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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $73.5M, roughly 1.0× Target Hospitality Corp.). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -20.3%, a 178.4% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 21.4%). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AMSC vs TH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $73.5M |
| Net Profit | $117.8M | $-14.9M |
| Gross Margin | 30.7% | 9.6% |
| Operating Margin | 4.5% | -22.9% |
| Net Margin | 158.1% | -20.3% |
| Revenue YoY | 21.4% | 22.0% |
| Net Profit YoY | 4679.1% | -219.1% |
| EPS (diluted) | $2.62 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $65.9M | $91.6M | ||
| Q2 25 | $72.4M | $54.9M | ||
| Q1 25 | $66.7M | $54.9M | ||
| Q4 24 | $61.4M | $60.2M | ||
| Q3 24 | $54.5M | $65.8M | ||
| Q2 24 | $40.3M | $67.5M | ||
| Q1 24 | $42.0M | $72.4M |
| Q4 25 | $117.8M | $-14.9M | ||
| Q3 25 | $4.8M | $-795.0K | ||
| Q2 25 | $6.7M | $-14.9M | ||
| Q1 25 | $1.2M | $-6.5M | ||
| Q4 24 | $2.5M | $12.5M | ||
| Q3 24 | $4.9M | $20.0M | ||
| Q2 24 | $-2.5M | $18.4M | ||
| Q1 24 | $-1.6M | $20.4M |
| Q4 25 | 30.7% | 9.6% | ||
| Q3 25 | 31.0% | 19.6% | ||
| Q2 25 | 33.8% | -0.6% | ||
| Q1 25 | 26.5% | 32.7% | ||
| Q4 24 | 26.6% | 61.5% | ||
| Q3 24 | 28.7% | 68.7% | ||
| Q2 24 | 30.3% | 69.4% | ||
| Q1 24 | 24.8% | 67.8% |
| Q4 25 | 4.5% | -22.9% | ||
| Q3 25 | 4.5% | 0.1% | ||
| Q2 25 | 7.8% | -30.8% | ||
| Q1 25 | 2.5% | -2.0% | ||
| Q4 24 | 2.1% | 34.5% | ||
| Q3 24 | -1.4% | 42.5% | ||
| Q2 24 | -8.2% | 43.8% | ||
| Q1 24 | -5.3% | 42.0% |
| Q4 25 | 158.1% | -20.3% | ||
| Q3 25 | 7.2% | -0.9% | ||
| Q2 25 | 9.3% | -27.2% | ||
| Q1 25 | 1.8% | -11.8% | ||
| Q4 24 | 4.0% | 20.8% | ||
| Q3 24 | 9.0% | 30.4% | ||
| Q2 24 | -6.3% | 27.2% | ||
| Q1 24 | -3.8% | 28.2% |
| Q4 25 | $2.62 | $-0.14 | ||
| Q3 25 | $0.11 | $-0.01 | ||
| Q2 25 | $0.17 | $-0.15 | ||
| Q1 25 | $0.04 | $-0.07 | ||
| Q4 24 | $0.06 | $0.12 | ||
| Q3 24 | $0.13 | $0.20 | ||
| Q2 24 | $-0.07 | $0.18 | ||
| Q1 24 | $-0.03 | $0.20 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $536.8M | $389.3M |
| Total Assets | $719.5M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $8.3M | ||
| Q3 25 | $212.9M | $30.4M | ||
| Q2 25 | $207.9M | $19.2M | ||
| Q1 25 | $79.5M | $34.5M | ||
| Q4 24 | $75.2M | $190.7M | ||
| Q3 24 | $72.1M | $177.7M | ||
| Q2 24 | $93.5M | $154.3M | ||
| Q1 24 | $90.5M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $536.8M | $389.3M | ||
| Q3 25 | $342.2M | $402.4M | ||
| Q2 25 | $333.1M | $401.3M | ||
| Q1 25 | $197.1M | $415.3M | ||
| Q4 24 | $192.7M | $421.1M | ||
| Q3 24 | $187.0M | $417.6M | ||
| Q2 24 | $143.3M | $397.2M | ||
| Q1 24 | $144.6M | $375.5M |
| Q4 25 | $719.5M | $530.2M | ||
| Q3 25 | $445.6M | $541.2M | ||
| Q2 25 | $452.8M | $533.7M | ||
| Q1 25 | $310.5M | $562.5M | ||
| Q4 24 | $310.3M | $725.8M | ||
| Q3 24 | $298.4M | $709.8M | ||
| Q2 24 | $240.1M | $697.0M | ||
| Q1 24 | $232.8M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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.
| Q4 25 | $3.2M | $5.7M | ||
| Q3 25 | $6.5M | $53.4M | ||
| Q2 25 | $4.1M | $11.1M | ||
| Q1 25 | $6.3M | $3.9M | ||
| Q4 24 | $5.9M | $30.6M | ||
| Q3 24 | $12.7M | $31.4M | ||
| Q2 24 | $3.4M | $39.1M | ||
| Q1 24 | $2.2M | $50.6M |
| Q4 25 | $2.4M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $3.3M | — | ||
| Q1 25 | $5.3M | $-11.6M | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $12.1M | — | ||
| Q2 24 | $3.1M | — | ||
| Q1 24 | $1.9M | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 7.9% | -21.1% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 4.6% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.6% | 28.2% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | 2.44× | ||
| Q3 24 | 2.60× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
