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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Commerce.com, Inc. (CMRC). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $89.5M, roughly 1.2× Commerce.com, Inc.). Commerce.com, Inc. runs the higher net margin — -9.3% vs -55.2%, a 45.9% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 2.9%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% 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...
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
AP vs CMRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $89.5M |
| Net Profit | $-57.7M | $-8.4M |
| Gross Margin | — | 78.3% |
| Operating Margin | -54.0% | -7.4% |
| Net Margin | -55.2% | -9.3% |
| Revenue YoY | 11.5% | 2.9% |
| Net Profit YoY | -1958.9% | -250.0% |
| EPS (diluted) | $-2.87 | $-0.11 |
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 | $104.4M | $89.5M | ||
| Q3 25 | $103.7M | $86.0M | ||
| Q2 25 | $108.9M | $84.4M | ||
| Q1 25 | $99.2M | $82.4M | ||
| Q4 24 | $93.6M | $87.0M | ||
| Q3 24 | $92.1M | $83.7M | ||
| Q2 24 | $107.1M | $81.8M | ||
| Q1 24 | $110.0M | $80.4M |
| Q4 25 | $-57.7M | $-8.4M | ||
| Q3 25 | $-2.2M | $-2.2M | ||
| Q2 25 | $-7.3M | $-8.4M | ||
| Q1 25 | $1.1M | $-353.0K | ||
| Q4 24 | $3.1M | $-2.4M | ||
| Q3 24 | $-2.0M | $-7.0M | ||
| Q2 24 | $2.0M | $-11.3M | ||
| Q1 24 | $-2.7M | $-6.4M |
| Q4 25 | — | 78.3% | ||
| Q3 25 | — | 78.4% | ||
| Q2 25 | — | 79.0% | ||
| Q1 25 | — | 79.4% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 76.3% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 77.1% |
| Q4 25 | -54.0% | -7.4% | ||
| Q3 25 | 1.1% | -0.5% | ||
| Q2 25 | -2.8% | -8.0% | ||
| Q1 25 | 3.9% | -2.9% | ||
| Q4 24 | 5.5% | -0.9% | ||
| Q3 24 | 2.0% | -23.0% | ||
| Q2 24 | 4.7% | -16.5% | ||
| Q1 24 | 0.1% | -10.2% |
| Q4 25 | -55.2% | -9.3% | ||
| Q3 25 | -2.1% | -2.6% | ||
| Q2 25 | -6.7% | -9.9% | ||
| Q1 25 | 1.2% | -0.4% | ||
| Q4 24 | 3.3% | -2.7% | ||
| Q3 24 | -2.1% | -8.4% | ||
| Q2 24 | 1.9% | -13.8% | ||
| Q1 24 | -2.5% | -8.0% |
| Q4 25 | $-2.87 | $-0.11 | ||
| Q3 25 | $-0.11 | $-0.03 | ||
| Q2 25 | $-0.36 | $-0.10 | ||
| Q1 25 | $0.06 | $0.00 | ||
| Q4 24 | $0.16 | $-0.03 | ||
| Q3 24 | $-0.10 | $-0.09 | ||
| Q2 24 | $0.10 | $-0.15 | ||
| Q1 24 | $-0.14 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.7M | $141.1M |
| Total DebtLower is stronger | $117.9M | $157.0M |
| Stockholders' EquityBook value | $32.6M | $39.4M |
| Total Assets | $495.4M | $308.8M |
| Debt / EquityLower = less leverage | 3.61× | 3.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $141.1M | ||
| Q3 25 | $15.0M | $142.0M | ||
| Q2 25 | $9.9M | $134.5M | ||
| Q1 25 | $7.1M | $120.7M | ||
| Q4 24 | $15.4M | $178.2M | ||
| Q3 24 | $11.8M | $168.4M | ||
| Q2 24 | $7.9M | $275.8M | ||
| Q1 24 | $10.8M | $265.2M |
| Q4 25 | $117.9M | $157.0M | ||
| Q3 25 | $119.0M | $157.3M | ||
| Q2 25 | $115.9M | $157.5M | ||
| Q1 25 | $115.0M | $157.8M | ||
| Q4 24 | $116.4M | $216.5M | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | $340.9M | ||
| Q1 24 | $116.2M | $340.5M |
| Q4 25 | $32.6M | $39.4M | ||
| Q3 25 | $60.1M | $42.8M | ||
| Q2 25 | $62.7M | $38.8M | ||
| Q1 25 | $64.6M | $38.1M | ||
| Q4 24 | $58.9M | $33.4M | ||
| Q3 24 | $61.3M | $29.0M | ||
| Q2 24 | $58.0M | $26.1M | ||
| Q1 24 | $56.3M | $26.9M |
| Q4 25 | $495.4M | $308.8M | ||
| Q3 25 | $524.4M | $309.5M | ||
| Q2 25 | $537.2M | $302.5M | ||
| Q1 25 | $536.2M | $286.3M | ||
| Q4 24 | $530.9M | $340.3M | ||
| Q3 24 | $547.4M | $335.1M | ||
| Q2 24 | $560.8M | $452.5M | ||
| Q1 24 | $565.8M | $442.5M |
| Q4 25 | 3.61× | 3.99× | ||
| Q3 25 | 1.98× | 3.67× | ||
| Q2 25 | 1.85× | 4.06× | ||
| Q1 25 | 1.78× | 4.14× | ||
| Q4 24 | 1.98× | 6.49× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | 13.06× | ||
| Q1 24 | 2.06× | 12.65× |
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 | $2.7M | $980.0K |
| Free Cash FlowOCF − Capex | $-64.0K | $-2.2M |
| FCF MarginFCF / Revenue | -0.1% | -2.4% |
| Capex IntensityCapex / Revenue | 2.7% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $16.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $980.0K | ||
| Q3 25 | $6.3M | $10.6M | ||
| Q2 25 | $-2.3M | $13.6M | ||
| Q1 25 | $-5.3M | $401.0K | ||
| Q4 24 | $7.5M | $12.4M | ||
| Q3 24 | $11.4M | $5.6M | ||
| Q2 24 | $-5.3M | $11.7M | ||
| Q1 24 | $4.5M | $-3.4M |
| Q4 25 | $-64.0K | $-2.2M | ||
| Q3 25 | $3.3M | $7.6M | ||
| Q2 25 | $-3.8M | $11.9M | ||
| Q1 25 | $-7.5M | $-424.0K | ||
| Q4 24 | $3.7M | $11.6M | ||
| Q3 24 | $8.4M | $4.5M | ||
| Q2 24 | $-8.0M | $10.7M | ||
| Q1 24 | $1.7M | $-4.2M |
| Q4 25 | -0.1% | -2.4% | ||
| Q3 25 | 3.2% | 8.8% | ||
| Q2 25 | -3.5% | 14.1% | ||
| Q1 25 | -7.5% | -0.5% | ||
| Q4 24 | 4.0% | 13.3% | ||
| Q3 24 | 9.1% | 5.4% | ||
| Q2 24 | -7.5% | 13.0% | ||
| Q1 24 | 1.5% | -5.3% |
| Q4 25 | 2.7% | 3.5% | ||
| Q3 25 | 2.9% | 3.4% | ||
| Q2 25 | 1.3% | 2.0% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 4.0% | 0.9% | ||
| Q3 24 | 3.2% | 1.3% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 2.6% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
