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Side-by-side financial comparison of AEMETIS, INC (AMTX) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $43.3M, roughly 1.4× AEMETIS, INC). On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs -7.9%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $-10.8M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% 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 TSSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $60.9M |
| Net Profit | — | $12.2M |
| Gross Margin | 17.8% | 17.6% |
| Operating Margin | -5.7% | 1.5% |
| Net Margin | — | 20.0% |
| Revenue YoY | -7.9% | 21.8% |
| Net Profit YoY | — | 535.7% |
| EPS (diluted) | $-0.03 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $59.2M | $41.9M | ||
| Q2 25 | $52.2M | $44.0M | ||
| Q1 25 | $42.9M | $99.0M | ||
| Q4 24 | $47.0M | $50.0M | ||
| Q3 24 | $81.4M | $70.1M | ||
| Q2 24 | $66.6M | $12.2M | ||
| Q1 24 | $72.6M | $15.9M |
| Q4 25 | — | $12.2M | ||
| Q3 25 | $-23.7M | $-1.5M | ||
| Q2 25 | $-23.4M | $1.5M | ||
| Q1 25 | $-24.5M | $3.0M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $-17.9M | $2.6M | ||
| Q2 24 | $-29.2M | $1.4M | ||
| Q1 24 | $-24.2M | $15.0K |
| Q4 25 | 17.8% | 17.6% | ||
| Q3 25 | -0.1% | 11.1% | ||
| Q2 25 | -6.4% | 17.8% | ||
| Q1 25 | -11.8% | 9.3% | ||
| Q4 24 | -4.3% | 14.4% | ||
| Q3 24 | 4.8% | 11.3% | ||
| Q2 24 | -2.7% | 37.3% | ||
| Q1 24 | -0.8% | 17.1% |
| Q4 25 | -5.7% | 1.5% | ||
| Q3 25 | -14.4% | -2.2% | ||
| Q2 25 | -20.4% | 5.1% | ||
| Q1 25 | -36.3% | 4.2% | ||
| Q4 24 | -28.7% | 0.0% | ||
| Q3 24 | -4.8% | 5.4% | ||
| Q2 24 | -20.4% | 14.0% | ||
| Q1 24 | -13.0% | 1.6% |
| Q4 25 | — | 20.0% | ||
| Q3 25 | -40.1% | -3.6% | ||
| Q2 25 | -44.8% | 3.4% | ||
| Q1 25 | -57.2% | 3.0% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | -22.0% | 3.8% | ||
| Q2 24 | -43.8% | 11.5% | ||
| Q1 24 | -33.4% | 0.1% |
| Q4 25 | $-0.03 | $0.44 | ||
| Q3 25 | $-0.37 | $-0.06 | ||
| Q2 25 | $-0.41 | $0.06 | ||
| Q1 25 | $-0.47 | $0.12 | ||
| Q4 24 | $-0.29 | $0.08 | ||
| Q3 24 | $-0.38 | $0.10 | ||
| Q2 24 | $-0.66 | $0.06 | ||
| Q1 24 | $-0.58 | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $76.6M |
| Total Assets | $259.8M | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $85.5M | ||
| Q3 25 | $5.6M | $70.7M | ||
| Q2 25 | $1.6M | — | ||
| Q1 25 | $499.0K | — | ||
| Q4 24 | $898.0K | $23.2M | ||
| Q3 24 | $296.0K | $46.4M | ||
| Q2 24 | $234.0K | $8.3M | ||
| Q1 24 | $1.6M | $14.4M |
| 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 | $76.6M | ||
| Q3 25 | $-304.9M | $63.4M | ||
| Q2 25 | $-289.3M | $9.5M | ||
| Q1 25 | $-280.7M | $9.4M | ||
| Q4 24 | $-263.9M | $7.1M | ||
| Q3 24 | $-258.9M | $7.7M | ||
| Q2 24 | $-249.0M | $5.2M | ||
| Q1 24 | $-232.1M | $3.7M |
| Q4 25 | $259.8M | $184.9M | ||
| Q3 25 | $241.1M | $165.4M | ||
| Q2 25 | $240.0M | $139.5M | ||
| Q1 25 | $242.5M | $113.5M | ||
| Q4 24 | $259.3M | $96.6M | ||
| Q3 24 | $259.3M | $67.3M | ||
| Q2 24 | $259.3M | $28.9M | ||
| Q1 24 | $259.3M | $26.8M |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $-10.8M | $15.8M |
| FCF MarginFCF / Revenue | -24.9% | 25.9% |
| Capex IntensityCapex / Revenue | 38.2% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $16.3M | ||
| Q3 25 | $3.1M | $-18.4M | ||
| Q2 25 | $-5.7M | $16.3M | ||
| Q1 25 | $160.0K | $20.6M | ||
| Q4 24 | $-12.6M | $-21.6M | ||
| Q3 24 | $-5.0M | $38.6M | ||
| Q2 24 | $-5.1M | $-4.3M | ||
| Q1 24 | $-10.3M | $2.6M |
| Q4 25 | $-10.8M | $15.8M | ||
| Q3 25 | $-1.0M | $-24.9M | ||
| Q2 25 | $-9.3M | $5.4M | ||
| Q1 25 | $-1.7M | $5.8M | ||
| Q4 24 | $-19.4M | $-28.4M | ||
| Q3 24 | $-9.5M | $38.6M | ||
| Q2 24 | $-10.5M | $-6.0M | ||
| Q1 24 | $-13.9M | $2.6M |
| Q4 25 | -24.9% | 25.9% | ||
| Q3 25 | -1.7% | -59.3% | ||
| Q2 25 | -17.7% | 12.3% | ||
| Q1 25 | -3.9% | 5.8% | ||
| Q4 24 | -41.2% | -56.7% | ||
| Q3 24 | -11.6% | 55.1% | ||
| Q2 24 | -15.8% | -49.4% | ||
| Q1 24 | -19.1% | 16.4% |
| Q4 25 | 38.2% | 0.9% | ||
| Q3 25 | 6.9% | 15.3% | ||
| Q2 25 | 6.7% | 24.8% | ||
| Q1 25 | 4.3% | 15.0% | ||
| Q4 24 | 14.4% | 13.4% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 8.1% | 13.8% | ||
| Q1 24 | 4.9% | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
