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Side-by-side financial comparison of AEMETIS, INC (AMTX) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $39.4M, roughly 1.1× SANDRIDGE ENERGY INC). On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs -7.9%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M vs $-10.8M). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
AMTX vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $39.4M |
| Net Profit | — | $21.6M |
| Gross Margin | 17.8% | — |
| Operating Margin | -5.7% | 38.5% |
| Net Margin | — | 54.9% |
| Revenue YoY | -7.9% | 1.1% |
| Net Profit YoY | — | 23.1% |
| EPS (diluted) | $-0.03 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $59.2M | $39.8M | ||
| Q2 25 | $52.2M | $34.5M | ||
| Q1 25 | $42.9M | $42.6M | ||
| Q4 24 | $47.0M | $39.0M | ||
| Q3 24 | $81.4M | $30.1M | ||
| Q2 24 | $66.6M | $26.0M | ||
| Q1 24 | $72.6M | $30.3M |
| Q4 25 | — | $21.6M | ||
| Q3 25 | $-23.7M | $16.0M | ||
| Q2 25 | $-23.4M | $19.6M | ||
| Q1 25 | $-24.5M | $13.0M | ||
| Q4 24 | — | $17.6M | ||
| Q3 24 | $-17.9M | $25.5M | ||
| Q2 24 | $-29.2M | $8.8M | ||
| Q1 24 | $-24.2M | $11.1M |
| 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% | — |
| Q4 25 | -5.7% | 38.5% | ||
| Q3 25 | -14.4% | 37.8% | ||
| Q2 25 | -20.4% | 53.7% | ||
| Q1 25 | -36.3% | 28.6% | ||
| Q4 24 | -28.7% | 25.9% | ||
| Q3 24 | -4.8% | 28.3% | ||
| Q2 24 | -20.4% | 23.9% | ||
| Q1 24 | -13.0% | 27.8% |
| Q4 25 | — | 54.9% | ||
| Q3 25 | -40.1% | 40.1% | ||
| Q2 25 | -44.8% | 56.6% | ||
| Q1 25 | -57.2% | 30.6% | ||
| Q4 24 | — | 45.1% | ||
| Q3 24 | -22.0% | 84.8% | ||
| Q2 24 | -43.8% | 33.9% | ||
| Q1 24 | -33.4% | 36.7% |
| Q4 25 | $-0.03 | $0.59 | ||
| Q3 25 | $-0.37 | $0.43 | ||
| Q2 25 | $-0.41 | $0.53 | ||
| Q1 25 | $-0.47 | $0.35 | ||
| Q4 24 | $-0.29 | $0.46 | ||
| Q3 24 | $-0.38 | $0.69 | ||
| Q2 24 | $-0.66 | $0.24 | ||
| Q1 24 | $-0.58 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $510.9M |
| Total Assets | $259.8M | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $111.0M | ||
| Q3 25 | $5.6M | $101.2M | ||
| Q2 25 | $1.6M | $102.8M | ||
| Q1 25 | $499.0K | $99.7M | ||
| Q4 24 | $898.0K | $98.1M | ||
| Q3 24 | $296.0K | $92.7M | ||
| Q2 24 | $234.0K | $209.9M | ||
| Q1 24 | $1.6M | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $-304.9M | $492.4M | ||
| Q2 25 | $-289.3M | $480.2M | ||
| Q1 25 | $-280.7M | $464.9M | ||
| Q4 24 | $-263.9M | $460.5M | ||
| Q3 24 | $-258.9M | $446.8M | ||
| Q2 24 | $-249.0M | $424.8M | ||
| Q1 24 | $-232.1M | $419.7M |
| Q4 25 | $259.8M | $644.0M | ||
| Q3 25 | $241.1M | $619.0M | ||
| Q2 25 | $240.0M | $602.3M | ||
| Q1 25 | $242.5M | $588.3M | ||
| Q4 24 | $259.3M | $581.5M | ||
| Q3 24 | $259.3M | $565.2M | ||
| Q2 24 | $259.3M | $529.6M | ||
| Q1 24 | $259.3M | $527.4M |
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 | $31.7M |
| Free Cash FlowOCF − Capex | $-10.8M | $14.4M |
| FCF MarginFCF / Revenue | -24.9% | 36.6% |
| Capex IntensityCapex / Revenue | 38.2% | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $31.7M | ||
| Q3 25 | $3.1M | $25.3M | ||
| Q2 25 | $-5.7M | $22.9M | ||
| Q1 25 | $160.0K | $20.3M | ||
| Q4 24 | $-12.6M | $26.0M | ||
| Q3 24 | $-5.0M | $20.8M | ||
| Q2 24 | $-5.1M | $11.4M | ||
| Q1 24 | $-10.3M | $15.7M |
| Q4 25 | $-10.8M | $14.4M | ||
| Q3 25 | $-1.0M | $5.9M | ||
| Q2 25 | $-9.3M | $7.3M | ||
| Q1 25 | $-1.7M | $13.9M | ||
| Q4 24 | $-19.4M | $13.2M | ||
| Q3 24 | $-9.5M | $10.8M | ||
| Q2 24 | $-10.5M | $9.0M | ||
| Q1 24 | $-13.9M | $14.6M |
| Q4 25 | -24.9% | 36.6% | ||
| Q3 25 | -1.7% | 14.9% | ||
| Q2 25 | -17.7% | 21.0% | ||
| Q1 25 | -3.9% | 32.7% | ||
| Q4 24 | -41.2% | 33.8% | ||
| Q3 24 | -11.6% | 36.1% | ||
| Q2 24 | -15.8% | 34.5% | ||
| Q1 24 | -19.1% | 48.1% |
| Q4 25 | 38.2% | 43.8% | ||
| Q3 25 | 6.9% | 48.6% | ||
| Q2 25 | 6.7% | 45.2% | ||
| Q1 25 | 4.3% | 15.0% | ||
| Q4 24 | 14.4% | 32.9% | ||
| Q3 24 | 5.5% | 33.3% | ||
| Q2 24 | 8.1% | 9.4% | ||
| Q1 24 | 4.9% | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
