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Side-by-side financial comparison of AEMETIS, INC (AMTX) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $43.3M, roughly 1.7× AEMETIS, INC). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -7.9%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-10.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.
AMTX vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $75.2M |
| Net Profit | — | — |
| Gross Margin | 17.8% | 37.7% |
| Operating Margin | -5.7% | 16.7% |
| Net Margin | — | — |
| Revenue YoY | -7.9% | 30.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.03 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $59.2M | $68.8M | ||
| Q2 25 | $52.2M | $68.2M | ||
| Q1 25 | $42.9M | $64.8M | ||
| Q4 24 | $47.0M | $57.5M | ||
| Q3 24 | $81.4M | $44.2M | ||
| Q2 24 | $66.6M | $66.8M | ||
| Q1 24 | $72.6M | $49.0M |
| Q4 25 | — | — | ||
| Q3 25 | $-23.7M | $5.7M | ||
| Q2 25 | $-23.4M | $8.7M | ||
| Q1 25 | $-24.5M | $10.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.9M | $-174.3M | ||
| Q2 24 | $-29.2M | $8.0M | ||
| Q1 24 | $-24.2M | $7.3M |
| Q4 25 | 17.8% | 37.7% | ||
| Q3 25 | -0.1% | 31.9% | ||
| Q2 25 | -6.4% | 36.9% | ||
| Q1 25 | -11.8% | 39.0% | ||
| Q4 24 | -4.3% | 39.2% | ||
| Q3 24 | 4.8% | 27.5% | ||
| Q2 24 | -2.7% | 37.2% | ||
| Q1 24 | -0.8% | 36.0% |
| Q4 25 | -5.7% | 16.7% | ||
| Q3 25 | -14.4% | 13.2% | ||
| Q2 25 | -20.4% | 17.0% | ||
| Q1 25 | -36.3% | 20.9% | ||
| Q4 24 | -28.7% | 20.2% | ||
| Q3 24 | -4.8% | 2.8% | ||
| Q2 24 | -20.4% | 18.7% | ||
| Q1 24 | -13.0% | 14.2% |
| Q4 25 | — | — | ||
| Q3 25 | -40.1% | 8.2% | ||
| Q2 25 | -44.8% | 12.7% | ||
| Q1 25 | -57.2% | 15.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -22.0% | -394.3% | ||
| Q2 24 | -43.8% | 12.0% | ||
| Q1 24 | -33.4% | 14.9% |
| Q4 25 | $-0.03 | $0.17 | ||
| Q3 25 | $-0.37 | $0.07 | ||
| Q2 25 | $-0.41 | $0.10 | ||
| Q1 25 | $-0.47 | $0.11 | ||
| Q4 24 | $-0.29 | $0.10 | ||
| Q3 24 | $-0.38 | $-1.99 | ||
| Q2 24 | $-0.66 | $0.09 | ||
| Q1 24 | $-0.58 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $-306.8M | $351.2M |
| Total Assets | $259.8M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $5.1M | ||
| Q3 25 | $5.6M | $35.6M | ||
| Q2 25 | $1.6M | $26.0M | ||
| Q1 25 | $499.0K | $20.8M | ||
| Q4 24 | $898.0K | $17.8M | ||
| Q3 24 | $296.0K | $42.9M | ||
| Q2 24 | $234.0K | $35.1M | ||
| Q1 24 | $1.6M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | $338.1M | $7.7M | ||
| Q3 24 | $322.2M | $14.0M | ||
| Q2 24 | $309.0M | $58.0M | ||
| Q1 24 | $307.2M | $77.4M |
| Q4 25 | $-306.8M | $351.2M | ||
| Q3 25 | $-304.9M | $333.9M | ||
| Q2 25 | $-289.3M | $328.8M | ||
| Q1 25 | $-280.7M | $326.9M | ||
| Q4 24 | $-263.9M | $326.5M | ||
| Q3 24 | $-258.9M | $316.5M | ||
| Q2 24 | $-249.0M | $426.6M | ||
| Q1 24 | $-232.1M | $421.6M |
| Q4 25 | $259.8M | $441.8M | ||
| Q3 25 | $241.1M | $404.5M | ||
| Q2 25 | $240.0M | $393.7M | ||
| Q1 25 | $242.5M | $390.0M | ||
| Q4 24 | $259.3M | $393.7M | ||
| Q3 24 | $259.3M | $389.6M | ||
| Q2 24 | $259.3M | $624.8M | ||
| Q1 24 | $259.3M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $-10.8M | $5.8M |
| FCF MarginFCF / Revenue | -24.9% | 7.6% |
| Capex IntensityCapex / Revenue | 38.2% | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $18.0M | ||
| Q3 25 | $3.1M | $24.7M | ||
| Q2 25 | $-5.7M | $21.4M | ||
| Q1 25 | $160.0K | $8.8M | ||
| Q4 24 | $-12.6M | $-4.1M | ||
| Q3 24 | $-5.0M | $2.8M | ||
| Q2 24 | $-5.1M | $27.6M | ||
| Q1 24 | $-10.3M | $11.9M |
| Q4 25 | $-10.8M | $5.8M | ||
| Q3 25 | $-1.0M | $12.0M | ||
| Q2 25 | $-9.3M | $9.7M | ||
| Q1 25 | $-1.7M | $-1.2M | ||
| Q4 24 | $-19.4M | $-17.7M | ||
| Q3 24 | $-9.5M | $-6.7M | ||
| Q2 24 | $-10.5M | $21.0M | ||
| Q1 24 | $-13.9M | $-1.9M |
| Q4 25 | -24.9% | 7.6% | ||
| Q3 25 | -1.7% | 17.4% | ||
| Q2 25 | -17.7% | 14.3% | ||
| Q1 25 | -3.9% | -1.8% | ||
| Q4 24 | -41.2% | -30.8% | ||
| Q3 24 | -11.6% | -15.2% | ||
| Q2 24 | -15.8% | 31.4% | ||
| Q1 24 | -19.1% | -3.9% |
| Q4 25 | 38.2% | 16.3% | ||
| Q3 25 | 6.9% | 18.5% | ||
| Q2 25 | 6.7% | 17.1% | ||
| Q1 25 | 4.3% | 15.5% | ||
| Q4 24 | 14.4% | 23.6% | ||
| Q3 24 | 5.5% | 21.4% | ||
| Q2 24 | 8.1% | 9.9% | ||
| Q1 24 | 4.9% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
