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

SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $74.5M, roughly 1.0× AMERICAN SUPERCONDUCTOR CORP).

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.

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

AMSC vs SNDL — Head-to-Head

Bigger by revenue
SNDL
SNDL
1.0× larger
SNDL
$77.5M
$74.5M
AMSC

Income Statement — Q3 FY2026 vs Q1 FY2025

Metric
AMSC
AMSC
SNDL
SNDL
Revenue
$74.5M
$77.5M
Net Profit
$117.8M
Gross Margin
30.7%
25.3%
Operating Margin
4.5%
6.7%
Net Margin
158.1%
Revenue YoY
21.4%
Net Profit YoY
4679.1%
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.

Revenue
AMSC
AMSC
SNDL
SNDL
Q4 25
$74.5M
Q3 25
$65.9M
Q2 25
$72.4M
Q1 25
$66.7M
$77.5M
Q4 24
$61.4M
Q3 24
$54.5M
Q2 24
$40.3M
Q1 24
$42.0M
$116.1M
Net Profit
AMSC
AMSC
SNDL
SNDL
Q4 25
$117.8M
Q3 25
$4.8M
Q2 25
$6.7M
Q1 25
$1.2M
Q4 24
$2.5M
Q3 24
$4.9M
Q2 24
$-2.5M
Q1 24
$-1.6M
Gross Margin
AMSC
AMSC
SNDL
SNDL
Q4 25
30.7%
Q3 25
31.0%
Q2 25
33.8%
Q1 25
26.5%
25.3%
Q4 24
26.6%
Q3 24
28.7%
Q2 24
30.3%
Q1 24
24.8%
24.8%
Operating Margin
AMSC
AMSC
SNDL
SNDL
Q4 25
4.5%
Q3 25
4.5%
Q2 25
7.8%
Q1 25
2.5%
6.7%
Q4 24
2.1%
Q3 24
-1.4%
Q2 24
-8.2%
Q1 24
-5.3%
1.9%
Net Margin
AMSC
AMSC
SNDL
SNDL
Q4 25
158.1%
Q3 25
7.2%
Q2 25
9.3%
Q1 25
1.8%
Q4 24
4.0%
Q3 24
9.0%
Q2 24
-6.3%
Q1 24
-3.8%
EPS (diluted)
AMSC
AMSC
SNDL
SNDL
Q4 25
$2.62
Q3 25
$0.11
Q2 25
$0.17
Q1 25
$0.04
Q4 24
$0.06
Q3 24
$0.13
Q2 24
$-0.07
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
SNDL
SNDL
Q4 25
$141.1M
Q3 25
$212.9M
Q2 25
$207.9M
Q1 25
$79.5M
Q4 24
$75.2M
Q3 24
$72.1M
Q2 24
$93.5M
Q1 24
$90.5M
Stockholders' Equity
AMSC
AMSC
SNDL
SNDL
Q4 25
$536.8M
Q3 25
$342.2M
Q2 25
$333.1M
Q1 25
$197.1M
Q4 24
$192.7M
Q3 24
$187.0M
Q2 24
$143.3M
Q1 24
$144.6M
Total Assets
AMSC
AMSC
SNDL
SNDL
Q4 25
$719.5M
Q3 25
$445.6M
Q2 25
$452.8M
Q1 25
$310.5M
Q4 24
$310.3M
Q3 24
$298.4M
Q2 24
$240.1M
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
AMSC
AMSC
SNDL
SNDL
Operating Cash FlowLast quarter
$3.2M
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
SNDL
SNDL
Q4 25
$3.2M
Q3 25
$6.5M
Q2 25
$4.1M
Q1 25
$6.3M
Q4 24
$5.9M
Q3 24
$12.7M
Q2 24
$3.4M
Q1 24
$2.2M
Free Cash Flow
AMSC
AMSC
SNDL
SNDL
Q4 25
$2.4M
Q3 25
$5.1M
Q2 25
$3.3M
Q1 25
$5.3M
Q4 24
$5.3M
Q3 24
$12.1M
Q2 24
$3.1M
Q1 24
$1.9M
FCF Margin
AMSC
AMSC
SNDL
SNDL
Q4 25
3.2%
Q3 25
7.7%
Q2 25
4.6%
Q1 25
7.9%
Q4 24
8.7%
Q3 24
22.3%
Q2 24
7.8%
Q1 24
4.6%
Capex Intensity
AMSC
AMSC
SNDL
SNDL
Q4 25
1.2%
Q3 25
2.1%
Q2 25
1.1%
Q1 25
1.6%
Q4 24
0.9%
Q3 24
1.1%
Q2 24
0.7%
Q1 24
0.7%
Cash Conversion
AMSC
AMSC
SNDL
SNDL
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%

SNDL
SNDL

Segment breakdown not available.

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