American Superconductor Corp Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
American Superconductor Corp has an operating margin of -0.5%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -7.8% the prior year.
American Superconductor Corp's revenue surged 53.0% year-over-year to $222.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
American Superconductor Corp carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
American Superconductor Corp's current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
American Superconductor Corp has a free cash flow margin of 11.6%, earning a moderate score of 58/100. The company generates positive cash flow after capital investments, but with room for improvement.
American Superconductor Corp generates a 3.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100.
American Superconductor Corp passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, American Superconductor Corp generates $4.69 in operating cash flow ($28.3M OCF vs $6.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows American Superconductor Corp (AMSC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
American Superconductor Corp generated $222.8M in revenue in fiscal year 2025. This represents an increase of 53.0% from the prior year.
American Superconductor Corp's EBITDA was $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 165.2% from the prior year.
American Superconductor Corp generated $25.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2048.7% from the prior year.
American Superconductor Corp reported $6.0M in net income in fiscal year 2025. This represents an increase of 154.3% from the prior year.
American Superconductor Corp earned $0.16 per diluted share (EPS) in fiscal year 2025. This represents an increase of 143.2% from the prior year.
American Superconductor Corp held $79.5M in cash against $0 in long-term debt as of fiscal year 2025.
American Superconductor Corp had 39M shares outstanding in fiscal year 2025. This represents an increase of 6.9% from the prior year.
American Superconductor Corp's gross margin was 27.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.5 percentage points from the prior year.
American Superconductor Corp's operating margin was -0.5% in fiscal year 2025, reflecting core business profitability. This is up 7.3 percentage points from the prior year.
American Superconductor Corp's net profit margin was 2.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.3 percentage points from the prior year.
American Superconductor Corp's ROE was 3.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
American Superconductor Corp invested $11.4M in research and development in fiscal year 2025. This represents an increase of 43.0% from the prior year.
American Superconductor Corp spent $126K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
American Superconductor Corp invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 158.6% from the prior year.
AMSC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $74.5M+13.2% | $65.9M-9.0% | $72.4M+17.8% | $61.4M+12.7% | $54.5M+35.2% | $40.3M+2.4% | $39.4M+15.7% | $34.0M |
| Cost of Revenue | $51.7M+13.8% | $45.4M-5.1% | $47.9M+6.2% | $45.1M+16.0% | $38.9M+38.5% | $28.1M-4.4% | $29.4M+15.5% | $25.4M |
| Gross Profit | $22.9M+11.8% | $20.4M-16.5% | $24.5M+50.0% | $16.3M+4.6% | $15.6M+27.7% | $12.2M+22.4% | $10.0M+16.3% | $8.6M |
| R&D Expenses | $3.5M-5.0% | $3.7M-13.4% | $4.3M+43.5% | $3.0M+13.4% | $2.6M+15.7% | $2.3M+4.0% | $2.2M+34.0% | $1.6M |
| SG&A Expenses | $15.4M+15.2% | $13.4M-5.6% | $14.2M+22.8% | $11.6M+9.9% | $10.5M+18.3% | $8.9M+13.6% | $7.8M-1.4% | $7.9M |
| Operating Income | $3.4M+13.3% | $3.0M-47.5% | $5.6M+329.2% | $1.3M+274.6% | -$753K+77.1% | -$3.3M-128.9% | -$1.4M+39.3% | -$2.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$112.4M-96145.3% | $117K-41.2% | $199K+361.8% | -$76K+98.5% | -$5.0M-2685.5% | $193K+206.3% | $63K-40.6% | $106K |
| Net Income | $117.8M+2380.1% | $4.8M-29.4% | $6.7M+172.8% | $2.5M-49.6% | $4.9M+293.6% | -$2.5M-53.1% | -$1.6M+33.6% | -$2.5M |
| EPS (Diluted) | $2.62+2281.8% | $0.11-35.3% | $0.17+183.3% | $0.06-53.8% | $0.13+285.7% | $-0.07-16.7% | $-0.06+33.3% | $-0.09 |
AMSC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $719.5M+61.5% | $445.6M-1.6% | $452.8M+45.9% | $310.3M+4.0% | $298.4M+24.3% | $240.1M+44.4% | $166.3M-2.9% | $171.3M |
| Current Assets | $325.0M-5.2% | $342.9M-1.7% | $348.9M+69.8% | $205.4M+5.3% | $195.1M+12.7% | $173.0M+72.7% | $100.2M-3.8% | $104.1M |
| Cash & Equivalents | $141.1M-33.7% | $212.9M+2.4% | $207.9M+176.4% | $75.2M+4.3% | $72.1M-22.8% | $93.5M+289.7% | $24.0M+5.1% | $22.8M |
| Inventory | $105.4M+39.7% | $75.5M+5.4% | $71.6M-4.0% | $74.6M+5.2% | $70.9M+57.0% | $45.1M+2.2% | $44.2M-7.6% | $47.8M |
| Accounts Receivable | $62.6M0.0% | $62.6M+14.4% | $54.7M+23.9% | $44.1M+10.2% | $40.1M+70.3% | $23.5M-4.8% | $24.7M-10.1% | $27.5M |
| Goodwill | $166.4M+245.4% | $48.2M0.0% | $48.2M-1.6% | $49.0M0.0% | $49.0M+12.6% | $43.5M0.0% | $43.5M0.0% | $43.5M |
| Total Liabilities | $182.7M+76.7% | $103.4M-13.6% | $119.7M+1.8% | $117.6M+5.5% | $111.4M+15.1% | $96.8M+11.5% | $86.8M-8.1% | $94.4M |
| Current Liabilities | $122.0M+38.9% | $87.8M-16.6% | $105.3M+0.8% | $104.4M+9.8% | $95.1M+10.3% | $86.2M+11.1% | $77.6M-9.0% | $85.3M |
| Long-Term Debt | $6.1M | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
| Total Equity | $536.8M+56.9% | $342.2M+2.7% | $333.1M+72.9% | $192.7M+3.0% | $187.0M+30.5% | $143.3M+80.3% | $79.5M+3.4% | $76.9M |
| Retained Earnings | -$931.3M+11.2% | -$1.0B+0.5% | -$1.1B+0.7% | -$1.1B+0.2% | -$1.1B+0.5% | -$1.1B-0.4% | -$1.1B-0.2% | -$1.1B |
AMSC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.2M-49.9% | $6.5M+57.3% | $4.1M-29.8% | $5.9M-53.8% | $12.7M+272.9% | $3.4M+172.5% | $1.3M+39.5% | $897K |
| Capital Expenditures | $893K-35.8% | $1.4M+71.0% | $814K+55.3% | $524K-10.7% | $587K+121.5% | $265K+29.3% | $205K-5.1% | $216K |
| Free Cash Flow | $2.4M-53.8% | $5.1M+53.9% | $3.3M-38.1% | $5.3M-55.9% | $12.1M+285.7% | $3.1M+200.6% | $1.0M+53.6% | $681K |
| Investing Cash Flow | -$73.1M-5170.0% | -$1.4M-88.8% | -$735K-27.8% | -$575K+98.3% | -$33.5M-167245.0% | -$20K+90.1% | -$203K-38.1% | -$147K |
| Financing Cash Flow | -$960K-496.7% | $242K-99.8% | $124.6M | $0 | $0+100.0% | -$142K-787.5% | -$16K-113.3% | $120K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | $0 | N/A | $0 | $0 | N/A |
AMSC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.7%-0.4pp | 31.0%-2.8pp | 33.8%+7.2pp | 26.6%-2.1pp | 28.7%-1.7pp | 30.3%+5.0pp | 25.4%+0.1pp | 25.3% |
| Operating Margin | 4.5%+0.0pp | 4.5%-3.3pp | 7.8%+5.7pp | 2.1%+3.5pp | -1.4%+6.8pp | -8.2%-4.5pp | -3.6%+3.3pp | -7.0% |
| Net Margin | 158.1%+150.9pp | 7.2%-2.1pp | 9.3%+5.3pp | 4.0%-5.0pp | 9.0%+15.2pp | -6.3%-2.1pp | -4.2%+3.1pp | -7.3% |
| Return on Equity | 21.9%+20.6pp | 1.4%-0.6pp | 2.0%+0.7pp | 1.3%-1.3pp | 2.6% | N/A | N/A | N/A |
| Return on Assets | 16.4%+15.3pp | 1.1%-0.4pp | 1.5%+0.7pp | 0.8%-0.9pp | 1.6%+2.7pp | -1.1%-0.1pp | -1.0%+0.5pp | -1.5% |
| Current Ratio | 2.66-1.2 | 3.90+0.6 | 3.31+1.3 | 1.97-0.1 | 2.05+0.0 | 2.01+0.7 | 1.29+0.1 | 1.22 |
| Debt-to-Equity | 0.01-0.3 | 0.30-0.1 | 0.36-0.3 | 0.61+0.0 | 0.60-0.1 | 0.68+0.7 | 0.000.0 | 0.00 |
| FCF Margin | 3.2%-4.6pp | 7.7%+3.2pp | 4.6%-4.1pp | 8.7%-13.6pp | 22.3%+14.5pp | 7.8%+5.1pp | 2.7%+0.7pp | 2.0% |
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Frequently Asked Questions
What is American Superconductor Corp's annual revenue?
American Superconductor Corp (AMSC) reported $222.8M in total revenue for fiscal year 2025. This represents a 53.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is American Superconductor Corp's revenue growing?
American Superconductor Corp (AMSC) revenue grew by 53% year-over-year, from $145.6M to $222.8M in fiscal year 2025.
Is American Superconductor Corp profitable?
Yes, American Superconductor Corp (AMSC) reported a net income of $6.0M in fiscal year 2025, with a net profit margin of 2.7%.
What is American Superconductor Corp's earnings per share (EPS)?
American Superconductor Corp (AMSC) reported diluted earnings per share of $0.16 for fiscal year 2025. This represents a 143.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is American Superconductor Corp's EBITDA?
American Superconductor Corp (AMSC) had EBITDA of $4.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does American Superconductor Corp have?
As of fiscal year 2025, American Superconductor Corp (AMSC) had $79.5M in cash and equivalents against $0 in long-term debt.
What is American Superconductor Corp's gross margin?
American Superconductor Corp (AMSC) had a gross margin of 27.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is American Superconductor Corp's operating margin?
American Superconductor Corp (AMSC) had an operating margin of -0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is American Superconductor Corp's net profit margin?
American Superconductor Corp (AMSC) had a net profit margin of 2.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is American Superconductor Corp's return on equity (ROE)?
American Superconductor Corp (AMSC) has a return on equity of 3.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is American Superconductor Corp's free cash flow?
American Superconductor Corp (AMSC) generated $25.9M in free cash flow during fiscal year 2025. This represents a 2048.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is American Superconductor Corp's operating cash flow?
American Superconductor Corp (AMSC) generated $28.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are American Superconductor Corp's total assets?
American Superconductor Corp (AMSC) had $310.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are American Superconductor Corp's capital expenditures?
American Superconductor Corp (AMSC) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does American Superconductor Corp spend on research and development?
American Superconductor Corp (AMSC) invested $11.4M in research and development during fiscal year 2025.
Does American Superconductor Corp buy back shares?
Yes, American Superconductor Corp (AMSC) spent $126K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does American Superconductor Corp have outstanding?
American Superconductor Corp (AMSC) had 39M shares outstanding as of fiscal year 2025.
What is American Superconductor Corp's current ratio?
American Superconductor Corp (AMSC) had a current ratio of 2.07 as of fiscal year 2025, which is generally considered healthy.
What is American Superconductor Corp's debt-to-equity ratio?
American Superconductor Corp (AMSC) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is American Superconductor Corp's return on assets (ROA)?
American Superconductor Corp (AMSC) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is American Superconductor Corp's Piotroski F-Score?
American Superconductor Corp (AMSC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are American Superconductor Corp's earnings high quality?
American Superconductor Corp (AMSC) has an earnings quality ratio of 4.69x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is American Superconductor Corp?
American Superconductor Corp (AMSC) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.