vs
Side-by-side financial comparison of AEMETIS, INC (AMTX) and FutureFuel Corp. (FF). Click either name above to swap in a different company.
AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $19.8M, roughly 2.2× FutureFuel Corp.). On growth, AEMETIS, INC posted the faster year-over-year revenue change (-7.9% vs -67.7%). AEMETIS, INC produced more free cash flow last quarter ($-10.8M vs $-29.9M). Over the past eight quarters, AEMETIS, INC's revenue compounded faster (-22.8% CAGR vs -41.7%).
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.
FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.
AMTX vs FF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $19.8M |
| Net Profit | — | $-12.0M |
| Gross Margin | 17.8% | -46.7% |
| Operating Margin | -5.7% | -62.9% |
| Net Margin | — | -60.5% |
| Revenue YoY | -7.9% | -67.7% |
| Net Profit YoY | — | -529.4% |
| EPS (diluted) | $-0.03 | $-0.28 |
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 | $43.3M | $19.8M | ||
| Q3 25 | $59.2M | $22.7M | ||
| Q2 25 | $52.2M | $35.7M | ||
| Q1 25 | $42.9M | $17.5M | ||
| Q4 24 | $47.0M | $61.5M | ||
| Q3 24 | $81.4M | $51.1M | ||
| Q2 24 | $66.6M | $72.4M | ||
| Q1 24 | $72.6M | $58.3M |
| Q4 25 | — | $-12.0M | ||
| Q3 25 | $-23.7M | $-9.3M | ||
| Q2 25 | $-23.4M | $-10.4M | ||
| Q1 25 | $-24.5M | $-17.6M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $-17.9M | $-1.2M | ||
| Q2 24 | $-29.2M | $9.6M | ||
| Q1 24 | $-24.2M | $4.3M |
| Q4 25 | 17.8% | -46.7% | ||
| Q3 25 | -0.1% | -30.1% | ||
| Q2 25 | -6.4% | -24.6% | ||
| Q1 25 | -11.8% | -83.0% | ||
| Q4 24 | -4.3% | 9.1% | ||
| Q3 24 | 4.8% | 0.7% | ||
| Q2 24 | -2.7% | 12.0% | ||
| Q1 24 | -0.8% | 8.6% |
| Q4 25 | -5.7% | -62.9% | ||
| Q3 25 | -14.4% | -42.9% | ||
| Q2 25 | -20.4% | -33.4% | ||
| Q1 25 | -36.3% | -107.4% | ||
| Q4 24 | -28.7% | 2.6% | ||
| Q3 24 | -4.8% | -5.6% | ||
| Q2 24 | -20.4% | 7.5% | ||
| Q1 24 | -13.0% | 3.8% |
| Q4 25 | — | -60.5% | ||
| Q3 25 | -40.1% | -41.1% | ||
| Q2 25 | -44.8% | -29.2% | ||
| Q1 25 | -57.2% | -100.6% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | -22.0% | -2.3% | ||
| Q2 24 | -43.8% | 13.2% | ||
| Q1 24 | -33.4% | 7.4% |
| Q4 25 | $-0.03 | $-0.28 | ||
| Q3 25 | $-0.37 | $-0.21 | ||
| Q2 25 | $-0.41 | $-0.24 | ||
| Q1 25 | $-0.47 | $-0.40 | ||
| Q4 24 | $-0.29 | $0.06 | ||
| Q3 24 | $-0.38 | $-0.03 | ||
| Q2 24 | $-0.66 | $0.22 | ||
| Q1 24 | $-0.58 | $0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $51.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $154.7M |
| Total Assets | $259.8M | $192.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $51.3M | ||
| Q3 25 | $5.6M | $85.6M | ||
| Q2 25 | $1.6M | $95.2M | ||
| Q1 25 | $499.0K | $97.1M | ||
| Q4 24 | $898.0K | $109.5M | ||
| Q3 24 | $296.0K | $133.4M | ||
| Q2 24 | $234.0K | $115.1M | ||
| Q1 24 | $1.6M | $201.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — | ||
| Q1 24 | $307.2M | — |
| Q4 25 | $-306.8M | $154.7M | ||
| Q3 25 | $-304.9M | $169.1M | ||
| Q2 25 | $-289.3M | $178.2M | ||
| Q1 25 | $-280.7M | $188.4M | ||
| Q4 24 | $-263.9M | $205.8M | ||
| Q3 24 | $-258.9M | $213.3M | ||
| Q2 24 | $-249.0M | $214.4M | ||
| Q1 24 | $-232.1M | $204.8M |
| Q4 25 | $259.8M | $192.2M | ||
| Q3 25 | $241.1M | $203.5M | ||
| Q2 25 | $240.0M | $218.2M | ||
| Q1 25 | $242.5M | $227.7M | ||
| Q4 24 | $259.3M | $247.7M | ||
| Q3 24 | $259.3M | $256.5M | ||
| Q2 24 | $259.3M | $261.2M | ||
| Q1 24 | $259.3M | $365.4M |
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 | $5.8M | $-27.4M |
| Free Cash FlowOCF − Capex | $-10.8M | $-29.9M |
| FCF MarginFCF / Revenue | -24.9% | -150.5% |
| Capex IntensityCapex / Revenue | 38.2% | 12.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $-46.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $-27.4M | ||
| Q3 25 | $3.1M | $-1.1M | ||
| Q2 25 | $-5.7M | $5.2M | ||
| Q1 25 | $160.0K | $-5.4M | ||
| Q4 24 | $-12.6M | $-16.6M | ||
| Q3 24 | $-5.0M | $25.8M | ||
| Q2 24 | $-5.1M | $27.8M | ||
| Q1 24 | $-10.3M | $-12.2M |
| Q4 25 | $-10.8M | $-29.9M | ||
| Q3 25 | $-1.0M | $-6.5M | ||
| Q2 25 | $-9.3M | $-263.0K | ||
| Q1 25 | $-1.7M | $-9.4M | ||
| Q4 24 | $-19.4M | $-20.7M | ||
| Q3 24 | $-9.5M | $20.5M | ||
| Q2 24 | $-10.5M | $24.8M | ||
| Q1 24 | $-13.9M | $-14.5M |
| Q4 25 | -24.9% | -150.5% | ||
| Q3 25 | -1.7% | -28.5% | ||
| Q2 25 | -17.7% | -0.7% | ||
| Q1 25 | -3.9% | -53.6% | ||
| Q4 24 | -41.2% | -33.6% | ||
| Q3 24 | -11.6% | 40.1% | ||
| Q2 24 | -15.8% | 34.3% | ||
| Q1 24 | -19.1% | -24.9% |
| Q4 25 | 38.2% | 12.2% | ||
| Q3 25 | 6.9% | 23.5% | ||
| Q2 25 | 6.7% | 15.3% | ||
| Q1 25 | 4.3% | 22.8% | ||
| Q4 24 | 14.4% | 6.6% | ||
| Q3 24 | 5.5% | 10.4% | ||
| Q2 24 | 8.1% | 4.1% | ||
| Q1 24 | 4.9% | 3.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.94× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | -2.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
