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American Superconductor vs 374Water: AMSC and SCWO compared
American Superconductor is the larger company: $94.0M of revenue in its latest quarter (Q2 FY27) against $2.3M for 374Water (Q2 2026). 374Water is growing faster (+280% against +43% a year earlier). American Superconductor is more profitable, with an operating margin of 5.7% against -71.7%.
Where the money goes: AMSC and SCWO
American Superconductor (AMSC) · Q2 FY27
American Superconductor, Q2 FY27: revenue $94.0M (+43% year over year), operating margin 5.7%, net earnings $3.0M. The chart follows the revenue to costs, profit and cash.
374Water (SCWO) · Q2 2026
374Water, Q2 2026: revenue $2.3M (+280% year over year), operating margin -71.7%, net loss $2.7M, operating cash flow $211K. The chart follows the revenue to costs, profit and cash.
| American Superconductor (AMSC) | 374Water (SCWO) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 2026 |
| Revenue | $94.0M | $2.3M |
| Revenue growth, Y/Y | +43% | +280% |
| Gross margin | 28.2% | — |
| Operating margin | 5.7% | -71.7% |
| Net earnings | $3.0M | −$2.7M |
| Net margin | 3.2% | -119.2% |
| Operating cash flow | — | $211K |
Where the revenue comes from
American Superconductor
- Grid: $76.7M (82%)
- Wind: $17.4M (18%)
Questions
Which is bigger, American Superconductor or 374Water?
American Superconductor is the larger company: $94.0M of revenue in its latest quarter (Q2 FY27) against $2.3M for 374Water (Q2 2026).
Is American Superconductor or 374Water growing faster?
374Water is growing faster (+280% against +43% a year earlier).
Which is more profitable, American Superconductor or 374Water?
American Superconductor is more profitable, with an operating margin of 5.7% against -71.7%.
More: American Superconductor earnings · how American Superconductor makes money · 374Water earnings · how 374Water makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.