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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $74.5M, roughly 1.2× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -5.9%, a 163.9% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 7.2%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-78.6M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 15.0%).

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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

AMSC vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.2× larger
SHEN
$91.6M
$74.5M
AMSC
Growing faster (revenue YoY)
AMSC
AMSC
+14.1% gap
AMSC
21.4%
7.2%
SHEN
Higher net margin
AMSC
AMSC
163.9% more per $
AMSC
158.1%
-5.9%
SHEN
More free cash flow
AMSC
AMSC
$80.9M more FCF
AMSC
$2.4M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
15.0%
SHEN

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AMSC
AMSC
SHEN
SHEN
Revenue
$74.5M
$91.6M
Net Profit
$117.8M
$-5.4M
Gross Margin
30.7%
Operating Margin
4.5%
-1.0%
Net Margin
158.1%
-5.9%
Revenue YoY
21.4%
7.2%
Net Profit YoY
4679.1%
-95.8%
EPS (diluted)
$2.62
$-0.13

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
SHEN
SHEN
Q4 25
$74.5M
$91.6M
Q3 25
$65.9M
$89.8M
Q2 25
$72.4M
$88.6M
Q1 25
$66.7M
$87.9M
Q4 24
$61.4M
$85.4M
Q3 24
$54.5M
$87.6M
Q2 24
$40.3M
$85.8M
Q1 24
$42.0M
$69.2M
Net Profit
AMSC
AMSC
SHEN
SHEN
Q4 25
$117.8M
$-5.4M
Q3 25
$4.8M
$-9.4M
Q2 25
$6.7M
$-9.0M
Q1 25
$1.2M
$-9.1M
Q4 24
$2.5M
$-2.7M
Q3 24
$4.9M
$-5.3M
Q2 24
$-2.5M
$-12.9M
Q1 24
$-1.6M
$214.7M
Gross Margin
AMSC
AMSC
SHEN
SHEN
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%
Operating Margin
AMSC
AMSC
SHEN
SHEN
Q4 25
4.5%
-1.0%
Q3 25
4.5%
-8.0%
Q2 25
7.8%
-10.3%
Q1 25
2.5%
-6.9%
Q4 24
2.1%
-6.7%
Q3 24
-1.4%
-4.8%
Q2 24
-8.2%
-18.5%
Q1 24
-5.3%
-4.0%
Net Margin
AMSC
AMSC
SHEN
SHEN
Q4 25
158.1%
-5.9%
Q3 25
7.2%
-10.5%
Q2 25
9.3%
-10.2%
Q1 25
1.8%
-10.4%
Q4 24
4.0%
-3.2%
Q3 24
9.0%
-6.0%
Q2 24
-6.3%
-15.0%
Q1 24
-3.8%
310.0%
EPS (diluted)
AMSC
AMSC
SHEN
SHEN
Q4 25
$2.62
$-0.13
Q3 25
$0.11
$-0.20
Q2 25
$0.17
$-0.19
Q1 25
$0.04
$-0.19
Q4 24
$0.06
$-0.34
Q3 24
$0.13
$-0.13
Q2 24
$-0.07
$-0.24
Q1 24
$-0.03
$4.25

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$141.1M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$536.8M
$880.8M
Total Assets
$719.5M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
SHEN
SHEN
Q4 25
$141.1M
$27.3M
Q3 25
$212.9M
$22.6M
Q2 25
$207.9M
$29.1M
Q1 25
$79.5M
$87.5M
Q4 24
$75.2M
$46.3M
Q3 24
$72.1M
$43.1M
Q2 24
$93.5M
$43.8M
Q1 24
$90.5M
$389.7M
Total Debt
AMSC
AMSC
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$535.4M
Q2 25
$513.1M
Q1 25
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
AMSC
AMSC
SHEN
SHEN
Q4 25
$536.8M
$880.8M
Q3 25
$342.2M
$892.7M
Q2 25
$333.1M
$902.0M
Q1 25
$197.1M
$910.5M
Q4 24
$192.7M
$918.6M
Q3 24
$187.0M
$925.4M
Q2 24
$143.3M
$933.1M
Q1 24
$144.6M
$871.6M
Total Assets
AMSC
AMSC
SHEN
SHEN
Q4 25
$719.5M
$1.9B
Q3 25
$445.6M
$1.9B
Q2 25
$452.8M
$1.8B
Q1 25
$310.5M
$1.8B
Q4 24
$310.3M
$1.7B
Q3 24
$298.4M
$1.7B
Q2 24
$240.1M
$1.7B
Q1 24
$232.8M
$1.4B
Debt / Equity
AMSC
AMSC
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$3.2M
$28.8M
Free Cash FlowOCF − Capex
$2.4M
$-78.6M
FCF MarginFCF / Revenue
3.2%
-85.8%
Capex IntensityCapex / Revenue
1.2%
117.2%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
SHEN
SHEN
Q4 25
$3.2M
$28.8M
Q3 25
$6.5M
$30.7M
Q2 25
$4.1M
$20.9M
Q1 25
$6.3M
$20.5M
Q4 24
$5.9M
$20.6M
Q3 24
$12.7M
$24.3M
Q2 24
$3.4M
$2.5M
Q1 24
$2.2M
$15.2M
Free Cash Flow
AMSC
AMSC
SHEN
SHEN
Q4 25
$2.4M
$-78.6M
Q3 25
$5.1M
$-51.4M
Q2 25
$3.3M
$-65.3M
Q1 25
$5.3M
$-62.7M
Q4 24
$5.3M
$-72.0M
Q3 24
$12.1M
$-51.3M
Q2 24
$3.1M
$-78.3M
Q1 24
$1.9M
$-54.9M
FCF Margin
AMSC
AMSC
SHEN
SHEN
Q4 25
3.2%
-85.8%
Q3 25
7.7%
-57.2%
Q2 25
4.6%
-73.7%
Q1 25
7.9%
-71.3%
Q4 24
8.7%
-84.3%
Q3 24
22.3%
-58.5%
Q2 24
7.8%
-91.3%
Q1 24
4.6%
-79.3%
Capex Intensity
AMSC
AMSC
SHEN
SHEN
Q4 25
1.2%
117.2%
Q3 25
2.1%
91.4%
Q2 25
1.1%
97.3%
Q1 25
1.6%
94.7%
Q4 24
0.9%
108.4%
Q3 24
1.1%
86.2%
Q2 24
0.7%
94.2%
Q1 24
0.7%
101.2%
Cash Conversion
AMSC
AMSC
SHEN
SHEN
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
0.07×

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%

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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