vs
Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and CorMedix Inc. (CRMD). Click either name above to swap in a different company.
CorMedix Inc. is the larger business by last-quarter revenue ($128.6M vs $104.4M, roughly 1.2× AMPCO PITTSBURGH CORP). CorMedix Inc. produced more free cash flow last quarter ($92.7M vs $-64.0K).
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...
CorMedix Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing novel therapeutic products for the prevention and treatment of infectious, inflammatory and cardiorenal diseases. Its lead candidate targets catheter-related bloodstream infections, serving critical care and chronic dialysis patient populations primarily across North America and European markets.
AP vs CRMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $128.6M |
| Net Profit | $-57.7M | — |
| Gross Margin | — | 83.4% |
| Operating Margin | -54.0% | 46.0% |
| Net Margin | -55.2% | — |
| Revenue YoY | 11.5% | — |
| Net Profit YoY | -1958.9% | — |
| EPS (diluted) | $-2.87 | $0.20 |
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 | $128.6M | ||
| Q3 25 | $103.7M | $104.3M | ||
| Q2 25 | $108.9M | $39.7M | ||
| Q1 25 | $99.2M | $39.1M | ||
| Q4 24 | $93.6M | — | ||
| Q3 24 | $92.1M | — | ||
| Q2 24 | $107.1M | — | ||
| Q1 24 | $110.0M | — |
| Q4 25 | $-57.7M | — | ||
| Q3 25 | $-2.2M | $108.6M | ||
| Q2 25 | $-7.3M | $19.8M | ||
| Q1 25 | $1.1M | $20.6M | ||
| Q4 24 | $3.1M | — | ||
| Q3 24 | $-2.0M | — | ||
| Q2 24 | $2.0M | — | ||
| Q1 24 | $-2.7M | — |
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 89.3% | ||
| Q2 25 | — | 95.3% | ||
| Q1 25 | — | 95.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -54.0% | 46.0% | ||
| Q3 25 | 1.1% | 49.2% | ||
| Q2 25 | -2.8% | 49.2% | ||
| Q1 25 | 3.9% | 51.5% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -55.2% | — | ||
| Q3 25 | -2.1% | 104.1% | ||
| Q2 25 | -6.7% | 49.9% | ||
| Q1 25 | 1.2% | 52.8% | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | -2.1% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | -2.5% | — |
| Q4 25 | $-2.87 | $0.20 | ||
| Q3 25 | $-0.11 | $1.26 | ||
| Q2 25 | $-0.36 | $0.28 | ||
| Q1 25 | $0.06 | $0.30 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.7M | $148.5M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $405.3M |
| Total Assets | $495.4M | $826.1M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $148.5M | ||
| Q3 25 | $15.0M | $55.7M | ||
| Q2 25 | $9.9M | $190.7M | ||
| Q1 25 | $7.1M | $77.5M | ||
| Q4 24 | $15.4M | — | ||
| Q3 24 | $11.8M | — | ||
| Q2 24 | $7.9M | — | ||
| Q1 24 | $10.8M | — |
| 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 | — |
| Q4 25 | $32.6M | $405.3M | ||
| Q3 25 | $60.1M | $374.1M | ||
| Q2 25 | $62.7M | $220.6M | ||
| Q1 25 | $64.6M | $114.9M | ||
| Q4 24 | $58.9M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $56.3M | — |
| Q4 25 | $495.4M | $826.1M | ||
| Q3 25 | $524.4M | $750.9M | ||
| Q2 25 | $537.2M | $252.6M | ||
| Q1 25 | $536.2M | $149.6M | ||
| Q4 24 | $530.9M | — | ||
| Q3 24 | $547.4M | — | ||
| Q2 24 | $560.8M | — | ||
| Q1 24 | $565.8M | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.7M | $94.5M |
| Free Cash FlowOCF − Capex | $-64.0K | $92.7M |
| FCF MarginFCF / Revenue | -0.1% | 72.1% |
| Capex IntensityCapex / Revenue | 2.7% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $172.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $94.5M | ||
| Q3 25 | $6.3M | $30.9M | ||
| Q2 25 | $-2.3M | $30.0M | ||
| Q1 25 | $-5.3M | $19.7M | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $11.4M | — | ||
| Q2 24 | $-5.3M | — | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $-64.0K | $92.7M | ||
| Q3 25 | $3.3M | $30.4M | ||
| Q2 25 | $-3.8M | $30.0M | ||
| Q1 25 | $-7.5M | $19.7M | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $8.4M | — | ||
| Q2 24 | $-8.0M | — | ||
| Q1 24 | $1.7M | — |
| Q4 25 | -0.1% | 72.1% | ||
| Q3 25 | 3.2% | 29.1% | ||
| Q2 25 | -3.5% | 75.4% | ||
| Q1 25 | -7.5% | 50.5% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | -7.5% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 2.7% | 1.3% | ||
| Q3 25 | 2.9% | 0.5% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | -4.62× | 0.96× | ||
| 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% |
CRMD
| Acquisition Of Melinta | $52.9M | 41% |
| Melinta Portfolio | $45.5M | 35% |
| Other | $18.6M | 14% |
| Contract Revenue | $7.4M | 6% |
| BARDA Agreement | $4.2M | 3% |
