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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and CITIZENS, INC. (CIA). Click either name above to swap in a different company.

AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $72.1M, roughly 1.4× CITIZENS, INC.). CITIZENS, INC. runs the higher net margin — 10.2% vs -55.2%, a 65.4% gap on every dollar of revenue. On growth, CITIZENS, INC. posted the faster year-over-year revenue change (13.5% vs 11.5%). CITIZENS, INC. produced more free cash flow last quarter ($17.5M vs $-64.0K). Over the past eight quarters, CITIZENS, INC.'s revenue compounded faster (11.7% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

Citizen Watch Co., Ltd. , also known as the Citizen Group, is an electronics company primarily known for its watches and is the core company of a Japanese global corporate group based in Nishitokyo, Tokyo, Japan. In addition to Citizen brand watches, it is the parent of American watch company Bulova. Beyond watches, Citizen also manufactures calculators, printers, health care devices, and precision CNC machining equipment.

AP vs CIA — Head-to-Head

Bigger by revenue
AP
AP
1.4× larger
AP
$104.4M
$72.1M
CIA
Growing faster (revenue YoY)
CIA
CIA
+2.1% gap
CIA
13.5%
11.5%
AP
Higher net margin
CIA
CIA
65.4% more per $
CIA
10.2%
-55.2%
AP
More free cash flow
CIA
CIA
$17.6M more FCF
CIA
$17.5M
$-64.0K
AP
Faster 2-yr revenue CAGR
CIA
CIA
Annualised
CIA
11.7%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AP
AP
CIA
CIA
Revenue
$104.4M
$72.1M
Net Profit
$-57.7M
$7.3M
Gross Margin
Operating Margin
-54.0%
10.9%
Net Margin
-55.2%
10.2%
Revenue YoY
11.5%
13.5%
Net Profit YoY
-1958.9%
102.7%
EPS (diluted)
$-2.87

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
AP
AP
CIA
CIA
Q4 25
$104.4M
$72.1M
Q3 25
$103.7M
$62.8M
Q2 25
$108.9M
$65.1M
Q1 25
$99.2M
$55.7M
Q4 24
$93.6M
$63.5M
Q3 24
$92.1M
$61.7M
Q2 24
$107.1M
$62.1M
Q1 24
$110.0M
$57.7M
Net Profit
AP
AP
CIA
CIA
Q4 25
$-57.7M
$7.3M
Q3 25
$-2.2M
$2.4M
Q2 25
$-7.3M
$6.5M
Q1 25
$1.1M
$-1.6M
Q4 24
$3.1M
$3.6M
Q3 24
$-2.0M
$2.8M
Q2 24
$2.0M
$4.0M
Q1 24
$-2.7M
$4.5M
Operating Margin
AP
AP
CIA
CIA
Q4 25
-54.0%
10.9%
Q3 25
1.1%
7.1%
Q2 25
-2.8%
10.6%
Q1 25
3.9%
-3.2%
Q4 24
5.5%
5.9%
Q3 24
2.0%
4.9%
Q2 24
4.7%
5.3%
Q1 24
0.1%
8.5%
Net Margin
AP
AP
CIA
CIA
Q4 25
-55.2%
10.2%
Q3 25
-2.1%
3.8%
Q2 25
-6.7%
9.9%
Q1 25
1.2%
-2.9%
Q4 24
3.3%
5.7%
Q3 24
-2.1%
4.5%
Q2 24
1.9%
6.4%
Q1 24
-2.5%
7.9%
EPS (diluted)
AP
AP
CIA
CIA
Q4 25
$-2.87
Q3 25
$-0.11
Q2 25
$-0.36
Q1 25
$0.06
Q4 24
$0.16
Q3 24
$-0.10
Q2 24
$0.10
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
AP
AP
CIA
CIA
Cash + ST InvestmentsLiquidity on hand
$10.7M
$23.0M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$32.6M
$235.0M
Total Assets
$495.4M
$1.8B
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
CIA
CIA
Q4 25
$10.7M
$23.0M
Q3 25
$15.0M
$23.1M
Q2 25
$9.9M
$22.7M
Q1 25
$7.1M
$18.4M
Q4 24
$15.4M
$29.3M
Q3 24
$11.8M
$32.4M
Q2 24
$7.9M
$26.3M
Q1 24
$10.8M
$23.2M
Total Debt
AP
AP
CIA
CIA
Q4 25
$117.9M
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
Q3 24
$116.0M
Q2 24
$119.4M
Q1 24
$116.2M
Stockholders' Equity
AP
AP
CIA
CIA
Q4 25
$32.6M
$235.0M
Q3 25
$60.1M
$225.6M
Q2 25
$62.7M
$229.0M
Q1 25
$64.6M
$218.1M
Q4 24
$58.9M
$210.4M
Q3 24
$61.3M
$207.6M
Q2 24
$58.0M
$191.5M
Q1 24
$56.3M
$195.2M
Total Assets
AP
AP
CIA
CIA
Q4 25
$495.4M
$1.8B
Q3 25
$524.4M
$1.7B
Q2 25
$537.2M
$1.7B
Q1 25
$536.2M
$1.7B
Q4 24
$530.9M
$1.7B
Q3 24
$547.4M
$1.7B
Q2 24
$560.8M
$1.7B
Q1 24
$565.8M
$1.7B
Debt / Equity
AP
AP
CIA
CIA
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×
Q1 24
2.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AP
AP
CIA
CIA
Operating Cash FlowLast quarter
$2.7M
$18.0M
Free Cash FlowOCF − Capex
$-64.0K
$17.5M
FCF MarginFCF / Revenue
-0.1%
24.3%
Capex IntensityCapex / Revenue
2.7%
0.6%
Cash ConversionOCF / Net Profit
2.45×
TTM Free Cash FlowTrailing 4 quarters
$-8.1M
$26.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
CIA
CIA
Q4 25
$2.7M
$18.0M
Q3 25
$6.3M
$4.7M
Q2 25
$-2.3M
$3.5M
Q1 25
$-5.3M
$748.0K
Q4 24
$7.5M
$31.9M
Q3 24
$11.4M
$9.7M
Q2 24
$-5.3M
$4.6M
Q1 24
$4.5M
$6.8M
Free Cash Flow
AP
AP
CIA
CIA
Q4 25
$-64.0K
$17.5M
Q3 25
$3.3M
$4.6M
Q2 25
$-3.8M
$3.3M
Q1 25
$-7.5M
$641.0K
Q4 24
$3.7M
$31.3M
Q3 24
$8.4M
$9.3M
Q2 24
$-8.0M
$4.5M
Q1 24
$1.7M
$6.7M
FCF Margin
AP
AP
CIA
CIA
Q4 25
-0.1%
24.3%
Q3 25
3.2%
7.3%
Q2 25
-3.5%
5.1%
Q1 25
-7.5%
1.2%
Q4 24
4.0%
49.2%
Q3 24
9.1%
15.1%
Q2 24
-7.5%
7.2%
Q1 24
1.5%
11.7%
Capex Intensity
AP
AP
CIA
CIA
Q4 25
2.7%
0.6%
Q3 25
2.9%
0.1%
Q2 25
1.3%
0.3%
Q1 25
2.2%
0.2%
Q4 24
4.0%
1.0%
Q3 24
3.2%
0.6%
Q2 24
2.5%
0.2%
Q1 24
2.6%
0.1%
Cash Conversion
AP
AP
CIA
CIA
Q4 25
2.45×
Q3 25
1.93×
Q2 25
0.54×
Q1 25
-4.62×
Q4 24
2.40×
8.81×
Q3 24
3.48×
Q2 24
-2.64×
1.16×
Q1 24
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

CIA
CIA

Segment breakdown not available.

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