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Aemetis vs Gevo: AMTX and GEVO compared
Aemetis is the larger company: $88.2M of revenue in its latest quarter (Q3 2026) against $46.5M for Gevo (Q2 2026). Aemetis is growing faster (+49% against +7% a year earlier). Aemetis is more profitable, with an operating margin of 23.7% against -369.3%.
Where the money goes: AMTX and GEVO
Aemetis (AMTX) · Q3 2026
Aemetis, Q3 2026: revenue $88.2M (+49% year over year), operating margin 23.7%, net earnings $5.2M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
Gevo (GEVO) · Q2 2026
Gevo, Q2 2026: revenue $46.5M (+7% year over year), operating margin -369.3%, net loss $176M, operating cash flow −$8.3M. The chart follows the revenue to costs, profit and cash.
| Aemetis (AMTX) | Gevo (GEVO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $88.2M | $46.5M |
| Revenue growth, Y/Y | +49% | +7% |
| Gross margin | 33.4% | — |
| Operating margin | 23.7% | -369.3% |
| Net earnings | $5.2M | −$176M |
| Net margin | 5.9% | -379.0% |
| Operating cash flow | $22.0M | −$8.3M |
| Free cash flow | $1.7M | — |
Where the revenue comes from
Aemetis
- California Ethanol: $53.8M (61%)
- California Dairy Renewable Natural Gas: $25.9M (29%)
- India Biodiesel Segment: $8.4M (10%)
Gevo
- Ethanol: $29.5M (63%)
- Ethanol related products: $9.7M (21%)
- Environmental attributes: $5.6M (12%)
- Other: $1.5M (3%)
Questions
Which is bigger, Aemetis or Gevo?
Aemetis is the larger company: $88.2M of revenue in its latest quarter (Q3 2026) against $46.5M for Gevo (Q2 2026).
Is Aemetis or Gevo growing faster?
Aemetis is growing faster (+49% against +7% a year earlier).
Which is more profitable, Aemetis or Gevo?
Aemetis is more profitable, with an operating margin of 23.7% against -369.3%.
More: Aemetis earnings · how Aemetis makes money · Gevo earnings · how Gevo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.