NASDAQ : AMSC
American Superconductor Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 27.05 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.31B
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Financial statements
American Superconductor Corporation (AMSC) reported revenue of 320.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 320.87M | 299.15M | 222.82M | 145.64M | 105.98M | 108.44M |
| Cost of Revenue | 227.75M | 206.98M | 160.96M | 110.36M | 97.46M | 94.34M |
| Gross Profit | 93.12M | 92.18M | 61.85M | 35.28M | 8.52M | 14.09M |
| Selling, General & Admin | 60.82M | 56.40M | 43.09M | 31.60M | 28.70M | 27.49M |
| Research & Development | 15.37M | 15.74M | 11.43M | 7.99M | 8.97M | 10.47M |
| Amortization of Goodwill & Intangibles | 2.50M | 2.37M | 1.73M | 2.15M | 2.75M | 2.47M |
| Operating Expenses | 78.68M | 74.52M | 56.25M | 41.74M | 40.41M | 40.43M |
| Operating Income | 14.43M | 17.66M | 5.61M | -6.46M | -31.89M | -26.34M |
| Interest & Investment Income | 6.96M | 6.36M | 3.71M | 1.30M | 252.00K | 75.00K |
| Currency Exchange Gain (Loss) | -1.10M | -1.10M | -700.00K | -700.00K | ||
| Other Non Operating Income (Expenses) | -918.00K | 46.00K | 435.00K | -36.00K | -148.00K | -28.00K |
| EBT Excluding Unusual Items | 19.38M | 22.96M | 9.05M | -5.89M | -31.79M | -26.29M |
| Merger & Restructuring Charges | -2.74M | -2.04M | 14.00K | -1.05M | -600.00K | |
| Gain (Loss) on Sale of Assets | -1.92M | |||||
| Other Unusual Items | 3.94M | -4.17M | -6.68M | -4.92M | -70.00K | 5.85M |
| Pretax Income | 20.58M | 16.75M | 2.37M | -10.80M | -34.83M | -21.04M |
| Income Tax Expense | -116.00M | -117.06M | -3.67M | 309.00K | 215.00K | -1.85M |
| Net Income | 136.57M | 133.81M | 6.03M | -11.11M | -35.04M | -19.19M |
| Net Income to Common | 136.57M | 133.81M | 6.03M | -11.11M | -35.04M | -19.19M |
| Shares Outstanding (Basic) | 44.73M | 42.95M | 36.99M | 29.82M | 27.85M | 27.20M |
| Shares Outstanding (Diluted) | 45.75M | 43.90M | 37.72M | 29.82M | 27.85M | 27.20M |
| EPS (Basic) | 3.05 | 3.12 | 0.16 | -0.37 | -1.26 | -0.71 |
| EPS (Diluted) | 2.99 | 3.05 | 0.16 | -0.37 | -1.26 | -0.71 |
| Free Cash Flow | 20.52M | 18.26M | 25.87M | 1.20M | -23.72M | -19.91M |
| Free Cash Flow Per Share | 0.45 | 0.42 | 0.69 | 0.04 | -0.85 | -0.73 |
| Gross Margin | 29.02% | 30.81% | 27.76% | 24.23% | 8.04% | 13.00% |
| Operating Margin | 4.50% | 5.90% | 2.52% | -4.44% | -30.09% | -24.29% |
| Profit Margin | 42.56% | 44.73% | 2.71% | -7.63% | -33.06% | -17.70% |
| Free Cash Flow Margin | 6.40% | 6.10% | 11.61% | 0.83% | -22.38% | -18.37% |
| EBITDA | 23.24M | 25.05M | 11.16M | -1.97M | -26.53M | -21.00M |
| EBITDA Margin | 7.24% | 8.37% | 5.01% | -1.35% | -25.03% | -19.36% |
| D&A For EBITDA | 8.80M | 7.39M | 5.56M | 4.49M | 5.36M | 5.34M |
| EBIT | 14.43M | 17.66M | 5.61M | -6.46M | -31.89M | -26.34M |
| EBIT Margin | 4.50% | 5.90% | 2.51% | -4.44% | -30.09% | -24.29% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 143.71M | 140.69M | 79.49M | 90.52M | 23.36M | 40.58M |
| Cash & Short-Term Investments | 143.71M | 140.69M | 79.49M | 90.52M | 23.36M | 40.58M |
| Accounts Receivable | 80.74M | 69.38M | 46.19M | 26.32M | 30.66M | 20.28M |
| Receivables | 80.74M | 69.38M | 46.19M | 26.32M | 30.66M | 20.28M |
| Inventory | 98.02M | 103.75M | 71.17M | 41.86M | 36.99M | 23.67M |
| Prepaid Expenses | 16.27M | 14.37M | 8.05M | 7.29M | 13.43M | 7.05M |
| Restricted Cash | 3.79M | 3.55M | 1.61M | 468.00K | 1.73M | 2.75M |
| Total Current Assets | 342.51M | 331.74M | 206.52M | 166.47M | 106.17M | 94.34M |
| Property, Plant & Equipment | 102.50M | 93.67M | 42.40M | 13.42M | 15.17M | 17.16M |
| Long-Term Investments | 1.38M | 1.33M | 1.11M | |||
| Goodwill | 176.68M | 175.38M | 48.16M | 43.47M | 43.47M | 43.47M |
| Other Intangible Assets | 12.68M | 13.55M | 5.92M | 6.37M | 8.53M | 11.31M |
| Long-Term Deferred Tax Assets | 119.75M | 119.47M | 1.18M | 1.12M | 1.11M | 1.22M |
| Other Long-Term Assets | 6.71M | 4.34M | 5.23M | 1.93M | 1.11M | 6.39M |
| Total Assets | 762.22M | 739.48M | 310.52M | 232.77M | 175.56M | 173.89M |
| Accounts Payable | 18.20M | 13.02M | 6.73M | 4.48M | 13.94M | 13.19M |
| Accrued Expenses | 21.67M | 24.71M | 20.94M | 14.68M | 11.57M | 9.68M |
| Current Portion of Long-Term Debt | 25.00K | 75.00K | 65.00K | |||
| Current Portion of Leases | 1.33M | 1.24M | 685.00K | 716.00K | 808.00K | 747.00K |
| Current Income Taxes Payable | 1.61M | 641.00K | 305.00K | 346.00K | 409.00K | 405.00K |
| Current Unearned Revenue | 84.90M | 77.94M | 66.80M | 50.73M | 43.57M | 22.81M |
| Other Current Liabilities | 13.18M | 20.98M | 4.30M | 7.83M | 13.74M | 7.07M |
| Total Current Liabilities | 140.88M | 138.53M | 99.76M | 78.81M | 84.11M | 53.96M |
| Long-Term Debt | 15.00K | 89.00K | ||||
| Long-Term Leases | 2.57M | 2.76M | 2.68M | 1.97M | 2.18M | 2.90M |
| Long-Term Unearned Revenue | 17.72M | 15.39M | 9.34M | 7.10M | 7.19M | 7.22M |
| Long-Term Deferred Tax Liabilities | 1.59M | 300.00K | 243.00K | 297.00K | ||
| Other Long-Term Liabilities | 28.57M | 27.35M | 28.00K | 27.00K | 26.00K | 25.00K |
| Total Liabilities | 189.74M | 184.03M | 113.41M | 88.20M | 93.76M | 64.50M |
| Common Stock | 489.00K | 480.00K | 399.00K | 373.00K | 299.00K | 289.00K |
| Additional Paid-In Capital | 1.49B | 1.48B | 1.26B | 1.21B | 1.14B | 1.13B |
| Retained Earnings | -917.33M | -926.82M | -1.06B | -1.07B | -1.06B | -1.02B |
| Treasury Stock | -3.77M | -3.77M | -3.77M | -3.64M | -3.64M | -3.64M |
| Comprehensive Income & Other | 5.77M | 4.07M | 1.56M | 1.58M | 1.57M | -291.00K |
| Shareholders' Equity | 572.47M | 555.45M | 197.11M | 144.57M | 81.80M | 109.39M |
| Total Liabilities & Equity | 762.22M | 739.48M | 310.52M | 232.77M | 175.56M | 173.89M |
| Total Debt | 3.90M | 4.00M | 3.37M | 2.71M | 3.08M | 3.80M |
| Net Cash (Debt) | 139.81M | 136.69M | 76.12M | 87.81M | 20.28M | 36.78M |
| Net Cash Per Share | 3.06 | 3.11 | 2.02 | 2.94 | 0.73 | 1.35 |
| Filing Date Shares Outstanding | 48.44M | 47.69M | 39.50M | 36.99M | 29.60M | 28.52M |
| Total Common Shares Outstanding | 48.45M | 47.63M | 39.48M | 36.95M | 29.54M | 28.52M |
| Working Capital | 201.63M | 193.21M | 106.75M | 87.66M | 22.07M | 40.37M |
| Book Value Per Share | 11.82 | 11.66 | 4.99 | 3.91 | 2.77 | 3.84 |
| Tangible Book Value | 383.12M | 366.52M | 143.03M | 94.73M | 29.80M | 54.61M |
| Tangible Book Value Per Share | 7.91 | 7.69 | 3.62 | 2.56 | 1.01 | 1.91 |
| Land | 41.59M | 37.77M | 22.65M | 980.00K | 980.00K | 980.00K |
| Buildings | 34.89M | 30.99M | 7.53M | 5.42M | 5.42M | 5.27M |
| Machinery | 63.84M | 61.97M | 49.45M | 45.62M | 44.69M | 45.05M |
| Construction In Progress | 2.44M | 1.48M | 1.37M | 226.00K | 748.00K | 573.00K |
| Leasehold Improvements | 8.29M | 8.28M | 7.97M | 6.99M | 6.82M | 6.63M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 136.57M | 133.81M | 6.03M | -11.11M | -35.04M | -19.19M |
| Depreciation & Amortization | 9.88M | 8.45M | 6.54M | 4.82M | 5.36M | 5.34M |
| Loss (Gain) From Sale of Assets | 1.92M | |||||
| Loss (Gain) on Equity Investments | 27.00K | -220.00K | 132.00K | |||
| Stock-Based Compensation | 16.61M | 15.87M | 7.79M | 4.65M | 4.73M | 4.66M |
| Other Operating Activities | -118.86M | -110.70M | 3.28M | 7.00M | 1.94M | -6.06M |
| Change in Accounts Receivable | -18.90M | -16.29M | -3.21M | 4.34M | -10.36M | -3.76M |
| Change in Inventory | -968.00K | -6.96M | -7.71M | -6.84M | -14.80M | -3.31M |
| Change in Accounts Payable | 5.54M | 7.14M | 3.21M | -13.50M | 8.66M | 4.70M |
| Change in Unearned Revenue | 3.18M | -6.85M | 13.24M | 7.12M | 20.86M | -933.00K |
| Change in Other Net Operating Assets | 1.96M | -1.10M | -1.02M | 5.67M | -5.76M | -420.00K |
| Operating Cash Flow | 35.04M | 23.15M | 28.29M | 2.14M | -22.48M | -18.98M |
| Capital Expenditures | -14.51M | -4.89M | -2.42M | -934.00K | -1.24M | -938.00K |
| Cash Acquisitions | -72.10M | -72.10M | -29.58M | -11.48M | ||
| Investment in Securities | 5.19M | |||||
| Other Investing Activities | -228.00K | -98.00K | -3.21M | -27.00K | -281.00K | 65.00K |
| Investing Cash Flow | -86.84M | -77.08M | -35.21M | -961.00K | -1.52M | -7.16M |
| Long-Term Debt Repaid | -8.81M | -25.00K | -65.00K | -73.00K | -53.00K | |
| Net Debt Issued (Repaid) | -8.81M | -8.81M | -25.00K | -65.00K | -73.00K | -53.00K |
| Issuance of Common Stock | 315.00K | 124.89M | 307.00K | 65.51M | 235.00K | 241.00K |
| Repurchase of Common Stock | -126.00K | -46.00K | ||||
| Other Financing Activities | -1.00K | -1.00K | -148.00K | |||
| Financing Cash Flow | -8.49M | 116.08M | 8.00K | 65.44M | 162.00K | 142.00K |
| Foreign Exchange Rate Adjustments | -11.00K | 24.00K | 14.00K | -13.00K | 29.00K | -55.00K |
| Net Cash Flow | -60.31M | 62.17M | -6.90M | 66.61M | -23.81M | -26.05M |
| Free Cash Flow | 20.52M | 18.26M | 25.87M | 1.20M | -23.72M | -19.91M |
| Free Cash Flow Margin | 6.40% | 6.10% | 11.61% | 0.83% | -22.38% | -18.37% |
| Free Cash Flow Per Share | 0.45 | 0.42 | 0.69 | 0.04 | -0.85 | -0.73 |
| Levered Free Cash Flow | 150.62K | 6.56M | -13.45M | 6.81M | -9.47M | -15.35M |
| Unlevered Free Cash Flow | 150.62K | 6.56M | -13.45M | 6.81M | -9.47M | -15.35M |
| Cash Income Tax Paid | 711.00K | 706.00K | 312.00K | 286.00K | 350.00K | 531.00K |
| Change in Working Capital | -9.19M | -24.06M | 4.51M | -3.22M | -1.39M | -3.73M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.31B | 1.61B | 715.80M | 488.20M | 144.99M | 216.56M |
| Enterprise Value | 1.17B | 1.48B | 644.00M | 466.81M | 124.61M | 176.40M |
| Last Close Price | 27.05 | 33.85 | 18.14 | 13.51 | 4.91 | 7.61 |
| PE Ratio | 9.06 | 12.04 | 118.65 | |||
| Forward PE | 26.35 | 36.27 | 38.87 | |||
| PS Ratio | 4.08 | 5.39 | 3.21 | 3.35 | 1.37 | 2.00 |
| PB Ratio | 2.29 | 2.90 | 3.63 | 3.38 | 1.77 | 1.98 |
| P/TBV Ratio | 3.42 | 4.40 | 5.00 | 5.15 | 4.87 | 3.97 |
| P/FCF Ratio | 63.85 | 88.26 | 27.67 | 405.48 | ||
| P/OCF Ratio | 37.40 | 69.62 | 25.31 | 228.34 | ||
| EV/Sales Ratio | 3.65 | 4.95 | 2.89 | 3.21 | 1.18 | 1.63 |
| EV/EBITDA Ratio | 50.37 | 59.17 | 57.68 | |||
| EV/EBIT Ratio | 81.10 | 83.92 | 114.90 | |||
| EV/FCF Ratio | 57.03 | 81.16 | 24.89 | 387.71 | ||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.04 | 0.04 |
| Debt / EBITDA Ratio | 0.15 | 0.15 | 0.26 | |||
| Debt / FCF Ratio | 0.19 | 0.22 | 0.13 | 2.25 | ||
| Net Debt / Equity Ratio | -0.24 | -0.25 | -0.39 | -0.61 | -0.25 | -0.34 |
| Net Debt / EBITDA Ratio | -6.02 | -5.46 | -6.82 | 44.67 | 0.76 | 1.75 |
| Net Debt / FCF Ratio | -6.81 | -7.49 | -2.94 | -72.93 | 0.85 | 1.85 |
| Asset Turnover | 0.53 | 0.57 | 0.82 | 0.71 | 0.61 | 0.63 |
| Inventory Turnover | 2.69 | 2.37 | 2.85 | 2.80 | 3.21 | 5.10 |
| Quick Ratio | 1.59 | 1.52 | 1.26 | 1.48 | 0.64 | 1.13 |
| Current Ratio | 2.43 | 2.40 | 2.07 | 2.11 | 1.26 | 1.75 |
| Return on Equity (ROE) | 30.16% | 35.56% | 3.53% | -9.82% | -36.66% | -16.99% |
| Return on Assets (ROA) | 1.49% | 2.10% | 1.29% | -1.98% | -11.41% | -9.61% |
| Return on Invested Capital (ROIC) | 3.39% | 6.54% | 6.31% | -10.92% | -47.55% | -43.86% |
| Return on Capital Employed (ROCE) | 2.30% | 2.90% | 2.70% | -4.20% | -34.90% | -22.00% |
| Earnings Yield | 11.04% | 8.30% | 0.84% | -2.28% | -24.17% | -8.86% |
| FCF Yield | 1.57% | 1.13% | 3.61% | 0.25% | -16.36% | -9.20% |
| Buyback Yield / Dilution | -18.11% | -16.39% | -26.46% | -7.10% | -2.37% | -13.92% |