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Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
Terreno Realty Corp is the larger business by last-quarter revenue ($137.5M vs $74.5M, roughly 1.8× AMERICAN SUPERCONDUCTOR CORP). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 115.1%, a 43.0% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 21.4%). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 27.2%).
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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
AMSC vs TRNO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $137.5M |
| Net Profit | $117.8M | $158.2M |
| Gross Margin | 30.7% | — |
| Operating Margin | 4.5% | — |
| Net Margin | 158.1% | 115.1% |
| Revenue YoY | 21.4% | 32.6% |
| Net Profit YoY | 4679.1% | 107.9% |
| EPS (diluted) | $2.62 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $65.9M | $116.2M | ||
| Q2 25 | $72.4M | $112.2M | ||
| Q1 25 | $66.7M | $110.4M | ||
| Q4 24 | $61.4M | $103.7M | ||
| Q3 24 | $54.5M | $99.6M | ||
| Q2 24 | $40.3M | $94.2M | ||
| Q1 24 | $42.0M | $85.0M |
| Q4 25 | $117.8M | $158.2M | ||
| Q3 25 | $4.8M | $103.4M | ||
| Q2 25 | $6.7M | $93.3M | ||
| Q1 25 | $1.2M | $48.1M | ||
| Q4 24 | $2.5M | $76.1M | ||
| Q3 24 | $4.9M | $36.6M | ||
| Q2 24 | $-2.5M | $35.7M | ||
| Q1 24 | $-1.6M | $36.1M |
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 26.5% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 24.8% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | -8.2% | — | ||
| Q1 24 | -5.3% | — |
| Q4 25 | 158.1% | 115.1% | ||
| Q3 25 | 7.2% | 88.9% | ||
| Q2 25 | 9.3% | 83.1% | ||
| Q1 25 | 1.8% | 43.6% | ||
| Q4 24 | 4.0% | 73.4% | ||
| Q3 24 | 9.0% | 36.8% | ||
| Q2 24 | -6.3% | 37.9% | ||
| Q1 24 | -3.8% | 42.4% |
| Q4 25 | $2.62 | $1.54 | ||
| Q3 25 | $0.11 | $1.00 | ||
| Q2 25 | $0.17 | $0.90 | ||
| Q1 25 | $0.04 | $0.47 | ||
| Q4 24 | $0.06 | $0.78 | ||
| Q3 24 | $0.13 | $0.37 | ||
| Q2 24 | $-0.07 | $0.37 | ||
| Q1 24 | $-0.03 | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $536.8M | $4.1B |
| Total Assets | $719.5M | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $25.0M | ||
| Q3 25 | $212.9M | $26.2M | ||
| Q2 25 | $207.9M | $128.4M | ||
| Q1 25 | $79.5M | $156.5M | ||
| Q4 24 | $75.2M | $18.1M | ||
| Q3 24 | $72.1M | $243.7M | ||
| Q2 24 | $93.5M | $182.0M | ||
| Q1 24 | $90.5M | $649.6M |
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $536.8M | $4.1B | ||
| Q3 25 | $342.2M | $4.0B | ||
| Q2 25 | $333.1M | $3.9B | ||
| Q1 25 | $197.1M | $3.9B | ||
| Q4 24 | $192.7M | $3.7B | ||
| Q3 24 | $187.0M | $3.6B | ||
| Q2 24 | $143.3M | $3.4B | ||
| Q1 24 | $144.6M | $3.4B |
| Q4 25 | $719.5M | $5.4B | ||
| Q3 25 | $445.6M | $5.3B | ||
| Q2 25 | $452.8M | $5.0B | ||
| Q1 25 | $310.5M | $4.9B | ||
| Q4 24 | $310.3M | $4.8B | ||
| Q3 24 | $298.4M | $4.6B | ||
| Q2 24 | $240.1M | $4.5B | ||
| Q1 24 | $232.8M | $4.4B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $2.4M | — |
| FCF MarginFCF / Revenue | 3.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 0.03× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $271.9M | ||
| Q3 25 | $6.5M | $79.5M | ||
| Q2 25 | $4.1M | $60.6M | ||
| Q1 25 | $6.3M | $61.4M | ||
| Q4 24 | $5.9M | $232.7M | ||
| Q3 24 | $12.7M | $70.0M | ||
| Q2 24 | $3.4M | $64.3M | ||
| Q1 24 | $2.2M | $47.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.03× | 1.72× | ||
| Q3 25 | 1.37× | 0.77× | ||
| Q2 25 | 0.61× | 0.65× | ||
| Q1 25 | 5.22× | 1.28× | ||
| Q4 24 | 2.38× | 3.06× | ||
| Q3 24 | 2.60× | 1.91× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | 1.30× |
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% |
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
