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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and 374Water Inc. (SCWO). Click either name above to swap in a different company.

374Water Inc. runs the higher net margin — 495.8% vs 158.1%, a 337.8% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -14299.1%). Over the past eight quarters, 374Water Inc.'s revenue compounded faster (NaN% CAGR vs NaN%).

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.

374Water Inc. is a cleantech company offering advanced supercritical water oxidation solutions for non-recyclable waste treatment. It serves industrial, municipal and government clients across North America and Europe, processing organic sludge, hazardous industrial waste and contaminated wastewater to cut environmental impact of waste disposal.

AMSC vs SCWO — Head-to-Head

Bigger by revenue
AMSC
AMSC
-44.3× larger
AMSC
$74.5M
$-1.7M
SCWO
Growing faster (revenue YoY)
AMSC
AMSC
+14320.5% gap
AMSC
21.4%
-14299.1%
SCWO
Higher net margin
SCWO
SCWO
337.8% more per $
SCWO
495.8%
158.1%
AMSC
Faster 2-yr revenue CAGR
SCWO
SCWO
Annualised
SCWO
NaN%
33.2%
AMSC

Income Statement — Q3 2026 vs Q4 2025

Metric
AMSC
AMSC
SCWO
SCWO
Revenue
$74.5M
$-1.7M
Net Profit
$117.8M
$-8.3M
Gross Margin
30.7%
144.1%
Operating Margin
4.5%
496.8%
Net Margin
158.1%
495.8%
Revenue YoY
21.4%
-14299.1%
Net Profit YoY
4679.1%
-74.8%
EPS (diluted)
$2.62
$-1.35

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
SCWO
SCWO
Q4 25
$74.5M
$-1.7M
Q3 25
$65.9M
$760.4K
Q2 25
$72.4M
$595.0K
Q1 25
$66.7M
$543.1K
Q4 24
$61.4M
$11.9K
Q3 24
$54.5M
$81.5K
Q2 24
$40.3M
$36.8K
Q1 24
$42.0M
$315.3K
Net Profit
AMSC
AMSC
SCWO
SCWO
Q4 25
$117.8M
$-8.3M
Q3 25
$4.8M
$-4.3M
Q2 25
$6.7M
$-4.6M
Q1 25
$1.2M
$-3.7M
Q4 24
$2.5M
$-4.8M
Q3 24
$4.9M
$-2.7M
Q2 24
$-2.5M
$-2.9M
Q1 24
$-1.6M
$-2.0M
Gross Margin
AMSC
AMSC
SCWO
SCWO
Q4 25
30.7%
144.1%
Q3 25
31.0%
28.0%
Q2 25
33.8%
-46.5%
Q1 25
26.5%
25.5%
Q4 24
26.6%
-5423.8%
Q3 24
28.7%
48.0%
Q2 24
30.3%
-18.3%
Q1 24
24.8%
-95.8%
Operating Margin
AMSC
AMSC
SCWO
SCWO
Q4 25
4.5%
496.8%
Q3 25
4.5%
-573.5%
Q2 25
7.8%
-779.5%
Q1 25
2.5%
-697.0%
Q4 24
2.1%
-40833.5%
Q3 24
-1.4%
-3364.5%
Q2 24
-8.2%
-8199.4%
Q1 24
-5.3%
-698.2%
Net Margin
AMSC
AMSC
SCWO
SCWO
Q4 25
158.1%
495.8%
Q3 25
7.2%
-571.9%
Q2 25
9.3%
-769.9%
Q1 25
1.8%
-681.0%
Q4 24
4.0%
-40279.3%
Q3 24
9.0%
-3315.5%
Q2 24
-6.3%
-7963.7%
Q1 24
-3.8%
-642.1%
EPS (diluted)
AMSC
AMSC
SCWO
SCWO
Q4 25
$2.62
$-1.35
Q3 25
$0.11
$0.03
Q2 25
$0.17
$-0.03
Q1 25
$0.04
$-0.03
Q4 24
$0.06
$-0.90
Q3 24
$0.13
$0.02
Q2 24
$-0.07
$-0.02
Q1 24
$-0.03
$-0.02

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
SCWO
SCWO
Cash + ST InvestmentsLiquidity on hand
$141.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$536.8M
$6.7M
Total Assets
$719.5M
$11.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
SCWO
SCWO
Q4 25
$141.1M
Q3 25
$212.9M
Q2 25
$207.9M
Q1 25
$79.5M
Q4 24
$75.2M
$10.7M
Q3 24
$72.1M
$2.0M
Q2 24
$93.5M
Q1 24
$90.5M
Stockholders' Equity
AMSC
AMSC
SCWO
SCWO
Q4 25
$536.8M
$6.7M
Q3 25
$342.2M
$6.5M
Q2 25
$333.1M
$8.9M
Q1 25
$197.1M
$12.6M
Q4 24
$192.7M
$15.5M
Q3 24
$187.0M
$8.5M
Q2 24
$143.3M
$10.7M
Q1 24
$144.6M
$12.9M
Total Assets
AMSC
AMSC
SCWO
SCWO
Q4 25
$719.5M
$11.4M
Q3 25
$445.6M
$11.4M
Q2 25
$452.8M
$12.4M
Q1 25
$310.5M
$16.0M
Q4 24
$310.3M
$19.2M
Q3 24
$298.4M
$10.1M
Q2 24
$240.1M
$12.2M
Q1 24
$232.8M
$14.5M

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
SCWO
SCWO
Operating Cash FlowLast quarter
$3.2M
$-4.1M
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
SCWO
SCWO
Q4 25
$3.2M
$-4.1M
Q3 25
$6.5M
$-2.6M
Q2 25
$4.1M
$-4.1M
Q1 25
$6.3M
$-3.5M
Q4 24
$5.9M
$-3.1M
Q3 24
$12.7M
$-2.6M
Q2 24
$3.4M
$-2.4M
Q1 24
$2.2M
$-2.5M
Free Cash Flow
AMSC
AMSC
SCWO
SCWO
Q4 25
$2.4M
Q3 25
$5.1M
$-3.0M
Q2 25
$3.3M
Q1 25
$5.3M
$-3.8M
Q4 24
$5.3M
$-3.6M
Q3 24
$12.1M
$-2.6M
Q2 24
$3.1M
$-2.5M
Q1 24
$1.9M
FCF Margin
AMSC
AMSC
SCWO
SCWO
Q4 25
3.2%
Q3 25
7.7%
-399.9%
Q2 25
4.6%
Q1 25
7.9%
-698.2%
Q4 24
8.7%
-30127.7%
Q3 24
22.3%
-3181.5%
Q2 24
7.8%
-6712.2%
Q1 24
4.6%
Capex Intensity
AMSC
AMSC
SCWO
SCWO
Q4 25
1.2%
Q3 25
2.1%
60.1%
Q2 25
1.1%
Q1 25
1.6%
54.7%
Q4 24
0.9%
4048.1%
Q3 24
1.1%
35.5%
Q2 24
0.7%
125.2%
Q1 24
0.7%
0.0%
Cash Conversion
AMSC
AMSC
SCWO
SCWO
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
AMSC

Equipment And Systems$56.0M75%
Megatran$14.1M19%
Comtrafo Industria De Transformadores Eletricos SA$4.6M6%

SCWO
SCWO

Segment breakdown not available.

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