 | $72.1M | $334.7M | ||
| Q2 24 | $93.5M | $276.2M | ||
| Q1 24 | $90.5M | — |
| Q4 25 | — | $209.1M | ||
| Q3 25 | — | $207.1M | ||
| Q2 25 | — | $205.1M | ||
| Q1 25 | — | $203.2M | ||
| Q4 24 | — | $201.4M | ||
| Q3 24 | — | $175.7M | ||
| Q2 24 | — | $174.4M | ||
| Q1 24 | — | — |
| Q4 25 | $536.8M | $-438.2M | ||
| Q3 25 | $342.2M | $-422.5M | ||
| Q2 25 | $333.1M | $-405.8M | ||
| Q1 25 | $197.1M | $-338.4M | ||
| Q4 24 | $192.7M | $-253.6M | ||
| Q3 24 | $187.0M | $-187.1M | ||
| Q2 24 | $143.3M | $-233.8M | ||
| Q1 24 | $144.6M | — |
| Q4 25 | $719.5M | $259.1M | ||
| Q3 25 | $445.6M | $240.3M | ||
| Q2 25 | $452.8M | $250.2M | ||
| Q1 25 | $310.5M | $294.2M | ||
| Q4 24 | $310.3M | $378.3M | ||
| Q3 24 | $298.4M | $387.0M | ||
| Q2 24 | $240.1M | $319.4M | ||
| Q1 24 | $232.8M | — |
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 | $-166.8M |
| Free Cash FlowOCF − Capex | $2.4M | $-167.0M |
| FCF MarginFCF / Revenue | 3.2% | -290.0% |
| Capex IntensityCapex / Revenue | 1.2% | 0.4% |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $-328.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-166.8M | ||
| Q3 25 | $6.5M | $-14.1M | ||
| Q2 25 | $4.1M | $-62.7M | ||
| Q1 25 | $6.3M | $-84.9M | ||
| Q4 24 | $5.9M | $-266.8M | ||
| Q3 24 | $12.7M | $-63.6M | ||
| Q2 24 | $3.4M | $-70.7M | ||
| Q1 24 | $2.2M | — |
| Q4 25 | $2.4M | $-167.0M | ||
| Q3 25 | $5.1M | $-14.1M | ||
| Q2 25 | $3.3M | $-62.8M | ||
| Q1 25 | $5.3M | $-84.9M | ||
| Q4 24 | $5.3M | $-266.9M | ||
| Q3 24 | $12.1M | $-63.6M | ||
| Q2 24 | $3.1M | $-70.8M | ||
| Q1 24 | $1.9M | — |
| Q4 25 | 3.2% | -290.0% | ||
| Q3 25 | 7.7% | -28.6% | ||
| Q2 25 | 4.6% | -159.0% | ||
| Q1 25 | 7.9% | -297.9% | ||
| Q4 24 | 8.7% | -899.8% | ||
| Q3 24 | 22.3% | -389.0% | ||
| Q2 24 | 7.8% | -966.2% | ||
| Q1 24 | 4.6% | — |
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 2.1% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 0.9% | 0.5% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| 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% |
PHAT
Segment breakdown not available.
