vs
Side-by-side financial comparison of AMERICAN SUPERCONDUCTOR CORP (AMSC) and Vanda Pharmaceuticals Inc. (VNDA). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $57.2M, roughly 1.3× Vanda Pharmaceuticals Inc.). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs -246.8%, a 404.8% gap on every dollar of revenue. On growth, AMERICAN SUPERCONDUCTOR CORP posted the faster year-over-year revenue change (21.4% vs 7.6%). AMERICAN SUPERCONDUCTOR CORP produced more free cash flow last quarter ($2.4M vs $-29.5M). Over the past eight quarters, AMERICAN SUPERCONDUCTOR CORP's revenue compounded faster (33.2% CAGR vs 9.8%).
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.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
AMSC vs VNDA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $74.5M | $57.2M |
| Net Profit | $117.8M | $-141.2M |
| Gross Margin | 30.7% | — |
| Operating Margin | 4.5% | -70.5% |
| Net Margin | 158.1% | -246.8% |
| Revenue YoY | 21.4% | 7.6% |
| Net Profit YoY | 4679.1% | -2774.3% |
| EPS (diluted) | $2.62 | $-2.40 |
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.
| Q4 25 | $74.5M | $57.2M | ||
| Q3 25 | $65.9M | $56.3M | ||
| Q2 25 | $72.4M | $52.6M | ||
| Q1 25 | $66.7M | $50.0M | ||
| Q4 24 | $61.4M | $53.2M | ||
| Q3 24 | $54.5M | $47.7M | ||
| Q2 24 | $40.3M | $50.5M | ||
| Q1 24 | $42.0M | $47.5M |
| Q4 25 | $117.8M | $-141.2M | ||
| Q3 25 | $4.8M | $-22.6M | ||
| Q2 25 | $6.7M | $-27.2M | ||
| Q1 25 | $1.2M | $-29.5M | ||
| Q4 24 | $2.5M | $-4.9M | ||
| Q3 24 | $4.9M | $-5.3M | ||
| Q2 24 | $-2.5M | $-4.5M | ||
| Q1 24 | $-1.6M | $-4.1M |
| 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% | -70.5% | ||
| Q3 25 | 4.5% | -55.6% | ||
| Q2 25 | 7.8% | -73.2% | ||
| Q1 25 | 2.5% | -82.0% | ||
| Q4 24 | 2.1% | -19.3% | ||
| Q3 24 | -1.4% | -23.1% | ||
| Q2 24 | -8.2% | -20.1% | ||
| Q1 24 | -5.3% | -19.5% |
| Q4 25 | 158.1% | -246.8% | ||
| Q3 25 | 7.2% | -40.1% | ||
| Q2 25 | 9.3% | -51.7% | ||
| Q1 25 | 1.8% | -58.9% | ||
| Q4 24 | 4.0% | -9.2% | ||
| Q3 24 | 9.0% | -11.2% | ||
| Q2 24 | -6.3% | -9.0% | ||
| Q1 24 | -3.8% | -8.7% |
| Q4 25 | $2.62 | $-2.40 | ||
| Q3 25 | $0.11 | $-0.38 | ||
| Q2 25 | $0.17 | $-0.46 | ||
| Q1 25 | $0.04 | $-0.50 | ||
| Q4 24 | $0.06 | $-0.09 | ||
| Q3 24 | $0.13 | $-0.09 | ||
| Q2 24 | $-0.07 | $-0.08 | ||
| 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 | $84.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $536.8M | $327.2M |
| Total Assets | $719.5M | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $84.9M | ||
| Q3 25 | $212.9M | $70.0M | ||
| Q2 25 | $207.9M | $81.0M | ||
| Q1 25 | $79.5M | $111.8M | ||
| Q4 24 | $75.2M | $102.3M | ||
| Q3 24 | $72.1M | $100.5M | ||
| Q2 24 | $93.5M | $103.0M | ||
| Q1 24 | $90.5M | $125.2M |
| Q4 25 | $536.8M | $327.2M | ||
| Q3 25 | $342.2M | $466.0M | ||
| Q2 25 | $333.1M | $486.3M | ||
| Q1 25 | $197.1M | $511.4M | ||
| Q4 24 | $192.7M | $538.5M | ||
| Q3 24 | $187.0M | $541.2M | ||
| Q2 24 | $143.3M | $542.5M | ||
| Q1 24 | $144.6M | $544.0M |
| Q4 25 | $719.5M | $488.9M | ||
| Q3 25 | $445.6M | $601.1M | ||
| Q2 25 | $452.8M | $624.7M | ||
| Q1 25 | $310.5M | $631.9M | ||
| Q4 24 | $310.3M | $656.2M | ||
| Q3 24 | $298.4M | $645.1M | ||
| Q2 24 | $240.1M | $651.4M | ||
| Q1 24 | $232.8M | $652.7M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | $2.4M | $-29.5M |
| FCF MarginFCF / Revenue | 3.2% | -51.6% |
| Capex IntensityCapex / Revenue | 1.2% | 0.2% |
| Cash ConversionOCF / Net Profit | 0.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.0M | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $-29.4M | ||
| Q3 25 | $6.5M | $-31.6M | ||
| Q2 25 | $4.1M | $-15.3M | ||
| Q1 25 | $6.3M | $-33.1M | ||
| Q4 24 | $5.9M | $-1.8M | ||
| Q3 24 | $12.7M | $-14.6M | ||
| Q2 24 | $3.4M | $-6.9M | ||
| Q1 24 | $2.2M | $7.6M |
| Q4 25 | $2.4M | $-29.5M | ||
| Q3 25 | $5.1M | $-31.8M | ||
| Q2 25 | $3.3M | $-15.6M | ||
| Q1 25 | $5.3M | $-33.6M | ||
| Q4 24 | $5.3M | $-2.0M | ||
| Q3 24 | $12.1M | $-14.7M | ||
| Q2 24 | $3.1M | $-7.0M | ||
| Q1 24 | $1.9M | $7.6M |
| Q4 25 | 3.2% | -51.6% | ||
| Q3 25 | 7.7% | -56.5% | ||
| Q2 25 | 4.6% | -29.6% | ||
| Q1 25 | 7.9% | -67.1% | ||
| Q4 24 | 8.7% | -3.8% | ||
| Q3 24 | 22.3% | -30.9% | ||
| Q2 24 | 7.8% | -13.9% | ||
| Q1 24 | 4.6% | 15.9% |
| Q4 25 | 1.2% | 0.2% | ||
| Q3 25 | 2.1% | 0.3% | ||
| Q2 25 | 1.1% | 0.6% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 0.9% | 0.4% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 0.7% | 0.2% | ||
| Q1 24 | 0.7% | 0.0% |
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| 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% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
