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Side-by-side financial comparison of AEMETIS, INC (AMTX) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
AEMETIS, INC is the larger business by last-quarter revenue ($43.3M vs $26.9M, roughly 1.6× WEST BANCORPORATION INC). On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -7.9%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-10.8M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
AMTX vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $26.9M |
| Net Profit | — | $10.6M |
| Gross Margin | 17.8% | — |
| Operating Margin | -5.7% | 50.0% |
| Net Margin | — | 39.2% |
| Revenue YoY | -7.9% | 16.6% |
| Net Profit YoY | — | 34.8% |
| EPS (diluted) | $-0.03 | $0.61 |
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 | — | $26.9M | ||
| Q4 25 | $43.3M | $24.2M | ||
| Q3 25 | $59.2M | $25.0M | ||
| Q2 25 | $52.2M | $23.8M | ||
| Q1 25 | $42.9M | $23.1M | ||
| Q4 24 | $47.0M | $20.9M | ||
| Q3 24 | $81.4M | $20.3M | ||
| Q2 24 | $66.6M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-23.7M | $9.3M | ||
| Q2 25 | $-23.4M | $8.0M | ||
| Q1 25 | $-24.5M | $7.8M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $-17.9M | $6.0M | ||
| Q2 24 | $-29.2M | $5.2M |
| 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 | — | 50.0% | ||
| Q4 25 | -5.7% | 39.6% | ||
| Q3 25 | -14.4% | 45.8% | ||
| Q2 25 | -20.4% | 43.4% | ||
| Q1 25 | -36.3% | 43.4% | ||
| Q4 24 | -28.7% | 30.9% | ||
| Q3 24 | -4.8% | 36.6% | ||
| Q2 24 | -20.4% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | -40.1% | 37.3% | ||
| Q2 25 | -44.8% | 33.5% | ||
| Q1 25 | -57.2% | 34.0% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | -22.0% | 29.3% | ||
| Q2 24 | -43.8% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.03 | $0.44 | ||
| Q3 25 | $-0.37 | $0.55 | ||
| Q2 25 | $-0.41 | $0.47 | ||
| Q1 25 | $-0.47 | $0.46 | ||
| Q4 24 | $-0.29 | $0.41 | ||
| Q3 24 | $-0.38 | $0.35 | ||
| Q2 24 | $-0.66 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-306.8M | $270.7M |
| Total Assets | $259.8M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $4.9M | $471.1M | ||
| Q3 25 | $5.6M | $232.9M | ||
| Q2 25 | $1.6M | $345.2M | ||
| Q1 25 | $499.0K | — | ||
| Q4 24 | $898.0K | $243.5M | ||
| Q3 24 | $296.0K | — | ||
| Q2 24 | $234.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $-306.8M | $266.0M | ||
| Q3 25 | $-304.9M | $255.1M | ||
| Q2 25 | $-289.3M | $240.9M | ||
| Q1 25 | $-280.7M | $237.9M | ||
| Q4 24 | $-263.9M | $227.9M | ||
| Q3 24 | $-258.9M | $235.4M | ||
| Q2 24 | $-249.0M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $259.8M | $4.1B | ||
| Q3 25 | $241.1M | $4.0B | ||
| Q2 25 | $240.0M | $4.1B | ||
| Q1 25 | $242.5M | $4.0B | ||
| Q4 24 | $259.3M | $4.0B | ||
| Q3 24 | $259.3M | $4.0B | ||
| Q2 24 | $259.3M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-10.8M | $12.4M |
| FCF MarginFCF / Revenue | -24.9% | 46.0% |
| Capex IntensityCapex / Revenue | 38.2% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $5.8M | $46.5M | ||
| Q3 25 | $3.1M | $11.4M | ||
| Q2 25 | $-5.7M | $13.5M | ||
| Q1 25 | $160.0K | $9.7M | ||
| Q4 24 | $-12.6M | $39.8M | ||
| Q3 24 | $-5.0M | $12.9M | ||
| Q2 24 | $-5.1M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-10.8M | $43.2M | ||
| Q3 25 | $-1.0M | $10.8M | ||
| Q2 25 | $-9.3M | $12.8M | ||
| Q1 25 | $-1.7M | $8.3M | ||
| Q4 24 | $-19.4M | $13.7M | ||
| Q3 24 | $-9.5M | $7.0M | ||
| Q2 24 | $-10.5M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -24.9% | 178.3% | ||
| Q3 25 | -1.7% | 43.0% | ||
| Q2 25 | -17.7% | 53.6% | ||
| Q1 25 | -3.9% | 35.7% | ||
| Q4 24 | -41.2% | 65.6% | ||
| Q3 24 | -11.6% | 34.2% | ||
| Q2 24 | -15.8% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 38.2% | 13.7% | ||
| Q3 25 | 6.9% | 2.6% | ||
| Q2 25 | 6.7% | 3.2% | ||
| Q1 25 | 4.3% | 6.5% | ||
| Q4 24 | 14.4% | 125.3% | ||
| Q3 24 | 5.5% | 29.4% | ||
| Q2 24 | 8.1% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
