American Superconductor vs Microvast Holdings
Microvast Holdings is the larger business, with $428m of revenue in fiscal 2025 against $299m for American Superconductor (1.4 times as much). American Superconductor grew faster (34.3% against 12.6%). American Superconductor kept more of each dollar of sales as profit: a net margin of 44.7% against -6.8%.
| Latest fiscal year | American SuperconductorAMSC, 2026 | Microvast HoldingsMVST, 2025 |
|---|---|---|
| Revenue | $299m | $428m |
| Revenue growth | 34.3% | 12.6% |
| Net income | $134m | −$29.2m |
| Operating margin | — | 1.6% |
| Net margin | 44.7% | -6.8% |
| Return on equity | 35.6% | -7.3% |
| Free cash flow | $18.3m | $56.1m |
| Cash | $141m | $105m |
| Total debt | $7.7m | $247m |
| Debt to equity | — | 60.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | — |
| Employees | 1,195 | — |
| Market value | $1.34bn | $228m |
| Price vs our value range | Above our value range | — |
| Moat score | 24 (Weak) | 15 (Weak) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 7 sales |