HYLN vs WAVE vs AMSC Stock Comparison

Hyliion Holdings, Eco Wave Power Global AB (publ) and American Superconductor Prices as of Nov 3, 2026 Peers: Industry group
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HYLN Hyliion Holdings Corp.
$3.16 -30.2% 1M +43.6% 1Y
Market cap
$532.65M
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.

QuestionHYLNWAVEAMSCLeader
Larger companyMarket capitalisation $532.65M $211.19M $1.25B AMSC
Cheaper on earningsLower P/E, profitable companies only -10.2x -69.6x 9.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 30.8x –
Faster revenue growthRevenue growth, trailing twelve months +163.2% — +25.9% HYLN
More profitableNet margin, trailing twelve months -564.3% — 42.6% 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 +43.6% -36.5% -54.3% HYLN
Better 5-year returnAnnualised price return, 5 years -17.7%/yr -7.8%/yr +9.2%/yr AMSC
Less volatileAnnualised volatility, 1 year 98.6% 70.4% 85.4% WAVE
Higher overall scoreMean of the five percentile scores vs peers 57/100 34/100 84/100 AMSC

Percentile Scorecard

HYLNWAVEAMSC

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

AxisHYLNWAVEAMSC
Valuation 34 #42 of 63 0 #24 of 24 82 #12 of 63
Growth 88 #8 of 60 41 #14 of 23 97 #3 of 60
Profitability 13 #50 of 57 5 #22 of 23 82 #11 of 57
Financial Health 94 #5 of 72 91 #3 of 24 79 #16 of 72
Shareholder Returns – – 78 #8 of 33
Overall 57 34 84
  • HYLN ranked among 72 companies in Clean Energy Equipment
  • WAVE ranked among 24 companies in Power Generation
  • AMSC 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

PeriodHYLNWAVEAMSCSPY
1 month -30.2%-20.0%-7.8% -2.0%
3 months -22.7%-37.4%-17.2% -2.2%
6 months +36.8%-43.6%-49.7% +4.2%
Year to date +71.7%-20.0%-3.8% +10.6%
1 year +43.6%-36.5%-54.3% +10.4%
3 years +372.3%+90.2%+257.2% +73.6%
3 years, per year +67.8%+23.9%+52.9% +20.2%
5 years -62.3%-33.3%+55.5% +61.6%
5 years, per year -17.7%-7.8%+9.2% +10.1%
10 years ——+313.8% +261.3%
10 years, per year ——+15.3% +13.7%

Risk

MeasureHYLNWAVEAMSCSPY
Volatility, 1Y 98.6%70.4%85.4% 12.8%
Downside volatility, 1Y 92.4%63.1%97.9% 12.8%
Beta vs S&P 500, 1Y 3.220.963.44 1.00
Return / volatility, 1Y 0.44-0.52-0.64 0.81
Max drawdown, 5Y -94.0%-86.3%-82.0% -25.4%
From 52-week high -61.0%-52.9%-54.3% -3.2%
52-week high $8.10$9.92$60.63 $779.14
52-week low $1.58$4.38$25.01 $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.

MultipleHYLNWAVEAMSC
P/E now vs peer median -10.8xmedian 28.1x -71.9xmedian 26.0x 9.7xmedian 28.1x
P/S now vs peer median 61.0xmedian 2.6x —median 2.6x 4.2xmedian 2.6x
EV/EBITDA now vs peer median -9.8xmedian 18.9x —median 11.5x 48.7xmedian 18.9x
P/FCF now vs peer median -10.0xmedian 29.8x —median 13.2x 65.3xmedian 29.8x
P/B now vs peer median 3.3xmedian 1.9x 31.0xmedian 2.1x 2.3xmedian 1.9x
PEG now vs peer median -0.36median 0.77 —median 0.76 0.19median 0.77

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 monthsHYLNWAVEAMSC
Revenue $9.25M – $320.87M
Gross profit $603.00K – $91.62M
Operating income -$58.73M -$2.77M $15.63M
Net income -$52.19M -$3.04M $136.58M
Free cash flow -$56.62M – $20.52M
R&D $37.27M $647.00K $15.36M
EPS (diluted) $-0.29 – $2.90
Cash & equivalents $13.20M $4.42M $143.71M
Total debt – $1.23M –
Shares (diluted) 178.44M – 47.12M
Enterprise value $198.54M $183.28M $616.34M

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
MetricHYLNWAVEAMSC
P/E -10.8x -71.9x 9.7x
P/FCF -10.0x – 65.3x
P/Operating cash flow -13.3x – 38.3x
P/S 61.0x – 4.2x
P/B 3.3x 31.0x 2.3x
P/Tangible book 3.3x 31.0x 2.4x
EV/EBITDA -9.8x – 48.7x
EV/EBIT -8.5x -76.4x 76.6x
EV/Revenue 54.1x – 3.7x
EV/FCF -8.8x – 58.3x
EV/Operating cash flow -11.8x – 34.2x
PEG (3Y EPS CAGR) -0.36 – 0.19

Growth

14 metrics
MetricHYLNWAVEAMSC
Revenue growth (1Y) 163.2% – 25.9%
Revenue CAGR (3Y) 62.1% – 41.4%
Gross profit growth (1Y) 154.4% – 23.6%
Gross profit CAGR (3Y) 29.7% – 93.8%
Operating income growth (1Y) 11.9% 2.6% 98.9%
Operating income CAGR (3Y) 29.6% -1.3% 36.3%
Net income growth (1Y) 7.3% 11.3% 793.8%
Net income CAGR (3Y) 30.7% -16.1% 62.4%
EPS growth (1Y) 8.9% – 653.7%
EPS CAGR (3Y) 30.4% – 49.9%
Operating cash flow growth (1Y) 10.5% – 20.8%
Operating cash flow CAGR (3Y) 30.3% – 56.8%
Free cash flow growth (1Y) 16.0% – -21.2%
Free cash flow CAGR (3Y) 24.4% – 44.7%

Profitability

14 metrics
MetricHYLNWAVEAMSC
Gross margin 6.5% – 28.6%
EBITDA margin -551.3% – 7.7%
Operating margin -635.2% – 4.9%
Pretax margin -564.5% – 6.4%
Net margin -564.3% – 42.6%
FCF margin -612.3% – 6.4%
Operating cash flow margin -458.2% – 10.9%
Return on equity -29.7% -41.3% 24.2%
Return on assets -28.2% -31.2% 18.2%
Return on invested capital – – –
Return on capital employed -33.4% -37.2% 2.6%
Asset turnover 0.0x – 0.4x
Cash conversion (OCF / net income) 0.8x – 0.3x
Stock comp / revenue 64.8% – 5.6%

Financial Health

11 metrics
MetricHYLNWAVEAMSC
Debt / assets – 13.2% –
Debt / equity – 0.2x –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 5.6% 24.3% 24.9%
Equity / assets 94.4% 75.7% 75.1%
Interest coverage – -2.2x –
Current ratio 7.6x 3.5x 2.4x
Quick ratio 7.1x 3.4x 1.7x
Cash ratio 6.8x 3.3x 1.0x
Altman Z-score 31.27 – 3.36

Shareholder Returns

7 metrics
MetricHYLNWAVEAMSC
Dividend yield – – –
Net buyback yield – – 0.0%
Shareholder yield – – 0.0%
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.

ConsensusHYLNWAVEAMSC
Forward P/E – – 30.8xFY2026
EPS, next fiscal year $-0.32FY2026 $-0.74FY2026 $0.90FY2026
EPS growth, next FY – – -75.0%FY2026
EPS growth, the year after – – +40.0%
Revenue, next fiscal year $14.80MFY2026 $179.29KFY2026 $383.43MFY2026
Revenue growth, next FY +325.2%FY2026 – +28.2%FY2026
Revenue growth, the year after +127.8% +35.0% +15.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHYLNWAVEAMSC
Held by institutions 33.4% 1.2% 73.7%
Institutions holding 168 22 278
Change in shares held, QoQ +19.5% +520.8% +6.4%
Institutions buying 106 14 173
Institutions selling 38 2 77
Buyers to sellers 2.79 7.00 2.25

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.

HYLNWAVEAMSC
HYLN 1.00 -0.01 0.41
WAVE -0.01 1.00 -0.02
AMSC 0.41 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HYLN, WAVE and AMSC?

American Superconductor (AMSC) is the largest by market capitalisation: Hyliion Holdings (HYLN) $532.65M, Eco Wave Power Global AB (publ) (WAVE) $211.19M, American Superconductor (AMSC) $1.25B.

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

Over the past year Hyliion Holdings (HYLN) returned the most: Hyliion Holdings (HYLN) +43.6%, Eco Wave Power Global AB (publ) (WAVE) -36.5%, American Superconductor (AMSC) -54.3%. Over five years, American Superconductor (AMSC) compounded fastest (Hyliion Holdings (HYLN) -17.7%/yr, Eco Wave Power Global AB (publ) (WAVE) -7.8%/yr, American Superconductor (AMSC) +9.2%/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 (Hyliion Holdings (HYLN) 98.6%, Eco Wave Power Global AB (publ) (WAVE) 70.4%, American Superconductor (AMSC) 85.4%). Volatility measures how widely the price swings, not the risk of the business.

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

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.