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American Superconductor vs 374Water: revenue, profit, margins and growth compared

American Superconductor brought in $299.2M of revenue in fiscal 2026, 374Water $215K in fiscal 2025. Revenue changed by +34.3% at American Superconductor and -51.7% at 374Water on the year before, so American Superconductor grew faster. American Superconductor kept 44.7% of its revenue as net profit, 374Water -9,754.2%. Free cash flow was $18.3M at American Superconductor and -$16.2M at 374Water.

Side by side, latest fiscal year

AMSCSCWO
Fiscal year endedFY2026 (March 31, 2026)FY2025 (December 31, 2025)
Revenue$299.2M$215K
Revenue growth+34.3%-51.7%
Net income$133.8M-$21M
Net margin44.7%-9,754.2%
Free cash flow$18.3M-$16.2M
Free cash flow margin6.1%-7,544.9%
Earnings per share (diluted)$3.05-$1.38
Cash$140.7M$3.2M
Debtn/an/a
Price to earnings9.8n/a
Market value$1.5B$53.3M
Dividend yieldn/an/a
Rank by revenue in sector#621 of 778 · Consumer discretionary#775 of 778 · Consumer discretionary

Over the years

Revenue
AMSC FY2018: $56.2MAMSC FY2020: $63.8MAMSC FY2021: $87.1MAMSC FY2022: $108.4MAMSC FY2022: $106MAMSC FY2024: $145.6MAMSC FY2025: $222.8MAMSC FY2026: $299.2MSCWO FY2018: $190.1KSCWO FY2019: $24KSCWO FY2020: $86.6KSCWO FY2021: $48.1KSCWO FY2022: $3MSCWO FY2023: $744KSCWO FY2024: $445.4KSCWO FY2025: $215KFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMSC $299.2MSCWO $215K
Net income
AMSC FY2018: $26.8MAMSC FY2020: -$17.1MAMSC FY2021: -$22.7MAMSC FY2022: -$19.2MAMSC FY2022: -$35MAMSC FY2024: -$11.1MAMSC FY2025: $6MAMSC FY2026: $133.8MSCWO FY2018: -$679.1KSCWO FY2019: -$514.9KSCWO FY2020: $40.3KSCWO FY2021: -$3.2MSCWO FY2022: -$4.7MSCWO FY2023: -$8.1MSCWO FY2024: -$12.4MSCWO FY2025: -$21MFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMSC $133.8MSCWO -$21M
Net margin
AMSC FY2018: 47.6%AMSC FY2020: -26.8%AMSC FY2021: -26.0%AMSC FY2022: -17.7%AMSC FY2022: -33.1%AMSC FY2024: -7.6%AMSC FY2025: 2.7%AMSC FY2026: 44.7%SCWO FY2018: -357.2%SCWO FY2019: -2,145.5%SCWO FY2020: 46.6%SCWO FY2021: -6,579.2%SCWO FY2022: -155.5%SCWO FY2023: -1,089.3%SCWO FY2024: -2,791.4%SCWO FY2025: -9,754.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AMSC 44.7%SCWO -9,754.2%
Revenue growth
AMSC FY2020: +13.6%AMSC FY2021: +36.5%AMSC FY2022: +24.5%AMSC FY2022: -2.3%AMSC FY2024: +37.4%AMSC FY2025: +53.0%AMSC FY2026: +34.3%SCWO FY2019: -87.4%SCWO FY2020: +260.7%SCWO FY2021: -44.4%SCWO FY2022: +6,169.3%SCWO FY2023: -75.3%SCWO FY2024: -40.1%SCWO FY2025: -51.7%FY19FY20FY21FY22FY23FY24FY25FY26
AMSC +34.3%SCWO -51.7%
Free cash flow
AMSC FY2018: $41.8MAMSC FY2020: -$20.1MAMSC FY2021: -$10.4MAMSC FY2022: -$19.9MAMSC FY2022: -$23.7MAMSC FY2024: $1.2MAMSC FY2025: $25.9MAMSC FY2026: $18.3MSCWO FY2020: $64.8KSCWO FY2021: -$1.8MSCWO FY2022: -$5.1MSCWO FY2023: -$9.1MSCWO FY2024: -$11.1MSCWO FY2025: -$16.2MFY18FY20FY21FY22FY23FY24FY25FY26
AMSC $18.3MSCWO -$16.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about American Superconductor and 374Water

Which is bigger by revenue, American Superconductor or 374Water?

American Superconductor is bigger by revenue: $299.2M in fiscal 2026, against $215K for 374Water in fiscal 2025.

Which keeps more of its revenue as profit, American Superconductor or 374Water?

American Superconductor had a net margin of 44.7% in fiscal 2026; 374Water had -9,754.2% in fiscal 2025.

Which grew revenue faster, American Superconductor or 374Water?

In their latest fiscal years revenue changed by +34.3% at American Superconductor and -51.7% at 374Water.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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