vs

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

Turning Point Brands, Inc. is the larger business by last-quarter revenue ($121.0M vs $74.5M, roughly 1.6× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 6.8%, a 151.3% gap on every dollar of revenue. On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 21.4%). Turning Point Brands, Inc. produced more free cash flow last quarter ($21.5M vs $2.4M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 20.7%).

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.

Turning Point Australia (TPAUS) is a conservative lobby group based in Australia, affiliated with Turning Point USA but independent of it. Founded by Joel Jammal and first registered in 2023, the group has become active in trying to influence the outcome of the 2026 South Australian state election in March 2026.

AMSC vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.6× larger
TPB
$121.0M
$74.5M
AMSC
Growing faster (revenue YoY)
TPB
TPB
+7.8% gap
TPB
29.2%
21.4%
AMSC
Higher net margin
AMSC
AMSC
151.3% more per $
AMSC
158.1%
6.8%
TPB
More free cash flow
TPB
TPB
$19.2M more FCF
TPB
$21.5M
$2.4M
AMSC
Faster 2-yr revenue CAGR
AMSC
AMSC
Annualised
AMSC
33.2%
20.7%
TPB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AMSC
AMSC
TPB
TPB
Revenue
$74.5M
$121.0M
Net Profit
$117.8M
$8.2M
Gross Margin
30.7%
55.9%
Operating Margin
4.5%
16.5%
Net Margin
158.1%
6.8%
Revenue YoY
21.4%
29.2%
Net Profit YoY
4679.1%
239.8%
EPS (diluted)
$2.62
$0.40

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
TPB
TPB
Q4 25
$74.5M
$121.0M
Q3 25
$65.9M
$119.0M
Q2 25
$72.4M
$116.6M
Q1 25
$66.7M
$106.4M
Q4 24
$61.4M
$93.7M
Q3 24
$54.5M
$90.7M
Q2 24
$40.3M
$93.2M
Q1 24
$42.0M
$83.1M
Net Profit
AMSC
AMSC
TPB
TPB
Q4 25
$117.8M
$8.2M
Q3 25
$4.8M
$21.1M
Q2 25
$6.7M
$14.5M
Q1 25
$1.2M
$14.4M
Q4 24
$2.5M
$2.4M
Q3 24
$4.9M
$12.4M
Q2 24
$-2.5M
$13.0M
Q1 24
$-1.6M
$12.0M
Gross Margin
AMSC
AMSC
TPB
TPB
Q4 25
30.7%
55.9%
Q3 25
31.0%
59.2%
Q2 25
33.8%
57.1%
Q1 25
26.5%
56.0%
Q4 24
26.6%
56.0%
Q3 24
28.7%
55.6%
Q2 24
30.3%
54.1%
Q1 24
24.8%
58.2%
Operating Margin
AMSC
AMSC
TPB
TPB
Q4 25
4.5%
16.5%
Q3 25
4.5%
21.8%
Q2 25
7.8%
22.6%
Q1 25
2.5%
21.8%
Q4 24
2.1%
19.1%
Q3 24
-1.4%
22.9%
Q2 24
-8.2%
24.5%
Q1 24
-5.3%
23.2%
Net Margin
AMSC
AMSC
TPB
TPB
Q4 25
158.1%
6.8%
Q3 25
7.2%
17.7%
Q2 25
9.3%
12.4%
Q1 25
1.8%
13.5%
Q4 24
4.0%
2.6%
Q3 24
9.0%
13.6%
Q2 24
-6.3%
14.0%
Q1 24
-3.8%
14.5%
EPS (diluted)
AMSC
AMSC
TPB
TPB
Q4 25
$2.62
$0.40
Q3 25
$0.11
$1.13
Q2 25
$0.17
$0.79
Q1 25
$0.04
$0.79
Q4 24
$0.06
$0.15
Q3 24
$0.13
$0.68
Q2 24
$-0.07
$0.68
Q1 24
$-0.03
$0.63

Balance Sheet & Financial Strength

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

Metric
AMSC
AMSC
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$141.1M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$536.8M
$372.0M
Total Assets
$719.5M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMSC
AMSC
TPB
TPB
Q4 25
$141.1M
$222.8M
Q3 25
$212.9M
$201.2M
Q2 25
$207.9M
$109.9M
Q1 25
$79.5M
$99.6M
Q4 24
$75.2M
$48.9M
Q3 24
$72.1M
$33.6M
Q2 24
$93.5M
$142.2M
Q1 24
$90.5M
$130.9M
Stockholders' Equity
AMSC
AMSC
TPB
TPB
Q4 25
$536.8M
$372.0M
Q3 25
$342.2M
$358.2M
Q2 25
$333.1M
$224.8M
Q1 25
$197.1M
$203.4M
Q4 24
$192.7M
$190.4M
Q3 24
$187.0M
$185.7M
Q2 24
$143.3M
$172.8M
Q1 24
$144.6M
$160.0M
Total Assets
AMSC
AMSC
TPB
TPB
Q4 25
$719.5M
$763.8M
Q3 25
$445.6M
$742.8M
Q2 25
$452.8M
$595.8M
Q1 25
$310.5M
$564.6M
Q4 24
$310.3M
$493.4M
Q3 24
$298.4M
$488.0M
Q2 24
$240.1M
$591.6M
Q1 24
$232.8M
$586.3M

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
TPB
TPB
Operating Cash FlowLast quarter
$3.2M
$24.9M
Free Cash FlowOCF − Capex
$2.4M
$21.5M
FCF MarginFCF / Revenue
3.2%
17.8%
Capex IntensityCapex / Revenue
1.2%
2.8%
Cash ConversionOCF / Net Profit
0.03×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$16.0M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMSC
AMSC
TPB
TPB
Q4 25
$3.2M
$24.9M
Q3 25
$6.5M
$3.3M
Q2 25
$4.1M
$11.8M
Q1 25
$6.3M
$17.4M
Q4 24
$5.9M
$17.7M
Q3 24
$12.7M
$13.2M
Q2 24
$3.4M
$13.4M
Q1 24
$2.2M
$22.6M
Free Cash Flow
AMSC
AMSC
TPB
TPB
Q4 25
$2.4M
$21.5M
Q3 25
$5.1M
$-721.0K
Q2 25
$3.3M
$7.8M
Q1 25
$5.3M
$15.2M
Q4 24
$5.3M
$16.6M
Q3 24
$12.1M
$12.6M
Q2 24
$3.1M
$10.9M
Q1 24
$1.9M
$22.3M
FCF Margin
AMSC
AMSC
TPB
TPB
Q4 25
3.2%
17.8%
Q3 25
7.7%
-0.6%
Q2 25
4.6%
6.7%
Q1 25
7.9%
14.3%
Q4 24
8.7%
17.8%
Q3 24
22.3%
13.9%
Q2 24
7.8%
11.7%
Q1 24
4.6%
26.8%
Capex Intensity
AMSC
AMSC
TPB
TPB
Q4 25
1.2%
2.8%
Q3 25
2.1%
3.4%
Q2 25
1.1%
3.4%
Q1 25
1.6%
2.1%
Q4 24
0.9%
1.2%
Q3 24
1.1%
0.7%
Q2 24
0.7%
2.7%
Q1 24
0.7%
0.4%
Cash Conversion
AMSC
AMSC
TPB
TPB
Q4 25
0.03×
3.03×
Q3 25
1.37×
0.16×
Q2 25
0.61×
0.82×
Q1 25
5.22×
1.21×
Q4 24
2.38×
7.34×
Q3 24
2.60×
1.07×
Q2 24
1.03×
Q1 24
1.89×

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%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

Related Comparisons