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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $74.5M, roughly 1.2× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 1.4%, a 156.7% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 1.8%).
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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
AMSC vs SND — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $86.0M |
| Net Profit | $117.8M | $1.2M |
| Gross Margin | 30.7% | 13.0% |
| Operating Margin | 4.5% | -3.1% |
| Net Margin | 158.1% | 1.4% |
| Revenue YoY | 21.4% | -5.8% |
| Net Profit YoY | 4679.1% | -68.5% |
| EPS (diluted) | $2.62 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $65.9M | $92.8M | ||
| Q2 25 | $72.4M | $85.8M | ||
| Q1 25 | $66.7M | $65.6M | ||
| Q4 24 | $61.4M | $91.4M | ||
| Q3 24 | $54.5M | $63.2M | ||
| Q2 24 | $40.3M | $73.8M | ||
| Q1 24 | $42.0M | $83.1M |
| Q4 25 | $117.8M | $1.2M | ||
| Q3 25 | $4.8M | $3.0M | ||
| Q2 25 | $6.7M | $21.4M | ||
| Q1 25 | $1.2M | $-24.2M | ||
| Q4 24 | $2.5M | $3.7M | ||
| Q3 24 | $4.9M | $-98.0K | ||
| Q2 24 | $-2.5M | $-430.0K | ||
| Q1 24 | $-1.6M | $-216.0K |
| Q4 25 | 30.7% | 13.0% | ||
| Q3 25 | 31.0% | 16.1% | ||
| Q2 25 | 33.8% | 10.4% | ||
| Q1 25 | 26.5% | 4.2% | ||
| Q4 24 | 26.6% | 14.7% | ||
| Q3 24 | 28.7% | 10.3% | ||
| Q2 24 | 30.3% | 17.7% | ||
| Q1 24 | 24.8% | 14.2% |
| Q4 25 | 4.5% | -3.1% | ||
| Q3 25 | 4.5% | 5.8% | ||
| Q2 25 | 7.8% | -0.1% | ||
| Q1 25 | 2.5% | -10.8% | ||
| Q4 24 | 2.1% | 3.9% | ||
| Q3 24 | -1.4% | -7.8% | ||
| Q2 24 | -8.2% | 4.8% | ||
| Q1 24 | -5.3% | 0.9% |
| Q4 25 | 158.1% | 1.4% | ||
| Q3 25 | 7.2% | 3.2% | ||
| Q2 25 | 9.3% | 24.9% | ||
| Q1 25 | 1.8% | -37.0% | ||
| Q4 24 | 4.0% | 4.1% | ||
| Q3 24 | 9.0% | -0.2% | ||
| Q2 24 | -6.3% | -0.6% | ||
| Q1 24 | -3.8% | -0.3% |
| Q4 25 | $2.62 | $0.03 | ||
| Q3 25 | $0.11 | $0.08 | ||
| Q2 25 | $0.17 | $0.54 | ||
| Q1 25 | $0.04 | $-0.62 | ||
| Q4 24 | $0.06 | $0.10 | ||
| Q3 24 | $0.13 | $0.00 | ||
| 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 | $22.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $536.8M | $239.7M |
| Total Assets | $719.5M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $22.6M | ||
| Q3 25 | $212.9M | $5.1M | ||
| Q2 25 | $207.9M | $4.3M | ||
| Q1 25 | $79.5M | $5.1M | ||
| Q4 24 | $75.2M | $1.6M | ||
| Q3 24 | $72.1M | $7.2M | ||
| Q2 24 | $93.5M | $6.3M | ||
| Q1 24 | $90.5M | $4.6M |
| Q4 25 | — | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $536.8M | $239.7M | ||
| Q3 25 | $342.2M | $239.9M | ||
| Q2 25 | $333.1M | $240.5M | ||
| Q1 25 | $197.1M | $219.9M | ||
| Q4 24 | $192.7M | $243.8M | ||
| Q3 24 | $187.0M | $243.6M | ||
| Q2 24 | $143.3M | $242.9M | ||
| Q1 24 | $144.6M | $242.5M |
| Q4 25 | $719.5M | $340.0M | ||
| Q3 25 | $445.6M | $343.1M | ||
| Q2 25 | $452.8M | $345.8M | ||
| Q1 25 | $310.5M | $326.9M | ||
| Q4 24 | $310.3M | $341.5M | ||
| Q3 24 | $298.4M | $335.8M | ||
| Q2 24 | $240.1M | $341.8M | ||
| Q1 24 | $232.8M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $2.4M | $20.4M |
| FCF MarginFCF / Revenue | 3.2% | 23.7% |
| Capex IntensityCapex / Revenue | 1.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 0.03× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $22.4M | ||
| Q3 25 | $6.5M | $18.2M | ||
| Q2 25 | $4.1M | $-5.1M | ||
| Q1 25 | $6.3M | $8.7M | ||
| Q4 24 | $5.9M | $1.0M | ||
| Q3 24 | $12.7M | $5.8M | ||
| Q2 24 | $3.4M | $14.9M | ||
| Q1 24 | $2.2M | $-3.9M |
| Q4 25 | $2.4M | $20.4M | ||
| Q3 25 | $5.1M | $14.8M | ||
| Q2 25 | $3.3M | $-7.8M | ||
| Q1 25 | $5.3M | $5.2M | ||
| Q4 24 | $5.3M | $-840.0K | ||
| Q3 24 | $12.1M | $3.7M | ||
| Q2 24 | $3.1M | $13.5M | ||
| Q1 24 | $1.9M | $-5.5M |
| Q4 25 | 3.2% | 23.7% | ||
| Q3 25 | 7.7% | 15.9% | ||
| Q2 25 | 4.6% | -9.1% | ||
| Q1 25 | 7.9% | 7.9% | ||
| Q4 24 | 8.7% | -0.9% | ||
| Q3 24 | 22.3% | 5.8% | ||
| Q2 24 | 7.8% | 18.3% | ||
| Q1 24 | 4.6% | -6.6% |
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 2.1% | 3.6% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.6% | 5.4% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.1% | 3.4% | ||
| Q2 24 | 0.7% | 1.8% | ||
| Q1 24 | 0.7% | 2.0% |
| Q4 25 | 0.03× | 18.99× | ||
| Q3 25 | 1.37× | 6.05× | ||
| Q2 25 | 0.61× | -0.24× | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | 0.28× | ||
| 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% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
