AMSC vs CMI vs HYLN Stock Comparison

American Superconductor, Cummins and Hyliion Holdings Prices as of Nov 4, 2026 Peers: Industry group
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CMI Cummins Inc
$472.37 -9.7% 1M +10.2% 1Y
Market cap
$65.03B
P/E
24.0x
Revenue (TTM)
$34.71B
Div. yield
1.74%
Heavy Equipment Industrials
4 wins
HYLN Hyliion Holdings Corp.
$3.01 -27.3% 1M +44.0% 1Y
Market cap
$537.58M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins

Head to Head

9 decided of 12

Cummins leads on 4 of the 12 questions below (Cummins 4, American Superconductor 3, Hyliion Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMSCCMIHYLNLeader
Larger companyMarket capitalisation $1.27B $65.03B $537.58M CMI
Cheaper on earningsLower P/E, profitable companies only 9.2x 24.0x -10.3x AMSC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.2x 15.0x — CMI
Faster revenue growthRevenue growth, trailing twelve months +25.9% +2.9% +163.2% HYLN
More profitableNet margin, trailing twelve months 42.6% 7.8% -564.3% AMSC
Better return on capitalReturn on invested capital — 13.6% — –
Less leveragedLower net debt / EBITDA — 0.7x — –
Higher dividend yieldTrailing dividend yield — 1.74% — –
Better 1-year returnPrice return, last 12 months -53.3% +10.2% +44.0% HYLN
Better 5-year returnAnnualised price return, 5 years +8.3%/yr +14.8%/yr -18.9%/yr CMI
Less volatileAnnualised volatility, 1 year 85.3% 37.2% 98.6% CMI
Higher overall scoreMean of the five percentile scores vs peers 84/100 64/100 58/100 AMSC

Percentile Scorecard

AMSCCMIHYLN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMSCCMIHYLN
Valuation 86 #10 of 63 63 #76 of 204 36 #41 of 63
Growth 97 #3 of 60 53 #90 of 191 88 #8 of 60
Profitability 82 #11 of 57 71 #55 of 189 13 #50 of 57
Financial Health 78 #17 of 72 53 #105 of 221 96 #4 of 72
Shareholder Returns 81 #7 of 32 79 #35 of 159 –
Overall 84 64 58
  • AMSC ranked among 72 companies in Clean Energy Equipment
  • CMI ranked among 223 companies in Machinery
  • HYLN ranked among 72 companies in Clean Energy Equipment

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMSCCMIHYLNSPY
1 month -12.4%-9.7%-27.3% -1.0%
3 months -20.3%-27.4%-23.2% -0.4%
6 months -54.0%-34.0%+25.9% +4.5%
Year to date -8.8%-7.5%+63.6% +12.4%
1 year -53.3%+10.2%+44.0% +13.6%
3 years +238.8%+109.1%+349.9% +76.4%
3 years, per year +50.2%+27.9%+65.1% +20.8%
5 years +48.8%+99.3%-64.9% +63.7%
5 years, per year +8.3%+14.8%-18.9% +10.4%
10 years +268.8%+280.0%— +267.7%
10 years, per year +13.9%+14.3%— +13.9%

Risk

MeasureAMSCCMIHYLNSPY
Volatility, 1Y 85.3%37.2%98.6% 12.8%
Downside volatility, 1Y 97.6%39.4%92.4% 12.7%
Beta vs S&P 500, 1Y 3.311.573.11 1.00
Return / volatility, 1Y -0.630.270.45 1.06
Max drawdown, 5Y -82.0%-35.1%-94.0% -25.4%
From 52-week high -55.8%-35.1%-62.8% -1.6%
52-week high $59.42$727.59$8.10 $779.14
52-week low $25.01$428.74$1.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMSCCMIHYLN
P/E now vs peer median 9.2xmedian 26.4x 24.0xmedian 25.5x -10.3xmedian 26.4x
P/S now vs peer median 4.0xmedian 2.6x 1.9xmedian 1.9x 58.1xmedian 2.6x
EV/EBITDA now vs peer median 45.9xmedian 19.6x 13.7xmedian 14.4x -9.3xmedian 19.6x
P/FCF now vs peer median 62.0xmedian 29.9x 19.3xmedian 23.3x -9.5xmedian 29.9x
P/B now vs peer median 2.2xmedian 1.8x 4.7xmedian 2.2x 3.2xmedian 1.8x
PEG now vs peer median 0.18median 0.71 7.48median 1.16 -0.34median 0.71

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMSCCMIHYLN
Revenue $320.87M $34.71B $9.25M
Gross profit $91.62M $8.79B $603.00K
Operating income $15.63M $3.89B -$58.73M
Net income $136.58M $2.83B -$52.19M
Free cash flow $20.52M $3.37B -$56.62M
R&D $15.36M $1.44B $37.27M
EPS (diluted) $2.90 $19.60 $-0.29
Cash & equivalents $143.71M $3.18B $13.20M
Total debt – $7.35B –
Shares (diluted) 47.12M 138.50M 178.44M
Enterprise value $633.86M $62.16B $203.47M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMSCCMIHYLN
P/E 9.2x 24.0x -10.3x
P/FCF 62.0x 19.3x -9.5x
P/Operating cash flow 36.3x 14.0x -12.7x
P/S 4.0x 1.9x 58.1x
P/B 2.2x 4.7x 3.2x
P/Tangible book 2.3x 5.5x 3.2x
EV/EBITDA 45.9x 13.7x -9.3x
EV/EBIT 72.2x 17.6x -8.1x
EV/Revenue 3.5x 2.0x 51.2x
EV/FCF 55.0x 20.3x -8.4x
EV/Operating cash flow 32.2x 14.7x -11.2x
PEG (3Y EPS CAGR) 0.18 7.48 -0.34

Growth

14 metrics
MetricAMSCCMIHYLN
Revenue growth (1Y) 25.9% 2.9% 163.2%
Revenue CAGR (3Y) 41.4% 2.5% 62.1%
Gross profit growth (1Y) 23.6% 1.7% 154.4%
Gross profit CAGR (3Y) 93.8% 4.8% 29.7%
Operating income growth (1Y) 98.9% -6.0% 11.9%
Operating income CAGR (3Y) 36.3% 4.1% 29.6%
Net income growth (1Y) 793.8% -7.8% 7.3%
Net income CAGR (3Y) 62.4% 2.9% 30.7%
EPS growth (1Y) 653.7% -7.7% 8.9%
EPS CAGR (3Y) 49.9% 3.2% 30.4%
Operating cash flow growth (1Y) 20.8% 63.4% 10.5%
Operating cash flow CAGR (3Y) 56.8% 28.8% 30.3%
Free cash flow growth (1Y) -21.2% 103.8% 16.0%
Free cash flow CAGR (3Y) 44.7% 45.3% 24.4%

Profitability

14 metrics
MetricAMSCCMIHYLN
Gross margin 28.6% 25.3% 6.5%
EBITDA margin 7.7% 14.4% -551.3%
Operating margin 4.9% 11.2% -635.2%
Pretax margin 6.4% 11.1% -564.5%
Net margin 42.6% 7.8% -564.3%
FCF margin 6.4% 9.7% -612.3%
Operating cash flow margin 10.9% 13.4% -458.2%
Return on equity 24.2% 20.7% -29.7%
Return on assets 18.2% 8.1% -28.2%
Return on invested capital – 13.6% –
Return on capital employed 2.6% 16.0% -33.4%
Asset turnover 0.4x 1.0x 0.0x
Cash conversion (OCF / net income) 0.3x 1.6x 0.8x
Stock comp / revenue 5.6% – 64.8%

Financial Health

11 metrics
MetricAMSCCMIHYLN
Debt / assets – 20.6% –
Debt / equity – 0.5x –
Net debt / EBITDA – 0.7x –
Debt / FCF – 2.2x –
Liabilities / assets 24.9% 61.0% 5.6%
Equity / assets 75.1% 39.0% 94.4%
Interest coverage – 12.1x –
Current ratio 2.4x 1.7x 7.6x
Quick ratio 1.7x 1.0x 7.1x
Cash ratio 1.0x 0.4x 6.8x
Altman Z-score 3.14 4.32 29.67

Shareholder Returns

7 metrics
MetricAMSCCMIHYLN
Dividend yield – 1.7% –
Net buyback yield 0.0% 0.7% –
Shareholder yield 0.0% 2.5% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMSCCMIHYLN
Forward P/E 29.2xFY2026 15.0xFY2026 –
EPS, next fiscal year $0.90FY2026 $31.39FY2026 $-0.32FY2026
EPS growth, next FY -75.0%FY2026 +31.9%FY2026 –
EPS growth, the year after +40.0% +14.7% –
Revenue, next fiscal year $383.43MFY2026 $35.38BFY2026 $14.80MFY2026
Revenue growth, next FY +28.2%FY2026 +5.1%FY2026 +325.2%FY2026
Revenue growth, the year after +15.7% +11.3% +127.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMSCCMIHYLN
Held by institutions 73.7% 85.4% 33.4%
Institutions holding 278 2,108 168
Change in shares held, QoQ +6.4% +1.0% +19.5%
Institutions buying 173 1,050 106
Institutions selling 77 729 38
Buyers to sellers 2.25 1.44 2.79

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMSCCMIHYLN
AMSC 1.00 0.35 0.42
CMI 0.35 1.00 0.37
HYLN 0.42 0.37 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMSC, CMI and HYLN?

Cummins (CMI) is the largest by market capitalisation: American Superconductor (AMSC) $1.27B, Cummins (CMI) $65.03B, Hyliion Holdings (HYLN) $537.58M.

Which stock is cheaper, AMSC, CMI and HYLN?

American Superconductor (AMSC) trades on the lowest price-to-earnings ratio (American Superconductor (AMSC) 9.2x, Cummins (CMI) 24.0x, Hyliion Holdings (HYLN) -10.3x). On next year's consensus earnings, Cummins (CMI) is cheapest (American Superconductor (AMSC) 29.2x, Cummins (CMI) 15.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: American Superconductor (AMSC) +25.9%, Cummins (CMI) +2.9%, Hyliion Holdings (HYLN) +163.2%.

Which company is more profitable?

American Superconductor (AMSC) has the highest net margin (American Superconductor (AMSC) 42.6%, Cummins (CMI) 7.8%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: American Superconductor (AMSC) -53.3%, Cummins (CMI) +10.2%, Hyliion Holdings (HYLN) +44.0%. Over five years, Cummins (CMI) compounded fastest (American Superconductor (AMSC) +8.3%/yr, Cummins (CMI) +14.8%/yr, Hyliion Holdings (HYLN) -18.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cummins (CMI) 1.74%. American Superconductor (AMSC) and Hyliion Holdings (HYLN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Cummins (CMI) has been the steadiest (American Superconductor (AMSC) 85.3%, Cummins (CMI) 37.2%, Hyliion Holdings (HYLN) 98.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMSC, CMI and HYLN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cummins (CMI) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.