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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Vericel Corp (VCEL). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $92.9M, roughly 1.1× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs -55.2%, a 80.3% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 11.5%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $-64.0K). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% 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...
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
AP vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $92.9M |
| Net Profit | $-57.7M | $23.2M |
| Gross Margin | — | 78.7% |
| Operating Margin | -54.0% | 24.1% |
| Net Margin | -55.2% | 25.0% |
| Revenue YoY | 11.5% | 23.3% |
| Net Profit YoY | -1958.9% | 17.3% |
| EPS (diluted) | $-2.87 | $0.46 |
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 | $92.9M | ||
| Q3 25 | $103.7M | $67.5M | ||
| Q2 25 | $108.9M | $63.2M | ||
| Q1 25 | $99.2M | $52.6M | ||
| Q4 24 | $93.6M | $75.4M | ||
| Q3 24 | $92.1M | $57.9M | ||
| Q2 24 | $107.1M | $52.7M | ||
| Q1 24 | $110.0M | $51.3M |
| Q4 25 | $-57.7M | $23.2M | ||
| Q3 25 | $-2.2M | $5.1M | ||
| Q2 25 | $-7.3M | $-553.0K | ||
| Q1 25 | $1.1M | $-11.2M | ||
| Q4 24 | $3.1M | $19.8M | ||
| Q3 24 | $-2.0M | $-901.0K | ||
| Q2 24 | $2.0M | $-4.7M | ||
| Q1 24 | $-2.7M | $-3.9M |
| Q4 25 | — | 78.7% | ||
| Q3 25 | — | 73.5% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 69.0% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 71.9% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 68.9% |
| Q4 25 | -54.0% | 24.1% | ||
| Q3 25 | 1.1% | 5.1% | ||
| Q2 25 | -2.8% | -3.2% | ||
| Q1 25 | 3.9% | -24.3% | ||
| Q4 24 | 5.5% | 24.5% | ||
| Q3 24 | 2.0% | -4.3% | ||
| Q2 24 | 4.7% | -11.5% | ||
| Q1 24 | 0.1% | -10.7% |
| Q4 25 | -55.2% | 25.0% | ||
| Q3 25 | -2.1% | 7.5% | ||
| Q2 25 | -6.7% | -0.9% | ||
| Q1 25 | 1.2% | -21.4% | ||
| Q4 24 | 3.3% | 26.3% | ||
| Q3 24 | -2.1% | -1.6% | ||
| Q2 24 | 1.9% | -8.9% | ||
| Q1 24 | -2.5% | -7.5% |
| Q4 25 | $-2.87 | $0.46 | ||
| Q3 25 | $-0.11 | $0.10 | ||
| Q2 25 | $-0.36 | $-0.01 | ||
| Q1 25 | $0.06 | $-0.23 | ||
| Q4 24 | $0.16 | $0.40 | ||
| Q3 24 | $-0.10 | $-0.02 | ||
| Q2 24 | $0.10 | $-0.10 | ||
| 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 | $137.5M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $354.6M |
| Total Assets | $495.4M | $488.0M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $137.5M | ||
| Q3 25 | $15.0M | $135.4M | ||
| Q2 25 | $9.9M | $116.9M | ||
| Q1 25 | $7.1M | $112.9M | ||
| Q4 24 | $15.4M | $116.2M | ||
| Q3 24 | $11.8M | $101.7M | ||
| Q2 24 | $7.9M | $102.5M | ||
| Q1 24 | $10.8M | $110.6M |
| 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 | $354.6M | ||
| Q3 25 | $60.1M | $321.9M | ||
| Q2 25 | $62.7M | $306.8M | ||
| Q1 25 | $64.6M | $295.5M | ||
| Q4 24 | $58.9M | $292.0M | ||
| Q3 24 | $61.3M | $257.5M | ||
| Q2 24 | $58.0M | $243.0M | ||
| Q1 24 | $56.3M | $233.9M |
| Q4 25 | $495.4M | $488.0M | ||
| Q3 25 | $524.4M | $453.3M | ||
| Q2 25 | $537.2M | $435.6M | ||
| Q1 25 | $536.2M | $424.6M | ||
| Q4 24 | $530.9M | $432.7M | ||
| Q3 24 | $547.4M | $390.4M | ||
| Q2 24 | $560.8M | $376.8M | ||
| Q1 24 | $565.8M | $356.7M |
| 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 | $15.0M |
| Free Cash FlowOCF − Capex | $-64.0K | $12.8M |
| FCF MarginFCF / Revenue | -0.1% | 13.8% |
| Capex IntensityCapex / Revenue | 2.7% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $15.0M | ||
| Q3 25 | $6.3M | $22.1M | ||
| Q2 25 | $-2.3M | $8.2M | ||
| Q1 25 | $-5.3M | $6.6M | ||
| Q4 24 | $7.5M | $22.2M | ||
| Q3 24 | $11.4M | $10.2M | ||
| Q2 24 | $-5.3M | $18.5M | ||
| Q1 24 | $4.5M | $7.2M |
| Q4 25 | $-64.0K | $12.8M | ||
| Q3 25 | $3.3M | $19.5M | ||
| Q2 25 | $-3.8M | $81.0K | ||
| Q1 25 | $-7.5M | $-7.6M | ||
| Q4 24 | $3.7M | $8.5M | ||
| Q3 24 | $8.4M | $-9.2M | ||
| Q2 24 | $-8.0M | $1.8M | ||
| Q1 24 | $1.7M | $-6.8M |
| Q4 25 | -0.1% | 13.8% | ||
| Q3 25 | 3.2% | 28.8% | ||
| Q2 25 | -3.5% | 0.1% | ||
| Q1 25 | -7.5% | -14.5% | ||
| Q4 24 | 4.0% | 11.2% | ||
| Q3 24 | 9.1% | -15.9% | ||
| Q2 24 | -7.5% | 3.4% | ||
| Q1 24 | 1.5% | -13.3% |
| Q4 25 | 2.7% | 2.4% | ||
| Q3 25 | 2.9% | 3.9% | ||
| Q2 25 | 1.3% | 12.9% | ||
| Q1 25 | 2.2% | 27.0% | ||
| Q4 24 | 4.0% | 18.3% | ||
| Q3 24 | 3.2% | 33.5% | ||
| Q2 24 | 2.5% | 31.8% | ||
| Q1 24 | 2.6% | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | 1.12× | ||
| 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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
