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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $86.0M, roughly 1.2× Smart Sand, Inc.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -55.2%, a 56.6% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $-64.0K). Over the past eight quarters, Smart Sand, Inc.'s revenue compounded faster (1.8% 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...
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
AP vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $86.0M |
| Net Profit | $-57.7M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | -54.0% | -3.1% |
| Net Margin | -55.2% | 1.4% |
| Revenue YoY | 11.5% | -5.8% |
| Net Profit YoY | -1958.9% | -68.5% |
| EPS (diluted) | $-2.87 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $103.7M | $92.8M | ||
| Q2 25 | $108.9M | $85.8M | ||
| Q1 25 | $99.2M | $65.6M | ||
| Q4 24 | $93.6M | $91.4M | ||
| Q3 24 | $92.1M | $63.2M | ||
| Q2 24 | $107.1M | $73.8M | ||
| Q1 24 | $110.0M | $83.1M |
| Q4 25 | $-57.7M | $1.2M | ||
| Q3 25 | $-2.2M | $3.0M | ||
| Q2 25 | $-7.3M | $21.4M | ||
| Q1 25 | $1.1M | $-24.2M | ||
| Q4 24 | $3.1M | $3.7M | ||
| Q3 24 | $-2.0M | $-98.0K | ||
| Q2 24 | $2.0M | $-430.0K | ||
| Q1 24 | $-2.7M | $-216.0K |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | -54.0% | -3.1% | ||
| Q3 25 | 1.1% | 5.8% | ||
| Q2 25 | -2.8% | -0.1% | ||
| Q1 25 | 3.9% | -10.8% | ||
| Q4 24 | 5.5% | 3.9% | ||
| Q3 24 | 2.0% | -7.8% | ||
| Q2 24 | 4.7% | 4.8% | ||
| Q1 24 | 0.1% | 0.9% |
| Q4 25 | -55.2% | 1.4% | ||
| Q3 25 | -2.1% | 3.2% | ||
| Q2 25 | -6.7% | 24.9% | ||
| Q1 25 | 1.2% | -37.0% | ||
| Q4 24 | 3.3% | 4.1% | ||
| Q3 24 | -2.1% | -0.2% | ||
| Q2 24 | 1.9% | -0.6% | ||
| Q1 24 | -2.5% | -0.3% |
| Q4 25 | $-2.87 | $0.03 | ||
| Q3 25 | $-0.11 | $0.08 | ||
| Q2 25 | $-0.36 | $0.54 | ||
| Q1 25 | $0.06 | $-0.62 | ||
| Q4 24 | $0.16 | $0.10 | ||
| Q3 24 | $-0.10 | $0.00 | ||
| Q2 24 | $0.10 | $-0.01 | ||
| Q1 24 | $-0.14 | $-0.01 |
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 | $22.6M |
| Total DebtLower is stronger | $117.9M | $15.0M |
| Stockholders' EquityBook value | $32.6M | $239.7M |
| Total Assets | $495.4M | $340.0M |
| Debt / EquityLower = less leverage | 3.61× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $22.6M | ||
| Q3 25 | $15.0M | $5.1M | ||
| Q2 25 | $9.9M | $4.3M | ||
| Q1 25 | $7.1M | $5.1M | ||
| Q4 24 | $15.4M | $1.6M | ||
| Q3 24 | $11.8M | $7.2M | ||
| Q2 24 | $7.9M | $6.3M | ||
| Q1 24 | $10.8M | $4.6M |
| Q4 25 | $117.9M | $15.0M | ||
| Q3 25 | $119.0M | $14.3M | ||
| Q2 25 | $115.9M | $23.5M | ||
| Q1 25 | $115.0M | $13.7M | ||
| Q4 24 | $116.4M | $14.7M | ||
| Q3 24 | $116.0M | $15.7M | ||
| Q2 24 | $119.4M | $17.1M | ||
| Q1 24 | $116.2M | $25.5M |
| Q4 25 | $32.6M | $239.7M | ||
| Q3 25 | $60.1M | $239.9M | ||
| Q2 25 | $62.7M | $240.5M | ||
| Q1 25 | $64.6M | $219.9M | ||
| Q4 24 | $58.9M | $243.8M | ||
| Q3 24 | $61.3M | $243.6M | ||
| Q2 24 | $58.0M | $242.9M | ||
| Q1 24 | $56.3M | $242.5M |
| Q4 25 | $495.4M | $340.0M | ||
| Q3 25 | $524.4M | $343.1M | ||
| Q2 25 | $537.2M | $345.8M | ||
| Q1 25 | $536.2M | $326.9M | ||
| Q4 24 | $530.9M | $341.5M | ||
| Q3 24 | $547.4M | $335.8M | ||
| Q2 24 | $560.8M | $341.8M | ||
| Q1 24 | $565.8M | $349.3M |
| Q4 25 | 3.61× | 0.06× | ||
| Q3 25 | 1.98× | 0.06× | ||
| Q2 25 | 1.85× | 0.10× | ||
| Q1 25 | 1.78× | 0.06× | ||
| Q4 24 | 1.98× | 0.06× | ||
| Q3 24 | 1.89× | 0.06× | ||
| Q2 24 | 2.06× | 0.07× | ||
| Q1 24 | 2.06× | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $-64.0K | $20.4M |
| FCF MarginFCF / Revenue | -0.1% | 23.7% |
| Capex IntensityCapex / Revenue | 2.7% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $22.4M | ||
| Q3 25 | $6.3M | $18.2M | ||
| Q2 25 | $-2.3M | $-5.1M | ||
| Q1 25 | $-5.3M | $8.7M | ||
| Q4 24 | $7.5M | $1.0M | ||
| Q3 24 | $11.4M | $5.8M | ||
| Q2 24 | $-5.3M | $14.9M | ||
| Q1 24 | $4.5M | $-3.9M |
| Q4 25 | $-64.0K | $20.4M | ||
| Q3 25 | $3.3M | $14.8M | ||
| Q2 25 | $-3.8M | $-7.8M | ||
| Q1 25 | $-7.5M | $5.2M | ||
| Q4 24 | $3.7M | $-840.0K | ||
| Q3 24 | $8.4M | $3.7M | ||
| Q2 24 | $-8.0M | $13.5M | ||
| Q1 24 | $1.7M | $-5.5M |
| Q4 25 | -0.1% | 23.7% | ||
| Q3 25 | 3.2% | 15.9% | ||
| Q2 25 | -3.5% | -9.1% | ||
| Q1 25 | -7.5% | 7.9% | ||
| Q4 24 | 4.0% | -0.9% | ||
| Q3 24 | 9.1% | 5.8% | ||
| Q2 24 | -7.5% | 18.3% | ||
| Q1 24 | 1.5% | -6.6% |
| Q4 25 | 2.7% | 2.3% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 1.3% | 3.1% | ||
| Q1 25 | 2.2% | 5.4% | ||
| Q4 24 | 4.0% | 2.1% | ||
| Q3 24 | 3.2% | 3.4% | ||
| Q2 24 | 2.5% | 1.8% | ||
| Q1 24 | 2.6% | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | 0.28× | ||
| 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% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
