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Side-by-side financial comparison of AEMETIS, INC (AMTX) and DIAMOND HILL INVESTMENT GROUP INC (DHIL). Click either name above to swap in a different company.

AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $36.6M, roughly 1.2× DIAMOND HILL INVESTMENT GROUP INC). On growth, DIAMOND HILL INVESTMENT GROUP INC posted the faster year-over-year revenue change (-6.6% vs -7.9%). DIAMOND HILL INVESTMENT GROUP INC produced more free cash flow last quarter ($-9.1M vs $-10.8M). Over the past eight quarters, DIAMOND HILL INVESTMENT GROUP INC's revenue compounded faster (0.4% CAGR vs -22.8%).

Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.

Diamond Baseball Holdings (DBH) is an American sports ownership and management group that operates over 40 Minor League Baseball (MiLB) teams in the United States and Canada. DBH was established in 2021 by media conglomerate Endeavor and is a subsidiary of the investment firm Silver Lake.

AMTX vs DHIL — Head-to-Head

Bigger by revenue
AMTX
AMTX
1.2× larger
AMTX
$43.3M
$36.6M
DHIL
Growing faster (revenue YoY)
DHIL
DHIL
+1.3% gap
DHIL
-6.6%
-7.9%
AMTX
More free cash flow
DHIL
DHIL
$1.7M more FCF
DHIL
$-9.1M
$-10.8M
AMTX
Faster 2-yr revenue CAGR
DHIL
DHIL
Annualised
DHIL
0.4%
-22.8%
AMTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMTX
AMTX
DHIL
DHIL
Revenue
$43.3M
$36.6M
Net Profit
$9.3M
Gross Margin
17.8%
Operating Margin
-5.7%
16.9%
Net Margin
25.3%
Revenue YoY
-7.9%
-6.6%
Net Profit YoY
25.3%
EPS (diluted)
$-0.03
$3.42

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
AMTX
AMTX
DHIL
DHIL
Q4 25
$43.3M
$36.6M
Q3 25
$59.2M
$37.4M
Q2 25
$52.2M
$36.0M
Q1 25
$42.9M
$37.1M
Q4 24
$47.0M
$39.1M
Q3 24
$81.4M
$39.0M
Q2 24
$66.6M
$36.7M
Q1 24
$72.6M
$36.3M
Net Profit
AMTX
AMTX
DHIL
DHIL
Q4 25
$9.3M
Q3 25
$-23.7M
$13.6M
Q2 25
$-23.4M
$15.6M
Q1 25
$-24.5M
$10.4M
Q4 24
$7.4M
Q3 24
$-17.9M
$14.6M
Q2 24
$-29.2M
$8.1M
Q1 24
$-24.2M
$13.0M
Gross Margin
AMTX
AMTX
DHIL
DHIL
Q4 25
17.8%
Q3 25
-0.1%
Q2 25
-6.4%
Q1 25
-11.8%
Q4 24
-4.3%
Q3 24
4.8%
Q2 24
-2.7%
Q1 24
-0.8%
Operating Margin
AMTX
AMTX
DHIL
DHIL
Q4 25
-5.7%
16.9%
Q3 25
-14.4%
26.0%
Q2 25
-20.4%
21.6%
Q1 25
-36.3%
35.2%
Q4 24
-28.7%
33.8%
Q3 24
-4.8%
26.2%
Q2 24
-20.4%
33.1%
Q1 24
-13.0%
22.9%
Net Margin
AMTX
AMTX
DHIL
DHIL
Q4 25
25.3%
Q3 25
-40.1%
36.2%
Q2 25
-44.8%
43.2%
Q1 25
-57.2%
27.9%
Q4 24
18.9%
Q3 24
-22.0%
37.5%
Q2 24
-43.8%
22.2%
Q1 24
-33.4%
35.9%
EPS (diluted)
AMTX
AMTX
DHIL
DHIL
Q4 25
$-0.03
$3.42
Q3 25
$-0.37
$4.99
Q2 25
$-0.41
$5.73
Q1 25
$-0.47
$3.77
Q4 24
$-0.29
$2.76
Q3 24
$-0.38
$5.35
Q2 24
$-0.66
$2.93
Q1 24
$-0.58
$4.62

Balance Sheet & Financial Strength

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

Metric
AMTX
AMTX
DHIL
DHIL
Cash + ST InvestmentsLiquidity on hand
$4.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-306.8M
$176.4M
Total Assets
$259.8M
$260.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTX
AMTX
DHIL
DHIL
Q4 25
$4.9M
Q3 25
$5.6M
Q2 25
$1.6M
Q1 25
$499.0K
Q4 24
$898.0K
$41.6M
Q3 24
$296.0K
Q2 24
$234.0K
Q1 24
$1.6M
Total Debt
AMTX
AMTX
DHIL
DHIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$338.1M
Q3 24
$322.2M
Q2 24
$309.0M
Q1 24
$307.2M
Stockholders' Equity
AMTX
AMTX
DHIL
DHIL
Q4 25
$-306.8M
$176.4M
Q3 25
$-304.9M
$180.9M
Q2 25
$-289.3M
$171.6M
Q1 25
$-280.7M
$168.6M
Q4 24
$-263.9M
$162.3M
Q3 24
$-258.9M
$166.5M
Q2 24
$-249.0M
$156.5M
Q1 24
$-232.1M
$158.3M
Total Assets
AMTX
AMTX
DHIL
DHIL
Q4 25
$259.8M
$260.4M
Q3 25
$241.1M
$256.3M
Q2 25
$240.0M
$261.0M
Q1 25
$242.5M
$224.4M
Q4 24
$259.3M
$245.1M
Q3 24
$259.3M
$240.8M
Q2 24
$259.3M
$213.1M
Q1 24
$259.3M
$209.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMTX
AMTX
DHIL
DHIL
Operating Cash FlowLast quarter
$5.8M
$-6.6M
Free Cash FlowOCF − Capex
$-10.8M
$-9.1M
FCF MarginFCF / Revenue
-24.9%
-24.8%
Capex IntensityCapex / Revenue
38.2%
6.7%
Cash ConversionOCF / Net Profit
-0.71×
TTM Free Cash FlowTrailing 4 quarters
$-22.7M
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTX
AMTX
DHIL
DHIL
Q4 25
$5.8M
$-6.6M
Q3 25
$3.1M
$-7.7M
Q2 25
$-5.7M
$-5.0M
Q1 25
$160.0K
$-10.7M
Q4 24
$-12.6M
$16.6M
Q3 24
$-5.0M
$18.5M
Q2 24
$-5.1M
$19.2M
Q1 24
$-10.3M
$-12.3M
Free Cash Flow
AMTX
AMTX
DHIL
DHIL
Q4 25
$-10.8M
$-9.1M
Q3 25
$-1.0M
$-8.3M
Q2 25
$-9.3M
$-5.7M
Q1 25
$-1.7M
$-11.3M
Q4 24
$-19.4M
$15.2M
Q3 24
$-9.5M
$18.3M
Q2 24
$-10.5M
$19.2M
Q1 24
$-13.9M
$-12.4M
FCF Margin
AMTX
AMTX
DHIL
DHIL
Q4 25
-24.9%
-24.8%
Q3 25
-1.7%
-22.2%
Q2 25
-17.7%
-15.8%
Q1 25
-3.9%
-30.4%
Q4 24
-41.2%
38.9%
Q3 24
-11.6%
46.8%
Q2 24
-15.8%
52.4%
Q1 24
-19.1%
-34.2%
Capex Intensity
AMTX
AMTX
DHIL
DHIL
Q4 25
38.2%
6.7%
Q3 25
6.9%
1.6%
Q2 25
6.7%
2.0%
Q1 25
4.3%
1.5%
Q4 24
14.4%
3.5%
Q3 24
5.5%
0.7%
Q2 24
8.1%
0.0%
Q1 24
4.9%
0.4%
Cash Conversion
AMTX
AMTX
DHIL
DHIL
Q4 25
-0.71×
Q3 25
-0.57×
Q2 25
-0.32×
Q1 25
-1.04×
Q4 24
2.25×
Q3 24
1.26×
Q2 24
2.36×
Q1 24
-0.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMTX
AMTX

Ethanol Sales$28.8M66%
Wet Distillers Grains$6.8M16%
California Dairy Renewable Natural Gas$5.2M12%
Other$1.8M4%

DHIL
DHIL

Proprietary Funds$26.0M71%
Separately Managed Accounts$5.0M14%
Other Pooled Vehicles$2.8M8%
Administration Revenuenetofrelatedexpense$1.7M5%
Collective Investment Trusts$1.4M4%

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