The focus of this paper is to provide a comparative analysis of various common-ground converters that serve as dual-purpose power electronic interfaces. These interfaces are designed to be used in both DC and single-phase AC grids, utilizing the same terminals for both modes of operation. The idea lies in the utilization of the same semiconductors in the DC-DC and DC-AC configurations, resulting in minimal redundancy. Particular attention is focused on the comparative evaluation approach. A novel Flying Inductor (FI)-based converter was selected for experimental verification. The design example and experimental prototype of a dual-purpose DC-DC/AC power electronic converter is capable of providing 2 kVA of power in AC mode and 4 kW in DC mode. The experimental results indicate that the converter can operate in both AC and DC grids according to their respective modes. The conclusion of the study highlights the potential applications and main benefits of this technology.