AMSCNasdaqMotors & GeneratorsFiscal year ends March 31
AMERICAN SUPERCONDUCTOR CORP /DE/
Financials through Q1 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$25.68+0.01 (+0.04%)
Close on Oct 19, 2026
- Market cap
- $1.21B
- P/E (TTM)
- 8.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.5%
Operating margin
3.8%+30.4 pts over 5 years
Net margin
44.7%+70.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +34.3% | +41.3% | +28.0% | +12.0% | |
| Gross profit | +47.7% | +120.5% | – | +15.3% | |
| Net income | +2118.0% | – | – | – | |
| EPS, diluted | +1806.3% | – | – | – | |
| Free cash flow | -29.4% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -38.1% | -24.0% | 35.6% | |
| Return on assets | -23.2% | -13.4% | 25.5% | |
| Current ratio | 1.73 | 2.58 | 2.39 | |
| Debt to equity | 0.00 | 0.00 | – | |
| Net debt to EBITDA | 1.35× | 3.48× | – | |
| Inventory turnover | 3.6× | – | 2.4× | |
| Capex to revenue | 0.9% | 2.0% | 1.6% | |
| Diluted shares | 14M | 0M | 44M |
Where the cash went
Fiscal 2021 to 2025, five years combined
American Superconductor generated $95.03M from operations and spent $10.54M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$95.03M
Used
$10.54M
Capital expenditure$10.41M99%Dividends$00%Share buybacks$126.00K1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin44.7%
×Asset turnover0.57×
×Equity multiplier1.40×
=Return on equity, FY202535.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 44.7% | 0.57× | 1.40× | 35.6% |
| FY2024 | 2.7% | 0.82× | 1.59× | 3.5% |
| FY2023 | -7.6% | 0.71× | 1.80× | -9.8% |
| FY2022 | -33.1% | 0.61× | 1.83× | -36.7% |
| FY2021 | -17.7% | 0.63× | 1.52× | -17.0% |
| FY2020 | -26.0% | 0.52× | 1.79× | -24.0% |
| FY2019 | -26.8% | 0.44× | 1.88× | -22.3% |
| FY2018 | 47.6% | 0.54× | 1.56× | 40.1% |
| FY2017 | -67.7% | 0.51× | 1.68× | -58.3% |
| FY2016 | -36.4% | 0.64× | 1.64× | -38.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$133.81M
- Cash generatingOperating cash flow above zero$23.15M
- Return on assets improvedROA up on the prior year2.6% → 43.1%
- Earnings backed by cashOperating cash flow above net income$23.15M vs $133.81M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose2.07 → 2.39
- No dilutionShare count did not rise38M → 44M
- Gross margin improvedGross margin up on the prior year27.76% → 30.55%
- More efficientAsset turnover rose0.96 → 0.96