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Side-by-side financial comparison of LanzaTech Global, Inc. (LNZA) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

LanzaTech Global, Inc. is the larger business by last-quarter revenue ($28.0M vs $19.1M, roughly 1.5× Americas Gold & Silver Corp). LanzaTech Global, Inc. runs the higher net margin — -0.3% vs -82.3%, a 82.0% gap on every dollar of revenue. On growth, LanzaTech Global, Inc. posted the faster year-over-year revenue change (132.7% vs -28.0%). LanzaTech Global, Inc. produced more free cash flow last quarter ($-6.4M vs $-41.3M).

LanzaTech Global, Inc. is a sustainable biotechnology company that develops proprietary carbon recycling technology to convert waste carbon emissions from industrial facilities, manufacturing sites and other sources into low-carbon fuels, chemicals and commercial materials. It operates globally across industrial, energy and consumer goods sectors, partnering with enterprises to reduce carbon footprints and advance circular economy goals.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

LNZA vs USAS — Head-to-Head

Bigger by revenue
LNZA
LNZA
1.5× larger
LNZA
$28.0M
$19.1M
USAS
Growing faster (revenue YoY)
LNZA
LNZA
+160.8% gap
LNZA
132.7%
-28.0%
USAS
Higher net margin
LNZA
LNZA
82.0% more per $
LNZA
-0.3%
-82.3%
USAS
More free cash flow
LNZA
LNZA
$34.9M more FCF
LNZA
$-6.4M
$-41.3M
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LNZA
LNZA
USAS
USAS
Revenue
$28.0M
$19.1M
Net Profit
$-84.0K
$-15.7M
Gross Margin
34.2%
Operating Margin
-0.7%
Net Margin
-0.3%
-82.3%
Revenue YoY
132.7%
-28.0%
Net Profit YoY
99.7%
2.8%
EPS (diluted)
$-23.01

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.

Revenue
LNZA
LNZA
USAS
USAS
Q4 25
$28.0M
Q3 25
$9.3M
$19.1M
Q2 25
$9.1M
Q1 25
$9.5M
Q4 24
$12.0M
Q3 24
$9.9M
$26.5M
Q2 24
$17.4M
Q1 24
$10.2M
Net Profit
LNZA
LNZA
USAS
USAS
Q4 25
$-84.0K
Q3 25
$2.9M
$-15.7M
Q2 25
$-32.5M
Q1 25
$-19.2M
Q4 24
$-27.0M
Q3 24
$-57.4M
$-16.2M
Q2 24
$-27.8M
Q1 24
$-25.5M
Gross Margin
LNZA
LNZA
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
LNZA
LNZA
USAS
USAS
Q4 25
-0.7%
Q3 25
-168.7%
Q2 25
-354.9%
Q1 25
-327.5%
Q4 24
-224.6%
Q3 24
-331.5%
Q2 24
-131.2%
Q1 24
-255.3%
Net Margin
LNZA
LNZA
USAS
USAS
Q4 25
-0.3%
Q3 25
30.8%
-82.3%
Q2 25
-357.8%
Q1 25
-202.8%
Q4 24
-224.4%
Q3 24
-577.6%
-60.9%
Q2 24
-160.0%
Q1 24
-249.0%
EPS (diluted)
LNZA
LNZA
USAS
USAS
Q4 25
$-23.01
Q3 25
$0.99
Q2 25
$-0.15
Q1 25
$-0.10
Q4 24
$-40.40
Q3 24
$-29.04
Q2 24
$-0.14
Q1 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LNZA
LNZA
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$13.2M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-3.9M
$50.2M
Total Assets
$100.2M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LNZA
LNZA
USAS
USAS
Q4 25
$13.2M
Q3 25
$19.6M
$39.1M
Q2 25
$37.4M
Q1 25
$13.8M
Q4 24
$43.5M
Q3 24
$58.7M
Q2 24
$62.2M
Q1 24
$56.7M
Stockholders' Equity
LNZA
LNZA
USAS
USAS
Q4 25
$-3.9M
Q3 25
$-5.0M
$50.2M
Q2 25
$-25.2M
Q1 25
$-1.2M
Q4 24
$13.4M
Q3 24
$13.6M
$53.1M
Q2 24
$67.5M
Q1 24
$91.8M
Total Assets
LNZA
LNZA
USAS
USAS
Q4 25
$100.2M
Q3 25
$99.3M
$234.7M
Q2 25
$116.3M
Q1 25
$125.8M
Q4 24
$174.7M
Q3 24
$216.2M
Q2 24
$211.9M
Q1 24
$214.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LNZA
LNZA
USAS
USAS
Operating Cash FlowLast quarter
$-6.2M
$-12.5M
Free Cash FlowOCF − Capex
$-6.4M
$-41.3M
FCF MarginFCF / Revenue
-22.8%
-216.5%
Capex IntensityCapex / Revenue
0.8%
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-66.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LNZA
LNZA
USAS
USAS
Q4 25
$-6.2M
Q3 25
$-15.9M
$-12.5M
Q2 25
$-21.7M
Q1 25
$-21.1M
Q4 24
$-19.7M
Q3 24
$-26.4M
$2.4M
Q2 24
$-14.7M
Q1 24
$-28.3M
Free Cash Flow
LNZA
LNZA
USAS
USAS
Q4 25
$-6.4M
Q3 25
$-16.0M
$-41.3M
Q2 25
$-21.9M
Q1 25
$-21.8M
Q4 24
$-21.4M
Q3 24
$-26.7M
$-11.2M
Q2 24
$-16.4M
Q1 24
$-29.8M
FCF Margin
LNZA
LNZA
USAS
USAS
Q4 25
-22.8%
Q3 25
-172.9%
-216.5%
Q2 25
-240.9%
Q1 25
-230.0%
Q4 24
-178.1%
Q3 24
-268.8%
-42.2%
Q2 24
-94.6%
Q1 24
-290.6%
Capex Intensity
LNZA
LNZA
USAS
USAS
Q4 25
0.8%
Q3 25
1.8%
150.8%
Q2 25
1.8%
Q1 25
7.5%
Q4 24
14.6%
Q3 24
2.9%
51.2%
Q2 24
10.3%
Q1 24
14.4%
Cash Conversion
LNZA
LNZA
USAS
USAS
Q4 25
Q3 25
-5.55×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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