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American Superconductor Corporation (AMSC) 10-Year Financial Performance & Capital Metrics

AMSC • • Industrial / General
IndustrialsIndustrial MachineryPower Generation & Energy EquipmentClean Energy Technologies
AboutAmerican Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, resilient electric grid systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers. This segment's design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher. The company was incorporated in 1987 and is headquartered in Ayer, Massachusetts.Show more
  • Revenue $223M +53.0%
  • EBITDA $5M +179.4%
  • Net Income $6M +154.3%
  • EPS (Diluted) 0.16 +143.2%
  • Gross Margin 27.76% +14.6%
  • EBITDA Margin 2.45% +151.9%
  • Operating Margin -0.48% +93.8%
  • Net Margin 2.71% +135.5%
  • ROE 3.53% +136.0%
  • ROIC -0.91% +93.7%
  • Debt/Equity 0.02 -8.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 28.4%

✗Weaknesses

  • ✗Shares diluted 26.5% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.19%
5Y28.4%
3Y27.13%
TTM51.17%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM1850.75%

EPS CAGR

10Y-
5Y-
3Y-
TTM934.22%

ROCE

10Y Avg-16.78%
5Y Avg-16%
3Y Avg-13.7%
Latest-0.59%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AMSCAmerican Superconductor Corporation1.48B31.08194.2552.99%5.69%4.43%1.75%0.02
GTLSChart Industries, Inc.9.31B207.0650.5024.1%1.55%1.98%4.11%1.25
BLDPBallard Power Systems Inc.811.99M2.70-2.50-31.88%-132.8%-19.75%0.04
NPWRNET Power Inc.210.64M2.51-3.7542.86%-196.76%-101.86%0.00
XCHXCHG Limited American Depositary Share43.5M1.06-5.329.59%-17.86%-40.46%0.35
NNENano Nuclear Energy Inc1.68B33.38-31.49-15.25%0.01

Profit & Loss

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+96.02M75.19M48.4M56.21M63.84M87.13M108.44M105.98M145.64M222.82M
Revenue Growth %0.36%-0.22%-0.36%0.16%0.14%0.36%0.24%-0.02%0.37%0.53%
Cost of Goods Sold+74.04M64.35M44.61M42.19M54.39M69.67M94.94M97.46M110.36M160.96M
COGS % of Revenue0.77%0.86%0.92%0.75%0.85%0.8%0.88%0.92%0.76%0.72%
Gross Profit+21.98M10.84M3.79M14.02M9.45M17.45M13.49M8.52M35.28M61.85M
Gross Margin %0.23%0.14%0.08%0.25%0.15%0.2%0.12%0.08%0.24%0.28%
Gross Profit Growth %6.12%-0.51%-0.65%2.69%-0.33%0.85%-0.23%-0.37%3.14%0.75%
Operating Expenses+42.1M38.38M35.95M-20.01M32.57M40.62M34.58M41.53M46.65M62.93M
OpEx % of Revenue0.44%0.51%0.74%-0.36%0.51%0.47%0.32%0.39%0.32%0.28%
Selling, General & Admin28.86M25.69M22.58M22.03M22.67M25.32M27.49M28.7M31.6M43.09M
SG&A % of Revenue0.3%0.34%0.47%0.39%0.36%0.29%0.25%0.27%0.22%0.19%
Research & Development12.3M12.54M11.59M9.87M9.56M11.02M10.47M8.97M7.99M11.43M
R&D % of Revenue0.13%0.17%0.24%0.18%0.15%0.13%0.1%0.08%0.05%0.05%
Other Operating Expenses936K157K1.78M-51.91M340K4.28M-3.38M3.86M7.06M8.41M
Operating Income+-20.12M-27.54M-32.16M34.02M-23.13M-23.16M-21.09M-33.01M-11.37M-1.08M
Operating Margin %-0.21%-0.37%-0.66%0.61%-0.36%-0.27%-0.19%-0.31%-0.08%-0%
Operating Income Growth %0.62%-0.37%-0.17%2.06%-1.68%-0%0.09%-0.57%0.66%0.91%
EBITDA+-12.15M-20.02M-20.7M38.63M-18.82M-17.81M-15.75M-27.65M-6.87M5.46M
EBITDA Margin %-0.13%-0.27%-0.43%0.69%-0.29%-0.2%-0.15%-0.26%-0.05%0.02%
EBITDA Growth %0.72%-0.65%-0.03%2.87%-1.49%0.05%0.12%-0.76%0.75%1.79%
D&A (Non-Cash Add-back)7.97M7.52M11.46M4.61M4.31M5.35M5.34M5.36M4.49M6.54M
EBIT-19.34M-27.54M-30.56M-18.23M-23.13M-20.11M-26.94M-31.89M-6.46M5.61M
Net Interest Income+-1.04M-383K147K1.12M1.33M426K75K252K1.3M3.71M
Interest Income00147K1.12M1.33M426K75K252K1.3M3.71M
Interest Expense1.04M383K00000000
Other Income/Expense-630K1.31M-780K-882K6.23M-345K47K-1.82M566K3.44M
Pretax Income+-20.75M-26.23M-32.94M33.14M-16.9M-23.51M-21.04M-34.83M-10.8M2.37M
Pretax Margin %-0.22%-0.35%-0.68%0.59%-0.26%-0.27%-0.19%-0.33%-0.07%0.01%
Income Tax+2.39M1.14M-161K6.38M195K-832K-1.85M215K309K-3.67M
Effective Tax Rate %1.12%1.04%1%0.81%1.01%0.96%0.91%1.01%1.03%2.55%
Net Income+-23.14M-27.37M-32.78M26.76M-17.1M-22.68M-19.19M-35.04M-11.11M6.03M
Net Margin %-0.24%-0.36%-0.68%0.48%-0.27%-0.26%-0.18%-0.33%-0.08%0.03%
Net Income Growth %0.52%-0.18%-0.2%1.82%-1.64%-0.33%0.15%-0.83%0.68%1.54%
Net Income (Continuing)-23.14M-27.37M-32.78M26.76M-17.1M-22.68M-19.19M-35.04M-11.11M6.03M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-1.76-1.98-1.731.29-0.81-0.95-0.71-1.26-0.370.16
EPS Growth %0.69%-0.13%0.13%1.75%-1.63%-0.17%0.25%-0.77%0.71%1.43%
EPS (Basic)-1.76-1.98-1.731.32-0.81-0.95-0.71-1.26-0.370.16
Diluted Shares Outstanding13.18M13.8M18.97M20.73M21.07M23.88M27.2M27.85M29.82M37.72M
Basic Shares Outstanding13.15M13.8M18.95M20.34M20.98M23.88M27.2M27.85M29.82M36.99M
Dividend Payout Ratio----------

Balance Sheet

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+83.34M55.7M67.18M103.4M94.28M105.23M94.34M106.17M166.47M206.52M
Cash & Short-Term Investments39.33M26.78M34.08M77.48M54.85M72.95M40.58M23.36M90.52M79.49M
Cash Only39.33M26.78M34.08M77.48M24.7M67.81M40.58M23.36M90.52M79.49M
Short-Term Investments000030.15M5.14M0000
Accounts Receivable19.26M7.96M10.37M10.74M16.99M13.27M20.28M30.66M26.32M46.19M
Days Sales Outstanding73.2338.6278.1669.7697.1255.5868.26105.6165.9875.66
Inventory18.51M17.46M19.78M12.12M18.98M13.31M23.67M36.99M41.86M71.17M
Days Inventory Outstanding91.2699.04161.85104.85127.3369.7190.98138.51138.44161.38
Other Current Assets457K795K2.95M3.05M508K2.16M2.75M15.16M7.76M9.67M
Total Non-Current Assets+51.98M44.54M21M15.93M29.83M63.64M79.55M69.39M66.3M104M
Property, Plant & Equipment49.78M43.44M12.51M8.97M11.92M12.74M17.16M15.17M13.42M42.4M
Fixed Asset Turnover1.93x1.73x3.87x6.26x5.35x6.84x6.32x6.99x10.85x5.26x
Goodwill001.72M1.72M1.72M34.63M43.47M43.47M43.47M48.16M
Intangible Assets854K301K3.23M2.89M3.55M9.15M11.31M8.53M6.37M5.92M
Long-Term Investments934K165K2.56M715K5.05M00001.11M
Other Non-Current Assets315K233K436K279K6.04M5.88M6.39M1.11M1.93M5.23M
Total Assets+135.32M100.24M88.17M119.33M124.11M168.87M173.89M175.56M232.77M310.52M
Asset Turnover0.71x0.75x0.55x0.47x0.51x0.52x0.62x0.60x0.63x0.72x
Asset Growth %0.01%-0.26%-0.12%0.35%0.04%0.36%0.03%0.01%0.33%0.33%
Total Current Liabilities+41.01M32.22M27.32M28.38M40.96M40.74M53.96M84.11M78.81M99.76M
Accounts Payable5.84M3.21M3.1M2.94M10.04M5.35M13.19M13.94M4.48M6.73M
Days Payables Outstanding28.7718.1925.3325.4367.4128.0450.7252.1914.815.27
Short-Term Debt2.62M1.48M000072K75K25K0
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities11.74M6.82M6.61M9.12M5.68M14.07M8.86M12.35M15.7M14.69M
Current Ratio2.03x1.73x2.46x3.64x2.30x2.58x1.75x1.26x2.11x2.07x
Quick Ratio1.58x1.19x1.73x3.22x1.84x2.26x1.31x0.82x1.58x1.36x
Cash Conversion Cycle135.71119.47214.68149.18157.0597.25108.53191.93189.61221.77
Total Non-Current Liabilities+10.76M7.8M8.62M9.75M10.93M11.54M10.53M9.66M9.39M13.64M
Long-Term Debt1.37M0000090K15K00
Capital Lease Obligations00003M3.25M2.9M2.18M1.97M2.68M
Deferred Tax Liabilities63K125K110K1.7M180K274K297K243K300K1.59M
Other Non-Current Liabilities63K45K57K93K38K25K25K26K27K28K
Total Liabilities51.77M40.02M35.95M38.14M51.89M52.27M64.5M93.76M88.2M113.41M
Total Debt+3.99M1.48M003.44M3.86M3.8M3.08M2.71M3.37M
Net Debt-35.34M-25.3M-34.08M-77.48M-21.26M-63.96M-36.78M-20.28M-87.81M-76.13M
Debt / Equity0.05x0.02x--0.05x0.03x0.03x0.04x0.02x0.02x
Debt / EBITDA---------0.62x
Net Debt / EBITDA----2.01x------13.94x
Interest Coverage-19.40x-71.91x--------
Total Equity+83.55M60.23M52.23M81.19M72.22M116.59M109.39M81.8M144.57M197.11M
Equity Growth %0.05%-0.28%-0.13%0.55%-0.11%0.61%-0.06%-0.25%0.77%0.36%
Book Value per Share6.344.362.753.923.434.884.022.944.855.23
Total Shareholders' Equity83.55M60.23M52.23M81.19M72.22M116.59M109.39M81.8M144.57M197.11M
Common Stock141K147K211K216K229K280K289K299K373K399K
Retained Earnings-928.18M-955.56M-988.33M-961.54M-978.63M-1B-1.02B-1.06B-1.07B-1.06B
Treasury Stock-881K-1.37M-1.65M-2.1M-2.67M-3.59M-3.64M-3.64M-3.64M-3.77M
Accumulated OCI660K-503K883K-5K-216K-277K-291K1.57M1.58M1.56M
Minority Interest0000000000

Cash Flow

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+-4.56M-11.21M-24.83M42.71M-16.5M-8.68M-18.98M-22.48M2.14M28.29M
Operating CF Margin %-0.05%-0.15%-0.51%0.76%-0.26%-0.1%-0.18%-0.21%0.01%0.13%
Operating CF Growth %0.86%-1.46%-1.21%2.72%-1.39%0.47%-1.19%-0.18%1.1%12.23%
Net Income-23.14M-27.37M-32.78M26.76M-17.1M-22.68M-19.19M-35.04M-11.11M6.03M
Depreciation & Amortization7.97M7.52M11.46M4.61M4.31M5.35M5.34M5.36M4.49M6.54M
Stock-Based Compensation3.25M2.89M2.69M3.03M03.48M4.66M4.73M4.65M7.79M
Deferred Taxes1.24M-14K-1.45M4.48M-1.71M-1.22M-2.4M24K65K-4.3M
Other Non-Cash Items1.82M-784K812K-341K-1.75M5.36M-3.66M3.83M6.93M7.72M
Working Capital Changes4.3M6.54M-5.56M4.18M-247K1.02M-3.73M-1.39M-2.9M4.51M
Change in Receivables-9.32M11.14M1.15M-529K-9.16M5.19M-3.76M-10.36M4.34M-3.21M
Change in Inventory-782K-815K-2.42M5.01M-8.14M8.11M-3.31M-14.8M-6.84M-7.71M
Change in Payables1.54M-7.94M-2.96M2.84M5.89M-4.22M08.66M-13.82M3.21M
Cash from Investing+4.87M192K16.4M2.17M-36.62M2.47M-7.16M-1.52M-961K-35.21M
Capital Expenditures-1.2M-656K-2.53M-952K-4.63M-1.76M-938K-1.24M-934K-2.42M
CapEx % of Revenue0.01%0.01%0.05%0.02%0.07%0.02%0.01%0.01%0.01%0.01%
Acquisitions----------
Investments----------
Other Investing2.98M523K1.95M2.99M8K81K65K-281K-27K64K
Cash from Financing+18.2M-1.13M15.28M-299K5.78M50.83M142K162K65.44M8K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-80K2.04M-99K-299K-565K278K241K0279K159K
Net Change in Cash----------
Free Cash Flow+-5.76M-11.87M-27.36M41.76M-20.13M-10.45M-19.91M-23.72M1.2M25.87M
FCF Margin %-0.06%-0.16%-0.57%0.74%-0.32%-0.12%-0.18%-0.22%0.01%0.12%
FCF Growth %0.83%-1.06%-1.3%2.53%-1.48%0.48%-0.91%-0.19%1.05%20.49%
FCF per Share-0.44-0.86-1.442.01-0.96-0.44-0.73-0.850.040.69
FCF Conversion (FCF/Net Income)0.20x0.41x0.76x1.60x0.96x0.38x0.99x0.64x-0.19x4.69x
Interest Paid0042K0000000
Taxes Paid001.58M2.86M0594K531K350K286K312K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-28.31%-38.08%-58.29%40.11%-22.29%-24.02%-16.99%-36.66%-9.82%3.53%
Return on Invested Capital (ROIC)-26.18%-49.7%-90.89%233.51%-63.46%-33.54%-25.26%-36.92%-14.42%-0.91%
Gross Margin22.89%14.42%7.84%24.94%14.8%20.03%12.44%8.04%24.23%27.76%
Net Margin-24.1%-36.4%-67.71%47.61%-26.78%-26.03%-17.7%-33.06%-7.63%2.71%
Debt / Equity0.05x0.02x--0.05x0.03x0.03x0.04x0.02x0.02x
Interest Coverage-19.40x-71.91x--------
FCF Conversion0.20x0.41x0.76x1.60x0.96x0.38x0.99x0.64x-0.19x4.69x
Revenue Growth36.14%-21.69%-35.63%16.12%13.58%36.48%24.46%-2.26%37.42%52.99%

Revenue by Segment

2015201620172018201920202021202220232024
Grid27.14M27.93M34.11M34.29M----107.04M169.89M
Grid Growth-2.90%22.14%0.53%-----58.72%
Wind68.88M47.27M14.29M21.92M----23.4M35.61M
Wind Growth--31.38%-69.76%53.33%-----52.14%
Held Transactions------1.2M600K--
Held Transactions Growth--------50.00%--
Grant----6.4M3.9M----
Grant Growth------39.06%----

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES14.56M16.22M17.32M-------
UNITED STATES Growth-11.39%6.72%-------
INDIA59.64M44.24M12.93M-------
INDIA Growth--25.82%-70.77%-------
Europe1.77M3.62M5.41M-------
Europe Growth-104.17%49.14%-------
Middle East--4.01M-------
Middle East Growth----------
Asia Pacific5.36M2.11M3.75M-------
Asia Pacific Growth--60.74%78.25%-------
AUSTRALIA2.41M4.05M3.07M-------
AUSTRALIA Growth-68.17%-24.20%-------
CANADA1.12M1.39M1.12M-------
CANADA Growth-24.71%-19.60%-------
CHINA8.46M2M679K-------
CHINA Growth--76.30%-66.12%-------
Africa2.7M1.55M118K-------
Africa Growth--42.60%-92.38%-------

Frequently Asked Questions

Valuation & Price

American Superconductor Corporation (AMSC) has a price-to-earnings (P/E) ratio of 194.3x. This suggests investors expect higher future growth.

Growth & Financials

American Superconductor Corporation (AMSC) reported $266.3M in revenue for fiscal year 2024. This represents a 248% increase from $76.5M in 2011.

American Superconductor Corporation (AMSC) grew revenue by 53.0% over the past year. This is strong growth.

Yes, American Superconductor Corporation (AMSC) is profitable, generating $15.1M in net income for fiscal year 2024 (2.7% net margin).

Dividend & Returns

American Superconductor Corporation (AMSC) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.

American Superconductor Corporation (AMSC) generated $19.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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