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Side-by-side financial comparison of AEMETIS, INC (AMTX) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $43.3M, roughly 1.8× AEMETIS, INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -7.9%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-10.8M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% 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.

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

AMTX vs HSTM — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.8× larger
HSTM
$79.7M
$43.3M
AMTX
Growing faster (revenue YoY)
HSTM
HSTM
+15.2% gap
HSTM
7.4%
-7.9%
AMTX
More free cash flow
HSTM
HSTM
$23.8M more FCF
HSTM
$13.0M
$-10.8M
AMTX
Faster 2-yr revenue CAGR
HSTM
HSTM
Annualised
HSTM
4.7%
-22.8%
AMTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMTX
AMTX
HSTM
HSTM
Revenue
$43.3M
$79.7M
Net Profit
Gross Margin
17.8%
Operating Margin
-5.7%
3.0%
Net Margin
Revenue YoY
-7.9%
7.4%
Net Profit YoY
EPS (diluted)
$-0.03
$0.09

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
HSTM
HSTM
Q4 25
$43.3M
$79.7M
Q3 25
$59.2M
$76.5M
Q2 25
$52.2M
$74.4M
Q1 25
$42.9M
$73.5M
Q4 24
$47.0M
$74.2M
Q3 24
$81.4M
$73.1M
Q2 24
$66.6M
$71.6M
Q1 24
$72.6M
$72.8M
Net Profit
AMTX
AMTX
HSTM
HSTM
Q4 25
Q3 25
$-23.7M
$6.1M
Q2 25
$-23.4M
$5.4M
Q1 25
$-24.5M
$4.3M
Q4 24
Q3 24
$-17.9M
$5.7M
Q2 24
$-29.2M
$4.2M
Q1 24
$-24.2M
$5.2M
Gross Margin
AMTX
AMTX
HSTM
HSTM
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
HSTM
HSTM
Q4 25
-5.7%
3.0%
Q3 25
-14.4%
9.9%
Q2 25
-20.4%
7.9%
Q1 25
-36.3%
6.0%
Q4 24
-28.7%
6.3%
Q3 24
-4.8%
8.9%
Q2 24
-20.4%
6.2%
Q1 24
-13.0%
7.8%
Net Margin
AMTX
AMTX
HSTM
HSTM
Q4 25
Q3 25
-40.1%
8.0%
Q2 25
-44.8%
7.2%
Q1 25
-57.2%
5.9%
Q4 24
Q3 24
-22.0%
7.8%
Q2 24
-43.8%
5.8%
Q1 24
-33.4%
7.2%
EPS (diluted)
AMTX
AMTX
HSTM
HSTM
Q4 25
$-0.03
$0.09
Q3 25
$-0.37
$0.20
Q2 25
$-0.41
$0.18
Q1 25
$-0.47
$0.14
Q4 24
$-0.29
$0.16
Q3 24
$-0.38
$0.19
Q2 24
$-0.66
$0.14
Q1 24
$-0.58
$0.17

Balance Sheet & Financial Strength

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

Metric
AMTX
AMTX
HSTM
HSTM
Cash + ST InvestmentsLiquidity on hand
$4.9M
$36.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-306.8M
$354.0M
Total Assets
$259.8M
$520.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTX
AMTX
HSTM
HSTM
Q4 25
$4.9M
$36.2M
Q3 25
$5.6M
$53.5M
Q2 25
$1.6M
$52.1M
Q1 25
$499.0K
$77.3M
Q4 24
$898.0K
$59.5M
Q3 24
$296.0K
$57.5M
Q2 24
$234.0K
$46.1M
Q1 24
$1.6M
$52.4M
Total Debt
AMTX
AMTX
HSTM
HSTM
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
HSTM
HSTM
Q4 25
$-306.8M
$354.0M
Q3 25
$-304.9M
$349.2M
Q2 25
$-289.3M
$350.6M
Q1 25
$-280.7M
$362.8M
Q4 24
$-263.9M
$359.4M
Q3 24
$-258.9M
$355.5M
Q2 24
$-249.0M
$349.2M
Q1 24
$-232.1M
$344.9M
Total Assets
AMTX
AMTX
HSTM
HSTM
Q4 25
$259.8M
$520.4M
Q3 25
$241.1M
$499.9M
Q2 25
$240.0M
$500.1M
Q1 25
$242.5M
$524.0M
Q4 24
$259.3M
$510.8M
Q3 24
$259.3M
$502.8M
Q2 24
$259.3M
$499.6M
Q1 24
$259.3M
$511.6M

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
HSTM
HSTM
Operating Cash FlowLast quarter
$5.8M
$13.2M
Free Cash FlowOCF − Capex
$-10.8M
$13.0M
FCF MarginFCF / Revenue
-24.9%
16.3%
Capex IntensityCapex / Revenue
38.2%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.7M
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTX
AMTX
HSTM
HSTM
Q4 25
$5.8M
$13.2M
Q3 25
$3.1M
$18.0M
Q2 25
$-5.7M
$5.0M
Q1 25
$160.0K
$27.1M
Q4 24
$-12.6M
$11.2M
Q3 24
$-5.0M
$19.1M
Q2 24
$-5.1M
$6.5M
Q1 24
$-10.3M
$20.9M
Free Cash Flow
AMTX
AMTX
HSTM
HSTM
Q4 25
$-10.8M
$13.0M
Q3 25
$-1.0M
$17.9M
Q2 25
$-9.3M
$2.7M
Q1 25
$-1.7M
$26.0M
Q4 24
$-19.4M
$11.0M
Q3 24
$-9.5M
$18.8M
Q2 24
$-10.5M
$6.3M
Q1 24
$-13.9M
$20.2M
FCF Margin
AMTX
AMTX
HSTM
HSTM
Q4 25
-24.9%
16.3%
Q3 25
-1.7%
23.4%
Q2 25
-17.7%
3.6%
Q1 25
-3.9%
35.4%
Q4 24
-41.2%
14.8%
Q3 24
-11.6%
25.8%
Q2 24
-15.8%
8.8%
Q1 24
-19.1%
27.8%
Capex Intensity
AMTX
AMTX
HSTM
HSTM
Q4 25
38.2%
0.3%
Q3 25
6.9%
0.1%
Q2 25
6.7%
3.1%
Q1 25
4.3%
1.4%
Q4 24
14.4%
0.3%
Q3 24
5.5%
0.4%
Q2 24
8.1%
0.2%
Q1 24
4.9%
1.0%
Cash Conversion
AMTX
AMTX
HSTM
HSTM
Q4 25
Q3 25
2.96×
Q2 25
0.93×
Q1 25
6.25×
Q4 24
Q3 24
3.34×
Q2 24
1.55×
Q1 24
4.01×

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%

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

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