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Side-by-side financial comparison of AEMETIS, INC (AMTX) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $43.3M, roughly 1.2× AEMETIS, INC). Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
AMTX vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $53.8M |
| Net Profit | — | $13.7M |
| Gross Margin | 17.8% | — |
| Operating Margin | -5.7% | — |
| Net Margin | — | 25.4% |
| Revenue YoY | -7.9% | — |
| Net Profit YoY | — | 21.6% |
| EPS (diluted) | $-0.03 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $43.3M | $53.3M | ||
| Q3 25 | $59.2M | $51.1M | ||
| Q2 25 | $52.2M | $49.2M | ||
| Q1 25 | $42.9M | $46.8M | ||
| Q4 24 | $47.0M | $46.8M | ||
| Q3 24 | $81.4M | $44.2M | ||
| Q2 24 | $66.6M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | $-23.7M | $13.7M | ||
| Q2 25 | $-23.4M | $11.7M | ||
| Q1 25 | $-24.5M | $11.3M | ||
| Q4 24 | — | $9.6M | ||
| Q3 24 | $-17.9M | $9.1M | ||
| Q2 24 | $-29.2M | $8.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -5.7% | 31.3% | ||
| Q3 25 | -14.4% | 33.2% | ||
| Q2 25 | -20.4% | 29.0% | ||
| Q1 25 | -36.3% | 29.0% | ||
| Q4 24 | -28.7% | 26.5% | ||
| Q3 24 | -4.8% | 24.3% | ||
| Q2 24 | -20.4% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | — | 25.7% | ||
| Q3 25 | -40.1% | 26.8% | ||
| Q2 25 | -44.8% | 23.8% | ||
| Q1 25 | -57.2% | 24.0% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | -22.0% | 20.7% | ||
| Q2 24 | -43.8% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $-0.03 | $0.81 | ||
| Q3 25 | $-0.37 | $0.81 | ||
| Q2 25 | $-0.41 | $0.69 | ||
| Q1 25 | $-0.47 | $0.67 | ||
| Q4 24 | $-0.29 | $0.57 | ||
| Q3 24 | $-0.38 | $0.54 | ||
| Q2 24 | $-0.66 | $0.48 |
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 | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $562.2M |
| Total Assets | $259.8M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $4.9M | $464.4M | ||
| Q3 25 | $5.6M | $557.1M | ||
| Q2 25 | $1.6M | $365.1M | ||
| Q1 25 | $499.0K | $423.0M | ||
| Q4 24 | $898.0K | $387.6M | ||
| Q3 24 | $296.0K | $192.9M | ||
| Q2 24 | $234.0K | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | $338.1M | $8.1M | ||
| Q3 24 | $322.2M | $9.0M | ||
| Q2 24 | $309.0M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $-306.8M | $552.4M | ||
| Q3 25 | $-304.9M | $538.4M | ||
| Q2 25 | $-289.3M | $519.0M | ||
| Q1 25 | $-280.7M | $505.8M | ||
| Q4 24 | $-263.9M | $491.3M | ||
| Q3 24 | $-258.9M | $489.0M | ||
| Q2 24 | $-249.0M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $259.8M | $5.9B | ||
| Q3 25 | $241.1M | $5.8B | ||
| Q2 25 | $240.0M | $5.5B | ||
| Q1 25 | $242.5M | $5.4B | ||
| Q4 24 | $259.3M | $5.3B | ||
| Q3 24 | $259.3M | $4.9B | ||
| Q2 24 | $259.3M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.03× |
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 | — |
| Free Cash FlowOCF − Capex | $-10.8M | — |
| FCF MarginFCF / Revenue | -24.9% | — |
| Capex IntensityCapex / Revenue | 38.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $61.7M | ||
| Q3 25 | $3.1M | $16.9M | ||
| Q2 25 | $-5.7M | $14.0M | ||
| Q1 25 | $160.0K | $14.3M | ||
| Q4 24 | $-12.6M | $52.7M | ||
| Q3 24 | $-5.0M | $12.4M | ||
| Q2 24 | $-5.1M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.8M | $59.3M | ||
| Q3 25 | $-1.0M | $16.6M | ||
| Q2 25 | $-9.3M | $13.2M | ||
| Q1 25 | $-1.7M | $13.4M | ||
| Q4 24 | $-19.4M | $46.3M | ||
| Q3 24 | $-9.5M | $11.3M | ||
| Q2 24 | $-10.5M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | -24.9% | 111.3% | ||
| Q3 25 | -1.7% | 32.4% | ||
| Q2 25 | -17.7% | 26.9% | ||
| Q1 25 | -3.9% | 28.5% | ||
| Q4 24 | -41.2% | 98.9% | ||
| Q3 24 | -11.6% | 25.7% | ||
| Q2 24 | -15.8% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 38.2% | 4.5% | ||
| Q3 25 | 6.9% | 0.6% | ||
| Q2 25 | 6.7% | 1.6% | ||
| Q1 25 | 4.3% | 2.0% | ||
| Q4 24 | 14.4% | 13.7% | ||
| Q3 24 | 5.5% | 2.4% | ||
| Q2 24 | 8.1% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.50× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 5.47× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 2.07× |
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% |
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
