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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $74.5M, roughly 1.7× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 1.5%, a 156.5% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs -4.8%).

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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

AMSC vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.7× larger
SWBI
$124.7M
$74.5M
AMSC
Growing faster (revenue YoY)
AMSC
AMSC
+25.2% gap
AMSC
21.4%
-3.9%
SWBI
Higher net margin
AMSC
AMSC
156.5% more per $
AMSC
158.1%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$13.9M more FCF
SWBI
$16.3M
$2.4M
AMSC
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
-4.8%
SWBI

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
AMSC
AMSC
SWBI
SWBI
Revenue
$74.5M
$124.7M
Net Profit
$117.8M
$1.9M
Gross Margin
30.7%
24.3%
Operating Margin
4.5%
3.3%
Net Margin
158.1%
1.5%
Revenue YoY
21.4%
-3.9%
Net Profit YoY
4679.1%
-53.6%
EPS (diluted)
$2.62
$0.04

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
SWBI
SWBI
Q4 25
$74.5M
$124.7M
Q3 25
$65.9M
$85.1M
Q2 25
$72.4M
$140.8M
Q1 25
$66.7M
$115.9M
Q4 24
$61.4M
$129.7M
Q3 24
$54.5M
$88.3M
Q2 24
$40.3M
$159.1M
Q1 24
$42.0M
$137.5M
Net Profit
AMSC
AMSC
SWBI
SWBI
Q4 25
$117.8M
$1.9M
Q3 25
$4.8M
$-3.4M
Q2 25
$6.7M
$8.6M
Q1 25
$1.2M
$2.1M
Q4 24
$2.5M
$4.5M
Q3 24
$4.9M
$-1.9M
Q2 24
$-2.5M
$27.9M
Q1 24
$-1.6M
$7.9M
Gross Margin
AMSC
AMSC
SWBI
SWBI
Q4 25
30.7%
24.3%
Q3 25
31.0%
25.9%
Q2 25
33.8%
28.8%
Q1 25
26.5%
24.1%
Q4 24
26.6%
26.6%
Q3 24
28.7%
27.4%
Q2 24
30.3%
35.5%
Q1 24
24.8%
28.7%
Operating Margin
AMSC
AMSC
SWBI
SWBI
Q4 25
4.5%
3.3%
Q3 25
4.5%
-3.5%
Q2 25
7.8%
9.3%
Q1 25
2.5%
4.1%
Q4 24
2.1%
5.8%
Q3 24
-1.4%
-1.7%
Q2 24
-8.2%
17.4%
Q1 24
-5.3%
8.2%
Net Margin
AMSC
AMSC
SWBI
SWBI
Q4 25
158.1%
1.5%
Q3 25
7.2%
-4.0%
Q2 25
9.3%
6.1%
Q1 25
1.8%
1.8%
Q4 24
4.0%
3.5%
Q3 24
9.0%
-2.1%
Q2 24
-6.3%
17.5%
Q1 24
-3.8%
5.7%
EPS (diluted)
AMSC
AMSC
SWBI
SWBI
Q4 25
$2.62
$0.04
Q3 25
$0.11
$-0.08
Q2 25
$0.17
$0.19
Q1 25
$0.04
$0.05
Q4 24
$0.06
$0.10
Q3 24
$0.13
$-0.04
Q2 24
$-0.07
$0.60
Q1 24
$-0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$141.1M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$536.8M
$363.2M
Total Assets
$719.5M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
SWBI
SWBI
Q4 25
$141.1M
$22.4M
Q3 25
$212.9M
$18.0M
Q2 25
$207.9M
$25.2M
Q1 25
$79.5M
$26.7M
Q4 24
$75.2M
$39.1M
Q3 24
$72.1M
$35.5M
Q2 24
$93.5M
$60.8M
Q1 24
$90.5M
$47.4M
Stockholders' Equity
AMSC
AMSC
SWBI
SWBI
Q4 25
$536.8M
$363.2M
Q3 25
$342.2M
$364.4M
Q2 25
$333.1M
$372.5M
Q1 25
$197.1M
$366.9M
Q4 24
$192.7M
$371.5M
Q3 24
$187.0M
$380.0M
Q2 24
$143.3M
$399.9M
Q1 24
$144.6M
$376.4M
Total Assets
AMSC
AMSC
SWBI
SWBI
Q4 25
$719.5M
$548.6M
Q3 25
$445.6M
$554.6M
Q2 25
$452.8M
$559.6M
Q1 25
$310.5M
$578.9M
Q4 24
$310.3M
$587.4M
Q3 24
$298.4M
$571.3M
Q2 24
$240.1M
$577.4M
Q1 24
$232.8M
$570.6M

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
SWBI
SWBI
Operating Cash FlowLast quarter
$3.2M
$27.3M
Free Cash FlowOCF − Capex
$2.4M
$16.3M
FCF MarginFCF / Revenue
3.2%
13.1%
Capex IntensityCapex / Revenue
1.2%
8.8%
Cash ConversionOCF / Net Profit
0.03×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
SWBI
SWBI
Q4 25
$3.2M
$27.3M
Q3 25
$6.5M
$-8.1M
Q2 25
$4.1M
$40.8M
Q1 25
$6.3M
$-9.8M
Q4 24
$5.9M
$-7.4M
Q3 24
$12.7M
$-30.8M
Q2 24
$3.4M
$43.7M
Q1 24
$2.2M
$25.2M
Free Cash Flow
AMSC
AMSC
SWBI
SWBI
Q4 25
$2.4M
$16.3M
Q3 25
$5.1M
$-12.4M
Q2 25
$3.3M
$33.5M
Q1 25
$5.3M
$-16.1M
Q4 24
$5.3M
$-10.7M
Q3 24
$12.1M
$-35.5M
Q2 24
$3.1M
$38.2M
Q1 24
$1.9M
$7.0M
FCF Margin
AMSC
AMSC
SWBI
SWBI
Q4 25
3.2%
13.1%
Q3 25
7.7%
-14.6%
Q2 25
4.6%
23.8%
Q1 25
7.9%
-13.9%
Q4 24
8.7%
-8.3%
Q3 24
22.3%
-40.2%
Q2 24
7.8%
24.0%
Q1 24
4.6%
5.1%
Capex Intensity
AMSC
AMSC
SWBI
SWBI
Q4 25
1.2%
8.8%
Q3 25
2.1%
5.0%
Q2 25
1.1%
5.2%
Q1 25
1.6%
5.4%
Q4 24
0.9%
2.5%
Q3 24
1.1%
5.3%
Q2 24
0.7%
3.5%
Q1 24
0.7%
13.2%
Cash Conversion
AMSC
AMSC
SWBI
SWBI
Q4 25
0.03×
14.22×
Q3 25
1.37×
Q2 25
0.61×
4.73×
Q1 25
5.22×
-4.68×
Q4 24
2.38×
-1.63×
Q3 24
2.60×
Q2 24
1.57×
Q1 24
3.20×

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%

SWBI
SWBI

Segment breakdown not available.

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