AMSC vs HYLN vs WAVE Stock Comparison

American Superconductor, Hyliion Holdings and Eco Wave Power Global AB (publ) Prices as of Nov 5, 2026 Peers: Industry group
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HYLN Hyliion Holdings Corp.
$2.63 -34.7% 1M +20.6% 1Y
Market cap
$505.01M
P/E
–
Revenue (TTM)
$9.25M
Div. yield
–
Power Equipment Industrials
2 wins

Head to Head

7 decided of 12

American Superconductor leads on 4 of the 12 questions below (American Superconductor 4, Hyliion Holdings 2, Eco Wave Power Global AB (publ) 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMSCHYLNWAVELeader
Larger companyMarket capitalisation $1.09B $505.01M $201.38M AMSC
Cheaper on earningsLower P/E, profitable companies only 8.1x -9.7x -66.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.6x — — –
Faster revenue growthRevenue growth, trailing twelve months +31.1% +163.2% — HYLN
More profitableNet margin, trailing twelve months 38.6% -564.3% — AMSC
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -59.6% +20.6% -36.9% HYLN
Better 5-year returnAnnualised price return, 5 years +6.3%/yr -21.1%/yr -9.0%/yr AMSC
Less volatileAnnualised volatility, 1 year 85.5% 99.4% 70.3% WAVE
Higher overall scoreMean of the five percentile scores vs peers 85/100 57/100 35/100 AMSC

Percentile Scorecard

AMSCHYLNWAVE

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

AxisAMSCHYLNWAVE
Valuation 84 #11 of 63 32 #43 of 63 0 #24 of 24
Growth 98 #2 of 60 90 #7 of 60 46 #13 of 23
Profitability 82 #11 of 57 11 #51 of 57 5 #21 of 22
Financial Health 78 #17 of 72 96 #4 of 72 91 #3 of 24
Shareholder Returns – – –
Overall 85 57 35
  • AMSC ranked among 72 companies in Clean Energy Equipment
  • HYLN ranked among 72 companies in Clean Energy Equipment
  • WAVE ranked among 24 companies in Power Generation

Price Performance

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

Returns

PeriodAMSCHYLNWAVESPY
1 month -24.7%-34.7%-24.8% -5.9%
3 months -27.1%-33.4%-37.4% -4.6%
6 months -54.9%+6.5%-46.9% +0.2%
Year to date -16.7%+42.9%-25.3% +7.5%
1 year -59.6%+20.6%-36.9% +8.2%
3 years +209.4%+304.7%+84.0% +68.3%
3 years, per year +45.8%+59.4%+22.5% +19.0%
5 years +35.9%-69.3%-37.6% +56.5%
5 years, per year +6.3%-21.1%-9.0% +9.4%
10 years +236.8%—— +251.5%
10 years, per year +12.9%—— +13.4%

Risk

MeasureAMSCHYLNWAVESPY
Volatility, 1Y 85.5%99.4%70.3% 13.6%
Downside volatility, 1Y 98.0%94.0%62.9% 14.2%
Beta vs S&P 500, 1Y 3.153.090.86 1.00
Return / volatility, 1Y -0.700.21-0.52 0.60
Max drawdown, 5Y -82.0%-94.0%-86.3% -25.4%
From 52-week high -59.6%-67.5%-56.0% -5.9%
52-week high $59.42$8.10$9.92 $779.14
52-week low $23.98$1.58$4.36 $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.

MultipleAMSCHYLNWAVE
P/E now vs peer median 8.6xmedian 25.0x -9.0xmedian 25.0x -67.1xmedian 21.7x
P/S now vs peer median 3.3xmedian 2.3x 50.8xmedian 2.3x —median 2.5x
EV/EBITDA now vs peer median 35.1xmedian 18.3x -8.0xmedian 18.3x —median 10.9x
P/FCF now vs peer median 68.9xmedian 28.3x -8.3xmedian 28.3x —median 12.3x
P/B now vs peer median 2.0xmedian 1.8x 2.8xmedian 1.8x 28.9xmedian 2.0x
PEG now vs peer median 0.16median 0.65 -0.30median 0.65 —median 0.64

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 monthsAMSCHYLNWAVE
Revenue $349.05M $9.25M –
Gross profit $97.71M $603.00K –
Operating income $18.03M -$58.73M -$2.77M
Net income $134.82M -$52.19M -$3.04M
Free cash flow – -$56.62M –
R&D $15.41M $37.27M $647.00K
EPS (diluted) $2.87 $-0.29 –
Cash & equivalents $169.92M $13.20M $4.42M
Total debt – – $1.23M
Shares (diluted) 47.03M 178.44M –
Enterprise value $493.17M $170.90M $173.47M

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
MetricAMSCHYLNWAVE
P/E 8.6x -9.0x -67.1x
P/FCF 68.9x -8.3x –
P/Operating cash flow – -11.1x –
P/S 3.3x 50.8x –
P/B 2.0x 2.8x 28.9x
P/Tangible book 2.0x 2.8x 28.9x
EV/EBITDA 35.1x -8.0x –
EV/EBIT 55.0x -6.9x -71.2x
EV/Revenue 2.8x 43.9x –
EV/FCF – -7.2x –
EV/Operating cash flow – -9.6x –
PEG (3Y EPS CAGR) 0.16 -0.30 –

Growth

14 metrics
MetricAMSCHYLNWAVE
Revenue growth (1Y) 31.1% 163.2% –
Revenue CAGR (3Y) 42.8% 62.1% –
Gross profit growth (1Y) 23.8% 154.4% –
Gross profit CAGR (3Y) 72.0% 29.7% –
Operating income growth (1Y) 55.7% 11.9% 2.6%
Operating income CAGR (3Y) 40.3% 29.6% -1.3%
Net income growth (1Y) 790.3% 7.3% 11.3%
Net income CAGR (3Y) 65.9% 30.7% -16.1%
EPS growth (1Y) 736.8% 8.9% –
EPS CAGR (3Y) 52.9% 30.4% –
Operating cash flow growth (1Y) – 10.5% –
Operating cash flow CAGR (3Y) – 30.3% –
Free cash flow growth (1Y) – 16.0% –
Free cash flow CAGR (3Y) – 24.4% –

Profitability

14 metrics
MetricAMSCHYLNWAVE
Gross margin 28.0% 6.5% –
EBITDA margin 8.1% -551.3% –
Operating margin 5.2% -635.2% –
Pretax margin 6.3% -564.5% –
Net margin 38.6% -564.3% –
FCF margin – -612.3% –
Operating cash flow margin – -458.2% –
Return on equity 23.3% -29.7% -41.3%
Return on assets 17.5% -28.2% -31.2%
Return on invested capital – – –
Return on capital employed 2.9% -33.4% -37.2%
Asset turnover 0.5x 0.0x –
Cash conversion (OCF / net income) – 0.8x –
Stock comp / revenue 6.0% 64.8% –

Financial Health

11 metrics
MetricAMSCHYLNWAVE
Debt / assets – – 13.2%
Debt / equity – – 0.2x
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 24.9% 5.6% 24.3%
Equity / assets 75.1% 94.4% 75.7%
Interest coverage – – -2.2x
Current ratio 2.4x 7.6x 3.5x
Quick ratio 1.7x 7.1x 3.4x
Cash ratio 1.1x 6.8x 3.3x
Altman Z-score 2.82 25.62 –

Shareholder Returns

7 metrics
MetricAMSCHYLNWAVE
Dividend yield – – –
Net buyback yield – – –
Shareholder yield – – –
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.

ConsensusAMSCHYLNWAVE
Forward P/E 26.6xFY2026 – –
EPS, next fiscal year $0.90FY2026 $-0.32FY2026 $-0.74FY2026
EPS growth, next FY -75.0%FY2026 – –
EPS growth, the year after +40.0% – –
Revenue, next fiscal year $383.43MFY2026 $14.80MFY2026 $179.29KFY2026
Revenue growth, next FY +28.2%FY2026 +325.2%FY2026 –
Revenue growth, the year after +15.7% +127.8% +35.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMSCHYLNWAVE
Held by institutions 73.7% 33.4% 1.2%
Institutions holding 278 168 22
Change in shares held, QoQ +6.4% +19.5% +520.8%
Institutions buying 172 106 14
Institutions selling 77 38 2
Buyers to sellers 2.23 2.79 7.00

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.

AMSCHYLNWAVE
AMSC 1.00 0.48 0.06
HYLN 0.48 1.00 0.00
WAVE 0.06 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AMSC, HYLN and WAVE?

American Superconductor (AMSC) is the largest by market capitalisation: American Superconductor (AMSC) $1.09B, Hyliion Holdings (HYLN) $505.01M, Eco Wave Power Global AB (publ) (WAVE) $201.38M.

Which company is growing faster?

Hyliion Holdings (HYLN) grew revenue fastest over the trailing twelve months: American Superconductor (AMSC) +31.1%, Hyliion Holdings (HYLN) +163.2%.

Which company is more profitable?

American Superconductor (AMSC) has the highest net margin (American Superconductor (AMSC) 38.6%, Hyliion Holdings (HYLN) -564.3%).

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: American Superconductor (AMSC) -59.6%, Hyliion Holdings (HYLN) +20.6%, Eco Wave Power Global AB (publ) (WAVE) -36.9%. Over five years, American Superconductor (AMSC) compounded fastest (American Superconductor (AMSC) +6.3%/yr, Hyliion Holdings (HYLN) -21.1%/yr, Eco Wave Power Global AB (publ) (WAVE) -9.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Eco Wave Power Global AB (publ) (WAVE) has been the steadiest (American Superconductor (AMSC) 85.5%, Hyliion Holdings (HYLN) 99.4%, Eco Wave Power Global AB (publ) (WAVE) 70.3%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, American Superconductor (AMSC) 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.