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Stocks · Technology · Motors & Generators

AMERICAN SUPERCONDUCTOR CORP /DE/

AMSC Clue Score63
United States Fiscal year ends March CIK 0000880807
$30.52 -1.39% Close, 9 Oct 2026
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Price $30.52 +91.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue0.9Operating income−27.5Net income−27.4EPS, diluted−1.98Fiscal year 2018Revenue48.4 +5,278.1%Operating income−32.2Net income−32.8EPS, diluted−1.73Fiscal year 2019Revenue56.2 +16.1%Operating income34.0Net income26.8EPS, diluted1.29Fiscal year 2020Revenue63.8 +13.6%Operating income−23.1Net income−17.1 −163.9%EPS, diluted−1.03Fiscal year 2021Revenue87.1 +36.5%Operating income−23.2Net income−22.7EPS, diluted−0.95Fiscal year 2022Revenue108.4 +24.5%Operating income−21.1Net income−19.2EPS, diluted−0.71Fiscal year 2023Revenue106.0 −2.3%Operating income−33.0Net income−35.0EPS, diluted−1.26Fiscal year 2024Revenue145.6 +37.4%Operating income−11.4Net income−11.1EPS, diluted−0.37Fiscal year 2025Revenue222.8 +53.0%Operating income−1.1Net income6.0EPS, diluted0.16Fiscal year 2026Revenue299.2 +34.3%Operating income11.4Net income133.8 +2,118.0%EPS, diluted3.05
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 0.9 48.4 56.2 63.8 87.1 108.4 106.0 145.6 222.8 299.2
Growth +5,278.1% +16.1% +13.6% +36.5% +24.5% −2.3% +37.4% +53.0% +34.3%
Operating income −27.5 −32.2 34.0 −23.1 −23.2 −21.1 −33.0 −11.4 −1.1 11.4
Net income −27.4 −32.8 26.8 −17.1 −22.7 −19.2 −35.0 −11.1 6.0 133.8
Growth −163.9% +2,118.0%
EPS, diluted −1.98 −1.73 1.29 −1.03 −0.95 −0.71 −1.26 −0.37 0.16 3.05

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin1,204.8%Operating margin−3,060.2%Net margin−3,041.4%Free cash flow margin−1,319.0%Fiscal year 2018Gross margin7.8%Operating margin−66.4%Net margin−67.7%Free cash flow margin−56.5%Fiscal year 2019Gross margin24.9%Operating margin60.5%Net margin47.6%Free cash flow margin74.3%Fiscal year 2020Gross margin14.8%Operating margin−36.2%Net margin−26.8%Free cash flow margin−31.5%Fiscal year 2021Operating margin−26.6%Net margin−26.0%Free cash flow margin−12.0%Fiscal year 2022Gross margin12.4%Operating margin−19.4%Net margin−17.7%Free cash flow margin−18.4%Fiscal year 2023Gross margin8.0%Operating margin−31.1%Net margin−33.1%Free cash flow margin−22.4%Fiscal year 2024Gross margin24.2%Operating margin−7.8%Net margin−7.6%Free cash flow margin0.8%Fiscal year 2025Gross margin27.8%Operating margin−0.5%Net margin2.7%Free cash flow margin11.6%Fiscal year 2026Gross margin30.5%Operating margin3.8%Net margin44.7%Free cash flow margin6.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 1,204.8% 7.8% 24.9% 14.8% n/a 12.4% 8.0% 24.2% 27.8% 30.5%
Operating margin −3,060.2% −66.4% 60.5% −36.2% −26.6% −19.4% −31.1% −7.8% −0.5% 3.8%
Net margin −3,041.4% −67.7% 47.6% −26.8% −26.0% −17.7% −33.1% −7.6% 2.7% 44.7%
Free cash flow margin −1,319.0% −56.5% 74.3% −31.5% −12.0% −18.4% −22.4% 0.8% 11.6% 6.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−11.2Capital expenditure−0.7Free cash flow−11.9Fiscal year 2018Operating cash flow−24.8Capital expenditure−2.5Free cash flow−27.4Fiscal year 2019Operating cash flow42.7Capital expenditure−1.0Free cash flow41.8Fiscal year 2020Operating cash flow−16.5Capital expenditure−3.6Free cash flow−20.1 −148.2%Fiscal year 2021Operating cash flow−8.7Capital expenditure−1.8Free cash flow−10.4Fiscal year 2022Operating cash flow−19.0Capital expenditure−0.9Free cash flow−19.9Fiscal year 2023Operating cash flow−22.5Capital expenditure−1.2Free cash flow−23.7Fiscal year 2024Operating cash flow2.1Capital expenditure−0.9Free cash flow1.2Buybacks0.0Fiscal year 2025Operating cash flow28.3Capital expenditure−2.4Free cash flow25.9 +2,048.7%Buybacks−0.1Fiscal year 2026Operating cash flow23.1Capital expenditure−4.9Free cash flow18.3 −29.4%Buybacks0.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −11.2 −24.8 42.7 −16.5 −8.7 −19.0 −22.5 2.1 28.3 23.1
Capital expenditure −0.7 −2.5 −1.0 −3.6 −1.8 −0.9 −1.2 −0.9 −2.4 −4.9
Free cash flow −11.9 −27.4 41.8 −20.1 −10.4 −19.9 −23.7 1.2 25.9 18.3
Growth −148.2% +2,048.7% −29.4%
Buybacks n/a n/a n/a n/a n/a n/a n/a 0.0 −0.1 0.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash26.8Shareholders’ equity60.2Fiscal year 2018Cash34.1Shareholders’ equity52.2Fiscal year 2019Cash77.5Shareholders’ equity81.2Fiscal year 2020Cash24.7Shareholders’ equity72.2Fiscal year 2021Cash67.8Total debt0.0Net cash (debt)67.8Shareholders’ equity116.6Debt to equity0.00Fiscal year 2022Cash40.6Total debt0.1Net cash (debt)40.5Shareholders’ equity109.4Debt to equity0.00Fiscal year 2023Cash23.4Total debt0.0Net cash (debt)23.3Shareholders’ equity81.8Debt to equity0.00Fiscal year 2024Cash90.5Total debt0.0Net cash (debt)90.5Shareholders’ equity144.6Debt to equity0.00Fiscal year 2025Cash79.5Total debt0.0Net cash (debt)79.5Shareholders’ equity197.1Debt to equity0.00Fiscal year 2026Cash140.7Shareholders’ equity555.4
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 26.8 34.1 77.5 24.7 67.8 40.6 23.4 90.5 79.5 140.7
Total debt n/a n/a n/a n/a 0.0 0.1 0.0 0.0 0.0 n/a
Net cash (debt) n/a n/a n/a n/a 67.8 40.5 23.3 90.5 79.5 n/a
Shareholders’ equity 60.2 52.2 81.2 72.2 116.6 109.4 81.8 144.6 197.1 555.4
Debt to equity n/a n/a n/a n/a 0.00 0.00 0.00 0.00 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Margins
1,204.8% 7.8% 24.9% 14.8% n/a 12.4% 8.0% 24.2% 27.8% 30.5%
−3,060.2% −66.4% 60.5% −36.2% −26.6% −19.4% −31.1% −7.8% −0.5% 3.8%
−2,914.6% −68.0% 59.0% −26.5% −27.0% −19.4% −32.9% −7.4% 1.1% 5.6%
−3,041.4% −67.7% 47.6% −26.8% −26.0% −17.7% −33.1% −7.6% 2.7% 44.7%
−1,319.0% −56.5% 74.3% −31.5% −12.0% −18.4% −22.4% 0.8% 11.6% 6.1%
Spending
1,393.3% 24.0% 17.6% 15.0% n/a 9.7% 8.5% 5.5% 5.1% 5.3%
2,854.2% 46.6% 39.2% 35.5% n/a 25.4% 27.1% 21.7% 19.3% 19.3%
72.9% 5.2% 1.7% 5.7% 2.0% 0.9% 1.2% 0.6% 1.1% 1.6%
n/a n/a 19.3% n/a n/a n/a n/a n/a −155.0% −699.0%
Returns
−45.5% −62.8% 33.0% −23.7% −19.5% −17.5% −42.8% −7.7% 3.1% 24.1%
−27.3% −37.2% 22.4% −13.8% −13.4% −11.0% −20.0% −4.8% 1.9% 18.1%
Balance and payout
n/a n/a n/a n/a 0.00 0.00 0.00 0.00 0.00 n/a
39.9% 40.8% 32.0% 41.8% 31.0% 37.1% 53.4% 37.9% 36.5% 24.9%
n/a n/a n/a n/a n/a n/a n/a 0.0% 0.5% 0.0%