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

AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $25.9M, roughly 1.7× REDWOOD TRUST INC). On growth, REDWOOD TRUST INC posted the faster year-over-year revenue change (-6.1% vs -7.9%). Over the past eight quarters, AEMETIS, INC's revenue compounded faster (-22.8% CAGR vs -41.0%).

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.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

AMTX vs RWT — Head-to-Head

Bigger by revenue
AMTX
AMTX
1.7× larger
AMTX
$43.3M
$25.9M
RWT
Growing faster (revenue YoY)
RWT
RWT
+1.8% gap
RWT
-6.1%
-7.9%
AMTX
Faster 2-yr revenue CAGR
AMTX
AMTX
Annualised
AMTX
-22.8%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMTX
AMTX
RWT
RWT
Revenue
$43.3M
$25.9M
Net Profit
$20.0M
Gross Margin
17.8%
Operating Margin
-5.7%
Net Margin
77.2%
Revenue YoY
-7.9%
-6.1%
Net Profit YoY
402.6%
EPS (diluted)
$-0.03
$0.11

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
RWT
RWT
Q4 25
$43.3M
$25.9M
Q3 25
$59.2M
$15.0M
Q2 25
$52.2M
$13.8M
Q1 25
$42.9M
$27.9M
Q4 24
$47.0M
$27.6M
Q3 24
$81.4M
$25.5M
Q2 24
$66.6M
$67.4M
Q1 24
$72.6M
$74.5M
Net Profit
AMTX
AMTX
RWT
RWT
Q4 25
$20.0M
Q3 25
$-23.7M
$-7.7M
Q2 25
$-23.4M
$-98.5M
Q1 25
$-24.5M
$16.1M
Q4 24
$-6.6M
Q3 24
$-17.9M
$14.8M
Q2 24
$-29.2M
$15.5M
Q1 24
$-24.2M
$30.3M
Gross Margin
AMTX
AMTX
RWT
RWT
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
RWT
RWT
Q4 25
-5.7%
Q3 25
-14.4%
-9.0%
Q2 25
-20.4%
-679.0%
Q1 25
-36.3%
80.2%
Q4 24
-28.7%
-1.3%
Q3 24
-4.8%
86.1%
Q2 24
-20.4%
30.3%
Q1 24
-13.0%
41.3%
Net Margin
AMTX
AMTX
RWT
RWT
Q4 25
77.2%
Q3 25
-40.1%
-51.4%
Q2 25
-44.8%
-712.0%
Q1 25
-57.2%
57.8%
Q4 24
-24.0%
Q3 24
-22.0%
58.1%
Q2 24
-43.8%
23.0%
Q1 24
-33.4%
40.6%
EPS (diluted)
AMTX
AMTX
RWT
RWT
Q4 25
$-0.03
$0.11
Q3 25
$-0.37
$-0.08
Q2 25
$-0.41
$-0.76
Q1 25
$-0.47
$0.10
Q4 24
$-0.29
$-0.08
Q3 24
$-0.38
$0.09
Q2 24
$-0.66
$0.10
Q1 24
$-0.58
$0.21

Balance Sheet & Financial Strength

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

Metric
AMTX
AMTX
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$4.9M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-306.8M
$982.6M
Total Assets
$259.8M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMTX
AMTX
RWT
RWT
Q4 25
$4.9M
$255.7M
Q3 25
$5.6M
$226.3M
Q2 25
$1.6M
$302.0M
Q1 25
$499.0K
$259.9M
Q4 24
$898.0K
$245.2M
Q3 24
$296.0K
$253.7M
Q2 24
$234.0K
$275.6M
Q1 24
$1.6M
$275.4M
Total Debt
AMTX
AMTX
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$338.1M
Q3 24
$322.2M
Q2 24
$309.0M
Q1 24
$307.2M
$1.7B
Stockholders' Equity
AMTX
AMTX
RWT
RWT
Q4 25
$-306.8M
$982.6M
Q3 25
$-304.9M
$999.0M
Q2 25
$-289.3M
$1.1B
Q1 25
$-280.7M
$1.2B
Q4 24
$-263.9M
$1.2B
Q3 24
$-258.9M
$1.2B
Q2 24
$-249.0M
$1.2B
Q1 24
$-232.1M
$1.2B
Total Assets
AMTX
AMTX
RWT
RWT
Q4 25
$259.8M
$23.7B
Q3 25
$241.1M
$22.6B
Q2 25
$240.0M
$21.3B
Q1 25
$242.5M
$19.9B
Q4 24
$259.3M
$18.3B
Q3 24
$259.3M
$18.4B
Q2 24
$259.3M
$16.5B
Q1 24
$259.3M
$15.1B
Debt / Equity
AMTX
AMTX
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

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
RWT
RWT
Operating Cash FlowLast quarter
$5.8M
$-10.1B
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-24.9%
Capex IntensityCapex / Revenue
38.2%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMTX
AMTX
RWT
RWT
Q4 25
$5.8M
$-10.1B
Q3 25
$3.1M
$-2.7B
Q2 25
$-5.7M
$-2.1B
Q1 25
$160.0K
$-2.0B
Q4 24
$-12.6M
$-5.9B
Q3 24
$-5.0M
$-2.1B
Q2 24
$-5.1M
$-2.0B
Q1 24
$-10.3M
$-954.2M
Free Cash Flow
AMTX
AMTX
RWT
RWT
Q4 25
$-10.8M
Q3 25
$-1.0M
Q2 25
$-9.3M
Q1 25
$-1.7M
Q4 24
$-19.4M
Q3 24
$-9.5M
Q2 24
$-10.5M
Q1 24
$-13.9M
FCF Margin
AMTX
AMTX
RWT
RWT
Q4 25
-24.9%
Q3 25
-1.7%
Q2 25
-17.7%
Q1 25
-3.9%
Q4 24
-41.2%
Q3 24
-11.6%
Q2 24
-15.8%
Q1 24
-19.1%
Capex Intensity
AMTX
AMTX
RWT
RWT
Q4 25
38.2%
Q3 25
6.9%
Q2 25
6.7%
Q1 25
4.3%
Q4 24
14.4%
Q3 24
5.5%
Q2 24
8.1%
Q1 24
4.9%
Cash Conversion
AMTX
AMTX
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

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%

RWT
RWT

Segment breakdown not available.

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