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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and P10, Inc. (PX). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $81.0M, roughly 1.3× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -55.2%, a 66.9% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-64.0K). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% 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...
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
AP vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $81.0M |
| Net Profit | $-57.7M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -54.0% | 31.9% |
| Net Margin | -55.2% | 11.7% |
| Revenue YoY | 11.5% | -4.7% |
| Net Profit YoY | -1958.9% | 79.0% |
| EPS (diluted) | $-2.87 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $103.7M | $75.9M | ||
| Q2 25 | $108.9M | $72.7M | ||
| Q1 25 | $99.2M | $67.7M | ||
| Q4 24 | $93.6M | $85.0M | ||
| Q3 24 | $92.1M | $74.2M | ||
| Q2 24 | $107.1M | $71.1M | ||
| Q1 24 | $110.0M | $66.1M |
| Q4 25 | $-57.7M | $9.5M | ||
| Q3 25 | $-2.2M | $2.1M | ||
| Q2 25 | $-7.3M | $3.4M | ||
| Q1 25 | $1.1M | $4.5M | ||
| Q4 24 | $3.1M | $5.3M | ||
| Q3 24 | $-2.0M | $1.4M | ||
| Q2 24 | $2.0M | $7.0M | ||
| Q1 24 | $-2.7M | $5.0M |
| Q4 25 | -54.0% | 31.9% | ||
| Q3 25 | 1.1% | 14.1% | ||
| Q2 25 | -2.8% | 24.4% | ||
| Q1 25 | 3.9% | 16.6% | ||
| Q4 24 | 5.5% | 26.9% | ||
| Q3 24 | 2.0% | 11.9% | ||
| Q2 24 | 4.7% | 23.7% | ||
| Q1 24 | 0.1% | 18.3% |
| Q4 25 | -55.2% | 11.7% | ||
| Q3 25 | -2.1% | 2.8% | ||
| Q2 25 | -6.7% | 4.7% | ||
| Q1 25 | 1.2% | 6.7% | ||
| Q4 24 | 3.3% | 6.2% | ||
| Q3 24 | -2.1% | 1.9% | ||
| Q2 24 | 1.9% | 9.8% | ||
| Q1 24 | -2.5% | 7.6% |
| Q4 25 | $-2.87 | $0.08 | ||
| Q3 25 | $-0.11 | $0.02 | ||
| Q2 25 | $-0.36 | $0.03 | ||
| Q1 25 | $0.06 | $0.04 | ||
| Q4 24 | $0.16 | $0.05 | ||
| Q3 24 | $-0.10 | $0.01 | ||
| Q2 24 | $0.10 | $0.06 | ||
| Q1 24 | $-0.14 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | $117.9M | $373.2M |
| Stockholders' EquityBook value | $32.6M | $403.5M |
| Total Assets | $495.4M | $928.3M |
| Debt / EquityLower = less leverage | 3.61× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $28.2M | ||
| Q3 25 | $15.0M | $40.0M | ||
| Q2 25 | $9.9M | $33.4M | ||
| Q1 25 | $7.1M | $74.4M | ||
| Q4 24 | $15.4M | $67.5M | ||
| Q3 24 | $11.8M | $61.5M | ||
| Q2 24 | $7.9M | $31.2M | ||
| Q1 24 | $10.8M | $29.0M |
| Q4 25 | $117.9M | $373.2M | ||
| Q3 25 | $119.0M | $393.4M | ||
| Q2 25 | $115.9M | $373.0M | ||
| Q1 25 | $115.0M | $357.2M | ||
| Q4 24 | $116.4M | $319.8M | ||
| Q3 24 | $116.0M | $319.4M | ||
| Q2 24 | $119.4M | $300.6M | ||
| Q1 24 | $116.2M | $314.0M |
| Q4 25 | $32.6M | $403.5M | ||
| Q3 25 | $60.1M | $396.8M | ||
| Q2 25 | $62.7M | $388.9M | ||
| Q1 25 | $64.6M | $374.3M | ||
| Q4 24 | $58.9M | $386.9M | ||
| Q3 24 | $61.3M | $394.1M | ||
| Q2 24 | $58.0M | $396.9M | ||
| Q1 24 | $56.3M | $400.1M |
| Q4 25 | $495.4M | $928.3M | ||
| Q3 25 | $524.4M | $936.0M | ||
| Q2 25 | $537.2M | $932.2M | ||
| Q1 25 | $536.2M | $877.4M | ||
| Q4 24 | $530.9M | $869.3M | ||
| Q3 24 | $547.4M | $857.0M | ||
| Q2 24 | $560.8M | $823.2M | ||
| Q1 24 | $565.8M | $832.8M |
| Q4 25 | 3.61× | 0.93× | ||
| Q3 25 | 1.98× | 0.99× | ||
| Q2 25 | 1.85× | 0.96× | ||
| Q1 25 | 1.78× | 0.95× | ||
| Q4 24 | 1.98× | 0.83× | ||
| Q3 24 | 1.89× | 0.81× | ||
| Q2 24 | 2.06× | 0.76× | ||
| Q1 24 | 2.06× | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $-64.0K | $18.1M |
| FCF MarginFCF / Revenue | -0.1% | 22.3% |
| Capex IntensityCapex / Revenue | 2.7% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $23.0M | ||
| Q3 25 | $6.3M | $-8.6M | ||
| Q2 25 | $-2.3M | $13.4M | ||
| Q1 25 | $-5.3M | $-4.7M | ||
| Q4 24 | $7.5M | $101.0M | ||
| Q3 24 | $11.4M | $27.5M | ||
| Q2 24 | $-5.3M | $34.8M | ||
| Q1 24 | $4.5M | $11.0M |
| Q4 25 | $-64.0K | $18.1M | ||
| Q3 25 | $3.3M | $-9.5M | ||
| Q2 25 | $-3.8M | $11.6M | ||
| Q1 25 | $-7.5M | $-6.0M | ||
| Q4 24 | $3.7M | $96.6M | ||
| Q3 24 | $8.4M | $25.2M | ||
| Q2 24 | $-8.0M | $33.9M | ||
| Q1 24 | $1.7M | $10.7M |
| Q4 25 | -0.1% | 22.3% | ||
| Q3 25 | 3.2% | -12.6% | ||
| Q2 25 | -3.5% | 15.9% | ||
| Q1 25 | -7.5% | -8.9% | ||
| Q4 24 | 4.0% | 113.6% | ||
| Q3 24 | 9.1% | 34.0% | ||
| Q2 24 | -7.5% | 47.7% | ||
| Q1 24 | 1.5% | 16.2% |
| Q4 25 | 2.7% | 6.0% | ||
| Q3 25 | 2.9% | 1.2% | ||
| Q2 25 | 1.3% | 2.5% | ||
| Q1 25 | 2.2% | 1.9% | ||
| Q4 24 | 4.0% | 5.2% | ||
| Q3 24 | 3.2% | 3.0% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 2.6% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | -4.62× | -1.05× | ||
| Q4 24 | 2.40× | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | -2.64× | 4.98× | ||
| Q1 24 | — | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
