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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $74.5M, roughly 1.3× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -7.0%, a 165.1% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 14.5%). Latham Group, Inc. produced more free cash flow last quarter ($14.1M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
AMSC vs SWIM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $100.0M |
| Net Profit | $117.8M | $-7.0M |
| Gross Margin | 30.7% | 28.0% |
| Operating Margin | 4.5% | -10.7% |
| Net Margin | 158.1% | -7.0% |
| Revenue YoY | 21.4% | 14.5% |
| Net Profit YoY | 4679.1% | 76.0% |
| EPS (diluted) | $2.62 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $65.9M | $161.9M | ||
| Q2 25 | $72.4M | $172.6M | ||
| Q1 25 | $66.7M | $111.4M | ||
| Q4 24 | $61.4M | $87.3M | ||
| Q3 24 | $54.5M | $150.5M | ||
| Q2 24 | $40.3M | $160.1M | ||
| Q1 24 | $42.0M | $110.6M |
| Q4 25 | $117.8M | $-7.0M | ||
| Q3 25 | $4.8M | $8.1M | ||
| Q2 25 | $6.7M | $16.0M | ||
| Q1 25 | $1.2M | $-6.0M | ||
| Q4 24 | $2.5M | $-29.2M | ||
| Q3 24 | $4.9M | $5.9M | ||
| Q2 24 | $-2.5M | $13.3M | ||
| Q1 24 | $-1.6M | $-7.9M |
| Q4 25 | 30.7% | 28.0% | ||
| Q3 25 | 31.0% | 35.4% | ||
| Q2 25 | 33.8% | 37.1% | ||
| Q1 25 | 26.5% | 29.5% | ||
| Q4 24 | 26.6% | 24.6% | ||
| Q3 24 | 28.7% | 32.4% | ||
| Q2 24 | 30.3% | 33.1% | ||
| Q1 24 | 24.8% | 27.7% |
| Q4 25 | 4.5% | -10.7% | ||
| Q3 25 | 4.5% | 13.3% | ||
| Q2 25 | 7.8% | 14.3% | ||
| Q1 25 | 2.5% | -4.4% | ||
| Q4 24 | 2.1% | -14.9% | ||
| Q3 24 | -1.4% | 8.9% | ||
| Q2 24 | -8.2% | 12.5% | ||
| Q1 24 | -5.3% | -1.9% |
| Q4 25 | 158.1% | -7.0% | ||
| Q3 25 | 7.2% | 5.0% | ||
| Q2 25 | 9.3% | 9.3% | ||
| Q1 25 | 1.8% | -5.4% | ||
| Q4 24 | 4.0% | -33.4% | ||
| Q3 24 | 9.0% | 3.9% | ||
| Q2 24 | -6.3% | 8.3% | ||
| Q1 24 | -3.8% | -7.1% |
| Q4 25 | $2.62 | $-0.06 | ||
| Q3 25 | $0.11 | $0.07 | ||
| Q2 25 | $0.17 | $0.13 | ||
| Q1 25 | $0.04 | $-0.05 | ||
| Q4 24 | $0.06 | $-0.24 | ||
| Q3 24 | $0.13 | $0.05 | ||
| Q2 24 | $-0.07 | $0.11 | ||
| Q1 24 | $-0.03 | $-0.07 |
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 | — |
| Total DebtLower is stronger | — | $279.8M |
| Stockholders' EquityBook value | $536.8M | $405.9M |
| Total Assets | $719.5M | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $536.8M | $405.9M | ||
| Q3 25 | $342.2M | $408.4M | ||
| Q2 25 | $333.1M | $398.4M | ||
| Q1 25 | $197.1M | $381.1M | ||
| Q4 24 | $192.7M | $387.2M | ||
| Q3 24 | $187.0M | $416.6M | ||
| Q2 24 | $143.3M | $408.1M | ||
| Q1 24 | $144.6M | $391.8M |
| Q4 25 | $719.5M | $823.2M | ||
| Q3 25 | $445.6M | $844.4M | ||
| Q2 25 | $452.8M | $822.1M | ||
| Q1 25 | $310.5M | $824.6M | ||
| Q4 24 | $310.3M | $794.2M | ||
| Q3 24 | $298.4M | $853.4M | ||
| Q2 24 | $240.1M | $830.0M | ||
| Q1 24 | $232.8M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $2.4M | $14.1M |
| FCF MarginFCF / Revenue | 3.2% | 14.1% |
| Capex IntensityCapex / Revenue | 1.2% | 9.2% |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $23.3M | ||
| Q3 25 | $6.5M | $51.0M | ||
| Q2 25 | $4.1M | $36.0M | ||
| Q1 25 | $6.3M | $-46.9M | ||
| Q4 24 | $5.9M | $6.2M | ||
| Q3 24 | $12.7M | $37.2M | ||
| Q2 24 | $3.4M | $52.4M | ||
| Q1 24 | $2.2M | $-34.5M |
| Q4 25 | $2.4M | $14.1M | ||
| Q3 25 | $5.1M | $45.2M | ||
| Q2 25 | $3.3M | $29.1M | ||
| Q1 25 | $5.3M | $-50.3M | ||
| Q4 24 | $5.3M | $-98.0K | ||
| Q3 24 | $12.1M | $33.2M | ||
| Q2 24 | $3.1M | $47.9M | ||
| Q1 24 | $1.9M | $-39.9M |
| Q4 25 | 3.2% | 14.1% | ||
| Q3 25 | 7.7% | 27.9% | ||
| Q2 25 | 4.6% | 16.8% | ||
| Q1 25 | 7.9% | -45.2% | ||
| Q4 24 | 8.7% | -0.1% | ||
| Q3 24 | 22.3% | 22.1% | ||
| Q2 24 | 7.8% | 29.9% | ||
| Q1 24 | 4.6% | -36.0% |
| Q4 25 | 1.2% | 9.2% | ||
| Q3 25 | 2.1% | 3.6% | ||
| Q2 25 | 1.1% | 4.0% | ||
| Q1 25 | 1.6% | 3.1% | ||
| Q4 24 | 0.9% | 7.2% | ||
| Q3 24 | 1.1% | 2.7% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 0.7% | 4.8% |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | 6.29× | ||
| Q2 25 | 0.61× | 2.25× | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
